One Step Closer to Home!
Fayetteville, Hope Mills and Fort Bragg, North Carolina Real Estate Experts  As one of the Leading Fayetteville, Cumberland County area Real Estate Companies, Team Elite Realty. Net take a personal interest in each Real Estate transaction. It's no wonder that many of our clients soon become very close friends. Your search for Fayetteville and Hope Mills homes starts here. Whether it be Ranch, Two Story, Colonial, or One and One Half style homes, you can find it here. Being full time Realtors, we have extensive knowledge and expertise of Cumberland, Hoke, Harnett, Sampson and Moore County. If you are re-locating to this area, we can provide you with a "top of the line" re-location packet giving you great information about our communities and schools. Plus provide you with a map of the Fayetteville, Hope Mills, Spring Lake, Raeford and surrounding counties. Just email us your contact information and we will contact you immediately. We are proud to serve and assist our military community with their relocation to Ft. Bragg, NC. We are familiar with the needs of our soldiers and their families and hope to provide an easy and enjoyable experience. Fayetteville, NC is a strong supportor of the military and it was recently selected by Newsmax Magazine in their May 2009 edition as one of the Top Cities and Towns with the Best American Values. Stop driving around neighborhoods, sign-up now for our automated email alert. Just tell us what you're looking for and receive new MLS listings daily based on your search criteria, school district or neighborhood via email. You can find resources and information on our website relating to military relocation, schools, mortgage loans, things to do and local attractions, seller information, buyer information, and last but not least, your REAL ESTATE needs. We know you will find Cumberland, Hoke, Harnett, Sampson and Moore County as warm and welcoming as we do. Whether you are looking for small town charm, a military community, or an accessible city, Fayetteville, Raeford, Fort Bragg, Hope Mills, Sanford, or Spring Lake is waiting for your arrival. "Making it a great day and a little more like home at Team Elite Realty.Net"
TEAM ELITE REALTY.NET
2653 Hope Mills Road
Fayetteville, NC 28306
(910) 424-1600
Fayetteville NC Real Estate | Search Fayetteville MLS | Fayetteville NC Homes for Sale | Fort Bragg NC Real Estate | Search Fort Bragg MLS | Fort Bragg Military Relocation | Hope Mills NC Real Estate | Hope Mills NC Homes for Sale
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 private residence is considered the most expensive house ever built?
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| A |
The William Randolph Hearst Ranch in San Simeon, California cost over $30 million, equivalent today to $276,883,320. Bill Gates recently built a home for over $40 million.
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 See More Real Estate Trivia > |
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Team Elite Realty.net
Team Elite Realty.net
2653 Hope Mills Road
Fayetteville, NC 28306
Office: (910) 424-1600
Fax: (910) 424-6907
teameliterealty@NUMBER1EXPERT.com
Dreams, Memories, Family....
The role of a real estate agent is to guide you through the buying, selling or relocating process, taking the time to make sure you understand every step of the transaction. We are absolutely committed to fulfilling your needs with the highest level of professionalism, expertise and service. Our commitment to your satisfaction is the foundation from which a solid business relationship is built. One step closer to home....from our Team to your Family, making your dream come true.
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