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I am committed to providing the best possible real estate service I am capable of giving. Please call my cell for assistance: (805) 444-7044
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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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"Treasures - Our Family Has Outgrown Our House!" "We wanted to remain in Dos Vientos but needed more room with a new baby on the way!" Rob & Elsa Read Quote > View All Quotes >
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Maia Dubinsky & Associates
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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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| Q |
Due to low business and living expenses, what areas are considered to be the fastest growing in the country?
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| A |
According to recent studies, the Southern and Western regions of the U.S. are among the nation's strongest economies. |
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