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Doylestown, Buckingham and New Hope Real Estate Online

Welcome! Here You Can Find Great Information on Doylestown, Buckingham and New Hope, Pennsylvania Real Estate

Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes.

Need local real estate information? We've summarized much of what is important about the Doylestown, Buckingham and New Hope real estate market in this site.

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Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.

Buying and selling a home is one of the biggest events in your life. As top Doylestown, Buckingham and New Hope real estate agents, we have the experience and track record you are looking for. Please let us help.

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School Reports in Doylestown, Buckingham and New Hope, Pennsylvania

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Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Q	What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
A	Conventional mortgages are private sector transactions that are not insured or guaranteed by the government.
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Henri and Jeri Gutner, REALTOR®, real estate agents and broker for Doylestown, Buckingham and New Hope, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Henri and Jeri Gutner
Keller Williams Real Estate
2003 South Easton Road, Suite 108
Doylestown, PA 18901
Phone: 215-345-5454
henrigutner@NUMBER1EXPERT.com

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