Wednesday, December 5, 2012

Weekly Rate and Real Estate Update, 12.5.12

A Home for Christmas!

Dan’s activity this week:

OK, so now both of these closings are THIS Friday!  Everything has worked out so the additional inspection items, although not painless, didn't kill the deal.  The “first right of refusal” buyer had the buyer of their home speed up their closing, so that allowed us to close on the 7th vs. the 14th or 17th.  My clients (and I!) are happy about that one!

We did get some activity on the newer listing, but it’s still a very slow time of year (I’m sure I’ll repeat that one a few times).  Still good online activity so people are looking, but as I’m sure you can attest to, everyone’s schedule is jam packed with Christmas events, Santas, pictures, parties, shopping, etc.

All that said, I signed a new listing last night that will be on the market next Tuesday!  I’m excited to get this home sold and find the next home for this great family. 

Well, the two buyer’s offers from last week didn't go anywhere.  The banks just weren't quite ready to wheel n’ deal yet.  So, onward to the next homes we go…

I also met with the client referral from last week.   We are looking at a Spring listing and a purchase somewhere in the area.  They aren't sure quite what they want yet and the options are all over the place from building to existing to historic within Indy and Hamilton County.  TBD!!

So, again, a nice consistent week in the Real Estate world…let’s keep it rolling forward!

Rates for the week
From the IBJ... The average rate for 30-year mortgages dropped from 3.53 percent to 3.52 percent in the week ended Nov. 28, according to The rate for 15-year mortgages was unchanged at 2.86 percent.

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