Lafayette, IN Real Estate News

By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
  http://www.yourrealestatespecialists.com/• 1,609 sq. ft., 2 bath, 3 bdrm ranch - MLS® #9928657   $145,000 - Sprawling Ranch Brookfield Farm, Lafayette  -  Sellers are Relocating! Beautiful Ranch Home in Quiet Cul-de-Sac Corner Lot on East Side of Lafayette. Close to Shopping, Dining, Schools, and the two new hospitals. Offered by Annette Crespo with Keller Williams Realty of Lafayette.Enjoy the Lovely Fenced Yard with Extensive Landscaping & Great Patio for Entertaining Guests. You'll be Surprised by the Lovely Hardwood Floors, Vaulted Ceilings, Plant Ledges, and Great Master Suite. Spacious Walk-in Closets, Garden Tub, and Ceramic Shower. Giant Kitchen, with Breakfast Nook and Dining Room with Views of the Private Yard.Call Annette today for your personal tour of this home (765)413-5...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Caution:  Those credit card offers just keep coming.  Seems there's hardly a day goes by that your mailbox is not stuffed with some new bank offering some new credit card.  But there's a danger lurking for you also, one you may already be painfully aware of.  Over use of credit cards is crippling the spending power of millions of Americans.  The following is the truth about what really goes on behind the scenes at your credit card company.Dirty Little Secret #1: Debt Addiction Consumer debt is way out of control, but the dope (I mean "debt") pushers just keep on pushing.  The average consumer has 7 credit cards with an average balance per card of $2500.  (That's $17,500 in debt in case you haven't done the math!)  60 million Americans charge an average of $6,000 on credit cards every ye...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
You or someone that you know may have children and be interested in the effect that moving has on them.  An article in the Journal of the American Medical Association reported that children whose families move frequently are more likely to experience behavioral problems.There is no denying that moving up is a positive experience for most adults, but children see it differently.  A family move disrupts the routine relationships and attachments that define a child's world.  Almost everything familiar outside the family is lost.  Parents can avoid a lot of stress --- for themselves and their children --- by following some simple guidelines:Let youngsters know as early as possible.  How soon?  That depends on the child.  For some, it may be best to wait until the move is a sure thing.  Some...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Here are some questions to ask when shopping around for a Home Inspector:Who is going to do the job? What are the inspectors qualifications and experience.  Only individuals, not companies, can be members of the home inspectors associations.Will the firm hire independent contractors to do the actual work?An independent contractor may not be around to return phone calls.  Use a sole practitioner.What is the cost and what does it include? Standard home inspectors cast $200 to $250 and take about two hours.  Make sure you are clear on what will be included in the inspector's report and when to expect it. What will the inspection cover? It is important that all parties share the same expectations about the inspection and what it can and cannot discover about the home.Realize the limitations...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
The most important piece of advice is --- hire a contractor carefully.  One way to find a good contractor is to see completed projects that you like and ask the homeowner who did them.  You can also ask friends for recommendations.  Building supply yards and the local building inspector's office are also good sources.  Once you narrow the field to a handful of contractors, get these questions answered:Is the contractor properly licensed? Does he have a street address? If he uses only a P.O. Box, BEWARE! It will be virtually impossible to find him later.How long has he been in business? Statistics show the majority of new contractors only last three years.  Does the Better Business Bureau have any complaints on file?Will he provide names and phone numbers of satisfied clients? Be sure to...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
If you are handy, you can probably do home improvements or repairs yourself, but should you? The answer, of course, depends on many factors.  To avoid a botched job, consider these issues before tackling a good-sized or challenging project:Check your local building codes and ordinances.  Some or part of your project may require the work to be done be a licensed professional. Some jobs require special tools, some of which can be rented; but a professional already owns them and knows how to use them.  He does not have to spend time learning, as you would.  What mistakes might take place during the learning process?It can take a lot of study and practice to become comfortable working with some materials such as roofing materials, plumbing, tile, wallpaper, lumber, and so on.  Do you have t...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
You know what an unpredictable world this is.  Hopefully you feel safe in your home and in your neighborhood --- and have taken precautions to ensure that your home is safe and secure.  Unfortunately, homes are burglarized despite the best precautions.  If this happens to a neighbor, you might keep the following ideas in mind.If your neighbor's home is burglarized, don't be surprised if you are happy it was them and not you.  This is a perfectly natural reaction, according to Mory Framer, a Los Angeles psychologist.  Another common reaction to a neighbor's loss is becoming nervous and worrying that you'll be next.  The important thing is to help yourself and your neighbors in this time of crisis.Don't withdraw from your neighbors.  Avoid acting as if they have a communicable disease.  D...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Many mortgage companies were hurt in 1993 by the surge in mortgage refinances.  Investors in mortgage securities and mortgage companies --- who hoped for years of interest payments on above-market rates --- ended up holding the bag due to unprecedented low interest rates. The result ended in the "Discounted Prepayment Penalty Loan."  This loan is a classic free-enterprise solution based on quid pro quo --- give a lender a commitment that you will not refinance in three to five years and they will discount the loan by 1/4 point.  A 1/4 point on a $200,000, 7% loan would save $33.41 per month, which equals $400 per year, or several thousand dollars if you were to stay in your home seven to ten years.Other discounted loans, with slight variations, are possible.  For example, a lender might...
