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Indianapolis Real Estate

Keep up to date on all things related to the Indianapolis real estate market including news, events, and market statistics.

There are currently 14 blog entries related to this category.

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First time home buyer tax credit Fishers and Indianapolis 2010

Friday, February 5th, 2010 at 7:50am. 98 Views, 0 Comments.

I have LOTS to talk about in terms of real estate and homes for sale in the Fishers and Indianapolis area and too little time.   Today, I wanted to touch base on the upcoming expiration of the first time home buyers tax credit.   As you probably know, the current credit now applies to both first time home buyers and existing home owners but you must be under contract by April 30th 2010.  Here are a few good resources with all the details of the program:

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

http://www.federalhousingtaxcredit.com/home.html


As we saw with the expiration of the last tax credit buyers are flooding the market and homes are selling quickly,…


Indianapolis Real Estate - Year End Report 2009

Wednesday, January 20th, 2010 at 8:21am. 100 Views, 0 Comments.


Let’s take a look and see how the Indianapolis real estate market did in 2009. Before we dive into the yearend numbers let’s see how December turned out:

  2008 2009 % Change Active N/A 6844 Homes Sold 818 768 -6% Average Selling Price $90,113 $103,039 14% Days on Market 95 86 -9% Price Per Square Foot $50 $56 12% Sales Price / List Price 89% 94% 6%

 

Now we can look at the yearend numbers for Indianapolis real estate for some perspective:


Hansen and Horn Out of Business

Monday, December 7th, 2009 at 7:39am. 415 Views, 0 Comments.

going_out_of_business_425If you have not heard the latest drama for new homes in Indianapolis, Hansen and Horn is officially out of money.  Rumors have been swirling for months now that they were not paying their subcontractors and problems home owners have been having but now it is official.  You can read the Indy Star story here but the gist is they are out of money and going into receivership which means someone else is taking over and going to try to pay off their debts. 


I have to give credit to Paula Henry who runs Hometoindy.com her Indianapolis real estate website and blog for pointing this out, but take a look at this: https://secure.in.gov/sos/bus_service/online_corps/view_details.aspx?guid=19AC7BA0-EE43-473C-8C2C-E3F5749F928A

This is a separate entity…


First Time Home Buyer Tax Credit Extended - Indianapolis

Wednesday, November 18th, 2009 at 7:53am. 148 Views, 0 Comments.

I am sure everyone has heard that the tax credit for first time home buyers has been extended and expanded so I thought I would post the main bullet points of the new bill as well as a quick reference guide for the first time homebuyer tax credit for Indianapolis home buyers.  The main bullet points are:

•    Contract must be signed by 4/30/10 and close by 6/30/10.
•    First-time homebuyers (not owned a home in the last 3 years) will receive an $8,000 tax credit.
•    A $6,500 tax credit will to buyers is they owned their current home for at least five consecutive years in the previous eight years.
•    Individuals with income under $125,000 will qualify.  Couples with income under $225,000 will qualify.  This is up from $75,000 for singles or $150,000 for…


Ryan Homes Coming to Indianapolis

Friday, October 2nd, 2009 at 7:54am. 437 Views, 1 Comments.

For those that have not heard, Ryan Homes is coming to Indianapolis and taking over a few of the CP Morgan neighborhoods. Ryan Homes is a 60 year old company that according to their website has built more than 300,000 homes. Ryan Homes currently has communities in: New York, New Jersey, Pennsylvania, Delaware, Ohio, Kentucky, North Carolina, South Carolina, Maryland, Virginia and West Virginia and now Indianapolis.

There has not been a lot of noise about Ryan Homes entering the Indianapolis market as of yet. I am quite sure that taking over old CP Morgan neighborhoods they will have an uphill battle to fight in terms of PR but their homes do look a lot more attractive on their website than any CP Morgan home. Currently, it looks like Ryan will…


Indianapolis Real Estate - Time is of the essence

Monday, August 24th, 2009 at 10:52am. 267 Views, 1 Comments.

I just thought I would share a recent experience I had with another Indianapolis real estate agent when submitting an offer.  We recently put an offer in on a home in Indianapolis.  I called the agent to let him know it was coming over and to expect it in his email.  He proceeded to tell me he was out of town and couldn’t get to the offer until later and he thinks the seller is out of town as well so it might be several days before we hear back.  Well, we did hear back a little sooner than expected but it still took longer than it should have.  A few counter offers go back and forth and this process repeats itself taking more and more time.  Well we finally agree on a price and send over our final counter offer.  The seller has now agreed to the price but…


How to Avoid Lines at the BMV

Tuesday, July 7th, 2009 at 7:05am. 267 Views, 0 Comments.

Want to avoid long lines and the dregs of society that seem to accumulate at the Indiana BMV?  Keep reading.

 

This is a post unrelated to Indianapolis real estate, homes, or the like.  This is just a sweet little nugget of information for residents of the Indy area who read this blog.  I was recently involved in a car accident, my car was totaled, and purchased a new (used) car.  Well, when I went to register it (on a Monday) all the BMV’s were closed.  So I hopped on their website to find out the hours for the next day and I found out that AAA actually acts as a satellite office of the BMV for basic transactions such as registering your vehicle.  I found my nearest one located at 86th and Michigan and walked right in with no wait to register my car on a…


Another Satisfied Customer

Wednesday, June 17th, 2009 at 2:00pm. 307 Views, 1 Comments.

Here is an actual email I received from a client who is working with one of our agents Lesa Furman:


Mr. Taylor,
     Lisa spent the last six months sending me listings and descriptions of homes and condos in the Avon area. We lived in Brownsburg before moving to Port St. Lucie Florida so I had a pretty good Idea of where I wanted to look but she was so patient and helpful. We are now retired but during my career in Human Resource Management we moved many times and all over the Mid-West and I have never worked with an agent as professional and caring as Lesa. You can rest assured that I will recommend Lesa and Red Door to anyone that I can.
    Thanks again,

 

I want to thank the client that wrote this email and Lesa as well.  It is far too easy to write a…


Indiana Good Funds Law

Tuesday, June 16th, 2009 at 10:16am. 1051 Views, 0 Comments.

There is a new law that takes effect next month that will have a big impact on the way closings are handled in the state of Indiana. The “good funds law” or House Bill 1374 will require all funds to bring to a closing over $10,000 to be in the form of a wire to the title company.


Effective July 1, 2009, any funds presented at closing over $10,000 must be in the form of a wire before a title company can disburse. This law affects all escrow funds in connection with a real estate transaction whether it is residential or commercial.


In the past, you (as a buyer) would typically be waiting with baited breath for “the number” or the final “cash to close”. All too often the final amount you needed to bring to the closing table comes WAY too…


8180 La Habra Circle | Windsong Home For Sale in Geist

Wednesday, April 1st, 2009 at 8:32pm. 528 Views, 0 Comments.

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I wanted to highlight a new listing we just took in the Geist area.  8180 La Habra Circle is located in the popular Windsong neighborhood in Geist and boasts a huge 1/3 acre cul-de-sac home site.  The neighborhood itself offers a fantastic sense of community and features an easy walk to Geist Reservoir, community pool, and boat docks for lease exclusively available to Windsong residents.  The seller’s at 8180 La Habra spent over $40,000 over the past several years updating this home.  Some of the recent updates include:

    New Furnace
    New A/C
    New Roof
    Exterior Paint
    Kitchen Remodel including
        Granite counter tops
        Ceramic tile backsplash
        Ceramic tile floor
        Stainless steel appliances

Here are a few more photos from 8180…


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