Fredericksburg, Stafford, Spotsylvania and Prince William real estate and homes for sale in Virginia - The Davis Team, REALTORS® The Davis Team REALTORS(r) for Fredericksburg, Stafford, Spotsylvania and Prince William, Virginia real estate - NUMBER1EXPERTS™ The Davis Team NUMBER1EXPERTS(tm) for Fredericksburg, Stafford, Spotsylvania and Prince William, Virginia real estate
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The Davis Team, REALTOR®, real estate agents and broker for Fredericksburg, Stafford, Spotsylvania and Prince William Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
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International Homes: Fredericksburg, Stafford, Spotsylvania and Prince William Virginia home buying, real estate listings, and homes for sale in Fredericksburg County, VA
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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! 

It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 

The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. 

When you click on any link above, you'll see your chosen site, along with a form at the bottom of your screen. Use this form to request our quick Status Report on any homes or other real estate that interests you. It's free and without obligation. 

Remember: As top Fredericksburg, Stafford, Spotsylvania and Prince William area REALTORS®, it's our job to know more about a property than any web site. Make sure you have the most current information! 



Real Estate Tips
Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Real Estate Trivia
Q 
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?

A 
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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The Davis Team, REALTOR®, real estate agents and broker for Fredericksburg, Stafford, Spotsylvania and Prince William Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Davis Team Realty
RE/MAX Allegiance

1671 Jefferson Davis Hwy.
Su. 204
Fredericksburg, VA. 22401
Phone: 540-891-8009
Toll Free: 800-729-3013 Ext. 109
Fax: 866-285-6998
Prince William Office: 703-652-4317
Email: info@davisteamrealty.com

The Davis Team is committed to exceeding our client’s expectations during the home buying or home selling process by providing outstanding customer service and unparalleled support. We have the experience and real estate expertise to guide you through the process of buying or selling a home successfully and stress free. Our clients are the #1 priority in our business.

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