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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 famous antebellum mansion was known as the "Queen of Tennessee Plantations"?

A 
Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard.
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Roni Chasin, REALTOR®, real estate agent and broker for Short Hills, Livingston and Millburn New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Roni Chasin
Keller Williams Realty
488 Springfield Avenue
Summit, NJ 07901
Phone #: 973-202-2591
Fax #: 908-273-2996
Email: Roni@ChasinHomes.com

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