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Welcome to Jeff Coffman's Dripping Springs, Austin and Driftwood Real Estate Website

Welcome! Here You Can Find Great Information on Dripping Springs, Austin and Driftwood, Texas Real Estate  

Looking for homes? Search everything the web has to offer, right here! Don't miss our Feature Homes.  

Need local real estate information? We've summarized much of what is important about the Dripping Springs, Austin and Driftwood real estate market in this site.  

Need expert advice? No web site, large or small, can take the place of a real estate agent. Not even ours! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job.  

Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR real estate agents. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.  

Buying and selling a home is one of the biggest events in your life. we have the experience and track record you are looking for.  

- Jeff Coffman  




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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 
To what process do the terms closing, escrow, settlement and passing papers refer?

A 
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
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Jeff Coffman, REALTORŪ, real estate agent and broker for Dripping Springs, Austin and Driftwood, Texas home listings, property and land for sale

Jeff Coffman
Keller Williams

333 e. hwy 290
Dripping Springs, TX 78620
512-894-4043
Fax: 512-697-2843
jeffcoffman@BestImageAgent.com


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