Elkhart County, Indiana, Increase Your Homes Value Before Selling

If you are planning to sell your home in Elkhart County, Indiana, which renovations will increase the value of your house the most?
Assuming the house has no major weaknesses, remodeling the kitchen or bathroom is usually a good bet.
Making improvements in a home can boost the selling price of the property substantially beyond the cost of the renovation and even mean the difference in whether or not the house sells at all. When contemplating an upgrade, a homeowner is wise to consider not only renovations that are needed, but those that will most enhance the value - and selling appearance - of the home.
Evaluate the home from the buyer's point of view. Your local Elkhart County Expert, Evelyn Johnston, Real Estate Agent with Prudential One Realty will be able to offer an objective view and will also know what buyers are looking - and asking - for. Renovations accomplish one of two things; they improve or update the condition of the home, or they actually add features to it. (A small renovation might be a skylight, a larger one - an extra bedroom and bath.) Before embarking on any ambitious projects, sellers should first confirm that their money wouldn't be better spent with more basic work, like replacing drafty old windows, adding insulation or installing an attic fan.

Assuming the house is otherwise appealing, modernizing the kitchen is usually a worthwhile investment. Not only is it the "heart" of the home, the kitchen is also the main workplace, where modern convenience is expected. Buyers are attracted to a bright, cheerful, convenient kitchen. This means that as a minimum, floors and counters should be in good condition; cabinetry should be freshly painted or natural; appliances should look good and operate well; window coverings should be tasteful and feature light paint; and there should be lots of sunlight or at least pleasant artificial lighting. Cabinet space, also an important feature in a kitchen, can be maximized by inexpensive organizing and space-saving devices that are available. For older kitchens, replacement of countertops, floors, cabinet doors or appliances can freshen the look and improve the utility of the kitchen without disturbing the character of the room - and with less expense than a complete rebuild.
Bathrooms are another good candidate for refurbishment. Buyers are fussy about cleanliness, and a sparkling clean, looking-like-new bathroom is an excellent sale feature. And bathroom renovations are not as expensive as you might think, even for a complete remodeling.
Many of the refurbishments can be done in a weekend without hiring a contractor. But, if you do need the services of a contractor, ask friends or your local Elkhart County Expert, Evelyn Johnston, REALTOR with Prudential One Realty at 574-304-7148 for referrals of companies that provide quality service.

Elkhart County Public School Systems, By Townships

Elkhart County's Public School Systems educate students from within the boundaries identified by the tax parcel identification number. The system receiving property taxes is responsible for education services.

Baugo Community Schools educate Baugo Township
29125 CR 22 W
Elkhart In 46517
574-293-8583
http://www.baugo.com/
Jimtown North Elementary 30046 CR 16 W 574-293-3507
Jimtown South Elementary 58901 CR 3 S 574-522-0379
Jimtown Intermediate School 58703 CR 3 S 574-294-2158
Jimtown Junior High School 58903 CR 3 S 574-294-6586
Jimtown High School 59021 CR 3 S 574-295-2343

Concord Community Schools educate Concord Township
Concord Community Schools
59040 Minuteman Way
Elkhart In 46517
574-875-8762
http://www.concord.k12.in.us/
Concord Community High School 59117 Minuteman Way 574-875-6524
Concord Junior High School 24050 CR 20 574-875-5112
East Side Elementary 57156 CR 13 S 574-875-8517
Ox Bow Elementary 23525 CR 45 574-875-8538
South Side Elementary 23525 CR 45 574-875-6565
West Side Elementary 230 W Mishawaka Road 574-293-2531

Elkhart Community Schools educates Cleveland, Osolo and Washington Townships

Fairfield Schools educate Clinton, Benton and Jackson Townships

Goshen Community Schools educates Elkhart Township

Middlebury Community Schools educates Jefferson, Middlebury and York Townships

Wa-Ne Community Schools educates Union, Locke, Olive and Harrison Townships.

Elkhart County Noon Kiwanis Club Meetings

Matterhorn Banquet and Conference Center located at 2041 Cassopolis Street in Elkhart, Indiana is the location of the Noon Kiwanis Club. Please call Cheryl Farmer at 574-206-8844 for more information 8 am to 5 pm.

This information provided by you local Real Estate Agent and Elkhart County Expert, Evelyn Johnston of Prudential One Realty. Evelyn's nickname is Elkhart-Evelyn!

¿Cómo es su Elkhart condado, resbalón "rosado" casero de Indiana?

