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Carmela, Jason and Jonathan Kaiser
is one of The Top Selling Real Estate Experts Find Out More > |
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Welcome > Exclusive Buyer's Agency ...
Why understanding "Agency" is the first step toward success... "Agency" in real estate refers to the nature of the fiduciary responsibility that exists between you and the real estate professionals you choose to work with. In New York State, a real estate agent always works for the SELLER unless you have a written agreement which states that the agent works for you. We can help you purchase the best home at the lowest cost when we work for YOU as an Exclusive Buyer Agency. We will represent you, the homebuyer & we will save you money! We represent only you, the buyer, with 100% loyalty to you and your interests. This arrangement will provide the best chance for the best possible deal with no conflict of interest. What are the fees for this type of relationship? The Carmela Kaiser Team proudly charges no fees for Buyer Representation Services. We are paid from the proceeds of the transaction. Once a Buyer is ready to work with us, we do ask two things. First is to sign the Long Island Board of Realtors standardized Exclusive Buyer Broker Agreement. Secondly is to work with a lender to obtain a Pre-Approval as soon as possible. We look forward to working FOR YOU. Please call us today. 
Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.
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| Q |
What real estate board game became the best-selling game in America just one year after it was created?
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| A |
Charles B. Darrow invented Monopoly in 1934, to cheer himself up while unemployed during the Great Depression. Monopoly is now the most popular board game in the world and has sold over 200 million copies. |
See More Real Estate Trivia > |
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