The Jamil Brothers Blog

How Much Capital Gains Tax Do You Owe When Selling a House in Virginia?

If you are preparing to sell a home in Virginia, it is natural to wonder how much of your profit could be lost to capital gains tax. The reassuring news is that many homeowners qualify to exclude some—or potentially all—of their gain under the federal primary-residence exclusion. However, the amount

When Should You Sell a House in Virginia?

There is no single perfect date to sell a house in Virginia. The right timing depends on how much equity you have, why you are moving, whether the property is ready, and what buyers are doing in your local market. Spring and early summer often bring more buyer activity, but greater competition from

Seller Closing Costs in Baltimore City: Why They're Higher Than You Think

Quick Answer: Sellers in Baltimore City typically pay 8% to 10% of the sale price in closing costs — meaningfully higher than anywhere else in Maryland. The main reason is Baltimore City's 1.5% local transfer tax (tied with Baltimore County for the highest in the state) plus a 1% recordation tax, a

What Are Maryland Home Seller Disclosure Requirements?

Selling a home in Maryland involves more than preparing the property and choosing an asking price. Sellers may also need to provide buyers with required information about the home’s condition, known defects, and other material facts. Completing the appropriate disclosure or disclaimer documents accu