Cuando los consumidores compran los automóviles y les pagan en "resbalones rosados" para indicarlos poseen los vehículos. Y cuando los compradores caseros compran las propiedades inmobiliarias (o la característica verdadera) se transfieren los "títulos". ¿Pero qué sucede si el vendedor no tiene un "título claro" a transportar? Quizás había una irregularidad en una de las últimas transacciones que implicaban la característica. Repentinamente, el comprador casero puede encontrarse o ella misma fuera de millares de dólares 0 y no poseer cualquier característica. Hoy, eso no sucede - si una compañía de título está implicada. Pues el trabajo de la compañía de título es buscar hacia fuera cada última transacción que implica la característica para asegurarse de que el título claro pasó de dueño al dueño, y de que el vendedor actual lleva a cabo título claro a la característica. Los examinadores de la compañía de título remontan la propiedad de la característica con su historia entera. Se cercioran de que el título esté claro. En el pasado, esto fue hecha manualmente, sin embargo, automatizó hoy expedientes hacen la tarea más fácil... y más confiable. Además de la destapadura el título deserta (llamado las "nubes") referente a la propiedad de una característica, las búsquedas de título también detectó embargos preventivos. Por ejemplo, suponga que un contratista construyó una adición del sitio a un hogar y que no era completamente pagado para su trabajo. Si él archivara un embargo preventivo contra la característica, estaría en expediente con el registrador del condado - y debe ser descubierta por el examinador del título durante la búsqueda. La compañía de título entonces notificaría la compañía del fideicomiso del problema, y el vendedor resolvería el embargo preventivo o lo arriesgaría el perder del comprador. El seguro de título es la mejor manera de proteger completamente contra defectos posibles del título. Lenders que proporciona el financiamiento requiere que los compradores compren seguro de título. Esto protege completamente a prestamistas hasta la cantidad del equilibrio del préstamo en los problemas del título del acontecimiento emerge en el futuro. ¡Algunos compradores asumen que esta política los protege también - solamente éste no es el caso! Los compradores deben también comprar a dueños de una casa póliza de seguro de título, y los compradores elegantes harán así pues, proteger su propia inversión en la característica. Si un problema con título se descubre en un día más último, se convierte en el problema del asegurador, no el comprador. El seguro de título es un costo de una sola vez, barato que proporciona la protección completa para el comprador contra el título futuro demanda para mientras él o ella posee la característica. Aquí en el condado de Elkhart, Indiana tenemos varias compañías de título a elegir de, y es tradicionalmente la opción del vendedor casero en cuanto a quien eligen uno. El condado de Elkhart, Indiana, agente de propiedades inmobiliarias Evelyn Johnston deja a sus vendedores caseros saber los locales disponibles para elegir de. Para más información sobre el proceso de comprar o de vender su hogar, Evelyn se puede alcanzar en los un bienes raices prudenciales o 574-304-7148.

How is Your Elkhart Indiana Home's "Pink Slip"?

When consumers purchase automobiles and they are paid in "pink slips" to indicate they own the vehicles. And when Home Buyers purchase real estate (or real property) "titles" are transferred.

But what happens if the Seller does not have a "clear title" to convey? Perhaps there was an irregularity in one of the past transactions involving the property. Suddenly, the home buyer may find himself or herself out thousands of dollars 0 and not owning any property.

Today, that does not happen - if a title company is involved. As title company's job is to search out every past transaction involving the property to ensure that clear title passed from owner to owner, and that the current seller does hold clear title to the property. Title company examiners trace the ownership of the property through its entire history. They make sure the title is clear. In the past, this was done manually, however, today computerized records make the task easier...and more reliable.

Besides uncovering title defects (called "clouds") relating to a property's ownership, the title searches also detect liens. For instance, suppose a contractor built a room addition to a home and was not fully paid for his work. If he filed a lien against the property, it would be on record with the county recorder - and should be discovered by the title examiner during the search. The title company would then notify the escrow company of the problem, and the seller would resolve the lien or risk losing the buyer.

Title insurance is the best way to fully protect against possible title defects. Lenders who provide financing require that buyers buy title insurance. This fully protects lenders up to the amount of the loan balance in the event title problems surface in the future. Some buyers assume that this policy protects them too - but this is not the case! Buyers must also buy a homeowners title insurance policy, and smart buyers will do so, to protect their own investment in the property. If a problem with title is discovered at a later day, it becomes the problem of the insurer, not the buyer. Title insurance is a one-time, low-cost expense that provides full protection for the buyer against future title claims for as long as he or she owns the property.

Here in Elkhart County, Indiana we have several Title Companies to choose from, and it is traditionally the choice of the Home Seller as to which one is chosen. Elkhart County, Indiana, Real Estate Agent Evelyn Johnston lets her Home Sellers know the local ones available to choose from. For more information about the process of buying or selling your home, Evelyn can be reached at Prudential One Realty or 574-304-7148.

¿Calificando Para Un Préstamo En El Condado De Elkhart, Indiana, Usted Medida Subirá?

