Carmela, Jason and Jonathan Kaiser
is one of The Top Selling Real Estate Experts™
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Welcome > For Sellers >
Short Sale/Pre Foreclosure For Sellers ...
Long Island Short Sale’s
Our changing economy has put home owners across the Island in the precarious position of trying to get out from under a mortgage that has become too much for their family to bear.
With a home on which they owe more than they can sell it for, they often feel trapped, pressured and without any viable options.
Sound familiar? We can help.
Working together we can find the right solution for you and implement it. With us, you always have an option and always have a choice.
If you or someone you know would like to find out more, please call us today. We are here to help.
As Short Sale Specialists:
We have the experience necessary to work with local and national lenders to negotiate viable options.
We understand the legal and financial complexities involved in such situations.
We have the compassion and determination to help you work through your difficulties.
We can be your advocates, your representatives, and your friends you can count on.
Please call Jason in complete confidence, 631.764.1422 or Carmela 631.379.1612  Ask us ANY question about selling your home or property. Or request our FREE in-home presentation of how we would market your property in Brookhaven Township, Smithtown Township and The North Shore! There's no obligation, and we promise to get back to you quickly...
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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 |
Where would you go if you wished to stay in the world's most expensive hotel room?
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| A |
The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night. |
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