Tax Advantages When Buying a Home

Home ownership makes a significant difference in the amount of taxes you pay, thanks to the federal government. When you file your federal and state taxes, you can deduct the interest on the mortgage as well as on the property tax. This adds up to big savings when it comes to the total taxes you owe to Uncle Sam.

All homeowners can take advantage of the tax breaks offered, but first-time buyers can benefit additionally by participating in a Mortgage Credit Certificate program. Talk to a qualified real estate agent or tax accountant to see how you can gain the most tax breaks when you purchase your new home.

Buying Foreclosed Properties

Another homeowner's financial struggles can mean your own real estate gain. Buying foreclosed porperties can mean some real bargains when it comes to home ownership. It gives you the chance to purchase property at below-market values. Buyers can often save anywhere from 10 to 20 percent of the market value on a home.

However, buying a foreclosed home is more complicated than a traditional home sale and can include more risk. Approaching foreclosed homes should be through Taxxmart, who has the access to foreclosed homes, and are trained to strategically approach complex situations such as buying a previously foreclosed home. To help you navigate through the complexities of buying a foreclosure, rely on the expert advice of a real estate agent who specializes in this area. You could end up with the real estate deal of a lifetime with the right guide.

Buying Inquiry