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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.
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For Home Buyers:
Why Buyers Choose The Tetreault Team - Why homebuyers looking for a real estate agent in the Phoenix, Chandler and Tempe area choose The Tetreault Team. Latest Listings - Get The Tetreault Team's latest Phoenix, Chandler and Tempe listings of homes for sale first! Bank Repo / Foreclosure Tour of Homes - Click here for more information. Find Your Perfect Home - The Tetreault Team will search for your ideal home and email you the newest Phoenix, Chandler and Tempe MLS listings of properties in Maricopa County AZ. First Time Homebuyers - Are you a first time homebuyer in Phoenix, Chandler and Tempe, AZ? Choose a top real estate agent. The Tetreault Team can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Phoenix, Chandler and Tempe house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Phoenix, Chandler and Tempe Homes, For Home Buyers, For Home Sellers, Phoenix, Chandler and Tempe Information, Real Estate Resources, and About The Tetreault Team. 
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Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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