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Lisa and Alby Heredia
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Welcome! Here You Can Find Great Information about Portland, Oregon Metro Area Real Estate  When you want to sell your house you need an experienced team to get you results. For our clients the results are found in quicker responses, a smoother transaction, and an all-round more pleasing experience. You are kept informed every step of the way. And while you can be assured that Alby or Lisa will always be your first point of contact, and that you will never be passed off onto someone else, it is nice to know that there is an entire team working to help you sell your home. Lisa and Alby are skilled at setting your home apart, showing how its unique benefits raise it above and beyond the rest of the homes that flood the market. They use their knowledge of the market to educate fellow agents and prospective buyers, showing them that homes are not carbon copies, and giving your home the attention it deserves in a market too often distracted by the competition. In the end it's really about your results. The proof of our results are the repeat buyers and sellers, the referrals of our client's friends and families, the glowing testimonials from satisfied clients, Lisa's Million Dollar Club membership and Top Producer status at Coldwell Banker and of course, the homes bought and sold. 
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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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What does the abbreviation PITI stand for?
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Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
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Lisa & Alby Heredia
Coldwell Banker Barbara Sue Seal Properties
4200 Mercantile Drive, Suite 700
Lake Oswego, OR 97035
Alby: 503-740-7481
Lisa: 503-267-8041
Office: 503-241-7325
Fax: 503-210-1533
info@HerediaRealty.com
As the core of Heredia Realty Group, Lisa & Alby Heredia strive to provide you with a better selling experience: Experience based on their extensive knowledge of the local market and years of real estate transaction expertise. When it comes to getting the highest price for your home in the least amount of time, they get the job done. Heredia Realty Group is a team of service-oriented individuals, working in your best interest, all of whom have proven their ability to get the job done.   
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