By Thomas Mayer

Tel: 201-637-7484     Fax: 866-590-5572


Enjoy the summer 2013 season in one of our beautiful luxury homes!  New luxury homes in Wayne, NJ available!  Also, only ONE brand new condo in Maplewood NJ remains for sale so please call Tom TODAY!





New Condos!

See Springfield Commons, the newest condo in Maplewood, NJ!

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New Model Home Is Now Open For Viewing!



New home sold in Glen Rock, NJ!

New luxury home on way in Glen Rock, NJ!

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Another home sold in Glen Rock, NJ!

Another new luxury home sold in Glen Rock, NJ!

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 REALS - A Comprehensive Real Estate Directory - Real Estate Resources and Directory - Real Estate Directory for Buying, Selling or Rental a Home.













Tax Considerations To Keep In Mind

Most of our sellers make a profit when they sell their homes. They often have questions about how capital gains tax will impact them.

If you are selling your primary residence, you do not have to worry about paying taxes on your profits if your gain does not exceed $250,000 as a single taxpayer (or $500,000 as a married couple filing jointly). This tax law comes from The Taxpayer Relief Act passed in August of 1997.

Different rules apply when you sell income 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 exchange one investment property for another, you can defer the capital gains tax.

To ensure complete tax deferment you must acquire a replacement property which is equal or greater in price than your exchange property, and move all of your equity from the old property into the new. It is not as
complicated as it sounds, but you do need professional help. Many real estate agents and attorneys specialize in helping their clients put these 1031 tax-deferred exchanges together. You can also ask Tom to refer you to a legal expert on real estate matters for professional counsel on this important topic without any obligation on your part.




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Thomas Mayer - Dedicated to helping you find your dream home

"It is my mission to be an expert source for your home buying or selling needs, and I will guide you through the entire process so that you get the most from your investment!"

Thomas Kay Mayer







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