Usted es listo hacer un dueño de una casa en el condado de Elkhart, Indiana. ¿Tan cómo usted le conoce medirá para arriba? Para contestar a la pregunta, tome un gravamen fiscal personal. Una mirada sólida en sus finanzas, cuánto usted debe actualmente, cuánto usted tiene disponible para una señal, y la cantidad aproximada de sus pagos de hipoteca mensuales estimados, le ayudará específicamente a determinar la clase de préstamo que usted podrá procurar. Un gravamen up-front le dará una oportunidad de eliminar los snap\gs potenciales que pudieron ocurrir en el proceso que pedía prestado. El mejor paso a sería comprador casero puede tomar antes de comenzar el proceso de uso de préstamo es conseguir finanzas en orden de la enviar-forma. Usted puede cerciorarse de que su situación de crédito actual sea buena repasando un informe de crédito personal de una oficina de crédito. Examínela cuidadosamente. Si hay algunos errores en todos, téngalos corregida. Lenders buscará pagos tardíos, bancarrotas y colecciones sin pagar. Después, heche una ojeada su carga de deuda actual. Lenders tomará en la consideración cuánto deuda usted ya tiene que determinarse cuánto prestarán. Generalmente, los préstamos se basan en el cociente de la deuda-a-renta del prestatario. Esto se extiende típicamente a partir del 27 hasta el 29% de renta mensual gruesa comparada a una paga mensual el 36% gruesa de la renta hacia fuera para todas las deudas. Si usted está pagando actualmente de deudas considerables tales como balances de la tarjeta de crédito, coches, préstamos de la universidad, etc., éste puede bajar la cantidad de préstamo para la cual usted calificará. Intente pagar apagado tantos préstamos delante del tiempo como sea posible aumentar su energía del préstamo de hipoteca. Los compradores caseros anticipados que desean ayuda exterior en la determinación de su estado que pide prestado pueden entrar en contacto con a un prestamista financiero del consejero o de hipoteca. Si usted quisiera una sugerencia para un prestamista, su profesional de las propiedades inmobiliarias puede ponerle en contacto con uno. Estos expertos le ayudarán a determinar la cantidad de préstamo de hipoteca que usted puede calificar para y qué gama de precio casero usted puede permitirse. Una vez que se establezca la cantidad, usted deseará mirar los cuatro tipos básicos de opciones de la hipoteca. Éstos incluyen: las hipotecas de tarifa fija 30-year, 15-year fijaron tarifa, las hipotecas de la ajustable-tarifa (brazos), y los préstamos híbridos, que son una combinación de fijo y de ajustable. Para descubrir sobre estas varias opciones del préstamo casero detalladamente, usted puede hablar con sus propiedades inmobiliarias Evelyn profesional Johnston de un bienes raices prudenciales, o el profesional del corredor o del préstamos, lee los libros de las propiedades inmobiliarias, atiende a hogar-comprar y a seminarios de la hipoteca o aún practica surf el Internet. Usted puede también desear pre-calificar para un préstamo. la Pre-aprobacio'n toma la incertidumbre de casa-comprar. Con este proceso, la institución de préstamos establece exactamente cuánto usted puede pedir prestado. El papeleo para el préstamo es sometido, seguido por un cheque, una evaluación y una verificación del crédito de su capacidad acreedora, y finalmente, un acuerdo de préstamo. Como comprador casero, usted no será confiado a hacer la compra casera para la cual usted pre-ha calificado, pero usted habrá establecido su capacidad acreedora. Los vendedores son más probables mirar favorable en un comprador potencial que tenga pre-aprobacio'n. Y puede significar una ventaja en conseguir la casa que usted desea sobre algún otro, que da lugar a una transacción más rápida y que puede significar posiblemente el dinero del ahorro en el precio del hogar.

Ready To Become A Home Owner In Elkhart County, Indiana?

You're ready to become a homeowner in Elkhart County, Indiana. So how do you know you'll measure up?

To answer the question, take a personal fiscal assessment. A solid look at your finances, specifically how much you currently owe, how much you have available for a down payment, and the approximate amount of your estimated monthly mortgage payments, will help you determine the kind of loan you'll be able to procure.

An up-front assessment will give you an opportunity to eliminate potential snap\gs that might occur in the borrowing process.

The best step a would be Home Buyer can take before beginning the loan application process is to get finances in ship-shape order. You can make sure your current credit standing is good by reviewing a personal credit report from a credit bureau. Inspect it carefully. If there are any errors at all, have them corrected. Lenders will be looking for late payments, bankruptcies and unpaid collections.

Next, take a look at your current debt load. Lenders will take into consideration how much debt you already have to determine how much they'll loan. Generally, loans are based on the borrower's debt-to-income ratio. This typically ranges from 27 to 29% of gross monthly income compared to a 36% gross monthly income pay out for all debts.

If you currently are paying off considerable debts such as credit card balances, cars, college loans, etc., this may lower the amount of loan for which you'll qualify. Try to pay off as many loans ahead of time as possible to increase your mortgage borrowing power.

Prospective Home Buyers who want outside help in determining their borrowing status can contact a Financial Counselor or Mortgage Lender. If you would like a suggestion for a lender, your Real Estate Professional can put you in contact with one. These experts will help you determine the amount of Mortgage Loan you can qualify for and what home price range you can afford.

Once the amount is established, you'll want to look at the four basic types of Mortgage Options. These include: 30-year fixed rate mortgages, 15-year fixed rate, adjustable-rate mortgages (ARMs), and hybrid loans, which are a combination of fixed and adjustable.

To find out about these various home loan options in detail, you can talk with your Real Estate Professional Evelyn Johnston of Prudential One Realty, or broker or Lending Professional, read real estate books, attend home-buying and mortgage seminars or even surf the Internet.

You may also want to pre-qualify for a loan. Pre-approval takes the uncertainty out of house-buying. Through this process, the lending institution establishes exactly how much you can borrow. Paperwork for the loan is submitted, followed by a credit check, evaluation and verification of your creditworthiness, and finally, a loan agreement. As a Home Buyer, you will not be committed to making the home purchase for which you have pre-qualified, but you will have established your creditworthiness.

Sellers are more likely to look favorably on a potential Buyer who has pre-approval. And it can mean an advantage in getting the house you want over someone else, result in a quicker transaction and can possibly mean saving money on the price of the home.

In Elkhart County Indiana, Which Is Better For You, A Mortgage Banker or a Mortgage Broker?

In the "old" days-that is, before "creative financing"-home buyers in Elkhart County, Indiana had few financing options when it came to purchasing a property. However, in today's environment, a buyer has the choice of everything from a fixed, 15 or 30 year mortgage and an adjustable rate mortgage (ARM) to an amortized 30 year mortgage with a balloon payment at the end of seven years.

