Wednesday, April 17, 2013

Weekly Rate and Real Estate Update, 4.17.13

Tax Day is behind us, let the market pickup again…

Dan’s activity this week:

So one of those inspections from last week is all wrapped up while we sent over the other inspection response to the seller’s and will hear back Friday!  I know the radon is high and there are other items to address so it will be interesting to see what they will be willing to correct or pay to have corrected.

That appraisal that we were waiting on came back and we are all OK!  Thank goodness, that could have really thrown a wrench in the works.  So we are passed inspection and appraisal on that sale and now to wait on closing in late May!

The walkthrough and closing from last week went off without a hitch!  Now to sell their current home!  We had 4 showings over the weekend with two of those buyers expressing interest and a second showing tonight…it would be great to sell it this week!

The closing tomorrow is on track, all that’s left is the final walkthrough and for me to get the lockbox off the home.  My newly married clients will be happy to be down to only 1 home!

Another closing next Monday, the sale of my clients home to the investor out of California buying 10,000 homes across the USA!  That’s the second home I’ve sold him…maybe another one in the works too!  Those same clients are then scheduled to buy a home closing on April 30.  That same week, I have yet another closing for a client who is buying a home down in Indianapolis.  It is a fully renovated home that was built in 1920 and it looks great.  It still has lots of character.

The Swedish family is still contemplating one of the homes we saw a week ago.  Also, the Chicago retirees came in town unexpectedly.  The drove by 18 potential homes and ruled out 17 of them!  So we saw the one remaining…and that also go ruled out…good thing they haven’t sold their place in Illinois yet.  Last, yesterday I went back out with my local family needing to buy soon…you can only live with your parents so long right?

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.73 percent to 3.64 percent for the week ended April 10, according to The rate for 15-year mortgages fell from 2.95 percent to 2.89 percent.

 Call or email me here to start your home sale or purchase process, 317.910.4293

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