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Don’t Miss This Home Tax Deduction

Reminder Mortgage Insurance is Tax Deductible! You can deduct the cost of  mortgage insurance as mortgage interest on Schedule A if you itemize your return. If you purchased a home with less than 20% down you are paying mortgage insurance as part of your monthly payment. It is calculated as a percentage of the mortgage amount and called PMI (private mortgage insurance, … [Read More...]


What Does a Pre-Approval Mean To a Seller?

In today's real estate market, home buyers need a pre-approval letter before any seller will take them seriously. A buyer needs to be pre-approved before they make an offer to purchase a home. Period. Most Seller's agents will not show an offer … [Read More...]


Friday’s Links

Just a collection of random stories and articles from the week that we found interesting and thought we’d share. "Starbucks Effect" Bigger in Philly than Most Cities (Philly.com) Is a Hotel Good for Fishtown (The Spirit Newspaper) How to Buy … [Read More...]

buying-an-as-is house

Purchasing a Home in “As-Is” Condition

Photo "borrowed" from Ugly House Photos When looking to purchase a home in Philadelphia you may run into a home that's listed in "as-is" condition. This generally means that the seller will not or cannot make repairs. Just because a house or condo … [Read More...]