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Contact us today to learn more regarding our focus on service and your needs. Call 512-406-1086.
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Buyers Want Your Home for as Little as Possible Before selling your home, you should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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Out of Town Buyer - Minimal Visits Moving from the east coast with minimal travel opportnities, Jonathan understood our needs and kept us abreast of market conditions. Marty and Leila Hayden Read Quote > View All Quotes >
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Jonathan Creath is one of The Top Selling Real Estate Experts Find Out More > |
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|  | | | Jo & Jonathan Creath | |
  In 1971, after many years dedicating his life to our country, Garry Creath was medically discharged from the U.S. Air Force. Because he was trained to serve and help others, Garry decided to enter the real estate business in Colorado Springs and grew it furthur in Lubbock, Texas. For eighteen years, Garry built up the family's reputation and in 1989 he faithfully decided to expand the business in the beautiful area of Austin. Jo Creath, Garry's loving wife, partnered with him in the family's business in 1992. Jo brought her love for people, devotion to family and friends and caring attitude to the real estate world. Adding these wonderful characteristics to Garry's love for business made a perfect team that developed trust, loyalty and commitment with their dear friends, family and clients. Taking care of business was their passion and drive. In 1997 after six rewarding years as business partners, Garry passed away, opening the doors for his children to share in his love for real estate. Garry Creath II lovingly joined his mother to continue his father's legacy. Throughout this time, Jonathan was gaining valuable experience selling software to Fortune 500 companies and developing a passion for helping clients. After gathering extensive experience and knowledge serving others, Jonathan faithfully moved to Austin to join the family business. Jonathan and Jo have combined their service, passion, and experience to develop a real estate team that is unmatched by any other. Their past, present, and future clients will all agree that the rich family tradition combined with professional attention to detail will guarantee a real estate experience full of satisfaction and success. In 2008 Creath Partners joined Capital City Sotheby’s International Realty, the Austin affiliate for Sotheby’s International Realty. After serving as a managing partner for a year in a half, Jonathan Creath became co-owner at this prestigious firm with Doug and Mary Land. This collaboration creates a powerhouse team by incorporating the world-renowned Sotheby’s International Realty affiliation, technology and global reach, with Creath Partner’s solid tradition of excellence, resulting in a synergy that is unmatched in service to their clients. The Sotheby’s International Realty network currently has more than 10,500 sales associates located in more than 590 offices in the United States and 35 other countries and territories. In addition to more referral opportunities and widened exposure generated from these sources, Creath Partners client’s will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. 
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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 |
What three things are necessary in order to purchase a home?
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Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible. |
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Jonathan Creath Capital City Sotheby's International Realty 13420 Galleria Circle, Suite A-105 Austin, TX 78738 Office: 512-610-3206 Mobile: 512-406-1086 Fax: 512-261-0009 jonathan.creath@sothebysrealty.com
With 37 blessed years of serving our client's needs, we look forward to offering that experience to you. Real Estate is a business of partnership in which our number one focus is partnering with our clients to exceed their desires.
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