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Kari Christ did an Excellent job...

Kari Christ did an Excellent job as our Realtor and I would recommend her to anyone. Kari is very knowledgeable in her field and always seemed to be right on top of things. She gave the sale of our home close and personal attention, and we couldn't have been happier with her. (2009) 

Rob Field

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Real Estate Tips
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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Real Estate Trivia
Q 
1992 marked the first year since before the Civil War that there were fewer than 2 million ________ in the United States?

A 
There are fewer than 2 million farms, and agricultural land is still being carved up for residential and commercial uses.
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The Christ Team, REALTOR®, real estate agents and broker for Georgetown, Round Rock and Austin, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

KARI CHRIST w/ THE CHRIST TEAM
Keller Williams Realty

823 S. Austin Avenue, Georgetown, TX 78626
Phone: 512-863-2220
Direct: 512-784-8181
Fax: 512-868-6917
Email: Kari@KariChrist.com

You will love the home buying or home selling experience because we'll do it together! Real Estate is our passion and it never grows old because every client is unique, every client has different wants, different needs, different styles, different personalities. What fun!

TRUST is what we build our relationships on both in our personal lives and our professional lives. We live by the GOLDEN RULE and we want it show vividly in everything we do!

Those who have worked with us know that we listen, and what is important to YOU is important to us. We realize that little things can make a big difference.

We realize you have many choices when it comes to Real Estate Agents, and we will strive to not only meet your expectations, but to exceed them.

Give us a call or drop us an email today.


Accredited Buyer’s Representative Certified Residential Specialist Graduate Realtor Institute Accredited Staging Professional REALTOR



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