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We Were Referred
Judy Lundquist sets the standard for realtors. When we want to sell house or land, we want Judy.
We were referred to Judy Ludnquist by a friend who had lived through a crisis and had to sell her house immediately. Judy was able to sell her house and saved the day.
We had worked with other realtors and were feeling like we needed a miracle. We called Judy. I think if anything could have gone wrong with the buyer it did. It was a comedy of errors. Unlike other realtors we have worked with, Judy is a professional. She also became a personal friend because of her caring attitude. Judy knows how to handle a multitude of different crisis. She was able to work with the buyer's realtor and saved the day for us and the buyer. We didn't have to haggle or even meet the buyer. Judy did it all for us.
Marketa and Pete
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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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| Q |
What was the first land designated by the US government as a National Park?
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| A |
Yellowstone was established "as a public park or pleasuring ground for the benefit and enjoyment of people" in March 1872. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
