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Westfield, IN Real Estate News

By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
Everyone has their own reasons for owning a home; some for investment purposes, others for equity, tax breaks, and stability.  How do you know if owning a home is right for you? Family, friends, media and real estate professionals all tout the pros and cons of homeownership, often making it even harder to make a decision. Buying a home involves a large investment of time, energy and money. Therefore, it is important to look at several facets involved in owning a home.  If you are trying to decide whether now is the time for you to buy a home, here are just a few of the aspects to consider:  Financial Stability-unless you have lots of cash sitting around or the means to legally get it, you will need to obtain a mortgage to purchase a home. With the recent real estate market bubble burst...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
   Once a Seller has decided to negotiate for a short sale, the next step is to know what goes into the Short Sale Packet because the majority of the information to be included will come directly from the Seller. Therefore the Seller must be cooperative and willing to undergo the data gathering process, which can be time consuming and often frustrating. It's also important to note that each Lender has specific package requirements and it is imperative that the package be submitted accordingly. The following are items to be included in the Short Sale Packet as a request for consideration of short sale:  • Short‐sale cover letter - this is a one page overview of what you are requesting and what is contained in the packet.  • Authorization Letter- this gives the Lender permission to provid...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
Looking at the housing statistics for Westfield from June 2009 and comparing them to the statistics for June 2010, we see some positive differences indicating an improving real estate market. Even though the total number of homes that sold went down, from 57 homes sold in June 2009 to 31 sold in June 2010, the average sales price rose significantly from $204,855 to $240,255. The increase in sales price indicates that homes have started to regain some value they lost from the housing bubble burst. Sellers in Westfield also enjoyed quicker sales, with the average number of days on market dropping from 82 to 51. One reason for quicker sales may have been the government tax credit motivating buyers to buy and buy quickly.   Westfield Real Estate Statistics                June 2009 June 2010...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
Looking at the real estate statistics for the first half of this year, the market in Westfield, IN remains steady. From January through June 2010, 249 homes were on the market and 94 were sold. The average number of days on the market dropped from 61 days in the second half of 2009 to 29 days in the first half of 2010. Buyers continue to find good deals, but sellers are not giving their homes away either-sellers received 97 percent of their asking price for the first half of 2010. The most active neighborhoods in Westfield were Countryside with 22 homes sold and Centennial with 17 homes sold.     Westfield Real Estate Statistics-January through June 2010 Active listings 249 Sold listings 94 Pending listings 33 Average Sales Price $210,316 Low Sales Price $40,000 High Sales Price $899,00...
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By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
Westfield IN Short Sales Short Sales     Have you been struggling to make your mortgage payments and are not sure what to do? Have you spoken with your lender to see what options are available for your Westfield IN Real Estate?     I know it can be tempting to just bury your head in the sand and just ride out what is being thrown at you.     It is not the best option for most of you, if not all of you. Give your lender a call and see what your options are.     If you are thinking about listing your home as an Westfield IN Short Sales Short Sale, which is one option that your lender might suggest, make absolutely sure that you real estate agent has Short Sale experience. I don’t just mean one Short Sale. They should have numerous Short Sales closed to be able to handle your Short Sale ef...
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By Heather Fitzgerald, REALTOR Greenwood Indiana Real Estate
(REALTY WORLD-Harbert Company, Inc.)
Many homeowners are upside down on their homes due to the values dropping so significantly in many areas.  On top of that, you could be dealing with divorce/separation, job loss, etc., and maybe even all of the above.   You do have options to consider for your Westfield Real Estate other than foreclosure. One of those options is a Short Sale.   You might be eligible for a Short Sale.   When looking into a Westfield IN Short Sale, you will want to call an experienced Short Sale agent.   Ask how many Short Sales the agent has closed in the last year, how long they have been doing Short Sales, how many they currently have listed?   These are important questions to ask your real estate agent, as they don't need to execute their first short sale utilizing your home and your future for their...
