Closing Costs All closing costs associated with the sale of your home will be listed for you and for the home buyer in the Closing Disclosure form. Taxes The money that you make from the sale of your home is considered capital gains. The good news is that these profits can be excluded from your taxable income, You should speak with your accountant or a certified tax specialist who can help you fully understand and minimize your tax liability. Moving Costs Moving isn’t only a hassle, it can also be very expensive. Whether you’re moving to a new house in your neighborhood or across the country, it’s important to estimate and plan for the full cost of moving from your home once it is sold. If you’re working with a moving company, you’ll want to get a full idea of what you’ll be charged for what services. If you’re moving yourself, you’ll need to obtain estimates on truck/van rental. No matter how you choose to move, you’ll need to budget for packing materials. The more preparation you do in planning your move, the more likely you are able to avoid overpaying for your move expenses.
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