Do You Have a Real Estate Related Question? I Will Email You an Answer Quickly.
As a top Long Island, Smithtown and Stony Brook real estate expert, it's my job to help! Please take advantage of my experience and knowledge. Ask me anything about: - Any particular home that is or was on the market. - Neighborhoods and local market trends. - Local demographics and the economy. - Tricks and traps when buying real estate in this area. - Special tax considerations regarding real estate. - Specific questions about contracts, escrow, and closings. - Anything real estate! To get a quick answer, please fill out the form below. It is totally free, and without obligation...
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.
|
| Q |
What acclaimed house built of stone, concrete, and glass is built over a waterfall?
|
| A |
Fallingwater in Mill Run, PA, built by architect Frank Lloyd Wright, is one of the most-visited homes in the U.S.
|
 See More Real Estate Trivia > |
|
|
Frank Zamarelli
Century-21 North End Realty
960 Middle Country Rd
St. James, NY 11780
Cell: 516-972-8115
Home office: 631-689-0519
Fax: 631-724-5866
Email: fzamarelli@yahoo.com
Email: zfrankjzamarelli@aol.com
Frank Zamarelli is a dedicated Real Estate Professional with many years of experience. Frank is a CBR (certified buyers broker), GRI (graduate of the real estate institute), a PRRA (professional real estate appraiser),a, RECS member, a SRES and a e-Pro. Frank also specializes in waterfront properties, new construction, horse properties, luxury homes, foreclosures, and historical homes. Frank is available 7 days of the week so don't hesitate to contact him today!
     
www.frank-zamarelli.com
is brought to you by Frank Zamarelli, real estate for
Long Island, Smithtown and Stony Brook, New York
Read Frank Zamarelli's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
