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We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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"Donna was born to be a real estate professional!"
Top notch - top choice - as far as we're concerned!
Mr. & Mrs. Michael Morgan
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Mitchell's Hardware
Mitchell's is an authentic Turn-of-the-Century Hardware Store serving Historic New Bern, and the surrounding area since 1898.
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Check Out These Special Offers From Our Affiliates! We recommend the following individuals and businesses. We think you'll find that they provide a high standard of service and quality products.
Carolina Creations
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Mitchell's Hardware
Mitchell's is an authentic Turn-of-the-Century Hardware Store serving Historic New Bern, and the surrounding area since 1898.
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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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| Q |
What is the world's oldest wooden structure?
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| A |
The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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