Sound confusing? It can be, buy fortunately, there are numerous helping hands not only in Elkhart County, Indiana but other communities as well, for the perplexed home buyer. For instance, your local real estate professional Evelyn Johnston with Prudential One Realty can provide assistance. And so can a "mortgage banker" and/or "mortgage broker.

What is a mortgage banker and/or a mortgage broker? And how do they impact you when you purchase a home?

First, the mortgage banker is a lender. Mortgage bankers may consist of banks, insurance companies and large mortgage lenders. Going direct to one of these institutions can save time as well as money.

On the other hand, a mortgage broker is an intermediary whose role is to bring the lender - that is, the mortgage banker - and home buyer together. The mortgage broker may deal with one or many lenders and he or she acts as a facilitator. A competent mortgage broker can save a buyer time in finding a lender who will finance a purchase with attractive, highly competitive terms. Many mortgage brokers also provide advice and support to your local real estate professional.

Whether a buyer works with a mortgage banker or mortgage brokerthere there is one thing the home buyer should keep in mind. That is, the ultimate goal is to secure the "best" loan possible.

But what does "best" mean? For most buyers "best" can be classified into four areas:

(1) Service. Are the lenders noted for their service? What experiences have other buyers had with them? What are they going to do for you to make this process as rapid, smooth and "painless" as possible? Do they have special programs (like pre-approval or low documentation loans) that take the hassle out of the loan?

(2)Reliability. Do they keep their word? Do they deliver when they say they will? Previous clients--what do they think?

(3) Speed. Is loan approval done quickly and efficiently?

(4) Cost of the loan. Is it competitive? What is the interest rate? What is the cost of all the fees? (Be wary of "junk" fees, which your local real estate professional can help you spot). Be sure to compare the loan's Annual Percentage Rate (APR) , which considers the total interest rate and fees for a loan and lets you make a better comparison.

Still, even with these guidelines, selecting the right mortgage banker - mortgage broker can be confusing. However, there is an answer - talk to your local real estate professional. An experienced professional has dealt with many bankers and brokers. He or she knows who can offer you - the buyer - the best combination of service, reliability, speed and cost. And that's what financing a home is all about! Real Estate Agent Evelyn Johnston can help you if you are looking for a home in the Elkhart County Real Estate Market. Call 574-304-7148.

You Found Just The Right Home Here In Elkhart County, Indiana, Now What?

The commotion of house hunting is finally over. You found just the right house here in Elkhart County, Indiana and your offer has been accepted. It was a great buy. Now, just one more hurdle --getting a loan--and you're home free.
Often buyers are so eager to get this "final detail" behind them, they rush through this portion of the transaction and end up with less-than-ideal terms. Borrowers, however, have something lenders want--their business. This positions them to negotiate the best possible price (cost of loan), terms and service.
Let's look at price, or the cost of the loan. The first thing to do is find out what the current rates are-information readily available in your newspaper or from your sales professional. When comparing rates, figure the annual percentage rate (APR), which includes interest, extra fees and costs amortized over the life of the loan. Also determine the number of points, if any, tha the lender will charge to make the loan. (A point is equal to 1 percent of the loan amount). I have two very good lenders, but of course, you are free to use whomever you choose. Rick White of Synergy Mortgage or Shayne Sherman of Indigo Financial Group.
Next, consider what loan options the lender offers. There are six or seven basic types of loans, which vary in their duration. Check how rates are calculated (fixed versus variable) and whether charges are fully amortized over the life of the loan or whether you'll have to pay points up front and/or balloon payments at the end.
Is there a prepayment penalty clause? Which terms are best for you depends on such factors as what changes you expect in your income, how long you plan to own the home, and what you predict will happen in loan rates in the years ahead. For example, if you only plan to reside in the home for a year or two, starting with a lower Adjusted Rate Mortgage (ARM) might be the best choice. If you have no plans to move and feel that inflation will rise rapidly, a fixed rate would obviously be better.
Finally, and perhaps most importantly, consider speed and service. Buyers shouldn't have to wait days for approval and weeks for closing just because the lender is slow. Your sales professional should be able to recommend several lenders with whom he or she has had positive dealings. And don't forget family and friends-they can be a great source of recommendations (as well as horror stories?).
Remember, qualified buyers are great prospects for lenders-sogive your business to the lender who demonstrates he not only wants it, he deserves it.

Elkhart County Real Estate Agent Evelyn Johnston Advises...

Every prospective homeowner would like to buy the best property in Elkhart County and their favorite neighborhood at the lowest price. That's the ideal situation, but in most cases, it's not easy to do. Usually, buyers have three property choices in an area --the sharpest, a mid-range or the "bottom of the line." So which one would you buy and why?
Obviously, the sharpest property usually carries the highest price tag. But buyers don't have to purchase the best-looking property in Elkhart County in order to generate maximum appreciation. In fact, many times the best approach is to stay away from the sharpest properties. Although these homes have an excellent appearance, percentage-wise they may not appreciate as much as a mid- or lower- priced home.
At the same time, stay away from the rock-bottom priced properties. These homes are usually priced lower for a reason, and the cause for the low price may not be readily remedied. For example, a corner property, one on a busy street or a property with a shorter driveway are worth less because of the inconvenience. Buying one of these properties takes less money, but it appreciates less. In the long run, it will not be as strong an investment as a home that does not have these drawbacks.
Instead, look for a property in the mid-range. Pick a home in Elkhart County that is between the top and bottom of the line. A buyer who stays in the mid-range will find that the property will appreciate, from a percentage standpoint, just as much --if not more-- than the higher priced homes.
Whether you prefer the top, middle or bottom of the line, the key is to carefully investigate an area, tract, or development before you buy. Travel down the streets; measure the traffic, examine the property, scrutinize nearby homes, calculate maintenance; talk to the neighbors, ask questions of your local Real Estate Agent,Evelyn Johnston of Prudential One Realty. Oftentimes I can provide you with valuable insight. Look at the surrounding communities. How do they appear? Communities that are adjacent to one another will impact each-other.
Certainly it takes time, but remember, your home is going to be the single largest financial investment you will ever make--and you want that investment to be a wise one!
For more information about the the Elkhart County Subdivisions, call Real Estate Agent Evelyn Johnston at 574-304-7148.

Can You Donate To Sunshine Kids-Fundraiser For Kids With Cancer?

I should have already posted this, so I apologize for the lateness of it.
Unfortunately, it seems that we all know someone whose life has been impacted by cancer. It often feels that when we are faced with something like cancer, we don't know how to respond or what we can do to help. Prudential One Realty is excited to host our second annual fund-raising event for The Sunshine Kids Foundation. The Rays of Hope Gala, dinner Dance and Silent Auction gives you a chance to be pro-active in helping kids with Cancer find ways to live normal lives and have some fun!
The Rays of Hope Gala is a silent auction as well as formal dinner. You can help by one of two ways, or possible both! We are in need of auction items. Anything you'd like to contribute would be welcomed! As a contributor to the auction, you will receive recognition on our web-page as well as in a presentation at the Gala and also in the Gala program.
The second way you can help is to purchase a corporate table. The price is $700 (regular ticket price is $75.00/per person) and that price gets you 9 tickets (1 full table), your company/organization name monogrammed on the table and recognition on our web-page as well as in the presentation at the Gala and also in the Gala program. This is a great way to help a worthy cause and also get your company name out there!
Prudential One Realty, Real Estate Agents and The Sunshine Kids Foundation thank you for your time and contribution!

Have you Tested Your Home In Elkhart County Indiana For Radon?

Radon is a cancer-causing, radioactive gas. You can't see radon. And you can't smell it or taste it. But it may be a problem in your home.
Radon is estimated to cause many thousands of deaths each year. That's because when you breathe air containing radon, you can get lung cancer. In fact, the Surgeon General has warned that radon is the second leading cause of lung cancer in the united States today. Only smoking causes more lung cancer deaths. If you smoke and your home has high radon levels, your risk of lung cancer is especially high.
Radon can be found all over the United States. Radon comes from the natural (radioactive) breakdown of uranium in soil, rock and water and gets into the air you breathe. Radon can be found all over the U.S. It can get into any type of building-homes, offices and schools-and result in a high indoor radon level. But you and your family are most likely to get your greatest exposure at home, where you spend most of your time.
Testing is the only way to know if you and your family are at risk from radon. EPA and the Surgeon General recommend testing all homes below the third floor for radon. EPA also recommends testing in schools. Testing is inexpensive and easy--it should only take a few minutes of your time. Millions of Americans have already tested their homes.
Radon reduction systems work and they are not too costly. Some radon reduction systems can reduce radon levels in your home by up to 99%. Even very high levels can be reduced to acceptable levels.
Radon-resistant construction techniques can be effective in preventing radon entry. When installed properly and completely, these simple and inexpensive techniques can help reduce indoor radon levels in homes. In addition, installing them at the time of construction makes it easier and less expensive to reduce radon levels further if these passive techniques don't reduce radon levels to below 4;Ci/L. Every new home should be tested after occupancy, even if it was built radon resistant. If radon levels are still in excess of 4 pCi/L, the passive system should be activated by having a qualified mitigator install a vent fan.

Are You New to Elkhart County Indiana?

Elkhart County Chamber of Commerce has lots of information to help you relocate here to one of our many communities. They are located at 418 S. Main Street downtown Elkhart. If you prefer you can call them at 574-293-1531.

Hunting for a home? I am a Real Estate Agent with Prudential One Realty and am familiar with all areas of Elkhart County, from Bristol to Goshen and Granger to Osceola. Call me with all your Real Estate concerns, 574-304-7148.

Elkhart County, Indiana Do You Have A Sub-prime Adjustable Rate Mortgage?

