Saturday Reporter-Herald February 26, 2011 E1
Real Estate Matters
www.homeandrealtyguide.com • Saturday, February 26, 2011 • Reporter-Herald
Albers: Realtors abide by Couple may not qualify for strict code of ethics times. A Realtor makes every effort to understand the housing needs of his or her client, thoroughly researches available inow does the Realtor’s ventory and shares all relevant code of ethics affect evinformation with the buyer so eryday real estate practhat he or she can make an intices? If a Realtor represents formed decision. This you, whether you are service is provided rebuying or selling a gardless of the comhome, you can count pensation available. on that Realtor to: 3. Disclose all per1. Be honest with tinent facts regarding all parties in the the property and the transaction — not transaction to both just with you, as his buyer and seller. or her client, but alIf a Realtor believes so with the other reinformation provided al estate practitioner by a seller is quesand his or her Kurt Albers tionable, the Realtor clients. is obligated to invesFor example, if Retigate. Realtors altors represent a buyer with a should recommend that buyers spotty credit history, they can’t consult their own experts, such be dishonest with sellers about as home inspectors, to address this fact. At the same time, Reconcerns. For example, if a altors can help their buyer colhome seller asks his or her Reallect and assemble information, tor to conceal the fact that the such as credit reports and auroof leaks, the Realtor cannot dited tax returns, to demoncomply; if the seller insists, the strate that the buyer has the problem and improved their sit- Realtor should end the business relationship with that seller. uation. 4. Be truthful in all communi2. Put the client’s interests ahead of his or her own at all cations with the public.
KURT ALBERS COLORADO ASSOCIATION OF REALTORS
tax exclusion ILYCE GLINK TRIBUNE MEDIA SERVICES
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Q
uestion: I have some questions regarding the tax exclusion homeowners are entitled to when they sell their primary residence. Let’s say a homeowner who has lived in his primary residence for at least two of the past five years is selling his home. As I understand it, he is allowed to keep up to $250,000 tax-free of the profits. But let’s say that six months to a year prior to the home sale, the homeowner marries and files jointly. Although one of the individuals hasn’t lived in the home for the full two years, would they still be allowed to take up to $500,000 tax free? Also, let’s say there is some profit above the $500,000 or $250,000 (if the spouse is ineligible). Will the amount be taxed at the marginal tax bracket of the individual or couple or is it a flat 3 or 4 percent on the amount? Answer: According to IRS Publication 523, by selling your home, you and your spouse would qualify for the $500,000 exclusion if all of the I See GLINK/Page D8
Estate H&RE Real Briefs
When Realtors distribute newsletters, create web sites, or place advertisements, they must be careful not to represent other real estate professionals’ work product as their own. If a recently sold or listed property in the community is publicized, it must be clear whether the Realtor was actually involved in the transaction, or whether that data came from the local multiple listing service or other source. This ensures that the public understands the Realtor experience and can make an informed decision when choosing real estate. Realtors regulate themselves to make sure they follow this code of ethics. If you know of a Realtor not complying to this, please let your Realtors board know. If you real estate sales person is not a Realtor, your complaints may need to go to the real estate commission; they are not governed by any Board of Realtors. When you are buying or selling, make sure you agent is a Realtor. Kurt Albers is the NE District Vice President of the Colorado Association of Realtors. He can be contacted at 970-231-1224.
LARIMER COUNTY YOUTH CONSERVATION CORPS OFFERING FREE ENERGY ASSESSMENTS The Larimer County Youth Conservation Corps is offering free basic energy efficient assessments for qualified residents. The organization is aiming to positively impact the local community with this conservation project. In the program: • Services and products provided at no cost to the homeowner • Crews will install energy efficient products such as compact fluorescent bulbs, retractable clotheslines, programmable thermostats and low-flow shower heads and faucet aerators. • Crews will conduct a visual inspection of your refrigerator, water heater, heating/cooling system and home insulation. • Crews will offer education on efficiency practices intended to lower your energy use and utility bill. Energy resources and potential rebates will be discussed. Elegible households shall be determined based on utility provider and income eligibility. To find out if you qualify, visit www.larimerworkforce.org/ energy or contact the LCYCC Energy Coordinator at 970-498-6081 or e-mail bkiefer@larimer.org.
