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Welcome to my site! Here You Can Find Great Information on Winston-Salem, Clemmons, Lewisville, Rural Hall, Bethania, Thomasville, Pfafftown, Ardmore, King, Kernersville, Forsyth County, Davie County, North Davidson County North Carolina Real Estate. I hope you enjoy your visit and will come back often. The First Time Homebuyers Tax credit has ended but that does not mean that anyone can't benefit from home ownership. With interest rates really low most of the time a mortgage payment is cheaper than rent. Home Ownership is STILL one of the best investments long term that you can make!  No matter what part of the Triad you are looking at, this area has something to offer everyone!
The Winston-Salem area is a huge supporter of the arts and there is always something to enjoy at Stevens Center for Performing Arts, attend an Opera Productions or visit the Sawthooth Center for Visual Arts. Trade Street in Winston-Salem is known as the ‘arts district’ and during the spring and summer is the location for musical events such as Jazz on 4th, Rock the Block and Alive After 5. If you are a sports fan, don’t forget to support our very own Wake Forest Deacons or take in a minor league baseball game at the new stadium of the DASH. Winston-Salem has the largest mall between Washington D.C. and Atlanta as well as being one hour away from Charlotte, shopping never falls short. Clemmons is the home of one of the BEST recreational parks in the area. Tanglewood Park was the original 1100 acre estate of William Reynolds, brother of RJ Reynolds. The property became part of the Winston-Salem Forsyth County Parks Department in 1977. Tanglewood Park has a lot of great activities for all ages. Lewisville is a quaint community with lots of activity for the residents that call it home. All of the great communities in and around Winston-Salem are just minutes away from downtown with easy access from I-40 and Business 40. A slower space than bigger cities, great schools, large employers such as Novant and RJ Reynolds Tobacco, shopping, the arts, a big variety of youth sports and being close to the mountains and the beach makes the Winston Salem, Clemmons, Lewisville and surrounding areas the BEST place to live, work and play year round. Whether you are a BUYING A HOME or SELLING A HOME, I will help make one of the biggest decisions in your life less stressful. As a top real estate agent in this area, I have the experience and knowledge that you are looking for. I AM ALWAYS FOCUSED ON WHAT’S IMPORTANT TO YOU!
- Jody Peske
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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| Q |
Where are church services held in the water each Sunday during July and August?
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| A |
At Half-Moon Bay, Ontario, worshippers gather in boats facing the natural stone pulpit, and hymnals are passed to the floating congregation by ushers in canoes. |
 See More Real Estate Trivia > |
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Jody Peske
Keller Williams Realty
1540 Westbrook Plaza Drive
Winston Salem, NC 27103
Cell: 336-918-7496
Fax: 336-231-8341
Office: 336-231-8241
jodypeske@NUMBER1EXPERT.Com
I really enjoy what I do and it shows. I work very hard for my clients as I consider them life-long friends. Whether you are buying or selling a home, I am ALWAYS FOCUSED ON WHAT'S IMPORTANT TO YOU!    
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