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Cleveland Park : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling1
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Activity 3
Sat Nov 24, 2012
Arthur Hardy answered:
The information on many real estate web sites are often not correct. The real estate business while reported on nationally is truly a local business. Work with a realtor who works with buyers and knows the area you want to purchase. Thanks for asking such a good question!

If you need to know more feel free to look on my site at www.homewitharthur.com and save your searches there for free!
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Tue Dec 29, 2009
Juliet Zucker answered:
Hi Home Selling in Cleveland Park!
Your friend is thinking about a tax provision that was changed many, many years ago. You are almost right - -In general sellers can exclude from income up to $250,000 (for a single filer) and $500,000 (for joint return) in profit from the sale of a principal residence if they lived in that property for at least two years during the 5 year period ending on the date of the sale. There are a number of different tests/caveats/exceptions & computations that go into determining eligibility and profit/gain. For more info consult a tax adviser. Also, check the IRS website (www.irs.gov) and Publication 523 - "Selling Your Home." ... more
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Mon Dec 10, 2007
Ann Rende answered:
Hello Mercedes,
When buying a co-op you are buying shares in a corporation. So many shares per apartment. This is why when I sell a co-op I ALWAYS advise my client to get elected to the co-op board as soon as possible. If you are a shareholder in a corporation you want to have some knowledge and input about HOW this corp. is run.
A condo is different. You own the apartment--walls floors etc.
This is a simplified version to answer your question.
As to why it has been on the market for 3 months? There could be many factors --poor marketing, slow time of year , over pricing etc. However, with an efficiency you have a limited market.
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