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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 405-330-2626.
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Get Free Presentation On My Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
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Charles Tritthart is one of The
Top Selling Real Estate Experts™
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Buyers Want Your Home for As Little As Possible. Quickly Find Out What It's Really Worth, by Email, for Free.  Are you thinking of selling your Oklahoma City, Edmond and Deer Creek home? You should know exactly what it's worth before making such an important decision. Let me do a quick "Comparative Market Analysis" for you, for free, and with no obligation. Also known as a CMA, this analysis compares your home to others that are currently on the market and to those that have recently sold. As a top real estate agent, I determine the value of Oklahoma City, Edmond and Deer Creek, Oklahoma area homes daily. Using the information you provide below, I can perform a quick market analysis, and give you a free estimate of what your home is worth in today's market. Remember, market conditions can be different, even one Oklahoma City, Edmond and Deer Creek neighborhood to the next. I know how to take all these factors into account when determining the true market value of your home. This service is completely free and without obligation. There are absolutely no strings attached. Why? I want the chance to show you my expertise as a top Oklahoma City, Edmond and Deer Creek real estate agent. Please provide me with some basic information on your home. What's your home or property really worth? Accurately pricing Oklahoma City, Edmond and Deer Creek real estate is my job! Let me do a market analysis for YOUR property. There's no obligation, it's FREE, and I promise to get back to you quickly...
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 |
What is the most unusual maintenance project done once each year in the United States?
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| A |
The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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