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"Helped create a virtually stress-free process"
"With a 2 year-old, and a new baby, you helped create a virtually stress-free process and treated us as family (in a good way)!"
The Segerman Family September 2005
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"Made us feel our needs were her top priority"

"We cannot say enough about our wonderful experience working with Long & Foster agent Nancy Schwiesow. Her experience, integrity and professionalism were exactly what we hoped to find in a buyer’s agent.
Nancy listened to - and really heard - our requirements and concerns, and we immediately felt comfortable working with her. From day one, Nancy always made us feel like our needs were her top priority. She patiently answered our many, many questions and was constantly on the look-out for new properties. As first time home buyers, we were particularly grateful for Nancy’s down-to-earth personality and accessibility.
We were searching for a house during a time when the housing market was incredibly competitive, and Nancy provided us with a much needed dose of optimism, and realism. Her expertise and knowledge of the market was invaluable. With her help, we found a house that we love, at a great price!
Even after settlement, Nancy has proved to be a wonderful resource. Her familiarity with Silver Spring and businesses in the area has made our transition to our new neighborhood and home easier than we imagined.
We consider ourselves fortunate to have worked with Nancy - and to count her as a new friend. She is certainly an asset to the Long & Foster family. We look forward to recommending Nancy to our friends and colleagues looking to buy, or sell, in the area."
 

Janet and Bret Forville May 2002

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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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Nancy Schwiesow and Paul Schwiesow, REALTOR®, real estate agent and broker for Silver Spring and Bethesda Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Schwiesow and Paul Schwiesow
Long and Foster Real Estate

4650 East West Highway
Bethesda, MD. 20814
DIRECT - Best Contact #: 301-215-6845
Home Office: 301-587-8458
Fax: 301-907-6610
Office Number (Main): 301-907-7600
Email: nancyandpaulschwiesow@NUMBER1EXPERT.com

Experts in homes for sale and real estate opportunities in Montgomery County MD and Washington DC. Primary market areas include Bethesda 20814 - Bethesda 20816 - Bethesda 20817 - Chevy Chase 20815 - Colesville 20904 - Garrett Park 20896 - Kensington 20895 - Leisure World - Potomac 20854 -Rockville 20850 - Rockville 20852 - Rockville 20853 - Sandy Spring 20860 - Silver Spring 20903 - Silver Spring 20905 - Silver Spring 20906 - Silver Spring 20910 - Takoma Park 20912 - Wheaton 20902 Washington DC - 16th Street NW - Crestwood 20011 North Capitol Hill 20002 - South Capitol Hill 20003 - Cathedral Heights 20016 - American University Park 20016 - Columbia Heights 20010 - Connecticut Avenue - Georgia Ave. - Mount Pleasant 20010 - Downtown 20036 - Dupont Circle 20009 - Logan Circle - Adams Morgan - Friendship Heights - Chevy Chase 20015 - Georgetown 20007 - U Street - Cleveland Park 20008 - Takoma Park - Foggy Bottom 20037 - Rock Creek Park - Military Road - Woodley Park

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