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Within a week we had an offer and it went together
Les, I would like to take this opportunity to thank you for all the help and the timely advice you offered me whenever I needed. Before I contacted you, I had the house vacant for several months and another realtor had it on sale for almost 4 months. I didn’t see any progress and I ended up paying all my utilities, insurance, mortgage etc. for months together. Then you came along and did just what you said. I have paraphrased what you said and put it in quotes below -
“I know what I am doing and I know how to market and sell a house fast. You have a good house and we shouldn’t have any problems selling it. I don’t believe in Open Houses etc. but believe in ensuring that the house is presented to the right people at the right time. We will have your house sold soon.” And there it was!!! Within a week after I signed the realtor agreement with you and the subsequent listing, we had an offer and it worked. You always were very friendly and down to earth when it came to providing me with information and advice. You promised me a lower commission if the house were sold in the first month and you upheld your promise despite the fact that we didn’t have it anywhere in our contract. I respect your integrity and truthfulness. You will be the first person I will refer my friends to if I know they are either buying or selling real estate. I can write more but I think you understand how much I appreciate your help and your kind nature. Please feel free to contact me if I could be of any assistance. Once again thanks a lot. I wish you success in all your endeavors. Sincerely, Chandra Vasasali
Chandra Vasasali
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Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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Where would you go to enjoy a soak in the world's largest bathtub?
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The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
