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BUYERS CHOOSE US! 3 masters degrees, negotiation and mediation training give YOU the advantage! Call us: 703-969-0410
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FREE Daily Email of bargains - short sales, preforeclosures, foreclosures, or fixer-upper/rehab/needs work/as-is.
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"Extremely happy with service & results!"
"Vast knowledge of the real estate business and eagerness to help even when we were calling multiple times a day!"
Donald & Dusty McKinnon, Lake Ridge & Montclair
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Jim and Deanna Gilbert are some
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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You!
 It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. When you click on any link above, you'll see your chosen site, along with a form at the bottom of your screen. Use this form to request our quick Status Report on any homes or other real estate that interests you. It's free and without obligation. Remember: As top Lake Ridge, Manassas, Gainesville/Bristow area Realtors, it's our job to know more about a property than any web site. Make sure you have the most current information!
Tax Considerations >Tax Implications of Selling Your House Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
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| Q |
What is the largest city square in the world?
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| A |
Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres. |
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FEATURED PROPERTY
15212 WENTWOOD LN
STUNNING 3 LV.3+bedrooms. UPDATED REFRIGERTAOR,STOVE DISHWASHER. NEW WASHER & DRYER, FRESHLY PAINTED,NETURAL CARPET, LOVELY LANDSCAPE YARD, WALK-OUT LOWER LV./REC.RM W/FIREPLACE/FULL BA/BR.PRIVATE FENCED YARD BACKING TO TREES W/HUGE DECK.Near VRE,I-95,QUA
Location: Foreclosure Properties , Woodbridge
Price:
$194,900 Bank Owned
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- NUMBER1EXPERTS™ 
