IRS Tax Deductions from your Mortgage

As tax time is upon us and with all the talk about recession, politics and the housing market, most people are not focused on the fact that we are only ten days from tax day.

So if you are a procrastinator as is the American-way, remember to plan for some of your Mortgage and Real Estate related tax deductions to save some money this year.

Here are a few places to save:

1) Discount Points – Lender Discount Points are seen by the IRS as pre-paid interest charges. 

2) Pre-paid Interest – your closing statement shows prepaid interest depending on how many days you will be in the property in the month you close.  

3) Pro-rated Property Tax any property tax you pay at the closing table is deductible

4) Origination Points – Broker fees or Points are also considered pre-paid interest.

5) PMI/MIP – Mortgage Insurance on a loan that is over 80% Loan to Value (LTV) is deductible

Where to consult your Accountant for sure:

6) HELOC / Equity Line – interest on your 2nd Mortgage or Home Equity Line of Credit may be deductible. 

7) Second Home – this is a grey area.  Your accountant knows the rules on deducting mortgage interest on 2nd home mortgages.

8) Depreciation – Investment properties only!!  !

My Professional Advice:

You have your closing package from when you closed your property neatly filed away, right? (nudge nudge)

Get it out and take it with you when you visit your tax preparation specialist or CPA.  Make sure to have your Accountant review your closing statement and IRS Form 1098 that you will receive from your lender in the mail.

Your accountant will then make sure you get credit for all your deductions.

To get the full article, follow this link -o-> Florida Mortgage | IRS Tax Savings on your HUD-1

More Florida Real Estate Industry News You Can Use from
David A. Podgursky, MBA
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Homes for sale in Windermere Club Florida

Windermere Club Three Bedroom Single Family Homes

 There are currently 1 single family homes active on the market

• 3  baths and three half baths

 Square Footage ranges from 1456 to 3688

Prices range from $299,000 to $2,200,000

Days on Market range from 41 to 285

Average days on Market is 140

Windermere Club Four Bedroom Single Family Homes

There are currently 5 single family homes active on the market

• 4 three bath homes
• 1 three bath and one half bath

Square Footage ranges from 2835 to 3936

Prices range from $699,000 to $834,500

Days on Market range from 5 to 49

Average days on Market is 30

 Windermere Club Five Bedroom Single Family Homes

There are currently 3 single family homes active on the market

• 1 Three Bath
• 1 Three bath and one half bath
• 1 Four bath and one half bath

Square Footage ranges from 3321 to 4573

Prices range from $749,000 to $915,000

Days on Market range from 53 to 451

Average days on Market is 243

Thinking of selling your home like a market snapshot specific to your property go to this location and select seller.

If you would like a free copy of Getting the Best Deal When Selling Your Home select the contact us tab above this blog post.  You can check all active listings in mls too!

Teri Isner

Orlando Real Estate Agent

Keller Wiliams at the Lakes / Celebration

504 Celebration Ave.

Celebration Florida 34747

407-467-5155

Orlando Florida Real Estate 

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Windermere Homes Market Report Orlando Florida Real Estate March 2008

Windermere Homes Market Report

Windermere Homes Market Report Orlando Florida Real Estate March 2008

Windermere Homes Market Report 

March  2008

Town of Windermere Three Bedroom Single Family Homes

There are currently 13 single family homes active on the market

• 6 two bath  one bath
• 4 two and a half baths
• 2 three baths
• 1 three and a half bath 

Square Footage ranges from 1456 to 3688

Prices range from $299,000 to $2,200,000

Days on Market range from 41 to 285

Average days on Market is 140
 

1 is pending  

Average days on the market 43 

Average Pending Price:  $435,000

Town Windermere Four Bedroom Single Family Homes

There are currently 7 single family homes active on the market

• 2 two bath
• 1 two and a half baths
• 1 three bath and one half bath
• 1 three and two half baths
• 1 four bath
• 1 four bath and two half baths

Square Footage ranges from 2002 to 4540

Prices range from $419,000 to $2,499,995

Days on Market range from 15 to 317

Average days on Market is 110

Town of Windermere Five Bedroom Single Family Homes

There are currently 4 single family homes active on the market

• 1 Three bath
• 1 Four bath
• 1 Four bath and one half bath
• 1 Five bath and one half bath

Square Footage ranges from 2002 to 4540

Prices range from $639,000 to $3,200,000

Days on Market range from 15 to 432

Average days on Market is 175

Town of Windermere Six Bedroom Single Family Homes

There are currently 1 single family homes active on the market

• 1 Five bath and one half bath

Square Footage ranges from 5740

Prices range from  $3,200,000

Days on Market range from 15

Average days on Market is 15

 1 is Pending 

Average Pending Price:  $435,000 

Average days on the market 43

Thinking of selling your home like a market snapshot specific to your property go to this location and select seller.

