[motion]

Here's how it works:

You bought a house in year 2000 for $100,000

You sell it in 2006 for $150,000

Your profit is $50,000 minus improvements, fees, points, etc.

You must identify a new property(s) within 45 days of selling the home

You must close on the new home(s) within 180 days of selling the home

The new property(s) must have a cumulative purchase price of at least $150,000