Showing posts with label Indianapolis Realtor. Show all posts
Showing posts with label Indianapolis Realtor. Show all posts

Wednesday, June 11, 2014

Weekly Rate Update, 6.11.14




From the Indiana Business Journal: The average rate for 30-year mortgages rose from 4.25 percent to 4.32 percent in the week of June 5, according to Bankrate.com.  The rate for 15-year mortgages rose from 3.35 percent to 3.41 percent.



Call me to get a market summary of your area or to start your home sale, purchase, or new build 
317.910.4293

Monday, June 9, 2014

MIBOR Data Monday - 6.9.14

MIBOR Data Monday!

Each week I'll provide the latest, informative data 
on the local Real Estate market and its activity in 
Hamilton County and the entire MIBOR 10-county geographic area.

This week the data is New Listings, Closed Sales and Median Sales price data.  Data provided is pulled from the latest MIBOR Market Data available. It is based off the 12-month rolling average.

                                         Hamilton County             MIBOR
     New Listings                         +0.7%                    +4.7%
              Closed Sales                        -15.8%                    +1.7%         
     Median Sales Price                 +9.1%                    +5.5%
  
As you can see in Hamilton County not many new homes coming on the market, which is causing the closings to drop and prices to increase.  This is good for sellers, but its tough on the buyers.

MIBOR is the professional association that represents central Indiana REALTOR.  MIBOR members serve home buyers and sellers in Boone, Brown, Hamilton, Hancock, Hendricks, Johnson, Marion, Montgomery, Morgan and Shelby counties,

Tuesday, November 12, 2013

Comps & Coffee!

Comps and coffee

Planning to sell your home soon or want an update on its current value?  Contact Realtor Dan Irish via phone, text or email to attend one of his complimentary "Comps & Coffee" 30-minute meetings.  Talk house, find out what the market's doing in your area and enjoy a cup o' joe on him!

Weekly on Wednesdays at 5:30, 6:00 or 6:30PM
at Hearthstone Bistro, 116th Street in Fishers

Realtor Dan Irish, ERA Real Estate Links
Placing in the top 4% of ERA agents nationwide for 2013!
317.910.4293     dirish@realestatelinks.com

Wednesday, August 28, 2013

Weekly Rate and Real Estate Update, 8.28.13

Summer is still going!

Dan’s activity this week:

So for many of my listings the showing activity picked up last weekend…other listings have made recent adjustments either to price or even added upgrades as a result of market feedback.  As I tell my clients…when you list your home we have to listen to what the market is saying either they’ll come through the home and give actual feedback or they won’t even come through the door!  Regardless, the market is speaking to you.

One of my listings that we have an accepted offer on got the all clear on the appraisal and we came to terms with the inspection so we are all set to close mid-September!

Another home had its inspection on Monday and we are waiting to receive the Inspection Response sometime before the end of Saturday…we’ll see how that one goes!

So in addition to the two homes that have accepted offers and the 11 listings I’m currently selling and the 11 buyers I’m working with, I have two clients building new homes…one just had their basement dug this week while the other clients just signed their initial paperwork.  They look to finish late Dec this year and sometime in late Feb early March respectively. 

I also learned that my big “Lunch and Learn” at that a local company has been pushed back.  That company is a big one and they are just starting their Wellness program and want to make sure that they are ready and can really make an impact on their employees…I can’t wait to get the opportunity!
  
Looking for a home or just want to see what’s out there? Download my App and starting searching.  Click here to download it app.era.com/DMIRISH



 From the IBJ: The average rate for 30-year mortgages rose from 4.57 to 4/74 percent for the week ended Aug. 21, according to Bankrate.com.  The rate for 15-year mortgages rose from 3.61 percent to 3.75 percent.

Wednesday, August 21, 2013

Weekly Rate and Real Estate Update, 8.21.13

Buyer’s Focus is Back!

Dan’s activity this week:

As it goes each year, the few weeks before and during school start-up divert buyer’s focus for a short time.  Listings see a dramatic slowdown in showing activity and it can cause some to panic.  Have no fear…it is temporary!

Last week was a busy one…I had three closings.  Of course, nothing can be easy so there where some last minute hurdles to clear. 

