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Erin Romanski

Homebuyer Tax Credit to be Extended and Expanded!

Breaking News: Homebuyer Tax Credit Set to be Extended and Expanded!

Earlier this week, the U.S. Senate unanimously passed an extension and expansion of the homebuyer tax credit. This morning, the House of Representatives approved the agreement reached in the Senate by a vote of 403-12. The bill has now passed both chambers and is awaiting the President's signature, which could be as early as tomorrow!

Below is a summary of the new modifications in the extension and expansion of the tax credit:

1) The $8,000 tax credit will be extended and available for first-time purchases before May 1, 2010.

2) A new $6,500 tax credit will be available for repeat buyers who purchase between December 1, 2009, and May 1, 2010. To qualify for this provision, buyers must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.

3) Prospective purchasers with binding contracts in place as of April 30, 2010, will be allowed an additional 60 days to complete the transaction.

4) Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.

If you know anyone looking to buy their first home at a time when prices and interest rates are still down, or if you are thinking of buying another home and getting the new $6,500 credit please contact me today at (765) 532-6148!

Visit us online at www.RomanskiGroup.com!

Just Listed in Lafayette Indiana - Condo For Sale on Silverado in Ravenswood!

Erin Romanski and The Romanski Group | Keller Williams Realty | 765-532-6148
2448 Silverado Circle, Lafayette, IN
Maintenance free style living in Ravenswood Community overlooking a pond!
2BR/2BA Condo
offered at $205,000
Year Built 2006
Sq Footage 1,710
Bedrooms 2
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size Unspecified
HOA/Maint $150 per month

DESCRIPTION

Situated on a beautiful lot adjoining the pond is this spacious condo with maintenance free style living in Ravenswood! You are welcomed into this home by a foyer entry with ceramic tile flooring that opens to the great room with cathedral ceilings and a corner gas log fireplace. There is a veranda/sunroom with french doors, a spacious den (could be used as a third bedroom), a dining area and a lovely kitchen, complete with all appliances that offers a breakfast bar, wine rack, lots of cabinets with under counter lighting and more! The split floor plan offers two bedrooms, both with cathedral ceilings. The master suite has a master bathroom with ceramice tile flooring, a large vanity with double lavs, separate shower area and a walk-in closet. Additional features include a laundry room, 2-car attached and finished garage, endless water heater, private fenced patio area overlooking the pond, beautiful landscaping and much more! Ravenswood offers a clubhouse with a full kitchen, fitness room, inground pool, walking paths and a gazebo.

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- High/Vaulted ceiling - Walk-in closet - Tile floor
- Family room - Bonus/Rec room - Office/Den
- Dining room - Dishwasher - Refrigerator
- Stove/Oven - Microwave - Attic
- Laundry area - inside - Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


Exterior

Great Room

Kitchen

Sunroom

Patio

Pond View
Contact info:
Erin Romanski and The Romanski Group
Keller Williams Realty
765-532-6148
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Sep 23, 2009, 10:08am PDT
Call The Romanski Group today to see this beautiful condo in Ravenswood! Visit us online at www.RomanskiGroup.com! (765) 532-6148 / erin@romanskigroup.com

Homes in Lafayette and West Lafayette - List of Foreclosures, Short Sales and REO Properties

Foreclosures/REO Properties and Short Sales are in every price range now.

There are more and more homes coming on the market today that are considered a short sale property or a foreclosed property.

Borrowers are often are given a grace period to avoid the foreclosure process, often 2-3 months. The borrower may opt to sell the property during this pre-foreclosure stage if they can't make up their missed mortgage payments. This is typically the best time to strike a deal, as home owners are looking for ways to avoid foreclosure. If the home is purchased during this time frame it is called a short sale.

Buying a foreclosure can be complex and a lengthy process. The complexities of buying foreclosed properties can begin with finding an agent that is familiar with the short sale, foreclosure and REO process, as well as, finding a great deal to avoiding some pitfalls.

Foreclosure rates in the United States are increasing as a rapid rate which is creating an opportune time for investors and buyers.

Considerations/Precautions: Properties that have been left vacant for a while, be sure to check for any plumbing or electrical issues, foundation problems, and mold. Consider having a whole house inspection by a qualified home inspection company to ensure they're not overlooking problems that would be expensive to fix.

Check to ensure the title is clear and check for any liens - such as builder liens and tax liens - that need to be paid off. This is public information and usually can be found at a county's recorder's office.

Contact The Romanski Group today for a list of foreclosed properties at erin@romanskigroup.com!

Click here for Lafayette and West Lafayette's Ultimate Home Search

Get this week's local Market Stats - MLS Market Snapshot

(765)532-6148 - RomanskiGroup.com

Lafayette Indiana Real Estate - Affordability climbs as interest rates fall

Affordability climbs as interest rates fall

Now is the time to buy!

Last week, the benchmark 30-year mortgage rate fell below 5 percent to reach an all-time low of 4.96 percent.

This rate is down from two weeks ago when it hit 5.01 percent. "The outlook is very positive that these low mortgage rates will persist at least through the first half of the year. That is the timetable laid out from the Federal Reserve for pumping up to $500 billion in mortgage-backed bonds," said Greg McBride, senior financial analyst for Bankrate.com.

Low interest rates mean more affordable mortgage payments. Act now and get into your dream home today!

Click here to read the full article from Market Watch.

Click here for the Ultimate Home Search in Lafayette and West Lafayette Indiana!

Fed Drops Interest Rates - Now is the Time To Buy Real Estate

Supported by the Federal Reserve's recent decision to cut its overnight federal funds rate to a range of zero to 0.25 percent, the 30-year fixed rate mortgage hit a 37-year low last week reaching 5.17 percent.

Trade-up or scale-down buyers are free to move into an exciting new home or condo, making more starter homes available for first-time buyers. The advantage goes to the buyer when there are more homes for sale. In a market where the inventory of homes is growing, the competition between buyers increases and gives buyers more options. More competition is not a problem if the local market is moving at a lively pace. Affordable loans and a wide variety of financing options make it an excellent time to buy or sell real estate.

Contact us to find out if now if the right time for you to buy a new home in Lafayette or West Lafayette and surrounding communities.

Click here for Lafayette and West Lafayette's Ultimate Home Search

Get this week's local Market Stats - MLS Market Snapshot

(765)532-6148 - RomanskiGroup.com