Posts tagged with "Local Market"

What’s ahead in March for Homebuyers?

The Indiana Association of Realtors (IAR) just released its February Housing Market Report

Statewide home sales jumped 17% from January to total 4,895
New Listings gained 2% from the previous month
Sales price grew to 7% though homebuyers were able to take advantage of a more BALANCED MARKET to close sales at 95% of original listing price

Pending sales have been stable from January to February. Rising mortgage rates continue to threaten buyers back to the sidelines
As I have been saying for months, Indiana continues to outperform national sales trends. The population growth and economic development activity have been encouraging in driving demand for housing here

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

Did You Know That Seller Concessions Help Both The Buyer and The Seller

Boy, is that ❄️snow coming down. I hope you are enjoying it from the inside of your home. I have had a few questions from clients on how Seller Concessions work, so I wanted to share some details on how it can benefit both the Seller and the Buyer, esp in times like this.

What Are Seller Concessions

Seller concessions are closing costs that the Seller has agreed to pay

Benefits for the Buyer

Help make buying the home more affordable
Reduce closing costs /cash needed

Benefits for the Seller

Help make your home more accessible to buyers with varying budgets
Expedite the home sale process

Want to hear more? Drop me a line (or text) at (317) 625-0655, and I will connect you with one of our trusted financing partners. Or head to our website. Knowledge is key!