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Welcome to Steve Comstock's Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville Real Estate Website

Welcome! Here You Can Find Great Information on Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville, Minnesota Real Estate 

Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. 

Need local real estate information? I've summarized much of what is important about the Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville real estate market in this site. 

Need expert advice? No web site, large or small, can take the place of a real estate agent. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. 

Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR real estate agent. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. 

Buying and selling a home is one of the biggest events in your life. I have the experience and track record you are looking for. 

- Steve Comstock 




School Reports in Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville, Minnesota
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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Minnesota Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville 



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 stained glass window?

A 
The American Airlines terminal at the Kennedy International Airport in New York City has a stained-glass window that is 300 feet long and 23 feet high.
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Steve Comstock, REALTOR®, real estate agent and broker for Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville, Minnesota home listings, property and land for sale - NUMBER1EXPERT

Steve Comstock
U.S. Home Source Realty, Inc

PO Box 1311
Maple Grove, MN 55311
612-454-1450
Fax: 952-843-5661
SteveComstock@NUMBER1EXPERT.com


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