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I am originally from Chicago ( a die
hard Cub fan), spent school years in Villanova, PA and have been in California
since 1974.
I understand the transition from
other parts of the country to California. I do understand that no matter how
beautiful your new home might be, it just isn't home...yet.
Kate (with water bottle) and her pal Diane
at Hoover Dam. Just one of the hundreds of great weekend getaways just hours
away from Los Angeles. |
I take great pleasure in inventing many
ways, both tangible and intangible, to make my clients' transaction and
move as smooth as possible, whether the move is across the street, across the
continent, or across the globe.
I am dedicated to providing an
exceptional level of service for my clients by Combining Old Fashioned
Service and Integrity with Up-To-The-Minute Technology. The focus of my
business is to provide first class service for my clients and subsequent
referrals rather than spend my time aggressively marketing myself. This results
in a business singularly devoted to constantly improving the level of service
provided to my clients. I have also earned the following designations:
Previews Properties Specialist, Seniors Real Estate Specialist, and
President's Circle.
Seniors Real Estate Specialist!
Seniors who need advice about their homes and rental properties can turn to
Kate Bransfield, a realtor with Coldwell Banker in Pacific Palisades.
Bransfield, recently was awarded the Seniors Real Estate Specialist
professional designation by the Senior Advantage Real Estate Council in
Murphys, California. These specialists help seniors make wise decisions about
selling the family home, buying rental property, managing the capital gains and
estate tax implications of owning real estate, obtaining a reverse mortgage,
moving to a senior community and other issues. These specialists also work with
the SRE Council which tracks the special issues and needs of senior property
owners and provides education to realtors who make seniors an important focus
of their business. Last week, Bransfield earned the Coldwell Banker Previews
Property Specialist designation, according to Mary Fran Murphy of Coldwell
Banker. In addition to a rigorous performance criteria, Bransfield had to
complete a prescribed certification course, designed specifically for marketing
luxury residential properties to affluent buyers worldwide.
When I say service, I mean it! Ask me
for my
 -- 44 pages of helpful tips -- such as a 5 page check list, 15
pages of Packing Tips, 20 pages of Record of Household Contents, change of
address forms, and much much more!
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What document must lenders provide within three days of receiving your application for financing?
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| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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