The June 2010 Market Report of the BLC listing service shows that units sold for the quarter increased 10%. New pendings for April through June are down 5%.
Mortgage notes...
Rates remain extremely low. Today's rate for a 30 year fixed rate mortgage is 4 3/8%. Despite the low rates, mortgage loan activity has decreased by 2.9% through July 9, 2010 as reported in the Indiana Business Journal's Real Estate Weekly e-newsletter.
Rates will definitely not stay this low much longer. If you are thinking about buying or selling a home - there is still time to do so this year and take advantage of attractive home pricing and financing options. Call me, Julia Evinger, at Century 21 Scheetz, to get current market information about your home's worth. I will also run comparables in neighborhoods you are considering a purchase.
For the past two years, it has been difficult to find lenders offering Jumbo mortgages, let alone a jumbo mortgage with an affordable rate. Today, jumbo loans are at their lowest rate since 2003 averaging around 6% for a 30 year loan and as low as 4% for a 5 year ARM. Down payment requirements are usually between 10 and 20 percent of purchase price with good credit.
Those rates are approaching government backed 30 year conventional loans. The low rates make this summer the time to refinance a higher end home or consider a purchase or sale of a luxury home.
Contact one of these fine lenders for more information about rates:
Please mention my name, then search for homes anywhere in the Indianapolis area or list your home with me , Julia Evinger or another professional Realtor at Century21Scheetz.
Did you know that mortgage rates are at an all time low! But...they won't stay that way for long. So, if you're thinking about buying, selling, or refinancing, the clock is ticking!
Take a look at these rates! Whew!
30 Year Fixed
4.75%
15 Year Fixed
4.25%
5 Year ARM
4.0%
Could they go lower you ask? Could the fixed interest rates go to 4.5%? The answer is, "Maybe" Should you risk waiting? The answer is, "NO". Just as quickly as the rates dropped they can just as quickly go back up. Tick Tock.
This quick 2 minute video, from the Today Show last week, answers several questions like:
How much money can you save with a 1 point drop in your interest rate?
Should you buy a bigger home now that rates have fallen?
Should you refinance now?
What happens if I buy a home now and the interest rates fall again?
Look what's happening right here in Indianapolis Real Estate market! This is GOOD NEWS for EVERYONE!
I just wanted to talk with all those Buyers that are waiting till the last minute to put an offer in on a home. The $8000 first time home buyers tax credit is ending April 30th and it does not look like the government is going to extend the credit. I would like to prepare you for mad scramble for all you procrastinators. I highly recommend getting your financing in order and start looking for homes with a Realtor, today! For example there are a several Geist Reservoir Homes for sale at very reasonable prices. Right now there are some incredible, brand new model homes in a Beazer Built Community for sale in the McCordsville Area for around $190K. These homes are move-in ready, 2000 Sq Ft, 4 Bdrms w/Basement and 10 Ft ceilings. These are perfect starters homes with square footage to grow for expanding families. No matter what you are looking for a bank owned homes, HUD homes, new construction, re-sale or existing homes they are all there for the taking. I have a buyer right now that is buying a HUD home for $28,000 less than it sold for in 2006. People if you are eligible to buy a home, now is the time to buy. Low mortgage rates, low home values, and the $8000 tax credit, you'll never see all these things in places all at the same time again in our history. Not too mention the FHA $100 down program offered if you buy a HUD home. Get out there and start buying! Click here to watch this video.
There are so many reason why it is a great financial decision to purchase an duplex or as we call them in Central Indiana 'double' as your first home. You get all the advantages of homeownership, with the additional benefits of investment in real estate. You are also able to use the additional rent income to qualify for the purchase. Collect rent to help make your mortgage payment. In Indiana, you will also recieve the homestead exemption on the entire property giving you a lower tax rate on your rental! Finally, the tax advantages of home ownership are doubled with the purchase of a double! It's a great time to buy an Indianapolis Home For Sale, or a Duplex in Indianapolis!
For another month, you will also be eligiable for the first time home buyer tax credit even if you buy a double! Two for the price of one with a tax credit, now that is a great investment!
For your first home, next home or your dream home start with a call to John Creamer @ 250-5646. With over 23 years of experience in selling, you will be in good hands.
Boone County is home to many fine equestrian families and facilities. Whether you are a hobby farmer, 4-H member or own an equestrian business, this is the place to own a home.
There are many fine homes and horse farms for sale. From two stalls, six stalls, eight stalls or 40+ stalls, I can help you find the property that is right for your needs. Please contact me if you are considering buying or selling horse property.
