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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You!

It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced.

The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more.

Remember: As top Northern Virginia, Fairfax and Clifton area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information!

School Reports in Northern Virginia, Fairfax and Clifton, Virginia

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Virginia Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Northern Virginia, Fairfax and Clifton

Tax Considerations >Tax Breaks

      Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
      Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
      Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.

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Q	What area in the U.S. has been referred to as the "American Riviera"?
A	Miami Beach in Biscayne Bay is Florida's pre-eminent place for "people watching" and a hot spot for celebrities.
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The Wolf Run Group, REALTOR®, real estate agent and broker for Northern Virginia, Fairfax and Clifton, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Lenahan
Wolf Run Realty
7601 Clifton Road
Fairfax Station, VA 22039
www.WolfRunRealty.com
Phone: 703-239-5800
Fax: 703-239-8108
Email: Homes@WolfRunRealty.com
NVAR & PWAR Million Dollar Sales Club Lifetime Top Producer

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