Acworth, Kennesaw, Cartersville real estate and homes for sale in Georgia, foreclosures, short sales, Distressed Properties, Avoid Foreclosure and Stop foreclosure - Team Christine, Inc, REALTORS® Team Christine, Inc REALTORS(r) for Acworth, Kennesaw and Cartersville, Georgia real estate - NUMBER1EXPERTS™ Team Christine, Inc NUMBER1EXPERTS(tm) for Acworth, Kennesaw and Cartersville, Georgia real estate, foreclosures and short sales
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Team Christine, Inc, REALTOR®, real estate agents and broker for Acworth, Kennesaw and Cartersville Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
Tax Considerations >Tax Rewards for Homeowners

The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.

Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.

The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.

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Real Estate Trivia
Q 
What took over 30,000 workmen to construct and is considered the second largest palace in the world?

A 
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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Team Christine, Inc, REALTOR®, real estate agents and broker for Acworth, Kennesaw and Cartersville Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Christine &Team Christine, Inc.
RE/MAX Unlimited North

Cartersville Ga 30120
Direct: 770-386-0076
Cell Phone: 404-509-4255
Fax: 770-386-4005
christine@teamchristine.com
keith@teamchristine.com

For over a decade, Christine and her team have been serving the North Georgia real estate market. As one of the leading real estate teams in the area, Christine’s focus is on listening and acting on behalf of her clients’ special needs. Consistently ranked in the Top 1% of RE/MAX agents nationwide, Christine has been recognized by RE/MAX International with the RE/MAX Lifetime Achievement and Chairman’s Awards. She has recently been inducted into the RE/MAX Hall of Fame and Ranked in the TOP 100 Teams by Communities Magazine. Christine has attained the CDPE (Ceritfied Disressed Property Expert) GRI (GRADUATE OF THE REALTOR INSTITUTE), CRS (CERTIFIED RESIDENTIAL SPECIALISTS) and ePRO (CERTIFIED INTERNET PROFESSIONAL) designations, she consistently strives to further her education and professional skills by attending the latest real estate seminars and conferences. Recognized by top sales organizations in the industry, Christine has had the privilege to teach and coach her peers to advance the real estate profession. Christine is known in the industry as a skillful negotiator and progressive in her field. As a “Technology Team” that “Brings Home Results”, Christine’s team offers a unique perspective that is focused on exceeding customer satisfaction when buying or selling property. With sales experience that includes corporate sales, nationwide relocation, foreclosures and luxury homes, we bring highly specialized marketing, negotiating and problem solving skills to work for you. If you demand professionals with a high level of energy, enthusiasm and market knowledge that culminates with results, then look no further. We have proven experience to provide unparalleled ethical service beyond your expectations.

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