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    What Do You After You Find Your Home

    After you find the home, there are several things that you need to know. 

    • 30 days after closing you will need to file at the county assessor's office for homestead and mortgage exemption.  This will reduce your property taxes.  The reasons why you have to wait 30 days is to allow time for the home to be recorded in your name. 
    • When you file your taxes, do not forget to file itemize your deduction so that you can file mortgage interest (you will receive a 1099-interest from your mortgage company) and real estate taxes.
    • Please take your HUD-1 with you when you file your taxes, as well, because some of your settlement closing is a write off as well.
     

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You can find great local Hammond, Indiana real estate information on Localism.com Serena Brown is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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