|
All agents are NOT alike! Find out why we are NUMBER1EXPERTS!. Call us: 800-317-5903.
|
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
Dee, Cowles and Pam
are one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Appreciated Expertise
"It's hard to believe that just two months ago I listed my house with you and here I am in my dream home. I truly appreciate your expertise and efforts exerted to make the transition a smooth one. I realize I'm not your only client! Thank you so much for everything you've done for me…"
GS, Seller & Buyer
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
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.
|
| Q |
What is considered one of the few remaining tax shelters in the 1990s?
|
| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
 See More Real Estate Trivia > |
|
|
Dee, Cowles and Pam
Your Lynchburg Real Estate Team
Coldwell Banker Forehand
2508 Langhorne Road
Lynchburg, VA. 24501
Toll Free: 800-317-5903
Dee and Cowles: 434-841-8757
Pam: 434-665-1740
Fax: 1-866-526-2540
Dee: Dee@deemeredith.com
Cowles: Cowles@cowlesmeredith.com
Pam: Pam@pamschoenleber.com
As America's NUMBER1EXPERTS [TM] in the Lynchburg area, Dee, Cowles and Pam - Your Lynchburg Real Estate Team's business philosophy is based on uncompromising integrity. They are committed to doing things the right way and are well equipped to guide you through all of your real estate needs - whether buying or selling. Make your move with Dee, Cowles and Pam - Your Lynchburg Real Estate Team. Call or email them today!
http://www.lynchburg-homes.com is brought to you by Dee and Cowles Meredith and Pam Schoenleber America's #1 real estate agents for the Lynchburg area including the city of Lynchburg, Forest, Goode, Bedford County, Campbell County, Amherst County, Appomattox County and Nelson County.      
www.Lynchburg-Homes.com is brought to you by
Dee, Cowles and Pam
NUMBER1EXPERT™ in real estate for
Lynchburg, Forest and Bedford County, Virginia Read Dee, Cowles and Pam's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
