"Best Possible Hands"
"Anyone considering you as an agent will know that they are in the best hands possible. You are very knowledgeable of all aspects of real estate and your market areas, professional in your appearance and actions, and warm-hearted in your dealings. (But, I sense that you can be tough when needed.) You are also very hardworking. I know that no stone would be unturned when necessary to get the job done. You treat people that you have just met as you would your closest friend or family member - which says quite alot about who you are as a person. I always knew that you were there for me. Patient with my questions and requests for help and support - over and above - always! Not to mention the 'Pina Army' of support that you weld! From construction matters to painting and simple handy-man projects, to house cleaning and goods donation. Thanks for making everything so easy and for selling the house so quickly."
Bonnie Guhl
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Tax Considerations >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.
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| Q |
What information does nearly every state in America require the seller of a home to reveal to the buyer?
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| A |
Most states require disclosure of any existing problems or conditions that could affect the value of the house. |
 See More Real Estate Trivia > |
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Pick Pina and Her Team
Coldwell Banker Residential BrokerageResidential Brokerage
789 Clifton Ave
Clifton, NJ 07013
Office: 973-594-4312
Fax: 973-773-5133
Pina@PickPina.com
As a real estate professional, Pina has helped many people buy or sell their homes. Being a long time resident, Pina is very knowledgeable of the market area. Finding the right person to trust with your biggest investment is important. Pina understands the needs of families in transition and her expertise will be of comfort   
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