Zionsville Homes For Sale Irishman's Run 7325 Hunt Club Dr. Offered at: $1,150,000
There is also the opportunity to have your horse and subdivision too. Check out this Zionsville Real Estate for sale in Irishman's Run. Located in the heart of Hunter/Jumper territory near Trader's Point Hunt Club. This home is allowed to have a residence, four horses and barn on property.
It is a good time to buy! Interest rates are low. There are many homes for sale and you may be eligible for up to a $6,500 tax credit if you have a primary residence to sell (and you have lived in your home the last 5 of 8 years) and will purchase a new primary residence before April 30, 2010. Call Century Mortgage or Scheetz Mortgage for more information.
Home prices in Indianapolis are very good right now. If you are looking for Indianapolis real estate especially in Boone County, Indiana, or Hamilton County, Indiana please give me a call. Your new equestrian estate is waiting for you!
Have you ever daydreamed of riding your horse across a verdant Indiana pasture, your hair blowing in the wind? Would you enjoy watching birds, deer, and the occasional fox from your family room windows? Have you ever wanted to have your own Indiana estate with a clever name, set down a private drive, under a canopy of mature trees?
This is your chance to live your dream.
Out of the many homes for sale in Indiana, there is one for sale in Zionsville, Indiana that is unique in location and charm. Zionsville homes and farms have long been home to equestrian estates. Hunter/Jumpers, Quarter horses and Thoroughbreds foray on farms in the area. 10655 E 300 Sis a 33.3 acre equestrian estate that could be your family's treasure for generations.
There are two barns on property, a round pen, and seven pastures. This equestrian center offers both an indoor and outdoor riding arena and has been home to many storied thoroughbreds.
The grand colonial home is 9,000 square feet and a work in progress. Bring a contractor or a new home builder to make it your dream home.
The property is being sold as is, but there is so much potential here now and in the future. It can be enjoyed as a private estate now, but as Boone County and Zionsville continue to grow, it becomes a great investment property for future development.
Listed at $1,800,000.
Prequalified Buyers, Please.
Please contact me to schedule a showing appointment. Check with your Indianapolis mortgage lender for current rates. Or contact me for a mortgage lender referral. There are many fine Indianapolis Mortgage Companies.
$8,000.00 First time homebuyer credit - Who wouldn't want that?
Speaking of Mortgage Rates, take a look at this:
Current Rate
Loan Amount
30 Yr. Fixed
P&I
Income to Qualify
2009
5.25%
$150,000
Yes
$828/mo
$35,000/yr
1981
16.63%
$150,000
Yes
$2,093/mo
$86,700/yr
How were people buying homes back in 80's? Look at the difference! WOW!
I remember buying my first home in 1981..oops, this might be aging me, oh well. For some reason I don't remember stressing out back then about the mortgage rates, they were what they were. But, now that I have children who are first time home buyersand who can take advantage of all the options right now I can certainly see how they are going to start out a whole lot better off than I did.
I remember my first home in 1981 was $20,000. That doesn't sound like much, but for a first time home buyer, not needing much room, and a very handy husband, it was perfect back then. (I know, it wouldn't buy you much today, add about 95-100% inflation, and you're still looking at a good fixer upper. Thank God for Handy Men!)
Here's how I see this...back in the "olden days" if my first house then was 20k. @ 16.63% interest, we would have been paying about $279 a month. Today, if I were to buy a $20,000 home (it would probably be a yucky mess and we'd want the land only) 20k @ 5.25% interest, that home would cost me about $110 bucks a month. You don't know how much we needed that extra money back then! WOW! Indiana houses for sale are CHEAP right now!
Want more info on how to get the best loan - contact Scheetz Mortgage. The Loan Officers at Scheetz Mortgage shop around for the best rates. They aren't satisfied until you're satisfied!
We're on the home stretch! It's fun to watch a tight bond form amongst the group of people who spend two weeks together learning and role playing, and having fun!
What a great time to buy! Here's our biggest fear right now in the Real Estate market - The fear is that in a few short months people are going to come to us and say, "Wow, why didn't you push me to buy back then". The opportunity for the "deal" won't be around for long. So, let us shout it from the roof tops, NOW'S THE TIME TO BUY! I hope everyone can hear me. With the $8,000 tax credit (Thank you Mr. Obama) that doesn't have to be paid back, new home buyers are crazy if they don't get out there and check it out.
