All agents are NOT alike! Find out why I am a top real estate expert. Call me: 609-504-8185.
Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
Bright and open 2 Floor loft unit featuring skylights in living room, newer range & dishwasher in kitchen, master bath features cathedral ceiling, 2 skylights and 2 closets and a balcony w/storage shed.
3 Bedroom, 1 bath ranch w/full basement, Updated kitchen, walk-up attic for storage, hardwood floors under carpeting, rear deck, shed,4 yr new vinyl tilt windows, Pella bay window, roof 12 years old...great home for the $$
2 Story colonial in High Pointe featuring 3 bedrooms, 1 1/2 baths, all new stainless appliances in kitchen, newer roof (3-4 years), nice yard w/6ft. privacy fence. Shed and attic for storage! Great neighborhood!
Listing Agent and Office: Stephen Wible, Keller Williams Realty-Cherry Hill
Below Market Value! This pristine 3 Bedroom unit is in showroom condition! Do not be fooled, this is a very large townhome in a prestigous development.
"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
- NUMBER1EXPERT 
