Comments on: Selling House in CA but waiting to Buy a new one? http://sellmyhousequicklytm.com/selling-house-in-ca-but-waiting-to-buy-a-new-one Sell house by owner. How to sell your own house. Thu, 22 Sep 2011 00:00:27 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: iltmaemc http://sellmyhousequicklytm.com/selling-house-in-ca-but-waiting-to-buy-a-new-one/comment-page-1#comment-251 iltmaemc Sun, 30 Aug 2009 12:00:15 +0000 http://sellmyhousequicklytm.com/selling-house-in-ca-but-waiting-to-buy-a-new-one#comment-251 when you have lived in the house for 2 of the 5 years you owned the house; if you are single you have $250,000 gain exclusion if married it is $500,000. you do not have to buy anther house good luck when you have lived in the house for 2 of the 5 years you owned the house; if you are single you have $250,000 gain exclusion if married it is $500,000. you do not have to buy anther house good luck

]]> By: hondapilot4me http://sellmyhousequicklytm.com/selling-house-in-ca-but-waiting-to-buy-a-new-one/comment-page-1#comment-252 hondapilot4me Sun, 30 Aug 2009 12:00:15 +0000 http://sellmyhousequicklytm.com/selling-house-in-ca-but-waiting-to-buy-a-new-one#comment-252 I think the rule applies only to homes used as rental properties, but I'm not sure. Somebody who lives up the street from me owned several rental homes in CA and sold them all but they had to list their new home for rent for twelve months before moving in to get around some tax law or something. And well, what do you know? 12 months later, the FOR RENT sign goes down, and a Corvette and Yukon Denali go in the driveway! I think the rule applies only to homes used as rental properties, but I’m not sure.

Somebody who lives up the street from me owned several rental homes in CA and sold them all but they had to list their new home for rent for twelve months before moving in to get around some tax law or something.

And well, what do you know? 12 months later, the FOR RENT sign goes down, and a Corvette and Yukon Denali go in the driveway!

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