romanski group: Buyer Closing Costs
- 12/29/07 06:32 AM
Who pays which closing cost varies in all localities and is open for negotiation between the buyer and seller. It is possible to have a sales agreement in which either the buyer or seller pays all the closing costs. Or, to lower your costs, you may have the seller agree to pay just certain fees. These special terms must be specified in the sales contract. Every loan has costs associated with it to close the loan. These fees insure that when the loan is closed all diligence has been taken to insure that there are no clouds on the title to the … (0 comments)
romanski group: Homework for New Homebuyers
- 12/29/07 06:26 AM
Loan Application-If you are not pre-approved, you will need to fill out the paperwork required by your lender to begin the loan application process within a certain period of days, as written in the purchase agreement. This begins the chain of events that goes from application to credit report to appraisal to loan approval. Whole House Inspection - You will need to schedule your whole house inspection within a certain number of days (as per the purchase agreement). The inspector will meet you at the property and complete a thorough inspection of all components of the home. Homeowners Insurance-Once you have loan approval … (0 comments)
romanski group: Home Purchase and Inspections
- 12/29/07 06:24 AM
We strongly advise all the buyers we work with to obtain a Whole House Inspection and Pest Inspection. This will familiarize you with the property. Cottage or castle, old or new, you should have a home inspection. The bank, prior to closing may require other inspections such as a well/septic inspection (if applicable) that will be at your expense.
MAJOR problems are found with the whole house inspection (those that are safety or health concerns or items noted that can have an adverse affect on the property) can be addressed in an addendum to the purchase agreement within 6 days of … (0 comments)
romanski group: Earnest Money
- 12/29/07 06:21 AM
At the time a written offer on a property is initiated, you will be required to include a personal check, cashier's check or cash. The amount is usually for 1% of the purchase price that is written to show that the buyer is "in earnest" about the desire to purchase the property. This money, UPON ACCEPTANCE OF THE OFFER IS CASHED within 2 banking days of the acceptance date and deposited into the listing broker's trust account to be held until closing. This money represents your sincerity in the attempt to purchase and is fully refundable if the offer is not … (0 comments)
romanski group: Purchase Agreement - HomeBuyers
- 12/29/07 06:16 AM
Once we find the house that you really like, the initial step will be to make an offer to purchase the home in which we will formalize this offer in the form of a contract or purchase agreement. We will cover such points as purchase price, closing dates, financing terms, inspections, etc. This offer must be in writing and accompanied by an earnest money check to show good faith. The offer will include information including: •ü The amount you are offering to pay •ü Financing terms, including closing costs •ü Any personal property specifically included or excluded •ü Closing date •ü Inspection requests •ü Any contingencies or … (0 comments)
romanski group: Viewing Homes
- 12/29/07 06:13 AM
Once we begin viewing homes remember that as you approach these homes, take notice of the condition of the roof, foundation, paint and landscaping. Observe the neighborhood, and the condition of other homes on that street. Ask yourself pertinent questions that are important to you such as: Is there suitable parking?; How close are schools, shopping, and a bus line?; Is this home on a busy street? As you walk through the homes, feel free to open cabinets and closets if you wish. If the appliances are to be included, check their condition. Most often sellers will be absent while we are … (0 comments)
romanski group: Romanski Group Benefits of Buying
- 12/29/07 06:02 AM
Benefits of Buying... Owning a home can bring financial rewards as well as a personal satisfaction that comes with knowing that you have a piece of the American dream. The financial benefits of homeownership range from the tax breaks that the owner can enjoy by writing off interest to the possible appreciation in the equity of the home over time. Some of the financial benefits include: Appreciation-Real estate values generally rise over a period of years. Tax advantages-Homeowners may deduct mortgage interest and property taxes as an expense against income, while residential investors may write off cost recovery or depreciation.Being a tangible asset, real estate is seen by lenders … (0 comments)
romanski group: Real Estate Update for Lafayette Indiana
- 12/29/07 05:56 AM
The Lafayette MLS shows that 9 listings expired in the 24 hours, while 11 new properties came on. This shows me that nearly 50% of properties are expiring from the market and I speculate that homes are starting at too high of listing prices and need come down a bit. I will continue to monitor the market it and see if it continues to be a trend. Call The Romanski Group today to begin your home search. Request a Free Homebuyers Guide! (765) 807-7121 - direct(765) 532-6148 - cellerinromanski@kw.comSee all listings in the Lafayette and West Lafayette MLS at www.RomanskiGroup.com! … (0 comments)
romanski group: Build Your Referral Base with Customer Service
- 12/29/07 05:31 AM
The greatest measure of your performance is whether or not your buyer would use you again or recommend you to others. If you're able to deliver ultimate customer value, your happy clients will tell everyone they know what great care you took of them - and that means more business for you. According to the National Association of REALTORS®, among all buyers, more than 40 percent reported that they chose their agents based on a referral. What are you doing to make yourself stand out? You can no longer just be ordinary and only provide an average level of service. Real estate agents have … (0 comments)
romanski group: Make 2008 Your Year To Buy a New Home!
