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Thinking of buying or selling in Southeast Pennsylvania and looking for a GREAT experience? Call me at: (215)565-5335.
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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"His service is outstanding."
"As a small business owner, Paul truly understands the importance of excellent client service..."
Michael Cianci, CPA
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Paul Augustine
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Tax Considerations >Tax Implications of Selling Your House Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
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| Q |
What is the highest skyscraper hotel in the world?
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| A |
The Grand Hyatt Shanhai in Pudong, Shanhai, China occupies the top 35 floors of the 88-story Jin Mao Tower, which at 1,378 feet is the tallest building in China and the third tallest building in the world. |
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Paul Augustine
RE/MAX Centre
2701 York Rd.
Jamison, PA 18929
Cell: (215) 565-5335
Office: (215) 343-8200 x.115
PaulAugustine@NUMBER1EXPERT.com
Serving Southeast Pennsylvania, my areas of expertise are residential and investment real estate. Horsham, Hatboro, and Warminster are my core market areas. I am a life-long resident of Horsham, so I have an intimate knowledge of the Southeast Pennsylvania real estate market.
Southeast Pennsylvania has so much to offer, and each buyer and seller's individual needs are unique. My knowledge of the local market allows me to help my clients make informed decisions about where to move and when to move. If they are selling, I want to use my market expertise to help them sell for top dollar. If they are buying, I want to make sure they buy under the right terms and for the right reasons - I take a lot of time to tune in to their interests, wants, and needs to help them decide where to buy.
My professional designations and accolades include:
-Accredited Buyer Representative (ABR)
-Certified Distressed Property Expert (CDPE)
-Certified Residential Specialist (CRS)
-RE/MAX 100% Club (2006-Present)
With most of my business coming from repeat and referred clientelle, the primary focus for me is serving my clients during and after their transactional needs are met. Along with a network of excellent service and trade professionals, I oversee all the details of my clients move and give them a great experience!     
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