Ok, on to day 9...The best Indianapolis Mortgage Lenders in the city, Scheetz Mortgage, was first up to bat. Pat Bowers, Loan officer for Scheetz Mortgage, loves bringing in breakfast for the new group of agents, but definitely loves teaching the new agents what they need to know about the financial process of the transaction. "With Scheetz Mortgage being so accessible, so many loan options to choose from, and just a few steps away to help agents and clients walk through the process, it really makes the entire transaction smoother" said Pat Bowers.
Role Play, Role Play, Role Play. All leading up to the final day! WOW, that's tomorrow already!
Tim O'Connor did some very important training on Fair Housing. Doesn't sound real exciting, but trust me, you want to know all about this or you'll find yourself in some hot water!
Tomorrow - Friday, GRADUATION day, but...there's more! Tomorrow the rubber hits the road. Tomorrow we find out if anything over the past two weeks sunk in. Tomorrow we find out how prepared the agents are to go out and sell Indianapolis Real Estate.
Don't miss out on the good FUN stuff! Come back for more!
If you're considering a career in real estate, contact Patty Bender, 317-814-4843- Let's Chat Real Estate License Indiana
Yes, President Obama has now signed into effect a bill that supports first time homebuyersin the US, including those looking for Indiana homes for sale or Marion County real estate.
Remember the old $7500 Tax Credit, applied towards any Indy real estate that was supposed to help Indiana home values go up?
Well, LOOK OUT, as this new bill offers more money to more people and is expected to jumpstart the new season of home buying across the country, most importantly homes in Indianapolis.
Check out this video that explains the new bill in plain English:
Just imagine... combine this credit with awesomely low mortgage interest rates. The result is your very own piece of Indianapolis property, in Downtown, Greenwood, Cumberland, Avon, Butler-Tarkington, Meridian-Kessler, Eagle Creek, Castleton, or anywhere else you can think of, easier than you could've possibly dreamed about a year ago!
Carmel Indiana is a place most first time buyers think that they won't be able to afford but that's not true. There are numerous Carmel Indiana homes for sale that are under $200,000 but the best ones sell quickly so don't wait and miss out on them. You can find them all at www.sellwithsheets.com. Carmel even has its share of bank owned homes making for some really attractive deals.
Mortgage Rates in Indianapolis and Carmel are really low right now and that coupled with the $7500 First Time Buyer tax credit makes now a perfect time to buy. Find out more about those two things at www.scheetzmortgage.com.
This morning, I had a meeting with a sharp "young" guy who is getting ready to buy his first home. He wants to be well prepared for the process and understand exactly what he is getting ready to undertake. We spent a lot of time talking about the process. Indianapolis mortgage companies have many attractive loan products for qualified buyers and interest rates are at unbelievable lows! We discussed the pre-approval process and he will be meeting with a lender this week. We also discussed the process we would use to consider varioius homes for sale in Indianapolis. Broadripple is a definite possibility as is Carmel. We reviewed a purchase agreement before and he left my office with a blank one that he can read at his leisure. We discussed inspections and appraisals and the "meat" of the process. I'd say he's ready to jump into the real estate water! This meeting took an hour and a half and as a REALTOR it is a pleasure to see someone take the home buying process so seriously! It will be fun to help him find the right home. What about you? Are you ready to buy your first home? Are you ready to sit down with a REALTOR and plan your strategy?
Inside Indiana Business' Gery Dick served as the Master of Ceromonies discussing the state of the Real Estate Market. You can read the entire press release detailing projections for 2009 Indianapolis Real Estate market by clicking here. Below are a few snip-its of the press release:
INDIANAPOLIS – While the U.S. economy faced major challenges in 2008, the Indianapolis real estate market maintained a strong position in the Midwest, resulting from the area’s population growth and relatively high employment levels.
Residential Market
Like the rest of the country, the Indianapolis-area residential market faced challenges resulting from the mortgage crisis, but Indianapolis fared much better than other cities that have seen much more drastic changes. While all of the decreases may seem to be bad news, local Realtors see signs that the market is on its way to correcting itself by projecting that existing homes will reach an ideal six-month supply in late 2009. This is expected to lead to more balanced supply and demand and result in stabilization in home prices.
Other projections for 2009 include:
• A return to sales levels seen before the 2005/2006 residential sales spike: selling 28,000 homes in Central Indiana.
• The region will remain on the list of most affordable areas for the foreseeable future.
