Christiansburg, Riner and Floyd real estate and homes for sale in Virginia - The Palmer Team, REALTORS® The Palmer Team REALTORS(r) for Christiansburg, Riner and Floyd, Virginia real estate - NUMBER1EXPERTS™ The Palmer Team NUMBER1EXPERTS(tm) for Christiansburg, Riner and Floyd, Virginia real estate
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The Palmer Team, REALTORŪ, real estate agents and broker for Christiansburg, Riner and Floyd Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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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Real Estate Trivia
Q 
What are the characteristics of classic Queen Anne architecture?

A 
Queen Anne homes are the most elaborate, romantic and feminine of all Victorian Homes.
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The Palmer Team, REALTORŪ, real estate agents and broker for Christiansburg, Riner and Floyd Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Palmer Team
Long & Foster Realtors

400 Roanoke Street
Christiansburg, VA, 24073
OFFICE: 540-382-1072
Joanne Palmer: 540-605-1072
Ricky Palmer: 540-605-1070
Darin Greear: 540-320-5859
Joanne Palmer: joanne@rinerva.com
Ricky Palmer: ricky@rinerva.com
Darin Greear: darin@rinerva.com

"We believe that our long-term success stems from building trusting relationships with our clients. Buying or selling property is a major event in most people's lives, both financially and emotionally. We strive to eliminate the stress by handling all of the details in a timely and professional manner, so our clients can relax and enjoy their experience. We want to have clients for life, so we try to exceed their expectations every day."

* The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Long & Foster REALTORSR are marked with the Broker Reciprocity logo (IDX) and detailed information about them includes the name of the listing broker.

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