One of biggest benefits for home owners and sellers is the ability to exclude $500,000 ($250,000 for single filer) profit from capital gains tax if they have lived in their home for 2 out of 5 years. There was talk about changing that time period in the new tax bill. But that break has been retained as is. So you could purchase a home, live in it for 2+ years, sell it for a profit up to $500,000 and have that excluded from your taxes. As always, when making decisions about tax planning, consult your tax adviser or an accountant.
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Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com
with "Home Loan Report" in subject field and I'll send it right over.
Also….check these out??
Denver Home Finder Service
Denver Home Seller Service