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Ellen Clark, REALTORŽ, real estate agent and broker for Richmond Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Welcome To My Home Town! Here You Will Find All the Necessary Real Estate & Community Information on Richmond, Virginia and the Surrounding Communities including Chesterfield, Midlothian and Glen Allen.

Looking for homes? Our state-of-the-art IDX service makes all homes from all companies and agents in the Multiple Listing Service available to view! Search everything the web has to offer at this site! Don't Miss The Ellen Clark Team Feature Homes!

The Ellen Clark Team wants to be YOUR Realtor. As your trusted, professional real estate agent, we will help you find the best homes in your area within your price range. 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. Please let us help. Call us at 804-794-2150 or 800-448-3287!

Need local real estate information? We've summarized much of what is important about the communities in Richmond, Chesterfield, Midlothian and Glen Allen, and all of the other surrounding areas.

Need personal help and expert advice? A web site cannot take the place of a Professional Realtor in the Richmond, Virginia area. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job.

Contact The Ellen Clark Team 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 Realtor. As your trusted, professional real estate agent, I 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.

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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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Q	What is the role of the U.S. Housing Authority?
A	Created in 1937 by FDR, the U.S. Housing Authority provides construction loans to small communities and states.
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Ellen Clark
Re/Max Commonwealth
1231 Alverser Drive
Midlothian, VA. 23113
Toll Free: 800-448-3287
Office: 804-794-2150
Pager: 804-794-2150
Fax: 804-739-3375
Email: ellen@ellenclark.com

Ellen Clark has Twenty years experience in Real Estate industry. She has been a Top Producer since 1996. Ellen Clark is a professional who enjoys what she does. As she says, "I love what I do and hope that is reflected in my work. I am sincerely committed to serving my clients and making their needs a priority. It gives me enormous satisfaction to help people make such an important decision."

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