President Bush signed the Hope Now initiative in December to slow the flow of defaulted subprime mortgage defaults. The non-profit HUD-approved Homeownership Preservation Foundation should have by now approximately 550 to 600 counselors staffing the phone to talk to concerned consumers. The number is 888-995-4673. They estimate receiving around 2500 calls a day, so expect to be on the phone for a while. The counselor will ask for information about your financial situation and make a determination, including eligibility to participate in the initiative. So before calling gather your mortgage papers, income verification and monthly expenses together so you will be prepared to answer their questions.
Home Owners are eligible if:
They are current and expect to stay current after the rate resets, but are looking to refinance.
They are current but face possible default after rate resents.
They are in default before their rate resets.
The initiative applies only to purchase-money mortgages, not home equity loans, and only to borrowers who secured financing during the height of the housing boom--Jan 1 2005 to July 31, 2007 and whose rate resets between Jan 1, 2008 and July 31, 2010. Lenders estimate there are 1.2 million borrowers eligible.
The counselors can help borrowers who don't meet eligibility for the initiative too. Income problems as a result of a job loss and unexpected expenses like a medical emergency cause people to fall behind.
Troubled borrowers who call the Hope Now number will find that their solution will depend on their situation. If you are able to stay current even with a rate reset Lenders may be able to take these borrowers through a fast-tract process into a more affordable loan.
Home owners who face default after a rate reset they may freeze the rate up to five years. To qualify they must be ineligible for refinancing, occupy the property as a primary residence and have a credit score of less than 660 that hasn't improved more than 10 percent since the loan was originated.
Real Estate Home Owners already in default - a loss-mitigation strategy, such as a short sale or deed in lieu of foreclosure, my be the solution. Under the mortgage debt forgiveness law signed by President Bush, borrowers who receive debt forgiveness as part of a loan workout over the next three years won't have to pay federal tax on the forgiven amount. Those who don't call in time may not be able to avoid foreclosure. If you are in default now, please call Real Estate Agent Evelyn Johnston, Short Sale Specialist to discuss your options at 574-304-7148 or email evelyn@evelynjohnston.com.

Top 10 Reasons To Hire A Real Estate Agent

With so much information readily available online, clients often ask me, "why should we hire a real estate agent" They wonder, and rightfully so, if they couldn't buy or sell a home through the Internet or through regular marketing and advertising channels without representation, without a real estate agent. Some do ok, many don't. So, if you've wondered the same thing, here are 10 reasons why you might want to consider hiring a professional real estate agent.

• Education and Training-You don't need to know everything about buying and selling real estate if you hire a real estate professional who does. Henry Ford once said that when you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person. For the most part, they all cost about the same. Why not hire a person with more education and experience than you? We're all looking for more precious time in our lives, and hiring pros gives us that time.
• Agents are Buffers-Agents take the spam out of your property showings and visits. If you're a buyer of new homes, your agent will whip out their sword and keep the builder's agents at bay, preventing them from biting or nipping at your heels. If you
• re a seller, your agent will filter all those phone calls that lead to nowhere from lookie loo's and try to induce serious buyers to immediately write an offer.
• Neighborhood Knowledge-Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction to where you can find more data on schools, crime or demographics. For example, you may know a home down the street was on the market for $350,000, but an agent will know it had upgrades and sold for $285,000 after 65 days on the market and after falling twice out of escrow.
• Price Guidance-Contrary to what some people believe, agents do not select prices for buyers or sellers. However, an agent will help to guide clients to make the right choices for themselves. If a listing is at 7%, for example, an agent has a 7% vested interest in the sale, but the client has a 93% interest. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.
• Market Conditions Information-Real Estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average square foot cost of similar homes, median and average sales prices, average days on the market and ratios of list to sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do.
• Professional Networking-Real Estate Agents network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency and competitive pricing. Agents can, however give you a list of references with whom they have worked and provide background information to help you make a wise selection.
• Negotiation Skills and Confidentiality-Top producing agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction, and because they are skilled. Its part of their job description. Good agents are not messengers, delivering buyers offers to sellers and vica versa. They are professionals who are trained to present their clients case in the best light and agree to hold client information from competing interests.
• Handling volumes of Paperwork-One page deposit receipts were prevalent in the early 1970's Today's purchase agreements are around 10 pages or more. That does not include the federal and state mandated disclosures nor disclosures dictated by local custom. Most real estate files average from one to three inches of paper. One tiny mistake or omission could land you in court or cost you thousands. In some states lawyers handle the disclosures, thank goodness!
• Answer Questions After Closing-Even the smoothest transactions that close without complications can come back to haunt. For example, taxing authorities that collect property tax assessments, doc stamps, or transfer tax can fall months behind and mix up invoices but one call to your agent can straighten out the confusion. Many questions can pop up that were overlooked in the excitement of closing. Good agents stand by ready to assist. Worthy and honest agents don't leave you in the dust to fend for yourself.
• Develop Relationships for future business-The basis for an agents success and continued career in real estate is referrals. Few agents would survive if their livelihood was dependent on consistently drumming up new business. This emphases gives agents strong incentives to make certain clients are happy and satisfied. It also means that an agent who stays in the business will be there for you when you need to hire an agent again. Many will periodically mail market updates to you to keep you informed and stay in touch.

How Long Should It Take You To Find What You Want?

Often, I show only one home, after all, how many homes does one family need? A few buyers will look for years, but buyers who do that are not motivated. A motivated buyer will find a home within two weeks. Most of my buyers, here in Elkhart County, Indiana, find a home within two days.

Good real estate agents will listen to your wants and needs and arrange to show you only those homes that fit your particular parameters.

How Many Homes Will You See?

Studies show that your memory dramatically improves after eating carbs and slows upon eating sugar. So, layoff the soft drinks and have a hearty meal of carbs before venturing out to tour homes. The average number of homes I show to a buyer in one day is seven. Any more than that, and the brain is overloaded. Therefore, don't expect to see 20 or 30 homes, although it is physically possible to do, you probably will not remember specific details about any of them.

The Red shoes Experience

Women will relate to this. say you need anew pair of red shoes. You go to the mall. At the first shoe store, you find a fabulous pair of red shoes. You try them on. They fit perfectly. They are glamorous, priced right too. Do you buy them? Of Course Not! You go to every other shoe store in the mall trying on red shoes until you are ready to drop from exhaustion! Then you return to the first store and buy those red shoes. Do not shop for a house this way. When you find the perfect home, buy it!

