Let's Chat Indianapolis!: January 2010

Feeling like a Couch Potato? Discover DEVOUR INDIANAPOLIS!

It's the end of January and winter seems to have no end in sight!  Are you tired of being stuck in the house watching television?  Are you looking for something to cheer you up?  Well a vacation on the beach would be great about now, but if that's not in your plans for next week, why not get out of the house and head to downtown Indianapolis?

What's Devour Downtown?  It's a great way to visit your favorite downtown restaurants and save money too!  More than 40 restaurants are offering specially selected 3 course menus for you to "devour" with your friends!  It's going on right now through Saturday February 6th and the prices are as little as 2 for $30 or others are offering $30 each.  And we're not talking about places you've never heard of -- we're talking about more than 40 of the very best downtown gathering spots like St Elmo Steak House, Ruth Chris, Palominos, Scotty's Brewhouse.  Visit www.devourdowntown.org for details and menus.

And then...how about enjoying a Pacer game?  As part of Devour Downtown, your Indiana Pacers are offering two club level seats to either the Toronto Raptors game on Tuesday, Feb 2  or the Detroit Pistons on Friday, Feb 5 for, you guessed it, only $30!  Visit www.pacersmvp.com/devour to order tickets!

Sold -  507 Green Valley Dr, Greenwood IN 46142

Closed 1/11/2011, List Price $109,900, Sale Price $105,000

Tired of cookie cutter neighborhoods and tiny yards? Take a look at this 1432 sf brick ranch in Greenwood -- popular Center Grove Schools too!

Gleaming hardwood floors in living room, hall & all 3 bedrooms have been professionally restored to their original beauty. A newer furnace, AC & hot water heater mean less maintenance for the new owner. Nice updates include new vanity & fixtures in the half bath (there is room to add a shower and convert this to a second full bath) and new sink and fixtures in the full bath.

The seller is leaving all of the appliances, including the washer and dryer.  You'll enjoy the nearly ½ acre property featuring mature trees & fenced backyard. The location is conveniently close to shopping - 5 minutes from the Greenwood Park Mall - restaurants and less than ½ an hour commute to downtown Indianapolis. Greenwood city water & sewer. Property taxes are incredibly low -- only $298 per half - great for the budget!

Search for other Center Grove Properties

Originally Posted by Steve and Tonda Hoagland, Active Rain Blog 1/20/2010

(Information deemed reliable, but not guaranteed)

Our sources say rates are going up in 2010!  How much and when?  According to experts in the mortgage industry, rates will start the year just above 5% and will gradually climb into the 6 1/2 range as the year progresses.  Why?  One of the main reasons is the expiration of the Federal Reserves Mortgage Backed Security Purchase Program at the end of March.  This program was instrumental in keeping rates artificially low in 2009.  So as the program winds down, rates will likely edge higher as we get closer to summer. 

For buyers, this means their dollars will buy less house as the rates inch upward.  How much does a rate change really affect a monthly payment?  Here's an example from the e-Book, Only 8 Steps to Home:

For the last twenty years, the mortgage interest rate averaged approximately 8 percent in the United States.  For the same $1000 monthly payment, a buyer can afford $30,000 more house at a 6% rate vs 8%. 

Rates aren't expected to increase quickly, but they will most likely be volitile throughout 2010 with waves of ups and downs and a trend that is clearly up.  So if you're considering purchasing a home, now may be a great time to seriously consider taking the plunge.

Visit our website to download the e-Book "Only 8 Steps to Home" or see how to get your own print copy of "Your First Home, The Proven Path to Home Ownership".  

 Other e-Books are also available:

"Your Handbook to Home Ownership"

"The Skinny on First Time Home Buyers"

"$8000 Closer to Home"

Price Reduced - Home For Sale by the Hoagland Group - 590 Cynthia Lane, Whiteland IN - Park Forest  

Announcing a price reduction on this lovely 3,406 sq. ft., 3 bath, 5 bdrm 2 story "2bdrms down, 3 bdrms up". Now $215,000  - Great Value -  Over 3400sf!.

Property information