Real Estate Information

The Clear Capital Report sees home prices rise across the country when analyzing quarterly results.  The report sees home value gains in all regions of the country, averaging out to 5%, with the Midwest gaining the most at 11.2%.  The real estate improvements are linked with summer being a buying season, increased investment opportunity and the previous large drop in home values. The second quarter of 2009 followed a period of extremely low real estate activity, couple that with tax incentives, low mortgage rates and reduced home values, and the evidence of a true buyer’s market became omnipresent.  Acquiring a mortgage is probably still the most difficult part of the home buying process but money is strating to loosen.  Increased sales volume indicates an improvement in the real estate sector, a welcome sign for a beleaguered economy. For a complete look at the Clear Capital report click here.

There is no doubt that the first time home buyer tax credit is a great thing but there are a few things to know before you assume that you qualify for the full $8,000.  The tax credit breaks down as follows:
Who qualifies? First time home buyers and people (or spouses) who have not owned a home for the previous 3 years.  You must purchase your home between January 1, 2009 and December 1, 2009.

• What qualifies for the first time home buyer’s tax credit? Only a primary house qualifies.  It does not matter if it is a single family home, duplex, townhome, condo, apartment or co-op, if it is a primary residence it will apply.

• What is the amount of the first time home buyer’s tax credit? $8,000 is the maximum amount of the credit.  There are 2 factors at play when it comes to getting the credit: The cost of the home and the income of the person or married couple purchasing the home.  The credit can be 10% of the closing price up to $8,000 or a person making $75,000 or less or a married couple making $150,000 or less are eligible for the full $8,000.

• Do you qualify for the first time home buyer’s tax credit if your income is higher? Yes and no.  If you make more than the $75,000/$150,000 limit you get less of a credit.  The maximum income is $95,000 for singles or $170,000 for couples.  If you make more than the maximum income you are not eligible for the tax credit.

The tax credit is a real boon for first time home buyers and does not have to be repaid.  If you qualify for the tax credit and have been considering purchasing a new home there could not be a better time.  Low interest rates, low home values and the first time home buyer tax credit all add up to the right time to call an experienced local Realtor.

Resource and for more information: Realtor.org

Convenient to Crawfordsville, Lebanon, & Indianapolis!

 

Wonderful, newer home with almost 2000 square feet - PLUS a FULL basement -  featuring 4 bedrooms, 2 ½ baths, and plenty of storage.  All appliances, including washer/dryer.  Entertain in the formal dining room or living room … or maybe you’d like to grab a quick snack in the breakfast nook & cozy up next to the handsome fireplace in the family room!

 

Enjoy the outdoor view from the comfort of the sunroom, or relax out on the stone patio closer to nature.  Great 1.58 acre country lot with beautiful landscaping, a shed to store your mower & gardening tools, FENCED w/dog run & plenty of trees already planted!  Play equipment & basketball goal.

 

So much potential in this school district is hard to find.

 

     

As we are all too aware, obtaining a mortgage today is much harder than it was just last year. One new concept that is becoming more and more popular is ‘Seller Financing.’

The ‘Seller Financing’ concept can give home sellers an edge over competition as it fully eliminates that large obstacle so many buyers face today, and in turn will help augment your number of potential buyers.

Another benefit to consider with Seller Financing is the steady income you will receive from the mortgage payments.  Right now with all of the market volatility that we are experiencing, this could be your one steady interest earner - in some cases up to 7% or more!

This is a guaranteed return.  If you don’t need the proceeds from the sale of your home immediately, seller financing can be a great investment.  You might also consider partial seller financing. Most buyers will have a cap on their loan allowance, and as the seller you can consider financing the rest at a higher interest rate than normal. Keep in mind that as the seller you would not have to hold on to this mortgage forever, as it can be sold on a secondary market. If you’re worried about buyer default on the loan, you can fall back on reclaiming the home through a legal foreclosure process.

For more information on seller financing go to Financial Web. http://www.finweb.com/mortgage-loan-education/seller-financing.html

East side of Lafayette - close to interstate, shopping, and new hospital!

