Dear Friend,
Please enjoy the real estate tip included below. If you have any questions about this tip - or any other tips you may have heard elsewhere - please ask! There is no obligation and you'll hear back quickly!
Real Estate Tip:A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?
A professional appraiser's opinion of a property's market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.
An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.
• See Kay and Richard's Feature Properties: www.ClarksvilleHomeConnection.com/myhomes.asp
• Visit www.ClarksvilleHomeConnection.com
Kay and Richard Schillo
Crye-Leike Realtors
Phone: 931-320-3044
Email: kayschillo@NUMBER1EXPERT.com
Website: www.ClarksvilleHomeConnection.com
How To Set Preferences For: kayschillo@gmail.com
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Kay and Richard Schillo , Crye-Leike Realtors
2512 Wilma Rudolph Blvd., Clarksville, TN, 37040
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Monday, January 17, 2011
Real Estate Tip: Taxpayer Relief Legislation
Dear Friend,
Please enjoy the real estate tip included below.
Real Estate Tip:Taxpayer Relief Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
• See Kay and Richard's Feature Properties: www.ClarksvilleHomeConnection.com/myhomes.asp
• Visit www.ClarksvilleHomeConnection.com
Kay and Richard Schillo
Crye-Leike Realtors
Phone: 931-320-3044
Email: kayschillo@NUMBER1EXPERT.com
Website: www.ClarksvilleHomeConnection.com
How To Set Preferences For: kayschillo@NUMBER1EXPERT.com
To remove this address, or to change the content or format
of the emails being sent to this address, click here.
Kay and Richard Schillo , Crye-Leike Realtors
2512 Wilma Rudolph Blvd., Clarksville, TN, 37040
Powered by NUMBER1EXPERT®
NUMBER1EXPERTS Sell More Homes!
Copyright © Best Image Marketing and/or its clients. All rights reserved.
Please enjoy the real estate tip included below.
Real Estate Tip:Taxpayer Relief Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
• See Kay and Richard's Feature Properties: www.ClarksvilleHomeConnection.com/myhomes.asp
• Visit www.ClarksvilleHomeConnection.com
Kay and Richard Schillo
Crye-Leike Realtors
Phone: 931-320-3044
Email: kayschillo@NUMBER1EXPERT.com
Website: www.ClarksvilleHomeConnection.com
How To Set Preferences For: kayschillo@NUMBER1EXPERT.com
To remove this address, or to change the content or format
of the emails being sent to this address, click here.
Kay and Richard Schillo , Crye-Leike Realtors
2512 Wilma Rudolph Blvd., Clarksville, TN, 37040
Powered by NUMBER1EXPERT®
NUMBER1EXPERTS Sell More Homes!
Copyright © Best Image Marketing and/or its clients. All rights reserved.
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