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ByKeith May

What realtors do in Oklahoma

Happy spring and early summer everyone. The local Real Estate Market in Oklahoma is doing quite well. There is one thing many REALTORS like very much to do after a long day.  See youtube video below.

See the below links for other helpful information. Contact me about home prices in Edmond, Oklahoma or home prices in Oklahoma City, Oklahoma or school information in Edmond, Oklahoma.

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Keith May, Keller Williams, 405-330-2626,


ByKeith May

My first wordpress Blog….Tax on selling real estate.

Reminder:  3.8% Tax is Not Tax on Real Estate

Posted: 09 Mar 2012 10:38 AM PST

Tax time is nearing and once more rumors are circulating on the Internet and by e-mail that the health care reform law enacted two years ago includes a 3.8 percent transfer tax on real estate starting in 2013. That rumor is not true and NAR has material available to you to explain how that 3.8 percent tax works. It’s a tax on a very narrow band of investment income for high-wealth households (those who earn $250,000 in a joint return or $200,000 as an individual) that could come into play on the sale of a house if the sales gain is more than $500,000 for a married couple or $250,000 for an individual.

Even in the unlikely event the sales gain is more than that amount, the tax would only apply based on other considerations having to with the household’s income and tax situation. The bottom line is, the tax, which was imposed to help shore up Medicare, will only hit some portion of investment income.

ByKeith May

Hello world!

Welcome to After you read this, you should delete and write your own post, with a new title above. Or hit Add New on the left (of the admin dashboard) to start a fresh post.

Here are some suggestions for your first post.

  1. You can find new ideas for what to blog about by reading the Daily Post.
  2. Add PressThis to your browser. It creates a new blog post for you about any interesting  page you read on the web.
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