Weekly Rate and Real Estate Update, 2.29.12

Small increases

Low Rates = Happy Homeowners.

Refinance, buy or build new now is the time!

Dan's Activity this week:

The activity has picked up and with a great new listing on the market in Carmel that’s good news.  Today I firmed up a new listing in Noblesville that will come on early April. The two short sale offers my clients have in are being met with some challenges, we’ll see if can wrap those up or if it’s time to move on.

From last week “Shadow Inventory”  - The inventory of homes not listed for sale that are past 90 days delinquent on their mortgage payments that in are in process but not foreclosed on or are foreclosed on but not for sale yet.  Experts estimate that Indiana has 5-9 months of Shadow Inventory yet to be released for sale.  Those experts also predict that when, and if, that inventory is released to the market it will cause a 5% price drop across the board in 2012, even with the increase buyer activity.  So price it right to begin with and mitigate that potential loss early.

Rates for the week:

From the IBJ: The average rate for 30-year mortgages rose from 4.1 percent to 4.16 percent for the week ended Feb. 22, according to Bankrate.com. The rate for 15-year mortgages increased from 3.35 percent to 3.38 percent.

 Contact me, Realtor® Dan Irish, here for more information and to start your home sale or purchase!

Indy House of the Week, 2.26.12

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!

Great ranch built in 1988 with 4 bedrooms, 3.5 bathrooms and a walk-out basement.  The home also features a den and over 4,000 total sq ft. The home has an updated kitchen and bathrooms.  It has an open floor plan with cathedral ceilings.   The basement includes a full bath and bedroom.  There is a spacious screened-in porch.  The home is located near numerous stores, coffee shops & restaurants and is within walking distance to Geist.

$319,500

Contact Realtor® Dan Irish here to see this or other homesin the Indy area!

The Voice of the Agent: "The Scoop on Kitchens and Baths"

When you walk a home and view it for your family, you’re taking all things into consideration.  Layout, flooring, location, price, and……condition!  You’ve heard it said a million times that investing into your kitchens and baths will pay off in the long run.  While it is quite possible to over improve for your price point, making wise choices with updates to your kitchens and baths is your best investment for your home overall.

Why is that?  Those areas involving plumbing, electrical, flooring, cabinets, and bottom line, functionality, really add up and hold weight in a home.  Not only do they cost a ton of money to operate, update, and maintain, it’s the heart of the home and it’s where owners spend a lot of time on a daily basis.  Having those primed and ready to go when your home goes live on the market is always a plus and it’s one less thing (with 15+ areas attached) that buyers will have to complete.  Unless it’s a distressed sale, no one wants to buy a home with an attached to-do list.  If you’ve ever seen a home sit and linger on the market before, I’d wager to say they’re outdated on the kitchens and baths AND they unrealistically want way too much money for the home.  That’s a recipe for a slow sale!

Planning a move soon or maybe in the next five years?  I encourage you to have me out to discuss your home’s value and I’ll bring my wife Mindy along, too.  She runs the General Contracting and design side of our business and together we can give you complimentary tips to get you started on your home improvements.  Want to take your projects to the next level and not sure where to start?  Mindy consults with clients to help renovate their small projects and she might be a good fit for your next overhaul!  Planning for your next redo….now that’s time well spent!

Email Realtor® Dan Irish Here!

Weekly Rate and Real Estate Update, 2.22.12

15yr and 30yr rates down

Rates dropped this week so try to take advantage of the little dips. Refinance, buy or build new now and lock it in for the long haul!

 

Dan's Activity this week:

Last week's Open House was a success! Seven groups through with 3 or 4 ready, real buyers. The weather sure is cooperating during these “winter”open houses. New listing come on the market Tuesday, February 28^th. Another is getting prepped as we speak to go live early April!

I’m registered for a webinar on “Shadow Inventory” this week. 

Don’t know what it is or how it may affect your life…check back next week!

Rates for the week:

From the IBJ: The average rate for 30-year mortgages fell from 4.14 percent to 4.10 percent for the week ended Feb. 15, according to Bankrate.com. The rate for 15-year mortgages fell from 3.36 percent to 3.35 percent.

Contactme, Realtor® DanIrish, here for more information andto start your home sale orpurchase!

