Edmond, Oklahoma City and Deer Creek real estate and homes for sale in Oklahoma, acreages, new construction - Dan & Barbara Cunningham, REALTORS® Dan & Barbara Cunningham REALTORS(r) for Edmond, Oklahoma City and Deer Creek, Oklahoma real estate, acreages, new construction - NUMBER1EXPERTS™ Dan & Barbara Cunningham NUMBER1EXPERTS(tm) for Edmond, Oklahoma City and Deer Creek, Oklahoma real estate, acreages, new construction

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We have direct access to the Edmond, Oklahoma City and Deer Creek area MLS (Multiple Listings Service), and also to every other agents in the area and all of their listings. 

If you give us some idea of what you are looking for, we will personally review all our sources of real estate listing information and send you everything within your price range that matches your criteria. We can save you a great deal of time! 

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Real Estate Tips
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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Real Estate Trivia
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What is the largest home in Hollywood?

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The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million.
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Dan & Barbara Cunningham - Oklahoma City, Edmond OK real estate experts

Dan & Barbara Cunningham
RE/MAX Associates

1900 S.E. 15th Street, Suite 500
Edmond OK
73013
405-359-8700
Fax: 405-341-7410
buyahome@danbarb.com

Dan and Barbara's business philosophy is to treat each client as though they are family. Building long-term relationships with honesty and putting the clients needs first have made Dan and Barbara highly respected and recognized REALTORS in the Edmond, Deer Creek and Oklahoma City area. Whether a first home or a dream home Dan and Barbara take time to listen to their clients and their needs to achieve exceptional results.

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