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My “Personal Realtor”
"You always wonder if your next Realtor will remind you of your last used car salesman. Put those thoughts aside when you meet Annette Kilker. After three real estate transactions in three years I am pleased to refer to Annette as my ‘personal Realtor.’ Sitting in her office, surrounded by walls covered with awards could be intimidating; yet, Annette immediately makes you her ‘only client’. Sincerity comes through as she listens to your needs. After many years in this area she is extremely knowledgeable of development and decline of surrounding properties. Her manner and sense of humor put you at ease, creating a relationship of trust. Annette is always there for you - taking time to listen. Her phone knows no office hours. If you are buying, she never pushes the house - she just opens the door and lets you decide. If you are selling, she takes care of every detail, and then presents the offers to you. She is definitely working for you. Not only will I recommend Annette Kilker as the Realtor of choice, I intend to keep her for my ‘personal Realtor’ for years to come."
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Tax Considerations >Tax Deductions
Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.
The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.
Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.
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| Q |
What economic factor can make the purchase of a home an excellent long-term investment?
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| A |
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
