• I want to buy a house but I don't know if I'll qualify for a mortgage. What should I do?
• Should I hire an inspector once my offer has been accepted on a house?
• I don't understand anything about property taxes. Can you explain them to me?
• Do you have any rental properties that my family and I can use for vacations?

I want to buy a house but I don't know if I'll qualify for a mortgage. What should I do?

Contact a local bank or mortgage broker to schedule a meeting. They will work with you to pre-qualify you for a loan. The amount they determine, based upon your income and debt, will assist you in looking for your perfect home in your price range. For assistance in finding a local bank, please contact us today.

Should I hire an inspector once my offer has been accepted on a house?

We highly recommend contracting a certified home inspector. They will work on your behalf to test all mechanicals in the home and check all appliances, plumbing fixtures, electrical items, and structural elements. It will not only be a safeguard to ensure that your new home is free of major defects, but it will also be an education for you. You'll get a better idea of how everything works, the lifespan of many major items, and an overall feel for the new house. For assistance in finding a contractor, please contact us today.

I don't understand anything about property taxes. Can you explain them to me?

These are expenses that are tax deductible; your accountant will help you with this. Indiana real estate taxes are paid in arrears - that is, 2003 is due in 2004, and 2004 will be due in 2005. Indiana also allows exemptions to the homeowner, which will give you a discount on your taxes if you apply for them. After you purchase a home, you will need to visit the County Treasurer's office to apply for these exemptions. If it is your full-time year-round residence, you qualify for a homestead exemption. If you hold a mortgage on the property, you can obtain a mortgage exemption.

Do you have any rental properties that my family and I can use for vacations?

Although Micky Gallas Properties doesn't handle short-term rentals in the beach area, we are a great source of information regarding these properties. Everyone on staff is very familiar with the beach area and will gladly point you in the right direction. Please contact us today for further assistance.

From time to time, we are contacted for long-term, year-round rentals from out-of-state owners. We can also help you with these if you are looking for sources. More details can be found in the Rentals section of this web site or by contacting us.

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