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My Husband
and I Enjoy Off-Roading With Our Jeeps For Fun!
We Love To
Hike!
I was transferred to the Kansas City area from the Chicago, IL suburban area in the early 1980?s with my husband, so I understand the complexity, concerns and anxieties that go along with a long distance move. We live in the Kansas City suburbs with our two Australian Shepherds. We love to train and work our dogs! They love it too! We are avid walkers and have enjoyed trying geocaching. It?s fun to work with those GPS in town and out of town! We love to travel! We totally enjoy off-roading with our jeeps for fun! We enjoy the fabulous scenery and the incredible folks we meet on off-road trips. Of course, we enjoy travel via cruises too! Music is another big love--music soothes the soul! I believe in educating my customers so they ultimately make a well-informed decision.
My caring attitude, tenacity and knowledge about Kansas City?s real estate market will ensure that their move will be as smooth as possible! Keeping in regular communication throughout the entire process and all the behind-the-scenes-efforts are a few of my best attributes. I take the time to educate and inform clients about the market conditions, loan process, financing available, how to present a home and much more! I believe in keeping the client's best interests at heart. With my experience, you'll be glad I guided you through the transition! I?m involved with The Cyberprofessional Networking group across the country. Every member of that group has enjoyed many successful years in the Real Estate Field and we love using technology to help our customers and clients.
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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 celebrity home sold recently for a reported $5.5 million, despite its yellow-and-rust striped paint job?
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| A |
This Hollywood Hills residence was the former home of the popular singer, Madonna.
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- NUMBER1EXPERT™ 