Inside this week’s Home & Real Estate Realtor of the Week
Real Estate Transactions
Rhonda Heth, The Group, Inc. Real Estate
Director y
Listings from Front Range properties recently sold
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Carol O’Meara: How to prune your fruit trees
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FEATURED PROPERTIES - UP TO $199,999 OPEN HOUSE SUN 12-2
OPEN HOUSE SATURDAY 1PM-3PM
OPEN SAT. & SUN 11-1
OPEN HOUSE SAT AND SUN 12-2
402 Longs Peak Ave, Berthoud
4253 LaVeta Dr, Loveland
4629 N Franklin Avenue
2229 Arikaree Ct. Loveland
985 W 10th St E2
Fantastic 3bd 1ba brick ranch on corner lot. New kitchen appliances, new paint inside, fenced yard. 2 Storage sheds. Beautiful wood floors, sunroom/office. MLS#647954 $159,000
4 bedrooms, 3 baths, 4 car garage. All Bedrooms are a good size and the Garage is 718 sq ft The Patio has a new privacy fence. MLS#646053 $199,900
3 bed/3 bath home on a beautifully landscaped corner lot! Newer stainless steel appl., roof & paint. Hot tub room & sunroom. Large family room and oversized garage. MLS#634133 $199,900
PRE-LISTED BANK OWNED PROPERTY! 1100SF/3BR/1BA/2GA plus shop, move-in condition, remodeled w/ granite and tile on large lot.
Updated townhome in established Willow Briar. New laminate floors on main level and newly remodel bath up. Newer oak kitchen cabinets. Two bedrooms up with loft. HOA $115 mo. MLS #647884 $128,500.
Century 21 Humpal, Inc Ursula Albers 970-231-0548 Ursula.Albers@century21.com
Century 21 Humpal, Inc Todd Murray 970-290-8899 Todd.Murray@century21.com
Steve Baker 970-302-0879 Felipe Sorzano 970-302-0879 or 970-330-7700 stevebakerrealestate.com
$300,000 - $399,999
$200,000 - $299,999 OPEN HOUSE 1-3PM SATURDAY
PRICE REDUCED-$267,900
Toni Alloway 970-690-5824 www.coloradohomes.com
Jerry Hessler Coldwell Banker Residential Brokerage 970-214-4612 jerry.hessler@coloradohomes.com ww.coloradohomes.com
OPEN HOUSE SATURDAY 1PM-3PM
OPEN DAILY 12-5
MARIANA BUTTE $318,000. SAT.12:30-3:30
2656 Autumn Harvest Way
219 E. Michigan Ave-Berthoud
1612 E. 1st Street, Loveland
2175 Rio Blanco Drive
4688 Twin Peaks Court
Harvest Park Beauty! Immaculate 3BD/2BA w/ upper level FR. Brazilian Cherry wood floors, Caesar Stone countertops & SS appliances. Unfin. bsmt for expansion. Community pool. Laura Leslie 744-8082
2826sf brick 2-story w/ 3BD, 2BA & across from a park! Maple cabs, corian counters & brkfst bar in kitchen! Solid oak flring, gas fireplace, main flr laundry, 9’ ceilings, crown molding & 2-car garage.
Fantastic ranch style home with 960 Sq Ft, heated 3 car garage/shop with electricity and additional carport that could be enclosed. Great wood deck w/ hot tub. MLS#647171 $214,900
Visit our exciting new homes in Meadowbrook Ridge. This home has 3bdrm, 2ba and full unfinished basement. Granite, Tharp cabinets, 3 car garage. $359,000.
A must see, 4bdrm, 3ba, 3479 sq ft open 2-story on green belt, cul-de-sac lot. Granite, newer flrs, custom paint, formal living and dinning, main floor den, loft, mountain & lake views.
Barbara Giesey Coldwell Banker Residential Brokerage 970-222-4035 barbaragiesey@msn.com www.BarbaraGiesey.com
Marian Maggi 970-290-0908 marian@berthoudrealestate.com www.berthoudrealestate.com
Century 21 Humpal, Inc. Ursula Albers 970-231-0548 Ursula.Albers@century21.com
Janet Erickson and Melissa Doherty Coldwell Banker Residential Brokerage 970-290-1315 or 970-391-5800 erikjan@q.com or milissa.doherty@coloradohomes.com www.coloradohomes.com
Rick L. Kelleher Coldwell Banker Residential Brokeage 970-980-7218 ricklkelleher@msn.com
LAND FOR SALE SALES OFFICE OPEN SUN 11-12PM
Warberg Farm at Chapman Reservoir OPEN Sunday 11-1PM. 2+ Acre Lake front & horse lots starting $225,000, water tap included. Surface rights, walk paths, parks, boat docks, fishing and peace garden.
08-324713
Kurt Albers Century 21 Humpal, Inc. 970-231-1224 kurtd57@msn.com www.warbergfarmatchapmanreservoir.com
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