Indianapolis, IN Real Estate News

By Pat Haddad, ABR, CRS, ePRO, GRI, Carmel, Fishers, Westfield IN Real Estate Expert
(Keller Williams Indianapolis Metro NE)
  The sobering news earlier this week that Indianapolis home sales have plunged more drastically than anyone expected might have some Indianapolis homeowners wondering if a strategic mortgage default is their best option. After all, there’s a good possibility that stalled sales and a huge inventory of Indianapolis homes for sale could lead to further price declines, meaning many more borrowers will owe more on their homes than they’re worth. Why not just walk – make that run – away? Because, experts warn, no matter how dire your circumstances, a strategic default (purposefully walking away from your mortgage debt) will probably only create additional pain and problems for you and your family.  The consequences of a strategic default are long-lasting and include: Ruined credit Inability ...
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By Pat Haddad, ABR, CRS, ePRO, GRI, Carmel, Fishers, Westfield IN Real Estate Expert
(Keller Williams Indianapolis Metro NE)
  Help is on the way for Indianapolis homeowners looking to avoid foreclosure! On September 1, 2010 the Indiana Foreclosure Prevention Network (IFPN) will team with the Indiana National Guard to offer free workshops to homeowners in danger of foreclosure. The foreclosure workshops will be held at National Guard Armories across the state. Homeowners will have the opportunity to meet with trained foreclosure prevention counselors who will advise borrowers on the alternatives to foreclosure and help navigate the process. Homeowners planning to attend a workshop should bring the following documents: • Monthly mortgage statement • Information about other mortgages on your home, if applicable • Utility bill in mortgagee’s name showing current address • Two most recent pay stubs, documentation...
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By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
Do you have what people think is a crazy idea, but you believe it is great? Here are some very interesting thoughts from some very intelligent people:   "There is no reason anyone would want a computer in their home."- Ken Olson, president, chairman and founder of Digital Equipment Corporation, 1977   "I think there is a world market for maybe five computers."- Thomas Watson (1874-1956), Chairman of IBM, in 1943   "The concept is interesting and well-formed, but in order to earn better than a ‘C’, the idea must be feasible."- A Yale University management professor, in response to student Fred Smith’s paper proposing reliable overnight delivery service (Smith went on to found Federal Express   "We don’t like their sound, and guitar music is on the way out."- Decca Recording Company, reje...
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By Tonda & Steve Hoagland, Real Estate - Greenwood Homes for Sale - Central I
(Keller Williams Realty)
Homes for Sale in Decatur Township, Indianapolis IN -- offered by The Hoagland Group     6720 Millhouse Road, Indianapolis IN  46221 - $410,000   Hard to find 17.28 acre parcel in Marion County - Indianapolis IN! Spacious (over 3600 sq ft) brick home with 4 BR, 3 ½ bath, LR, FR, DR, basement, and 2 car attached garage. Property includes a heated pole barn (60 x 40) with concrete floor suitable for home based business, vehicle storage, or fabulous workshop! Bring your horses! There is a 7 stall barn & ample acreage for pastures, riding or boarding. Country setting -- yet only minutes to I-465 and the Indianapolis airport!     More Property Details for 6720 Milhouse Road - including a Virtual Tour Originally posted by The Hoagland Group on Active Rain Blog     View Larger Map of 6720 Milh...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
I must admit when the month of August comes, it is always a bit slower in Real Estate for me and it is during those times that I strategize. My latest strategy is around people who are relocating to Indianapolis. There seems to be a lot of people moving here in various industries. My daughter is a photo journalism major and to also keep her busy before school starts; she helped me create a video to use to help company's relocate people to the Indianapolis area. Let me know what you think?
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By Chanda Barrick, in referral
(Keller Williams Indy Metro Northeast)
I don't know if I am more aware of my surroundings this year or if there really are a lot more species of butterflies out, but another one of these guys flew right into my car today as I was unloading some items.  He hung out for a while right inside the door until he hopped out and stayed in the grass for a while.  Unfortunately, I was not able to get a good picture...I thought I had a good close up but they all came out blurry...Bummer, because it really was a beauty!
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By Chanda Barrick, in referral
(Keller Williams Indy Metro Northeast)
How often do you get an opportunity to get up close and personal with a butterfly?  This little guy actually hung around my house for a couple of hours today.  Seeing them brings a smile to my face, just the same as hummingbirds do.  I don't know what it is, but they seem to calm your nerves even on the most stressful days...    
