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You Made My Dream Come True "I appreciate every effort you made to make my dream of becoming a home owner come true." Viviann Nogales, Springfield, VA Read Quote > View All Quotes >
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Welcome! Here You Can Find Great Information on Real Estate in Fairfax County, Virginia and the Surrounding Area
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 Energy and a positive attitude are the foundations of our group. Action is the key to our success. This winning combination is why you won’t hear excuses from us—you’ll just see action and imaginative solutions. Our diverse backgrounds and experience led us to develop an innovative work style that fosters the development of effective partnerships. Whether you are a first time buyer or seller, an experienced home owner or purchaser, relocating in or out of Northern Virginia, or interested in investment properties, you will find The Glassman Group dedicated to you accomplishing your goals and objectives. The Glassman Group is part of RE/MAX Premier. Founded in 1995 by Tom Donegan, whose goal was to provide a warm, supportive environment and the technical tools and training for his agents to achieve their personal goals. RE/MAX was founded in 1973 by real estate agents who believed that the best brokerages are those built around the agent. Today, RE/MAX has the same philosophy and the world's top-producing real estate network, with more than 150,000 agents in over 70 countries and territories. And, one of the most recognizable corporate images in the world, the RE/MAX Hot Air Balloon logo creates billions of impressions annually. The Sales Associate remains the chief focus and core strength of the RE/MAX network. By attracting the industry's best agents and providing them with training, support and freedom to run their business as they see fit, the network has developed a real estate sales force second to none. 
 Whether buying or selling a home, you will benefit not only from Mickey’s tremendous real estate experience; but also the experience of our full team in managing the myriad details that go into every real estate transaction. The members of our team are experienced, professional communicators and relationship builders. As a result, we listen to your needs, wants and desires, speak straight, and effectively resolve problems; all of which leads to a smooth transaction. When selling your home, you will find our proven, results-oriented process one of the most effective in real estate today. From our aggressive pricing, preparing your home to show, marketing your home and win-win negotiating, to managing all of the components necessary to complete the sale; we set a new standard for others to follow. When buying a home, the process is different but the results are the same. Our commitment to buyer education, a dedicated buyer representative fully aware of the buyer’s decision-making process, our knowledge of the area and our ability to effectively present, negotiate and manage contracts all make for a highly satisfying buying experience. And most of all, you will always feel as if you are our number one priority...because you are!  |
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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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