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Considering Moving up to a New Home in Indianapolis? It's Time to Take the Plunge!

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:

diving into waterHomes  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

 

Unless otherwise noted, blogs are authored by Tonda or Steve Hoagland

 

 

Comment balloon 3 commentsTonda & Steve Hoagland • September 23 2010 03:48PM

Comments

Tonda, I hope your buyers take notice.  These interest rates right now are RIDICULOUS!  I can't imagine ever seeing them come around like this again.  People need to take advantage of it while they still can!

Posted by Daniel Francis, MORE listings with LESS competition. Ask me How! (StepStone Realty, LLC) over 7 years ago

There are some crazy good deals out there right now.  A client I sold a house to several years ago contacted me yesterday saying he was thinking about moving up and wondered how the market was.  as I put together an email to respond, I basically wrote this blog -- so thought why not share the same thoughts here?   

Posted by Tonda & Steve Hoagland, Real Estate - Greenwood Homes for Sale - Central I (Keller Williams Realty) over 7 years ago

I typically have October as my busiest month...not this year.  It seems like the buyers just are still unsure of the economy and won't move off the fence.  Luckily I do a lot of relocation and people are still moving to the Indy area.

Cindy in Indy

Posted by Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate (Keller Williams Indy NE 317-290-7775 www.marchantteam.com) over 7 years ago

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