How To Rate Inventory

• Bring a digital camera and begin each series of photographs with a close up of the house number to identify where each group of home shots started and ended.
• Take copious notes of unusual features, colors and design elements.
• Pay attention to the homes surroundings. What is next door? Do 2 story homes tower over your single story?
• Immediately after leaving rate each home on a scale of 1 to 10, with 10 being the highest.

View top choices a second time. After touring homes for a few days, you will probably instinctively know which one or two homes you would like to buy. Ask to see them again. You will see them with different eyes and notice elements that were overlooked the first go around.

At this point, your agent should call the listing agents to find out more about the sellers motivation and to double check than an offer hasn't come in, making sure these homes are still available to purchase.

Making the Selection

I'll let you in on a little secret. I generally know which home a buyer is going to choose, and I suspect most other agents operate the same way. Its our intuition, but I make a practice not to steer buyers, and I insist buyers choose the home without interference from me. Its not my choice to make.

Real Estate Agents are required, however, to point out defects and should help buyers feel confident that the home selected meets the buyers search parameters.

Talk to you again soon!

Evelyn Johnston

Prudential One Realty

574-304-7148

evelyn@evelynjohnston.com

Husband Pleasing Desert

This is a fantastic easy to make desert! You will love it!


1/2 C. margarine
1 C all purpose flour
1 8oz pkg cream cheese-room temperature
2 C. non dairy whipped topping, divided
1 3.4 oz pkg. instant chocolate pudding
1 3.4 oz pkg. instant vanilla pudding
2 C. milk
1 C. chopped pecans
1 C. powdered sugar

Prehead oven to 325 degrees. Melt margarine and combine flour and pecans. Mix well and pat into bottom of a 9" X 13" pan. Bake for 20 minutes, let cool. Combine cream cheese, powdered sugar and 1 cup of non dairy whipped topping. Spread evenly over cooled baked crust. Combine instant pudding mixes with 2 cups milk according to package directions. Spread over cream cheese layer. Spread remaining non dairy whipped topping over pudding layer. Chill throughly before serving. May garnish with shaved chocolate. Makes 16 squares.

Enjoy!

Evelyn Johnston
Prudential One Realty
Real Estate Agent
574-304-7148

How To Find The Right Home

Just because you may feel restricted by price ranges-especially if this is your first or second home purchase-don't let anyone tell you that you can't afford to be choosey when looking for a home to buy! You are unique. You have desires and needs, hopes and dreams for your new home that are different from your parents, friends or coworkers, okay? Your local Real Estate Agent will be a good source to help you find homes for you to look into. So lets get busy defining these homebuying parameters and writing them down.

Location and Neighborhood

Suburbs or Country

• 
  
  Pros: Generally less expensive. Often newer. Tract homes and conforming. More home for the money.


• 
  
  Cons: More time in traffic if driving to town for work. Further away from entertainment options cities have to offer.

Urban

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  Pros: Closer to many employers, walking distance to theatres, restautants, schools. Many period homes offer more distinctiveness in styles.


• 
  
  Cons: Often nosier, higher crime rates, more expensive.

Busy Streets

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  Pros: Often homes on streets with more traffic are thousands of dollars cheaper. If noise doesn't bother you, don't pass up homes on busy streets. Drive by at different times of the day/week to ascertain noise levels.


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  Cons: These types of homes will always sell for less than others in the same area. If bedrooms are located near the front of the home, sleep may be disturbed.

Cul de Sac

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  Pros: Number One choice of buyers with children.


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  Cons: Less privacy, neighbors know more about you.

Corner Lots

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  Pros: Often larger lots, fewer neighbors, more visability.


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  Cons: More traffic noise. More vulnerable to vehicles jumping the curb. Kids might tresspass at the corner. More sidewalk to shovel in Winter.

Single Family

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  Pros: Good appreciation. Opportunity for gardens. More privacy. Quieter.


• 
  
  Cons: More expensive than our next catagory. More maintenance.

Condos, Townhouses, Cooperatives

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  Pros: Less expensive than comparable single family homes. Generally newer so fewer repairs. Lock-n-Go lifestyle. No yard or exterior maintenance.


• 
  
  Cons: Less privacy. Noiser, Common walks and/or floors and ceilings. Sometimes no private yard or balcony.

Number of Stories

Single Story

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  Pros: Easy wheelchair access. Some medical conditions such as bad knees make it hard for certain individuals to climb stairs. Easier to clean.


• 
  
  Cons: Can be noiser if stereos or TV's are located on same floor as bedrooms. Some people feel safety is compromised if bedrooms are at ground level. More of the lot is absorbed by living quarters.

More Than One Story

• 
  
  Pros: More living space on same foundation than a ranch home. Less noise if entertaining on a lower level while other family members sleep upstairs.


• 
  
  Cons: More trips up and down the stairs to carry stuff to bedrooms. If laundry rooms are on the second floor, washer leaks are major. Might need dual vaccuum cleaners. It is difficult to maintain consistant temperatures on each level without dual heating and cooling units.

Split Levels

• 
  
  Pros: Often less expensive if purchased with lower level unfinished. Higher ceilings are appealing. Downstairs family room seperates noise levels from upstairs. More square footage on same size lots as ranch homes.


• 
  
  Cons: Less storage space. Hassle to take trash downstairs and carry groceries upstairs or vice versa. Kitchens tend to be smaller.

