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Real Estate Tips
Tax Considerations >Tax Reform

Owning a home still offers significant tax benefits. If you are renting, it may be a good time to sit down with a professional real estate agent to see how much you can save each year by owning your own home.

You save in two ways when you purchase a home. Even though most interest deductions have been phased out, home mortgage interest and state and local property taxes can be deducted. The interest on a home equity loan may also be deductible.

Your real estate agent can show you how these savings will apply in your situation. You may be pleasantly surprised when you compare the tax savings you will receive as a result of owning your home, and you will build up equity as your home appreciates in value! Also, first-time buyers will see expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, allowing penalty-free withdrawals to purchase a home in the Taxpayer Relief Act passed in August, 1997. Consult your tax advisor for your particular circumstance.

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Real Estate Trivia
Q 
Who is considered the world's most renowned living architect?

A 
I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989).
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The Real Team, REALTOR®, real estate agent and broker for Orlando, Windermere and Lake Nona, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Ivey Geisler and Kitty Mark
Keller Williams at the Parks

444 North Mills Avenue
Orlando, FL 32803
407-491-6857
Fax: 407-650-3131
realteam@NUMBER1EXPERT.com

The Real Team specializes in Buyers and Sellers in Central Florida. They have over 20 plus combined years of experience in Real Estate in the Orlando area. Whether you are interested in Luxury Homes, Golf-Front Property, Lakefront Property, Foreclosures or Short Sales, Ivey & Kitty can assist you with your needs. They pride themselves in knowing the market and staying up to date with the education that will enable them to properly educate and advise their clients in this ever changing market. If you are relocating to the Central Florida area, they will be able to assist you with schools, neighborhoods, businesses, and any other questions you might have about the area. They also stay in touch with numerous business people in the area that can answer the questions they cannot. Whether you are looking to move to a larger home or a smaller home, they can sell your existing home and assist you with finding a new home. Their marketing efforts will help to get your property sold in a short period of time. They have exposure on numerous web sites that attract international buyers, as well as local and out of the area buyers. Thru the proper technology, they are able to immediately respond to inquiries about listings, which will help to get your property sold.

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