The Spring Season is Here in Indianapolis

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

Many people might not realize it, but the spring market is already in full-swing in Indianapolis real estate. According to a graph on Historic Sales by Year, the data reveals most sellers list between February and April. Then, homes sell within thirty days and close between March and June. Oftentimes, sellers think they should wait until it warms up to act.

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Now is the time to sell!

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However, February 1st kicks off the spring market! That’s crucial information. Although it’s still cold, the busiest selling season of the year has already started. February to May are the top-selling months of the year locally. If you want to list, and have not yet, you are missing the boat. There are statistics to prove it. Now is the time to sell if you want to avoid increased competition down the road! 

Don’t let this happen to you! Don’t wait and let time fly by. If you’re thinking about buying or selling a home this season in Indianapolis, give us a call or email! Reach out to us at your earliest convenience. We’d be happy to hear from you!

Where Is the Indianapolis Area Real Estate Market Heading in 2016?

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

In 2015, we had a solid real estate market. We experienced a bit of a seller's market, as inventory has been low and demand for homes has remained high. This has resulted in multiple offer situations for sellers, which is always great news for people looking to get a great value for their home. However, pending sales are trending down year-over-year, which means we're starting to get market stabilization.

As we head into 2016, expect to see a market that still favors sellers. By about midyear, though, we're expecting the market to level off and become neutral. A thing to keep an eye on is interest rates -- the Federal Reserve has indicated that interest rates might rise as early as Q1 next year, which will greatly affect the buying power of consumers.

If you're thinking about making your move, now is the time to get off the fence and look for something to buy. Rates are still at historic lows, so if you want to lock in a very affordable rate on your mortgage, now is the time to act!

Recently, we saw an article in which a handful of builders were interviewed about the Hamilton County housing marketplace. They said that, from here on out, it's going to be difficult to build a home for $200,000. One builder even said that it's going to be almost impossible to build anything under $175,000! If you would have told me that 10 years ago I would have called you crazy, but the way the market has picked up and the increases in material costs have made building from scratch a more expensive process.

If you have any questions about where our market is heading, please don't hesitate to reach out to us. We would love to hear from you!

Why Is Now the Time to Make Your Move?

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

Today, we have a very special guest! Phil Lillge of Parker Mortgage Group, our preferred mortgage lender, joins us to discuss how interest rates affect buyers in the Indianapolis marketplace.

Many buyers don't realize that a small jump in interest rates will greatly affect the purchasing power of buyers. Right now, interest rates are at an all-time low, and it's only a matter of time before they begin to start creeping up. When we bought our home, interest rates were around 9% for a 30-year fixed-rate mortgage! You can currently lock in a rate as low as 3.5-4%! 

As home prices and interest rates rise, the amount of home you can afford is negatively affected. When lenders take a look at your debt-to-income ratio, higher rates will mean higher payments, which means you will have a less favorable ratio when looking to buy a home. The overall expense of interest over the life of the loan will also be factored in, and will affect your ability to afford the home you desire. Bottom line: the cost of waiting to make your move is substantial! 
 
If you would like to take advantage of this fantastic market, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!

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! 

What Makes Now the Time to Buy and Sell in Indianapolis?

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

Have you been wondering where the Indianapolis market is heading? Is so, you've come to the right place!

The first question people ask us is whether it's a seller's market or a buyer's market. Lately, we've seen a market that favors sellers because inventory has been so low. In most areas of town, we have roughly five months of inventory. The homes around town with favorable locations, prices, and conditions are the ones that are going fast and for great values. 

In years past, builders would build spec homes, and for a while there was a huge surplus. However, once our market started to heat up, all the spec homes were bought up. Since builders can't keep up with demand, they're now being forced to build from scratch. Because it's roughly a six-month process and builders have raised the base prices of these homes, time is of the essence if you are looking to build a new home. Prices are only going to keep rising! 

If you have any questions about our ever-changing market, don't hesitate to give us a call or shoot us an email. We would love to help you take advantage of this hot market!

Thanks for stopping by, and have a great day!