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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Jim Buff Team, a proven Buncombe County, Henderson County, Madison County and Asheville, North Carolina NUMBER1EXPERT™ Top Selling real estate agents.

  • Find Buncombe County, Henderson County, Madison County and Asheville Homes - Find Buncombe County, Henderson County, Madison County and Asheville, North Carolina real estate listings & homes for sale provided by The Jim Buff Team, your local expert real estate agents.

  • For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from The Jim Buff Team, a proven Buncombe County, Henderson County, Madison County and Asheville, North Carolina NUMBER1EXPERT™ Top Selling real estate agents.

  • For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from The Jim Buff Team, a proven Buncombe County, Henderson County, Madison County and Asheville, North Carolina NUMBER1EXPERT™ Top Selling real estate agents.

  • Buncombe County, Henderson County, Madison County and Asheville Information - Find local information on Buncombe County, Henderson County, Madison County and Asheville, North Carolina including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by The Jim Buff Team, a proven NUMBER1EXPERT™ Top Selling real estate agents.

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  • About The Jim Buff Team - Information about The Jim Buff Team including testimonials, guarantees, credentials, and contact information. Learn why The Jim Buff Team is a proven Buncombe County, Henderson County, Madison County and Asheville, North Carolina NUMBER1EXPERT™ Top Selling real estate agents.

 

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School Reports in Buncombe County, Henderson County, Madison County and Asheville, North Carolina
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Real Estate Tips
Tax Considerations >Tax Breaks

      Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
      Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
      Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
     

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Real Estate Trivia
Q 
What was the greatest land grant ever given to an English subject?

A 
William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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The Jim Buff Team, REALTOR®, real estate agents and broker for Buncombe County, Henderson County, Madison County and Asheville North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

The Jim Buff Team
Keller Williams Professionals Realty

86 Asheland Avenue
Asheville, NC 28801
Tel: 828-771-2310
Fax: 828-771-2311
Email: email@jimbuff.com

Jim Buff specializes in North Carolina Real Estate and Luxury Homes, Land and Condo sales. Put success on your side, call Jim!


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