‘Black Friday’ of Homebuying

‘Black Friday’ of Homebuying

“Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of discounted must-have items to purchase. But what about buying a home? Is there a ‘Black Friday’ for the home-buying process? Believe it or not, there is. According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. After evaluating housing data in 53 metros from 2016 to 2018, realtor.com determined that the first week of fall is when buyers “tend to find less competition, more inventory, and the biggest reductions on list price.” The report explains, “During the first week of fall, buyers tend to face 26% less competition from other buyers, and they are likely to see 6.1% more homes available on the market compared to other weeks of the year…nearly 6% of homes on the market will also see price reductions, averaging 2.4% less than their peak.” What’s so different about the first week of fall? George Ratiu, Senior Economist with realtor.com says, “As summer winds down and kids return to school, many families hit pause on their home search and wait until the next season to start again…as seasonal inventory builds up and restores itself to more buyer-friendly levels, fall buyers will be in a better position to take advantage of today’s low mortgage rates and increased purchasing power.” Learn more about how prices, listings, and buyer competition stack up during the first week of fall in your metro area. Bottom Line If you...
Under Contract in a Matter of Days!

Under Contract in a Matter of Days!

Under Contract in a Matter of Days    When the market is hot & the home is priced right, there’s no telling how quickly it will sell!   Inventory is low, the market is on fire, therefore, it’s time to sell! We are definitely experiencing a seller’s market right now, especially in Lafayette/West Lafayette, and surrounding areas. Open houses have been busy and bustling from the moment the door unlocks and some of the homes listed below have had multiple offers with buyers willing to pay list price or MORE! BUYERS First of all, we are in the season of “bring your highest and best” so use a real estate agent who has YOUR best interests at heart. Furthermore, they should know the market, and understand the value of the home you are shopping for. – Bring your highest & best offer when given the opportunity. – Don’t get upset if you don’t get the first house you submit an offer on. – Get pre-approved & know EXACTLY how much you’re willing to spend. – Visit homes the DAY they hit the market so you don’t miss out. – Be patient with the process & your agent. SELLERS Looking to sell or even considering it? Make sure you talk to someone who knows the market, takes on new listings weekly, and knows how to price homes to sell. – Hire an agent who not only knows the value of your home AND homes in your area. – Since photos are so important, decluttered before the shoot. – Neutral colors help potential buyers see THEIR furniture in your home. As a result, you should probably paint that neon pink wall....
1-2+ Acre Lots Available in Bolivar Bluff, Bringhurst

1-2+ Acre Lots Available in Bolivar Bluff, Bringhurst

Break Ground in Bolivar Bluff! With 4 lots to choose from and many build options you are bound to find the property and look you desire in this tight-knit community located in Carroll County! This is a beautiful rural neighborhood with executive style homes on a hillside setting. Enjoy the community’s private stocked pond or walk a short distance to the historic Adams Mill, covered bridge, canoe launch or recreational area on the Wildcat Creek. Lot 1: 1.03 acres – Corner lot Lot 29: 2.14 acres – Corner Lot Lot 30: 1.98 acres – Cul-de-sac lot Lot 31: 1.33 acres – Corner Lot Bolivar Bluff is located about half way between Lafayette and Kokomo, roughly 25 miles in either direction. You will never be too far from large shopping centers and retails stores, while still able to enjoy the privacy and acreage that comes with rural living! Association By-Laws, Building Restrictions, and Plat Map available upon request. 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...
3 Reasons To Sell in 2017!

3 Reasons To Sell in 2017!

Get Moving!  Real estate experts predict that 2017 is set to be the year of the home seller.   HERE ARE 3 REASONS TO SELL NOW: 1.  Low Supply | High Demand Lower inventory and greater demand have pushed up home prices.  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. The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country.  These buyers are ready, willing and able to purchase… and are in the market right now!  Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market soon. Let’s Take a Closer Look at What’s Happening in Tippecanoe County: ONLY 321 residential homes on the market for sale (down from 478 at this time in 2016) 162 homes pending awaiting closing (down from 190 at this time in 2016) (per IRMLS Residential – January 2017)   2.  Anticipated Rise in Interest Rates: Mortgage rates have been rising since mid-October to around 4%.  Interest rates are projected to increase moderately over the next 12 months nearing 5%.  Even a small increase in rate will have a big impact on your housing cost.  While mortgage rates remain low, experts predict more buyers will enter the market in the coming months due to anticipated rising interest rates.  This could prompt buyers to start their house hunt...
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...
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...