Welcome. Whether you're selling or buying, The Crockett Team will provide you with the very best in real estate counsel and service!
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Selling a home? It doesn't matter whether it's a 'Buyer's Market' or a 'Seller's Market', there is always fierce competition among the houses on the market for those ever-so-few qualified buyers who are out looking. Sellers need aggressive, effective Marketing Experts to direct those buyers to their property in order to get their property SOLD at their price and terms. That's why The Crockett Team is the overwhelming choice for people who want to get moving in Lake and Geauga Counties. Looking to buy a home? How exciting! Buying a home should be a fun adventure but it can be confusing at times what with all of the options and decisions to be made. The team of professional Buyer Specialists on The Crockett Team provides the very best in real estate counsel and service with an intimate knowledge of the homes available or coming available, financing and all the other details necessary to get to 'moving day'. Our buyer clients benefit from their excellent negotiation skills that give them a decided advantage in the marketplace. If you're just starting to do some initial research in the home-buying process or prefer initially to do your own research on available homes, we suggest that you log on to www.ClevelandHomeFinder.com. This site will automatically email you information on properties that meet your specific criteria. There's no cost or obligation for this service! Once registered, you never have to log on again (unless you want to modify your search criteria) and the system will automatically email you information on homes meeting your needs as they hit the market. You'll never have to worry about missing your dream home or bother with the many confusing and incomplete real estate sites. When you want to see a property or need more information, all you have to do is 'click' where indicated on the emailed property information screen or call us directly at 440-974-7444 and we'll jump into action. Our Buyer Clients just love this service! During both the selling and buying process, our dedicated administrative team works in concert with our Marketing Experts and Buyer Specialists to ensure that from start to finish you will enjoy the experience while being fully communicated with and professionally serviced along the way. Buying and selling a home is one of the biggest events of your life. Make it a great and stress-free experience by working with the very best in real estate. Call The Crockett Team at 440-974-7444.  |
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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| Q |
What is currently the most technologically advanced way to vacuum your home?
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| A |
The self-propelling Dyson DC06 scans and maps a room with sensors and is controlled by built-in computers that prevent it from falling downstairs. |
 See More Real Estate Trivia > |
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