Albert Clark, Helping Agents Get and Stay Relevant

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Rainmaker
3,377,305
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I do not mention it. I answer if buyers ask. As far as the deduction, it has always faced an attack from the left. I do hope Trump knows how much it means to those who take advantage of it. The last 8 years have seen an all out assault on those who work hard, buy a home, build businesses and that is about to change

Dec 24, 2016 08:00 AM
Rainmaker
1,426,200
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Like the second amendment and California's Prop 13, MID is always under fire.  I don't discuss politics with clients and would never ask them to call/write/email on an issue.  To say I couldn't care less about what NAR says implies that I actually care about what they say and that would be WRONG!

Dec 24, 2016 10:41 AM
Rainmaker
1,760,579
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes I have in the past done this with a monthly newsletter. I think it is a good thing & might not be on homeowners radar.

They've been trying for years to kill that deduction.

NAR is just a bunch of blowhards. If they really were worried about it they would do more.

Dec 24, 2016 09:22 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Albert Clark The Mortgage Interest Deduction has always been a big target. I wouldn't upset my clients until I knew it was a done deal.

Dec 24, 2016 07:54 AM
Ambassador
3,147,711
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I participate in NAR calls to action when appropriate.  I would never ask my clients to be engaged in the process.

Dec 24, 2016 02:00 PM
Ambassador
4,725,360
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I mention it to first time buyers to look into but no discussion about taking any action. It's been a debate for years now

Dec 24, 2016 10:45 AM
Ambassador
955,357
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

I would defer to a CPA. This conversation is time tested. 

Dec 24, 2016 10:33 AM
Rainmaker
5,580,072
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's a topic for an accountant.... I was always very careful about crossing the line with accounting and/or legal issues.... one hat...real estate....

Dec 24, 2016 09:38 AM
Rainmaker
4,247,428
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I mention the Mortgage Interest Deduction to clients as part of the homeownership process but I don't feel it's my place to suggest any legislative action unless they ask.  

Dec 24, 2016 08:22 AM
Ambassador
2,605,808
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 I might post a link or article on my social media sites.  But I won't encourage my clients to mail, call, or email.

Dec 24, 2016 05:39 PM
Rainmaker
2,685,152
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If it comes up, have something to say. If not, customer serve

Dec 24, 2016 01:04 PM
Ambassador
1,879,149
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I would definitely participate in a call-to-action regarding saving the MID.

Dec 24, 2016 10:08 AM
Rainmaker
845,002
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Would not discuss it in terms of "action". I think it will stay.

Dec 24, 2016 09:05 AM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I wouldn't get ahead of it but also Fannie and Freddie are targets of the Republican House so real estate will be under attack.

Dec 24, 2016 08:22 AM
Rainmaker
1,668,126
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Do not mention it except to first time home buyers.

Dec 24, 2016 08:01 AM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This question should be directed to their accountant.

Dec 24, 2016 10:23 PM
Ambassador
3,949,006
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I refer my clients to their tax professional to maximize their returns. I am not qualified....

Dec 24, 2016 09:19 PM
Ambassador
3,724,077
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I don't do that, but it's not a bad idea.  I think eliminating the mortgage deduction is a bad idea.  

Dec 24, 2016 11:15 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

Why would I mention it in marketing?  Interest is only deductible if it meets the conditions in the Income Tax Act, its Regulations and relevant court cases.  They should talk to their tax advisor about such matters.

Dec 24, 2016 10:05 AM
Rainmaker
915,088
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I do encourage them to 'fire off an emal, letter and phone call' to their representatives to have OBAMACARE classified as a TAX on the citizen and applied as a paid tax.

Dec 24, 2016 09:59 AM
Rainmaker
6,977,513
Roy Kelley
Retired - Gaithersburg, MD

I would not bring up this topic. We hear the same talk every year.

Dec 24, 2016 08:56 AM
Rainmaker
4,285,924
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am all for the NAR to fight it!  I still would mention it.

Dec 24, 2016 08:42 AM
Rainmaker
5,273,958
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The MID has always been a target, and hope our lobbyists keep it intact!  

Dec 27, 2016 07:08 AM
Rainmaker
5,767,421
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Albert,

I have not fond of talking about things that could happen.  A

Dec 25, 2016 08:59 PM
Rainmaker
4,518,788
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Income Taxes are for the accountants! Some people get no real benefit from the interest deduction!

Dec 25, 2016 11:21 AM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks

Dec 25, 2016 09:15 AM
Rainmaker
939,550
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

It is a big deal, but I would hope the client's tax person has already discussed it with them.  I am more apt to advise clients to appeal their tax valuations.

Dec 25, 2016 08:47 AM
Rainmaker
941,523
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I have them speak with their accountant regarding anything tax related

To answer you question though - No I would/will not

Dec 25, 2016 07:45 AM
Rainmaker
4,442,420
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I don't discuss tax issues with my clients. And at this stage we simply don't know enough to really talk about anything regarding mid.

Dec 25, 2016 05:40 AM
Rainmaker
3,070,784
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Frank Rubi nailed this one!

Dec 25, 2016 03:33 AM
Ambassador
4,515,732
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I don't market it but, if they are first time home buyers, yes.  This has been under fire for a very long time - years, in fact. 

Dec 24, 2016 05:57 PM
Rainmaker
4,799,701
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is not something I plan on getting involved with.

Dec 24, 2016 05:04 PM
Ambassador
5,708,447
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It is good for people to be aware of what the folks in Washington are up to and how it will affect them.

Dec 24, 2016 04:23 PM
Ambassador
3,986,960
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I mention it to my clients but many don't have enough other deductions to use it and file the long form. 

Dec 24, 2016 03:43 PM
Ambassador
4,316,065
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Albert Clark - always - with my buyers. Specially first time home buyers.

Dec 24, 2016 03:27 PM