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Welcome!
The corridor between Baltimore and Washington DC has many interesting and varied communities which provide families who need to commute the opportunity to find just the right home. You will find great information for Columbia, Ellicott City, River Hill, Laurel, Silver Spring, Eldersburg, Sykesville, Frederick, Rockville, Gaithersburg, Owings Mills, Reisterstown, Ft. Meade, and the surrounding Counties on our website.  Boyd and his team of residential realtors are regarded as the top relocation real estate experts in these areas. The McGinn Real Estate Group provides a complete package of relocation services including: area consulting, affordability information, new home construction resources, school information and entertainment information. We are also connected to a local network of preferred contractors and service providers, making your move that much easier! Let us know how our concierge services can assist you in your next home buying or selling experience in Maryland. Looking for homes?
Search everything the web has to offer, right here! Don't miss our Feature Homes and be sure to sign up for our FREE Homefinder System! Need local real estate information?
We've summarized much of what is important about the Maryland real estate market in this site. Want to Get to Know The Local Area?
Since we're the Number 1 Experts of the Maryland Area, we've added a bit of our knowledge to this website so that you can find all the information you need about living in Maryland in one place. Check out Local Schools, Service Providers, and even Crime Statistics. Need expert advice?
No web site, large or small, can take the place of a top real estate agent. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. Contact us with confidence!
We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate consultants for life. As your trusted, professional real estate consultant, we 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. As top real estate agents in Maryland, we have the experience and track record you are looking for. Please let us help. - McGinn Real Estate Group  |
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School Board Information
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What Newport, Rhode Island mansion was built as a birthday present and incorporates 500,000 cubic feet of white marble?
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| A |
The Vanderbilt Marble House was constructed by railroad baron William K. Vanderbilt for his wife Alva, who later divorced him, remarried and moved into a mansion down the street. |
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Moving Coach
The MOVING COACH™ is a complimentary moving service that will help you overcome common moving challenges.
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