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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Clear Choice Team, a proven Oklahoma City, Edmond, Mustang and Yukon, Oklahoma NUMBER1EXPERT™ Top Selling real estate agents.

  • Find Oklahoma City, Edmond, Mustang and Yukon Homes - Find Oklahoma City, Edmond, Mustang and Yukon, Oklahoma real estate listings & homes for sale provided by The Clear Choice Team, your local expert real estate agents. Military Relocation.

  • For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from The Clear Choice Team, a proven Oklahoma City, Edmond, Mustang and Yukon, Oklahoma NUMBER1EXPERT™ Top Selling real estate agents.

  • For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from The Clear Choice Team, a proven Oklahoma City, Edmond, Mustang and Yukon, Oklahoma NUMBER1EXPERT™ Top Selling real estate agents.

  • Oklahoma City, Edmond, Mustang and Yukon Information - Find local information on Oklahoma City, Edmond, Mustang and Yukon, Oklahoma including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by The Clear Choice Team, a proven NUMBER1EXPERT™ Top Selling real estate agents.

  • Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from The Clear Choice Team, a proven Oklahoma City, Edmond, Mustang and Yukon, Oklahoma NUMBER1EXPERT™ Top Selling real estate agents.

  • About The Clear Choice Team - Information about The Clear Choice Team including testimonials, guarantees, credentials, and contact information. Learn why The Clear Choice Team is a proven Oklahoma City, Edmond, Mustang and Yukon, Oklahoma NUMBER1EXPERT™ Top Selling real estate agents.

 

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Real Estate Tips
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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Real Estate Trivia
Q 
Where is the world's largest wine cellar, and how big is it?

A 
A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
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The Clear Choice Team, REALTOR®, real estate agents and broker for Oklahoma City, Edmond, Mustang and YukonOklahoma home listings, property and land for sale - NUMBER1EXPERT(tm)

Bobby Daniel and The Clear Choice Team
Keller Williams Realty

5629 N. Classen
Oklahoma City, OK 73118
Tel: 405-834-5123
Fax: 405-603-7063
Email: bobbydaniel@NUMBER1EXPERT.com

Why are we in real estate? We truly love it. There is nothing that makes us happier than to match a family with their home. We are always looking for new and innovative ways to help our clientele. We are growing everyday with relocating many military families. Bobby Daniels has served in the air force for 4 years and he is passionate about accommodating military families. We really enjoy offering many ways to make their move seamless and enjoyable.

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