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Inspired Real Estate 423-289-0030 or my cell phone at 423-312-4488.
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For Home Sellers:
My Unique Sellers Approach - Why home sellers in Morristown, Dandridge and Jefferson City choose Rhonda Krenzer. Free Presentation - Free in-home listings presentation on marketing your Morristown, Dandridge and Jefferson City, in Hamblen County Tennessee property. Property Valuation - How much is your Morristown, Dandridge and Jefferson City home worth? What Did That Home Sell For? - What did that Morristown, Dandridge and Jefferson City, Tennessee property or other real estate sell for? FSBO - Selling your Morristown, Dandridge and Jefferson City real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Morristown, Dandridge and Jefferson City Homes, For Home Buyers, For Home Sellers, Morristown, Dandridge and Jefferson City Information, Real Estate Resources, and About Rhonda Krenzer.
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Tax Considerations >Beneficial Tax Laws American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.
Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.
Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.
Consult your tax advisor for advice regarding your particular circumstance.
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What are the financial benefits of having a home near a body of water?
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The mere presence of water within 300 feet increases a home's value by 22 percent. |
 See More Real Estate Trivia > |
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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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