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From the Bay to the Beach and Everything in between is my motto, so call me for updates on Ocean City, West Ocean City and the surrounding areas.
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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 >
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"You guided us, and for that we thank you." "You put the fire under the mortgage company to get things moving." Mike and Pat Whiteman Read Quote > View All Quotes >
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Compare three mortgages at one time.
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Linda A. Moran is one of The Top
Selling Real Estate Experts Find Out More > |
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As a Number1 Expert, Linda received the Long & Foster Real Top Team award for the entire Eastern Shore in Sales for 2006 & 2007 and the Top Producer Award for the Ocean City Office. Linda and her Team excel in service to their clients and customers. Welcome to Ocean City, MD, the All American spot to take your next vacation and fall in love. On my site you can learn about the great properties for sale. If you are thinking of buying or selling your 2nd home, primary home or investment property, call me, the Number1 Expert for the area and you won't be dissapointed. Please browse my site and email or call me to start the process. Linda Moran
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Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the Ocean City and Ocean Pines real estate market in this site. Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. Why? I want to be YOUR Realtor. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top Ocean City and Ocean Pines Realtor, I have the experience and track record you are looking for. Please let me help. - Linda A. Moran Team Moran  |
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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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Why is the Terra Amata site in Nice, France famous?
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Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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See More Real Estate Trivia > |
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