Groton, Ledyard and New London real estate and homes for sale in Connecticut, military homes - Linda Davis, REALTOR® Linda Davis REALTOR(r) for Groton, Ledyard and New London, Connecticut real estate, military homes - NUMBER1EXPERT™ Linda Davis NUMBER1EXPERT(tm) for Groton, Ledyard and New London, Connecticut real estate, military homes
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Linda Davis, REALTORŪ, real estate agent and broker for Groton, Ledyard and New London Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)
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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 me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. 

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Real Estate Tips
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.

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Real Estate Trivia
Q 
What was the first territorial acquisition made by the U.S. Government?

A 
The Louisiana Purchase from France in 1803 for $15,000,000 increased U.S. national territory by 140%.
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Linda Davis, REALTORŪ, real estate agent and broker for Groton, Ledyard and New London Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Linda Davis
RE/MAX Realty Group

8 Hurlbutt Road
Gales Ferry
CT 06335
860-464-2927
800-464-0448
fax: 860-271-8115
LindaCDavis@comcast.net

For the past 29 years, Linda Davis has helped hundreds of families with their real estate needs. She specializes in corporate and military relocations as well as new construction properties. Serving all of Southeastern Connecticut including New London, East Lyme, Old Lyme, Waterford, Salem, Norwich, Gales Ferry, Ledyard, Groton, Mystic, and Stonington, Linda offers a high-tech customer a service-oriented team ready to serve!

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RE/MAX Realty Group real estate and homes for sale in Groton, Ledyard and New London Connecticut

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