Property Tax Exemptions

Property Tax Exemptions

The Property Tax Exemption Deadline in Indiana is Approaching! Are You Entitled to a Property Tax Exemption? If you purchased a house, changed the deed, or refinanced on your mortgage, you should make sure the correct exemptions are filed on your home. 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.  Below is a summary of common exemptions along with contact information for each county below. Homestead Deduction – If you own a home or are buying on a recorded contract, and use it as your primary place of residence, your home could qualify for a homeowner’s deduction. A taxpayer cannot receive the Homestead Deduction in multiple states as the homestead is considered the “principle place of residence”. The deduction is either 60% of your assessed valuation or a maximum of $45,000. Mortgage Deduction – If you are buying property on a recorded mortgage or a recorded contract, and you are a resident of the State of Indiana, you could qualify for a mortgage deduction. The value of the deduction may not exceed the amount of the indebtedness. The deduction is either one half of your assessed valuation or $3,000, whichever is less. A person owning more than one property may not receive mortgage deductions totaling more than $3,000. There are several other property tax exemptions that may be available to you as well which you may want to inquire about. Please find your county below and file your homestead...
#1 Reason To List Your House In Winter

#1 Reason To List Your House In Winter

There’s a myth many home sellers believe, and that is you should wait until Spring to put your home on the market. In fact, you should do the opposite and list in the Winter. Selling in the Winter have a greater advantage in terms of the type of buyers they attract, marketing and more. Here are the top 10 reasons that debunk the myth to wait to list for warmer weather and why Winter is the time to sell in Lafayette Indiana! The #1 reason to list your house in the winter: Less competition. Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. As you can see, the ‘sweet spot’ to list your house for the most exposure naturally occurs in the late fall and winter months (November – January). Here are the other 9 reasons to list your home in winter…. 2. Corporate transfers. Statistically, January & February are the highest months of the year for corporate employees transferring and relocating. This makes listing during the Winter months and opportune time. 3. Non-contingent buyer. If you’re looking to buy, then you’d want to be able to sell now because by the time Spring arrives you have the opportunity to be a non-contingent buyer. Which means that if you find the home you love, you’ve already sold your current home and you won’t have to wait until you find a Spring Buyer. In addition, because more homes are for sale during the Spring, this could drive down market prices meaning you have the ability to sell high and buy low. 4. Low interest rates. Interest rates...
Preparing For A Showing

Preparing For A Showing

If you really want to sell your Lafayette Indiana home fast, you should be ready for anything. There will be times when showings will happen at a moment’s notice. So, make sure to use the below advice and maintain your home in its staged appearance at all times. Apart from preparing your house for the open houses and showings by de-cluttering, cleaning, and ​home staging, there are various last-minute things you can do to make your property stand out from the rest. Here are 20 of The Romanski Group’s top recommendations that include getting rid of clutter, hiding family photos, cleaning out closets, removing excess or oversized furniture, and cleaning…. Clean, clean, clean. Dust on top of the fireplace mantle and fan blades, polish your appliances and faucets, and give the windows a thorough washing. Make all beds and have towels hung nicely in all bathrooms. If you’ve already moved out or if you’re too busy to stay on top of things, consider hiring a cleaning service.Pay attention to smells. Be cautious of what you are cooking in your home the day prior to a showing. Smells linger for a long time and can prevent a potential buyer from wanting to stay in your home. Clear out the clutter. You want buyers to focus on how awesome your space is, not how messy it looks. Banish that piles of shoes from the entry, get rid of nearly everything on kitchen and bathroom counters; that stack of mail from the kitchen table and anything else that detracts from your home’s features.Repaint the walls neutral colors. As much as you love your dramatic purple dining...
412 E. Jackson St., Flora

412 E. Jackson St., Flora

Welcome to 412 E. Jackson St., Flora This spacious one story home with nearly 1,400 square feet is located in the charming town of Flora. Inside you will find three bedrooms, a spacious kitchen/dining space, a large family room and new carpeting throughout. The patio out back is perfect for grilling out with family and friends. Beyond the patio you’ll find a sizable yard that offers plenty of space for outdoor activities or pets, and an 8×10 storage shed. This home is nestled on a beautiful corner lot (0.15 acre) just blocks away from the local YMCA, Carroll County 4-H Grounds, Flora Community Park, and Carroll County Community Center. Flora Community Park is equipped with tennis courts, baseball and softball diamonds, a basketball court, soccer field, fenced-in “kid friendly” playground, a .9 mile walking track, horseshoe pits, several shelters for hosting events and parties, and more! The park is also home to several youth summer sports leagues and other group activities for the entire family to enjoy. What a great way to meet your neighbors and get involved with other members of the Flora community! All of this and more within walking distance of 412. E. Jackson St.! Contact The Romanski Group for more information (765) 293.9300 or click below: For up-to-date information on YOUR Indiana area neighborhood or a FREE Seller Consultation – call The Romanski Group at (765) 293.9100.  Using an experienced team is the way to get your home ‪SOLD‬! You deserve the BEST Realtor in the Lafayette Indiana area! Learn more about our Guaranteed Home Sale...
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? If you purchased a house, changed the deed, or refinanced on your mortgage, you should make sure the correct exemptions are filed on your home. 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.  Below is a summary of common exemptions along with contact information for each county below. Please find your county below and file your homestead and mortgage exemptions or verify and get proof in writing that they have both been filed. Homestead Deduction – If you own a home or are buying on a recorded contract, and use it as your primary place of residence, your home could qualify for a homeowner’s deduction. A taxpayer cannot receive the Homestead Deduction in multiple states as the homestead is considered the “principle place of residence”. The deduction is either 60% of your assessed valuation or a maximum of $45,000. Mortgage Deduction – If you are buying property on a recorded mortgage or a recorded contract, and you are a resident of the State of Indiana, you could qualify for a mortgage deduction. The value of the deduction may not exceed the amount of the indebtedness. The deduction is either one half of your assessed valuation or $3,000, whichever is less. A person owning more than one property may not receive mortgage deductions totaling more than $3,000. There are several other property tax...
Fast and Financially Rewarding Sale

Fast and Financially Rewarding Sale

Preparing Your Home for a Fast and Rewarding Sale If you are considering selling your Lafayette area home…it’s time to get prepared and roll out the welcome mat.  This is an exciting decision in most situations.  Whether your family is ready to “move on” or “move up”, there are a number of things you can do prior to putting your home on the market that will improve your selling experience and give buyers a view of your home they will value more.  Consider these simple suggestions to help you sell quicker and for a financially rewarding sale. 1. Tidy up and Depersonalize We all get comfortable in our own homes and collect a lot of things.  Before rushing to put your home on the market, put on your “buyer’s hat” and think about what people will see when they look at your home. Buyers considering your property are likely viewing your home along with several other properties.  It is somewhat like a dating process. Think of all the things that made you fall in love with your home when you bought it, and try to reproduce that feeling for a buyer.  Allow a buyer to imagine themselves in your home by depersonalizing and removing excess family photos and decorations.  Clutter is your worst enemy.  Pack up and store extra clothes in your closets, off season coats, extra blankets and shoes, etc.  You might as well go ahead and pack up all of your special keepsakes, china, extra household items – anything that you don’t need on a day to day basis. 2. Minor Upgrades Can Make a Huge Difference The age...