Windermere Homes for sale.

Teri Isner

Orlando Real Estate A
gent

Keller Wiliams at the Lakes / Celebration

504 Celebration Ave.

Celebration Florida 34747

407-467-5155

Orlando Florida Real Estate 

If you would like a free copy of Getting the Best Deal When Selling Your Home select the contact us tab on top.

Orlando Florida Real Estate and pest control update why pest inspections are a must!

Orlando Florida residents and home buyers it is that time of year again to take a closer look at your pest control.  Most importantly your termite bond and udating your termite inspections.

The spring season brings on that spring cleaning urge but don’t forget the pest control especially this time of year.  This goes for Orlando Florida buyers and sellers that need to be informed and up to date about potential pests that could be lurking behind walls or beneath the soil.  Don’t be the seller caught during the pest inspection with termite or ant infestations.

Did you know termites are America’s $5 billion pest problem?  I know it is gross to talk about bugs and the nuisance ants can be as sociable as they are no one wants them at your next dinner party.  You have that glamorous new kitchen or beautiful remodeled garden, but remember Florida is considered a very high risk of termite infestation.  As for ants there are ten different species that can potentially threaten homes so what can we do as a Orlando Real Estate buyer or seller?  

You may have the most beautiful and well kept home, but you are still at risk because termites and ants can strike without warning.  You can learn more about both first check out the Termite Institute and Ant Institute to find out about America’s most common household pest.

If you are a first time home buyer or seasoned home owner these sites will help you identify, prevent and offer suggestons to solve termite and ant problems.  There are live web cameras and podcasts that show what is like when your home is invaded by one of these pests.

If you are not an Orlando Florida Real Estate buyer or seller here is an map which shows the areas of concern. 

I can speak here from personal experience when we were buying our first Florida home guess what showed on the pest inspection?  Yes that’s right termites.  The homeowners had it treated and paid for the bond.  Yes is can be treated and an annual check up helps you stay in control.  Termador is a terrific new treatment which you can read about at the Termite Institute at the solutions sections that identify the best ways to rid your home of these problems. 

You can even sign up for their tip list.  I want to thank Corrinne Cupton for reminding me of this important topic for this time of year.  If you have questions don’t hesitate to call her at 610-941-0395 extension 148 or email her at cupton@fcfschmidtpr.com  she can give very useful advice and information

Lakefront living on the Butler Chain of Lakes

Did you know that Windermere Florida is a sister city of Windermere England?  In England Windermere is known as the Lake District and it would make sense that Windermere Florida is a sister city as it is also set amidst the Butler Chain of Lakes.

Real Estate has historically been more valuable by lakefront settings and Windermere Florida is no exception.  Lots starting at a million dollars and up are not unusal especially for the Butler Chain of Lakes if you can find anymore.

Thanks to the surrounding Butler Chain of Lakes the lakefront lifestyle is a top choice for the Windermere home buyers.

Currently there are 35 lakefront homes for sale in the multiple listing service at the time of writing this for sale on the Lake Butler Chain within Isleworth, Keene’s Pointe, Lake Butler Sound, Park Ave, Windermere Downs and Windermere addresses.   Priced from 1.2 million up to 12 million. 

Then of course there is one more that almost got auctioned this last Saturday that of the infamous Lou Pearlman best know for his management of In-Sync and the Back Street Boys.  It got an offer over 3 million but earlier they had one over 5 million and will have to wait to see what happens.

Watersports, fishing, tennis or golf are  part of Isleworth, Park Ave. and Keene’s Pointe as well as the clubhouse amenities.   There are homes not in gated communities too with all the waterfront fun and close to golf.

If you want to learn more specifically about the Butler Chain of Lakes or why living in Orlando is so much fun there are so many good reasons to enjoy the Windermere Florida Lakefront lifestyle check this out. 

We have had our boat out on all the lakes and it will take about 4 hours to enjoy a trip through all of them from Lake Down to Fish Lake.  Stop for a picnic on board or swim and ski.   The town of Windermere is well known for its towering oaks and town activities as well as the Butler Chain of Lakes.

