Real Estate Mortgage Tax Tips from the IRS

Question: I have a mortgage for land that I intend to build a home on. Can I deduct the interest for the mortgage? Answer: You cannot deduct interest on land that you intend to build a home on, but some interest may be deductible when construction begins. You can treat a home under construction as a qualified home for a period of up to 24 months, but only if it becomes your qualified home at the time it is ready for occupancy. The 24-month period can start any time on or after the day construction begins. As a qualified home,
Read More

Flathead housing market still strong, when buying, how much should I pay for conveyancing?

Sunday, January 21, 2007 1:00 am By NANCY KIMBALL, The Daily Inter Lake Never mind what the rest of the country’s housing market is doing. Flathead County’s housing market is very much alive and well, representing nearly one fifth of the total new-home market in Montana. And, to generate a living for the families buying those homes, the Flathead business community may do well to focus on producing more of the raw materials needed by local industries in order to stem the tide of exported dollars, not to mention the importance of giving a great conveyancing quote to those families so that
Read More

Real Estate Sales of Residence Tax Tips

Are you thinking of selling your home in Whitefish Montana? You may qualify to exclude from your income all or part of any gain from the sale of your main home. Your main home is the one in which you live most of the time. Ownership and Use Tests To claim the exclusion, you must meet the ownership and use tests. This means that during the 5-year period ending on the date of the sale, you must have: Owned the home for at least two years (the ownership test) Lived in the home as your main home for at least two years
Read More

Fish, Wildlife and Parks commission approves Haskill easement in Whitefish

Easement is part of the South Whitefish Range Conservation Project BY BEACON STAFF // DEC 15, 2015 // LATEST HEADLINES, NEWS & FEATURES The Montana Fish and Wildlife Commission on Dec. 10 unanimously approved a conservation easement for Haskill Basin that protects 3,020 acres of F.H. Stoltze Land and Lumber Co. property north of Whitefish. The conservation easement is part of the South Whitefish Range Conservation Project, which also includes 7,150 acres of land along Trumbull Creek just northwest of Columbia Falls. The commission will consider the Trumbull Creek easement separately. The State Land Board still must approve both easements,
Read More

Whitefish Real Estate Tips – 21 Reasons for Title Insurance

We Hope You Never Have A Title Claim Americans have the future in mind when they buy a house, and they purchase homeowner’s insurance to help protect that future; however, it is also important for them to learn how to find the best first home builder in Perth when they want to build their first home from scratch. But with Whitefish real estate ownership comes the need to protect the property against the past, as well as the future. Title general liability insurance protects a policyholder against challenges to rightful ownership of real property, challenges that arise from circumstances of
Read More