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By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
The internet. The "information superhighway" as it was called. Anyone else feel as if that highway is jammed with traffic? I imagine it as a six-lane highway stacked with cars, trucks, semis, delivery vehicles, motorcycles, bicycles and pedestrians all moving at light speed.   But ain't that why the internet is so popular? We have an unbelievable amount of information at our poorly-typing, misspelling fingertips. Google some simple term and you'll get millions of options. Try "home repairs." I got 121,000,000 results. That enough information for you? Or get more specific and search "Indianapolis Dentists" for 367,000 results. How about we get really descriptive, like "homes for sale under $200,000 in Avon, Indiana." Can't be that many, eh? How about 30,900 results?   The nice thing is t...
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By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
Monday, August 9th is "Carpenter Realtors® Night" at Victory Field as the Indianapolis Indians AAA baseball team hosts our agents and their families and friends for a night at the Ol' Ballgame.  In cooperation with the Indianapolis Star newspaper, Carpenter has challenged its agents to increase their activity levels and hold record numbers of Open Houses during the month of July.  For every Open House held, the agent receives a reserved box seat for the Monday night game.  Based on the results of the first three Open House Sundays in July, we are anticipating over 800 to attend the August 9th game. Flyers, posters and penants have been distributed to each Carpenter office to promote the challenge.  Individual branches as adding to the promotion with fun activities at their weekly sales...
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By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
  Welcome to the information society!I don't know what it is about our human need for information, but I like it. We're extremely curious with a deep need/desire to get answers to our questions. It's not enough to know the ocean's deep - we have to know how deep, what lives there and what we can gain from that knowledge. We're fascinated by outer space; to see more of it, visit it, find other life forms. What about society's mysteries? We‘re driven to find out whodunit, where it's hidden, why it happened.Will we ever finally have too much information? I doubt our human brains will ever admit to being "full" and not want more.More information is one main reason we selected the vendor for our new callcarpenter.com web site ... more information than anyone else can offer when someone's sea...
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By Chanda Barrick, in referral
(Keller Williams Indy Metro Northeast)
Broad Ripple Village Real Estate Market Report Following is the market report for the area known as Broad Ripple Village as of August 2nd 2010. July was a relatively slow month in regards to real estate activity.  Last year's sales were double what they were this year.  Most numbers were down compared to last month except the number of solds which actually were up 31% over June's numbers. UPDATED REMINDER: The extension of the Tax Credit for New Home Buyers (or those that haven't owned in 3 years) requires you close on your home before October 1st.  Your purchase agreement should have been fully executed by April 30th.  If not, you will not be eligible to claim the credit.   If you need to amend your return  and don't know what you need to do in order to claim the credit or if you're i...
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By Shirley Soforic
(F. C.Tucker co.)
I can honestly say that is the "64,000" question!  Back when the $64,000 Question was a TV show, most of us were "banking" in our minds another 10% equity in our home, and it continued until the "bubble" burst in the past couple of years.  They told us it was coming!  It came with a vengeance!  We leveraged our homes to buy a new car, send the kids to college, make room additions, give the kids a helping hand BUT a lot of us used it to pay off collective debt from those high interest credit cards.  Does this sound familiar?  Well it should, because this behavior has been rampant UNTIL NOW. This is where a little self analysis comes into play.  You need to answer some serious questions for yourself.  Do I need to move?  Why am I moving?  What if I wait?  You questions should be about NEE...
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I received a call from a prospective client.  She was very much involved with her bank over a short sale of her personal residence.  She had not made her payments for several months, because she was in a struggle with the bank to lower her interest rate.  Her house was upside down.  She was with another Realtor that was unable to help her, because he lacked the knowledge.  I have been a Realtor for a very long time, however, have not yet specialized in short sales.  I really wanted to help her.  I really wanted the listing.(you know! another feather in our cap) But, at the same time I did not want to put this lady thru another 6 months of limbo.  What to do...?  What to do...?  Maybe I could do it....but maybe was not good enough.  I took a self crash course last night on the internet, ...
