|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 310-899-3527.
|
Get Free Presentation On Our Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
"..but your personal service..."
"I know a lot about real estate myself having invested for many years, but your personal service is a whole new experience for me..."
-Leo Brunin, former 20th Street resident
Read Quote >
View All Quotes >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
|
|
|
For Home Buyers:
Why Buyers Choose Pence Hathorn Silver - Why homebuyers looking for a real estate agents in the Santa Monica, Pacific Palisades and Brentwood area choose Pence Hathorn Silver. Latest Listings - Get Pence Hathorn Silver's latest Santa Monica, Pacific Palisades and Brentwood listings of homes for sale first! Find Your Perfect Home - Pence Hathorn Silver will search for your ideal home and email you the newest Santa Monica, Pacific Palisades and Brentwood MLS listings of properties in Los Angeles County CA. First Time Homebuyers - Are you a first time homebuyer in Santa Monica, Pacific Palisades and Brentwood, CA? Choose a top real estate agents. Pence Hathorn Silver can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Santa Monica, Pacific Palisades and Brentwood house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Santa Monica, Pacific Palisades and Brentwood Homes, For Home Buyers, For Home Sellers, Santa Monica, Pacific Palisades and Brentwood Information, Real Estate Resources, and About Pence Hathorn Silver. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
|
|
| Q |
Where is the world's largest bridge located?
|
| A |
Lake Pontchartrain Causeway at New Orleans, Louisiana is the world's largest bridge. It is almost 24 miles long. |
 See More Real Estate Trivia > |
|
|
Charles Pence,John Hathorn,Loraine & Brett Silver
Coldwell Banker Pence Hathorn Silver
1531 Montana Ave
Santa Monica, CA 90403
310-899-3527
Fax: 310-458-5901
jh@phsrealty.com
Charles Pence, John Hathorn, Loraine Silver and Brett Silver have served the Westside for over 30 years and have over 60 years of combined experience. They are in the Top 1% of all real estate agents nationwide garnering various Coldwell Banker awards such as the Top 100, International Presidents’ Elite and Society of Excellence awards. To date, they have represented, brokered or handled transactions in excess of $2.6 billion since 1978.
Charles Pence-Lic. #00670728
John Hathorn-Lic. #00960182
Loraine Silver-Lic. #00800114
Brett Silver- Lic. #01193551
www.PHSRealty.com
is brought to you by
Pence Hathorn Silver
NUMBER1EXPERT™
in real estate for
Santa Monica, Pacific Palisades and Brentwood, California,
luxury properties Read Pence Hathorn Silver's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
-
NUMBER1EXPERT™ 
