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Coming Soon

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 |
Where are the highest median price homes in the United States currently located?
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| A |
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area. |
See More Real Estate Trivia > |
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Morris Westlund Windermere/Bridgeport Realty Group 16760 SW Upper Boones Ferry Road Suite #103 Portland, OR 97224 503-781-1981 Fax: 503-639-5202 mrwestlund@windermere.com
Buying and selling a home is one of the biggest events in your life. As a top Lake Oswego, Tigard and Tualatin real estate agent, I have the experience and track record you are looking for. Please let me help. 
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