Wednesday, April 24, 2013

Weekly Rate and Real Estate Update, 4.24.13

Selling, buying and listing oh my!

Dan’s activity this week:

After much delay, that pesky inspection if finally wrapped up!  The seller’s asked for an extension to allow some contractors time to come out and give estimates.  In the end they are fixing all the issue to a tune of over $6000 so my buyers are happy, it just is close as we close next Tuesday!

My clients who purchased their home two weeks ago listed their home and it sold in 8 days!  So the buyer’s inspection is scheduled and we’ll be dealing with their response soon.

Wow, the closing from last week was eventful!  Nothing bad, just my client was in Chicago for business and left at 11am for our 4pm closing in Carmel.  Well many of the Chicago interstates were actually flooded!  With one lane open, it took her 4 hours to go 5 miles…so she wasn’t going to make the closing.  So I thought if her husband (who isn’t on the title) could get a Power of Attorney he could coming to closing and sign for her.  All good but she needed a notorized POA and she was driving down I-65!  So I had the title company find an afflicate title office in West Lafayette…she detoured there and signed the POA with about 15 minutes to spare, they faxed it down to Carmel, her husband made it in time and we closed the deal! 

Monday’s closing took all of 20 minuets!  This was the home being purchased by the Californian investor.  Great thing is all the buyer’s paperwork gets signed days in advance so my clients only had to sign a few documents and they are homeless!  No worries, we close on their home next Tuesday, the same clients who we just settled the inspection response with from above.

Another buyer, the one buying the renovated 1920 home in Indy, and I had a walkthrough, early.  We are closing a week from Friday but she is out of town for a conference.  The seller’s have a few things to do, clean, mow, etc but everything is looking good for that deal as well.

I’m taking out another buyer this Friday afternoon in hopes for finding her and her family a great home!  Again, they are ready to move out of her parents’ home.

Late last week I got two calls.  Both calls were from families looking to sell and upgrade, that’s 4 transactions!  What a blessing.  I’ve meet with both and I’ll be signing the listing contract with one of them next Tuesday to go on the market 5/7!  The other clients are getting their preapproval together so that they can see a clear picture of what their new home and the entire process entails. 

Finally, just at noon today, one of my clients accepted an offer on their property.  The second of my client’s parents passed away late last year and so it will be good to get this part of that process completed.  It’s an older home in Indy and it really hadn’t been maintained the last few years.  The inspection could be interesting to say the least.  Right now I’m just glad we got a good offer that worked out to this point.

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.64 percent to 3.61 percent for the week ended April 17, according to The rate for 15-year mortgages fell from 2.89 percent to 2.85 percent.

No comments:

Post a Comment