Listing Details: Fauquier, Prince William and Fairfax County, Virginia Real Estate Listings & Homes For Sale Provided by Jonathan and MichelleThoburn

Your investment, your timing. Call us: 571-332-3842.

Get Free Presentation On Our Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >

"Would I highly recommend him? I already have, several times!"
Craig Fields, Colonial Beach, VA
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Jonathan and MichelleThoburn is one of The Top Selling Real Estate Experts™
Find Out More >

7820 Sudley Road
Manassas, VA 20109

See the nation's top rated reports for Schools in Fauquier, Prince William and Fairfax County >

Coming Soon
Find Out More >

The listing you are requesting is no longer available.
View other listings in the Fauquier, Prince William and Fairfax County area.

These properties posted instantly on the web via:

Why list with Jonathan and MichelleThoburn?
(May take a moment to load. Adobe Reader required, download now.)

School Reports in Fauquier, Prince William and Fairfax County, Virginia

"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

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

Schools in Fauquier, Prince William and Fairfax County

Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

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 >

Jonathan and MichelleThoburn, REALTOR�, real estate agent and broker for Fauquier, Prince William and Fairfax County, Virginia home listings, property and land for sale - NUMBER1EXPERT

Jonathan and Michelle Thoburn
Keller Williams Realty
7820 Sudley Rd.
Manassas, VA 20109
Cell Phone: 571-332-3842
Voicemail: 540-212-3693
Fax: 571-222-8286
jonathanthoburn@NUMBER1EXPERT.com
Jonathan and Michelle Thoburn with Keller Williams Realty were both born and raised in Northern Virginia which gives them that intimate base of knowledge of the area that is so important to buyers. That grasp of the region coupled with their low pressure approach is why this husband and wife team are among the top Realtors in the area. Click on the "Click to Call" icon above to speak to them now!

www.VirginiaHomeLiving.com is brought to you by Jonathan and MichelleThoburn
NUMBER1EXPERT in real estate for Fauquier, Prince William and Fairfax County, Virginia

Read Jonathan and MichelleThoburn's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge