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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 
What does the abbreviation PITI stand for?

A 
Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.
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The Home Solutions Team, REALTOR®, real estate agent and broker for Woodbury, St. Paul and Minneapolis, Minnesota home listings, property and land for sale - NUMBER1EXPERT

The Home Solutions Team
Keller Williams Premier Realty
659 Bielenberg Drive
Woodbury, MN 55125
651-209-8250
Fax: 651-389-9323
Team@YourHappyHome.com

Stronger As A Whole. The Home Solutions Team is made up of some of the most widely recognized real estate professionals in the Twin Cities region. They have over 40 years combined experience helping families buy and sell real estate. Working together over the past few years, it made sense to bring the combined experience under one roof… making the team stronger than the independent professionals. By working together, we can provide the client with a broad spectrum of experience, market knowledge, and marketing ability, all the while preserving the commitment to outstanding customer service.


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