Many new real state investors are getting into real estate investing and are bombarded with many terms and terminologies they don’t understand. Continue reading What type of investment property is for me?
Tag Archives: INVESTING IN REAL ESTATE
Buying homes through a tax sale
There are many different ways to invest in real estate. The more common known due to some of the DYI shows on TV are the rehabbers/flippers and the income/rental properties.
Another way to invest in real estate is tax sales. Continue reading Buying homes through a tax sale
Paying for your investment properties
Since the mortgage meltdown, it has become harder and harder for Real Estate investors to receive financing through a traditional lending company and many of them have to find additional means to finance their investment properties. Continue reading Paying for your investment properties
Buying a home in a College town
Many 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.
New rules that go into effect January 21st 2015 that will affect FHA loans
Since the housing crash we have witnessed more and more rule and regulation changes that affect the way loans are written. Making changes and adjustments to current rules, and writing new rules, has not slowed and I don’t see them slowing down anytime soon. The new changes that will go into effect in 2015 will not affect your current FHA loan unless you refinance. Continue reading New rules that go into effect January 21st 2015 that will affect FHA loans
Things to consider when buying bank owned homes
There are many very nice bank owned (REO) homes on the market. You need to be aware of several things.
Many times when a home is bank owned (REO) the utilities are not turned on. This could be for several reasons.
Continue reading Things to consider when buying bank owned homes
Getting out of debt starts with a simple budget
Many times when I speak with individuals it is because they want or need to sell their home or they would like to buy a home. During my conversation with them sometimes I find out that some of them are in debt and cannot afford to keep or purchase a home. Continue reading Getting out of debt starts with a simple budget
Settles Report for 7/21 to 7/28/2014
During this week Marion County Indiana has picked up steam with their active listings. They had 418 new listings that were made available to the public compared to Hamilton County who slowed down and only had 145 properties that were made available. Compared to last week Hamilton County had a drop in new listings of over 50%. Johnson County had 82 new listings that were made available to the public which was about the same number as last week.
Marion County Indiana new rental proposals
Be 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.
Settles Report
For this report we looked at the active, pending (in escrow), and sold stats for Marion, Johnson, and Hamilton Counties for the week of June 30th to July the 6th.
Marion County was the county having the most properties offered for sale during that week. There were 389 properties listed with an average list price of $129,680. Washington and Lawrence Townships were the leading townships with 62 new listings each. The average list prices for Washington and Lawrence Townships were $218,531 and $213,983 respectively. During that same week, the entire county had 189 properties having an accepted offer (pending sale, in escrow) with an average 67 days of time on the market. 335 other listings closed that week.
Hamilton County had 176 homes entering the market that week. The average list price for Hamilton County was $299,368. Clay Township had the most properties offered for sale through the local BLC. The average list price for Clay Township that week is $322,314. Clay Township led the county with 44 new listings. Noblesville followed with 41 new listings. The average list price for Noblesville was $289,037. During this time Hamilton County had accepted offers on 100 properties (pending sale, in escrow) with an average marketing time of 66 days. 194 made it to the closing table.
Johnson County had 67 new properties entering the market through the local Central Indiana BLC. The average list price during this time was $231,843. Pleasant Township had the most new listings with 25 and White River Township is following with 22 new listings. Pleasant townships average list price that week was $124,680 and White River Township was $263,185. Johnson County had 38 accepted offers (pending sale, in escrow) after 105 days of marketing. 58 properties closed during that week.
For more detailed information on sales within your area contact the Settle Team for more information.