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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 708-386-1400 ext.111.
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Find Out About the Latest Homes for Sale First!
I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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Professional, Enthusiastic And Energetic
"If there is ever a need, we would certainly choose to work with her in the future."
Doug and Linda Belpedio
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 Compare three mortgages
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Oak Park’s Hot Real Estate Market  Oak Park has enjoyed many years of increasing home prices. The proximity to downtown Chicago, great public transportation, good schools and fine vintage housing stock have contributed to the perception of value that area home seekers have of our town. When looking for a home here, it pays to have the help of a local real estate expert who is familiar with pricing in the different neighborhoods and local real estate customs. I can provide that expertise, because I’m out there every day living and working in our community and have been doing so since 1988. I am well known in the real estate community and many times will receive information about properties even before they come on the market. The market can be fast-paced and competitive for buyers. I offer a free, no-obligation consultation for prospective buyers. This is a relaxed, get-acquainted session where you can share your thoughts on what type of home you’d like and what you expect from your agent. I will give you a lot of information on how you can find the home you want and then how to get it, what it is like living in the community, some of the local real estate customs and help you with recommendations for lenders, attorneys and inspectors if needed. Which neighborhoods offer the best values? It's my job to help! Ask me any question, or request my FREE relocation package of information on Oak Park. There's no obligation, and I promise to respond quickly...
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Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
Who received the largest land grant ever given to an English subject for only two beaver skins per year?
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| A |
William Penn, the Quaker leader, received Pennsylvania and Delaware to settle a debt owed his father by King Charles II. |
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