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Time to Move >When Your House Gets Too Big

As the Baby Boomers of the 1950s send their children off to college, they join the part of the market called "empty nesters". At this point they no longer need six bedrooms and three baths, a family room and a gigantic yard. Many "empty nesters" are trading in the family home for something that is smaller, easier to maintain and has the amenities that are important to their more carefree lifestyle. If you are considering such a move, start out by consulting a good Realtor whom you like and trust. The good news is--- 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. These capital gain exclusions apply whether you "buy up" to a more expensive home or "buy down" to a less expensive one. If you are moving downtown from the suburbs in order to be close to cultural centers, theaters and restaurants, there may be "quality of life" issues, such as noise or parking. Your Realtor can help you find a home that has all the conveniences and amenities you desire.

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Q	What house is considered to be the first house with running water in America?
A	John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
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The Gold Medal Team, REALTORŽ, real estate agents and broker for Colorado Springs, Woodmoor and Woodland Park Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Mark McWilliams
The Gold Medal Team

Mark McWilliams and Gold Medal Team
Keller Williams Hope Realty
12 E. Kiowa St
Colorado Springs, CO 80903
Office: (719)260-0250
Toll Free: (800)748-3314
Fax: (719)685-8610
Email: goldmedalteam@speed-lead.com
The Gold Medal Team's goal is to earn the right to represent you! When you select The Gold Medal Team as your Realtor you will have a winning team of seasoned professionals working for you. Mark's staff insures the highest level of personalized customer service available in Colorado Springs, and the beautiful Surrounding areas in Colorado. Mark's team provides Home Buyers with personalized home search service. His full-time Buyer Assistants will sift through our neighborhood listings to find the right home for the right price. Mark's Gold Medal Team specializes in FHA, VA and conventional loans and are in the top 1% of Realtors in the country.

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