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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania NUMBER1EXPERT(S) Top Selling real estate agent(s). Contact Brian Hicks today!

  • Find Bucks County, Doylestown, New Hope and Central Bucks School District Homes - Find Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania real estate listings & homes for sale provided by Brian Hicks, your local expert real estate agent(s).

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  • For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Brian Hicks, Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania NUMBER1EXPERT(S) Top Selling real estate agent(s).

  • Bucks County, Doylestown, New Hope and Central Bucks School District Information - Find local information on Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Brian Hicks, NUMBER1EXPERT(S) Top Selling real estate agent(s).

  • Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Brian Hicks, Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania NUMBER1EXPERT(S) Top Selling real estate agent(s).

  • About Brian Hicks - Information about Brian Hicks including testimonials, guarantees, credentials, and contact information. Learn about NUMBER1EXPERT(S) Top Selling real estate agent(s) like Brian Hicks in the Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania area.

 

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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 does the term Curb Appeal mean?

A 
This term describes how homes look from the street; this first impression is very important to prospective homebuyers.
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Brian Hicks, REALTOR®, real estate agent and broker for Bucks County, Doylestown, New Hope and Central Bucks School District, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT

Brian Hicks
Prudential Fox & Roach

550 N Main Street
Doylestown, PA 18901
215-350-7179
Fax: 215-348-9717
brianhicks@NUMBER1EXPERT.com


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