|
All agents are NOT alike! Find out why Lena Lansdale and Larry Black are Top Real Estate Experts! Call 512-818-0229.
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Lena Lansdale's Team
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
"It sold very quickly, I feel it was priced right. Lena took care of problems as soon as I called her. Great Job!"
Mr. & Mrs. David Bowman
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
 |
Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
|
|
| Q |
Where are church services held in the water each Sunday during July and August?
|
| A |
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. |
 See More Real Estate Trivia > |
|
|
|
Lena Lansdale's Team
Keller Williams Realty-Georgetown
823 South Austin Ave.
Georgetown, TX. 78626
Phone: 512-818-0229
Fax: 512-863-2116
Email: lenalansdale@NUMBER1EXPERT.com
Lena Lansdale has been a resident of Georgetown, Texas for 35 years and knows the Georgetown, Round Rock, and Austin, Texas Real Estate Market. Lena's Team was the Award winner of the 2009 Top Team Producer at Keller Williams Realty-Georgetown office. Lena has also been a Top Producer for 12 consecutive years and is truly a NUMBER1EXPERT. Lena's success in real estate is because she loves people and is enthusiastic and full of energy. Lena has put the fun back into buying and selling real estate. People enjoy being around Lena and she makes everyone feel comfortable and a part of the community. Lena and her husband, Larry Black have put together a winning and proven professional real estate team, providing exceptional service   
|
 |
LARRY
BLACK
Phone: 512-818-0316
Fax: 512-863-2116
Email:
larryblack@kw.com
www.LenaLansdale.com is brought to you by
Lena Lansdale's Team
NUMBER1EXPERT™ in real estate for
Georgetown, Round Rock and Austin, Texas Read Lena Lansdale's Team'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.
|
