Archive for September, 2009
Does anyone have the Head Count on how many Americans lost their jobs when Mitt was buying & selling factories
Tuesday, September 22nd, 2009
How could Illinois Democrats be so selfish to go buying and selling Senate seats in a time of national crisis?
Monday, September 21st, 2009
realtor discounts for selling and buying your home in CA?
Sunday, September 20th, 2009I would like to sell my house and buy another one in California.
What would be a reasonable deal to ask a realtor/real estate agent to give you if they handled both transactions?
No one has offered me a deal but what would be a good one that I should approach an agent friend with as an offer, say “If you give me X I’d like to have you handle the sale of my house and the purchase of my next one at the same time”
Thanks.
How does buying from manufacturers and selling their products work?
Sunday, September 20th, 2009Say if you buy hockey products from a manufacturer to sell in your store. Do you buy the products for half off of what you sell them for or something. Also, if my store wants to advertise the products we buy from the manufacturer, would my store have to pay the manufacturer for advertising for using their brand or logo, or would the manufacturer pay for the advertising?
Should I renovate or move to a nicer house. What are selling/buying costs?
Friday, September 18th, 2009My wife an I bought our house 6 years ago for $235,000. It is now appraised at $550,000 and we are considering either moving to a nicer house or renovating our current house (that we currently owe ~ 190,000 on). If we stay, we would renovate our kitchen and bathrooms for an estimated $75,000.
If we were to sell our house for 550,000 house, can someone help me understand the costs:
1) approximate realtor fee
2) approximate closing costs
3) Would we pay any taxes on the $300k provide we stand to make?
If we were to purchase a $650,000 house, what would the estimated closing costs.
The only other thought I had is that by moving now, we get a break on some percentage of the capital gains over our lifetime(I beleive 170K per move) and then the counter starts over in our new house (so that we could move again in 6 years and still be within any grace period amount). Perhaps I misunderstand this whole concept of being able to write off a certain amount from capital gains???
2 more tidbits.
The primary reason for moving to a modestly more expensive house is to avoid the intrusive construction associated with a major kitchen/bath renovation.
Also, we wouldn’t mind moving into a different neighborhood (with more kids). It’s not just a financial decision.
I talked to a realtor and the info wasn’t pretty.
1) Typical realtor fee when selling it 5.5-6%
2) Throw in another 11,000 for closing costs on a 500,000 house.
3) When purchasing a new house, a reasonable estimate for closing costs is 3.5% (which would include property tax for the first year ($5000 in MD for a $600,000 house).
4) Capital gains is such that the first 250,000 is tax free (for a married couple). Anything over that is taxed.
I guess I’ll be renovating.
Does anyone have a good website for buying and selling stuff other then Ebay?
Thursday, September 17th, 2009
Does anyone know of a good place for buying and selling online?
Monday, September 14th, 2009
What is the first advice to learn about Buying and selling in stock market?
Sunday, September 13th, 2009









