Indianapolis, IN Real Estate News

By Harrison Painter, New Media Consultant
(GoGladiator Media)
My good friend Ben Tupper, owner of Team Tupper web design, will be helping Gladiator and codeRed work on some video stuff this summer to get our blog up to the next level! He was the creative genius behind the Gladiator Real Estate Group website, and I am looking forward to working with him again. Here is the promo clip they have been working on for Team Tupper: As you can imagine, 2009 is going to be a very exciting year! Gladiator will be working hard to meet our goals of getting the video blog from a creative concept to reality over the next 6-12 months! Our mission is to provide our out of state investors with as much information as possible about the properties we sell, and become the #1 real estate investment company on the planet! Have a Profitable Day Everyone! Harrison Painter  
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By Harrison Painter, New Media Consultant
(GoGladiator Media)
It is official, and you are not going to believe the price! The Gladiator ZERO DOWN & CASH FLOW Program Offering >>>>  $48.500!!!!! <<<< Here are the exterior pictures I promised you! For more information, call us today at: (317) 871-1000 Have a Profitable Day Everyone! Harrison Painter Gladiator Real Estate Investments specializes in investment real estate. We use intensive search techniques to locate high potential investment real estate. We then package in such a way that our clients can review it and see if it will fit in their investment property portfolio. Our claim to fame is the "ZERO to 5% DOWN PROGRAM" that we offer on our turn-key investment properties! We keep our pricing low, quality of our rehabs high, and treat every single investor as a VIP. We look forward to assisting ...
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By Harrison Painter, New Media Consultant
(GoGladiator Media)
codeRed, a Stellar Job, and another Passed Inspection! Today is the day! I did my final walkthough of the property tonight and it looks amazing! Here are the interior pictures for you, but the guys were working late to meet the deadline, and it was dark outside by the time I finished the inspection. So I will have all of the exterior photos for you tomorrow. Here is the kitchen w/ ceramic tile: Family Room w/ Berber carpet: Main Bedroom Suite: Bedroom 2: Bedroom 3: Full Bath Sink: Full Bath Spa Tub: Dining Room: Half Bath: Laundry Room: Utility Sink: Dining/Family Room: This was a very smooth project and the home will make an investor a very solid return. We are looking at a market rent of $750 to $800, a beautifully rehabbed property, and a Warren Township location! This is the time th...
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By Kim Carpenter, Creating friendships, one home at a time!
(Trueblood Real Estate)
Under the new Neighborhood Stabilization Program, Hoosiers may now be eligible for a $15,000 grant.  The requirements are: The money must be used for repairs, downpayment or closing costs You have to stay in the home for a minimum of 3 years The purchase must be for a primary residence There are income requirements also Funds may not be available in all parts of Indiana Indiana will be receiving more than $83 million with $29 million of that allocated to Marion County. These homes are not always in bad condition or in bad areas, there are some very nice foreclosed homes and this is a great opportunity for you to do your part to revitalize a neighborhood!  If you have always thought about purchasing a foreclosed home but the repairs scared you, this may be your answer.  Call a Realtor, ...
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By Kim Carpenter, Creating friendships, one home at a time!
(Trueblood Real Estate)
I attended a "State of the Indianapolis Market" presentation sponsored by Centex Homes yesterday!  It was nice to see an optimistic approach to our market instead of the doom and gloom the media spills out on a daily basis!!  The following is what I took out of the presentation: With today's rates, you can purchase a home in the $200K range for what you could buy a $150-$175K home in 2006 Lawrence Yun - Chief Economist for the National Association of Realtors feels that the new legislation will bring 300,000 additional first time buyer's to the market and for every first time buyer purchase, two homeowner's move up, creating an additional 600,000 purchasers for a total of 900,000 additional buyer's in 2009.  If Indianapolis could capture just 1% of those buyer's that would be an addtion...
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By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
OPEN HOUSE SUNDAY MARCH 1, 12NOON to 2PM 6145 N Riverview DriveIndianapolis, IN 46208 www.6145riverviewdr.com $224,900 3 Bedrooms / 2.5 Bathrooms3,610 Sq. Ft.Lot Size: 108x217   Map & Directions   Photo Gallery Virtual Tour   Single Family Home Vintage 1950 classic with large rooms, archways and new windows . Parquet floors, 2 fireplaces, and walk-out basement attracts the most distinctive buyers. Built for comfort, this home also offers 3 BR, 2 ½ BA, many built-ins, including a china cabinet in formal DR, ceiling fans, crown molding, 2 cedar closets, and a large bar in the basement. Glass block windows accent several areas including the 4-season sun room. The office/den opens onto the large wooden deck which is accessed by the storage loaded walk-out basement. This home has a new furna...
