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Charlottesville Area, Albemarle County and Greene County Weather 

The Charlottesville area is known for its mild winters and extended and beautiful springs and falls. Being located in Virginia, the Charlottesville area is assured of four full and beautiful seasons with all the varied activities possible at different times of the year. There is hiking and picnicking in the summer and sledding in the gorgeous winter. Spring is a lively, vigorous time of renewal and our autumns are beautiful with colorful foliage. What a place! 

Feel free to peek at our local forecast via the website featured on this page. 

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Real Estate Tips
Tax Considerations >Tax Deductions

Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.

The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.

Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.

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Real Estate Trivia
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What might happen to the Empire State Building in extreme weather?

A 
The Empire State Building can sway several feet to either side when buffeted by a severe windstorm or rainstorm.
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Bob Harris, REALTOR®, real estate agents and broker for Charlottesville Area, Albemarle County and Greene County Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Bob Harris
Real Estate III Forest Lakes

1770 Timberwood Blvd. Suite #101
Charlottesville, VA 22911
Phone #: 434 817-5888
800 455-7222
Fax #: 434 974-7376
Email: bobharris@NUMBER1EXPERT.com

Bob Harris and his team specialize in satisfying client needs by listening first, and then performing over and above expectations. Bob brings to the table twenty-four years of successful sales and marketing experience, a proven track record in strategy planning, prospecting, presentations, negotiations, customer service, problem solving and all other sales related areas.

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