There are 2 blog entries for October 2010.
Geist Waterfront Homes : HSE vs. Lawrence
Friday, October 29th, 2010 at 1:31pm. 3597 Views, 0 Comments.
One of the area’s on Indianapolis real estate I love to work with is Geist waterfront homes. In case you didn’t know, Geist is split into two distinct counties and more importantly two very different school districts. North of 96th street, Geist lies in the Hamilton Southeastern School district which is by most people’s perception a much better school district than its southern counterpart Lawrence Township. Now, the question I am going to attempt to answer today is: Does the school district affect desirability and resale value of waterfront homes on Geist?
To answer this, we are going to look at two sets of data. One that shows us the number of homes sold, average sales price, and price per square foot for waterfront properties on Geist with HSE…
Indianapolis Short Sales Explained
Tuesday, October 19th, 2010 at 2:13pm. 2449 Views, 0 Comments.
I am finally writing the most overdue blog post EVER, the long winded answer to the question I probably get asked most often: What is a short sale? Quite simply, a short sale is when the owner of a property owes more than the house is worth and they ask the bank to accept an offer less than this amount in lieu of going to foreclosure. For example, a seller has a houses listed for $100,000 and they owe $125,000 on the mortgage. They receive an offer from a prospective buyer for $90,000 and ask the bank to take a loss of $35,000 instead of taking the home to foreclosure, re-listing it, and selling it themselves. Sometimes it works and sometimes it does not.
Now, the gory details. If you are the buyer or potential buyer of a short sale you MUST know…