Alpena, Presque Isle and Hubbard Lake real estate and homes for sale in Michigan - Margie Haaxma, REALTORS® Margie Haaxma REALTORS(r) for Alpena, Presque Isle and Hubbard Lake, Michigan real estate - NUMBER1EXPERTS™ Margie Haaxma NUMBER1EXPERTS(tm) for Alpena, Presque Isle and Hubbard Lake, Michigan real estate
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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 Alpena, Presque Isle and Hubbard Lake area REALTORSŪ, 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 
Where would you go to visit the largest ancient castle in the world?

A 
You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres.
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Margie Haaxma, REALTORŪ, real estate agents and broker for Alpena, Presque Isle and Hubbard Lake Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Margie Haaxma
Banner Realty

259 S. Ripley Blvd.
Alpena MI 49707-4003
989-356-1177
800-356-9961
Fax: 989 356-2147
margiehaaxma@NUMBER1EXPERT.com

Alpena's Most Successful Team... Margie Haaxma is Alpena's #1 Listing and Selling Agent and Broker of Banner Realty. She is a native of Alpena and was born to sell real estate! Her love is working to make a smooth and pleasant transaction for the buyer and seller. Margie's knowledge, experience, ethics, and training have been built over the years and the foundation of her business is from referrals. We welcome you once again...to Alpena's Most Successful Team...

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