Posts tagged with "Indianapolis real estate"

Down 41.5% Nationwide

Did you know Mortgage Purchase applications are down 41.5% from a year ago nationally? To no one’s surprise, this translates to fewer home sales.

Here in Indiana, we are feeling a little bit of pain. Sales in the local Indy area were down really close to that in January.

But what may surprise you is that We are BUSY Selling Homes. And closing in less than 30 days. In fact, Top Choice Real Estate just had its BEST February ever (that’s over a 40- year period.)

What does that mean for you:
This is not our first rodeo. With over 40 years of experience, we have seen uncertain times like this (and it was NOT in 2018). Yet, we have navigated these waters successfully and created wins for our clients.

Call or text us at 317-625-0655 today. Let us show you what we can do for you!

Look just Reached an All Time High…

NAR (National Association of Realtors) conducts an annual survey of home buyers and sellers who recently completed a transaction within the last 12 months.

One highlight that did not surprise me a bit was that BUYERS ARE MOVING FURTHER. The median distance purchasers moved from their previous homes reached an all-time high of 50 miles. Historically, the median distance moved has been between 10 and 15 miles.

Why the huge uptick? Buyers are being driven to the market to be closer to family and friends, with affordability at the top of their minds. Small towns and rural areas are now being considered as inventory is low.

When you are ready, know that our service territory ➡️extends from Columbus and Brown County on the south to Tipton up north and from Greencastle to New Castle. L👀 k at that map! In recent years, we have sold homes in counties all over central Indiana.

Regardless of where you want to move— we can help you get the job done right. We work harder to make good things happen!

This Market Looks Different

Gone (I say) gone are the days when a Buyer had to waive inspections and appraisals and pay all of their own closing costs. The market we are standing in is totally different. Having appraisals and inspections done are now standard practice, as it should be. These practices put safeguards in place for all parties and keep everyone honest. And asking the Seller to do repairs or pay for some of the Buyer’s closing costs is definitely on the table.

With that being said, now MORE DEALS ARE BEING MADE. We just closed on one and have a few in the making. For lots of reasons, You need an Expert in your Corner! Give me a call/text (317) 625-0655 to see what we can do for you!

For more on this chart/report, click the link