Posts made in May 2020

6 Curb Appeal Tricks to attract Buyers during coronavirus

The Real Estate Market in Indiana is continuing to show increases week after week in home showings.

Now that’s a trend we can shout from the rooftops!!

Buyers are placing much more weight to the curb appeal and saving in-person tour to only their top choices. Below are 6 Curb Appeal Tricks to attract Buyers during the coronavirus.

  1. Keep the yard green and pristine
  2. Mind your driveway and walkway
  3. Flaunt your nighttime appeal
  4. Don’t forget the garage
  5. Replace outdoor accents and give your landscaping some love
  6. Give your front door a face-lift

Need an expert opinion, give me a call at (317) 625-0655! Happy to chat further on what I see in today’s market.

Housing Data for April 2020

Across 16 central Indiana counties, the Housing data released by the MIBOR BLC® comparing April 2019 to April 2020 shows:

  • An increase in Median Sales Price of 12.3 percent to $210,000
  • An decrease in Closed Sales of 16.8 percent to 2,522
  • New Listings decreased 32.8 percent to 2,782

“The April market saw much less of an impact from Covid-19 than might have been expected,” said Shelley Specchio, MIBOR CEO. “Median sales price of $210,000 was at an all-time high, gaining 12.3% over last year, although the price was almost flat compared to last month, where normally we would see solid gains in prices between March and April. Percentage of asking price to received of 98.3% was near an all-time high and median days on market remains at just 38, the same as last month. Although sales activity did slow, the numbers show that despite our current atmosphere, many are still eager to buy or sell.” 

More specifically, in Marion County…

This is excellent news for those ready to buy or/and sell! When you are ready, Give me a call at (317) 625-0655

CARES Act Gives Today’s Buyer Options

I wanted to share this that I received from one of our trusted partners, Mike Wickham at Caliber Home Loans, just in case it could be applicable to you. The CARES Act gives a couple of 401k options that borrowers may be able to use.

Borrowers can now take out of their 401k and have three years to put it back in; or, you can take it out early without the 10% penalty, and then you can spread the “income” over multiple years.

We see this as being helpful in a couple of ways:

  1. If someone with a 401k has a house to sell and they don’t want to sell before buying. Instead of coming up with the 3-5% (or in addition to), they can take it out of their 401k and then reimburse themselves once their home sells. This was true before, but most of the programs only allowed 60 days or so to do it. This gives the borrower more flexibility
  2. Or, if they’re planning to take out of their 401k for their down-payment, they can do it without the 10% penalty

If this is something that you would like to explore, give me a call at (317) 625-0655 and I can help sort through your options.

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