So if it is a home you are looking for that lakefront lot where the sun is glistening brightly on the water and the fun seems endless call us today.  Appointments are necessary and we will have all of the best options to share with you.  Give us a call today if a home on the Butler Chain of Lakes is in your future.  You can start your search for Windermere Lakefront homes on our website by map, subdivision, zipcode or city/county

Orlando Florida Real Estate in Dr. Phillips Best Priced Listing

Check out the price on this Orlando Florida real estate Dr. Phillips listing for space and convenience.  Now only $315,000 4/2.5 pool home has an incredible price for an incredible location right in Hidden Springs. 

All you need with huge open living area, plenty of bedrooms formal dining plus eat in kitchen there is also screened in porch off the pool with a wonderful fenced backyard.   The vaulted ceiling fireplace is seen from both sides.  The back side is currently the game area and the front a spacious living room.

The Orlando Florida Dr. Phillips real estate area is very sought after with a location close to I-4, shopping and the new Millenia Mall each just minutes away.   Also very close to Universal, Disney and Sea World resorts as well as International Drive and the great restaurants on Sand Lake Road and Dr. Phillips Center. 

Over 2200 sq.ft with a two car garage there is space for all the family.

Set on a quiet cul de sac this home is in the Olympia High School district, Chain of Lakes Middle and Palm Lake Elementary. 

Aside from excellent schools each of the bedrooms are spacious, plenty of counter top space and cabinets in the kitchen, over sized laundry room, and extra storage above the garage.

Tucked away on a quiet cul de sac you can enjoy the large backyard with plenty of room for a garden, the pool, trampoline and shade trees.  Inside the vaulted beam ceilings and wood accents give a real open feeling to the home.  So if space and convenience are what you need call me today to come look inside this beautiful home.

Check out the other extra features of this Orlando Florida Dr. Phillips home or print the flyer.  Add your own personal touch and experience the value of one of the best buys in Dr. Phillips homes for sale today.  Call us to look inside.  Ask for Tricia at 407-697-0820.

Want to find out what else there is to do in this area?  Check out all the Orlando Florida lifestyle choices and options close by.

If you or someone you know is thinking of buying or selling in the next 6 months call us today for one of our exclusive buyer or seller packages.  If you mention this blog you can also ask for a free copy of the the book Getting the Best Deal When Selling your Home or How to Get the Best Deal When Selling your home.

Orlando Florida Real Estate in the town of Celebration Florida

This Celebration Florida condo for sale in North Village Georgetown is on the top floor.  No problem there is a difference in the many condos for sale and this one has the best of all worlds.  Private tucked away location in a beautiful Mediterranean building.

Next this is one of the very few condo buildings with elevator service.  It also has its  own private single car garage right across from the car wash, and post office boxes.  Remember location location location this Celebration Florida Condo has it all.  Did we mention the new price?

Under 300K this unit may also come furnished for a small premium to be decided by the seller.  So it is move in ready just bring your clothes we can make it happen.  The unit does include all appliances plus washer and dryer. 

Plenty of closet space with walk in closets, kitchen pantry closet, hall closet and storage over the hall desk.  Great kitchen counter top space and plenty of cabinets for the chef in your family. 

Beauty warmth and value throughout you won’t be disappointed so come look inside one of the best deals in Celebration Florida.  Don’t forget we have no State income tax in Florida so if you are looking for a great place to call home Celebration has so much to offer.

Still want to know more?  Disney did a video about why people love living in Celebration.  If you want to see more of the villages and all that Celebration has to offer here is another opportunity to see the wonderful beauty of the Town of Celebration.

Your home away from home or permanent residence with easy lifestyle living is here in this Celebration condo only minutes from Disney, roads, restaurants and entertainment.  You can’t go wrong so come take a look inside.  Call and talk to Teri today and start packing this condo has it all. 

If you want a flyer or would like to send a flyer to friend who may also be considering a new home in Celebration Florida we made it easy for you to do.   Better yet come look inside this is the real deal. 

Orlando Florida Vacation Home at Indian Creek near Disney

This would make a lovely Orlando Vacation home close to the parks.  Not only is this a delightful hme inside it comes with bookings and a great property management company already in place.  This is a real gem and having trustworthy management so important especially if you live miles away.

You won’t have to worry about the details when you have the expertise of a trusted Home Management Service.  They even provide free worldwide telephone services.  Check below for the link to one of our favorite companies.