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By Shawna Ebersole, Greenwood, IN Real Estate
(Keller Williams Realty)
I don't have any proof of this, but I am quite certain that my jaw literally dropped when I heard the headline above come across the 11:00pm news last night. I absolutely can't believe it! Yes, I've been surprised at times to hear of some other builders going under. I know Davis Homes really caught me off guard when that happened a year or so ago. But CP Morgan? Seriously??? These were the big boys. These were the ones that were always sponsoring realtor lunches, trips to Colts games, gift cards, all that fun stuff. What happened? I'm sure this is the same question that a lot of others are thinking as well...current homeowners, realtors, contractors, suppliers, those that have already put money down towards the building of their new home. So many people have been effected. But the peopl...
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By Kim Carpenter, Creating friendships, one home at a time!
(Trueblood Real Estate)
If you, like a lot of homeowner's, are wondering why your taxes are going to pay for your neighbors mortgage when they over bought, you are not alone.  If you saw CNBC's Rick Santelli's on air rant on Thursday, you are not alone. Where does it leave those who did not over buy, who pay their mortgage, well Robert Gibbs says it will cost you an average of $1,000 which he says is better than those properties foreclosing and dragging your property values down with them. Want to know what the values in your neighborhood are doing?  Click below and find out: Kim Carpenter "Kimsellsindy.com" - Geist/Indianapolis Real Estate Agent Keller Williams Realty Indy Metro NE Geist/Indianapolis IN Real Estate Website 317-509-4000
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By Nathan Pfahler
(ReMAX Ultimate)
So, this past Sunday afternoon and I held an open house at my charming Fountain Square listing. I was pleasantly surprised with the turnout on that cold, wintry day- unhappy with the fact that it has started to flurry again; I'm definitely ready for spring! Had good traffic through the open house- approx 6 groups of potential buyers through the front door- 1 20-somethings couple relocating from Wisconsin to our beautiful city, 1 group of 4 adults, a Fountain Square neighbor and 1 family of 3, and another group or 2. It always amazes me the different types of people that appear interested in certain homes. There are the young professionals, the retirees, the first-time homebuyers, the "right-sizers", those that are fervent about a neighborhood or area, historic home aficionados, and thos...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Pike Township real estate market in January 2009:   2008 2009 % Change Active N/A 655 Homes Sold 57 64 12% Average Selling Price $114,676 $117,706 3% Days on Market 90 105 17% Price Per Square Foot $63 $60 -5% OK, something must be wrong. We don’t see an increase in both the number of homes sold and the average sales price do we? It appears that we do! Let’s not get too excited, something tells me we should be cautious before we celebrate too much. Nonetheless, this is good news to see an increase in both the number of homes sold and the average sales price. We will have to see what the months ahead bring, but let’s hope it is more of the same. If you are looking for a home in Pike Township, please visit our Indianapolis real estate website to sea...
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By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
  When:   February 20 - March 1, 2009 Hours:   Friday, Feb. 20 3 pm - 9 pm Saturdays, Feb. 21 & 28 10 am - 9 pm Sundays, Feb. 22 & Mar. 1 10 am - 5 pm Monday-Thursday, Feb. 23-26 3 pm - 9 pm Friday, Feb. 27 1 pm - 9 pm Where:  The Indiana State Fairgrounds' South, west, Champions and Toyota Blue Ribbon Pavilions and the Pepsi Coliseium.  $9 for adults, $7 for children (6-12).  For more information call 765-641-7714   If you are thinking of moving, we can help you sell or find your new home.  Give us a call today! Heather Fitzgerald, REALTOR Realty World Harbert Company, Inc. 317-885-8858
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By Bill Foxworthy, Jill Turner, Real Estate - Indianapolis, Fishers, Carmel
(Carpenter Northeast)
OPEN HOUSE SUNDAY FEB 22, 3PM to 5PM 6145 N Riverview DriveIndianapolis, IN 46208 www.6145riverviewdr.com $224,900 3 Bedrooms / 2.5 Bathrooms3,610 Sq. Ft.Lot Size: 108x217   Map & Directions   Photo Gallery Virtual Tour   Single Family Home Vintage 1950 classic with large rooms, archways and new windows . Parquet floors, 2 fireplaces, and walk-out basement attracts the most distinctive buyers. Built for comfort, this home also offers 3 BR, 2 ½ BA, many built-ins, including a china cabinet in formal DR, ceiling fans, crown molding, 2 cedar closets, and a large bar in the basement. Glass block windows accent several areas including the 4-season sun room. The office/den opens onto the large wooden deck which is accessed by the storage loaded walk-out basement. This home has a new furnace, ...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Lawrence Township real estate market in January 2009:   2008 2009 % Change Active N/A 896 Homes Sold 111 86 -23% Average Selling Price $132,751 $129,558 -2% Days on Market 85 107 26% Price Per Square Foot $71 $67 -6% As you can see, the Lawrence Township market is very similar to its Hamilton County neighbors; posting a pretty big decrease is the number of homes sold while only seeing a slight decrease in average price. The average days on the market did increase by 26% while the average price per square feet was down by 6%. Overall though, not too bad considering. If you are considering purchasing a home in the Lawrence Township area of Indianapolis, please visit our Indianapolis real estate website to search for homes available. You may also wan...
