Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from John DeSmedt, a proven Charlotte, Lake Norman and Concord, North Carolina NUMBER1EXPERT™ Top Selling real estate agent.
Find Charlotte, Lake Norman and Concord Homes - Find Charlotte, Lake Norman and Concord, North Carolina real estate listings & homes for sale provided by John DeSmedt, your local expert real estate agent.
For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from John DeSmedt, a proven Charlotte, Lake Norman and Concord, North Carolina NUMBER1EXPERT™ Top Selling real estate agent.
For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from John DeSmedt, a proven Charlotte, Lake Norman and Concord, North Carolina NUMBER1EXPERT™ Top Selling real estate agent.
Charlotte, Lake Norman and Concord Information - Find local information on Charlotte, Lake Norman and Concord, North Carolina including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by John DeSmedt, a proven NUMBER1EXPERT™ Top Selling real estate agent.
Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from John DeSmedt, a proven Charlotte, Lake Norman and Concord, North Carolina NUMBER1EXPERT™ Top Selling real estate agent.
About John DeSmedt - Information about John DeSmedt including testimonials, guarantees, credentials, and contact information. Learn why John DeSmedt is a proven Charlotte, Lake Norman and Concord, North Carolina NUMBER1EXPERT™ Top Selling real estate agent.

Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
|
 |
| Q |
What are considered the ideal conditions for a buyer's market?
|
| A |
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
See More Real Estate Trivia > |
|

|
John DeSmedt Keller Williams 19721 Bethel Church Road Cornelius, NC 28031 704-999-0896 Fax: 704-235-1901 JohnDeSmedt@NUMBER1EXPERT.com
I am a highly trained “Real Estate Specialist” with many years of valuable expertise. I deal with buyers and sellers from all walks of life and an assortment of needs.
My website provides excellent information on various topics and allows home buyers to sign up to receive all the latest listings in any area.
For home sellers I have developed a system which I refer to as the “Ultimate Home Marketing System". It has proven to be extremely successful in finding that qualified buyer.
I hope you will afford me the opportunity to sit down and discuss your real estate needs.   
www.JohnDsellshomes.com is brought to you by
John DeSmedt NUMBER1EXPERT in real estate for
Charlotte, Lake Norman and Concord, North Carolina Read John DeSmedt'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.
|