Category Archives: Informational
Avoiding Gapital Gains Tax on the Sale of Your Home
Worried about taxes eating away too much of the profit on your home? Under a law enacted about ten years ago, a married couple filing jointly usually can exclude as much as $500,000 of their gain. For someone who is single or married and filing separately, the limit is $250,000.
To qualify for the full exclusion, you typically must have owned the home and lived in it as your primary residence for at least two of the five years prior to sale.
This exclusion applies only to your primary residence. Even someone who couldn’t pass those tests might qualify to exclude most or all of the gain under certain circumstances. The seller may be eligible for a reduced exclusion if that person had to sell because of a “change in place of employment”, health reasons or “unforeseen circumstances.” What are unforeseen circumstances? Examples cited by the Internal Revenue Service include divorce, death, or “multiple births resulting from the same pregnancy.”
Some think they’re required to buy a new home to qualify for this home-sale gain exclusion. That’s wrong. They’re probably thinking about a law that was repealed about a decade ago, under which you could defer tax on the gain on the sale of your home by rolling over the proceeds into a new home that cost as much as, or more than, the old one. Congress eliminated that law, in part because it was viewed as unfair to people who wanted to downsize and buy a less expensive home or to sell and move into a rental. Contact Patrick Warholic, your Folsom, El Dorado Hills, and Granite Bay Realtor for details.
Folsom Luxury Homes and Land Specialist
Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply astound you. You can even search by using the new Google Map search, with community search parameters, and even do a home search for energy saving features too. Are you looking for great real estate deals, short sales, or bank owned properties? With this powerful home search engine that information is right at your fingertips now.
California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Check This Out: Food 411 Dot Com
Imagine a huge, searchable directory of food-related websites. For example, the Food Reads section is divided into magazines, books, blogs, and recipe sites.
For everything on the Web related to online food shopping opportunities; gourmet foods online, ingredients, recipes, regional specialties, food blogs, unique food gifts, and meals delivered–each and every listing has been carefully reviewed & hand-selected.
So for a great food resource, go to: www.food411.com
Brought to you by California Home Network,
Folsom Luxury Homes and Land Specialist
Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply astound you. You can even search by using the new Google Map search, with community search parameters, and even do a home search for energy saving features too. Are you looking for great real estate deals, short sales, or bank owned properties? With this powerful home search engine that property information is right at your fingertips now.
California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
11 Things Every Young Child Should Know About Money
What you want your child to know about money depends on your personal values. Here are some concepts that are recommended for our children to understand:
- Spending, saving and sharing are ways to use money.
- Saving allows you to buy something in the future because you don’t have enough money today.
- People have a limited amount of money to spend.
- Money can be spent only once-after you buy something you need more money to buy something else.
- Planning helps people set goals and make choices about money.
- People do some things for each other without being paid.
- People give money to help others.
- People pay for things in different ways.
- Some things do not cost any money.
- People in a community share the cost of some work done for everyone.
- Paper money and coins are worth different amounts.
Folsom Luxury Homes and Land Specialist
Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply astound you. You can even search by using the new Google Map search, with community search parameters, and even do a home search for energy saving features too. Are you looking for great real estate deals, short sales, or REO bank owned properties? With this powerful home search engine, that information is right at your fingertips now.
California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Excited about the New Home, Adjusting to a New School
You are excited about your new home but just as important is your children settling into their new environment. A new school is important both academically and socially. The best way to help children start well is to register before school starts, if possible, to be sure any curriculum problems can be ironed out ahead of time
- Before school starts. Communication with the school administration should start as early as possible by mail or while visiting the destination area on a house-hunting trip. Take the child by the school and walk around, check in the classrooms and where the restrooms are located. Those coming from gifted or other special programs or magnet schools, check with the school secretary on extracurricular activities.
- During the school year. If the move is during the school year, parents should check back with the school and monitor their children’s work to be sure they are adjusting well and are in the correct levels or classes. But don’t expect disaster. Often “new kids” are a popular novelty during the year, and nothing beats the bus for making new friends.
- Making friends is important. A good social adjustment at the start is just as important as academic adjustment – especially for junior high or middle school students. While a teacher may assign a buddy for the new child for the first few days in elementary school, junior high students are often left to fend for themselves. Parents can help by making a point of finding at least one schoolmate for their child and arranging a meeting before starting school.
Check with your Realtor for your local schools and also neighborhood after school programs to meet other children.
Folsom Luxury Homes and Land Specialist
Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply astound you. You can even search by using the new Google Map search, with community search parameters, and even do a home search for energy saving features too. Maybe you are looking for a new home investment property. Well, now you can find great real estate deals with REO bank owned properties and short sale homes listed in the MLS directory. This information is right at your fingertips, and no registration is required.
California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Baby Einsteins Are they Smarter?
The claim always seemed too good to be true: park your infant in front of a video and, in no time, he or she will be talking and getting smarter than the neighbor’s kid.
Researchers find that these products may be doing more harm than good. Forty Percent of babies are regular viewers of DVDs, videos or television; by the time they are two years old, almost 90% are spending two to three hours each day in front of a screen. We know that watching television delays language development while children who got daily reading or storytelling time with their parents showed an increase in language skills.
Keep in mind though, the popular baby videos and DVDs were designed to stimulate infants’ brains, not necessarily to promote language development the one thing that babies need in the first months of life – face time with human beings. “Every interaction with your child is meaningful, time is precious in those early years, and the newborn is watching you, and learning from everything you do.” So just talk to them; they’re listening.
Folsom Luxury Homes and Land Specialist
Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land. Find the home of your dreams.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free, no registration required, MLS home and property searches with amazing home search results at your fingertips, along with its ease of use, no registration required advanced home search features that will simply astound you. You can even search by using the new Google Map search, with community search parameters, and even do a home search for energy saving features too.
California Home Network also provides free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Learn how how you can be mortgage free in 8 to 11 years without re-financing. Ask for your free House Payment Free analysis.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
