Yardley, Newtown, and Doylestown real estate and homes for sale in Pennsylvania - Martin Millner, REALTOR® Martin Millner REALTOR(r) for Yardley, Newtown, and Doylestown, Pennsylvania real estate - NUMBER1EXPERT™ Martin Millner NUMBER1EXPERT(tm) for Yardley, Newtown, and Doylestown, Pennsylvania real estate
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Martin Millner, REALTOR®, real estate agent and broker for Yardley, Newtown, and Doylestown Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

All agents are NOT alike! Find out why I am a top real estate expert. Call me: 215-321-2378 Ext. 140


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Request my Free Yardley, Newtown and Doylestown Relocation Package. It's packed full of useful and important information about the Yardley, Newtown and Doylestown, Pennsylvania area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out...
 

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Real Estate Tips
Tax Considerations >Tax Deductions

Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.

The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.

Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.

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Real Estate Trivia
Q 
What are the financial benefits of having a home near a body of water?

A 
The mere presence of water within 300 feet increases a home's value by 22 percent.
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Martin Millner, REALTOR®, real estate agent and broker for Yardley, Newtown, and Doylestown Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Martin Millner
Coldwell Banker Hearthside, Realtors ®

70 W. Afton Ave
Yardley, PA 19067
Office: 215-321-2378 Ext. 140
Main Office: 215-321-2378 Ext 140
Cell: 215-519-1399
Fax: 215-493-5940
Email: Marty@MartinMillner.com

I have been a resident of Bucks County for over 20 years and a real estate professional for eleven. Licensed in both Pennsylvania and New Jersey, I am extremely knowledgeable about the area, having served on a variety of service organizations, and I spent many years coaching youth sports. I have worked with many Fortune 500 companies to assist with both national and international transferees. As a result of my passion and commitment to service, I have been the top producing agent in Coldwell Banker Hearthside, for several years.

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