Read What People Are Saying About Me I always ask my clients to write or email me, and tell me truthfully how they appreciated my service to them. Their feedback is so important! Here are a few highlights of what people are saying about me...
"Ken made it Happen"
"I couldn't have done it without Ken's encouragement, knowledge and resources."
Emmanuel Ochoa
"Our First Home"
Ken did what the other agent couldn't, close the deal!
"Aldo Aguinaldo"
"Satisfied Investors"
"We purchased our home sight unseen and were very impressed with outcome and return."
Dr. Richard Mecua and Dr. Elizabeth Mecua
You have a story to tell about me. You've worked with me, and I've helped you buy or sell a home. I need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell me how I did... 
Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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What price range is considered upscale or high-end in residential real estate?
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The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
