A question asked often from clients; "Will my home qualify for FHA financing?"
To help answer this question, I have compiled answers and guidelines for each type of lending. Every situation is different, so this is not a 100% complete list, but this list will give you guidelines as to what you may need to upgrade or repair before you list your home.
Don't roll your eyes and scroll just yet. This can be a very dry subject anytime we are talking Taxes, but this an important subject for anyone selling a home. Here is the basics; The Eligibility Test maximum exclusion of gain ($250,000 or $500,000 if married filing jointly). Download IRS publication 523. Its not long and it will probably save you tens of thousands of dollars.