Buying

Programs that can save you money

Happy New Year! I have had a few of my clients ask about these programs being offered by our partner, Caliber Home Loans, so I wanted to share them with you….

Whether you are an Active Buyer or Seller in 2023, there are some great programs available that can save you money. For example:

Rate Rollback Program where you can buy the house you want now and get a lower payment if rates go down in the next couple of years by refinancing. It can save you money in two ways when you refinance  (1) on the monthly payment and (2) pay no lender fees

Lock ’n Shop or Lock’ n Sell programs where you lock in your financing. Spend more time and energy finding your perfect home and less time worrying about financing

Temporary Buydown is a mortgage option where homebuyers can purchase their homes with lower monthly mortgage payments to start. Many loan types, like VA, FHA, and conventional loans, allow buydowns

If you would like to dive a little deeper to see if one of these programs is viable for your situation, call or text me at (317) 625-0655. I am looking forward to serving you in 2023!

REMEMBER— REAL ESTATE IS LOCAL

Oil and stock markets are national markets…International even.  Real Estate is a local market.  All Real Estate is local.

When the Nightly News blares, “the Housing Market is Crashing!”.  They are selling fear for ratings and pointing to markets like Austin, Boise, Vegas, and Phoenix.  But rest assured, they are not talking about Central Indiana.  While prices in Boise and Austin are down 15-18% from their peak, cities in the Midwest (Chicago, Indianapolis, Cincinnati) are seeing housing prices flat to down slightly (think 2-3%). 

So (for now, at least), let’s all take a deep breath and enjoy the holiday season upon us.

For a panic-free analysis, call or text me to strategize what’s in your best interest. And, of course, you need a Local Real Estate Expert for that!

“Crazy has left the building!”

That’s right. A seller can no longer expect to have 20 showings the first weekend and get eight offers above list price with no appraisal or inspections. That was so 2021. It just hasn’t been happening for months now.

Many buyers, staring at a mortgage sporting a 6+% interest rate, have taken their ball, and are sitting at home. True, some push on regardless- think those with a new baby, moving mom home, or moving to take a new job. But for the majority, they are waiting for something to come down- either rates or home prices, or some combination of the two.

November numbers are out, and there were fewer sales (down 29% from a year ago)— yet lower inventory (down 78%). And prices are sticky, being up 10% from a year ago but possibly having peaked (around $277,000 on average). It’s taking longer for homes to be sold, and Buyers are now securing deals at a 2% discount from ask. We are far from a balanced market, but it is getting healthier.

Sellers will need to put their house in good order (think about what was done to sell a home in 2019). And then be prepared to negotiate. On the other hand, Buyers can find Sellers offering interest-rate buydowns and other discounts to make their home more affordable.

This is a NEW market. You do not want to get caught fighting the last war. Call or text today to put together a winning strategy in this fast-changing market!!!

Click HERE for Full PDF Market Report