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Real Estate Tips
Investment Real Estate >The Right Time to Buy

Are you waiting for "just the right time" to get into the real estate market? The signs indicate that there is no time like the present. Interest rates are still comparatively low and buyers are shopping for new and second homes in great numbers.

Vacation homes are very popular for investment purposes and personal enjoyment. You can use your vacation home as a getaway property now, and by the time you retire you will have paid a significant amount on the loan. If you live in a vacation home for 14 days a year or less, you can take depreciation on it.

Another important benefit is that tax deductions in the form of interest and property taxes help to offset the cost of paying for a second home. If the debt does not exceed $1 million, mortgage interest payments on principal residences and second or vacation homes are fully deductible for tax purposes.

Don't waste valuable time while interest rates creep upwards -- all you need is the right real estate agent to guide you!

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Real Estate Trivia
Q 
Over what famous building is aircraft forbidden to fly at any time?
A 
No aircraft is permitted to fly over the Taj Mahal in India.
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Dina Farrar, REALTOR®, real estate agent and broker for Ballwin, Des Peres and Wildwood, Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Dina Farrar
Keller Williams Realty West
5377 Highway N
St. Charles, MO 63304
314-397-6335
Fax: 636-898-4324
dinafarrar@NUMBER1EXPERT.com

Dina Farrar Keller Williams Realty West


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