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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Lisa Murray GRI, ABR, CRS REALTOR, a proven Fountain Hills, Scottsdale and Phoenix, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

  • Find Fountain Hills, Scottsdale and Phoenix Homes - Find Fountain Hills, Scottsdale and Phoenix, Arizona real estate listings & homes for sale provided by Lisa Murray GRI, ABR, CRS REALTOR, your local expert real estate agent.

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  • For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Lisa Murray GRI, ABR, CRS REALTOR, a proven Fountain Hills, Scottsdale and Phoenix, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

  • Fountain Hills, Scottsdale and Phoenix Information - Find local information on Fountain Hills, Scottsdale and Phoenix, Arizona including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Lisa Murray GRI, ABR, CRS REALTOR, a proven NUMBER1EXPERT™ Top Selling real estate agent.

  • Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Lisa Murray GRI, ABR, CRS REALTOR, a proven Fountain Hills, Scottsdale and Phoenix, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

  • About Lisa Murray GRI, ABR, CRS REALTOR - Information about Lisa Murray GRI, ABR, CRS REALTOR including testimonials, guarantees, credentials, and contact information. Learn why Lisa Murray GRI, ABR, CRS REALTOR is a proven Fountain Hills, Scottsdale and Phoenix, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

 

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Real Estate Tips
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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Real Estate Trivia
Q 
What is the least affordable metropolitan housing market in the United States?

A 
California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation.
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Lisa Murray GRI, ABR, CRS REALTOR, REALTOR®, real estate agent and broker for Fountain Hills, Scottsdale and Phoenix, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

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".







Jake & Elwood!

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