Our Local Market Trends.

MIBOR’s latest housing data released shows an increase in sales prices in the central Indiana housing market with a decrease in closed and pending sales.

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Here are some numbers:

Sales Prices:
-The average sales price of homes increased by 8.7 percent to $165,595 in the three-month comparison
-The median sales prices increased by 7.5 percent to $129,000 in the three-month comparison

Existing Homes:
-Existing-home sales fell in February compared to February of last year although solid growth was seen in prices
-The median existing-home price for all housing types in February was $189,000, up 9.1 percent above February 2013

Closed Sales:
-The number of closed sales in central Indiana decreased by 4.8 percent in the three months ending in February 2014 when compared to the same three-month period last year
-In February alone, closed sales decreased by 12.8 percent

Pending Sales:
-Pending sales decreased by 15.4 percent for the quarter and decreased by 12.5 percent in the one-month comparison

New Listings:
-New listings decreased 19.9 in February compared to February 2013 and inventory stands at 4.3 months

Mortgage Rates:
-The average rate for 30-year mortgages rose slightly from 4.45 percent to 4.5 percent for the week ending March 13
-The rate for 15-year mortgages rose from 3.46 to 3.51 percent

The Spring market has sprung. Whether you’re on the hunt for your first home or are ready to make a move up to your dream home, I am here to focus on finding the right home for your long-term and short-term needs. Contact me to answer any of your questions about our local market, the houses available, the trends and the home buying and/or selling process. I look forward to talking with you!

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Shake Off Old Man Winter! Here Are Some Spring Cleaning Tips.

Spring is OFFICIALLY here, so make use of this time to get your home back into the spirit of warmer weather.

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Here are some Spring cleaning tips:

Pack up winter gear. Stow the winter sleds, shovels, snow blowers, heavy coats and hats in an area of your home or garage that is out of the way. Make space for warm-weather supplies.

Say goodbye to closet clutter. Donate winter clothing you didn’t wear all season to charity. If you didn’t wear it this season, you won’t wear it next.

Raid the pantry. Take a look at your kitchen pantry (and refrigerator) and toss any foods that have expired. Give a good soap and water cleaning to the shelves.

Rid of the dust bunnies. Replace and/or clean the filters in your vacuum, heating and cooling systems, water purification systems and such.

Give a breath of fresh air. Strip the beds of their coverings, wash comforters, sheets, blankets and throws that you’ve been hibernating with all winter long.

Brighten your windows. Launder your curtains, dust the shades and wash the windows (both inside and out) to allow the Spring sunshine to make its way inside your home.

Share good books. If you’ve snuggled with good books all winter, donate those to the library or other local businesses to enjoy. Or, start a book share club on Facebook and share books among your friends to recycle reading materials.

Make a clean sweep. Get out the rakes, brooms, dust pans and oversized trash bags. Put some elbow grease into the yard and garage to clean up fallen leaves, trash that’s blown around during the winter and salt and grime that has settled in your driveway and garage from the rough winter.

So, shake off old man Winter and get out there and enjoy Spring cleaning your home!

Write a Solid Offer. The First Time.

Writing a competitive offer when buying a home allows you to get your offer accepted. The first time.

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Having a Realtor on your side who not only knows your local community and the housing market, but also how to help offer you advice on writing a great offer the first time is key.

It’s not just about being the “highest bidder” when writing offers, but rather the bidder who offers a competitive price and places the fewest restrictions on that offer. Think of it this way, as the seller, you prefer to work with less demanding bidders over those who may offer the highest price but have strings attached with the contract. So, when you write your offer with your Realtor’s advice and expertise, you need to do so with the seller in mind…for what they will be most likely to respond to with a “yes.”

So, how can you do this?

First and foremost, rely upon your Realtor for research. What are other similar homes selling for in the area? Your Realtor can pull comps of other homes in the market like the one you want to buy and give you their original list price and for what dollar amount they’ve recently sold. Having these comparative numbers gives you a great starting point for the going rate on homes like the one you’re trying to buy. With that knowledge, your offer will be a solid, substantiated bid.

Be an educated buyer. Know your mortgage pre-qualification. Having the budget in-hand before you write that offer will eliminate the guesswork. Save yourself and the seller the disappointment of a sale that doesn’t close. Use the number you know you can comfortably afford and be sure you don’t raise your bid beyond that comfort zone. This will keep you from having any trouble at the closing table.

What if you’re not the only bidder? Your Realtor will know if there are other offers on the table for the home. When offering a bid with multiple bidders, the sale price of the home will usually be greater than its asking price. Writing a competitive offer is critical in this instance and having your Realtor’s expertise when writing that bid will give you a greater chance of getting that offer accepted.

