|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 480-635-4600.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
New Village Team is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Find Out About the Latest East Valley, West Valley, Gilbert and Peoria Area Homes for Sale Before Anyone Else! We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the East Valley, West Valley, Gilbert and Peoria, Arizona area MLS, and even later on the national listings web sites, if at all. By signing up to receive our latest listings, we'll send you an email notice as soon as our latest homes for sale go online. You'll find out first, before other East Valley, West Valley, Gilbert and Peoria buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Get an email as soon as our new properties come on the market in East Valley, West Valley, Gilbert and Peoria! There's no obligation, and you can stop our emails with one click. Just fill out this form to get started... 
First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
|
| Q |
What is the world's longest wall?
|
| A |
The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain. |
 See More Real Estate Trivia > |
|
|
Cassandra Ewer
New Village Realty
890 West Elliott Road Suite 101
Gilbert, AZ 85233
480-635-4600
Fax: 480-786-2244
Cassandra@NUMBER1EXPERT.com
As a highly successful real estate broker with over 15 years experience in the Arizona real estate market, Cassandra Ewer has the knowledge and skill to make any real estate transaction a reality. The New Village Team is a team of experts, each committed to assisting you with your individual real estate needs. Call us today!
www.AZNewVillageTeam.com
is brought to you by New Village Team
NUMBER1EXPERT in real estate for East Valley, West Valley, Gilbert and Peoria, Arizona
Read New Village 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.
|
- NUMBER1EXPERT 
