Lee's Summit, Overland Park, Olathe and Kansas City real estate and homes for sale in Missouri and Kansas

Online Real Estate Resources and Reference Materials

The Rob Ellerman Team is one of The Top Selling Real Estate Experts™
Find Out More >

Real Estate Tips

Welcome > Resources > Tips > Tax Considerations > Tax Reform ...

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.

Do These Real Estate Tips Really Apply to YOU?

We've learned these tips through years of experience as top real estate agents. But we know that YOUR situation might be different. That's why we're here.

It's our job to personally advise homebuyers and sellers. Ask us if any tip that we've included here really applies to your situation.

Do any of these tips raise questions for you? Didn't find what you're looking for? Let us know! We am happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...

	About You
* Your Name:
* Your Email Address:
Your Street Address:
City:
State/Province:
Country:
Zip/Postal Code:
Phone:
	Additional Info
Ask Your Question Here!
Send Latest Listings:	What is this?
Send Latest News:	What is this?

*Please note that fields marked with an asterisk are required.

Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >

Real Estate Tips

For Sale By Owner >Not the Best Investment

Some homeowners try to sell their own home, believing that they are as capable as a real estate agent of handling a property transaction. But according to statistics, only 8 to 10 percent of "FSBO" transactions actually close, and many end up in litigation.

If you choose to buy a home with a realtor's help, you substantially reduce your risk. Buying real estate involves more legal and financial repercussions than most people realize. Realtors are licensed and highly regulated professionals who are equipped to deal with the complex issues that arise. For example, if the FSBO seller holds your earnest money deposit, how will you as the buyer go about getting it back if the deal does not close? What will you do if the seller refuses to correct defects in the home or treat a termite infestation? Who pays for re-wiring the house if the electrical system does not meet current codes? What if there are liens against the property?

As a buyer, you have rights written into the sales contract. An experienced agent knows how to protect those rights while negotiating the best price and terms on your behalf.

	See All Tips In The "For Sale By Owner" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia

Q	What was the world's highest viewing platform before the opening of the Empire State Building in 1939?
A	The Eiffel Tower, built between 1887-1889, was for 42 years the highest viewing platform in a man-made structure.
See More Real Estate Trivia >

The Rob Ellerman Team, REALTORŽ, real estate agent and broker for Lee's Summit, Overland Park, Olathe and Kansas City, Missouri home listings, property and land for sale - NUMBER1EXPERT

The Rob Ellerman Team
Reece and Nichols Realtors
1153 Northeast Rice Road
Lees Summit, MO. 64086
Office: 816-251-1435
Fax: 816-524-4665
Email: rob@reeceandnichols.com
Let me give you a brief overview of what I believe makes a great agent. Most agents continue to do things that were being done years ago to sell real estate. If you are looking to buy or sell and you have internet access and would like to use it during your home buying or home selling process, please shoot us an email and lets chat for a few minutes. My goal is not to brag about my status in the company and how much I sell, its to make your next move as fun and painless as possible. Top agent status always seems to follow. I look forward to hearing from you.

www.TheRobEllermanTeam.com is brought to you by The Rob Ellerman Team, real estate for
Lee's Summit, Overland Park, Olathe and Kansas City, Missouri

Read The Rob Ellerman Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge