Resales

Indianapolis Housing Market Slows With Buyer"s Market Curves

Indianapolis, Indiana is rounding the curves of a buyer"s market which local Realtors hope will be helped by low interest rates. "Located in Central Indiana, Indianapolis offers the best in "Hoosier Hospitality," says Says Realtor Sharilee Gray. "The Circle City has a variety of offbeat and exciting things to do and places to go. It doesn"t matter if you"re interested in basketball, history or high octane excitement, Indianapolis can provide friendliness and fun that is recognized far and wide. "Mortgage interest rates are at an all time low, and home sales are up at a record pace," says Gray. "The cost of living and unemployment rates remain below the national average. Many home owners are putting their homes up for sale, anticipating a brisk spring market. The supply of homes in the marketplace for purchasers to consider is excellent. The average days on market remains about 90 days. The number of pending sales is up from this time last year." "Right now in Central Indiana it is currently an awesome buyer"s market with many of the homes needing a longer marketing period to sale," says Realtor Shari Mills, "The average buyer has the opportunity to tour an average of 10-12 homes before making a decision, and then negotiating the best price and terms. Mills advises, "As a buyer there are three things you can do to ensure you get the home you really want. First, know what you need in a home. Second, get your full loan approval before going home shopping. This way you won"t get as disappointed. And third, get the market value comparables from your agent then offer what it is worth, you do not want to lose your dream home because you wanted to deal! "My best advise to sellers is set your price competitively the first time. Then review it every 30 days till it has an offer to purchase. Get rid of clutter. Offer to assist with closing costs up front. Create the best curb appeal that you can. Let the natural light in. Focus on your walls.And be flexible." Click here to view current Market Conditions in your location.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Commercial Property
Estate and mortgage
Investment property
Primary market
Property Management
Real Estate News
Rent Real Estate
Resales
Residential Real Estate
Technology Transactions
News of the day
Realty Reality: NAR Report Shows Lawsuit Trends
Recently the National Association of Realtors® (NAR) released the 2005 Legal Scan. This is a report prepared by Legal Research Center, Inc. The research project was first commissioned by NAR in 1996, and then every two years after that, to systematically collect information on over 90 issues involving the legal liability of real estate brokers, agents, and managers. Says Laurie Janik, NAR"s general counsel, "… Legal Scan is our crystal ball to a better understanding of the key legal issues and trends affecting the U.S. real estate marketplace … [It] provides NAR members with a wealth of trend information on agent/broker liability … helping them better understand -- and plan for -- the legal pitfalls and compliance requirements they will likely encounter."
Popular Articles

Great Comebacks To Commission-Cutting Requests
These are some of my favorite commission-cutting, objection-handling techniques, and for many of these, I thank my mentor Floyd Wickman:

Investor Report: FHA Funding Rules
Investors who own units in condominium projects could benefit if a push by the National Association of Realtors to change FHA funding rules proves successful.

© Copyright 2009