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Request Our Free Relocation Package. Don't Move To Fayetteville, Fort Bragg, Hope Mills and Sanford Without It!  Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate to and from the Fayetteville, Fort Bragg, Hope Mills and Sanford, North Carolina area. If you will be moving to the Fayetteville, Fort Bragg, Hope Mills and Sanford area, we can correspond by email and phone. Together, we'll determine what type of home, price range, and neighborhoods you are interested in. We'll send you every home or property that is currently available that matches your criteria. When you visit, we'll be ready! We will visit the Fayetteville, Fort Bragg, Hope Mills and Sanford neighborhoods and homes that interest you the most. In addition, we can talk about schools, sub-divisions, local market conditions, local culture... anything that is important to you. Remember: As top Fayetteville, Fort Bragg, Hope Mills and Sanford real estate agents, it's our job to know this area inside and out, and we want to make your transition as smooth as possible. To get started, fill out the form to request our FREE Fayetteville, Fort Bragg, Hope Mills and Sanford, North Carolina Relocation Package. We'll send it right out. It's full of useful and important information about this area. You are under no obligation, so you can't go wrong...  Are you new to the area? Request our FREE package of Fayetteville, Fort Bragg, Hope Mills and Sanford relocation information. It's our job to help! There's no obligation, and we promise to respond quickly... 
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 island was sold to Peter Minuit by the Indians for goods valued at 60 guilders ($24)?
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| A |
Peter Minuit arrived with a group of Dutch settlers in 1626 and purchased what is now known as Manhattan. |
See More Real Estate Trivia > |
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The Weaver Team of Century 21 Weaver and Associates will co-operate with all agents from Townsend Real Estate, ReMax Choice, Peachtree Real Estate, Exit Realty, Coldwell Banker Huff & Pennick, ERA Strother, and any other member of the Fayetteville Regional Multiple Listing Service.
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