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

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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!

How to Winterize Your Indianapolis Home

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

Winter is approaching quickly, and with that being said, you'll need to invest in some maintenance around your home in order to keep it in good condition. We have Scott Surette with Premium Inspections to give us some useful advice.

First of all, you need to disconnect your hoses and faucets. You don't want your pipes to freeze, so do this maintenance now to avoid a heavy loss later on.

Inspecting your gutters is also very important. You want them clean and clear of debris because if they're clogged this will cause water to get into your basement and this could cause major issues with your foundation. If your gutters are clear, the water can be pushed away from your foundation when the snow melts in the spring. You simply want to ensure that the water gets carried away from your home.

A very easy thing to do is to change your furnace filters. Dirty filters restrict airflow and this can cause damage to your furnace as well as your air vents. It's an easy thing to do, and it could save you a lot of money down the road. Preventative maintenance always pays off.

It's also a good idea to get someone to come and check on your fireplace and your chimney if you're going to be burning wood in it this winter. While you're at it, get your smoke alarms tested and replace those batteries if necessary.

Please don't hesitate to call Scott if you have any questions or concerns about winterizing your home.

Learn How You Can Join Our Growing Team

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

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

Today, we will discuss how you can join our rapidly growing team, in addition to how and why our office is growing. Our business is up over 21% this year because of your referrals! Referrals were 61% of our business last year. We are forever grateful for people like you that are familiar with our business and continue to refer us to others.

This is why we need to hire new, top talent for our sales positions! We have sales positions open now and in the upcoming months. We'd like to share how you can join the team and what we're looking for in an applicant.

What's our ideal candidate? We are looking for someone who is energetic and full of life to add to our family-like atmosphere. We're very fast-paced and hold high expectations for everyone on our team. We're interested in hiring someone who wants to learn and adapt to the ever-changing world of real estate. We want a team member that will work to be the best they can be. Our team's core values include faith, relationship, integrity, trust, and authenticity. What you see is what you get! We want someone who loves working with people. Our vision aims to make a difference, change lives, and leave a legacy.

If this sounds like you or someone you know, be sure to call us directly at (317) 863-4663 or send us an e-mail at careers@eveloteam.com. We would love the opportunity to speak with you or someone you'd see fit for us. Thank you so much again for your referrals. We look forward to hearing from you!