Considering Moving up to a New Home in Indianapolis? It's Time to Take the Plunge!
It's a fantastic time to consider moving up! In fact we're surprised more people aren't taking advantage of this "perfect storm" for move-up buyers in the Indianapolis area. Here are some things to keep in mind about the current market:
- Homes for sale that are in excellent condition, show really nice and are priced appropriate for the local Indianapolis market are selling
- With interest rates at a record low - many people can buy significantly more house for the same monthly payment as they could, even just a year or two ago, when rates were say 6%.
On a $300,000 mortgage the payment at 4% the monthly P&I is $1432, at 6% that same mortgage is $1799. That's $367 every month for as long as you own the home! If you're planning on staying put for awhile, the savings can be significant.
- It's necessary to price the home you're selling to reflect the current market - but you're also buying at a discounted price and if you're moving up - you win! Anything you lose on the sell side, you more than make up on the buy side.
- The rates are being held artificially low right now, but as soon as the economy and housing market shows signs of recovery, rates will start climbing -- right along with the prices.
- Is new construction an option? If so, builders are offering some fantastic incentives right now.
This short video does a great job of explaining the unique opportunities the current market has for move-up buyers in the Indianapolis real estate market: http://youtu.be/uxOaf8235Rs
Don't be left watching from shore -- the water's great -- take the plunge!
originally posted by The Hoagland Group on Active Rain Blog
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We are passionate about helping clients improve the quality of their family's lives. We do so much more than just "sell" houses. (read more) With 15 years experience in real estate plus backgrounds in Sales, Technology, Finance and Interior Design, we bring a unique skill set to each transaction. Using the latest technology simplifies the process for buyers and sellers and extensive internet exposure sets every listing apart. Google us or any of our listings!
The Hoagland Group specializes in the following Central Indiana areas: Indianapolis, Greenwood, Center Grove, Whiteland, Franklin, Mooresville, Martinsville, Avon, Brownsburg, Carmel, Fishers, Westfield, Geist, and Plainfield.
How can we help you?
Steve Hoagland, Steve@PerfectPlaceForYou.com 
Tonda Hoagland, Tonda@PerfectPlaceForYou.com
Unless otherwise noted, every article is authored by Tonda Hoagland or by Steve Hoagland
