Two Types of People in the World

New Listing in Schererville's Eagle Ridge Estates. $333,999
2234 Cowan Ct

https://www.coldwellbankerhomes.com/in/schererville/2234-cowan-court/pid_24083519/

Spacious Ranch style home with a Very nice walk out lower level in Eagle Ridge Estates. Home is in a low traffic cul-de-sac with a pie shaped lot, which opens out to a large yard. The kitchen has an Island, Bay window, Pantry closet, Ceramic back splash & a large Dining area that overlooks the large deck & beautiful yard! Main level laundry room & formal dining room w/ Tray ceiling. Main level Master bedroom w/ whirlpool tub, double sink vanity & walk in closet. The lower level has 3 bedrooms, a family room, Bonus room & a full bath. Great for related living or teens! Lower level covered Patio. 75 gallon water heater. 2.5 car attached garage.

Haven't Seen a Better Time to Sell than Now

This is a really good market if you are thinking of selling....Illinois or Indiana.

Home Prices are up due to demand and if your Home has been cared for with some updates, you will get top dollar!

Purchasing a Home in a hot market can be challenging. Nice homes in this type of market usually sell quickly. But.....
The good news is buying another home now will most likely be a great investment as Prices are on the rise.

Interest rates are still historically low.
If you're thinking about selling.  Now is the Time. 

Call us. We'll be happy to go over everything with you. For Example:

* What you need to do to get your home ready to sell without spending a fortune.

* What your net proceeds will be that you can apply towards your next purchase.

* How the Selling and Buying Process works. We do this all the time. We have answers to all your 
   questions.

* You can be sure there is no pressure from us. We don't do business that way.
   We give you the  answers, you make the decision!

* Our Main Goal is to sell your home for the most money possible. We market to reach all 
   prospective buyers looking in your price range and area. The more buyers our Marketing reaches, 
   the better the chance of selling your home for top dollar!

* Visit our website to review our marketing plan or just call us. www.Cathyhiggins.com

Concerned that my Home Sold for Over Asking Price

Question: I'm selling my home in a great area. We had many offers and the one we took was $20,000 over the asking price. The buyers are putting in a lot of cash and are only financing $100,000 of the $600,000 sale price. We're afraid that our house will not be worth that much, but does the lender care?

Answer: Lenders care very much about value and risk. They will make a loan based on the sale price or the appraised value, whichever is less. If a buyer wants to pay more, that's okay -- as long as the additional price is not paid with lender funds.

Appraisal problems are not common, but they do happen. When Realtors look at comparable properties that have sold, they also do a little give and take. Compared to the similar homes, the subject home may have more land, more updates, more square footage, etc. This is how a higher asking price is justified. Obviously, the buyer agrees, because he has accepted the sellers selling price. An appraisal is not an exact science, it is more of an art, or opinion of the appraiser, based on what he has seen with comparable properties that have sold.

In your case, you have a home selling for $600,000 and a borrower who is putting up $500,000 in cash. The lender is providing $100,000. The lender wants to be certain that in the event of foreclosure the property has sufficient value to re-pay the loan.

In this case, even if the property sold at a 75 percent discount from the sale price, there would still be enough value to re-pay the lender. From the lender's perspective, this is a loan situation with virtually no risk because there is so much equity in the property -- that $500k put up by the purchaser.

Why Does February have 28 Days?

February is a terrible month. By the time it arrives, we’re sick of the cold, sick of our winter clothes, and in many cases, just plain old sick. Fortunately, it’s a short month—just 28 days. But why?

Turns out, it’s not because everyone in the history of the human race has hated February. The month’s quirky timing dates back to the 10-month Roman calendar, which began in March and ended in December. That’s right. For a while, January and February didn’t even exist. To the Romans, who made their lot by planting and harvesting, winter was a nameless, dateless slog. For part of the year, there was literally no system for keeping track of the days.

By the time the second king of Rome took the throne around 750 BC, the Romans decided to add two more months to their year in order to sync their calendar more accurately with the 12 lunar cycles. Those two months—January and February—had 28 days each, until the king decided to add an extra day to January to make the year 355 days long. Even numbers were considered unlucky at the time, and a 354-day year was unacceptable.

The calendar still had its flaws. Following the lunar cycle worked well for a few years, but soon the seasons became out of sync with their typical months. To fix it, the Romans added a leap month called Mercedonius. Rome’s high priests would decide when the month would arrive, and no one else in the city could keep track of what day it was. As you might have guessed, this was a nightmare.

When Julius Caesar took power, he reconfigured the entire thing again and aligned the length of the year with the sun, so that each year would add up to 365 days. For some reason, he left February at 28 days.

And you know what? We totally agree with that arbitrary decision. February should always be as short as possible; no one likes it that much anyway. 

How a Small Increase in the Interest Rate can Affect your Finances (Choose Full Screen for best viewing)

Just Listed! Sprawling Ranch on a huge lot, Located on a quiet Cul De Sac.
7896-82nd Ct, Crown Point  (Cline Ave & 82nd Ct)

https://www.coldwellbankerhomes.com/in/crown-point/7896-west-82nd-court/pid_21252220/
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