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By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
  Our Website:  www.yourrealestatespecialists.com           The term freestyle usually evokes images of swimming laps or spontaneous dancing. However, this summer think freestyle in terms of preparing outdoor spaces for a bustling season of casual barbecues, poolside soirees and zesty fiestas. Freestyle decorating is a potpourri of the old and new, combined with vision, creativity and individual flair. The result is a one-of-a-kind center stage to host all of your outdoor gatherings this season. Stage Preparation Think about the types of events that will take place on your outdoor center stage this summer and make a running list of the items that you do not have. Stay on the lookout for ‘red tag' sales and stock up on summer entertaining essentials such as extra seating, tableware and l...
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By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
Lafayette, Indiana Real Estate Website:  www.YourRealEstateSpecialists.comThe NATIONAL ASSOCIATION OF REALTORS® still expects more than 6 million existing-home sales in 2007, but stricter lending standards and a decline in subprime mortgage origination have contributed to somewhat lowered expectations compared with earlier forecasts, according to the latest projections from NAR.Lawrence Yun, NAR senior economist, says one benefit for the market is the disappearance of speculative behavior, which contributed to abnormal price growth. "Home buyers today are purchasing for the long term, generally with a realistic expectation of modest gains over time," Yun says. "Housing first and foremost is shelter. Second, it's a long-term investment that slowly builds the greatest amount of wealth for...
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By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
Price Reduced on 4663 E Commodores Lane in Raineybrook Raineybrook, Lafayette  -  Announcing a price reduction on 4663 E Commodores Lane, a 3,930 sq. ft., 5 bath, 4 bdrm . "2 Story Fireplace & Foyer".  MLS® #9927987   Now $415,000 - Full Finished Basement. Property informationContact Becky Today for Your Personal Tour of this Property. (765)426-2083, Email: TopAgentKW@aol.comLafayette, In  Real EstateKeller Williams LafayetteBecky JohnsonYour Real Estate Specialists Group - http://www.yourrealestatespecialists.com/Keller Williams Lafayette, Indiana 
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By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
  Across from Columbian Park Playground • 1,754 sq. ft., 2 bath, 3 bdrm 1 1/2 story - $137,900 - Full Finished Basement Columbian Park Area, Lafayette, Indiana  -  Here's the Chance to have a Beautiful Home Overlooking Columbian Park. Character galore, starting from the Welcoming Front Porch to the Hardwood Floors. Features 3 Bedrooms, a Spacious Master Suite & Loft Area, and 2 Full Bathrooms. Enjoy the Finished Basement, complete with a Wood Burning Stove and Recreational Room. The Multi-Level Deck & Fenced Yard are perfect for Entertaining. Great Location across from the Playground at Columbian Park. Within walking distance to Arni's, the Frozen Custard, Schools, and Churches.Contact Scott today for your personal tour of this home at (765)714-1971, Email: realestatebrown@yahoo.com Pr...
