Wednesday, April 24, 2013

Weekly Rate and Real Estate Update, 4.24.13

Selling, buying and listing oh my!

Dan’s activity this week:

After much delay, that pesky inspection if finally wrapped up!  The seller’s asked for an extension to allow some contractors time to come out and give estimates.  In the end they are fixing all the issue to a tune of over $6000 so my buyers are happy, it just is close as we close next Tuesday!

My clients who purchased their home two weeks ago listed their home and it sold in 8 days!  So the buyer’s inspection is scheduled and we’ll be dealing with their response soon.

Wow, the closing from last week was eventful!  Nothing bad, just my client was in Chicago for business and left at 11am for our 4pm closing in Carmel.  Well many of the Chicago interstates were actually flooded!  With one lane open, it took her 4 hours to go 5 miles…so she wasn’t going to make the closing.  So I thought if her husband (who isn’t on the title) could get a Power of Attorney he could coming to closing and sign for her.  All good but she needed a notorized POA and she was driving down I-65!  So I had the title company find an afflicate title office in West Lafayette…she detoured there and signed the POA with about 15 minutes to spare, they faxed it down to Carmel, her husband made it in time and we closed the deal! 

Monday’s closing took all of 20 minuets!  This was the home being purchased by the Californian investor.  Great thing is all the buyer’s paperwork gets signed days in advance so my clients only had to sign a few documents and they are homeless!  No worries, we close on their home next Tuesday, the same clients who we just settled the inspection response with from above.

Another buyer, the one buying the renovated 1920 home in Indy, and I had a walkthrough, early.  We are closing a week from Friday but she is out of town for a conference.  The seller’s have a few things to do, clean, mow, etc but everything is looking good for that deal as well.

I’m taking out another buyer this Friday afternoon in hopes for finding her and her family a great home!  Again, they are ready to move out of her parents’ home.

Late last week I got two calls.  Both calls were from families looking to sell and upgrade, that’s 4 transactions!  What a blessing.  I’ve meet with both and I’ll be signing the listing contract with one of them next Tuesday to go on the market 5/7!  The other clients are getting their preapproval together so that they can see a clear picture of what their new home and the entire process entails. 

Finally, just at noon today, one of my clients accepted an offer on their property.  The second of my client’s parents passed away late last year and so it will be good to get this part of that process completed.  It’s an older home in Indy and it really hadn’t been maintained the last few years.  The inspection could be interesting to say the least.  Right now I’m just glad we got a good offer that worked out to this point.

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.64 percent to 3.61 percent for the week ended April 17, according to The rate for 15-year mortgages fell from 2.89 percent to 2.85 percent.

Wednesday, April 17, 2013

Weekly Rate and Real Estate Update, 4.17.13

Tax Day is behind us, let the market pickup again…

Dan’s activity this week:

So one of those inspections from last week is all wrapped up while we sent over the other inspection response to the seller’s and will hear back Friday!  I know the radon is high and there are other items to address so it will be interesting to see what they will be willing to correct or pay to have corrected.

That appraisal that we were waiting on came back and we are all OK!  Thank goodness, that could have really thrown a wrench in the works.  So we are passed inspection and appraisal on that sale and now to wait on closing in late May!

The walkthrough and closing from last week went off without a hitch!  Now to sell their current home!  We had 4 showings over the weekend with two of those buyers expressing interest and a second showing tonight…it would be great to sell it this week!

The closing tomorrow is on track, all that’s left is the final walkthrough and for me to get the lockbox off the home.  My newly married clients will be happy to be down to only 1 home!

Another closing next Monday, the sale of my clients home to the investor out of California buying 10,000 homes across the USA!  That’s the second home I’ve sold him…maybe another one in the works too!  Those same clients are then scheduled to buy a home closing on April 30.  That same week, I have yet another closing for a client who is buying a home down in Indianapolis.  It is a fully renovated home that was built in 1920 and it looks great.  It still has lots of character.

The Swedish family is still contemplating one of the homes we saw a week ago.  Also, the Chicago retirees came in town unexpectedly.  The drove by 18 potential homes and ruled out 17 of them!  So we saw the one remaining…and that also go ruled out…good thing they haven’t sold their place in Illinois yet.  Last, yesterday I went back out with my local family needing to buy soon…you can only live with your parents so long right?

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.73 percent to 3.64 percent for the week ended April 10, according to The rate for 15-year mortgages fell from 2.95 percent to 2.89 percent.

 Call or email me here to start your home sale or purchase process, 317.910.4293

Wednesday, April 10, 2013

Weekly Rate and Real Estate Update, 4.10.13

Spring Break is over, people’s focus are back…now list your homes!

Dan’s activity this week:

Inspections this week two for my clients selling and buying and another for a client selling!  First report isn’t too bad, radon is high so we’ll need to install a radon mitigation system. 

Home that we received a second offer from the buyers has been accepted!  We’ve already had the inspection referenced above.  Seems like it should work out and then on to appraisal!

This evening I have a final walkthrough with my buyers who close tomorrow afternoon and a showing for my other client whose home we recently sold.

My closing for the 18th is looking great; the buyer’s mortgage company already has their documents to the title company! 

Two new listings came on yesterday.  One is the home of the clients that close tomorrow and the other is an investment home of a client who will be selling their home next year.

I’ve got 3 other buyers out looking as well.  The Swedish family, the Chicago retirees and a local family whose home I sold 2 months ago…come on good houses…where are you?

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.75 percent to 3.73 for the week ended April 3, according to The rate for 15-year mortgages fell from 2.97 percent to 2.95 percent.

