Westport and Weston real estate and homes for sale in Connecticut - David Weber, REALTOR® David Weber REALTOR(r) for Westport and Weston, Connecticut real estate - NUMBER1EXPERT™ David Weber NUMBER1EXPERT(tm) for Westport and Weston, Connecticut real estate
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David Weber, REALTOR®, real estate agent and broker for Westport and Weston Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)
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School Information: Westport and Weston Connecticut home buying, real estate listings, and homes for sale in Fairfield                      County, CT
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Everyone offers free school reports. Me too! Plus I offer more. As a top Westport and Weston Realtor, I can tell you things about the schools that no report generated by a computer will ever know. Remember, I consult with people moving to the Westport and Weston, Connecticut area on a daily basis. It's my job to know, and my job to tell you. 

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Real Estate Tips
Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Real Estate Trivia
Q 
What is a Balloon Mortgage?

A 
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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David Weber, REALTOR®, real estate agent and broker for Westport and Weston Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

David Weber
Coldwell Banker

472 Riverside Avenue
Westport, CT. 06880
Cell phone: 203-451-7888
Home Office phone Number: 203-544-6093
Email: dweber6412@gmail.com

Real Estate is About People...Not Just Houses. I love selling real estate, and am licensed to do so in Connecticut. It is more than just selling or listing homes for sale. It’s about taking care of the people who are buying and selling them. My primary concern is to take care of my clients so they can make the right choices for themselves and their families. The most satisfying moments in real estate for me are when I see smiling faces at the closing table...For buyers it means educating them, to help them come to their own opinion of value so they know they are getting a good home for the money they will spend. It’s also about helping them see the lifestyle they will have after buying the right home. It’s not just the house that matters...it’s how you live in it that makes it a home...For home sellers my concern is that they are able to move on with their lives in a timely manner. This means being truthful about the value of their home so they can make an informed decision on pricing, helping them prepare their home so it shows well and then giving them the best marketing and service possible so they can have a satisfying sale. Specializing in Westport,CT., Weston,CT.,Fairfield,CT.,Wilton,CT., and Redding CT.

Equal Housing MLS REALTOR


Prudential Connecticut Realty real estate and homes for sale in Westport and Weston Connecticut

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