PHILADELPHIA--(BUSINESS WIRE)--Noah Ostroff, the Operating Partner of KW Philly and the Founder and CEO of PhillyLiving, today announced that he has passed the torch to veteran real estate agent and CEO of Center City Listings, David Snyder. Snyder will become the new Operating Partner of KW Philly alongside the support of several financial partners. “I know David has incredible ideas for the future of KW Philly. He will continue our reputation of being the number one brokerage in Philadelphia, honor our legacy and traditions, as well as implement fresh initiatives in order to help our agents continue to achieve massive levels of success” Tweet this After a successful career in real estate, Ostroff started the KW Philly brokerage in 2016 and it quickly became an office filled with the top real estate professionals in Philadelphia. At 475 agents, it is the largest and also the number one brokerage in Philadelphia since 2018, just two years after opening. It is also the number one Keller Williams brokerage in the region and is within the top 15 Keller Williams brokerages across the country. Since its inception, agents at KW Philly have proudly sold over 21,000 homes and over $7 billion in real estate. Ostroff will remain a partner at KW Philly and will continue to support his real estate team, PhillyLiving, as well as his development company, Center City Development. “I know David has incredible ideas for the future of KW Philly. He will continue our reputation of being the number one brokerage in Philadelphia, honor our legacy and traditions, as well as implement fresh initiatives in order to help our agents continue to achieve massive levels of success,” said Ostroff. “I’m excited to take things from good to great,” said Snyder. “I hope to build the culture and the educational platform - one where we continue to provide a family atmosphere and increase growth and development.” David Synder has worked in real estate for over 20 years. His real estate team, Center City Listings, is one of the top teams in all of Philadelphia, selling over $200M per year in real estate. David has also been involved in development and will provide the location for the new KW Philly headquarters to be completed in 18 to 24 months. The new KW Philly headquarters, scheduled to begin construction this Fall at 725 South Broad Street, will be 25,000+ square feet and five levels. It will provide a new modern professional environment with more private offices, more conference rooms, and flex space for interactions. There will be more space for growing teams as well as our ancillary services. GCA Insurance & Financial Services will relocate their office to the brokerage to join Great American Abstract and Center City Mortgage and Investments. About KW Philly KW Philly, a Keller Williams brokerage, was founded by Noah Ostroff in 2016 and is the number one brokerage in Philadelphia for homes sold. In 2021, KW Philly sold 4,700 homes or $1.9 billion in volume and $48 million in revenue. The brokerage has offices at 728 S. Broad Street and 2401 Walnut Street in Philadelphia.   Article from: Businesswire.com 

 

The tax advantages of owning a home stick around all year long. As a refresher, here are seven of the most popular:   Mortgage interest deduction: Couples filing jointly can deduct the interest they pay on up to $750,000 of mortgage debt ($375,000 if married filing separately). Real estate taxes: You can deduct state and local property taxes up to $10,000 per year  ($5,000 if married filing separately). Mortgage points: If you pay discount points when you take out your mortgage, you can deduct those, too! Tax-deductible mortgage insurance: The IRS counts private mortgage insurance, VA loan funding fees, USDA loan guarantee fees, and FHA loan up-front mortgage insurance premiums as tax-deductible. There is always a chance this deduction may expire, so check the tax rules before counting on these savings. Medically necessary home improvements: You can deduct medically necessary home improvements that help you, your spouse, or dependents who live with you. Examples include expanding doorways, installing ramps or lifts, lowering cabinets, and adding railings. Moving expenses: Moving expenses are tax-deductible but only if you’re an armed forces member and moving because of a change of station. Capital gains: The capital gains tax exclusion says you don’t have to pay taxes on the first $250,000 of profit from selling your home if you’re single or $500,000 if you’re married so long as you’ve lived in your home two of the last five years.   There are more tax breaks for where these came from, so it’s always best to work with a tax professional at tax time if you own a home.  Reminder!! If you closed on your home in 2022, there may be tax-deductible expenses and other valuable information to your tax preparer. ****Reach out if you need a copy of your closing disclosure Live in NJ? Check this out!  The ANCHOR Application deadline is Jan 31, 2023. What is the ANCHOR program? Glad you asked!  This program provides property tax relief to New Jersey residents who owned or rented their principal residence (main home) on October 1, 2019, and met the income limits.   ANCHOR eligibility is as follows: Homeowners with income of $150,000 or less will receive $1,500. Homeowners with income of more than $150,000 and up to $250,000 will receive $1,000. Renters with income of $150,000 or less will receive $450. Let me know if I can help with any real estate needs! I hope you are having a great new year so far!