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We always ask our clients to write or email us, and tell us truthfully how they appreciated our service to them. Their feedback is so important! Here are a few highlights of what people are saying about us...

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"Our home Selling experience thru Sandra and Nayid was pleasant and presure free."

"Benjamin and Peggy Ducker"

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Thanks Sandra and Nayid for helping us to find our

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We could not find more qualified agents

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School Reports in Jamaica, St. Albans and South Ozone Park, New York

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New York Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Jamaica, St. Albans and South Ozone Park

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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Q	Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
A	Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria.
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Sandra Morrison and Nayid Vargas, REALTOR®, real estate agents and broker for Jamaica, St. Albans and South Ozone Park, New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Sandra Morrison and Nayid Vargas
Century 21 Milestone Realty
148 - 43 Hillside Ave.
Jamaica, NY. 11435
Phone: 718-554-0626
Toll free : 866-683-9178
Fax: 718-291-8979
Sandra Email: sandramorrison@NUMBER1EXPERT.com
Nayid Email: navargas@gmail.com
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