Wednesday, June 27, 2012

Weekly Rate and Real Estate Update, 6.27.12

It just keeps moving on..

Dan’s activity this week:

One inspection response done, one in negotiations and one home had an inspection today!  As soon as we wrap up these inspections the appraisals won’t be far behind!

Had a listing go live yesterday…a great home in Noblesville that is move-in ready.  Met with a family that is just at the beginning of their home evaluation…to move or not to move…no worries, I’m there to walk them through the process of that decision.  I’m providing information on their home and neighborhood and also showing them what the market has available for them to purchase.  If it doesn’t work out for them, at least they will get good information and great counsel to know if what they are doing is right for their crew.  This week I’ve also picked up two new clients, one that is ready to lease a home and one that needs to buy ASAP!  Man, do I really hate that…just kidding.

I have a closing on Monday, my toughest client, my wife!  We are tackling another renovation and can’t wait to start.  It’s a little scary, mostly exciting, but overall we can’t wait to get into our renovated home.  Watch the blog and Facebook page as she shares the ins and outs of a home renovation.  Tips, ideas, and pictures will be shared!

Oh yeah, and rates are still at historic lows!

Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.91 percent to 3.89 percent for the week ended June 20, according to The rate for 15-year mortgages fell to 3.16 percent from 3.17 percent

Wednesday, June 20, 2012

Weekly Rate and Real Estate Update, 6.20.12

Good times, great rates!

Dan’s activity this week:
So, I have 3 listings that have been sold and are waiting on Inspection Responses and Appraisals.  Always gut check time for sellers!  Let’s hope they maintained their homes to limit what the inspectors found and minimize any more out of pocket expense.  Then come in the appraisers!  I’m sure they love coming in and potentially killing deals.  There needs to be more accountability in that area of real estate.  After all, isn’t one of the best determinations of a home’s value, what someone is will to pay for it?  Imagine if NFL owners had an appraiser look at their contracts for players.  I’m sure the players would not be OK with some unknown knocking down player salaries because they didn’t believe they were worthy.

I have a closing tomorrow.  This out of town client came in as a referral!  Signed up new listing client this week, we go live next Tuesday!  Also meeting with two other prospects for potential listings and purchases within the next 6-12 months…it’s never too early to start working next year’s sales!

Lastly, it seems that good, let along great, inventory is way low.  The good homes are selling fast.

Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.92 percent to 3.91 percent for the week ended June 13, according to The rate for 15-year mortgages rose from 3.16 percent to 3.17 percent.

Wednesday, June 13, 2012

Weekly Rate and Real Estate Update, 6.13.12

Activity, Activity!

Dan’s activity this week:

A closing yesterday, one this afternoon, one next week, along with two listings that got offers yesterday (one of those received two offers!) makes for days that go by quickly!

Also met with a couple who is ready to sell and their home looks great!  Mindy met with a prospective client to give them their “to do” list to update the home for today’s buyer.  I have two prospects who I’ll be setting up meetings with to review their homes as they prepare to sell and buy locally and three investors all waiting on the right property to purchase.  It's a nice mix of clients!

My buyers are seeing homes that are priced right and in good condition going fast!  Out of 7 homes I wanted to show a buyer recently, 4 had received an offer, or multiple offers by the time we set the showing.  Gotta move fast....the market's on fire!

All this said, I’m glad to be able to help guide clients through this part of their life.

Rates for the Week

From the IBJ... The average rate for 30-year mortgages fell from 3.94 percent to 3.92 percent for the week ended June 6, according to The rate for 15-year mortgages rose from 3.15 percent to 3.16 percent.

Contact me here for more information and to start your home sale or purchase!

Friday, June 8, 2012

Foreclosure Friday, 6.8.12

Times are hard and many people have lost their homes due to the challenges in the economy. "Foreclosure Friday" is our way of bringing awareness to the availability and potential of distressed properties in the Central Indiana area. Buying a distressed home, whether if it's in Short Sale or already Bank Owned, is a great way to help stimulate the economy.

