It might be possible for you to exclude any profit you make from the sale of you main home from your income. Your main home would be you primary residence.  In order to qualify you have to meet the following conditions.

• Owned your home for at least 2 years prior to the sale
• Used that home as your primary residence for at least 2 years prior to the sale

You can find out more from the Internal Revenue Service website

Coming up with an amount to offer on the home you want can be tricky. Do your homework, your Realtor should be able to offer you “Comps” in the neighborhood. Comps are what houses comparable to the one you want sold for in the recent past. These are freely available public records so you should be able to access them even without a Realtor.

Ideally a home buyer or seller will talk to many different Real Estate Agents before finding one that suits their needs. It doesn’t always happen that way though. Most people end up using the first agent they meet. The fact of the matter is though that their are agents the specialize in buying and those who specialize in selling. An agent can represent either but they typically focus their efforts on one or the other.So be sure and do your homework when finding the agent that’s right for you.