Market Trends

Price is BIG though there are other factors to consider…

 

 

Price is big, but other factors can be even bigger when buying a home in this market…

  1. No appraisal is better than having an appraisal.  Some of this risk can be mitigated if a Buyer offers to pay some (or all) of any gap that might arise
  2. Ca$h is better than financing.  Conventional financing is better than FHA, VA, or RD.
  3. “No inspection” is better than “Subject to inspections.”  Inspections invariably cost money or deals
  4. Not being subject to the sale of another property is a BIG plus

Each offer is different, and there may be other factors to be considered (like for example, last week we adjusted post-closing possession, which made the difference between telling my client “Congratulations” to “Let’s go back to the drawing board”)

I am here to help you through the home buying process.  No doubt it’s frustrating though together, we can get you in that dream house. Give me a call (317) 625-0655

Thinking Outside of the Box

MIBOR released last month’s housing numbers which showed inventory up 13% from the previous month. That’s excellent news as we continue to make dreams come true in this crazy market!

I just put a deal together where the Buyer was afraid to put their house on the market for fear of not finding something suitable.  With inventory at record lows, this was a “very real” situation. We worked together to eliminate some typical sticking points.

Happy to say that everyone is moving forward with Confidence. In times like these, Gotta’ Think Outside The Box to create Win-Win situations!!! Want more details on how this specific deal worked? Email me at Bob@indyschoice.com.

Remember, experience matters in this biz! Your realtor is critical in this process and can help you get creative to get the best property for the best price.  Ready to talk? Call me at 317-625-0655

Local Market Review – April 2021

Housing data released by the MIBOR BLC® comparing April 2020 to April 2021 shows:

  • An increase in Median Sales Price of 13.1 percent to $237,500
  • An increase in Closed Sales of 17.1 percent to 3,033
  • New Listings increase 40.8 percent to 4,025

The market remains RED HOT.  Great to see some new inventory!

Looking for Specifics in your County, Call Me at (317) 625-0655