What considerations should I make in selling a second home?

Answer by  Cassandradalla (228)

Selling real estate can significantly impact your personal financial and tax situation. For this reason, you should consider consulting your attorney to address your family's situation specifically and in depth.

Answer by  Dean (4035)

Get advice from an accounting professional on this one. Laws change every year. The impact of the sale of the property will depend on the profit or loss from the sale, what you do with the profits, if any, and will also depends on other factors relative to your finances, assets, income(s), etc.

Answer by  Hewitt302 (1720)

Do not sell the house if you don't think you'll get a good price on it. Be open minded, but realize, many buyers want a home cheap.

Answer by  hristijan (14)

The problem get's where to put your money when you get it. The best solve is to put in bank and get interes for that money. With this your finance will grow up.