Short Hills, Summit, Maplewood and Millburn New Jersey real estate listings, home buying, selling and relocation information

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Everyone develops their own long list of necessary numbers. Here are a few to add to yours:
Freeman's Fish Market Maplewood 973.763.9363 Buncher's Hardware Millburn 973.376.0776 Home Depot Union 908.687.7907 Home Depot Vauxhall 908.686.9804	CVS Pharmacy Summit 908.273.5321 CVS Millburn 973.376.1062 Whole Foods Market Millburn 973.376.4668 Millstone Lawn & Garden Maplewood 973.763.6633

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Investment Real Estate >Investment Property Exchanges

When you buy an investment property, there are two important financial goals to consider. You will want a property capable of producing rental income. When you sell, you hope that the property will have appreciated enough that you will earn a good profit on your investment. If your property has enjoyed a healthy appreciation, you may need to do some careful planning to avoid paying out most of your profits in the form of capital gains taxes.

When selling your primary residence, you may be able to defer your capital gains taxes when you buy your next home. This does not apply, however, to investment property. If you sell one property then purchase another, the taxes will be due for the year the sale occurred. On the other hand, if you arrange to trade one property for another, you may be able to defer the capital gains tax.

It is not as complicated as it sounds! Many real estate agents and attorneys specialize in helping their clients put these kind of transactions together. You don't have to trade buildings with the people buying your property. The property you trade may belong to a third party, and your buyers need only cooperate with the closing attorney to make the transaction work.

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Q	Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
A	George Washington, the first President of the United States.
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Maggee Miggins, REALTOR®, real estate agent and broker for Short Hills, Summit, Maplewood and Millburn New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Maggee Miggins
Keller Williams Mid-Town Direct Realty
181 Maplewood Ave
Maplewood, NJ 07040
Office: 973-762-5400
Fax: 973-762-5401
Cellular: 973-879-9711
Email: MaggeeMiggins@NUMBER1EXPERT.com
Maggee believes the purchase or sale of a house is among the most important personal and investment decisions people have to make. She prepares her clients carefully and is with them at each step of the process. With a sixth sense for timing and superb negotiating skills, Maggee assists prospective buyers and sellers in making their decisions at the optimum moment from an investment standpoint. Her willingness to walk the extra mile to achieve a fair transaction accounts for a large and steady flow of referrals and requests for her service as a Realtor. Maggee has been in the real estate field for eight years. She has won many prestigious awards for her success in the residential sales market and is well respected in the real estate community. Not one to sit on her laurels, she keeps abreast of the field through professional conferences and courses on marketing strategies and trends. Before entering the field Maggee worked for Winchester Gardens assisting individuals transitioning from independent living to retirement community life. Maggee holds membership in the New Jersey Association of Realtors. She is a lifelong resident of Essex County including South Orange, Maplewood and Short Hills.

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