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By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
According to a Green Builder Media survey, 96% of home builders intend to make use of more envirnmentally friendly building materials and processes in 2007.  'Green' building is becoming reasonable enough that most builders intend to switch to more sustainable building methods and materials.It's about time!  I'm so glad to see the eyes of builders are finally opening.  I hope this will in turn bring the cost of 'Green' down across the board!  It has seemed very silly to me that the environmental friendly products are twice as expensive as the others.  This is the same for fresh fruits & veggies at the grocery.  It makes no sense that a canned food is cheaper than fresh!Have you seen 'Green' building or changes in your area?  I would love to hear your feedback!Thanks, Becky JohnsonLafaye...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Real Estate as an Investment - the Concept of LeverageWhat is the concept of leverage? Leverage is defined as the ability to control a large asset with a smaller asset.  For example,  you can purchase $100,000 in real estate using $5,000 in cash assets. But in real estate, you can a appreciation on the $100,000 asset, using a much smaller investment.  In the United States, real estate has had a consistent history of appreciation.  There have been times of depreciation during recessions (some nationwide, and other regional), but overall there has been no asset in the United States which has outperformed real estate for consistent appreciation since the Colonial times.Remember that the concept of leverage requires that we control as large an asset as possible with the smallest asset possi...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
What is an inflation hedge?  We all know what inflation is.  It is the tendency for expenses to rise over time.  We know that rent is subject to inflation.  If your present rent payment is $800, a 5% rate of inflation would make the payment $1,303 in ten years.  A hedge is an instrument of financial protection.  Sophisticated investors protect their investments from erosion by using hedges.  For example, someone holding a large stock portfolio may purchase futures, betting that the stock market will go down.  Then, if we have a stock market crash, the person can offset the loss in the value of his stocks with the gain in futures.  An inflation hedge protects one against future costs of inflation.  The reason for this is simple - a mortgage payment resists inflation.Why does a mortgage p...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Security, privacy, freedom - the American Dream is to purchase a home.  Ownership of property is the bastion of capitalism.  There is no doubt that owning a home is the goal of the average American today.  Why? Is it the ability not to have a landlord? Is it the freedom to stay or move? There are many emotional benefits to home ownership. However, the cornerstones of our capitalistic society are financial in nature.  The reason we all aspire to own real estate is simply this: we desire to accumulate wealth.  Time and time again, we hear of riches built with a real estate foundation.There are three basic economic reasons for purchasing a home:Real estate is an investment---using the concept of leverage, we will learn exactly why real estate constantly outperforms other investment vehicle...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
What a few of our clients have been saying..." Great team work! Thanks a lot! You were tremendously helpful and pleasant to deal with.  Our experience with Tippecanoe Mortgage was superb." - Lindsey McGuire" I really appreciated the assistance in obtaining my mortgage and all your creativity in financing options." - Pat Johnson"We would like to thank your entire team for the great service that you provided during our first home purchase.  Due to your outstanding job, we were able to close on our new home with no problems."  - Patricia Greer"I was declined by three other companies. We were pleased that David was able to get the loan approved.  Thanks David! We appreciate it and look forward to recommending our friends!" - Ravi KCYour Local Mortgage Services:David MennenMortgage Loan Cons...
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By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Looking For Down Payment Options?Are you dreaming of owning your own home...but wondering how to finance it?MyCommunity Mortgage Home Loans have flexible requirements that make it easier for you to buy a home.Here are some ways a MyCommunity loan may help you buy a home:Up to 100% Financing availableSeller contributions up to 6% of the sales price or appraised value, which ever is lessGift funds from family members are often allowedSpecial options for teachers, police officers, firefighters and healthcare workersCall me today to apply, or for more details:David MennenMortgage Loan Consultant/OwnerTippecanoe Mortgage, Inc.1221 S. Creasy Lane, Suite J. Lafayette, IN 47905Direct: 765-448-1808dmennen@tippecanoemortgage.comhttp://www.davidmennen.com/ Local Mortgage services for Greater Lafay...
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By Cathy Russell
(Cathy Russell Team Real Estate)
It was a beautiful weekend in the Lafayette area!  It is so nice to see the flowers coming up and the redbuds in bloom and all the activity in homeowners yards!  Spreading mulch and general cleanup is great right now but don't forget it is best to wait until Mother's Day to Plant your annuals!    Speaking of Mother's day it is only 2 weeks away..May 13!  I used to love it when my kids were all home their present to me was to come and plant flowers all over my yard for my Mother's Day gift ..Now that Stacy is the only one close by, I guess she has been left to continue the tradition or I need to adopt a couple more children!   Have a wonderful week!   http://www.cathyrussell.com/: you'll find every home on the market--all in one place! Full reports, prices, addresses, pictures, everythin...
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By Becky Johnson - Lafayette & West Lafayette, IN
(Your Real Estate Specialists Group - Century 21)
  Exquisite Executive Home & LocationRed Oaks, Lafayette  -  We invite everyone to visit our open house at 831 Bur Oak Ct. E on April 22 from 2:00  to 4:00 . Property information Hosted by Annette Crespo 765.413.5154Address: 831 Bur Oak Ct. E Type: Residential Style: 1 1/2 Story Bedrooms: 3 Bathrooms: 3 Garage: Triple, Attached Size: 2,325 sq. ft. Lot Type: Rectangular Lot Size:  0.251 acres  119ft x 92ft Year Built: 1993 Taxes: $2,226.00 (2006)   Description Exquisite Executive Home & Location. Enter into the Formal Foyer Entry, with Ceramic Tile Flooring. Incredible Living Room featuring Vaulted Ceilings, Wood Crown Molding with Up-Lighting, Hardwood Floors, and Custom Windows. Step up into the Dining Room, with Sliding Glass Doors and a Great View of the Beautiful Backyard. Next is t...
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