Home Closing Checklist for Sellers

Home Closing Checklist for Sellers

When you finalize with a buyer on your home or vacate it to move, you’ll need to ensure you have completed everything you are supposed to—from negotiated terms to good seller etiquette. There are certain things that every responsible seller should do, and you can make sure you accomplish them all if you make a home-selling checklist. You may already have gathered all of the paperwork you need for closing day, but there are a few other tasks to handle before you get to the closing table. Secure Your Documents Retain all seller disclosures as well as the purchase contract and the closing statement. Ideally, your escrow officer or closing agent will hand you a complete package containing all these things at closing.Sometimes these documents get scattered. Do your best to keep them in one location, as you might need them again in case something happens. Clean the Entire House If you don’t have time to personally clean the home before leaving it, hire a professional cleaning service to do so. What makes a house clean enough is often a matter of opinion and personal preference. It’s not always necessary to shampoo the carpets, but it’s a nice touch. Clean the cabinets, refrigerators, and other appliances inside and out. Be sure to check inside drawers and cabinets. It doesn’t hurt to make your last impression on the buyer a good one with little touches like polishing sink fixtures. Leave your home the way you would like to find it if you were the buyer.  Turn Off All Switches Turn off all switches for lights and fans. Leave a note for the buyers with...
7 Resolutions For Your Home In the New Year

7 Resolutions For Your Home In the New Year

R E S O L U T I O N S You might have vowed to quit smoking, lose some weight, travel new places or spend some more time with your family. But what about your home – the place where you’ll spend most of your year? Below we present to you seven resolutions for your home this year, in the perfect spirit of new beginnings. They say home is where your heart is but a lovelier, better organized, and more comfortable place to live will surely work wonders. As we count down to 2020, we will share our favorite resolutions for your home. 1. Declutter your homeWhen your house is untidy and in chaos, it makes you feel overwhelmed, stressed, and frustrated. Your environment affects how you feel, therefore, tidying up and organizing your house may change the way you experience life. It’s easy to let this task be left undone, but if you’re intentional and schedule this as an appointment (even 20 minutes per day), you will feel more organized soon. Creating extra space for storage is another way to keep your home organized. With added space, you can store your possessions easily without your room looking untidy. So this year, how about making use of your imagination at creating a little more space in the most unimaginable places? If you still feel overwhelmed, we recommend you contact Angie King Oswalt with House Ready By Maplewood Designs, LLC and she will organize, declutter, take stuff to donate, etc for you! 2. Make Your House Safe and Sound Your home may look wonderful and it’s properly organized also. How about putting some efforts into making it safe as well?...
2020 Housing Forecast and Why You Should Sell Now

2020 Housing Forecast and Why You Should Sell Now

3D rendering of modern kitchen in a loft. While the thought of selling your Lafayette Indiana 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 and what’s predicted for the housing market in 2020… 1. Demand Due To Low Housing Supply Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move. Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. That is all changing now as more homes come to market at the higher end. The...
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...
5 Ways To Increase Your Equity

5 Ways To Increase Your Equity

A home purchase brings together so many things under one roof: dreams, shelter, status, maybe a passport to better schools and neighborhoods. And one more thing: It gives you a forced savings account. It does that by letting you build home equity, which is the difference between your home’s market value and what you owe on it. Your equity increases with each house payment you make. When home prices rise, your equity grows faster as your home’s value increases. Here are some ways to increase your home equity… 1. Pay more on your mortgage Paying more can be a good option. If you decide to do this, make sure the extra money is applied to your mortgage principal. Ask your mortgage servicer (you can find the phone number on your monthly statement) how to do it and watch your monthly statements to be sure the money is credited correctly. Here are a few ways to pay more regularly: • Add an extra sum to your monthly payment. Pick an amount big enough to make a difference but not so big that it crimps your budget. For example, if your payment is $983, round up to $1,100, and then increase the amount when you’re able.• Another version of adding to your monthly payment: Boost the payment by an amount equal to a twelfth of a payment. By the year’s end, you’ll have made an extra payment.• Switch to biweekly mortgage payments. Paying every two weeks instead of monthly adds one extra monthly payment to your mortgage annually.• Schedule extra payments automatically from your bank to your mortgage account at regular intervals The...
#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...