Wednesday, September 26, 2012

Weekly Rate and Real Estate Update, 9.26.12


Rates drop!!!

Dan’s activity this week:
So happy for my clients who are now in their new home…this is the foreclosure that we closed on last Thursday.  Now the next phase of work begins for them, unpacking and making it a home.  Along with some of the normal foreclosure projects like installing shelving in closets, re-hanging all the interior doors, etc all the fun stuff you find in the distressed market! 

It’s quite a turnaround for my short sale buyers this week.  Believing this deal was dead, we went out and saw about 6 homes this weekend and then on Monday we got word of a verbal acceptance!  So, the race is on to get financing done by mid-October, schedule the inspection and the excitement of a family getting the home they love! 

Great activity on my other listings since last week, multiple showings on each and good interest expressed.  Actually, right now I’m playing phone tag with an agent who saw one on Monday.  I believe we’ll get a couple of offers within the next week or two on a few of these great homes.

I guess you all are listening because I got an email from an agent who has a client interested in a few of my client’s rental properties.  Let’s hope for my client that we can move some of these as they have become a boat anchor for them.

Again, save the date of Sunday, October 14th from 3-6…that’s when the 1st Annual Irish Fall Family Fest will be unleashed!  Invites have been mailed out so here it is!  If you read this blog with regularity, you are invited!  Just email, call or text me to RSVP. 



If you haven’t seen it yet or want to see it again…our renovation project is updated so click HERE to see the latest!

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell to 3.70 percent from 3.81 percent in the week ended Sept. 19, according to Bankrate.com. The rate for 15-year mortgages fell to 2.95 percent from 3.04 percent.


 Email me to start your home sale or purchase process here!

Wednesday, September 19, 2012

Weekly Rate and Real Estate Update, 9.19.12


Rates stay steady, again...

Dan’s activity this week:

Looks like Hamilton County will have one less homeless family tomorrow afternoon!  The mortgage company got everything to the title company on time and now we are just waiting to see the preliminary HUD statement.  My clients are so excited and so ready to get out of that hotel room, get moved in and get settled and on with their life.

We may have reached the end of one of my client’s ropes.  Short sales do not treat you well, especially when you are put under additional pressures like living with relatives…days feel like weeks, weeks feel like months.  I know from personal experience.  I’ve put my family (a baby and dog included) into my mom’s house for 6 weeks waiting on a short sale that “should get the OK to close tomorrow”.  Don’t get me wrong, sleeping on an air mattress is fun for about 2 minutes but 6 weeks puts your whole life in a pressure cooker.  After all that, if they can wait this out, I know my clients will get the right home for them and someday, someday this will all be a distance memory and the joyous memories of a family in their home will be all that is left.

So after 4 showings yesterday and more scheduled for this week, we have a couple of interested buyers in this new listing in Carmel.  It would be great for my clients to finally get this home sold so they too can move on to the next stage of their life.  Funny, right now I have clients on both end of the family spectrum.  A couple young families are buying their “college home” meaning the home they intend to live in until the kids are finished with college.  At the other end, I have clients whose kids are almost done and out of the home!  

Another one of my listings is also receiving good interest.  We are priced right and now ready to sell.  Next, if anyone is interested in owning rentals, I have a client who is selling his 6 homes in the NE corner of Indy.  He is motivated to contact if slightly interested.

Save the date of Sunday, October 14th from 3-6…that’s when the 1st Annual Irish Fall Family Fest will be unleashed!  Invites have been mailed out so here it is!  If you read this blog with regularity, you are invited!  Just email, call or text me to RSVP.   



If you haven’t seen it yet or want to see it again…our renovation project is updated so click HERE to see the latest!

 Rates for the week
From the IBJ... The average rate for 30-year mortgages rose from 3.79 percent to 3.81 percent in the week ended Sept. 12, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 3.04 percent.

 Email me your info or to start your home sale or purchase process here!

Wednesday, September 12, 2012

Weekly Rate and Real Estate Update, 9.12.12


Rates stay steady...

Dan’s activity this week:
We are just waiting on the mortgage company to say when they will be ready to close on my client’s purchase of the foreclosure in Westfield.  Lenders are very busy still with all the refinances along with increased home buying.  Originally we were set to close next Thursday, however, everyone wants to close this one as early as we can so this Friday may still be an option!

The short sale is still slowly moving along.  It looks like the HUD statement got wrapped up and the deal is off to the Mortgage Insurance company to see it they will accept their loss in this deal.  Sometimes those guys are the sticking point and not necessarily the banks themselves, but I still like to blame them all!

