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For Home Buyers:
Why Buyers Choose The Jeff Silva Team - Why homebuyers looking for a real estate agent in the Blue Bell, King of Prussia and East Norriton area choose The Jeff Silva Team. Latest Listings - Get The Jeff Silva Team's latest Blue Bell, King of Prussia and East Norriton listings of homes for sale first! Find Your Perfect Home - The Jeff Silva Team will search for your ideal home and email you the newest Blue Bell, King of Prussia and East Norriton MLS listings of properties in Montgomery County PA. First Time Homebuyers - Are you a first time homebuyer in Blue Bell, King of Prussia and East Norriton, PA? Choose a top real estate agent. The Jeff Silva Team can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Blue Bell, King of Prussia and East Norriton house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Blue Bell, King of Prussia and East Norriton Homes, For Home Buyers, For Home Sellers, Blue Bell, King of Prussia and East Norriton Information, Real Estate Resources, and About The Jeff Silva Team. 
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Tax Considerations >Tax Implications of Selling Your House Most of my clients profit from selling their homes, and they often have questions about capital gains tax.
When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010.
Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption.
Consult your tax accountant for more detailed information regarding your particular circumstance.
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The Jeff Silva Team
Keller Williams Real Estate
910 Harvest Dr. #100
Blue Bell, PA. 19422
Office: 215-646-2900
Direct: 215-664-1010
Fax: 215-664-1011
Email: ForSale@TheJeffSilvaTeam.com
Thank you for visiting our site. The Jeff Silva Team has been successfully helping buyers and sellers for over 10 years and we pride ourselves on providing the highest level of professionalism and customer service possible. We are 100% committed to ensuring a smooth and enjoyable real estate experience!
Jeff Silva - PA and NJ Licensed Realtor -- PA License # RS271228; NJ License # 0570813
JoAnn Silva - PA Licensed Realtor -- License #RS280995
Michael Maerten - PA Licensed Realtor -- License #RS291382
Jacki Silva PA and NJ Licensed Realtor -- PA License # RS311485; NJ License # 0898764
Patrick McGowan - PA Licensed Realtor --License #RS279809
Jenny Staples - PA Licensed Realtor --License #RS286235
Information deemed reliable but not guaranteed and is subject to errors and omissions.     
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