Indy House of the Week, 2.19.12

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!

 Great location and appeal.  This 4 bedroom, 2.5 bath home is just off Allisonville Rd across from Conner Prairie. Kitchen features quartz countertops, beautiful tile backsplash & all appliances. Breakfast bar and breakfast room are open to family room that features built-ins & gas log fireplace.  The home also features a finished basement and 3 car garage, full rear fence, and 9 foot ceilings.

$284,900

Contact Realtor® Dan Irish here to see this or other homes in the Indy area!

Foreclosure Friday, 2.17.12

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?

Email Realtor® Dan Irish Here!

Home A

5200 sf including finished basement; 5 beds, 5 baths

146th and Cherry Tree; Carmel Schools

Bank owned; Newer construction; Custom home; Excellent condition and TONS of bells and whistles; May have never been occupied, but can confirm.....Gorgeous!

 Home B

3999 sf including unfinished basement; 5 beds, 3 baths

County Rd. 300; Zionsville Schools

Bank owned; Needs some cosmetics; Great amount of space; Laminate wood floors, fire place, 3-car garage

 Home C

1470 sf plus a small cellar; 3 bed, 1 bath

Third and Walnut; Zionsville Schools

Bank owned; Restored Cival War-era home and part of the Zionsville Historical Society; Carriage house with in-laws quarters; New carpeting; All historical features including doors, hardware, floors, trim and more....and even a white picket fence!  Great for old-home lovers!

 Home D

1705 sf on a slab; 3 bed, 3 bath

131st and Cumberland, Fishers; HSE Schools

Bank Owned; Screened porch with water views; Open layout; Needs some cosmetics

Contact Realtor® Dan Irish here for more info on any home above or to talk about your housing plans and goals!

Weekly Rate and Real Estate Update, 2.15.12

15yr and 30yr rates tick up...but not by much...

Rates are up just a bit, but they are still so incredibly low that its hard not to want to take advantage of them.  Refinance, buy or build new now and lock it in for the long haul!

Rates for the week:

From the IBJ: The average rate for 30-year mortgages increased from 4.12 percent to 4.14 percent for the week ended Feb. 8, according to Bankrate.com. The rate for 15-year mortgages rose from 3.34 percent to 3.36 percent.

Dan's Activity this week:

Last week's Open House was a success!  Three ready buyers and all three expressed good interest.  It was one couple's first time through the home and they plan to come back through this week! 

Let's hope the weather holds out for my Open House at a different property this coming Sunday!  Also this week, landed a couple of solid leads (showing one of them a home tonight) and a new listing coming on at the end of the month.  Today, having lunch with the Fisher's Chamber of Commerce for the "State of the Town".
    

Contact me, Realtor® DanIrish, here for more information andto start your home sale or purchase!

Indy House of the Week, 2.12.11

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!

Old is the new new…this home has 1709 square feet with a basement in Carmel!

 Located in Carmel's new neighborhood Inglenook. The neighborhood focuses on sustainable living & design while fostering a strong sense of community. Detail throughout in the wood trim, built-ins, hardwoods, fireplace, granite & premier cabinetry. Smart design creating a bright atmosphere & well planned living areas. Home is framed, but can be finished in 6-8 weeks.

 $320,500

 Contact Realtor® Dan Irish here to see this or other homes in the Indy area!

The Voice of the Agent: "How to time up a sell and buy."

How do we get this all to work out just perfectly?  We're trying to get our home ready for the market, listed, sold, and then shop for a new one, offer, and purchased.  Whew....How does this all pan out?

 

The complex, scientific answer to that is: One step and one day at a time!  And, it's not scientific at all.  There is no magic formula that says if you list by this date, at this price, that this many buyers will see your home and this many offers will come through by this certain date.  Really, it can be all about a hurry-up-and-sit-and-wait type of process, but add in a little patience on the side of all parties and we're off to a great start!

 

It takes time to get your home ready to sell and you want to do it properly and not in a rush.  Buyers can see the little things that get missed or are done carelessly.  You want to be priced competitively so your home is not too high in the range for your area.  And, over the course of your ownership, we're hopeful that you've kept the home maintained and updated with the times.  That really helps in the sale of the home!

