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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 >
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Find Out About the Latest Plano, Allen and McKinney Area Homes for Sale Before Anyone Else! We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the Plano, Allen and McKinney, Texas area MLS, and even later on the national listings web sites, if at all. By signing up to receive our latest listings, we'll send you an email notice instantly -- as soon as our latest homes for sale go online. You'll find out first, before other Plano, Allen and McKinney buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Get an email as soon as our new properties come on the market in Plano, Allen and McKinney! There's no obligation, and you can stop our emails with one click. Just fill out this form to get started... 
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Tax Considerations >Beneficial Tax Laws
American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.
Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.
Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.
Consult your tax advisor for advice regarding your particular circumstance.
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| Q |
What was the world's highest viewing platform before the opening of the Empire State Building in 1939?
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| A |
The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure. |
See More Real Estate Trivia > |
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The Texas Team RE/MAX Premier Properties 1 5501 Independence Parkway Plano, TX 75023 972-599-3309 Fax: 972-314-9434 charles@dallasreos.com
The Texas Team has sold over $500 million in residential real estate since 1998. Whether you are a buyer or a seller, you can count on us having only your interests in mind. We represent buyers and sellers all over the DFW metroplex and we specialize in all areas north of LBJ in Collin, Dallas, Denton and Rockwall counties.
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