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Real Estate Tips
Investment Real Estate >The Right Time to Buy

Are you waiting for "just the right time" to get into the real estate market? The signs indicate that there is no time like the present. Interest rates are still comparatively low and buyers are shopping for new and second homes in great numbers.

Vacation homes are very popular for investment purposes and personal enjoyment. You can use your vacation home as a getaway property now, and by the time you retire you will have paid a significant amount on the loan. If you live in a vacation home for 14 days a year or less, you can take depreciation on it.

Another important benefit is that tax deductions in the form of interest and property taxes help to offset the cost of paying for a second home. If the debt does not exceed $1 million, mortgage interest payments on principal residences and second or vacation homes are fully deductible for tax purposes.

Don't waste valuable time while interest rates creep upwards -- all you need is the right real estate agent to guide you!

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Arlene and Thomas Gonnella, REALTOR®, real estate agents and broker for Short Hills, Millburn and Summit, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Arlene and Thomas Gonnella
Weichert, Realtors
505 Millburn Avenue
Short Hills, NJ 07078
Office: 973-376-4545 x190
Cell: 201-306-1357
Res.: 201-978-3776
Fax: 973-912-0072
Arlenegonnella@gmail.com

Arlene is the #1 Agent in the Millburn/Short Hills Market for 2004, 2005, 2006, 2007, 2008 and 2009 per GSMLS and the #1 Agent in the Entire Company for 2002, 2004, 2005, 2006, 2007, 2008 and 2009

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