Dick and Sue Cole, REALTORŽ, real estate agents and broker for Warsaw and Winona Lake Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

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Here you can find great information on Warsaw, Winona Lake, Indiana Real Estate Plus Winona, Chapman, Tippecanoe & other Area Lakes!

2009 HOMEBUYER TAX CREDIT IMPORTANT FACTS BELOW

Looking for homes? From luxury lakefront properties to conventional homes or vacation lake homes, you can search everything the web has to offer, right here! Don't miss our Feature Homes.

Need local real estate information? We've summarized much of what is important about the Warsaw, Winona Lake and the many area Lakes lakefront properties and channel front lake homes in this site.

Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even ours! This site is filled with ways that you can contact us for 1-on-1 expert help and advice. That's our job.

Contact us with confidence! We guarantee your privacy will be respected. And we offer the services on this site for free and without obligation. Why? We want to be YOUR Realtors. As your trusted, professional real estate partners, we will help you find the best home in your area within your price range. And together we will sell your home, for as much as the market will bear, and as quickly as possible.

Buying and selling a home is one of the biggest events in your life. As top Warsaw and Winona Lake Realtors, we have the experience and track record you are looking for. It would be our pleasure to help.

- Dick & Sue Cole

Time is Running Out!

Home Buyer Tax Credit Expanded & Extended*
to April 30, 2010

* First-time & repeat buyers now eligible for $6,500 - $8,000 tax credits.

10 Important Facts about the Homebuyer Credits

IRS Special Editions Tips 2009-13

Here are the top 10 things the IRS wants you to know about the expanded credit and the qualifications you must meet in order to qualify.

1. You must buy or enter into a binding contract to buy a principle residence on or before April 30, 2010.

2. If you enter into a binding contract by April 30, 2010, you must close on the home on or before June 30, 2010.

3. For qualifying purchases in 2010, you will have the option of claiming credit on either your 2009 or 2010 return.

4. A long-time resident of the same home can now qualify for a reduced credit. You can qualify for the credit if you have lived in the same principle residence for any five-consecutive year period during the eight-year period that ended on the date the new home is purchased and the settlement date is after November 6, 2009.

5. The maximum credit for long-time residents is $6,500. However, married individuals filing separately are limited to 43,250.

6. People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2010. The full credit is available with modified adjusted gross incomes up to 4125,000, or $225,000 for joint filers.

7. The IRS will issue a December 2009 revision of Form 540S to claim this credit. The December 2009 form must be used for homes purchased after Nov. 6, 2010, whether the credit is claimed for 2008 or for 2009, and for all home purchases that are claimed on 2009 returns.

8. No credit is available if the purchase price of the home exceeds $800,000.

9. the purchaser must be at least 18 years old on the date of purchase. For married couple, only one spouse must meet this age requirement.

10. A dependent is not eligible to claim the credit.

For more information about the expanded First-Time Homebuyer Credit, visit IRS.gov

School Reports in Warsaw and Winona Lake, Indiana

"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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Indiana Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Warsaw and Winona Lake

Pricing >Value Added Features

A recent study conducted by the National Center for Real Estate Research evaluated the features of a home based on what each contributes to the selling price.

According to the study, the feature that can most dramatically increase the value of a home is an additional full bathroom, upping the selling price by a remarkable 24 percent. Installing an extra half-bath can add 15 percent to the selling price. A garage, a fireplace and a central air conditioning unit each add a little more than 12 percent to the home's market value. A laundry room located on the main floor of the home increases its value by 15 percent, while a basement laundry room can potentially reduce the home's overall value. Homes with raised or vaulted ceilings sell for 6.2 percent more than identical homes with standard ceilings. Each extra bedroom increases the price by 4.1 percent. A family room adds 7.3 percent, and a dining room is worth 6.2 percent. A view of the water adds 7.8 percent, but a golf course view is better at 8.1 percent. A home built on the waterfront is worth 18 percent more than the same home in a landlocked location.

Every real estate market is different, so consult your real estate agent regarding the resale value of your home's special features.

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Q	What celebrity home sold recently for a reported $5.5 million, despite its yellow-and-rust striped paint job?
A	This Hollywood Hills residence was the former home of the popular singer, Madonna.
See More Real Estate Trivia >

Welcome! Here you can find great information on Warsaw, Winona Lake, Indiana Real Estate Plus Winona, Chapman, Tippecanoe & other Area Lakes!

2009 HOMEBUYER TAX CREDIT IMPORTANT FACTS BELOW

Welcome!
Here you can find great information on Warsaw, Winona Lake, Indiana Real Estate Plus Winona, Chapman, Tippecanoe & other Area Lakes!