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Real Estate Listings - Alexandria, Fairfax, Arlington, Virginia, VA

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Need local real estate information? I've summarized much of what is important about the Alexandria, Arlington and Fairfax real estate market in this site.

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Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.

Buying and selling a home is one of the biggest events in your life. As a top Alexandria, Arlington and Fairfax real estate agent, I have the experience and track record you are looking for. Please let me help.

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School Reports in Alexandria, Arlington and Fairfax, Virginia

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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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Q	Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture?
A	Monticello, begun in 1769, was later enlarged in keeping with its classical forms.
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Steve Hawkins
Long and Foster Realtors
7202 Old Keene Mill Rd.
Springfield, Va. 22150
Direct - Cell: 703-909-3939
Steve@HomeSearchWebsite.com

Steve Hawkins has over 30 years of business experience to help people make their real estate dreams a reality. The chance to guide people through one of life’s biggest investments excites and challenges me. I represent each client’s individual desires and agenda throughout the real estate transaction while making it as easy as possible from beginning to end. My energetic and competitive nature assists me in negotiating a sale or purchase in my client’s best interest. I attribute my sustained success in real estate to my perseverance and commitment to each of my clients until they are completely satisfied with their real estate buying or selling experience. Allow me to join your team and together we will be sure to create a winning combination.

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