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Welcome! Here You Can Find Great Information on Celebration, Lake Nona and Orlando, Florida Real Estate  Looking for a place to call home? Search everything the web has to offer, right here! The Real Estate Experts Near Disney of Imagination Realty are here to help you find the perfect home and the perfect location. We pride ourselves on taking the time and dedication to make sure you find exactly what you are looking for. We are here to provide you with all the necessary information on Central Florida and answer any questions you might have. Just register on our site and we will respond to you personally and promptly. When you decide to register on our site just tell us what you are looking for in a home. We will be glad to assist you. We guarantee your privacy will be respected. We offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As top Celebration, Lake Nona and Orlando real estate agents, we have the experience and track record you are looking for. Please let us help find the home of your dreams! Here are a few things we would love to help you with… • Search listings from the comfort and convenience of your home. • Have listings e-mailed directly to your in-box. • Financial advice. • Be the first to get new listings that match your criteria. • Personal Consultation anytime via email with Karen and Monica. • Keep you posted with the latest events in Central Florida. • One-on-one expert advice. Imagination Realty is located in the HEART of Downtown Celebration on Celebration Avenue. We are just minutes away from Walt Disney World Theme Parks and Resorts. Approximately 20 minutes from Orlando International Airport. Our Central Florida location is just 1.5 hours to either Coast to visit pristine beaches. Imagination Realty is independently owned and operated. If you are looking for professional Central Florida realtor to help with buying or selling a home you have come to the right place. If you are in the area, please stop by our office and ask to speak to a member of the Real Estate Experts Near Disney. We would love to meet you! Step into our town of Celebration… Celebration is a quaint town right outside of Orlando. It is a planned community originally a division of the Walt Disney Company. Celebration has become as magical as the theme parks themselves. World drive connects Celebration directly to the Walt Disney World parks and resorts. The first residents of Celebration began moving in the summer of 1996. The population today has reached over 10,000. The homes and downtown area in celebration follow a southern American village theme from the 1930’s. Celebration utilizes the principles of traditional historic designs and capture the community spirit of Old Florida. Traditional neighborhood design is reminiscent of the street and community plans for small towns that were built before the middle of the last century, emanating historic housing patterns predating World War II. This type of planning brings together a variety of types of homes and businesses in a walkable community. The downtown area consists of many shops and restaurants. If you are looking to take a visit to our town, Celebration also has the beautiful Celebration Hotel located right in the heart of downtown Celebration. Thank you for visiting our site. We look forward to doing business with you! - Team Imagination  
Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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| Q |
Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
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| A |
El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA". |
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