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By Pat Haddad, ABR, CRS, ePRO, GRI, Carmel, Fishers, Westfield IN Real Estate Expert
(Keller Williams Indianapolis Metro NE)
Westfield Indiana is a one of Hamilton County's best kept secrets! A thriving community of about 24,000, Westfield has that elusive combination of small town charm combined with nearby big-city amenities! And it's located in Hamilton County Indiana, named by Forbes magazine in 2008 as the Best Place to Raise a Family! Just 20 miles north of Indianapolis IN, Westfield's roots were established in 1834 as a Quaker community. Later, it became a critical safe haven on the Underground Railroad. Historic reminders of those eras can be found in the Asa Bales Park and adjacent Westfield slave cemetery. Today, Westfield residents enjoy a variety of excellent subdivisions with home prices to fit every budget, as well as many athletic, shopping, and outdoor venues. Walking and  biking trails meande...
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By Ryan Crozier, Avon Indiana Realtor
(Red Door Real Estate)
Westfield Indiana Short Sales Here is a display of current short sales in Westfield Indiana. Simply click on them for more information! Search more Westfield Indiana Real Estate. See the latest Real Estate Listings in Westfield Indiana. Ryan "Tiny" Crozier is an Indianapolis Real Estate Agent with RE/MAX Excel Realtors in Avon Indiana. If you have any questions, please don't hesitate to call me @ 317.313.4240.
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By Indianapolis Home Inspector, Rob Rehm
(BPG Property Inspection Services)
Childproofing Your Home: 12 Safety Devices to Protect Your Children About 2.5 million children are injured or killed by hazards in the home each year. The good news is that many of these incidents can be prevented by using simple child-safety devices on the market today. Any safety device you buy should be sturdy enough to prevent injury to your child, yet easy for you to use. It's important to follow installation instructions carefully. In addition, if you have older children in the house, be sure they re-secure safety devices. Remember, too, that no device is completely childproof; determined youngsters have been known to disable them. You can childproof your home for a fraction of what it would cost to have a professional do it. And safety devices are easy to find. You can buy them a...
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By Indianapolis Home Inspector, Rob Rehm
(BPG Property Inspection Services)
1. Plunger A clogged sink or toilet is one of the most disturbing problems that you will face. With a plunger on hand, however, you can usually remedy these troubling plumbing issues relatively quickly. It is best to have two plungers -- one for the sink and one for the toilet. 2. Combination Wrench Set One end of a combination wrench set is open and the other end is a closed loop. Nuts and bolts are manufactured in standard and metric sizes and because both varieties are widely used, so you’ll need both sets of wrenches. For the most control and leverage, always pull the wrench toward you, instead of pushing on it. Also, avoid over-tightening.  3. Slip-Joint Pliers Use slip-joint pliers to grab hold of a nail, a nut, a bolt, and much more. These types of pliers are versatile because of...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Westfield real estate market for October 2009:   2008 2009 % Change Active N/A 250 Homes Sold 47 42 -11% Average Selling Price $215,365 $207,803 -4% Days on Market 75 83 11% Price Per Square Foot $90 $91 1% Sales Price / List Price 96% 97% 1% For some reason, we are not seeing the big shift in numbers in Westfield like we are seeing in other areas that are inevitably linked to the tax credit. The number of homes sold is better than the YTD average but it is still less than last year which is a shock because we have seen other areas show dramatic swings in their numbers. If you are looking to buy or sell a home, please visit our Westfield Indiana real estate or our Indianapolis real estate website for more information and to search all homes for sa...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
According to the National Association of REALTORS® Government Affairs Division, Congress has extended and expanded the First time homebuyer tax credit. The following chart is an overview or you can listen to the podcast:      Click here to learn more First time homebuyer home search
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
  Westfield Market Update - October What's the housing market look like in Westfield IN? According to the Metropolitan Board of Realtors, there were 483 single family homes and condominiums on the market in Westfield, IN., at the end of October, which is a 16% decrease from the same period last year. In October of 2008, there were 573 active listings.  The average list price in the area was $245,873 and the average sales price was $234,565.  During the month of October there were 59 homes that sold averaging 95 days on the market, a slowdown from October 08, which averaged 68 days on the market. Recent sales may be indicators of perceived value. Additionally, there were 40 pended sales or homes ‘under contract' waiting completion. Sellers are receiving an average of 95.5% of list price ...
