Little Rock, Benton and Bryant real estate and homes for sale in Arkansas - Pat's Team, REALTORS® Pat's Team REALTORS(r) for Little Rock, Benton and Bryant, Arkansas real estate - NUMBER1EXPERTS™ Pat's Team NUMBER1EXPERTS(tm) for Little Rock, Benton and Bryant, Arkansas real estate

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Pat's Team, REALTORŪ, real estate agent and broker for Little Rock, Benton and Bryant Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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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Real Estate Trivia
Q 
Fewer than 2 percent of homeowners build this type of home:

A 
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
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Pat's Team, REALTORŪ, real estate agents and broker for Little Rock, Benton and Bryant Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Pat's Team
WEICHERT, REALTORSŪ - Pat Mote Properties

17724 I-30, Suite A-4
Benton, AR 72015
501-315-4728
Fax: 501-315-4729
Pat@patmote.com

Pat Mote has been selling real estate in Central Arkansas since 1986. She works with co-owner and husband Jerry who is the Business Manager for the company. The company was known as Pat Mote Real Estate until December, 2005 when they affiliated with WEICHERT, REALTORSŪ. With the WEICHERT, REALTORSŪ advanced training programs, Pat feels she can offer her customers & clients a better service with more knowledgeable agents to assist them. Pat has been a consistent top producer for this area of Arkansas for the last several years and is teaching and training her agents to follow in her footsteps with the best service available. Pat believes their customers deserve nothing less.

CRSEqual HousingGRIMLSREALTOR


WEICHERT, REALTORSŪ - Pat Mote Properties real estate and homes for sale in Little Rock, Benton and Bryant Arkansas

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