ByAmy FontinelleAre you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little bit scary. In the end, your aim is to end up with a home you love at a
High Property Taxes Are Not Always A Bad Thing
You could not build this home for $229,000. Why hasn't it sold? Primarily because of the property taxes, which are around $8,000 per year. On top of a full mortgage, that makes the home fairly expensive to own.
However, this situation might be ideal for a cash buyer or someone who needs only a small mortgage. For that $800 per month you would get to live in a home that is nicer than you could otherwise afford, because the taxes drive down the selling price.
Additionally, that $8,000 of taxes is deductible on your income taxes, automatically putting you above the threshold for itemization of all your other deductions.
In short, this is the ideal property for the right buyer -- someone who can pay cash, wants a beautiful home to live in, and needs tax write-offs.
Contact me to find out more or to view 123 N. Christiana Avenue in Gap, PA.
I am a specialist in the management and sale of bank owned AND investment properties throughout SE and Central Pennsylvania. Our team of (14) real estate agents and (3) support staff are here to e....
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