Just Sold in Lafayette

Just Sold in Lafayette

Congratulations to all of our clients that SOLD their home and to all of our happy new homebuyers that closed this past week!!!  We don’t just list homes, we sell them!  If you are considering selling and want RESULTS contact The Romanski Group! For more questions or for a specific update on YOUR neighborhood in the Lafayette, Indiana area – call The Romanski Group at (765) 404.5095 for a FREE Seller Consultation.  Using an experienced team is the way to go to get your home ‪SOLD‬!  Don’t you deserve the BEST Realtor in the Lafayette Indiana area?! Search Homes For Sale in Lafayette Indiana...
Property Tax Exemption Deadline

Property Tax Exemption Deadline

The Property Tax Exemption Deadline in Indiana is Approaching! Are You Entitled to a Property Tax Exemption? Did you buy a home or refinance your mortgage this year?  If so, The Romanski Group of Keller Williams Realty wants to remind you to file your property tax exemptions by the end of the year!  If exemptions aren’t filed or confirmed by December 31 your taxes could go up substantially.  There are two main property tax exemptions that most homeowners may qualify for:  Homestead & Mortgage.  There are several other property tax exemptions that may be available to you as well. 1 – Homestead Exemption The homestead exemption simply means you are living in the home as your primary residence and it is not a rental house, vacation house, etc.  This is by far the most valuable deduction and can save you up to 50% on your property tax bill.  The homestead deduction is now filed for you in most counties at closing through the sales disclosure, but this is a great time to verify that it is indeed recorded. 2 – Mortgage Exemption The second common deduction is the mortgage exemption.  This deduction is available to homeowners who have a mortgage attached to their property.   Nobody likes paying a dime extra in taxes. Yet when it comes to property tax bills, some homeowners pay too much simply because they aren’t aware they qualify for an exemption.  Deductions are not given automatically, you must apply for them in the Auditor’s office. Tippecanoe County Auditor: (765) 423-9207 White County Auditor: (574) 583-5761 Carroll County Auditor: (765) 564-3172 Clinton County Auditor: (765) 659-6330 Howard...
Selling in Winter Can Pay Off Big!

Selling in Winter Can Pay Off Big!

While the thought of selling your home during the winter months may dampen your holiday spirit, the season does have its advantages: winter buyers tend to be more serious and competition is less fierce with fewer homes being actively marketed.  If you are debating listing your home for sale within the next 6 months, keep in mind that the spring is when most other homeowners will decide to list their homes as well and listing your home this winter will ensure that you have the best exposure. Here are the reasons to sell your Lafayette Indiana home this winter… 1. Demand Due To Low Housing Supply Sales of existing homes rose 2%, to 5.6 million seasonally adjusted annual units in October – the fastest pace since February 2007. This was the second straight monthly gain and the sixth in the past eight months.  The National Association of Realtor’s recently reported that the inventory of existing homes for sale dropped dramatically from a 5.1-month supply in November to the lowest figure since January 2005, at a 3.9-month supply.  That means it would take just under 4 months for all available inventory to sell.  A normal market is considered to have a 6-7 month supply of inventory to be considered balanced.  We have seen and experienced in Tippecanoe County that a shortage of inventory tends to keep home prices strong and has resulted in multiple offers and bidding wars.  Tight inventory is a main reason the ball is still in the sellers’ court. 2.  Anticipated Rise in Mortgage Interest Rates: Anticipated continued rise in interest rates: While mortgage rates remain low, experts predict...
Act Fast – Mortgage Rates Keep Rising!

Act Fast – Mortgage Rates Keep Rising!

Mortgage rates keep rising, hitting highest mark of 2016 Despite recent increases, mortgage rates remain historically low.  Mortgage rates went up for the ninth time in 10 weeks.  Since the election, mortgage rates have climbed roughly half a percentage point to a 16-month high, adding hundreds, sometimes thousands, of dollars to a home buyer’s yearly payments.  The average conventional 30-year fixed rate mortgage started December at 4.08%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).  The 15-year mortgage averaged at 3.34% If you are thinking about a move, do it NOW, as rates are climbing!  Mortgage rates change quickly with the economy, and with shifts in market sentiment.  Keep more of your money for the fun things in life — not paying interest. Let’s get you moved before rates are over 5%.  Find out how much home you can afford.  Get Pre-Approved for a Mortgage with Eric Cox of Ruoff Mortgage Now Search Homes For Sale in Lafayette Indiana now: For more questions or for a specific update on YOUR neighborhood – call The Romanski Group at (765) 404.5095 for a FREE Seller Consultation.  We use a systematic approach to determine the most accurate market value. Using an experienced team is the way to go to get your home ‪SOLD‬!  Don’t you deserve the BEST Realtor in the Lafayette Indiana area?!...