Phoenix, Scottsdale, Gilbert and Chandler real estate and homes for sale in Arizona - Chris Harvey, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
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Chris Harvey

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All agents are NOT alike! Find out why I am a top real estate expert. Call me anytime at (602)703-5757.

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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Chris Harvey, a proven Phoenix, Scottsdale, Gilbert and Chandler, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

  • Find Phoenix, Scottsdale, Gilbert and Chandler Homes - Find Phoenix, Scottsdale, Gilbert and Chandler, Arizona real estate listings & homes for sale provided by Chris Harvey, your local expert real estate agent.

  • For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Chris Harvey, a proven Phoenix, Scottsdale, Gilbert and Chandler, Arizona 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 Chris Harvey, a proven Phoenix, Scottsdale, Gilbert and Chandler, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

  • Phoenix, Scottsdale, Gilbert and Chandler Information - Find local information on Phoenix, Scottsdale, Gilbert and Chandler, Arizona including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Chris Harvey, 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 Chris Harvey, a proven Phoenix, Scottsdale, Gilbert and Chandler, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

  • About Chris Harvey - Information about Chris Harvey including testimonials, guarantees, credentials, and contact information. Learn why Chris Harvey is a proven Phoenix, Scottsdale, Gilbert and Chandler, Arizona NUMBER1EXPERT™ Top Selling real estate agent.

 

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Real Estate Tips
Tax Considerations >Tax Rewards for Homeowners

The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.

Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.

The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.

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Real Estate Trivia
Q 
In what U.S. home can you find the world's largest refrigerator magnet collection?

A 
Louise Greenfarb of Las Vegas, Nevada has 35,000 unique fridge magnets that she has been collecting since the 1970's.
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Chris Harvey, REALTOR®, real estate agent and broker for Phoenix, Scottsdale, Gilbert and Chandler, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Chris Harvey
West USA Realty

4505 East Chandler Blvd., Suite 200
Phoenix, AZ 85048
602-703-5757
Fax: 480-413-9069
ChrisHarvey@NUMBER1EXPERT.com


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