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All agents are NOT alike! Find out why we are top real estate experts. Call us: Buyers Hotline 585-279-8210 or Sellers Hotline 585-261-6070.
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"Couldn't have bought with out them!" We wanted to buy a home but were still in a lease that we could not get out of. Everyone said we had to wait to buy a home, they made it happen!" -Greg S. Read Quote > View All Quotes >
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There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Interest rates, zoning and tax laws, new ways to market your home and enhance its value... We can help you keep up with all the changes. As top real estate agents it's our job to stay informed, and to know how to handle every buying or selling situation. Sign up for our periodic real estate newsletter, and we'll keep you up to date. It is free and without obligation...

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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| Q |
In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts?
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| A |
Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen. |
See More Real Estate Trivia > |
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Sal, Nunzio and Davide Salafia RE/MAX Plus 2171 Monroe Ave Rochester, NY 14618 Buyers Hotline: 585-279-8210 Sellers Hotline: 585-261-6070 Fax: 585-279-8227 SalafiaOnline@yahoo.com
We are Experienced, Knowledgable and Committed to providing you the excellent Customer Service you expect! Our Team Sells more Homes in Rochester New York and Monroe County than any other Realtor. We have been the #1 Agent in New York State for the past 17 Consecutive Years. Selling A Home In Rochester New York? Buying A Home in Rochester New York? Call us! You have just found Rochester New York's Top Realtor!* We have been The top Re/max Team for the longest consecutive years!
*All claims based on homes sold $70,000 and above.
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