For instance, while doing a final walk through with a buyer we find a Sheriff’s Sale Auction notice on the front door!  Rut ro!  I sent it to the listing agent at 9pm the night before our noon closing, who sent it to the title company who ran it up to their legal counsel and verified all will be made current at closing and we got the all clear…whew!

Another one…while the buyers of my listing where having their final walk through, they noticed that the refrigerator, washer and dryer that they had asked for in the Purchase Agreement, and that my clients had signed off on, were not in the home!  So at 4:30pm I’m calling my movers…they had two guys and a truck available at 9am…did I tell you we were closing at 10am!  Well, as it turns out it took longer to move the appliances back to the home than anticipated.  The good news is that the buyer’s had sold their home earlier in the morning but their funds had not come in yet so we couldn't fully close.  It’s called a “dry closing” meaning that all the documents were signed, but the money hasn't actually moved around yet.

One of my listings accepted an offer last week and will have the inspection soon.  On another listing we had an accepted a contingent offer and that buyer finally sold their home and removed the contingency and is ready to close next month.  Also, from that listing I received a call off the sign…I showed the home to those buyers who had an interest but also had a home to sell.  So I met with them last week and now have their home listed for sale and will be able to help them find another home.

Finally, next month I have a big “Lunch and Learn” at a local company.  Along with my mortgage contact, we’ll be presenting a series in their Financial Wellness program!  This will be a great opportunity to educate and, while it’s not the main goal, typically you pick up some new business as well…icing on the cake!

Looking for a home or just want to see what’s out there? Download my App and starting searching.  Click here to download it app.era.com/DMIRISH





From the IBJ: The average rate for 30-year mortgages rose from 4.56 percent to 4.57 percent for the week ended Aug 14, according to Bankrate.com.  The rate for 15-year mortgages fell from 3.62 percent to 3.61 percent.  


Wednesday, August 7, 2013

Weekly Rate and Real Estate Update, 8.07.13

Great summer!

Dan’s activity this week:

So some schools have started up again and many more start in the next week…where did summer go?

Since it’s been a while since I last updated you all on what’s been going on in my wonderful world of real estate, I’ll give a brief overview to catch you up…it’s been a crazy good summer.

July flew by; I had 5 closings during the month and have another  4 that will close in August!  It looks like I’ll hit my goal this year of 27 closings.  To date I’ve close 17 deals with 4 that are Pending to close this year.  So I just need 6 more closings to hit the goal.  That shouldn’t be hard to do seeing as right now I have 12 homes listed that don’t have offers on them and 5 of those clients will also be buying a home as soon as theirs sell.

Since I think I’ll hit my closing goal but I’m a little behind on my revenue goal I’m upping my goal mid-year to keep challenging myself…I think 32 closings will stretch me and keep me motivated!

Another ongoing goal is to carry, at all times, 30 homes for sale.  That’s a BHAG (Big Harry Audacious Goal) but I took great steps to that this year by hitting 15 listings mid-summer.  I know I’ll need more help both from past and present clients and from hiring an assistant over this winter to hit the ground running the spring of 2014.  I’m also working on my business referral sources to keep the listings coming in.

Looking for a home or just want to see what’s out there? Download my App and starting searching.  Click here to download it app.era.com/DMIRISH




From the IBJ: The average rate for 30-year mortgages rose from 4.54 percent to 4.59 percent for the week ended July 31, according to Bankrate.com.  The rate for 15-year mortgages rose from 3.61 percent to 3.65 percent.  

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

Wednesday, June 19, 2013

Weekly Rate and Real Estate Update, 6.19.13

Inspections, offers, listings and building…what else?

Dan’s activity this week:

Sometimes a week makes a big difference!

One deal has its inspection response wrapped up but brings another that I just sent off to the listing agent…my biggest request for repairs yet…can you say 10s of thousands?

My client who sold their town home did get their offer accepted and the inspection is scheduled for next week…hopefully that one does not turn up much.

Two of my other listings have lowered their price after only being on the market one and three weeks…these seller’s want to sell and the homes are getting the buyer’s through the door.  Each property is averaging about a showing per day!

