


|
All agents are NOT alike! Find out why I am a top real estate expert in Fountain Hills. Call me today! 602-400-0250.
|

Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
|

'Efficiency and Grace" "We highly recommend Lisa as an agent that gets the job done with style!” "Dick and Edith Stock" Read Quote > View All Quotes >
|
Compare
three mortgages at one time. Download TripleCalc now. It's
free.
|
Lisa Murray GRI, ABR, CRS REALTOR
is one of The Top Selling Real Estate Experts Find Out More > |
|
|
|
Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request my free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As a top Fountain Hills, Scottsdale and Phoenix area real estate agent, it's my job to know more about a property than any web site. Make sure you have the most current information! 
 |
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.
|
 |
| Q |
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
|
| A |
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
See More Real Estate Trivia > |
|

|
Lisa Murray - ABR, GRI, CRS RE/MAX Sun Properties 16704 E. Ave. of the Fountains, #101 Fountain Hills, AZ 85268 Phone: 602-400-0250 Fax: 480-718-8291 Toll Free: 888-311-4833 Email: Lisa@ISellFountainHillsAZ.com
I am a full time residential real estate specialist. I work with both buyers and sellers in Fountain Hills and surrounding communities. My goal is to provide you with the highst quality service that will "Exceed Your Expectations".
www.FountainHillsExpert.com is brought to you by
Lisa Murray GRI, ABR, CRS REALTOR NUMBER1EXPERT in real estate for
Fountain Hills, Scottsdale and Phoenix, Arizona Read Lisa Murray's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|