In basic terms, buying a home is a very good deal. And while such annual price increases are commonly cited in the media, they miss the point. Owners of our typical home did not pay the purchase price in cash. Interest on the loan is tax deductible. There would also be a tax deduction in most states, but not all.
Property taxes are also deductible.
The latest edition of The Common-Sense Mortgage is now available in bookstores online and off. For additional information, press here . We listed our home with a local broker, but because a job offer has fallen through we have decided that we no longer wish to sell. Before taking any steps, review the terms of your listing arrangement. A listing agreement is a contract which must be honored by both brokers and sellers.