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 >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal 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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Rhonda Krenzer NUMBER1EXPERT™ in real estate for
Morristown, Dandridge and Jefferson City, Tennessee
- NUMBER1EXPERT™ 
