This is the site for comprehensive, current information on Morristown, Dandridge, and Jefferson City, Tennessee Real Estate.
Changing homes can be exciting, challenging, fun and rewarding. It can also be complex and stressful. That’s where we come in. From making the decision to relocate to getting you comfortably settled into your new home, my team is committed to making your moving experience enjoyable and hassle free.
I know this locale from the roots up, the property values, the amenities, which homes are coming up for sale, and anything else you may wish to know about the neighborhoods. Earlier experience in construction, residential and commercial development has made real estate a natural progression for me.
My goal is to provide the finest real estate service in our area.
Quality before quantity.
This website is designed to help you gather information and make an educated and well-informed decision when you decide to buy or sell property.
If you are new to the Morristown area be sure to check out the "Local Info" section that offers loads of information on schools, neighborhoods, the local economy and, of course, the current state of the real estate market.
If you are in the market to buy a home, check out our "For Buyers" section that offers some great information on the home buying process including tips on moving. Sign up to get the hottest new listings emailed to you as soon as they become available.
My "For Sellers" section provides plenty of advice on how to properly prepare your home for sale to ensure the best price possible and you can obtain a free market analysis of your property to help you determine it’s current value.
You won’t go wrong if you choose me to represent you in buying or selling your home or property.
I love my work and I am good at it. This shows in each and every transaction.
Rhonda
Tax Considerations >Tax Implications of Selling Your House
Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
Rhonda Krenzer, ABR, CRS, GRI, MBA, Broker RE/MAX Real Estate Ten 525 West Morris Blvd. Suite F Morristown, TN 37813 Office: 423-289-0030 Fax: 423-587-9450 Cell Phone: 423-312-4488 Email : Info@rhondakrenzer.com
“My prescription for success is pretty simple. Just combine equal amounts of determination, focus and hard work and practically anything is possible. This is the approach I use with my family and my clients.”
Rhonda Krenzer, ABR, CRS, GRI, MBA, Broker
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Morristown, Dandridge and Jefferson City, Tennessee
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