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How to Maximize your Real Estate Benefit

With the lockdowns persisting now into their 5th month, we frequently get asked what the effect has been on real estate.  So, here’s the current State of the Housing Market:

  • People are venturing out.  The number of showings have returned to normal.  While some people are sitting this out, those who aren’t are really getting after it!
  • COVID pent-up demand pushed sales up 28% June over May (and within a mere 3% of June 2019)
  • But NEW LISTINGS WERE UP just 2% from May.  New want-to-be-sellers continue to be a challenge
  • Inventory has fallen to 3,210.  Down from over 8,000 three years ago.  That’s a crazy decline in a “Seller’s Market”

Put those numbers together, and it’s little wonder that PRICES ARE UP 10% from a year ago (to a median average $219,000).  And homes are selling on average for a discount from asking price of just 1.9%.

Looking for guidance on how to maximize your real estate benefit in this COVID impacted market?  Call Bob at (317) 625-0655 or Dave at (317) 626-5754.  As always, we work harder to make good things happen!

Value Added Remodeling Projects that Don’t Break the Bank

I hope you and your family had a wonderful Fourth of July weekend. It was a great weekend on the lake listening to the kids’ chatter about who’s fish was bigger, heavier, who stayed on the tube longer, who had the better dive, better flip, etc…… I absolutely love these times with the family!

What I also loved about this weekend was helping a couple weigh the pros/cons of upgrading their kitchen. They want to sell in the next few months and was under the impression, today’s buyer wants a brand new kitchen.  After giving them some insight into what’s going on in today’s market, we talked about the current home trends.

If you are planning to sell soon, dollars spent today on remodeling projects should yield a quicker home sales tomorrow, as well as help, sell the home for the most dollars. And remember, they don’t have to break the bank.  Things like…

  • Updating the Entry Way
  • Adding a Backsplash in the Kitchen
  • Using Stencils and Paint to Accent a Wall

This couple is like many of today’s buyers/sellers. Sometimes you need an expert in the field to add a little perspective. If there is a remodeling project that you are not sure if it makes sense to tackle, give me a call at (317) 625-0655 to discuss specifics! I offer a FREE Room By Room Analysis with “No Strings Attached”.  I am happy to give my two cents on repairs/improvements. Ultimately, these projects should yield a quick home sale as well as sell for the most $$$. CLICK HERE to schedule today!

What Should I Do Before House Hunting?

  • Know how much house you can afford

Check out our Mortgage Calculator and our Finance Page  

  • Save $$$ for your down payment
  • Get preapproved for a mortgage. Our trusted partners can be found here.

House Hunting Tips

 

  • Pay attention to location and layout
  • Consider the size for your family and in 5 years…
What are your Must-Haves??

Click here for Current Properties Available by Feature.
  • Evaluate School Districts. Click here to request your FREE Report
  • Think about the home value growth

And finally, ASK ME QUESTIONS. It’s why I am here…to help you on this journey! Give me a call at (317) 625-0655.