McHenry County real estate IL, Crystal Lake real estate and Woodstock real estate, home listings and homes for sale in Illinois - The Rick O'Connor Group, REALTORS® The Rick O'Connor Group REALTORS(r) for Woodstock, Illinois real estate - NUMBER1EXPERTS™ The Rick O'Connor Group NUMBER1EXPERTS(tm) for Woodstock, Illinois real estate
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Real Estate Agents are NOT alike! Find out why we are one of the top teams in McHenry County. Excellence In All Things, All Things To His Glory


Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Step By Step Process
With Rick's experience in the real estate field, everything went very smoothly...
The McMichael's ~ 1209 N. Park, McHenry
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Real Estate - Homes - NUMBER1EXPERTS Sell More!
The Rick O'Connor Group are some of The Top Selling Real Estate Experts™
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Tried and Proven Professionals
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AmeriSpec Home Inspections
Frank Severtsen - (815)568-0020
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Farmers Insurance
Steve Bellefontaine - Insurance Advisor - 847-398-7608
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One World Title, Inc
Teri Stuckmann - Manager - (815)788-0350
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Pillar Financial, LLC
Chris Conmy - Mortgage Planner - (847) 359-1700
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Premier Mortgage Funding, Inc.
David Luczak - Mortgage Banker - (262)348-9655
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Premium Inspections Incoporated
Brad Judd - Licensed Home Inspector - (847)769-6710
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ROC Property Managment - (815) 455-1112
Our team will manage your small or large income properties.
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State Farm Insurance
Mark Mitchell - (815)334-1000
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Real Estate Tips
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.

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Real Estate Trivia
Q 
What is the earliest residential building that remains in Manhattan?

A 
Fraunces Tavern, built in 1719, is where George Washington delivered his Farewell Address to his officers in 1783.
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School Reports
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As soon as we list another home for sale, we'll email you. You'll know first.
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Beautiful Staging ~ Professional Home Staging
Susan Stephen ~ 815-455-9548
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The Rick O'Connor Group, REALTOR®, real estate agent and broker for  McHenry County, Crystal Lake and Woodstock Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Rick O'Connor Group
Realty Executives Cornerstone

7115 Virginia Rd. Ste. 101
Crystal Lake
IL 60014
Private Office: 815-477-3000
Toll Free: 866-854-1100
Fax: 815-459-1112
Email: houses@rickoconnorgroup.com

The Rick O'Connor Group has been ranked in the top 5% of REALTORS™ in his area since 1990. The Rick O'Connor Group is one of America's NUMBER1EXPERTS™ in all areas of McHenry County, and well equipped to guide you through all your real estate needs. Call or email his team today! And remember Excellence In All Things, All Things to His Glory.

ABREqual HousingGRIMLSREALTOR


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