Here is another way of looking at and understanding 'how' changes in property ownership laws could effect you. This information is also available and gathered by the National Association of Realtors. Here are some of the important information my clients, and you , will want to to keep handy when you buy and  when you sell property:

Mortgage cancelation relief is extended until January 1st, 2014.  This is for people doing short sales and not wanting to be taxed on the amount shorted to the bank.

Deductions for mortgage insurance premiums for filers making under $110,000 is extended through 2013 and is retroactive for 2012.

Effecting every homeowner is the energy efficiency tax credit of 10%. The total for this credit is $500 and  was extended through 2013 for improvements- but ONLY to EXISTING homes.

Capital Gains Rate: The C.G.R.  will stay at 15% for those making under $400,000/$450,000  After that tax rate will now be  20%.  The $250,000/$500,000 exclusion for the sale of a single family residence stays in place.

Estate Tax:  The first $5 million in individual estates and $10 million in family estates are now exempt from estate taxes.  After that the rate is 40%.

The market here in Chapel Hill, Carrboro, and Durham has improved significantly. Homes are selling faster and in some cases, seeing multiple offers. Having a great negotiator is important now, more than ever, in a real estate sale! My team, and as a result, my clients, have  been so successful because of this and  we had a GREAT year helping our clients find new homes!

If you are looking to buy or sell a home in Chapel HIll, NC or Durham, NC please contact me at or 919-414-0337, or


Masha is a certified member of The Institute for Luxury Home Marketing, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings. Masha is also a certified certified member of Keller Williams Luxury International and is also a member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing. Masha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting