Orlando, Celebration and Kissimmee Fl Real Estate

SW Orlando has long been a sought after place to live.  Last week I was asked to define just what areas was included here. 

Windermere is the tree city award winner but there are also many surrounding communities with the Windermere address and zip code.  Tildens Grove, Windermere Club, Keenes Pointe, Lake Butler Estates, and Isleworth to name just a  few.  Tree lined community set amidst the Butler Chain of Lakes pristine waters.

Then there is Dr. Phillips area which includes the zip codes of 32819.  Orange Tree, Sandlake Hills, Clubhouse Estates, Torrey Pines to name a few.  Also part of Dr. Phillips is 32836 Bay Vista Estates, Brentwood Club, Bristol Park, Diamond Cove, Emerald Forest, and Turtle Creek.

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As tax time is upon us and with all the talk about recession, politics and the housing market, most people are not focused on the fact that we are only ten days from tax day.

So if you are a procrastinator as is the American-way, remember to plan for some of your Mortgage and Real Estate related tax deductions to save some money this year.

Here are a few places to save:

1) Discount Points - Lender Discount Points are seen by the IRS as pre-paid interest charges. 

2) Pre-paid Interest - your closing statement shows prepaid interest depending on how many days you will be in the property in the month you close.  

3) Pro-rated Property Tax any property tax you pay at the closing table is deductible

4) Origination Points - Broker fees or Points are also considered pre-paid interest.

5) PMI/MIP - Mortgage Insurance on a loan that is over 80% Loan to Value (LTV) is deductible

Where to consult your Accountant for sure:

6) HELOC / Equity Line - interest on your 2nd Mortgage or Home Equity Line of Credit may be deductible. 

7) Second Home - this is a grey area.  Your accountant knows the rules on deducting mortgage interest on 2nd home mortgages.

8) Depreciation - Investment properties only!!  !

My Professional Advice:

You have your closing package from when you closed your property neatly filed away, right? (nudge nudge)

Get it out and take it with you when you visit your tax preparation specialist or CPA.  Make sure to have your Accountant review your closing statement and IRS Form 1098 that you will receive from your lender in the mail.

Your accountant will then make sure you get credit for all your deductions.

To get the full article, follow this link -o-> Florida Mortgage | IRS Tax Savings on your HUD-1

More Florida Real Estate Industry News You Can Use from
David A. Podgursky, MBA
TheMortgageGoToGuy!!
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Orlando Florida residents and home buyers it is that time of year again to take a closer look at your pest control.  Most importantly your termite bond and udating your termite inspections.

The spring season brings on that spring cleaning urge but don't forget the pest control especially this time of year.  This goes for Orlando Florida buyers and sellers that need to be informed and up to date about potential pests that could be lurking behind walls or beneath the soil.  Don't be the seller caught during the pest inspection with termite or ant infestations.

Did you know termites are America's $5 billion pest problem?  I know it is gross to talk about bugs and the nuisance ants can be as sociable as they are no one wants them at your next dinner party.  You have that glamorous new kitchen or beautiful remodeled garden, but remember Florida is considered a very high risk of termite infestation.  As for ants there are ten different species that can potentially threaten homes so what can we do as a Orlando Real Estate buyer or seller?  

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This Celebration Florida condo for sale in North Village Georgetown is on the top floor.  No problem there is a difference in the many condos for sale and this one has the best of all worlds.  Private tucked away location in a beautiful Mediterranean building.

Next this is one of the very few condo buildings with elevator service.  It also has its  own private single car garage right across from the car wash, and post office boxes.  Remember location location location this Celebration Florida Condo has it all.  Did we mention the new price?

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Do you want this golfcourse view?  This Windermere Club golf course community is the answer, with a prestigious Windermere address.

If you don't like living in a cookie cutter claustophobic surroundings why not come to Windermere Club golf course community for the views, space and luxury you would expect in a gated community with a wonderful country club.

Located on a quiet cul de sac street this home has not only incredible views, but is in a community of luxury homes which all share the benefit of a country club community lifestyle.

There are two entrances to Windermere Club on off McKinnon Rd and the main one off Park Avenue.

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