Alice is a life-long resident of the Van Buren-Fort Smith, Arkansas area. She grew up on a farm north of Mulberry, Arkansas, and from these "roots" came her love of the outdoors, nature and her zeal for life. Her enthusiasm, added to her boundless energy, finds her working seventy plus hours weekly in real estate. Her evenings and leisure time is often spent working on one of the houses she buys to remodel and sell, fitness walking, working in her yard, growing roses, trout fishing on the Little Red River, or spending time with K.C. Bear.
|  | | | KC and Alice with the Easter Bunny | |
Growing
roses in the garden
Trout fishing on the
Little Red River
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| KC and
Bunker |
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Tax Considerations >Beneficial Tax Laws American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.
Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.
Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.
Consult your tax advisor for advice regarding your particular circumstance.
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| Q |
What is currently the most sought-after amenity in the majority of upscale homes?
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| A |
Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
