Sam Mikel - The Columbian Readers Choice for Best Realtor in Clark County 2010; Scott Mikel won that award in 2009!
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The better educated a seller is, the better his or her chances of selling quickly and for top dollar. To this end I am happy to offer a number of reports here. Feel free to click on any or all topics that interest you:
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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.
Scott and Sam Mikel Scott Mikel & Associates inc. 3502 Washington Street Vancouver, WA. 98660 Office 1: 360-816-8800 Fax: 360-397-0509 Direct: Scott: 360-903-1144 Direct: Sam: 360-921-0068 Email: sam@agentmikel.com Email: scott@agentmikel.com
The Mikels have won the coveted Columbian's Readers Choice Award twice - Scott in 2009 and Sam in 2010 (out of 1400 Realtors in Clark County). They are the "real" in real estate. They have been just that for over 50 years (between them) for thousands of buyers and sellers in Vancouver and SW Washington. Maybe you can tell what they're really like if you click on the tab "About Us" - "Who We Are." They'll treat you with gentleness, kindness and humor, all at the same time. See what their customers say about them. (No they weren't paid to say those things!)
After working many years in large companies, they started Scott Mikel & Associates, a LOCAL company, so they could choose which agents they associate with on a day-to-day basis, agents of ability and integrity and where they could have the technology for "virtual" real estate as needed. Scott and Sam have created a company with equal amounts of honesty, reliability and fun. They will treat you as family (if you wish) and w/ integrity and expertise at all times. Realtors are NOT all the same - some great, some not so great. Choose carefully.
www.agentmikel.com is brought to you by
Scott and Sam Mikel NUMBER1EXPERTS™ in real estate for
Vancouver United States, Washington state.
- NUMBER1EXPERTS™ 
