Our Team Is On YOUR Side! As top real estate agents, we do not work alone! We have a whole team of people working in your best interests. Meet our team. Meet Danielle Selden Real Estate Team Member Danielle is one of those rare few capable of excellent follow through with a continuing smile. She graduated from the University of Washington with a Bachelors in communications and has over three years experience in sales and marketing. Danielle believes in a daily practice of strong customer relations. She is a highly organized person who’s goal in life is to give the customer world class service. Inspiring and always a joy to work with, she brings a touch of class to everything she does. 
  |  | | |
 Meet Jake Nordquist Development Team Lead Graduating with a BA in Communications from the University of Washington, Jake made the dean’s list every quarter with time to carry a 3.72 GPA and become a PSIA Certified Level II Ski Instructor. An asset to the RE/MAX Connected family, he links together RE/MAX Connected Properties with RE/MAX Connected, bridging the gap between finding existing lots suitable for investment and development, working with the area’s zoning ordinances and neighborhood plans while establishing relations with forward-thinking investors and builders. 
  |  | | |
 Meet Stacye Rodwell Executive Coordinator With 7 years of sales and financial experience, Stacye has been an administrative assistant to a major satellite distributor. She has been working with L.T.D. Inc. for the last year, and manages the accounting department. She is acting transaction coordinator, insuring title, escrow and legal paperwork has been filed in an orderly manner. With a Bachelor of Arts in Sociology from Western Washington University, her representation as a U.S. Student Ambassador in 1995 to New Zealand and Australia reflects her orientation toward service, ambition and responsibility.
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
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.
|
 |
| Q |
What is a Balloon Mortgage?
|
| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
|
See More Real Estate Trivia > |
|

 |
NUMBER1EXPERT
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|