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Ever hear that little voice in your head say...nahhh, I can't do that, I don't know how, it can't be that easy, there must me some trick to it...etc. The bad news is that little voice never shuts up, and is never going away. But here is the good news...those people who succeed, acknowledge the voice, say "thank you for sharing" and act anyway. That is what is called courage. You are not your thoughts...just like you are not your arm, or your leg. Most people get stopped by their thoughts. Whether you are investing in Indianapolis foreclosures or looking for cash flow properties to fund your retirement, we show you how to quiet that voice step by step while holding your hand in the real estate investing process. And we guarantee when you buy a house from us or invest in us it will be sim...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Indianapolis real estate market in January 2009 for homes under $500,000:   2008 2009 % Change Active N/A 7072 Homes Sold 689 529 -23% Average Selling Price $86,535 $78,116 -10% Days on Market 93 89 -4% Price Per Square Foot $53 $46 -13% It looks like 2009 is starting off with a continuation of 2008’s trends: market activity is way down and the average sales price is also down. We must also understand that this is a very broad look at the market as this report covers all homes in all price ranges in the city of Indianapolis. In addition, this report is not indicative of the overall metro Indianapolis market. I have not run the numbers yet, but I have a feeling that market reports of Carmel Indiana real estate and Fishers real estate will show some...
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By Jim Thomas, Private Real Estate Advisor For Fishers, Indiana
(RE/MAX Legends Group)
Have you had a client you can't get to respond try this email.   Good Morning Client,   I am sorry we were not able to meet yesterday.  Perhaps you’re not ready to undertake a move right now.  Perhaps you’re thinking about it for some time in the future.  If so, I understand.  May I make a suggestion?  When you are ready to talk about planning your move, you’ll know how to get your questions answered for free.  So please feel welcome to contact me when you’re ready.   On the other hand, if you feel I didn’t offer you a solution to your real estate needs, I respect your point of view.  If this is the case, our current business relationship might not be a good fit.  If you wish to pursue other avenues, please reply to this email and I will remove you from our call list.    Best wishes,   ...
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4 bedroom 1 bath house in a great neighborhood and school system. Cash flow over $300 per month. After repaired value $80K plus, avail of at our EZ price of $65,000. The home has been completely remodeled and we guarantee $750 per month in rent whether your tenant stays or goes. Cash on cash return of over 28 percent and a net worth increase of nearly fifty grand. Buy this house, and the income stream it provides, as a turn key cash flow property or let us package it with 5,10, or 15 others and build yourself a vehicle to replace your income now vs. later.
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By Erik Sale
(EZ Key Real Estate)
How to sell a house in a down market. Well selling houses these days seem to be the trick. Priced right or with the right terms houses are moving. Investors who know the opportunity that is abound right now...yes "right now" are jumping in. Those with the cash, credit, or creativity, and courage, know that now is the time to buy for cash flow and start building a portfolio today that will keep you from working tomorrow. Here is a great article from our friend and expert Wendy Patton. If you have not yet read her book on lease options, it is a must for your library. See our recommended reading list from http://www.amazon.com on our blog http://www.ezkeyre.blogspot.com/. We use her strategies every day for cash flow properties and our Indianapolis foreclosure investing. Selling in a Down ...
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By Erik Sale
(EZ Key Real Estate)
Well selling houses these days seem to be the trick. Priced right or with the right terms houses are moving. Investors who know the opportunity that is abound right now...yes "right now" are jumping in. Those with the cash, credit, or creativity, and courage, know that now is the time to buy for cash flow and start building a portfolio today that will keep you from working tomorrow. Here is a great article from our friend and expert Wendy Patton. If you have not yet read her book on lease options, it is a must for your library. See our recommended reading list from http://www.amazon.com on our blog http://www.ezkeyre.blogspot.com/. We use her strategies every day for cash flow properties and our Indianapolis foreclosure investing. Selling in a Down Market. What Can I Do? ©2009 by Wendy ...
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