
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 >
|

"...not only did we receive attentive, consider service, but our sale/purchase price received/spent exceeded our expectations." Tom VanNocker Read Quote > View All Quotes >
|
Compare
three mortgages at one time. Download TripleCalc now. It's
free.
|
Michele Safford
is one of The Top Selling Real Estate Experts Find Out More > |
|
|
|
"I only wish that we had contacted Michele first rather than losing the time we did with another real estate company. When our family relocated to another state, we always felt confident that our property was in good hands with [Michele] and [her] company."
Don Hensen
You have a story to tell about me. You've worked with me, and I've helped you buy or sell a home. I need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell me how I did... 
First Time Buyers >The Real Bottom Line
An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!
The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.
When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.
|
| Q |
On what famous American street can you find the most expensive retail space for rent anywhere in the world?
|
| A |
Fifth Avenue, New York City, U.S.A. offers retail space for rent at the rate of $580 per square foot. |
See More Real Estate Trivia > |
|

NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|