Buying your first home can have significant tax implications, both in terms of tax deductions and tax credits. Here are a few ways that buying your first home can affect your taxes:
Mortgage interest deduction: You may be able to deduct the interest you pay on your mortgage from your taxable income. This can significantly reduce your tax bill, particularly in the early years of your mortgage when you are paying a lot of interest. Property tax deduction: You can also deduct the property taxes...A question our Realtors get every day is "Do I Really Need a Buyers Agent?" Lewith & Freeman Realtor®, Susan Parrick answer below!
Pennsylvania guidelines for Real Estate require sellers to disclose material defects to their property. What exactly does this mean? Learn here, with our Lewith & Freeman Realtor® Peter DeMarco.
Should I rent or buy a home? Listen to the three main benefits of owning a home from one of our expert Top Producing Realtor, Jill Hertel!
During the buying process, the word "pending" may come about describing a property or it is seen displayed across listings on Real Estate websites. What exactly does this mean as a potential buyer? Listen to how our Realtor®, Eric Grenkevich, explains the term "pending" and why it is important in the Real Estate market.
CMA, or Comparative Market Analysis, is a tool Realtors® use to estimate a value for a seller's property. The "comps" and details used by a Realtor® are the most important pieces of information when preparing a CMA. Watch Trista Gaughan explain here!
“Be Prepared to Move Quickly” is the best advice a buyer can receive in this real estate market. Securing a pre-approval letter is the ultimate preparation because it indicates to a seller that a buyer is qualified and has an accepted plan for financing. Watch Greg Pollock explain in the video below.
