|
All agents are NOT alike! Find out why I am a top real estate expert. Call me at: (301)-616- 5472
|
Get Free Presentation On My Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
Lisa Goodfellow
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Why Choose Lisa Goodfellow?  Lisa has been a Deep Creek Lake Realtor since 1986. Over the years, her focus on the highest quality client and customer service has launched her into being a consistent top producer. She has achieved recognition repeatedly over several years by The Realty Alliance, in recognition of exceptional performance ranking in the top 1% of all residential Real Estate Professionals in America. Another reason to choose Lisa is that she knows what it was like to come from a city and choose Deep Creek Lake! Yes, I was a tourist visiting Deep Creek Lake at one time, just like you. I lived in the Los Angeles area, came once a year to visit my brother who was doing his residency at Johns Hopkins in Baltimore. Formerly, I was an RN in Redlands, Ca. I moved to the East coast to be closer to my brother & his family. Mom & Dad would visit, we rented "Treetop" on Lake Shore Drive when a jacuzzi in the bathroom was really hot stuff. We have photos boating with the old iron bridge in the background. We sat on the shoreline when they tore the bridge down. Deep Creek always felt like Lake Tahoe, like Lake Arrowhead & Big Bear in California. There was no question in my mind, that the real estate growth and appreciation was going to happen with an ongoing demand for an escape from the city. What other 4-Season Resort is there so easily accessible from the surrounding metropolitan areas ? |  | | | | |
 Lisa represented Jim & Margaret McManus (aka: Jim McKay, ABC Wide World of Sports Commentator -world renowned for his coverage of the tragedy at the Munich Olympics) in their Deep Creek Lake purchase. They felt that a home in Deep Creek Lake, away from their permanent home with the summer humidity, was a convenient summer retreat from Monkton, MD.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
|
| Q |
What information does nearly every state in America require the seller of a home to reveal to the buyer?
|
| A |
Most states require disclosure of any existing problems or conditions that could affect the value of the house. |
 See More Real Estate Trivia > |
|
|
Lisa Goodfellow
Goodfellow Real Estate Services, LLC
19567 Garrett Highway
Deep Creek Lake
Oakland, MD 21550
Cell: 301-616-5472
Office: 301-387-5472
Fax: 301-387-3379
Lisa@GoodfellowDCL.com
Specializing in Deep Creek Lake, Maryland since 1986! The pursuit of the vacation home, future retirement or rental investment is a wonderful opportunity. Specializing in helping you find your Deep Creek Lake property with over 22 years of experience in the Second Home Market, I FOCUS on client and customer service.    
www.lisagoodfellow.com
is brought to you by
Lisa Goodfellow
NUMBER1EXPERT™
in real estate for
Deep Creek Lake, Maryland,
Lakefront Properties, Vacation Homes, Rental Investment
Properties Read Lisa Goodfellow'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.
|
-
NUMBER1EXPERT™ 
