Market News

ATTENTION BUYERS: It’s happening ….

Did you know that for the first time in three years, there are as many new listings coming on the market as there were as many price drops!

THIS IS GREAT NEWS FOR CURRENT BUYERS!

This past week, we listed this beauty in Hendricks County, and within four days, it had a very solid offer at asking price. From the Buyer’s perspective, it was close to stress-free as it could be compared to what the market looked like a few months ago. No crazy Bidding Wars. An Offer with an Inspection! And enough TIME to really think about it. Are you thinking what I am thinking??? It was a BUYER’S DREAM!

If you have been holding off on buying due to the housing market, it may be time to start looking again. Call me at (317) 325-0655.

If It Sounds Too Good to Be True, Trust Your Real Estate Agent, Not an iBuyer

When you’re selling your house, MY GOAL is for you to make as much money as you can, as quickly as possible, and with the least amount of interruption to your life. Your goal, too, right??

So when you come across an “iBuyer” company that offers to buy your house for fair market value without putting it on the market and not paying real estate commissions, it can sound super appealing.

The problem is that going that route doesn’t necessarily make you as much money as possible!

The Federal Trade Commission (FTC) has confirmed all of that and more when they took action and imposed a $62 million fine against the online home buying firm Opendoor Labs, Inc., for misleading sellers and “tricking them into thinking that they could make more money selling their home to Opendoor than on the open market using the traditional sales process.”

If you are considering this, let me give you my two cents. It can save you a lot of headaches.

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Does the Cooling Market Mean You Can’t Still Get a Historically High Price for Your House?

If you’ve been thinking about selling your house, you’ve probably heard that the market’s cooling off, or “resetting” (as Federal Reserve Chairman, Jerome Powell, recently put it.) So you might be wondering if that means you won’t be able to get as much money for your house as your neighbors did a few weeks back.

On the other hand, there are still reports that house prices are still rising, like in this realtor.com article, which makes you wonder if you could actually get more money than they did!

So, what’s the truth?

There’s no one-size-fits-all answer to that question. Real estate functions on a very local level, and much of what you read is referring to the broader, national market. Indiana is not Phoenix or Las Vegas (where the major price reductions are occurring.) Not only does the general area you live in matter, but the specific price range or neighborhood your house is in can affect whether or not you get more or less for your house. Know that I am here to help you with this!

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