Another client signed a contract, contingent upon selling their home, with Pulte…the pressure is really on to sell!  The home they selected is perfect for them and really is a great home.  If you are considering building a new home, use my free services and experience in the new home construction field to your benefit!

I received a text from one of my good clients that they are wanting to buy a new place so we were out looking today and they are already interested in a property.  They are still deciding on whether they are going to sell their current home immediately or wait for a while.

Meanwhile I’m moving along with 3 other new listings that I believe will get on the market around July 1!

You can do the same thing by downloading my App and then sharing it with people you refer to me.  Click here to download app.era.com/DMIRISH



 Rates for the week
The average rate for 30-year mortgages rose from 4.10 percent to 4.14 percent for the week ended June 12, according to Bankrate.com. The rate for 15-year mortgages rose from 3.28 percent to 3.32 percent.



Wednesday, June 12, 2013

Weekly Rate and Real Estate Update, 6.12.13

Rates up again, the time to buy/sell is now!

Dan’s activity this week:

All deals under contract are progressing.  Just sent off an Inspection Response to a buyer, heading to an actual inspection here later this morning, awaiting the buyer of another listing to schedule their inspection!

So we just put in an offer on a home for the clients who sold their townhome last week…I anticipate the deal will go through either today or tomorrow to close July 10th.

The new listing that came on last week has seen good activity.  It should sell soon despite having some road noise from the interstate, it’s just too good of a home and many people buy and sell on that street all the time.

The lead from my football team is watching the market, with low inventory and their need & ability to save more has put them into this status.

I also received notice of a client that has been waiting to move forward is almost ready…and the really good news is they will be buying a home as well!

Finally, last Friday I received a call from an out of town buyer who is transferring to the North side of Indy.  They got my info from talking to a past client of mine at, of all places, their gymnastics practice!  My client had my info on her phone and gave it to her right then and there…that’s the kind of referral I love…keep them coming.

You can do the same thing by downloading my App and then sharing it with people you refer to me.  Click here to download app.era.com/DMIRISH



Rates for the week
From the IBJ... The average rate for 30-year mortgages rose from 3.99 percent to 4.1 percent for the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.21 percent to 3.28 percent.

Wednesday, June 5, 2013

Weekly Rate and Real Estate Update, 6.5.13

New listings, new sold, rates tick…?

Dan’s activity this week:

So as of now, I've got 2 more closings at the end of June and 4 for the first weeks in July!

The newer listing of the town home in West Carmel has sold!  Now, going out tonight with the buyers to find that next home.

Another client offered on a home and it was accepted so we are moving forward, financing, home inspections all building to that July closing.

Since my last update I’ve secured a new buyer and a new listing that will came on the market Tuesday!  One of the new listings that came on a week ago Tuesday should be getting an offer yet this week, and the other new listings are having great activity. 

Still working on that lead from the football game…we’ve been out looking at what the market has to offer but they haven’t pulled the trigger to list their home.  We will be talking later today though!

As it stands now I’m carrying 10 listings and have just as many buyers looking!  It’s been a great start to the year, now to close it out even better.
 
      Rates for the week
From the IBJ... The average rate for 30-year mortgages rose from 3.74 percent to 3.99 percent for the week ended May 29, according to Bankrate.com. The rate for 15-year mortgages rose from 2.97 percent to 3.21 percent.

Wednesday, May 22, 2013

Weekly Rate and Real Estate Update, 5.22.13


Thankful for Memorial Day coming up!

Dan’s activity this week:

I’m looking forward to attending yet another Indy 500 with my friends.  An annual gathering with tailgating, BBQ-ing, and male bonding!  I’m also looking forward to a day off…so far no one has me scheduled and I’d like to keep it that way.

So slap me silly I didn't post last week.  My apologies let me try to catch you up.

My clients whose home we sold in 8 days had a low appraisal that we have worked through and is still on track…yea!!!

My other buyers who were buying the home with the chimney that needed work came down to the wire but each side made some compromises and the deal got done.   They are very excited to finally get a place of their own back and move out of the temporary living at their parents’ home.

The newer listing of the town home in West Carmel has had brisk activity.  We've had a second showing and I feel it will sell in the next week or so.

