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I can only estimate the capital gain because I don't know what we are actually going to get from the sale of this house. Being conservative, we believe we will have a total taxable amount of approximately 30000. I am not sure if we will fall into the 10% capital gains or 20% because we have had a lot of changes this year. 1. We had a baby. 2. We are having money taken out of my paycheck for Dependant Care Assistance, so that lowers my taxable income. So we might fall into the 10% capital gains tax (hopefully!). So we will either be paying around 3000 or around 6000 in capital gains tax. Both amounts are higher than 1 month's mortgage.

I just wish the sellers would be more flexible with us! Any suggestions on how to get them to work with us? I feel like we don't have any leverage at all to get them to come down on the price or to push out the move-in date.

We do not have a buyer for our house yet, it is not even on the market but will be in the next week. Houses in my area go quickly, so I am not worried about that, especially since the purchase of the new house is contingent on the sale of this one.

Thanks again,
Carrie

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