A lot of people are breathing a sigh of relief right now - Homes for Sale in Indianapolis are a great value. Indianapolis Mortgage Rates are at an all time low as well as the government memorandum to stop foreclosures for a period of time, including Indiana Foreclosure, and with Mortgage companies dropping their rates, this is giving people a chance to stay out of foreclosure and less homes becoming bank owned homes and giving everyone the opportunity to have a piece of the American Dream.
Hamilton County Indiana home values remain strong compared to most of the country with Carmel real estate and the Fishers area being the most frequently asked about. Those are certainly great areas with great schools and amenities and should be considered in anyone's search for a home in Hamilton County.
But don't forget about Westfield. There are many fantastic Westfield homes for sale and they are usually more affordable than either Carmel or Fishers. The schools in Westfield are very good too and the city is doing a wonderful job of adding businesses, park areas and other things that make it a nice place to call home.
Here is just one example of a good value in Westfield. The home was built by Beazer Homes just last year in a very popular neighborhood called Countryside. It is in immaculate condition, comes with many, many upgrades, all the stainless steel appliances stay, it is over 3000 sq. ft. and is priced at just over $200,000. Located just west of US 31 at 161st Street, Countryside is conveniently located near shopping, restaurants, grocery stores and with 31 nearby, you can get where you need to be quickly. You can find out more about this home and others by visiting www.sellwithsheets.com and clicking on my listings.
If you are just starting your search for homes for sale in Indiana, you will want to talk with a qualified Indianapolis mortgage company to be sure you are looking at homes in the right price range and to make sure your credit report accurately portrays your situation. Click here to get started on your pre-qualification.
If I can be of help in any way, call me at 317-727-6527 or email me. together we can narrow down the thousands of Indiana houses for sale to find the right one for you.
What a unique time in Indiana Real Estate! Our inventory levels of homes for sale offer many great buying opportunities at many price ranges and Indianapolis Mortgage Companies are offering really attractive rates. Buyers are finding they can buy more...and spend less...it's a great time to jump in! I was sitting in a closing this week and my buyer discovered his estimated mortgage payment had changed since he sat down with his lender in October...but for the better! His payment on his new $200,000.00 home had dropped by $70.00 a month! Homes in Indianapolis are more affordable than ever! It's a great time to work with a good REALTOR to find a bargain...bank owned homes are getting lots of press, and surely there will be more to come but there are many other resale bargains out there as well. Zionsville real estate has some tremendous bargains in resale. Take a look at this great home in a custom Zionsville neighborhood. One and a half acres, a lovely custom home...and only $399,000. A bargain...you can't get this in new construction for this price! Take a good look...it may be your chance to jump in while Indianapolis Houses are such a bargain!
How is this for value when it comes to an Indianapolis home for sale? Three bedrooms, a totally redone kitchen and bathroom, 2 car garage, new carpet throughout and fresh paint inside&out - all for under $80,000! As an Indianapolis Realtor, I see a lot of good values but I especailly like this one and with mortgage rates in Indianapolis as low as they are, you can probably live here for less than you are paying in rent.
The Indiana foreclosure rate is pretty high and investors like the one who rehabbed this home are turning that negative into a positive for many who are now able to buy a "like new" home for incredible prices. Homes in Indianapolis are selling for about what they did 5 or 6 years ago and with rates at historic lows, opportunity is knocking.
To find out how much home you qualify for, click here to get in touch with an Indianapolis mortgage company. Then check out www.sellwithsheets.com to search for the perfect home for you. You can contact me directly at jeff@c21scheetz.com for more assistance.
It's time to get off the fence and into your new home - and, with a tax credit of up to $7,500 now is the perfect time! If you're looking for homes for sale in Indianapolis now's the time! With mortgage rates at an all time low, a tax credit to first time homebuyers, and an abundunce of homes in Indianapolis the time couldn't be better! Contact a CENTURY 21 Scheetz REALTOR today to learn more of the benefits available to buyers today!
