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Selling Your Home? Free Market Analysis
Before signing a contract with any REALTOR®, make sure you know EXACTLY how your home will be marketed. There is a vast range in skills, experience, and track records! A "Listing Presentation" is an industry term for the formal presentation that a Realtor makes to prospective home sellers, trying to earn their trust and business. Don't list your home with a real estate agent without it! I would love the opportunity to make such a presentation to you. I'll visit your home, and together we will walk through it, considering the positives and negatives (if any!). You will then see exactly how I would propose to sell your home, for as much as the market will bear, and within your time frame. I will tell you where I will advertise your home, both in print and on the web. With the dramatic growth in homebuyer usage of the web, you MUST have a top REALTOR® that can extensively market your home online! And you'll find out what your home is worth, too, because part of my presentation will include a CMA (Comparative Market Analysis) of your home. I'll compare your home to others like it that have recently sold, and also to others that are currently for sale. This is a very important way of determining the fair market value of your home. I make free presentations and prepare CMAs for prospective home sellers every day. I've literally done hundreds, and I know exactly what puts a big SOLD sign in your front yard. I'd love the chance to make a presentation for you. It is totally free and without any obligation. Call me! Or fill out this form and I will get back to you quickly...
Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What is considered one of the few remaining tax shelters in the 1990s?
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| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
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Interior Design & Consultations - Nancy Carroll
Interior design consultations are visits to your home or office where we can pinpoint your needs, fine tune what you want to accomplish.
Find Out More >
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 The
data relating to real estate for sale on this web site comes in part from the
Internet Data Exchange of the Lehigh Valley Association of REALTORS Multiple
Listing Service. Real Estate listings held by brokerage firms (licensees) other
than Keller Williams Real Estate are marked with the IDX logo and detailed
information about them includes the name of the listing brokers. The
information being provided is for consumers personal, non-commercial use and
may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing. |
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