Sellers Flat Fee of $2995 when one of our agents sells your home or if you want MLS (where you home is available for all Real Estate Agents to sell) then the best program TODAY is $1495 to us +3 % offered to Buyers Agent for bringing the buyer. When you understand how agents work you will clearly see why we sell 94% of our homes at or above asking price and why REAL ESTATE AGENTS would rather sell our homes than anyone else’s. The Real Estate Agent gets paid more and the seller saves over 63% on average.
Property Management for $50 Flat fee monthly
THOUSANDS OF HOMES.... One Address www.charlesstallions.com
Charles Stallions, CRS, CSP, CBR, CDPS, SREE, EREI - 800-309-3414
Charles is a Real Estate Investor of 25 years, a Real Estate Broker for over 15 years serving Pensacola, Pace and Gulf Breeze, Florida, an expert in the buying and selling of real estate, short sales and foreclosures. Whether you’re buying your first home, second home, vacation home, investing in rentals, a ‘kiddie’ condo for college or your dream home, buying any home is an investment in the future and you owe it to yourself to have Charles’s expertise to buy right, sell smart and make the right decisions for YOU. For an over the phone evaluation and NO Obligation CALL NOW! You have OPTIONS, we have FACTS, let’s TALK
We are seeing more first time home sellers now then ever. First time ever selling their home, and homes on the market for the first time in 30+ years. More often than not, homeowners preparing to sell their home in Santa Monica, and Los Angeles ask us what they need to know about the tax benefits of selling their home in Santa Monica. As always, please contact your tax professional to determine exactly how they apply to you.
One item that people are likely to forget, if you received the first-time homebuyer credit and within 36 months of the date of purchase the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year's tax return.
The IRS has recently issued a helpful list of 10 tax tips all homeowners should keep in mind when selling a home:
1. You are usually eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.
2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases).
3. You are not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home.
4. If you can exclude all of the gain, you do not need to report the sale on your tax return.
5. If you have a gain that cannot be excluded, it is taxable. You must report it on Form 1040, Schedule D, Capital Gains and Losses.
6. You cannot deduct a loss from the sale of your main home.
7. Worksheets are included in Publication 523, Selling Your Home, to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the gain that you can exclude.
8. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time.
9. If you received the first-time homebuyer credit and within 36 months of the date of purchase the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year's tax return.
10. When you move, be sure to update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS. Use Form 8822, Change of Address, to notify the IRS of your address change.
Kim And Kristine Halverson
Exclusive Representation of People & Their Properties
Prudential California Realty
3130 Wilshire Blvd Suite 100
Santa Monica, CA 90403
Short Sales, Luxury: www.ShortSaleInSantaMonica.com
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