Those same clients and I were out looking at another round of homes to buy just this evening.  We found one that would work but we’ll keep looking in case there is something better.

Since my last update I’ve secured a new buyer and 3 new listings that will come on the market next week!  Two of listing clients will also be buying a new home with me.  So I procured 6 new transactions in a week and a half. 

I also have another appointment on Friday with another potential client who might use me to sell their home as they are moving out of the country.  The lead that came out to me at my son’s football game is moving forward as well.   I got them hooked up with my finance guy and we are working to get them cleared so I can list their home and they can buy a move-up home! So I’m intently working 3 more deals.

Lastly, I had an interesting closing today.  I’ll only say it was my first closing where the buyers and sellers were closed in separate rooms.  The end game…the home changed ownership, the goal for each party.
  
   
   Rates for the week
From the IBJ... The average rate for 30-year mortgages rose from 3.60 percent to 3.71 percent for the week ended May 15, according to Bankrate.com. The rate for 15-year mortgages rose from 2.82 percent to 2.92 percent.


Wednesday, May 8, 2013

Weekly Rate and Real Estate Update, 5.8.13


Rates and Home Inventory are low, low…

Dan’s activity this week:

So the closing that was supposed to close last Tuesday that had the “shadow” on the wall did close on Friday!  We cut a 2’x2’ square out of the eating area and the “shadow” was indeed stains from cat urine.  While I’m glad it wasn't mold…I do not want to meet the cat(s) that made that mess…let’s just say the smell was ripe.

The recent listing that sold in 8 days hit a road block…low appraisal.  So we are working our way through that process.  I’m not sure if the deal can be saved but we shall see.

With the move of the previously mentioned closing I had two closings on Friday.  In fact I had to leave one early to make it to the next.  It all worked out though and those two clients love their new homes.

The inspection of the home my client is buying that was living with their parents turned up a chimney that needs work and a roof that is at the end of its life.  So we have contractors out giving estimates on the repairs.  Hopefully the seller’s will adjust the price or give money back at closing to address these bigger ticket items.  We are to close in a week so we are getting close!

I had a new listing come on the market yesterday…a town home in West Carmel.  There is only one other property for sale in that development so I hope this one sells quickly.  With the home now on the market, my clients and I went out last night to look at potential homes to buy.  We really didn't find “the” home but they were able to see what’s available to them…they might want to bump up their budget they said.

The clients building new construction are ready to move forward.  We are trying to set up a time early next week to sign the listing paperwork and get their home on the market in the next two weeks.

Last week, as I’m coaching my son’s 7v7 Spring football team, one of my former clients and parents of one of my players says they have friends who are considering selling.  “How’s the inventory out there” he asks…”very low” I say.  I’m meeting with that lead next week and they are already working with my mortgage provider!

Broken record alert…I’m very honored with all the activity and am ready for more so if you know anyone getting ready to buy or sell, please give them my information or ask if they’d like me to call them.
  

      
   Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.57 percent to 3.52 percent for the week ended May 1, according to Bankrate.com. The rate for 15-year mortgages fell from 2.80 percent to 2.75 percent.


Wednesday, May 1, 2013

Weekly Rate and Real Estate Update, 5.1.13


Spring is here...finally!

Dan’s activity this week:

Well, the Tuesday closing did not close!  During our final walkthrough the buyer and I noticed a “shadow” on an exterior wall in the dining room…not knowing what it was we asked and got a 7 day extension to the closing date.  So the inspector is going back out today and we’ll get some further testing.

I’ll be writing up the inspection response for my seller’s from the home that sold in 8 days. It looks like we’ll address almost everything so it shouldn't be a problem.

Everything is to the title company for my buyer of the 1920s renovated home so we are on track for Friday’s close!  

My client who was living with their parents did find a home last Friday!  The home was on the market for 7 days and we were the 3rd offer!  But we got it; our package was all around a better offer.  The inspection is today and we close quickly, May 15th, so we’ll be moving along quickly.

So last night I signed a new listing in Carmel that will go active this coming Tuesday and that night we are going out to look at homes for them.  My last listings have sold so quickly I don’t want them to not know the market and have a favorite home to buy early on.

