Your privacy is important to us at VOR Sells Homes. The purpose of this privacy policy is to explain to you about the types of information we collect about you when you visit this Site at www.VORSellsHomes.com ("this Site"), and how we use that information. By visiting or using this Site, you agree to the provisions of this privacy policy. If you do not agree to the terms of this Policy, please do not use this Site.

This policy only applies to information collected while you are on this Site pages. These pages may contain links to other Web sites. These third-party sites may include sites of service providers who may be permitted to display the VOR SELLS HOMES logo. Please be aware that when you click on a link that takes you to another website, any information you provide, including financial information, is subject to the privacy policy of that site. VOR SELLS HOMES does not control and is not responsible for the practices of such sites.

Information We Collect:
We collect and store information that you voluntarily provide to us as well as data related to this Site visit and usage.

We collect personally identifiable information (including, but not limited to, name, address and phone number) that is voluntarily provided to us by you. For example, you voluntarily provide personally identifiable information when you send us an email, use certain features of the Site such as the Contact a VIRTUAL OFFICE REALTY, or sign up for a property search, or register with this Site.

In addition, during your visit we automatically collect certain aggregate information related to this Site visit. Aggregate information is non-personally identifiable or anonymous information about you, including the date and time of your visit, your IP address, your computer browser information, the Internet address that you visited prior to and after reaching this Site, the name of the domain and host you used to access the Internet, and the features of this Site which you accessed.

Use of Cookies
We use cookies on our website. Cookies are data files that are downloaded onto your computer when you visit our site and that automatically identify your browser to our server whenever you interact with our site. We do link the cookies to your personally identifiable information on our servers, and no personal information is stored in the cookies themselves. We use cookies to track your use of our site, and to authenticate users of our property search programs. We do not share cookies with any other site. If you prefer not to allow us to collect cookie information, you can block cookies with your browser as described below.

How We Use Information
We use collected information to make available and to improve our high standard of reliable services. We use such information to respond to inquiries or service requests and monitor such responses; to provide information about and market our products or services, including the VOR SELLS HOMES affiliates and independent agents we work with through our RelocationMLS network of agents throughout the country.

Disclosure of Information
We do not sell or rent personally identifiable information to third parties who are not affiliates of VOR SELLS HOMES or member agents of our RelocationMLS program. We may disclose personally identifiable information to appropriate agents who have been assigned to assist you with a property search you requested. In addition, we reserve the right to disclose aggregate information and personally identifiable information to third parties as required or permitted by law and when we believe that disclosure is necessary to protect our rights.

Effective Date: Policy Changes
This privacy policy is effective as of January 1, 2006. Each time you use the Site, the current version of the policy will apply. Accordingly, when you use the Site, you should check the date of this policy (which appears at the top of the policy) and review any changes since the last version. We reserve the right to change this policy from time to time without prior notice. Any such policy changes will be effective as of the date on which they are posted.

Limitation of Liability
UNDER NO CIRCUMSTANCES SHALL VOR SELLS HOMES BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES THAT RESULT FROM THE USE OF THE INFORMATION OR MATERIALS ON THIS SITE, EVEN IF VOR SELLS HOMES OR AN AUTHORIZED REPRESENTATIVE OF VOR SELLS HOMES HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Governing Law
This policy is governed by the laws of the State of Washington without giving effect to any principles of conflict of law.

Contact Us
To contact us with your questions or comments regarding this policy or the information collection and dissemination practices of this Site, please email us at billbastine@VORSellsHomes.com.

Privacy Policy

Your real estate solution awaits.

Would you be willing to put off the sale of your home for 2 years in order to be able to reinvest your proceeds and defer taxes on your sale?

Here is an example of a client we are working with right now:

Our client has a highly appreciated home, wants to defer taxes on the sale of their  home and still be able to claim the Section 121 exclusion. 

·  Client paid $198,000 for their Sammamish home in 1989.

·  Client invested $143,500 in improvements over the years and has the receipts: 

New Kitchen, New master bath, new roof, new guest bath, added a fence, 2 decks, created a closet in the attic off the master bedroom, added a patio off the front porch

·  Client’s house value today about $1,650,000.

·  If they sold it, they would likely have to pay capital gains tax of about $135,800 as follows:

Sales Price:              $ 1,650,000

Cost of Sale:             $   132,000

Purchase Price:        $   198,000

Improvements:          $   143,500

Gain on Sale             $1,176,500

Section 121 Excl       $    500,000 (married filing jointly)

Taxable Gain            $    676,500

Cap Gains Rate:                  20%

Tax on Sale:             $    135,300

Last year they bought a home in Florida for $579,000 that they hope to retire to someday, but for now, are renting the home to cover the costs.

When they decide to retire, they plan to:

 1.  Move into their Florida rental house and make it their new primary residence.

2.  Convert their Sammamish house into a rental property for at least 2 tax seasons.

3.   After 2 years of rental, but before 3 years of rental, sell the Sammamish house using a Section 1031 exchange.

4.  Claim the Section 121 exemption on the sale of the Sammamish house and use that $500k to pay off their loan on the Florida house.

5.  Use the 1031 exchange on their sale to roll the remaining proceeds into a Delaware Statutory Trust so it would continue as investment property for them.

 After all that, they hope to end up with:

·  A Florida home free and clear of all debts;

·  About a $919,000 investment in a DST (currently yielding about 5% cash on cash).

Look at the attached chart below to see an example they used to make their decision. It’s a side-by-side comparison for them showing the difference between Selling now and paying the taxes vs converting to an investment property and then exchanging into a DST in about 2 years.

Example of Sammamish client transition to DST.