Interior Specifications

Number of Bedrooms

• 
  
  Pros: Common minimum requested configurations are 3 bedrooms. Newer parents prefer bedrooms on one level.


• 
  
  Cons: 2 bedrooms appeal primarily to first time home buyers, singles or seniors. However, don't discount a two bedroom if an extra den will satisfy your space requirements.

Number of Bathrooms

• 
  
  Pros: More than one bathroom is preferred by most people. One bathroom homes are generally less expensive.


• 
  
  Cons: Don't pass up a one bath home if there is room to add a second bath. Sometimes it costs less to put in an extra bath than it doess to buy a two bath house.

Square Footage

• 
  
  Pros: Larger spaces offer more room and cost less per square foot than smaller spaces.


• 
  
  Cons: Don't be mis-lead as lay-out is more important than actual square footage. Sometimes well designed smaller spaces appear larger.

Bonus Room

• 
  
  Pros: Extra space for media rooms, art studios, children's playrooms, gyms, den/study.


• 
  
  Cons: More expensive.

Garages

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  Pros: Cheaper to build. Convenient if raining or snowing.


• 
  
  Cons: Higher noise levels inside the home from cars. Some people feel they are an eye sore. If the garage door to the house self-locks, you could get locked out at an inopportune time.

Detached

• 
  
  Pros: Can be tucked away from sight lines. Quieter.


• 
  
  Cons: More expensive to build. Farther to walk or carry things in god or bad weather.

Additional Considerations

• 
  
  School Districts


• 
  
  Special Amenities i.e. fireplaces, pools, spas


• 
  
  Condition of Plumbing or electrical


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  Condition of heating and cooling units


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  Available Utilities i.e. cable, DSL or satellite


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  Sewer, cesspool or septic connections


• 
  
  Fixers-If you're handy with tools, you might save a lot of money if you consider homes that need minor improvements, fresh paint or new carpeting.

Nest posting will be about how long it should take for you to find the home that is right for you!

Talk to you again soon!

Evelyn Johnston

Prudential One Realty

Real Estate Agent

evelyn@evelynjohnston.com

574-304-7148

You Should Buy A Home, Right?

Just Married and everyone is saying you should own your home! That's what you've been hearing from family and friends, right? You should own your own home...or should you? Let's weigh the benefits and see if buying is for you...

1) Pride of ownership is the #1 reason why people yearn to own their own home. It means you can paint the walls any color you want, turn up the CD volume, attach permanent fixtures and decorate your home according you your own taste. Home ownership gives you and your family a sense of stability and security. It is making an investment for your future.

2) Appreciation. Although real estate moves in cycles, sometimes up, sometimes down, over the years, real estate has consistently appreciated. The office of Federal Housing Enterprise Oversight tracts the movements of single family home values across the country. It's House Price Index breaks down the changes by region and metropolitan area. Many people view their home as a hedge against inflation.

3) Mortgage Interest Deductions. Home ownership is a superb shelter and our tax rates favor home ownership. As long as your mortgage balance is smaller than the price of your home, mortgage interest is fully deductible on your tax return. Interest is the largest component of your monthly mortgage payment.

4) Property Tax Deduction. IRS publication 530 contains tax information for first time home buyers. Real Estate property taxes paid for a first home and a vacation home are fully deductible for income tax purposes.

5) Capital Gain Exclusion. As long as you have lived in your home for two of the past five years, you can exclude up to $250,000 for an individual or $500,000 for a married couple, of profit from capital gains. You do not have to buy a replacement home or move up. There is no age restriction, and the "over 55" rule does not apply. You can exclude the above thresholds from taxes every 24months, which means you could sell every two years and pocket your profit subject to limitation-free from taxation.

6) Preferential Tax Treatment. If you receive more profit than the allowable exclusion upon a sale of your home, that profit will be considered a capital asset as long as you owned your home for more than one year. Capital assets receive preferential tax treatment.

7. Mortgage Reduction Builds Equity. Each month, part of your monthly payment is applied to the principal balance of your loan, which reduces your obligation. The way amortization works, the principal portion of your principal and interest payment increases slightly every month. It is lowest on your first payment and highest on your last payment. On average, each $100,000 of a mortgage will reduce in balance the first year by about $500.00 in principal, bringing that balance at the end of your first 12 months to $99,500.

8. Equity Loans. consumers who carry credit card balances cannot deduct the interest paid, which can cost as much as 18% to 22%. Equity loan interest is often much less and it is deductible. For many homeowners, it makes sense to pay off this kind of debt with a home equity loan. Consumers can borrow against a home's equity for a variety of reasons such as, home improvement, college, medical or starting a new business. Some states restrict home equity loans.

So now you know, home ownership is the best decision for you. You are focused and certain. Good. Next time we will define search parameters!

Talk to you soon,

Evelyn Johnston
Prudential One Realty
Real Estate Agent
evelyn@evelynjohnston.com
574-304-7148

Congratulations on Your Marriage!

This is the beginning of a very special time in your life, just married! The Wedding is over and now it is time to get on with the Happily Ever After! Where do you begin? Most Newlyweds spend more money in the first year of marriage than settled marrieds spend in five years, according to a recent survey. There is furniture to buy, kitchen staples, automobiles, sheets and towels and a home to put it all in. That home is my specialty! I am a Real Estate Agent and I help take the stress out of the process! Call me at 574-304-7148 to talk about your options as a first time home buyer and the types of mortgages available just for you!