Why You Need a Pre-approval in This Market

Selling in the Indianapolis area? Get a free home value report    
Purchasing in the Indianapolis area? Click here for full MLS access

Last time we spoke about the importance of beginning the pre-qualification process because it paves the way for you to be pre-approved for a mortgage loan. We have Phil Lillge with us again to help explain some of these differences.

As we said last time, it's important to provide your lender with W-2 Forms, pay stubs, and tax receipts if you want to move from being pre-qualified to being pre-approved. Once you are pre-approved, you can then begin looking at properties. You'll want to give your real estate agent the letterhead that designates you as being pre-approved because in a hot seller's market like the one in Indianapolis, you'll need it to stand out from other buyers.

Being pre-approved or pre-qualified was not a necessity in the past, but now it's almost a requirement. All sellers are going to be reluctant to sell you a home if you cannot even prove that you can afford it. This is especially important right now, as we find ourselves in a seller's market. This could help you differentiate yourself from other buyers, and it could help you win out in multiple offer situations.

Hopefully this information has been helpful to you. If you need assistance buying or selling in Indianapolis this spring or summer, please don't hesitate to reach out to us.

How to Get Pre-qualified in Indianapolis

Selling in the Indianapolis area? Get a free home value report  
Purchasing in the Indianapolis area? Click here for full MLS access

Today we're going  to be speaking about how you can become qualified to buy a home. In order to do this we've invited Phil Lillge of Parker Mortgage to help explain some things.

The process of becoming qualified for a mortgage loan is two-pronged. The first part is sitting down with your lender and evaluating your position and your needs, as well as your qualifications.

Once you have that initial conversation, it becomes much easier for the lender to find you loan products that can help you comfortably afford a home. You'll have to talk about employment history, credit history, and other things like income history and insurance information.

The next step in the process is to determine which program would fit your needs best depending on what your profile looks like. Not everyone will benefit from the same lending program, so it's important to be honest when you consult with a lender, otherwise you may end up in a very sticky situation when you go to close on a home that you cannot really afford.

Hopefully this information has been helpful for you. If you have any more questions or concerns, please don't hesitate to contact us. We're always here to help!

How to Make the Most of Indianapolis Market Conditions

Selling in the Indianapolis area? Get a free home value report 

 Purchasing in the Indianapolis area? Click here for full MLS access

The Indianapolis market is incredible if you're looking to sell your home, but if you're looking to buy, it might be rough. Today, we are going to talk about how to prepare as a buyer when heading into an ultra-competitive market!

If you haven't already noticed, we are extremely low on inventory. If you're a buyer preparing to enter this market, there are some essential things you need to do in order to prepare yourself! 

1. Find a good real estate agent: The Evelo Team would be more than happy to help you accomplish your buying goals. 
2. Get with a great lender: We have two lenders we love to work with because of their expertise and integrity. They will help you get pre-approved, which you need to do in today's market if you want your offer to be accepted. 
3. Be ready to write an offer: There's not going to be a home out there that will fit every need that you have. If you find one that's in good condition, a good price range, and a good location, you need to be ready to strike and write an offer right then.

If you're thinking about buying at any time in the near future, you need to begin your search NOW! The best homes are going fast, so if you want to find the right one for you, it's never too early to begin the search!

If you have questions, or if you would like us to assist you through this difficult market, we would be glad to help! Give us a call and we'll start devising a plan to accomplish your real estate goals today! 

Is the Value of Your Indianapolis Home Rising?

The Indianapolis real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Indianapolis area click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 317- 863-4663

Are you curious about what's happening in the Indianapolis marketplace? If so, you've come to the right place. Today, we're going to give you a quick rundown of the current market conditions in our area.

Knowing whether it's a seller's or a buyer's market is important if you are looking to buy or sell real estate. Right now, we have a seller's market in Indianapolis because there are many buyers, but there is not enough inventory to satisfy them. Sellers are currently having a lot of luck getting their homes sold in a very short period of time.

If you want to buy in this market, you have to be strategic in order to get the home you want. The most important thing you can do is get pre-approved right off the bat. When you're looking for a home in a seller's market, having a pre-approval letter will make a huge difference, as it gives you more leverage in a tough market.

Interest rates remain at historically low levels, which is great news for buyers and sellers alike. We're expecting them to stay low for the time being, but experts expect them to rise by as much as one percent in the not-too-distant future. Right now is not only the time to sell, but to get pre-approved and purchase a home while rates are low. Affordability is at its peak in Indianapolis, and you don't want to miss out! 

If you would like to take advantage of these fantastic conditions, don't hesitate to give us a call or shoot us an email. We would love to hear from you!