Posts made in December 2019

Planning to Purchase a New Home in 2020? A Must Read

If you’re on the hunt for a new home this upcoming year, you don’t have to wait for the ball to drop – you can start prepping for one of the biggest purchases of your life! Below are some tips if your goal for 2020 is to become a new homeowner.

Pinch Those Pennies
Saving for a down payment on a new home is one of the most critical parts of the homebuying process. It’s essential to plan out your savings now if your goal is to purchase a new home in 2020. In addition to the down payment, many buyers are surprised at the other costs involved, like the closing costs, prepaid expenses, HOA adjustments, etc. These often run $3-7,000.


Check Your Credit
Make sure there are no surprises on your credit report. One of the first things your mortgage lender will do is check your credit to determine your debt-to-income ratio to determine how much of a mortgage loan you qualify for. If your credit needs clean-up, start working on it now so that your score is up to par before you start the pre-qualification process.


Lock in Your Pre-Approval
In today’s crazy competitive housing market, it is not uncommon for a seller to receive several offers on their home. Having a pre-qualification letter in hand could be the difference in your ability to purchase the house you desire. This also proves to the seller that you are serious about moving forward and provides you with bargaining power.


Hold Off Hefty Purchases
Now that Christmas has passed, curb any shopping sprees you may have planned. Big purchases like a new car or a family vacation before buying a house can affect your debt-to-income ratio and can affect how much money a lender is willing to lend to you.

Working with the right real estate agent who has experience can make all the difference.  I have spent 17 years in the mortgage biz and continue to help people buy the home they really want. Call me!

Housing Data for Indiana Counties Just Released! 2020 is looking bright

Housing data was just released by the MIBOR BLC® listing service, which provides a market analysis of the 16 central Indiana counties. It compares November 2018 to November 2019.

  • Increase in Median Sales Price of 4.6 percent to $187,250
  • Decrease in Closed Sales of 4.5 percent to 2,592
  • New Listings decreased 3.8 percent to 2,443

If you want to see what is happening in your particular IN county, let me know. For example, Marion County saw an increase of 7.3% YTD in Median Sales Prices.  That’s great news for our Sellers! Is 2020 the year to begin a new adventure?? Click here to find out what your home is worth.

How Do You Purchase a House in a Seller’s Market

It’s no doubt a Seller’s Market here in the Indianapolis area.  And has been for the last couple of years.

What does this exactly mean? Well, the Home Supply is low, and there is not enough inventory to meet Buyer Demand.

How do we know this?







What does this actually mean for you, the buyer?

  • You’ll face stiff competition
  • You might need to offer more than asking price
  • You may need to make concessions or waive contingencies
  • You’ll have fewer homes to choose from
  • It could take a while to buy a home
  • You may be outbid or see your offers rejected

You can still get into your dream house! Our past clients can attest:

Bob was great and very swift with every response! From start to finish, he made the home buying process very easy and helped me through it.”

“Bob was great to work with. He went above and beyond for me and my family. Very smooth process. Highly recommend. And will return to him if I’m ever shopping for another new house.”

“We appreciate all of the work you did in such a short time for us. We will definitely recommend you anytime anyone we know is looking for a realtor. Thanks again.”

When you are ready, let’s talk! I can be reached at (317) 625-0655