A lot of confusion remains about tax deductions for home equity loans under the new tax law. Learn more by clicking HERE. Source: https://www.irs.gov/newsroom/interest-on-home-equity-loans-often-still-deductible-under-new-law
CLICK HERE to view some very interesting home sales statistics for Chester and Delaware counties. You can also use this link to compare how our local Main Line market compares to other luxury home markets. A great perspective! Source: https://www.mansionglobal.com/luxury-market-lookup?loc_one=Delaware%2C+PA&loc_two=Chester%2C+PA&locale=
If you had a $500,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $500,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider … More Why do I need a Realtor?
Don’t miss the opportunity to own this elegant carriage-home located on what many consider the premier lot in Haverford Reserve. Tucked back from the road, this home has a uniquely private location – with privacy both on the side and in the back, where you’ll enjoy views overlooking the nature preserve. This exceptional home is … More First Time Open to the Public! 256 Valley Ridge Rd, Haverford Reserve
Informational Meetings on Reassessment Delaware County will hold four public informational meetings in March at different sites throughout the county to educate residents about the upcoming Delaware County Tax Reassessment Project. The county was ordered in March 2017 by the county Common Pleas Court to conduct a countywide property tax reassessment, effective for the 2021 … More Attention Delaware County Residents!
Home equity loans are no longer tax-deductible, under the Tax Cuts and Jobs Act of 2017. Read this Forbes article for more information. Source: Suburban Realtors Alliance and https://www.forbes.com/sites/nickclements/2017/12/28/borrowers-lose-home-equity-tax-deduction/#752dc3826cdf
A new Fannie Mae and Freddie Mac-approved down-payment program called “HomeFundMe” allows employers to help workers’ down payment on a home, similar to how companies contribute to a 401(k). CLICK HERE to read an overview from the National Association of Realtors. (source: NAR realtor magazine). Or Click HERE and go directly to the HomeFundMe website to learn more … More “HomeFundMe” – How Employers Can Now Add to Down Payments
Delaware County Council has contracted with Tyler Technologies Inc. to provide real property appraisal services for the County’s 2020 general reassessment. The reassessment, which was court ordered in March 2017, will be effective for the 2021 tax year. The project, which is being implemented through the county treasurer’s office, will utilize Tyler’s appraisal and street-imaging … More Data collection for Delaware County reassessment underway
The Tredyffrin/Easttown Board of School Directors last week unanimously adopted a 2018-2019 preliminary budget proposal that would increase taxes on the average home by $178 per year. The preliminary budget includes $147.2 million in expenditures, with a planned 2.42 percent increase in the property tax rate. School officials say the tax hike will help to … More Tredyffrin/Easttown school officials plan 2.4 percent tax hike
With the new tax law in effect, the National Association of Realtors (NAR) has released estimates on how home prices will trend in 2018 for each state. NAR considered the following four factors as driving forces of the housing market in 2018: Current housing market conditions and momentum New tax law impact Interest rate effect Employment … More Tax Reform Impact & Home Price Outlook for 2018