Who Is Pat Wilson-Thomas, CRS?  Pat Wilson-Thomas is more than just a normal Realtor® on Lake Conroe, she is also a property owner since 1981. Lake Conroe was just a weekend home for several years but she soon fell in love with the area and decided to make it her full time residents in 1984. Pat has owned property in several neighborhoods and continues to work where she call home, Lake Conroe! As a permanent resident in Montgomery County she brings 20 years of knowledge of the area and a real passion for the place she calls home!
Pat is a full time real estate agent and has successfully continued her education in the real estate industry by earning her CRS (Certified Residential Specialist) designation, a recent graduate of the Luxury Home Institute and has earned her Real Estate Brokers License. She is also a member of the Houston Associations of Realtor, National Association of Realtor, Texas Association of Realtors, and CRS Association.
While building her career she managed to raise two children--Gretchen, a graduate of Catawba College and now a teacher, and her son Shawn, a special needs adult with Downs Syndrome. In addition to her children she shares her life with her new husband Dalton.
During her free time she and Dalton enjoy riding their Harley Davison motorcycles, collecting antique cars, boating activities on Lake Conroe, traveling, and just having fun together.
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
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.
|
|
| Q |
How can you give your home the equivalent of sunglasses?
|
| A |
Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets. |
 See More Real Estate Trivia > |
|
|
Pat Wilson-Thomas, CRS
Elite Real Estate Professionals
12818 Hwy 105 W Suite 2 - J
Conroe, TX 77304
Direct: 936-524-0009
Office: 936-524-0009
Fax: 936-647-2749
Email: PatWilson@NUMBER1EXPERT.com
Pat Wilson - Thomas, CRS is the NUMBER1EXPERT™ in the Lake Conroe area. She has a proven track record that few agents can match! She brings Knowledge, Commitment, and Trust that surpasses the normal Realtor. Pat Wilson is a professional that has your best interest in mind.    
www.PatWilsonSellsLakeConroe.com is brought to you by
Pat Wilson-Thomas
NUMBER1EXPERT™ in real estate for
Lake Conroe, Conroe and The Woodlands, Texas Read Pat Wilson-Thomas'
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