My other new clients are meeting with my mortgage company that most of my clients use to get preapproved and financing for existing and new construction homes.  After they are comfortable with that process we’ll get them signed up and listed in the coming weeks.

The inspection of the older home in Indy was delayed a bit so we haven’t started that process yet…can’t wait!

My client’s relocating from Chicago are coming down this weekend so we’ll see some homes with them as well.

Last, I followed up with a client that may be getting ready to sell…there is a potential upcoming job change that will determine if it’s just selling their home or selling their home and finding them a new home locally…time will tell.

So with the delay in the closing yesterday April finished with 4 closings and May has 6 closing on the calendar.  I’m excited with all the activity and am ready for more so if you know anyone getting ready to buy or sell, please give them my information or ask if they’d like me to call them.

      
   Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.61 percent to 3.57 percent for the week ended April 24, according to Bankrate.com. The rate for 15-year mortgages fell from 2.85 percent to 2.8 percent.
  

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 Bankrate.com. The rate for 15-year mortgages fell from 2.89 percent to 2.85 percent.


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 Bankrate.com. 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
email: dirish@realestatelinks.com

Wednesday, April 10, 2013

Weekly Rate and Real Estate Update, 4.10.13


Spring Break is over, people’s focus are back…now list your homes!

Dan’s activity this week:

Inspections this week two for my clients selling and buying and another for a client selling!  First report isn’t too bad, radon is high so we’ll need to install a radon mitigation system. 

Home that we received a second offer from the buyers has been accepted!  We’ve already had the inspection referenced above.  Seems like it should work out and then on to appraisal!

This evening I have a final walkthrough with my buyers who close tomorrow afternoon and a showing for my other client whose home we recently sold.

My closing for the 18th is looking great; the buyer’s mortgage company already has their documents to the title company! 

Two new listings came on yesterday.  One is the home of the clients that close tomorrow and the other is an investment home of a client who will be selling their home next year.

I’ve got 3 other buyers out looking as well.  The Swedish family, the Chicago retirees and a local family whose home I sold 2 months ago…come on good houses…where are you?


        
 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.75 percent to 3.73 for the week ended April 3, according to Bankrate.com. The rate for 15-year mortgages fell from 2.97 percent to 2.95 percent.

Wednesday, April 3, 2013

Weekly Rate and Real Estate Update, 4.3.13


Rates are great and I’m ready for more…

Dan’s activity this week:

The client’s whose house was bought by the Californian investor have also found their next home to buy and we have an accepted offer!  So far both the sale and purchase of homes for this client has been very smooth and they are very excited.

The other listing that we received the second offer from the same buyers last week did work out!  We have another SOLD…now on to the inspection, which is Friday. 
This deal is a little precarious; it feels like each party is almost looking for a reason for it to fall apart…to be continued…

Those two responses on my buyer’s inspections both worked out.  I also know that one of the appraisals come back OK so that is pretty much set to close next Thursday!  The other deal doesn’t close until early May so there may be some more time on this one.

One of my listings that has an accepted offer and had passed inspections early also just found out that the appraisal came back good.   We were a little anxious as our sold price/sqft was at the top of the neighborhood.  That is due to close 4/18.

The activity on my other listings is good, just need to get the right buyer’s through the doors!

I’m also prepping two new listings that will go on the market next Tuesday, April 9th so that will give me a couple more to sell but I could still use a bunch more.  I’ve got plenty of capacity to handle more listings and I just need a bit more consistency before hiring my first assistant. 

Another piece of good news, I got a lead off my website last week and have been out with these new clients from Sweden a few times.  I think we’ll find a home for them soon but the real reason I mention it is that when we met I asked how they found me.  The wife said she had seen my family ad in the Hamilton County Family magazine.  I've been advertising in that new publication since it started about a year ago and have my first concrete client from it.  Almost any type of advertising, web, mail, print, etc always takes a year of consistent marketing before you start to obtain solid leads.  It was the same way with my community blog, Indy Family Resources.


         Rates for the week
From the IBJ... The average rate for 30-year mortgages fell to 3.75 from 3.78 percent for the week ended March 27, according to Bankrate.com. The rate for 15-year mortgages was unchanged at 2.97 percent.