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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.

See All Tips In The "Tax Considerations" Category >
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Real Estate Trivia

Q 
What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?

A 
Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard.
See More Real Estate Trivia >

Dolores DeMers, REALTORŪ, real estate agent and broker for Las Cruces, Mesilla and Sonoma Ranch, New Mexico home listings, property and land for sale

Dolores DeMers
RE/MAX Classic Realty

2805 Doral Court
Las Cruces, NM 88011
Mobile: 575-496-5342
Fax: 866-752-8316
Direct Office Line: 575-556-7007
Office Main Line: 575-524-8788
doloresdemers@gmail.com

I am ready, willing, able and motivated to serve you in your real estate needs. My philosophy is that my clients need to be in charge of their decision making. I offer abundant, quality information and allow my clients to understand what is in their best interests, rather than using hard-sell techniques. I am known in the Las Cruces area for working well with all the players in each real estate transaction. My attention to the details is important for reducing stress, insuring accuracy, and getting to a successful closing.

CRS ePro Equal Housing MLS REALTOR


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