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Welcome > For Sellers > What Did That Home Sell For? ...

Quickly Find Out What that Home Down the Street Sold For, By Email, for Free.

If you are considering selling your Silver Spring and Bethesda, Maryland home, you are probably wondering what other homes in the area are selling for.

There might be one home in particular that you'd like to know the sale price on, or you might be interested in all the homes that have sold recently in your Silver Spring and Bethesda neighborhood. We can help!

We can tell you exactly what any home sold for in your area. We will furnish you with a list of homes that have recently sold on your street or in your neighborhood. We can also tell you about homes similar to yours that are currently for sale.

This service is entirely free, without obligation. As top Silver Spring and Bethesda real estate agents, this is part of the service that we provide to home sellers on a daily basis.

Find out what a home or property sold for, by email, for free! It's our job to help you determine real estate values in Silver Spring and Bethesda! There's no obligation, and we promise to get back to you quickly...

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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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Nancy Schwiesow and Paul Schwiesow, REALTOR®, real estate agent and broker for Silver Spring and Bethesda Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Schwiesow and Paul Schwiesow
Long and Foster Real Estate
4650 East West Highway
Bethesda, MD. 20814
Phone: 800-762-0294
Fax: 301-907-6610
Email: nancyandpaulschwiesow@NUMBER1EXPERT.com

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