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Mike Narlis
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 757-373-5934.

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''Best experience I've ever had with a Realtor''
"Mike's committment to quickly return all calls and email quickly was amazing. Maintained communication and enthusiasm"
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Real Estate Tips
Investment Real Estate >The Right Time to Buy

Are you waiting for "just the right time" to get into the real estate market? The signs indicate that there is no time like the present. Interest rates are still comparatively low and buyers are shopping for new and second homes in great numbers.

Vacation homes are very popular for investment purposes and personal enjoyment. You can use your vacation home as a getaway property now, and by the time you retire you will have paid a significant amount on the loan. If you live in a vacation home for 14 days a year or less, you can take depreciation on it.

Another important benefit is that tax deductions in the form of interest and property taxes help to offset the cost of paying for a second home. If the debt does not exceed $1 million, mortgage interest payments on principal residences and second or vacation homes are fully deductible for tax purposes.

Don't waste valuable time while interest rates creep upwards -- all you need is the right real estate agent to guide you!

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Real Estate Trivia
Q 
What is an encumbrance against a property, which may be voluntary or involuntary?

A 
There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien.
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Mike Narlis, REALTOR®, real estate agent and broker for Chesapeake, Virginia Beach and Norfolk, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Narlis
William E. Wood & Assoc.

128 Battlefield Blvd. North
Chesapeake, VA 23320
757-373-5934
Fax: 757-410-3475
mikenarlis@NUMBER1EXPERT.com


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