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By Chanda Barrick, in referral
(Keller Williams Indy Metro Northeast)
Wow, this process is not for the faint of heart!  I have a client who fell in love with a condo, we placed an offer, negotiated, and came to an agreement...We are all pleased as punch until her lender asks "Is the condo on the FHA Approved Condos List?"....This was my second Condo transaction of the year and I wasn't asked this question with the previous transaction so I was a bit baffled by what she meant. Google being my friend and all leads me to regulations that were passed earlier this year which require any condo being financed via FHA to be on this "FHA Approved Condos List".  Upon further research I find that the community is NOT on the list.... EEEK!...That's essentially the response I get from the majority of lenders.  Not many are familiar with the process and would prefer th...
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By Shirley Soforic
(F. C.Tucker co.)
No Matter how seasoned you are, you feel "it".  Things just don't seem right?  So you are a veteran in this business and you still feel "it".  You tend to take "it" personally.  Your phone is not ringing off the hook.  No one wants to see houses. This is your last pending.(but you closed 5 transactions last month).  Still "it" is still there.  Oh Wow, maybe its that double dip recession they keep talking about.  Why did they stop the bailout?  How long will "it" last this time?  Yo get a little scared.  You call your title friends and ask "how is "it"?  You never call your competitors .  You think they are having good successwith "it".  A week has gone by and you start to take "it" personally.  What am I doing wrong?  Maybe I should get a new hairdo.  Maybe I sould change companies.  Ma...
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By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
Jamie McMurry wins Brickyard 400!  The same Jamie McMurray who won the Daytona 500.  McMurray is one of three race car drivers to win both the Daytona 500 and the Brickyard 400 in the same year! Congrats to Jamie McMurray and his crew.   For all of you racing fans and visitors of Indianapolis, thank you, we appreciate you and hope to see you again.  If you frequent Indianapolis, IN because of racing, business or vacationing, it might be a benefit to buy a condo or home close by rather than stay in a hotel or motel annually. We work with many real estate investors and buying a second home or vacation home is a real estate investment. For additional information about buying or selling Indianapolis, IN real estate contact the SmithFitzgeraldTeam.  We have some terrific real estate deals!  ...
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There are a few sayings on my wall, that have been there for years.  One of them being, "if you have to eat a frog, ..swallow the biggest one first.  All of us have had problems looming at us every morning.  If you do not face problems in the real estate business, you are "not in the business" .  I have been a seeker of knowledge about this business forever.  I'[ve been to all of the seminars, Tommy Hopkins, Floyd wickman, and the like.  There are so many that I frankly do not remember.  I sent my two son in laws to the Tommy Hopkins boot camp, over 20 years ago.  From each seminar, I was able to take at least one idea away to implement into my business. How many times do we all put the hardest, most difficult, most scary, most impossible situation to the bottom of the pile.  That is wh...
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By Shirley Soforic
(F. C.Tucker co.)
Then become a Realtor.  In addition to the normal ups and downs of everyday life, real estate can really add to your emotional roller coaster.  A good example of this is the following:  HIGHS                                                               LOWS YOU WRITE AN OFFER                                        ITS NOT ACCEPTED OFFER ACCEPTED                                              DIDN'T APPRAISE, BUYER NOT APPROVED, INSPECTION STINKS CLOSE TRANSACTION                                        BUYER BACKS OUT, BANK OUT OF MONEY,  Interest rates jump, New federal regulations, money is tight, mold, radon, and the list goes on and on.                        This is an everyday occurrence, for those of us who choose this profession.  Our lives are affected, in the same way our client...
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By Matt Borushko, Carmel, Fishers and Noblesville Realtor
(Keller Williams Realty)
Local House Values Local House Values Find out the Value of Homes in Your Area, or what Homes have Sold for recently. Keeping an eye on the Real Estate Market these days can be critical in making informed decisions on Home Buying or Selling your Home. Fill out the form below to receive your personalized Housing Market Report! These report are real-time MLS market update and trend analysis overviews. They provide the most current sold data, active listings, inventory, and days on market counts in Your Area.
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By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
      Its summertime, that special time of the year when residents and visitors spend plenty of time outdoors.  The summer brings many events, activities and things to do in Indianapolis, Indiana! The 80th Annual Marion Fair starts TODAY and for today only the admission is $1.00.  The fair runs from July 22 through July 31st and is located in Indianapolis IN.  The Marion County Fair has been around since 1930 is a not for profit corporation owned and operated by the Marion County Agricultural and 4-H Club Fair association, Inc.  Its a week filled activities for everyone! A calendar of events can be viewed on their website, MarionCountyFair.org as well as discount coupons.  Great food, entertainment, rides and a tribute to our troops makes for a fun family night or nights that is afford...
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