I had great activity on my listings over the last week.  The new listing in Carmel had a couple of showings but more importantly one group that saw the home was really reading the Seller’s Residential Sales Disclosure which is a good sign they have more than a casual interest.  Another listing had multiple showings along with a second showing.  Although we haven’t received an offer yet I think we are getting pretty close.

Save the date of Sunday, October 14th from 3-6…that’s when the “secret” project is set for!  Invites should drop by the end of this week so if you read this blog with regularity, are in the Indy area but don’t think I have your mailing address and email, feel free to email that to me so I make sure to get you included for this event.  Below is a sneak peak at the invite...

If you haven’t seen it yet or want to see it again…our renovation project is updated so click HERE to see the latest!


 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.80 percent to 3.79 percent in the week ended Sept. 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.03 percent to 3.04 percent.


Saturday, September 8, 2012

Foreclosure Friday, 9.7.12



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


 Carmel; Carmel-Clay Schools; Foreclosure; 4212 sf including finished basement of 2220 sf; 5 bedrooms, 4 full baths and 2 ½ baths, 2 fireplaces; 4 car garage; 0.47 acres; den with full wall bookcases; the kitchen overlooks the hearth room with a fireplace; walked clients through this home on day 2 of the listing, now sitting on the market 172 days; it will needs some updating for sure but it’s in a great neighborhood in Carmel…make an offer!


 Home B



Carmel; Carmel-Clay Schools; Foreclosure; 4359 sf home with 2181 sf basement; 5 bedrooms, 5 full baths and 2 ½ baths; .57 acres; Originally listed at 1.59 million now approaching almost half that!; Second Empire design; too many features and options to list so just call me and let’s go see it!

 Home C


  Carmel; Carmel-Clay Schools; Foreclosures; 3507 sf plus 1672 sf in the unfinished basement; 6 bedrooms, 4 full baths;
.58 acres with a 3 car side load garage; Home is dated and will need at a minimum of freshing up but could probably use a full renovation.


 Home D

 McCordsville; Hamilton Southeastern Schools; Foreclosure; 3386 sf on a 1683 finished basement; 6 bedrooms, 4 full baths and 1 ½ bath; 3 car side load garage; Great neighborhood; homes needs updating and could use some renovations; nice screened in porch and large deck; A little TLC and some elbow grease will do this home well!
  

Home E


Carmel; Carmel-Clay Schools; Foreclosure; 2168 sf on 1180 unfinished basement; 4 bedrooms, 2 full baths and 1 ½ bath; .48 acres; 2 car front load garage but it has the storage of a 3 car garage at least; large screened in porch looks over a fenced back yard; home will need renovations; home is in great established neighborhood (I should know I grew up there myself!)

Home F


 Indianapolis; Carmel-Clay Schools; Foreclosure; 1.5 acres; Built in 1886!; Home will be sold via Auction on October 20, 2012 at 10am; Open House October 13 & 14 from 1-4pm; 2556 sf with 748 below grade, probably a cellar type

Home G

Fishers; Hamilton Southeastern Schools; Commercial Foreclosure; 1.98 acres; Bed and breakfast in an excellent location; You know where this home is; 10-12 room possibility; conference center, barn, storage shed, and garden shed. All guest rooms have private baths. This is ideal for an owner user, special interest groups, corporate retreats, and more.
  

Wednesday, September 5, 2012

Weekly Rate and Real Estate Update, 9.05.12


Rate drop!

Dan’s activity this week:
Inspection is done and out of the way on the foreclosure purchase, now as long my buyers financing moves along at a normal pace we should be good to close in a few weeks!  A few more measurements for improvements and they’ll be homeowner’s again!

There was sign of life over at our Bank of America short sale!  The HUD statement, which banks have completed before final approval of a short sale, was “tweaked” this week, adding some fees, changing some others.  Maybe this will complete that process and get us on to closing!

That “out of the blue” call on the Carmel listing is fully developed!  They are listed with me and Active on the market as of a few hours ago.  This Past Client Referral is what makes all the hard, consistent work worth it!  Now time to sell this home.

The “secret” project we are working on is moving along, the post card has been designed and the database is getting cleaned up!  If you read this blog with regularity, are in the Indy area but don’t think I have your mailing address and email, feel free to email that to me so I make sure to get you included for this event.

If you haven’t seen it yet or want to see it again…our renovation project is updated so click HERE to see the latest!



 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.91 percent to 3.80 percent in the week ended Aug. 29, according to Bankrate.com. The rate for 15-year mortgages fell from 3.12 percent to 3.03 percent.