Monday, April 8, 2013

April 2013 "Color of the Month"

Each month we highlight HGTV's "Color of the Month".  Many of us are looking for ways to make changes around the home and what better way than to use suggestions, pictures, and color input from industry leading pros at HGTV who know homes inside and out!  
Watch monthly as we put our spin on their info and pass it on to you!

April's Color of the Month is:


What a great color for spring!  We suggest using it on walls, rugs, bedding, accents or do you even dare to put it on furniture?  In the right setting, it's quite possible!  The best part of this color is how it pairs so nicely with other vibrant colors.  The sky's the limit with this one!  

Visit a Pinterest Raspberry Board HERE!

Friday, April 5, 2013

Foreclosure Friday, 4.5.13

Times are hard and many people have lost their homes due to the challenges in the economy. "Foreclosure Friday" is our way of bringing awareness to the availability and potential of distressed properties in the Central Indiana area. Buying a distressed home, whether if it's in Short Sale or already Bank Owned, is a great way to help stimulate the economy.

Here Are A Few Of Our Reasons Why:

-Sellers/Banks are able to depart from their current home
-Jobs are created for REALTORS®, Contractors, and Suppliers
-Neighborhood home values can be regained
-Buyers may get a positive equity position
-Lonely homes get happy homeowners!

Our short list of distressed properties below are currently active on the market in the Indianapolis area. DM Irish does not own, nor have these properties listed, but rather is being a resource for what's available to purchase.

Stay tuned as we pass along homes in the area that might be a good match for you!  Need more info on one that catches your eye or want helping searching for any home in the area?

Home A

    Noblesville, Hamilton Southeastern Schools, Foreclosure, built in 2006, 3338 sf two story, with a 1255 sf unfinished basement, 4 bedrooms, 2 full baths, 1 half bath, oversized 3 car garage, 0.31 acres, it has been on the market for 173 days, this home has a concrete patio out back, a fireplace in the family room, the master bedroom has large additional sitting area.

 Home B

  Carmel, Carmel Clay Schools, Foreclosure, built in 1997 this home has 2838 sf above ground and a 1116 sf in the unfinished basement, 4 bedrooms, 2 full baths and 1 half baths, .58 acres, 2 fireplaces, 3 car side load garage, open floor plan in this custom built home, there was mold in the basement but the listing says it’s been gutted and cleaned, there is a large deck that runs the entire length of the home, this home has been on the market for 2 days.

 Home C

       Noblesville, Hamilton Southeastern Schools, Foreclosure, 2414 sf, with a 1127 sf finished basement, 4 bedrooms, 2 full baths and 1 half bath, 2 car front load garage, 0.19 acres, 1 gas fireplace in the Family room, now on the market for 3 days, all the bedrooms are on the upper level, the bank has put in new floors and painted

 Home D 
  Fishers, Hamilton Southeastern Schools, Foreclosure, 2292 sf on a slab foundation, 3 bedrooms, 2 full baths and 1 ½ bath, 2 car side load garage, .30 acres, 10’ ceilings, a 3 way fireplace, this bank has also put in new carpet and painted and new appliances, the home has been on the market for 13 days  

Home E
     Carmel, Carmel Clay Schools, Foreclosure, Foreclosure, home was built in 1970, 1689 sf on a 730 finished basement, 4 bedrooms, 2 full baths and 1 half bath, .75 acres, 2 car garage, home has a fireplace in the Family room and Living room, hardwood floors, this home will need some work, lots of panel siding that probably needs to be painted or replaced with drywall, the home has been on the market for 8 days.

 Home F
 Fishers, Hamilton Southeastern Schools, Foreclosure, built in 2005 this home has 2311 sf above ground and 1187 in the unfinished basement, 4 bedrooms, 2 full baths and 1 ½ bath, lot is .17 acres, 2 car front load garage, no fireplace, the kitchen has an island and stainless steel appliances, the home sits on a pond, the home was listed today!


Wednesday, April 3, 2013

Weekly Rate and Real Estate Update, 4.3.13

Rates are great and I’m ready for more…

Dan’s activity this week:

The client’s whose house was bought by the Californian investor have also found their next home to buy and we have an accepted offer!  So far both the sale and purchase of homes for this client has been very smooth and they are very excited.

The other listing that we received the second offer from the same buyers last week did work out!  We have another SOLD…now on to the inspection, which is Friday. 
This deal is a little precarious; it feels like each party is almost looking for a reason for it to fall apart…to be continued…

Those two responses on my buyer’s inspections both worked out.  I also know that one of the appraisals come back OK so that is pretty much set to close next Thursday!  The other deal doesn’t close until early May so there may be some more time on this one.

One of my listings that has an accepted offer and had passed inspections early also just found out that the appraisal came back good.   We were a little anxious as our sold price/sqft was at the top of the neighborhood.  That is due to close 4/18.

The activity on my other listings is good, just need to get the right buyer’s through the doors!

I’m also prepping two new listings that will go on the market next Tuesday, April 9th so that will give me a couple more to sell but I could still use a bunch more.  I’ve got plenty of capacity to handle more listings and I just need a bit more consistency before hiring my first assistant. 

Another piece of good news, I got a lead off my website last week and have been out with these new clients from Sweden a few times.  I think we’ll find a home for them soon but the real reason I mention it is that when we met I asked how they found me.  The wife said she had seen my family ad in the Hamilton County Family magazine.  I've been advertising in that new publication since it started about a year ago and have my first concrete client from it.  Almost any type of advertising, web, mail, print, etc always takes a year of consistent marketing before you start to obtain solid leads.  It was the same way with my community blog, Indy Family Resources.

         Rates for the week
From the IBJ... The average rate for 30-year mortgages fell to 3.75 from 3.78 percent for the week ended March 27, according to The rate for 15-year mortgages was unchanged at 2.97 percent.