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There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 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 us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Punta Gorda, Port Charlotte and Charlotte County area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
Where are church services held in the water each Sunday during July and August?
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| A |
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. |
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Sandra's Team
RE/MAX Palm Realty
4200 Tamiami Trail Suite D
Port Charlotte, FL. 33952
Cell: 941-276-6670
Office: 941-206-2388
Fax: 941-206-2389
Email: Saundraosorio@gmail.com
Sandra Osorio is a multi-lingual and multi million dollar realtor! With an extensive real estate background and excellent knowledge of the area The Sandra Osorio Team is your best choice for your real estate needs! Se Habla Espanol, Falo Portuguese, Parlo Italiano! Buy or Sell with the Sandra Osorio Team and receive a Cruise Certificate for two! Learn more at www.SandrasTeam.com!    
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