Glenview, Northbrook and Wilmette real estate and homes for sale in Illinois, luxury homes, professional relocation - The Marla Schneider Team, REALTORS® The Marla Schneider Team REALTORS(r) for Glenview, Northbrook and Wilmette, Illinois real estate, luxury homes, professional relocation - NUMBER1EXPERTS™ The Marla Schneider Team NUMBER1EXPERTS(tm) for Glenview, Northbrook and Wilmette, Illinois real estate, luxury homes, professional relocation
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The Marla Schneider Team, REALTOR®, real estate agents and broker for Glenview, Northbrook and Wilmette Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)


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"It was a pleasure working with you again. Our house sold within one week at the price we desired! Marla and Team made it as hassle-free as possible." 

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Real Estate Tips
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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Real Estate Trivia
Q 
What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?

A 
Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.
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The Marla Schneider Team, REALTOR®, real estate agents and broker for Glenview, Northbrook and Wilmette Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Marla Schneider Team
Coldwell Banker

1420 Waukegan Rd.
Glenview, IL. 60025
Phone: 847-657-3790
Cell: 847-682-9750
Fax: 847-724-5811
Email: movewithmarla@aol.com

We are a full service team to fulfill all your glenview real estate needs as well as the entire north shore and to provide you with a smooth move.

CRSREALTOREqual Housing


Coldwell Banker real estate and homes for sale in Glenview, Northbrook and Wilmette Illinois

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