 

Stunning ranch home featuring over 3000 SF, 4 Bedrooms, 2 ½ baths, breakfast nook w/bay window, formal dining room, spacious living room w/bow window, Family Room w/ fireplace, custom hickory kitchen cabinets, and a 12 x 22 Sunroom with new Berber carpet.

 

Other areas of interest include: ceramic tiled foyer, natural woodwork, Pella windows, new water heater, solid 6-panel wood doors throughout, cable, and kitchen has optional electric/gas for stove.  The full masonry fireplace in Family Room offers a Buck Stove insert for complete home heating if desired. 

 

Almost 1800sf basement offers additional 900sf finished living area with new Berber carpet, excellent lighting, and raised ceiling.  Another 900sf is a wonderful shop area with convenient electric outlets, lighting, and cabinets.

 

The front yard has beautiful landscaping.  The backyard features a large 18 x 36 inground swimming pool with new liner, new Jacuzzi pump, and sparkling water!  The setting is very private due to the lot having a deep ravine in back.  The back yard is nicely landscaped with many perennials, extra sitting areas around the pool, and a small waterfall.  Backyard is also fenced in for your safety and others.  The roof is all new with designer shingles.

 

This exceptional home truly has a lot to offer with it’s many amenities - perfectly designed for entertaining and daily activities.  Call today for your private showing!

       

Cute and intimate home is waiting for you.  Located on a cul-de-sac this 3 bedroom 2 full bath home offers a quiet setting.  The master bedroom has a walk-in closet and master bath.  A sliding glass door in the living room opens onto a patio where you can enjoy the summer evenings.        

Craftsman’s design. Gorgeous model home constructed in a Craftsmen’s design has an abundance of room, great for formal and informal entertaining. Located on a quiet cul-de-sac, this home has a lot to offer to your family.  A front porch perfect for flowers and a beautiful front door with exquisite stain glass to your welcome guest.  The living/dinning room is ideal for family dinners.  Cozy up to the fireplace in the spacious family room, which is open to the kitchen.  Wooden floors, fine cabinetry and a ceramic tile back splash give a feeling of intimacy to the kitchen.  While you entertain, the kids can head off to the second floor game room.  Retreat upstairs to the master bedroom with a large walk in closet and bathroom which boasts a soaking garden tub, double vanity sinks and separate shower.  Also, on the second floor are 3 adequate size bedrooms and a full bath with double sinks.  This West Lafayette home is a must see for its additional characteristics.

 

 

     

WAIT until you see this home! Move in ready, freshly painted in neutrals, newer two story home in Benjamin Crossing. Perfect for families, this home has 3 bedrooms and 2 ½ baths.

 

All appliances including microwave, washer & dryer are ready to use as your family settles in. A first floor laundry makes life a little simpler. And you’ll love retreating to your huge master suite with a walk in closet. This home, at this price is a deal you shouldn’t pass up!

 

     

Great location, on the south side of Lafayette convenient to schools and shopping.  This well kept 2-story home with 2475 sq. ft. of living is ready for a family wishing for lots of breathing room.  There is a large living room with a fire palace and built in book shelves.  This home offers beautiful kitchen cabinetry with abundance of storage space and a breakfast nook, along with a formal dinning room that has a recessed ceiling.  A second level game or play room is a great option to keep small toys and games isolated from the first floor.  Mom and dad can get away from it all in their master suite that has a walk in closest and relax in a soaking garden tub in the master bath. With neutral paint and carpet this 3 bed room and 21/2 bath room home is all set for you. 

 

 

     

Come be apart of the Hickory Ridge subdivision.  A one story ranch home that is near shopping and Wea Ridge elementary and middle schools, is move in ready.  This 3 bedroom and 2 full bathroom has appealing qualities. A cute cottage style kitchen is to die for, white cabinetry, an island great for extra storage, pantry, and a built-in desk.  Retreat to the master bedroom with walk in closet and a bath that has a lovely garden tub to relax in. The front porch is inviting, perfect to hang flowers on and a back porch just right for grilling.