CENTURY 21 Scheetz knows how to do more than just sell Indianapolis Homes For Sale! Yes, That's right, they know how to celebrate! Friday Night CENTURY 21 Scheetz celebrated a great 2008, thanking agents and staff for making it a successful year. Mick Scheetz thanked the spouses and significant others for putting up with the crazy schedules often times kept by our Indianapolis Realtors. "We have sold a lot of homes in the Indianapolis market place this year, and I know the sacrifice that takes. You work extremely hard to provide quality service to our customers, I can't thank you enough for being a part of this team", said Mick. 2009 is predicted to be a great year. With Indianapolis Mortgage Rates down to 4.75%, It's a great time to buy Indianapolis Houses, I can't wait to see your success in 2009"
Everyone is looking for a great buy in today's volatile real estate market...and here is a really nice opportunity in Zionsville Real Estate. This lovely cape cod home sits on 1.5 acres in a pastoral setting in Zionsville. Wooded behind, you'll love the setting! This home is offered at $399,000.00...an incredible value. Zionsville acreage is selling at approximately $60,000 a HALF ACRE so imagine getting this home at this price! You can't build this home on this sort of an acreage lot for anywhere near this price. It's about 4400 square feet with gorgeous hardwoods, a dual brick fireplace on the main level and a daylight lower level with bar and fireplace. The home boasts a main floor master with views out of three sides of the home! Okay... I know you're wondering. Why such a deal? What's wrong with it? Nothing! It is immaculate and is move-in condition but, there are a few updates to be done. The kitchen could use some new appliances and upgraded counter tops to look really flashy. The master bath could also use some touches (new tile and countertops) for updating. The sellers know they are competing with Indianapolis New Homes and with new homes, you get all the bells and flash! The sellers priced this to make it a really good deal and the buyer can make changes over the course of time! Check out Indianapolis Land for Sale and see what you pay for land today in Zionsville. Talk to a couple of New Home builders in Indiana...they can't custom build this square footage for this price on a great Zionsville lot. With Indianapolis Mortgage Rates where they are it's a really great time to buy this home.
Bank Owned Homes Indianapolis is a popular Google search these days. Why is that? Well, because they represent a great opportunity for income producing property. What do you suppose people do when the bank forecloses on their home? They don't buy another one - they rent. As a result, Indianapolis real estate represents great potential for the investor who wants rental properties.
There are hundreds of homes in Indianapolis that might be right for your situation and all you need to do is find them. You can start your search at www.sellwithsheets.com or email me to request specific information about how to get started. For information on Indianapolis mortgage rates and how they apply to investment properties, click here.
Over time, Indiana real estate is very stable. Recent blips aside, homes appreciate 2%-3% annually and when there is a downturn in the market it is not like the horror stories you hear about in Florida or California. Take advantage of this time in the market and check into some of the great deals that are out there.
More good news...
This morning, I had a meeting with a sharp "young" guy who is getting ready to buy his first home. He wants to be well prepared for the process and understand exactly what he is getting ready to undertake. We spent a lot of time talking about the process. Indianapolis mortgage companies have many attractive loan products for qualified buyers and interest rates are at unbelievable lows! We discussed the pre-approval process and he will be meeting with a lender this week. We also discussed the process we would use to consider varioius homes for sale in Indianapolis. Broadripple is a definite possibility as is Carmel. We reviewed a purchase agreement before and he left my office with a blank one that he can read at his leisure. We discussed inspections and appraisals and the "meat" of the process. I'd say he's ready to jump into the real estate water! This meeting took an hour and a half and as a REALTOR it is a pleasure to see someone take the home buying process so seriously! It will be fun to help him find the right home. What about you? Are you ready to buy your first home? Are you ready to sit down with a REALTOR and plan your strategy?
But don't forget about Westfield. There are many fantastic Westfield homes for sale and they are usually more affordable than either Carmel or Fishers. The schools in Westfield are very good too and the city is doing a wonderful job of adding businesses, park areas and other things that make it a nice place to call home.
What a unique time in Indiana Real Estate! Our inventory levels of homes for sale offer many great buying opportunities at many price ranges and Indianapolis Mortgage Companies are offering really attractive rates. Buyers are finding they can buy more...and spend less...it's a great time to jump in! I was sitting in a closing this week and my buyer discovered his estimated mortgage payment had changed since he sat down with his lender in October...but for the better! His payment on his new $200,000.00 home had dropped by $70.00 a month! Homes in Indianapolis are more affordable than ever! It's a great time to work with a good REALTOR to find a bargain...bank owned homes are getting lots of press, and surely there will be more to come but there are many other resale bargains out there as well. Zionsville real estate has some tremendous bargains in resale. Take a look at this 
Bank Owned Homes Indianapolis is a popular Google search these days. Why is that? Well, because they represent a great opportunity for income producing property. What do you suppose people do when the bank forecloses on their home? They don't buy another one - they rent. As a result, Indianapolis real estate represents great potential for the investor who wants rental properties.
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