Montclair, Glen Ridge and Verona real estate and homes for sale in New Jersey - Joyce Slous, REALTOR® Joyce Slous REALTOR(r) for Montclair, Glen Ridge and Verona, New Jersey real estate - NUMBER1EXPERT™ Joyce Slous NUMBER1EXPERT(tm) for Montclair, Glen Ridge and Verona, New Jersey real estate
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Local Real Estate Market: Montclair, Glen Ridge and Verona New Jersey home buying, real estate listings, and homes for sale in Essex                          County, NJ
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The Real Estate Market is Still Hot in Our Area
 

Many homes are still seeing multiple bids and many buyers are taking advantage of low interest rates. It may be a seller's market; however, buying a home now may be the smartest decision you ever make. 

Call me anytime to discuss your particular home finding needs. I'll make sure that you get the best value for your money! Call 973-509-3011 

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Real Estate Tips
Tax Considerations >Taxpayer Relief

Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.

Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.

Consult your tax advisor for advice regarding your particular circumstance.

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Real Estate Trivia
Q 
What weighs 320 tons and is considered the largest single block building?

A 
Pyramid of Mycerinus (Third Pyramid) at El Gizeh, Egypt is the largest single block building and the world's oldest pyramid.
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Joyce Slous, REALTORŪ, real estate agent and broker for Montclair, Glen Ridge and Verona New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Joyce Slous
Schweppe Burgdorff Realtors Montclair Real Estate

736 Valley Road
Upper Montclair, NJ. 07043
Phone: 973-509-3011
Phone 2: 973-233-2300
Fax: 973-744-7679
Email: JoyceSlous@NUMBER1EXPERT.com

Beginning her 25th year in the business is a strong reason that Joyce is able to assist you with all your real estate needs! High energy, great service, a terrific sense of humor and a wonderful ability as a consultant are a few of the reasons that Joyce has such a loyal following in the area. "JustJoyce" is all you need for a great real estate experience!!

REALTORSRES


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