Alexandria, VA, January 16, 2016 - Real Estate agent Carol Dorsey, of Weichert talks about tax benefits and other benefits of homeownership with first time homebuyers.
FOR IMMEDIATE RELEASE
Homeownership is part of the American Dream...” said National Association of Realtors President Chris Polychron. The 2015 Housing Pulse Survey shows that many Americans believe that buying a house is a sound financial decision because they can: create a stable environment for their families, increase wealth as equity in the home appreciates, and get substantial tax breaks.
“By using Form 1040 and itemizing their deductions, instead of taking the standard deduction, homeowners can save big money by claiming tax deductions and credits that are available to them”, said Carol Dorsey. Although real estate prices and mortgage interest rates are on the rise they’re still low compared to prices and rates in 2009. So if you are still renting this year is still a good time to to buy your first home so that next year you can reduce your tax liability and take advantage of other benefits available to homeowners.
About Carol Dorsey
Carol Dorsey is a licensed realtor in Virginia who works with sellers and buyers of real estate. She is an Accredited Buyers Agent, an E-pro (skilled at promoting properties online), a Luxury Home Marketing Member, and is certified as a Short Sale Foreclosure Resource.