Millburn, Short Hills, Summit and Maplewood real estate and homes for sale in New Jersey - Wendy Drucker




Contact Wendy, a top selling Towne Realty Group agent at 973-204-0100 or at Wendydrucker.com

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Sitemap - For Buyers

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For Home Buyers:

  • Why Buyers Choose Wendy Drucker - Why homebuyers looking for a real estate agent in the Millburn, Short Hills, Summit and Maplewood area choose Wendy Drucker.

  • Latest Listings - Get Wendy Drucker's latest Millburn, Short Hills, Summit and Maplewood listings of homes for sale first!

  • Find Your Perfect Home - Wendy Drucker will search for your ideal home and email you the newest Millburn, Short Hills, Summit and Maplewood MLS listings of properties in Essex and Union County NJ.

  • First Time Homebuyers - Are you a first time homebuyer in Millburn, Short Hills, Summit and Maplewood, NJ? Choose a top real estate agent. Wendy Drucker can guide your home buying search.

  • Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Millburn, Short Hills, Summit and Maplewood house or other real estate or property.

  • Go to Main Sitemap - Main sitemap sections include Find Millburn, Short Hills, Summit and Maplewood Homes, For Home Buyers, For Home Sellers, Millburn, Short Hills, Summit and Maplewood Information, Real Estate Resources, and About Wendy Drucker.

 

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Real Estate Tips

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.

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Real Estate Trivia

Q 
Who is the world's richest living person?

A 
William H. Gates, III, Chairman of Microsoft Corporation, whose wealth was estimated at $46.6 billion in 2004.
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Wendy Drucker, REALTORŪ, real estate agent and broker for Millburn, Short Hills, Summit and Maplewood, New Jersey home listings, property and land for sale

Wendy Drucker
Towne Realty Group

511 Millburn Avenue
Shorts Hills, NJ 07078
Tel: 973-376-8300
Fax: 973-532-0204
Cell: 973-204-0100
Email: Wendy@WendyDrucker.com

I am an expert in the towns that I serve and love what I do. My financial background from my Wall Street Bond Trading days serve me well in power negotiating. As an involved resident who has lived in town for many years, I bring you my unique insight into the local markets.

ePro MLS REALTOR


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Millburn, Short Hills, Summit and Maplewood, New Jersey

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