keller williams realty lafayette: Is that house really sold?
- 05/26/08 11:42 PM
There's nothing quite as heart-breaking as losing a house you love. But a sold sign doesn't necessarily mean it's over. If you drive by a property with a sold sign in the yard - and you want to know more about it - call me and let me find out the story. Many times, these homes are accepting back-up offers or the home may be back on the market soon depending on the buyers financing, inspections, etc. If a property is accepting back-up offers, a seller can negotiate an offer with you still that is considered to be in second place. Should … (0 comments)
keller williams realty lafayette: Buyers Market or Sellers Market
- 05/26/08 11:27 PM
You have probably heard it before. "We are in a buyer's market" or "we are in a seller's market." The answer can be different; depending on what state, city and even neighborhood you live in. Here are some simple guidelines we use when discussing different types of real estate markets. Markets are localized and can be different in each neighborhood. A buyer's market happens when you see a shift to more homes available for sale, thus the buyers have more options to consider. This can lead to longer times on the market for sellers and possibly lower prices. A seller's market … (0 comments)
keller williams realty lafayette: Investing In Real Estate
- 05/26/08 11:21 PM
Have you considered the idea of purchasing real estate as an investment. With the market the way it is currently, investing in real estate can be a solid way for you to build equity in both the short and long term. There are many factors to be considered, such as location, rate of return on investment, current market conditions, economic forecast, etc. That said, please bear in mind that my comprehensive buyer services will help you through each stage of the real estate investment process. In any event, please keep this in mind as a possibility. If you would like to … (0 comments)
keller williams realty lafayette: Has Your Home Expired From the Market?
- 05/26/08 11:13 PM
I analyze expired listings almost every night. It helps me keep up to date. I finished a little early last night because not as many homes are expiring lately. So I decided to look over some of the older expired listings. Usually I can tell right away why a property didn't sell, but sometimes the reason isn't so obvious. In many cases I have often found that a simple oversight may have prevented the sale such as incorrect listing data, not enough photos on the MLS, etc. And contrary to popular belief it isn't always the price. At this point what needs to … (0 comments)
keller williams realty lafayette: FSBO - Questions to Ask Yourself
- 05/26/08 11:01 PM
The Internet is a tremendous resource for selling your home. But have you maximized all its capabilities? Ask yourself these questions before you offer your home "For Sale By Owner": · Have I established the right asking price?· Am I strategically marketing my property?· Should my property be listed on the MLS?· Should I hire an attorney to handle all of the paperwork?· Do I have the time to manage everything? To receive a FREE copy of my home seller guide, call me at 765-532-6148 or visit my website www.RomanskiGroup.com. My experience, as well as my professional networks and other advertising tools, allow … (0 comments)
keller williams realty lafayette: Taming The Jumbo Mortgage
- 05/26/08 10:36 PM
Everyone knows the jumbo loan market has been out of whack for nearly 18 months. "jumbo" loans, those amounting to more than $417,000, took it on the chin when mortgage investors stopped buying subprime and alternative loans. For that reason, jumbo rates can be as much as 1.50 percent higher than conforming rates. Historically, jumbo rates were only about a quarter of a percent higher than a conforming rate, but this new spread has kept many out of the housing market: especially those that I call, "just jumbo." So what exactly is "just jumbo?" It's a loan amount that just exceeds … (0 comments)
This data tells me that Active Listing home prices are starting too high when initially going on the market due to the number of average days on the market. Sold Listings days on the market are nearly 1/2 of active listings - they may be selling quicker if priced better in the beginning. After a listing has been on the market for appx. 30 days the activity generally declines significantly. Call The Romanski Group if you would like to discuss selling your home and the current market … (0 comments)
keller williams realty lafayette: Short Sales k- What Are They?
