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All agents are NOT alike! Find out how Patty has helped hundreds of homebuyers & sellers. Call Patty today at 812-232-6015!
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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 Compare three mortgages at one time.
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Patty Williams are some of The
Top Selling Real Estate Experts™
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Welcome to Patty Williams’ website – Your Terre Haute Area Connection for Real Estate
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Looking for homes? Don't miss Patty's Feature Homes! Search everything the web has to offer, right here at PattyWilliams.com! Need local real estate information? Patty’s 28+ years experience helping buyers & sellers has helped to provide some of the tools on this site. We’ve summarized much of what is important about the Terre Haute area, created helpful hints For Buyers and For Sellers, and can help with your Relocation too. Need personalized advice? No web site, large or small, can take the place of a real estate professional. Not even Patty’s! This site is filled with ways that you can contact Patty for one-on-one expert help and advice. That's her job. Buying and selling a home is one of the biggest events in your life. As a long term resident of the Central Indiana and Eastern Illinois areas she serves, Patty has the local knowledge and experience you are looking for.
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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 |
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
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Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
