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Tax Considerations >Capital Gains Exemptions

Home sellers are always interested in their tax deduction options. If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.

Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must prove that the job change occurred while you owned and used the home as your primary residence, and that your new job is located at least 50 miles farther from your residence than your previous place of employment.

A reduced exclusion from capital gains tax may also be granted for health reasons. If your motivation for selling your house was to obtain diagnosis, treatment or cure for a disease or injury to you or a family member, you can apply for an exclusion. Unforeseen circumstances such as death, unemployment, divorce or natural disasters may also reduce your capital gains tax. Consult a tax professional for advice about your unique circumstance.

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Real Estate Trivia
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Where will you find the world's most unusual golf course?

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The only golf course on the island of Tonga has 15 holes, and no penalty against the golfer whose golf ball is stolen by a monkey.
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The Chris Knight Team, REALTOR®, real estate agent and broker for Plymouth, Canton and Northville, Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Chris Knight Team
Coldwell Banker Weir Manuel

177 N. Main Street Suite 100
Plymouth, MI 48170
Direct Line: 734-738-2958
Fax: 734-453-3245
chrisknight@NUMBER1EXPERT.com

Why Choose Chris Knight

Chris Knight of The Knight-Matt Team of Coldwell Banker Weir Manuel in Plymouth, has been named the #1 Team in the Nation for Coldwell Banker.

Over the years, Chris has consistently earned the "Circle of Excellence," "Top Sales Associate," "President's Top 30," and "Founder's" awards from his company

Chris began his career 27 years ago and now virtually 100 percent of his business is based on referrals and repeat customers.

Chris has always had a strong work ethic and keen entrepreneurial sense. He now employs a full-time office staff to handle administrative duties. This allows him to maintain frequent personal contact with his clients, keeping them apprised of his efforts, new listings, and potential buyers.

More importantly, Chris always looks after his clients from an investment standpoint. "I like to make sure my clients get a good value so when they're ready to sell the house years later, it will have been a good investment for them," he explains.

Chris is a native of the Plymouth area, currently residing in Plymouth Township with his wife Sue and their daughters, Kylie and Alyssa.



The Knight-Matt Team is the #1 Team in the Nation for Coldwell Banker!

Why Do Some Real Estate Agents Outsell Others 8 to 1?

They negotiate the best deals, list the best homes, have the biggest network of buyers looking for homes, and market properties more effectively, both on the web and off. That's why people come back to them again and again. That's why they sell more homes! They are proven winners - and people know it.

How good is YOUR agent? The Chris Knight Team:

  • Helped people buy and sell a staggering 482 properties in 2010! That's a home or property bought or sold every 16 hours.
  • Had over $80 Million in total sales volume for 2010.
  • Has more than 27 years experience in real estate.
  • Employs a team of 2 full-time administrative assistants and five buyers agents dedicated to helping people buy and sell homes.

For more information please visit www.NUMBER1EXPERT.com.

MLS REALTOR Equal Housing


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