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12 big tax deductions for homeowners

ADMC Realty Group Are you taking advantage of all the tax benefits that can make home-ownership more affordable and put a lot of extra cash in your pocket?  Make sure to consider these big deductions when you file—they really add up! Mortgage interest: Your home loan is deductible up to $1 million for a principal residence plus a second home. (This was saved by Congress during the recent fiscal cliff debates and remains a key deduction for homeowners!) You’ll need to itemize your income taxes in order to claim this. Don’t...Continue Reading >

Understanding title & closing costs

Buying a home involves more than looking at houses and choosing a mortgage. Let's break down the "closing costs" associated with your purchase. Closing costs usually account for 2 to 5 percent of a home’s sale price, although they may be more or less in some cases. These costs typically cover: Obtaining a credit report Processing paperwork for the loan (loan origination fees) Legal fees Home inspections Appraisals Surveys Title insurance Title searches An escrow deposit Recording the transaction in the city or county’s records Underwriting the mortgage (evaluating the borrower and...Continue Reading >

Open Sunday: Your second chance at a high-end condo that lives like a single family home!

View all the details. Brand new luxury loft w/ two levels & 2400 sq ft living space in boutique building! Feels like a single family home—for a fraction of the price! 3 BR, 3 BA + huge family room. Flexible floorplan has main level suite w/ pocket doors for use as master suite or den/guest suite   Made for luxury entertaining w/ large gourmet kitchen, open-concept living areas, sound system w/ recessed speakers & stereo/docking port ONE BLOCK TO METRO!! Secured off-street parking! Spacious master suites...Continue Reading >

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