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Forclosed Homes in Austin,Texas Round Rock,Texas Georgetown,Texas Plugerville,Texas Elgin,Texas Cedar Park,Texas Leander,Texas, and all of Central Texas Area!  |  | | Georgetown,TX |
I am an experienced real estate agent with over 15 years. If you hire me as your real estate agent you will not be disappointed! I will assist you with all inspections for your home, pulling up sold comps in the area to make sure your buying at a good home at a good price, and helping you with the mortage end to make sure you get the best interest rate, all the way till you close on your home.Call Jodi MacHardy for all your real estate needs! I can be reached at these phone numbers: 512-496-4663 or toll free 888-763-0343 or email me at jodilin@earthlink.net or soldbyjodi@earthlink.net. I look forward to hearing from you! - Jodi MacHardy's Team
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.
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| Q |
Where can you find the world's largest residential palace?
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| A |
The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage. |
See More Real Estate Trivia > |
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Jodi MacHardy's Team Coldwell Banker United Realtors 13376 Research Blvd., Suite 120 Austin, TX. 78750 Toll Free: 888-763-0343 Cell: 512-496-4663 Fax: 254-526-0375 Email: jodimachardy@NUMBER1EXPERT.com
I have been a real estate agent in Central Texas for over 15 years. Ever since I was featured on the cover of Real Estate Magazine at the age of 29 I have been committed to providing my customers with the best customer service available and a no-holds barred approach towards getting my clients the best deal possible. I work hard so you don't have to!!!
Some of my achievements include: Being recognized by Texas Real Estate Magazine as the most successful Realtor under 30, have consistently been a member of the multi-million dollar club, associated with the USAA Mover's Advantage Team, listed as one of the Dell Corporation's recommended Realtor's and more...
I am an experienced real estate agent with over 15 years. If you hire me as your real estate agent you will not be disappointed! I will assist you with all inspections for your home, compare prices of homes that have recently sold in your area to make sure your buying or selling your home at a good price, and helping you with the mortage end to make sure you get the best interest rate, all the way to closing on your home.Call Jodi MacHardy for all your real estate needs!
I can be reached at : 512-496-4663 and toll free 888-763-0343 or email me at jodilin@earthlink.net . I look forward to hearing from you  
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