How fast can Byrd and Co close on an Ohio property?

Byrd and Co typically closes Ohio transactions within 7 to 14 days when the title is clear. Ohio closings are handled through title companies, and the Byrd and Co team coordinates directly with a local Ohio title company. If there are title complications such as liens, estate issues, or unpaid property taxes, the timeline may extend but Byrd and Co handles the resolution.

Who pays the conveyance fee when selling to Byrd and Co in Ohio?

Byrd and Co covers all closing costs including Ohio's conveyance fee. In most Ohio counties the conveyance fee is $4 per $1,000 of the sale price, which is typically the seller's responsibility in a traditional sale. On a $250,000 home that is $1,000 in conveyance fees. When selling to Byrd and Co, the company absorbs the entire fee plus all other closing costs. The cash offer presented is the net amount the seller receives.

Can Byrd and Co buy my Ohio house if it is in foreclosure?

Yes. Ohio foreclosures are exclusively judicial. The lender files a complaint with the county court and the homeowner has 28 days to file an answer. If no answer is filed, the court can issue a default judgment and the property moves toward a sheriff's sale. The full process typically takes six months to a year. Byrd and Co can purchase the property at any point before the sheriff's sale is completed.

Does Byrd and Co buy houses across all of Ohio or just major cities?

Byrd and Co buys properties across Ohio, not just in Columbus, Cincinnati, and Cleveland. The company regularly purchases homes in Dayton, Toledo, Akron, Youngstown, Canton, Springfield, Lakewood, Stow, and smaller communities. Byrd and Co also buys in rural Ohio counties where traditional buyers are harder to find. Homeowners can call (410) 855-1722 to confirm coverage in their area.

Are Ohio property taxes a problem when selling to Byrd and Co?

No. Ohio property taxes are prorated at closing so the seller only pays for the portion of the year they owned the home. If the seller is behind on property taxes, Byrd and Co can often cover the delinquent amount as part of the closing. Ohio counties conduct tax lien certificate sales on delinquent properties, and selling to Byrd and Co before that process starts protects the homeowner from losing the property.

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Do You Pay Capital Gains Tax When You Sell Your House for Cash in Pennsylvania?

Selling your house for cash doesn’t change how capital gains tax works — the IRS treats a cash sale the same as any other sale. Most Pennsylvania homeowners selling their primary residence owe little or nothing in capital gains tax, because the IRS lets you exclude up to $250,000 of profit ($500,000 if married filing jointly). What you sell for and how fast you close have no bearing on the tax rules themselves.

Does a Cash Sale Change Your Tax Bill?
How Does the Home Sale Capital Gains Exclusion Work?
How Do You Calculate Your Capital Gain?
What Other Costs Come With Selling in Pennsylvania?
Do You Need to Report the Sale to the IRS?
When Might You Still Owe Capital Gains Tax?
FAQ

Does a Cash Sale Change Your Tax Bill?

No. Whether a buyer pays with a mortgage or with cash, the IRS looks at the same thing: how much profit you made on the sale. That profit is called a capital gain, and it’s calculated the same way no matter who buys the house or how quickly the deal closes.

What a cash sale does change is the process, not the tax rules. You typically skip the appraisal contingency, the buyer’s loan underwriting, and the weeks of uncertainty that come with a financed deal. According to Ramsey Solutions’ guide to capital gains tax on real estate, your capital gains tax rate depends on how long you owned the home, your income, and your filing status — not on how the buyer financed the purchase.

How Does the Home Sale Capital Gains Exclusion Work?

This is the part that saves most sellers from owing anything at all. Under Section 121 of the tax code, if the home was your primary residence, you can exclude a big chunk of your profit from taxable income:

Single filers: exclude up to $250,000 of gain
Married filing jointly: exclude up to $500,000 of gain

To qualify, you generally need to meet two tests, according to IRS Topic no. 701, Sale of Your Home:

Ownership test: You owned the home for at least 2 of the last 5 years.
Use test: You lived in the home as your primary residence for at least 2 of the last 5 years.

You don’t have to own and live in the home during the same 2-year stretch, but both tests need to be satisfied within the 5 years before the sale. Full details, including partial exclusions for special circumstances, are covered in IRS Publication 523, Selling Your Home.

