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All agents are NOT alike! Find out why we are "The Pagosa Source". Please call us at 970-264-7000.
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Buyers Currently Have a Lot of Options Are you thinking of selling your Pagosa Springs home or property? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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Our Customer Feedback.... "You all are very efficient and helpful but I think your friendliness was what we appreciated most of all. Thanks!" Craig and Heidi J. Albuquerque, NM Read Quote >
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Compare three mortgages at one time.
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Mike Heraty and the Source Team
are some of The Top Selling Real Estate Experts Find Out More > |
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Things To Do In Pagosa Springs and Durango!
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Request our Free Pagosa Springs and Durango Relocation Package. It's packed full of useful and important information about the Pagosa Springs and Durango, Colorado area. Don't move here without it! Remember: we'll send it to you for free and without obligation. There's so much to do in Pagosa Springs and Durango! Let us send you our FREE relocation package about this great area. There's NO obligation, and we promise to respond quickly... 
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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 the average price for a home in the United States?
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According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000. |
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