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Find out why I am in the top 50 Re/Max Agents in the United States. I specialize in Short Sales and Foreclosures. Call me 925-242-8971.
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I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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"Now we're in the home of our dreams!"
"Your direction and counsel allowed us to sell our first home for more than we thought possible and you found us the home of our dreams!"
Tom and Heather McDonnell
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For Home Sellers:
Why Sellers Choose Jason Zaitz - Why home sellers in San Ramon, Danville and Dublin choose Jason Zaitz. Free Presentation - Free in-home listings presentation on marketing your San Ramon, Danville and Dublin, in Contra Costa and Alameda County California property. Property Valuation - How much is your San Ramon, Danville and Dublin home worth? What Did That Home Sell For? - What did that San Ramon, Danville and Dublin, California property or other real estate sell for? FSBO - Selling your San Ramon, Danville and Dublin real estate on your own? Go to Main Sitemap - Main sitemap sections include Find San Ramon, Danville and Dublin Homes, For Home Buyers, For Home Sellers, San Ramon, Danville and Dublin Information, Real Estate Resources, and About Jason Zaitz.
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Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.
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| Q |
What is a "jumbo mortgage"?
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| A |
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
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