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"Sara was an exceptional asset ... " "Sara’s knowledge of the market, expert advice and partnering approach bolstered our confidence and peace-of-mind during a challenging time." Terea & Frank Wainwright,CEO Morningstar Comm. Read Quote > View All Quotes >
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Sara Littlefield is one of The
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 Sara Littlefield, a respected professional in the real estate market, is always on the cutting edge of the industry. Clients want fast, high sales, and Sara delivers just that. In April 2010, Sara Littlefield joined William Raveis Real Estate as Sales Vice President. Prior to that, Sara achieved top sales, top listing and/or top customer awards at Prudential Connecticut Realty from 2002 through 2009. Her sales ranked in the top 2% of Prudential nationwide which includes 75,000 plus real estate agents. She is also a Prudential Legend for five consecutive years as a local top-listing, top-selling real estate leader in this changing global marketplace. Sara has been honored with many customer service achievement awards during her career, earned through customer satisfaction ratings. Her clients especially appreciate her calm, good counsel, and focused and responsive approach to their real estate needs. With nearly two decades of marketing, advertising and public relations experience earned at Apple, Xerox and Priceline among others; consulting experience in the Interactive TV industry and game industry, including giants Mattel and Hasbro; CEO/executive coaching in media relations (business, consumer and trade), internal communications and customer relations; plus a master’s degree in the communications specialties including personal communications, public relations and international negotiation and mediation fields, Sara understands how to maximize the exposure of your home—and get it sold quickly for its highest value. She received a B.A. in English with Minor in Business from Santa Clara University and University of London, School of Economics and a M.A. in Business Communications and Public Relations from Emerson College. In graduate school, Sara specialized in Negotiations and taught international students International Negotiation & Mediation courses. All of which help her deliver the best results for her clients. 
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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