- 12/29/07 05:14 AM
Real Estate activity has started to pick up again after Christmas! This has been a busy week and we are hopeful for a turn around in the real estate industry this year. Real estate sales on residential properties were comparable with those in 2007 with an average sales price under those in 2007. Make 2008 your year to buy real estate.... Great interest ratesGreat selection of homes in great condition with motivated sellers - many priced below appraised value! Call The Romanski Group today to begin your home search. Request a Free Homebuyers Guide! (765) 807-7121 - direct (765) 532-6148 - cell erinromanski@kw.com See all listings in the Lafayette and West … (0 comments)
romanski group: Ready to Sell - Your Committment!
- 12/20/07 07:06 PM
Your Commitment You are about to begin one of life's grand experiences. You should be able to look back on selling your home with considerable satisfaction. Yet, many sellers find it a stressful process. My most important role is helping you minimize that stress by giving a wealth of information about what it takes to ensure a quick and successful contract. Our chances for success are directly related to our active participation in preparing your property to gain the most attention. Your commitment to helping lay the foundation for our marketing effort will help pay big dividends. We believe that commitment should begin … (0 comments)
romanski group: Keller Williams Realty is Special and Unique!
- 12/20/07 06:30 PM
It's A Great Day At Keller Williams! That is how everyone is greeted when phoning a Keller Williams Office. Different, special? ABSOLUTELY!!! Keller Williams Realty is special and unique as are all of our agents. Look around our website - there is something for everyone whether you are a buyer or a seller. Looking to sell? Looking to buy? Looking to build? Let The Romanski Group help you find the right home for you and your family. Our company prides itself on core values: God, Family and Business. Put us to work for you and we will build a relationship for … (0 comments)
romanski group: Less Than Market Value - Interpretation
- 12/20/07 11:45 AM
Real estate ads are sprinkled with terminology that often puzzles consumers who don't have applied knowledge of housing industry lingo. Internet homebuyers find that information about properties is often presented in abbreviated form or unfamiliar language. Shedding a little light on some basic real estate terms may help you locate a home that is available at a very affordable price. 'MLS' refers to the Multiple Listing Service, which is the national database of listed homes for sale. Some real estate web sites allow homebuyers to preview local listings that appear on the MLS. If you see a real estate ad … (0 comments)
romanski group: Price It Right From The Start!
- 12/20/07 11:34 AM
Price It Right From The Start!Pricing a home properly is one of the most important responsibilities of any listing agent - especially in a down market in which there may be unrealistic expectations. In order to overcome this here are some very helpful tips: Establish common objectives for the selling process. Interpret the market so that together we can make intelligent decisions. This is shown by our use of graphs and charts showing the market data necessary to determine proper pricing. Some of the graphs include: Active listings price versus days on the market Sold listings versus days on the market Market ActivityList Price to … (0 comments)
romanski group: Is Now Your Time To Buy?
- 12/20/07 10:04 AM
The real estate section of our local paper isfilled with stories about how the real estate market in our area is changing? If you have been waiting for the right time to buy a house, it may be time for you to make a move. With a huge supply of homes, favorable interest rates and FHA loan programs, now may be the best time to purchase a home in the Lafayette or West Lafayette area.This kind of market is referred to as a "buyers' market" for good reason--it is an opportunity for buyers to select from a large number of homes that could … (0 comments)
romanski group: Now It's Time To Move!
- 12/20/07 09:51 AM
The final step in selling a home is often considered the worst part--the packing and moving of all your possessions. The secret to a smooth move lies in advance planning. Arrange for the movers well in advance. Get estimates from several moving companies, and ask what their quotes include, what kind of services (and care) they provide, and which aspects of the move they will not handle. For example, many companies will not be responsible for removing light fixtures or other attached items.Insure your possessions adequately during the move. Most moving firms can arrange insurance for you. You may be able … (0 comments)
romanski group: Thinking of Selling Your Property?
- 12/20/07 09:43 AM
Have your housing needs expanded along with your income? Are you are thinking about selling your property and looking for a new home? The transition can be accomplished smoothly by using a systematic approach. As part of your selling strategy, it is advantageous to have your present house under contract before you begin a serious search for a new home. This will make you attractive to sellers in two ways. You won't have to include a contingency in your offer to cover the sale of your present home. You will strengthen your negotiating position by improving your financial circumstance with an … (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!
Who pays which closing cost varies in all localities and is open for negotiation between the buyer and seller. It is possible to have a sales agreement in which either the buyer or seller pays all the closing costs. Or, to lower your costs, you may have the seller agree to pay just certain fees. These special terms must be specified in the sales contract.
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