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By Michael Taylor
(Red Door Real Estate)
Here is what happened on the Westfield Indiana real estate market for September 2009:   2008 2009 % Change Active N/A 255 Homes Sold 55 36 -35% Average Selling Price $243,560 $253,790 4% Days on Market 93 77 -17% Price Per Square Foot $102 $103 1% List Price / Sale Price 96% 96% The number of homes sold in Westfield is significantly fewer than say Carmel or Fishers so it may be more apt to show drastic swings from month to month. Whereas last month we saw a 22% increase in the number of homes sold; this month we see a 35% decrease in the number of homes sold in Westfield. The average sales price increased 4% over last years number. YTD we are seeing a 23% decrease in the number of homes sold and actually a 1% increase in average sales price. Not too bad…considering. If you are looking ...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at the Westfield Indiana real estate market report for July 2009:   2008 2009 % Change Active N/A 286 Homes Sold 46 48 4% Average Selling Price $251,876 $258,905 3% Days on Market 81 89 10% Price Per Square Foot $103 $103 05 I tell you what, sometimes I just don’t know what to make out of this market. The Fishers and Zionsville reports were terrible this month, Noblesville was mixed and here is the belle of the ball Westfield with an increase in both number of units sold and average sales price. In addition, the absorption rate for Westfield is a very healthy 6.93. Let’s hope this continues. If you are considering purchasing or selling a home, please visit our Westfield real estate website for more info on the Westfield real estate market. You may also be interested in a...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
  Westfield Market Update  We keep hearing that the market is picking up in Westfield IN. Well, is it? Based on the following data on housing in Westfield, it sure looks like it.  Currently, there are 309 homes on the market, ranging from $3,190,000 to $64,995. Most of the higher priced homes are located at the Bridgewater Club and Viking Meadows. So, if you want pricy in our great community, we've got pricy. On the other hand, if you are a first time homebuyer, wanting to use your $8000 tax credit, before November 30, 2009, now is the time.  Home sales increased 66% in June. WOW! Also, pended sales jumped to 78 in June from 47 in May. Pended sales are those still under contract, waiting to get to the closing table.  The average list price of homes dropped 27%, again making it a great o...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
      People buy homes for many reasons; some psychological and some financial.  So, let's talk about each.  We've all been told since childhood that owning a home is part of the American Dream.  And guess what? This just might be your chance to join millions who had the same dream.  There's nothing like being in control of your surroundings which can give a sense of emotional well being. Autonomy and pride of ownership are two examples of how homeownership can be psychologically fulfilling.  Autonomy  Although you can't put it all in words, there's something special about owning your own home.  Maybe it's because you have a certain amount of freedom that you don't have if you rent. For instance, if you want to paint your walls a certain color or landscape the way you prefer, you don't ...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
Charles McMillen, President of National Association of Realtors orchestrated an outstanding summit in Washington DC with members of Congress and the Senate on real estate and our current economic situation.  He outlined the four goals to be addressed:  The first goal was to share ideas on what can done on the public policy front to help stimulate real estate and the economy To encourage more advocacy related to current issues pending in Congress Generate more coalition support for key programs that will stimulate housing such as the Homebuyer's Tax Credit and mortgage interest deduction Lastly to help the media to receive insight on what is happening in real estate  Issues of deregulation, the liquidity standards for bankers and the realization that conversations about the market will c...
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By Anna Stout
(F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale)
Westfield Market Update - April  We keep hearing how real estate is local.  Well, based on the latest article by CNN money, it looks like Indianapolis, IN is on its way up! CNN says that Indianapolis is the nation's most affordable place to buy a home due to declining home prices, low interest rates, and good paying jobs. Even adjacent communities such as Westfield are also experiencing a decline in home prices, which also contributes to these statistics.  Let's take a closer look:  Currently there are 406 home sales in Westfield, IN ranging in price from $2,499,000 to $64,995.  Inventory is starting to decrease with 112 new listings in April 09 as compared to 121 in April 08. The average sales price is 6% lower than the same time period last year and the average list price has also dec...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Westfield Indiana real estate market for homes under $600,000 in January 2009:   2008 2009 % Change Active N/A 261 Homes Sold 31 23 -26% Average Selling Price $192,012 $210,938 10% Days on Market 104 98 -8% Price Per Square Foot $88 $81 -8% The number of homes sold is still down over last year quite substantially, but the average sales price is up by 10% since the same time last year. It should be noted that with only 23 homes selling, this is far from indicating a trend. However, any positive gain in average sales price is always a good sign. Also, the absorption rate, or number of month’s supply of homes, is a very healthy 5.42. This number alone indicates a pretty balanced market and offers a quick look at the overall health of the market. West...
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