Abington, Lower Moreland and Northeast Philadelphia real estate and homes for sale in Pennsylvania - Lerch & Associates Real Estate, REALTORS® Lerch & Associates Real Estate REALTORS(r) for Abington, Lower Moreland and Northeast Philadelphia, Pennsylvania real estate - NUMBER1EXPERTS™ Lerch & Associates Real Estate NUMBER1EXPERTS(tm) for Abington, Lower Moreland and Northeast Philadelphia, Pennsylvania real estate
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Lerch & Associates Real Estate, REALTORŪ, real estate agents and broker for Abington, Lower Moreland and Northeast Philadelphia Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)
We provide effective real estate services with a caring personal touch. 215-464-9980.


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Our Special Offers: Abington, Lower Moreland and Northeast Philadelphia Pennsylvania home buying, real estate listings, and homes for sale in Philadelphia County County, PA
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Real Estate Tips
Tax Considerations >Tax Deductions

Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.

The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.

Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.

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Real Estate Trivia
Q 
Legend has it that when Brigham Young first saw this city in 1847, he exclaimed: "This is the place!"

A 
Salt Lake City, Utah.
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Arlington Capital Mortgage
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Lerch & Associates Real Estate, REALTORŪ, real estate agents and broker for Abington, Lower Moreland and Northeast Philadelphia Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Craig A. Lerch Jr.
Lerch and Associates Real Estate

1125 Old York Road
Abington, PA 19001
Phone: 215-884-9980
Fax: 215-884-9981
Email: Internet@CraigsDreamHomes.com

SECOND OFFICE: 9361-63 Krewstown Road Philadelphia, PA 19115 Phone: 215-464-9980 Fax: 215-464-9981

Craig Lerch Jr. has been in the top half of 1% of all real estate agents in America for real estate sales since 1996. While at Coldwell Banker in the late 1990s, he was recognized internationally as one of the company's Top 20 agents out of more than 75,000 agents.

Craig is now co-owns a boutique Real Estate agency with his brother Christopher. Lerch and Associates Real Estate serves Bucks, Montgomery and Philadelphia Counties out of three high-end offices.

Craig consistently has been ranked among the Top 300 real estate salespeople in America since 2001. A nationally known and respected real estate speaker and educator, Craig brings a high level of energy and humor into the business of helping buyers and sellers find each other.

He strives to make the buying and selling of real estate as enjoyable an experience as possible, and his agency is a warm and welcoming environment that's designed to build trusting relationships with buyers and sellers alike.

CRSEqual HousingGRIMLSREALTORSRES



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