Frequently Asked Questions

Nov. 20, 2019

Property Estimate on Zillow

I just received an email from Zillow that says my house is worth $811,000. How does Zillow know that and is it accurate? Nobody from Zillow has been to my house.

According to Zillow's website, Zillow uses a proprietary formula to estimate market value. Their site clearly states that it is not an appraisal and merely a starting point for determining the value of their home. If you want a better idea of what your home is worth, you can ask a real estate agent for a comparative market analysis (CMA) or hire an appraiser to perform an appraisal on your house, much like a bank would during a purchase or refinance.

Posted in FAQ
July 31, 2017

Capital Gains Tax

How long do we have to live in our house to not pay capital gains tax?

We always recommend you consult with your accountant and/or attorney as it relates to tax matters.  If you decide to sell before you’ve owned the home for two years, or you haven't lived in the home two out of the last five years, your accountant can help you calculate what your possible tax implications will be.

Posted in FAQ