Here Are A Few Of Our Reasons Why:

-Sellers/Banks are able to depart from their current home
-Jobs are created for Realtors®, Contractors, and Suppliers
-Neighborhood home values can be regained
-Buyers may get a positive equity position
-Lonely homes get happy homeowners!

Our short list of distressed properties below are currently active on the market in the Indianapolis area. DM Irish does not own, nor have these properties listed, but rather is being a resource for what's available to purchase.

Stay tuned biweekly as we pass along homes in the area that might be a good match for you!  Need more info on one that catches your eye or want helping searching for any home in the area?

Home A

4866 sf including finished basement; 5 bedrooms, 3 full baths and 1 ½ baths
Carmel; Carmel Clay Schools
Foreclosure; Good condition, granite counters, hardwood floors, screened porch, cul-de-sac lot on .62 acres

 Home B

4262 sf including basement; 4 bedrooms, 3 full baths
 Carmel; Carmel Clay Schools
Foreclosure; Will need updating and some light reno, screened porch plus deck, sits on .40 acres

 Home C

 3020 sf plus 1255 sf in the unfinished basement; 4 bedrooms, 2 full baths and 1 ½ baths
Fishers HS, Hamilton Southeastern Schools
Foreclosure; Great corner lot on .32 acres with a 3 car side load garage

 Home D

3136 sf on a 1368 unfinished basement; 5 bedrooms, 2.5 baths
Hamilton Southeastern HS, Hamilton Southeastern Schools
Foreclosure; Bank has painted and put in new flooring and appliances, basement has plumbing roughed in
Home E
  1516 sf on 1516 unfinished basement; 3 bedrooms, 2 baths
Hamilton Southeastern HS, Hamilton Southeastern Schools
Foreclosure; the listing says its “stripped down to the studs” I say it’s the perfect canvas to create!  Remediation is completed and air quality tests are passed.

Wednesday, June 6, 2012

Weekly Rate and Real Estate Update, 6.6.12

Ready to close!

Dan’s Activity this week:
Four closings in the next 4 clients are ready to close!  All transactions are now moving along smoothly.  I have a new listing going live today that came out of the blue on Monday and that's always a nice surprise!  I picked up 4 solid leads and a few more that aren't so solid in the last week, which I am very pleased with.  Rates are incredible and people are ready to buy and/or sell!  

I've put together a great team to help you through the process.  It starts with my wife, Mindy.  As part of my services, she'll walk your home and get it "buyer ready".  It's not just staging!  My virtual tour is photographed by Kelly Gray with Tour Factory.  She always makes your home look awesome.  I have a mortgage partner, Mark Kuchik with Access National Mortgage, who will sit down with you and review where you are and how you can get to where you want to go... financially speaking of course.  Once we find that home, my inspector, Scott Surrette with Premium Inspection Services, will go over the home with a fine-tooth comb and find everything that needs to be addressed.  My real estate attorney, Jeff Bellamy with Thrasher Buschmann & Voelkel , is at hand in case something gets sideways.  To wrap it up, I have Brad Moss at Title Links who will bring everything together for a smooth closing. 

Just thought you'd want to know and see the great team of professionals that work with me to make your home transaction the best it can be.

Rates for the Week
From the IBJ... The average rate for 30-year mortgages fell from 3.97 percent to 3.94 percent for the week ended May 30, according to The rate for 15-year mortgages fell from 3.19 percent to 3.15 percent.

Sunday, June 3, 2012

Indy House of the Week, 6.3.12

The Indy "House of the Week"
is chosen by DM Irish to highlight what's available on the Indianapolis market
and to feature a home with a very attractive curb appeal!

Built in 1984, this 4 bedroom 2709 square foot home has a 1237 square foot finished basement.  This home has a large screened in porch and deck.  The kitchen provides hardwood floors, granite counters and stainless steel applicances.  The bonus room is on the main floor plus a large rec room in the basement.  All the bedrooms are upstairs along with the laundry room.  Great opportunity to be in an established golf course community in Carmel.