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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Chris Sullivan, a proven Marco Island, Florida NUMBER1EXPERT™ Top Selling real estate agent.

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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.

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Real Estate Trivia
Q 
What vast and beautiful territory is named with an Indian word meaning "Big Village"?

A 
Canada
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Chris Sullivan, REALTOR®, real estate agent and broker for Marco Island, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Chris Sullivan
RE/MAX Results Realty

847 N Collier Boulevard
Marco Island, FL 34145
Office: 800-423-2962
Cell: 239-393-2222
chrissullivan@NUMBER1EXPERT.com


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