Sage Realty Announces Tax Incentives for Buying Main Line Homes for Sale This Year

Home for Sale in Main lineWayne, PA – March 31, 2017 – Sage Realty, who has helped home buyers realize their goals, has announced that despite the mortgage interest deduction cut, six other home buying tax incentives have kept the American dream of homeownership alive.

Many have speculated that the loss of the deduction could reduce incentive for buyers. However, owning a home is a major accomplishment viewed by many as part of the American dream, and other incentives do exist. Tax incentives help make owning a home more affordable for some families. Sage lists four other tax incentives buyers should ask their tax advisors about for buying Main Line homes for sale.

  • Prepaid Interest Deduction – Prepaid interest, often referred to as points, may also be 100% deductible in the year it was paid.
  • Property Tax Deduction – Property taxes are another deduction homeowners can claim, either the taxes paid at closing or through your escrow account. 
  • Private Mortgage & FHA Mortgage Insurance Premiums– In the event you had to take out private mortgage insurance (PMI), the premiums may be tax deductible.
  • Vacation Home Tax Credit – Depending on several factors, interest rates and other costs of vacation homes may also allow a nice deduction in tax obligation. 

The biggest hurdle facing many potential home buyers is saving for the down payment. Many believe they are required to have 20% of the home’s price as down payment. While a 20% down payment may release home buyers from having to also buy a PMI policy, some lenders are willing to accept a lower down payment depending on each person’s circumstances. 

To learn more about the benefits of buying Main Line homes for sale, please contact the team at Sage Realty directly.

Contact:

Sage Realty

Linda Walters

37 West Avenue, Suite 103

Wayne, PA 19087

(610) 687-4000

For more information, please visit: https://www.findahomeinpa.com/

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Featured Testimonial

I moved to PA from Washington State and learned that realty is local. There were things that I thought I knew about buying a house previously but boy was I wrong. Linda was very patient with me but also did not hold back when she saw potential problems, and always made sure I had all the information I needed before making a decision and didn’t belittle concerns to just get a sale. Above all else, and this was the most important thing to me, Linda has a high ethical standard, is very transparent in her approach and is someone I trusted making one of the biggest decisions of my life. – A. Lindsay (Courtesy of Google)

 

Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.