Appeal to the emotions of the seller. Yes, buying a home is a financial transaction, but it is also an emotional one. The seller is attached to the home, has memories there, has worked to refurbish it and make it what it is today. Likewise, you have an emotional attachment to it…that feeling of “this is the one” when you walk through the front doors. In a competitive market especially, a creative way to add to your offer is to write a personal letter to the seller explaining why you love the home so much, how you see your family living there and give your emotional plea. What you say may just be the push that seller needs to choose your offer.

So, rely upon your Realtor, who spends hours of the week in the market knowing the ins and outs of the homes listed, sold and that didn’t sell. Use a number you know you can afford, and is a fair selling price in the market. And, keep in mind that selling and buying a home is an emotional transaction. Get your offer accepted the first time!

Looking for a new home? I would love to help you. Contact me today to get started! I have years of expertise in our market and would love to help you. Follow me on Facebook to see my current listings, goings on in the Geist and Fishers area and more!

Geist is Getting a New Park!

Exciting news from Fishers Parks & Recreation…we will be getting a new park, located on the southeast corner or 101st Street and Cyntheanne Road in Geist.

The park is slated to open later this year and includes incredible family-friendly amenities such as a 50-foot sledding hill, trails for mountain biking, walking and hiking as well as a nature plan for children to explore.

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Here are some important notes about this fantastic addition to our Fishers parks:

-1 to 1-1/2 miles of progressive dirt mountain bike trails
-1 to 1-1/2 miles of paved walking and hiking trails
-a 50-foot sledding hill
-a fishing pond
-tree houses, with at least one accessible per the Americans with Disabilities Act
-nature play feature, including sticks, rocks and natural elements for children to explore
-picnic shelter and restrooms
-reforestation of the property to enjoy

Once the weather improves later this month, you’ll start to see the ground breaking efforts to build this impressive park. To keep up-to-date on the construction efforts, follow Fishers Parks & Recreation on Twitter at @Fishers Parks.

This park will be a great addition to the Geist area!

Fishers Community Art Master Plan Recognized

This month, the Indiana Chapter of the American Planning Association will award the Town of Fishers the 2014 Planning Award for Outstanding Plan. The award ceremony will take place during the spring conference at Ball State University. In December, Fishers made the landmark decision to implement the Community Art Master Plan, making it the only town in Hamilton County with an approved document outlining its long-term vision for public art. This 2014 Planning Award for Outstanding Plan is a tribute to the organizations that worked together to bring this vision to life. 

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“Arts and culture play a key role in creating meaningful public spaces,” stated Town Council Representative David George. “This Plan outlines Fishers’ commitment to community art as an essential component of economic development, and provides opportunities where people can interact with art and one another.”

“The Fishers Arts Council identifies new arts opportunities and connects creative people, organizations, businesses and volunteers together to bring those opportunities to life in Fishers,” explained Fishers Arts Council President Jocelyn Vare. “Seeing this begin as an idea and evolve into a working plan for the community is exciting, and we are very proud to have been a part of the process.”

The Town of Fishers collaborated with The Fishers Arts Council and the Fishers Cultural Tourism Group to take input from the art community with municipal policy, creating a thorough plan with instant credibility. To learn more about the Fishers Community Art Master Plan, or to take part in the conversation about community art, click here.

Kick Start Your Spring Home Projects!

Ready to shake off winter…even just for a few hours? Well, you can at The Indiana Flower & Patio Show, which features over 40 extravagant showcase and exhibitor gardens crafted by Indiana’s premier landscapers, hundreds of outdoor living experts, and thousands of ideas to get your spring project inspiration.

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This event takes place at the Indiana State Fair Grounds and is Indiana’s premier outdoor living show, and while flowers and patios are at the core of what is featured, you will also find over 400 outdoor living exhibitors for decks, hot tubs, grills, outdoor kitchens and furniture, pools, water features, potted plants, tools, pools, patio pavers, ‘green’ products, yard art and more. Click here for more information on the exhibitors and sponsors.

The show opens March 8th and runs through the 16th. Monday through Wednesday the hours are 10a – 7p, Thursday through Saturday, 10a – 9p and Sunday 10a – 5p. Admission is $13, and children 12 and under are free. Click here for an online coupon to save $3 off one general admission ticket. Also, there is a $5 facility charge per vehicle that you pay upon entering the Indiana State Fairgrounds.

Get inspired for your list of spring projects!