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Buyers Want Your Home for as Little as Possible.
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Real Estate Tips
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.

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Real Estate Trivia
Q 
What is the earliest residential building that remains in Manhattan?

A 
Fraunces Tavern, built in 1719, is where George Washington delivered his Farewell Address to his officers in 1783.
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New Village Team, REALTOR®, real estate agent and broker for East Valley, West Valley, Gilbert and Peoria, Arizona home listings, property and land for sale - NUMBER1EXPERT

Cassandra Ewer
New Village Realty

890 West Elliott Road Suite 101
Gilbert, AZ 85233
480-556-1216 x100
Fax: 480-556-1471
Cassandra@NUMBER1EXPERT.com

As a highly successful real estate broker with over 15 years experience in the Arizona real estate market, Cassandra Ewer has the knowledge and skill to make any real estate transaction a reality. The New Village Team is a team of experts, each committed to assisting you with your individual real estate needs. Call us today!


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