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All agents are NOT alike! Find out why I am a top real estate expert in Union County! Call me @ 908-917-4577.
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Real Estate related Mobile apps to download
If you use a smartphone, here are some great real estate related apps you can download!
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 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Gina Suriano Barber is one of The
Top Selling Real Estate Experts™
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  Gina Suriano Barber...Exceeding Expectations! Gina is a top producer serving Union, Middlesex, and Somerset Counties. A lifelong resident of Scotch Plains, Gina specializes in the marketing and sales of Westfield, Scotch Plains and Fanwood homes. With over 20 years of real estate experience, and over $10 million in sales annually, she has earned a membership in the New Jersey Association of Realtors Distinguished Sales Club, as well as numerous other awards. Always maintaining a competitive edge, Gina stays abreast of the latest marketing trends and technology. Gina has been married for 16 years to Richard Barber, a pharmaceutical sales representative for AstraZeneca Pharmaceuticals. They have 12 year old twin girls, Danielle and Nicole and reside in Scotch Plains.
A lifelong area resident, Gina has first hand knowledge of what our beautiful towns of Scotch Plains, Fanwood, Cranford, and Westfield have to offer. She keeps up with market trends, the local inventory, and new ways to make the home buying and selling process a pleasureable and profitable experience for all involved. Contact Gina today for any of your real estate needs. For a top Scotch Plains and Westfield Realtor - call Gina today! Please Sign Up For The Latest Listings and the Latest Real Estate News
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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.
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| Q |
Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
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| A |
George Washington, the first President of the United States. |
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- NUMBER1EXPERT™ 