How Do You Calculate Your Capital Gain?

Your capital gain isn’t your sale price. It’s your sale price minus your cost basis, which is what you paid for the home plus qualifying improvements over the years. Here’s a simplified version:

Start with your sale price.
Subtract your cost basis (original purchase price + capital improvements like a new roof or an addition, not routine repairs).
Subtract selling costs, including any transfer taxes or closing fees you’re responsible for.
What’s left is your capital gain. Compare it against the $250,000/$500,000 exclusion to see if any of it is taxable.

For example, if you bought a Philadelphia rowhome for $180,000, put $30,000 into a kitchen renovation, and sell for $310,000, your gain before selling costs is roughly $100,000 — well under the $250,000 exclusion for a single filer.

What Other Costs Come With Selling in Pennsylvania?

Capital gains tax is a federal (and sometimes state) income tax issue, separate from Pennsylvania’s realty transfer tax, which applies at closing regardless of profit. According to the Pennsylvania Department of Revenue, the state charges a realty transfer tax of 1% of the property’s value, and most counties and municipalities add their own local transfer tax on top, often bringing the total to about 2% in most areas of the state. This tax is due whether or not you owe any capital gains tax on the sale.

Cost Type	Who Typically Pays	When It’s Due
Capital gains tax	Seller (only on taxable gain above the exclusion)	With your annual tax return
PA realty transfer tax	Split between buyer and seller by custom	At closing
Closing/title fees	Negotiable, often split	At closing

Do You Need to Report the Sale to the IRS?

Sometimes, yes, even if your entire gain is excluded. If you receive a Form 1099-S reporting the sale proceeds, or if any part of your gain is not excludable, you need to report the sale using Schedule D and Form 8949 with your federal return. If your gain is fully covered by the exclusion and you didn’t receive a 1099-S, you generally don’t need to report the sale at all. Your tax preparer can confirm which situation applies to you.

When Might You Still Owe Capital Gains Tax?

A few situations can leave part of your gain taxable:

Your gain exceeds the exclusion amount ($250,000 single / $500,000 married filing jointly).
The home wasn’t your primary residence for at least 2 of the last 5 years, such as a rental or an inherited property you didn’t live in.
You already used the exclusion on a different home sale within the past 2 years.
You owned the home for less than a year, which can trigger short-term capital gains, taxed at your regular income tax rate instead of the lower long-term rate.

If any of these apply to you, a conversation with a tax professional before you sell can help you plan around the numbers rather than get surprised by them.

Ready to Sell Your Pennsylvania House for Cash?

Byrd and Co buys homes across Pennsylvania as-is — no repairs, no commissions, and a closing date you choose. Selling for cash doesn’t change your tax picture, but it can remove months of uncertainty from the process. Have questions about selling your Pennsylvania home for cash? Talk to the Byrd and Co team — no pressure, just real answers.

Get Your Cash Offer → | Call (443) 251-3479

Frequently Asked Questions About Capital Gains Tax on a Cash Home Sale

Q: Do I pay more in taxes if I sell my house for cash instead of listing it? No. The IRS taxes the gain the same way regardless of how the buyer pays. A cash sale just changes the timeline and process, not the tax calculation.

Q: How much of my home sale profit is tax-free? Up to $250,000 if you’re single, or up to $500,000 if you’re married filing jointly, as long as you meet the ownership and use tests.

Q: Is Pennsylvania‘s transfer tax the same as capital gains tax? No. The realty transfer tax is a state and local closing cost based on the property’s value, charged whether or not you have any taxable profit. Capital gains tax is a separate federal income tax on your actual profit.

Q: What if I inherited the house I’m selling? Inherited homes usually get a “stepped-up” cost basis, based on the value when you inherited it, which often reduces or eliminates taxable gain. This is worth reviewing with a tax professional case by case.

Q: Do I need to report the sale if my entire gain is excluded? Not always. If you meet the exclusion and don’t receive a Form 1099-S, you typically don’t need to report the sale. If you do receive one, you’ll need to report it even if no tax is owed.

This article is for general education and isn’t tax or legal advice. Every seller’s situation is different, so talk to a licensed tax professional about your specific numbers.