Tagged : Indianapolis

I am excited to announce Zillow has recognized and nominated our blog as one of the best in the Indianapolis area.  We would be very appreciative if you help us out and vote for our blog as your favorite here:

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You can do so once a day and we would greatly appreciate it.  

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

Forbes Magazine has recently added another accolade for the Indianapolis / Carmel area.  They have named us as the 10th most likely market to appreciate because we offer a “offer a mix of jobs weighted toward growth industries.”  If you look at the market reports I do on a monthly basis, Carmel real estate and Fishers estate are already seeing price increases this year over last year’s numbers.  

These are the top markets, the research company concludes:

1. Raleigh-Cary, N.C.
2. McAllen-Edinburg-Mission, Texas
3. Austin-Round Rock, Texas
4. Nashville-Davidson-Murfreesboro-Franklin, Tenn.
5. San Antonio, Texas
6. Colorado Springs, Colo.
7. Albuquerque, N.M.
8. Denver-Aurora-Broomfield, Colo.
9. Springfield, Mo.
10. Indianapolis-Carmel, Ind.

Source: Forbes, Francesca