3/11/2008

Tax information for first homeowner



Tax information for first homeowner

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Home Buyer's and Seller's Guide to Radon

OVERVIEW
This Guideanswers important questions about radon and lung cancer risk. It also
answers questions about testing and fixing for anyone buying or selling a home.

Radon Is a Cancer-Causing, Radioactive Gas

You cannot see, smell, or taste radon. But it still may be a
problem in your home. When you breathe air containing radon,
you increase your risk of getting lung cancer. In fact, the Surgeon
General of the United States has warned that radon is the second
leading cause of lung cancer in the United States today. If you
smoke and your home has high radon levels, your risk of lung
cancer is especially high.

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How to Make the Most of Your Home Buying Experience

The Division of Real Estate & Professional Licensing is a state agency within the Ohio Department of Commerce. The Division licenses and regulates real estate brokers and sales associates who arrange for the sale or lease of real estate, as well as real estate appraisers. Regulation of real estate brokers, sales associates
and appraisers is intended to ensure that they conduct their business in a legal and ethical manner. The laws dealing with real estate can be complicated. Frequently, problems arise simply because the parties involved do not understand the importance of each step of a transaction. The Ohio Division of Real Estate & Professional Licensing has assembled this booklet to assist you with the home buying process. In
addition, you might want to utilize the services of professionals in the real estate industry. Professionals such as real estate agents, real estate appraisers, real estate attorneys and qualified inspectors can assist you with and advise you on the details of your purchase.

The Division is pleased to provide the information in this booklet as a service to the general public. In addition, the Division offers an online look-up service at www.com.state.oh.us, which allows you to check the status of real estate agents you may be considering. This guide is intended as general information only. The
Ohio Division of Real Estate & Professional Licensing does not and can not warranty or guarantee the accuracy or availability of the content of this booklet. References to third parties are provided exclusively for conve-nience and are not and should not be interpreted as an endorsement, sponsorship or recommendation of the
third party. You should consult your personal attorney, real estate or tax professional for details and advice on your specific situation. Should you need to verify the licensure of a real estate salesperson or brokerage, or need information about filing a formal complaint with the Division, you may contact the Division at 614-466-4100, e-mail at REPLD@com.state.oh.us or visit the Web site at www.com.state.oh.us.

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Home Decoration

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3/07/2008

The Complete Guide to Flipping Properties

Title: The Complete Guide to Flipping Properties
Format: PDF
Pages: 238

Excerpt from Introduction: Buying and selling real estate can be one of the most profitable and lucrative investments activities an individual can participate in. There are many approaches to investing in real estate, most of which are centered around various time horizons. On one end of the investment spectrum is the buy-and-hold strategy, where an investor might purchase a property and hold it for many years. On the other end is the buy-and-sell strategy, where an investor might hold the property for only a few months, weeks, or even days. It is the latter of these two strategies that I focus on in this book.


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J.K. Lasser's Homeowner's Tax Breaks

Title: J.K. Lasser's Homeowner's Tax Breaks
Format: PDF
Pages: 257

Excerpt from Introduction: This is a book of revelations.
Tax revelations. It reveals a multitude of little-known tax-saving ideas for homeowners that can put substantial dollars in their pockets. In fact, it is packed with the largest collection in print of tax-planning ideas for the homeowner. Beyond the garden variety deductions for mortgage interest and real estate taxes, homeowners have a cornucopia of tax opportunities. These include such little-known breaks as getting tax-free rent from a short-term home rental, using the generous $250,000/$500,000 home sale exclusion to shelter gain from the sale of other real estate, and pocketing tax-free mortgage proceeds when
trading up to a more expensive home.


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Home Closing Checklist

Title: Home Closing Checklist
Format: PDF
Pages: 223

Excerpt from Introduction:Everyone knows when a real estate deal closes: It’s when
you get the keys to the house and the sellers get their
money. But when does the closing process actually begin?
In truth, it starts when you make an offer to purchase.
How that offer is written up determines what steps you
have to take in order to eventually receive possession of
your new home.


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