"You Constantly Showed Interest At All Times"
"You Constantly Showed Interest At All Times" "I apologize for not getting back to you sooner. My property that had some underground oil storage tanks and we had not completed the requirements for the State Dept. like we should have. That took us about 6 months and delayed the closing." "I very much appreciate your advice and your knowledge about the local real estate market." "I have done a great deal of business with real estate brokers all through New York, New Jersey and New England and you are one of the best." "I was impressed by your follow through and professionalism. Thank You."
Sincerely, Robert Seibel
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First Time Buyers >The Elements of Location
When you are in the market for a home, how should you evaluate the properties that appeal to you? There is an old cliché about the three most important factors of a piece of property--location, location and location.
Some neighborhoods have a certain distinction that attracts buyers, but there are other factors to take into account. A house in the best part of town may have a few points subtracted if it is located on a busy street. There are buyers who would like to be close to schools, shopping, and churches, but don't want to live across the street from these facilities. You may want an easy commute to your job, but would not consider a location close to the "on" ramp for the major route into town. A location close to a airport could be convenient if you are a commercial pilot, but could make it difficult to sell even the most wonderful house.
As you balance all of the factors, remember that a location liability which gets you a great house at a reasonable price will probably require you to pass a similar savings on to future buyers.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
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