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John M. Lee, REALTORŪ, real estate agent and broker for San Francisco California home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me at 415-447-6231 or email to johnlee@isellsf.com.


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Real Estate Tips
Tax Considerations >Tax Reform

Owning a home still offers significant tax benefits. If you are renting, it may be a good time to sit down with a professional real estate agent to see how much you can save each year by owning your own home.

You save in two ways when you purchase a home. Even though most interest deductions have been phased out, home mortgage interest and state and local property taxes can be deducted. The interest on a home equity loan may also be deductible.

Your real estate agent can show you how these savings will apply in your situation. You may be pleasantly surprised when you compare the tax savings you will receive as a result of owning your home, and you will build up equity as your home appreciates in value! Also, first-time buyers will see expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, allowing penalty-free withdrawals to purchase a home in the Taxpayer Relief Act passed in August, 1997. Consult your tax advisor for your particular circumstance.

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Real Estate Trivia
Q 
Where will you find the world's largest indoor waterfall?

A 
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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John M. Lee, REALTORŪ, real estate agent and broker for San Francisco California home listings, property and land for sale - NUMBER1EXPERT(tm)

John M. Lee
Pacific Union

One Letterman Drive
Building C, Suite 300
San Francisco, CA 94129
Business: 415-447-6231
Toll Free: 866-747-SOLD
Fax: 415-447-6201
Email: johnlee@isellsf.com

In his professional career, John has been on the cutting edge and has always tried to be the best in selling real estate. He has sold the most properties in his office each and every year since 1991, helping and advising hundreds of satisfied buyers and sellers during the process. If you need professional real estate services in San Francisco, please do not hesitate to call or e-mail John Lee. You will be glad that you did!

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