Shopping for Your Home

Monday, March 10, 2008

Spring Forward

Spring forward neighbors and if you are like me; excited that the sunshine is about to cast its hot rays upon us. I LOVE the warm weather: it gives us all a chance to get out there and frolic together by the water. I myself love a long bike ride along the beach or a boogie board romp with mother nature. It's also a great opportunity to meet or get re-acquainted with our neighbors and see what the hell is really going on in our neighborhoods. Open houses are springing up left and right and I strongly suggest that you visit a few to see what is selling and what is not. A great opportunity to find out where you stand in the market and maybe find yourself wanting a change.


Now April is approaching quickly and we all know what that means TAX TIME!!! eeekkk!



Here are some Real Estate Deductions that are often overlooked :


  • Home acquisition mortgage loan fees.


  • Home improvement loan fees.


  • Loan fees paid to refinance a home loan ( or borrow against other real estate).


  • When refinancing, deduct any undeducted loan fees.


  • If you bought or sold property in the past year remember to deduct prorated real estate taxes.


  • Deduct prorated mortgage interest in the year of property purchase or sale.


  • Mortgage prepayment penalty.


  • When land rent payment qualify as interest deductions.


  • Home construction loan interest.


  • Deduct prepaid property taxes and mortgage interest.



compliments of Fidelity National Title

For a more detailed explanation please contact me....

See you around the neighborhood!

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