Wednesday, May 22, 2013

Weekly Rate and Real Estate Update, 5.22.13

Thankful for Memorial Day coming up!

Dan’s activity this week:

I’m looking forward to attending yet another Indy 500 with my friends.  An annual gathering with tailgating, BBQ-ing, and male bonding!  I’m also looking forward to a day off…so far no one has me scheduled and I’d like to keep it that way.

So slap me silly I didn't post last week.  My apologies let me try to catch you up.

My clients whose home we sold in 8 days had a low appraisal that we have worked through and is still on track…yea!!!

My other buyers who were buying the home with the chimney that needed work came down to the wire but each side made some compromises and the deal got done.   They are very excited to finally get a place of their own back and move out of the temporary living at their parents’ home.

The newer listing of the town home in West Carmel has had brisk activity.  We've had a second showing and I feel it will sell in the next week or so.

Those same clients and I were out looking at another round of homes to buy just this evening.  We found one that would work but we’ll keep looking in case there is something better.

Since my last update I’ve secured a new buyer and 3 new listings that will come on the market next week!  Two of listing clients will also be buying a new home with me.  So I procured 6 new transactions in a week and a half. 

I also have another appointment on Friday with another potential client who might use me to sell their home as they are moving out of the country.  The lead that came out to me at my son’s football game is moving forward as well.   I got them hooked up with my finance guy and we are working to get them cleared so I can list their home and they can buy a move-up home! So I’m intently working 3 more deals.

Lastly, I had an interesting closing today.  I’ll only say it was my first closing where the buyers and sellers were closed in separate rooms.  The end game…the home changed ownership, the goal for each party.
   Rates for the week
From the IBJ... The average rate for 30-year mortgages rose from 3.60 percent to 3.71 percent for the week ended May 15, according to The rate for 15-year mortgages rose from 2.82 percent to 2.92 percent.

Wednesday, May 8, 2013

Weekly Rate and Real Estate Update, 5.8.13

Rates and Home Inventory are low, low…

Dan’s activity this week:

So the closing that was supposed to close last Tuesday that had the “shadow” on the wall did close on Friday!  We cut a 2’x2’ square out of the eating area and the “shadow” was indeed stains from cat urine.  While I’m glad it wasn't mold…I do not want to meet the cat(s) that made that mess…let’s just say the smell was ripe.

The recent listing that sold in 8 days hit a road block…low appraisal.  So we are working our way through that process.  I’m not sure if the deal can be saved but we shall see.

With the move of the previously mentioned closing I had two closings on Friday.  In fact I had to leave one early to make it to the next.  It all worked out though and those two clients love their new homes.

The inspection of the home my client is buying that was living with their parents turned up a chimney that needs work and a roof that is at the end of its life.  So we have contractors out giving estimates on the repairs.  Hopefully the seller’s will adjust the price or give money back at closing to address these bigger ticket items.  We are to close in a week so we are getting close!

I had a new listing come on the market yesterday…a town home in West Carmel.  There is only one other property for sale in that development so I hope this one sells quickly.  With the home now on the market, my clients and I went out last night to look at potential homes to buy.  We really didn't find “the” home but they were able to see what’s available to them…they might want to bump up their budget they said.

The clients building new construction are ready to move forward.  We are trying to set up a time early next week to sign the listing paperwork and get their home on the market in the next two weeks.

Last week, as I’m coaching my son’s 7v7 Spring football team, one of my former clients and parents of one of my players says they have friends who are considering selling.  “How’s the inventory out there” he asks…”very low” I say.  I’m meeting with that lead next week and they are already working with my mortgage provider!

Broken record alert…I’m very honored with all the activity and am ready for more so if you know anyone getting ready to buy or sell, please give them my information or ask if they’d like me to call them.

   Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.57 percent to 3.52 percent for the week ended May 1, according to The rate for 15-year mortgages fell from 2.80 percent to 2.75 percent.

Monday, May 6, 2013

May "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!

May's Color of the Month is:

"Whisper Gray"

This subtle color is great for baths, kitchens, bedrooms....any space in your home!  It pairs so nicely with bright colors.  My favorite picture is the kitchen scene down below because they put the gray on the cabinets.  How will you use Whisper Gray in your home?

Wednesday, May 1, 2013

Weekly Rate and Real Estate Update, 5.1.13

Spring is here...finally!

Dan’s activity this week:

Well, the Tuesday closing did not close!  During our final walkthrough the buyer and I noticed a “shadow” on an exterior wall in the dining room…not knowing what it was we asked and got a 7 day extension to the closing date.  So the inspector is going back out today and we’ll get some further testing.

I’ll be writing up the inspection response for my seller’s from the home that sold in 8 days. It looks like we’ll address almost everything so it shouldn't be a problem.

Everything is to the title company for my buyer of the 1920s renovated home so we are on track for Friday’s close!  

My client who was living with their parents did find a home last Friday!  The home was on the market for 7 days and we were the 3rd offer!  But we got it; our package was all around a better offer.  The inspection is today and we close quickly, May 15th, so we’ll be moving along quickly.

So last night I signed a new listing in Carmel that will go active this coming Tuesday and that night we are going out to look at homes for them.  My last listings have sold so quickly I don’t want them to not know the market and have a favorite home to buy early on.

My other new clients are meeting with my mortgage company that most of my clients use to get preapproved and financing for existing and new construction homes.  After they are comfortable with that process we’ll get them signed up and listed in the coming weeks.

The inspection of the older home in Indy was delayed a bit so we haven’t started that process yet…can’t wait!

My client’s relocating from Chicago are coming down this weekend so we’ll see some homes with them as well.

Last, I followed up with a client that may be getting ready to sell…there is a potential upcoming job change that will determine if it’s just selling their home or selling their home and finding them a new home locally…time will tell.

So with the delay in the closing yesterday April finished with 4 closings and May has 6 closing on the calendar.  I’m excited with all the activity and am ready for more so if you know anyone getting ready to buy or sell, please give them my information or ask if they’d like me to call them.

   Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.61 percent to 3.57 percent for the week ended April 24, according to The rate for 15-year mortgages fell from 2.85 percent to 2.8 percent.