Owning a home still offers significant tax benefits. If you are renting, it may be a good time to sit down with a professional real estate agent to see how much you can save each year by owning your own home.

You save in two ways when you purchase a home. Even though most interest deductions have been phased out, home mortgage interest and state and local property taxes can be deducted. The interest on a home equity loan may also be deductible.

Your real estate agent can show you how these savings will apply in your situation. You may be pleasantly surprised when you compare the tax savings you will receive as a result of owning your home, and you will build up equity as your home appreciates in value! Also, first-time buyers will see expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, allowing penalty-free withdrawals to purchase a home in the Taxpayer Relief Act passed in August, 1997. Consult your tax advisor for your particular circumstance.

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Eric Burch and Ann Burch
Crye-Leike Realtors, Jonesboro Branch
2907 South Caraway
Jonesboro, AR 72401
Eric's Cell: 870.919.4968
Ann's Cell: 870.243.1332
Office: 870.268.4008
Fax: 870.931.1430
Main E-Mail: team@ericburch.com

The name Eric Burch is synonymous with excellence in the Jonesboro real estate market. In our first four years, we have closed over 50 million in real estate transactions. For 2009, our team was named the Top Selling Residential Team for Jonesboro. And Eric has been voted Jonesboro's Local Favorite Real Estate Agent for the third year in a row. Eric has definitely made a name for himself and his numerous awards and increasing sales numbers are proof that he and his team are willing to go that extra mile for their clients. With The Eric Burch All Star Team you are not getting just one realtor. You are getting a whole team on your side. This team consists of three realtors, a marketing specialist and a virtual assistant. Eric's wife, Ann, is an associate broker and works as Eric's full-time assistant and closing agent. Richard Wimberley, also a licensed agent, is our buyer specialist, concentrating on the specific needs a buyer in search for a home. Scott Throgmartin is our personal builder, working to build nice spec and custom homes. Jennifer Jones is our seller coordinator, marketing specialist and helps with listing maintenance. This team has proven success and is willing to work hard for you. Give us a call today!

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