Tag Archives: buying

Things to consider when you and your REALTOR holds an open house

openThe house is listed. It is online with the MLS and various other websites. The sign and informational box is in the yard. You are planning for your open house. Continue reading Things to consider when you and your REALTOR holds an open house

Buying a home in a College town

movingMany families have High School Seniors who graduated and are now leaving for their first year to college. To save money on room and board some of the parents decided to buy a second home for their student to live in and later to use as potential rental.

Continue reading Buying a home in a College town

Student loans are affecting home buyers

budgetEver since the mortgage rule changes that went into effect in 2009, a small but ever growing title wave has been building. Individuals who lost their jobs during the downtrend of the market and decided to go back to school to earn a different degree, or updating their personal education, to put them into a better position for a better paying job. They are not only facing an ever tighter job market but also have put themselves financially behind the 8 ball when it comes to being able to qualify for a mortgage.

Continue reading Student loans are affecting home buyers

Settles Report for the week of 08/11/2014 – 08/18/2014

Every week we pull information for the Central Indiana real estate market and look at the last week’s market condition for central Indiana. To simplify the process we are pulling the information for three counties that are part of the Central Indiana real estate market.

Continue reading Settles Report for the week of 08/11/2014 – 08/18/2014

Marion County Indiana new rental proposals

gavelBe aware Proposal 195 which is being introduced to create a Marion County Indiana landlord registry. Landlords have to re-resister themselves on an annual basis as a landlord. The reason given for this registry is that many properties in disrepair and vacant are owned by investors. About 50% or more of them are owned by owner occupants who no longer can pay for their mortgage.

Continue reading Marion County Indiana new rental proposals

The Settles Report

reportEvery week we pull information for the Central Indiana real estate market and look at the last week’s market condition for central Indiana. To simplify the process we are pulling the information for three counties that are part of the Central Indiana real estate market.

We used Marion, Hamilton and Johnson County for our report that is for 07/14 – 07/21/2014.

That week Marion County had 361 new listings with an average list price of $132,731. Hamilton County had 349 new listings with an average list price of $237,182 and Johnson County had 85 new listings that were made available with an average list price of $184,623.

Clay Township, within Hamilton County, had the most listings that were made available with 54. Taylor Township was not far behind with 35 new listings. In Johnson County Pleasant Township had the most new listings with 34. Right behind is White River township area with 31. Marion County had the most new listings in the Washington Township area with 61 and right behind it was Warren Township with 54.

During that same week Hamilton County had 125 properties where the sale is now pending (in escrow). Johnson County had 42 properties that the sale is now pending (in escrow) and Marion County had during the same week 229 properties that have a pending sale offer (in escrow).

Marion County during that same week had the most closings with 281. The average sold price for Marion County was $113, 645 for that week and the average marketing time was 85 days. Johnson County had 63 properties that closed during that week and the average sold price at that time was $191,972 with an average of 81 days of marketing time. Hamilton County had the fasted marketing time of 45 days with an average sold price of $236,427 during that week.

When you are looking for a real estate firm who understands their clients and the market, contact the Settles Team. We are here to assist our clients in fulfilling their real estate dream.

Why is my house not selling?

Have you ever driven though a neighborhood and noticed For Sale signs coming and going but there is that one house that has not sold and it is still sitting there waiting for a buyer?

I spoke to a friend of mine the other day who actually sold his home as a for-sale by-owner and he had his house sold within 4 days. His neighbor’s house has been on the market already for several months.

Most the time you hear agents speak about location, location, location.

Many times you cannot control the location of your home unless you are willing to pick it up and move it. With trending neighborhoods, a good location might turn into an undesirable location and an undesirable location may turn into the new hot spot. Location is one of those things you cannot control so focus on the things you can control.

cleaningWhat is under your control?

  • Cleanliness of the inside and outside
  • Yard maintenance
  • Property maintenance
  • Interior decoration

Have your ever gone to the grocery store with the intention of picking up only one item and discover when returning to your car you had many items, but not the one you wanted? Think of your home like that grocery store. It is up to you and you’re listing agent to spark the interest of a potential buyer to as many characteristics of your house as possible.

G&G Custom HomesIn a store, the end caps at the end of each isle have a specific purpose and your end cap is the exterior of your home. The purpose for the end cap, and your exterior of your house, is to entice the buyer to take a look inside. The stores use high profit items to lure you to the end cap and all of the sudden you are inside the isle and see other things you think you would like to have.

Each item in each isle is strategically placed on the shelves. Have you ever noticed the more reasonable priced items are on the bottom shelve and the more lucrative items are right at eye height? Your isle is the interior of the house. So let’s put the more “reasonable priced” items like personal pictures, trophies and additional clutter on the very bottom of the shelve (storage) and put the more buyer appealing items at eye height. And remember, sometimes less is more.

lightThe next time you go grocery shopping check out the lighting in the store. Have you ever noticed that the store has different types of lighting? Some areas have a more cool looking lighting and others have brighter lighting. Now translate this to your house you want to sell. The more inviting the lighting is in your house the more appealing it looks to the buyer.

Keep this in mind! Think of your home like that of a grocery store. It is up to you and you’re listing agent to entice the buyer to make them shop.

When you have any questions, or would like to have the Settles Team help you make your home look more appealing to a buyer, contact the Settles Team.