Expert Local Information for Warsaw and Winona Lake, Indiana Provided by Dick and Sue Cole

Located in the Northern Indiana lakes region along the historic Lincoln Highway, Warsaw was twice named as one of the "Top 100 Small Towns in America". Warsaw & Winona Lake are adjacent to each other with a population of approximately 24,000. Our motto is "Live, Work and Play." High-tech clean-air industry plus strong agriculture regions contribute to the strong economic atmosphere we enjoy. On the cutting edge of technology, Warsaw is the "Orthopedic Manufacturing Capital of the World." Host to the largest printing presses in the world, the world's largest manufacture of projection screens and home of the famous CoCo Wheats breakfast cereal. Yet despite its industrial diversity and manufacturing excellence, Warsaw is surrounded by one of the strongest agricultural economies in the state of Indiana.

Our adjacent neighbor, the town of Winona Lake is situated Winona Lake lakefront and undergoing massive restoration of turn-of-century buildings. Known as the "Village at Winona", this multi shop Artisan District offers an array of artwork, pottery, famous Warsaw Cut Glass and gourmet delights from the French Deli to Sweet Dreams Ice Cream Shop. New waterfront restaurant scheduled to open soon providing customer boat dock parking.

Recreation areas abound in Warsaw and Kosciusko County…with over 100 lakes, ranging from the state's largest to the state's deepest! Warsaw itself has three lakes (Winona, Center & Pike) within the corporate limits, offering every form of water sports.

The new CCAC - City County Athletic Complex, is located on the West Side of Warsaw where over 3,000 softball and soccer games are played each year. Our Park Dept. offers an array of beautiful parks and beaches. Construction of our new Million Dollars plus Bicycle Path is scheduled to begin soon, with completion early 2001, connecting many recreation sites and other points of interests. The Wagon Wheel Playhouse, a theatre in the round, hosts concerts and plays throughout the year. In addition, our new Center Lake Park hosts various music festivals with nationally know recording stars performing. Golf or Tennis is popular throughout the area, Warsaw Racquet Club offers traveling tennis and racquetball leagues and more than 20 golf courses are located within 45 minutes of Warsaw.

Closing or Settlement >Net Sheet for Sellers

When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.

A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

	See All Tips In The "Closing or Settlement" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	How much does a celebrity's name boost the price of a property?
A	Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
See More Real Estate Trivia >

About the Warsaw and Winona Lake, Indiana Area