You can enjoy conservation views and privacy by the pool and luxury spa.  If you have game players in your family don’t miss the game room.  Enjoy enhanced cable TV and high speed internet access.

You won’t be disappointed there is so much activity that all your guests can enjoy in this beautiful 3 bed 2 bath home Orlando vacation home.  Just 3 miles from Disney and great area restaurants not to mention the shops that are close by all for your guests convenience.

Buy this home for your own family use or also use it as a rental investment property. 

If you want to know what else is only minutes away check out the list I created here about Orlando Resources.

View a slide show of this property and check out the property management of this company which if you buy this home would be wonderful to keep.  Why?  They have the records and repeat visitors that have already stayed in this warm and welcoming home and are very reasonable compared to services of other management companies in the area.

Here is an example of what I mean.  I won’t mention names here but going with a just any proberty management company is not always the best option for your pocket book.  Let’s say your home rents for two weeks in the peak season and you are guaranteed $600 per week.  Income could be as high as  $1800 for the two weeks in a peak season.  So if you are with a not so reputable guarantee company that promises you $600 per week  who do you think is pocketing the extra money? Not you.  There are also companies that charge $25 to change a light bulb or filter.  Enough said.

Here is the management company we recommend to our clients. 

Using a reputable management company is key.  It is all in place if you purchase this home in Indian Creek and make it your Orlando Vacation Home priced at $349,950.  Call Teri today for details or a private showing at 407-467-5155.

Orlando Florida home in Windermere Club Golf Course Community

Do you want this golfcourse view?  This Windermere Club golf course community is the answer, with a prestigious Windermere address.

If you don’t like living in a cookie cutter claustophobic surroundings why not come to Windermere Club golf course community for the views, space and luxury you would expect in a gated community with a wonderful country club.

Located on a quiet cul de sac street this home has not only incredible views, but is in a community of luxury homes which all share the benefit of a country club community lifestyle.

There are two entrances to Windermere Club on off McKinnon Rd and the main one off Park Avenue.

Not a detail has been missed.  A new exercise room, comfortable famly room, spacious kitchen with granite counters, desk and plenty of storage.  Best of all is the golf right outside your back door. and tennis courts next to the country club.  Enjoy the sunsets and warmth of a sunny south facing pool or soak in the spa.

Formal dining is easy with the open dining room just off the formal living area.  Views of the patio and course abound right from the moment you open the front door.  This split bedroom floorplan has 4 bedrooms and  3 baths.  Completed renovated in 2004/05.  Everything is brand new.

 Enjoy warm evenings relaxing in your Hot Springs Hot tub. This is the perfect Florida home with nothing remaining to do except enjoy!

Of course it is a golfers delight with view of the 18th fairway and driving range.  Built by S. Cahill this home features a kitchen-family room combination with golf course views, and the separate area off the master bedroom which has been converted into a personal gym.

 Take a virtual tour of this property or watch the video to enjoy the a printable flyer which you can email to a friend.   

To look inside just give us a call at 407-467-5155 you won’t be disappointed.

Orlando Florida Vacation Home for sale in Windsor Palms

A wonderful Orlando Florida Real Estate Investment Opportunity at Windsor Palms.  This sought after Brighton model is one of the most popular plans at Windsor Palms.  Why?  The Brighton model has a covered porch area for added space surrounding the sparkling pool and spa.

So much to offer with enough room to sleep 10 comfortably, 4 bedrooms and 3 baths.  This home comes fully furnished right down to the silverware and all the games in the newly added game room.

Windsor Palms has one of the best rental investment histories out there when it comes to repeat business.  Close to golf, and only 3 miles from Disney minutes more to SeaWorld and Universal.  If you have had enough of the parks and want to go to the beach that too is only about an hour away from each coast. 

What else makes this a home to own is the benefit of having an up and working website.  Did you know if you book in your own clients you save big when it comes to the fees a property management company may charge.  This owner has been very successful with bookings and will sell it with current bookings in place and several repeat bookings.

Having clentele that want to come back to your home year after year makes it easier to manage.  The owner is willing to share his secrets to success with the new owner.  You can take advantage of his 4 years experience and very good advice.  The website alone is worth it!

Why Windsor Palms aside from its track record this community has alot to offer the guests.  A store on site, beautiful community pool, fitness room, theatre, games room and clubhouse meeting area.  There is a reason guests return here year after year.

So what are you waiting for call Teri today for a look inside this beautiful home at 8103 Fan Palm Way.  Your Orlando Vacation home is waiting and so is the Florida sunshine!