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  Going from teaching high school to selling real estate? Opening a RE/MAX office with six partners after just four years as a Realtor? Yes, it was a challenge — and I do love a challenge! It’s always been important to me to take charge of each day and make it count. As a result of maximizing each day’s challenges, in just 16 years we’ve grown from just 6 partners to 32 agents and have a 40-percent market share in a highly competitive real estate market. I’m excited to be able to do the work I love each day with the people I love. Three of the five members of my “Five-Star Team” are my family — my husband, my daughter and my son. We’re family, and I treat my clients like family. We know that most real estate transactions are stressful for my clients, even when they’re excited about buying the home of their dreams. I try my best to make the buying and selling process as smooth as I can for them. The whole team works together to make sure every detail is taken care of throughout the real estate purchase and sale. When I moved here with my family in 1965, and even when I graduated from Penn State in 1971, I never imagined that I’d be working in real estate. It certainly never crossed my mind that I would own and operate a successful real estate company some day. But that’s what seizing each day will get you — success. And because of that success, my team and I are able to go to work each day ready to make a difference in the lives of others.  Linda Lowe: Past & Present  Linda has been a resident of Centre County area since 1965. She graduated from The Pennsylvania State University in 1971 and began teaching at the Bellefonte Area High School in 1972. After 9 years of teaching & coaching basketball she decided to take a new path and began her love of sales. After several successful years at clothing sales she became a licensed Realtor in 1988 and has been successful at Real Estate ever since. In 1993, Linda and five other agents ventured out and started RE/MAX Centre Realty in State College, PA. In 2002 out of all of the Centre County Real Estate offices, RE/MAX Centre Realty had 43% of the Listings Sold in 2002. REMAX Centre Realty had 604 Listings Sold. Linda currently resides in the Bellefonte Area on Deerfield Drive, with her husband Randy and her black Labrador Sabel. Linda has two children, Dayna & Ryan and a grandson, Chase, to Dayna. Linda's interest include golf, antiques, charities, children especially her grandson, food & wine, shopping, walking & going to church.  · REALTOR®, Co-Owner, ABR, CRS, GRI, SRES (Senior Specialist) · PAR Excellence Award Every Year Since 1990 · RE/MAX Hall of Fame Award, '96 · RE/MAX Platinum Club Award, '94, '95, '96, '97, '98, '99, '00, '01 · RE/MAX Pennsylvania NW Sales Associate of the Year, '94, '95, '97, '98 · RE/MAX Most Transactions in a Single Year, '94, '96 · RE/MAX NW Region Top Ten Agent, '93, '94, '95, '96, '97, '98, '99, '00, '01 · RE/MAX Regional Rookie of the Year, '93 · RE/MAX 100% Club Award · RE/MAX Lifetime Achievement Recipient · Chairman of the Board, RE/MAX International 2002 ? Highest Achievement for Sales Volume · Second Place in Region for Number of Transactions (Homes Sold) '99 · Second Place in Region (PA & Delaware) for Sales Volume '99 · Fifth Place team position in Region for Sales Volume '02
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?
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According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.
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