 

You can look at homes for sale while yours is listed, but if you're not in a position to buy before selling, you could be setting yourself up for some heartache.  Just know that in due time with your proper price and condition, that your home will sell and your buyer will come along just when the next home that's meant for you is ready for you.  Easier said than done, I  know!

 

We live in a world of instant, hurry up and get it done.  In housing, it just isn't so.  This is your biggest investment and you've spent a lot of time and money on this property.  So don't expect a deal to happen and be complete in a few days.  Sure that happens on occasion, but in this market, bottom line, it just takes time!  Rest assured, too, that not every one that comes through your home has to love and beg for it to be theirs.  We don't have to impress all the buyers, just one!  It just takes one buyer to get the deal done!

 

When it's all said and done, the best equation comes from a well-priced home in excellent condition, a diligent Realtor®, an educated and patient client, and a happy buyer.  Mix it all in with a little time and a dash of patience on top and we're sitting at SOLD!

 

Contact Realtor® Dan Irish Here for info on buying and selling a home in Central Indiana!

Weekly Rate and Real Estate Update, 2.8.12

15yr and 30yr rates tick DOWN!

Much like the Patriots receivers, both rates dropped this week!  After the excitement of the Super Bowl here locally, the housing market is getting ready to get HOT, so get your preapproval ON!

Rates for the week:

 From the IBJ: The average rate for 30-year mortgages fell from 4.25 percent to 4.12 percent

for the week ended Feb. 1, according to Bankrate.com. The rate for 15-year mortgages fell

from 3.45 percent to 3.34 percent.

Dan's Activity this week:

I have two upcoming Open Houses planned over the next two weekends!  Let’s hope the weather continues to cooperate.  This time of year you never know when a snow or ice storm might interrupt your well-laid plans and promotion of an Open House.  Watch my DM Irish Facebook page for info on the dates, times, and locations....then stop on by!

Contact me, Realtor® DanIrish, here for more information and to start your home sale or purchase!

Indy House of the Week, 2.5.11

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!

This home has 3430 square feet with a finished basement in Carmel!

It has a spacious kitchen with custom cabinets. The great room has a fireplace and built-ins. The homes as both a formal dining and living room. It boasts a newly added upper master bedroom suite and bath. The backyard also has an in-ground pool with privacy fence.

$334, 000

Contact Realtor® Dan Irish hereto see this or other homes in the Indy area!

Foreclosure Friday, 2.3.12

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?

Email Realtor® Dan Irish Here!

Home A

5000 sf including finished basement; 4 bedrooms, 5 baths

Olio and 126th, Fishers; HSE Schools

Possible Short Sale; .45 acre lot, custom neighborhood, granite, hardwoods, irrigation;

Great find with many excellent qualities and features; some cosmetics needed

 Home B

Refeature!

4962sf including unfinished basement; 4 bedrooms, 4 baths

SR 32 and Hague, Noblesville; Noblesville Schools

Pre-foreclosure; Amazing layout and setting, character features, needs cosmetics

Home C

3400 sf including unfinished basement; 4 beds, 3 baths

116 and Allisonville, Fishers; HSE Schools

Short Sale; Superb price for a home on a basement, nice location, cul-de-sac;

Needs repairs and cosmetics

Email Realtor® Dan Irish here for more info on the above homes or

to set up your own home-specific search in the Indy area!

Weekly Rate and Real Estate Update, 2.1.12

15yr and 30yr rates tick up

Welcome to February.  I don’t know where you live, but it sure feels like Spring!  While I’m sure we’ll get our fair share of Winter, the unusually warm weather makes it feel like the selling season has begun!

Rates for the week:

From the IBJ: The average rate for 30-year mortgages rose from 4.18 percent to 4.25 percent for the week ended Jan. 25, according to Bankrate.com. The rate for 15-year mortgages rose from 3.39 percent to 3.45 percent.

Dan's Activity this week:

FYI…short sales can be frustrating.  Two clients have offers in on properties that are short sales and the process can be challenging.  It’s not only that it moves slowly, it’s that a lot of the time you just don’t get any information as to what’s going on.  An update that there is no update is still an update!  While good and great deals on short sales are possible, be prepared for the long haul.

Contact me, Realtor® Dan Irish, here for more information and to start your home sale or purchase!