- 05/22/08 11:51 AM
Short Sales - What Does That Mean? A short sale means the bank agrees to accept less than what is owed on a property to avoid the costly and lengthy process of foreclosure. Usually this means the owner has stopped making payments and doesn't have adequate income or assets to sustain the property. What does that mean for buyers? Short sales do require patience and may take longer to close but the end result can mean you get a property well below the appraised value! All contracts written will be subject to final lender approval. What does that mean for sellers? … (0 comments)
keller williams realty lafayette: Keller Williams Offices shine on Industry Surveys
- 05/21/08 10:49 PM
RISMedia Power Broker Report and Survey Every year, RISMedia and REAL Trends release two of the real estate's most comprehensive surveys: the RISMedia Power Broker Report and the REAL Trends 500. Both surveys rank the largest residential real estate brokerages in the U.S. based on both transaction sides and sales-dollar volume, and these reports are frequently used as referral tools and are referenced by thousands. This year, Keller Williams stormed onto the lists with a very strong showing. KW offices dominated the Power Broker Report - with more offices listed in their top 700 list than any other franchise brand. … (0 comments)
keller williams realty lafayette: What Interest Rates Really Mean?
- 05/12/08 09:46 PM
The Fed did this! The Fed did that! Rates are up! Rates are down! Aaaagggh! Okay, now exhale. In turbulent economic times the media can't wait to report what interest rates are doing. Pundits prognosticate, forecasters forecast and soothsayers sooth. When should you buy a home based upon interest rates and when is it the right time? … (0 comments)
keller williams realty lafayette: Lafayette Indiana and West Lafayette Indiana School Information
- 03/13/08 09:13 AM
Tippecanoe County (Lafayette and West Lafayette Indiana) School Corporations: A student living in Tippecanoe County may be enrolled in one of 4 school corporations. The Lafayette School Corporation, Tippecanoe School Corporation, West Lafayette Community School Corporation, or the Private Schools. The largest corporation is Tippecanoe with appx. 10,000 students enrolled in its 9 elementary schools, 6 middle schools and 2 high schools. The Lafayette School Corporation, with 11 elementary schools, 2 middle schools, and 1 high school enrolls appx. 7,200 students followed by West Lafayette with nealry 2,000 students in its 2 elementary schools, 1 junior high and 1 high school. Lafayette Catholic … (0 comments)
keller williams realty lafayette: Lafayette Indiana Demographics and Community Information
- 03/13/08 09:11 AM
Location & Demographics for Tippecanoe County (Lafayette and West Lafayette Indiana) Population:Lafayette 56, 397West Lafayette 28, 778Tippecanoe County 148,955Purdue University 38, 564Area:Lafayette 11.43 Sq. MilesWest Lafayette 4.7 Sq. MilesTippecanoe Co. 504 Sq. MilesClimate:Mean Annual Temperature 50.0 degrees FJanuary Normal Daily Minimum 14.4 degrees FJanuary Normal Daily Maximum 31.5 degrees FJuly Normal Daily Minimum 62.0 degrees FJuly Normal Daily Maximum 84.5 degrees FRecord Low: January 7, 1887 -33.0 degrees FRecord High: July 14, 1936 111.0 degrees FAnnual Average Hours of Sunshine 2,056Annual Average Snowfall. 22.3"Prevailing Wind Direction SouthwestLocation: 63 Miles Northwest of Indianapolis, 125 Miles Southeast of Chicago. Courtesy of the Lafayette … (0 comments)
keller williams realty lafayette: Lafayette Indiana Real Estate Market Update - New FHA Loan Limits!
- 03/13/08 09:08 AM
Great News Great Lafayette... As of 3-6-08 the new loan limits for FHA and Fannie Mae and Freddie Mac are now calculated at 125 percent of the HUD published median prices, with a base of $271,050 and $417,000, respectively, not to exceed $729,750. We hope that there will be a huge impact to the housing market by increasing these loan limit amounts. We also hope to see lower interest rates as a result. This change brings more affordability to many more prospective homeowners that can now quality for higher FHA amounts and avoid expensive jumbo mortgages. The National Association of Realtors did research and … (0 comments)
Current information about the real estate market, homes for sale, market statistics including sold data, community information and news for Lafayette Indiana and West Lafayette Indiana and surrounding communities!
There's nothing quite as heart-breaking as losing a house you love. But a sold sign doesn't necessarily mean it's over.
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