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The Home Buying Process Has Changed I recently helped a young couple buy their first home. After months of looking, and an offer that went nowhere, they found a home they liked AND we got an accepted offer. The house was a short sale. Because the buyers were tech savvy, the search process was much different than it used to be. We met and talked about what they wanted. I sent them listings via email and he pulled them up on his iPHONE. When they found homes they wanted to see, I had them drive by first because the online pictures (9 comments)
Home Buying-REO, Repo or Foreclosure? It's not always a bargain. - 09/19/10 08:26 AM
What is a REO, Repo or Foreclosure? In Indiana, these are homes that have been foreclosed and are now owned by the bank or mortgage company. The property did not find a buyer during foreclosure auction. The bank now owns it. The bank should see to the removal of tax liens, evict occupants if needed and generally prepare for the issuance of a title insurance policy to the buyer at closing. Do be aware that in Indiana the seller of an REO is exempt from giving a Residential Sales Disclosure, which is a document that normally requires sellers to tell you about any defects they are aware of. This means it (3 comments)
Buying a Lakehouse? Make sure you know what waterfront means. You may be surprised. - 09/18/10 10:24 PM
Waterfront Can Be Lakefront, Channelfront, Deeded Access, Frontage Lot, Association... you need to know the difference. Most of the buyers I meet who come to me looking for a place on the lake have an idea of what they want. In their minds this means the home or cottage sits at the waterfront. They want a nice beach for swimming and a place to dock their boat. They also have a price range in mind. After looking at listings (often for months) online, many of them have already decided if they want to be on a lake that is all sports (0 comments)
LaGrange County Indiana Lake Market Statistics August 2010 - 09/14/10 07:53 PM
Lake Property Sales This MonthThere were 7 lake property sales this month ranging from a cottage with deeded access to a fishing lake that sold for $52,000 to a lakefront home on a fishing lake with access via channel to a ski lake that sold for $265,000. The median sold price in LaGrange County this month was $107,000. Year to Date Lake Property Sales as of August 31st, 2010So far this year there have been 42 lake property sales. The median sold price in LaGrange County this year is $149,950.
Historical Comparison of Year to Date (0 comments)
Noble County Indiana Lake Market Statistics August 2010 - 09/14/10 07:46 PM
Lake Property Sales This MonthThere was only 1 lake property sale this month in Noble County. A lake front home on a ski lake sold for $217,400. Year to Date Lake Property Sales as of August 31st, 2010So far this year there have been 25 lake property sales. The median sold price in Noble County this year is $135,000. Historical Comparison of Year to Date Lake Sales and Median Prices 2010 25 sales with a median price of $135,0002009 15 sales with a median price of $175,0002008 31 sales with a median price of $112,0002007 44 sales with a median price (0 comments)
Steuben County Indiana Lake Market Statistics August 2010 - 09/14/10 07:44 PM
Lake Property Sales This MonthThere were 20 lake property sales this month ranging from a single wide with association access to a fishing lake that sold for $14,900 to a lakefront home on a ski lake that sold for $725,000. The median sold price in Steuben County this month was $190,000. Year to Date Lake Property Sales as of August 31st, 2010So far this year there have been 92 lake property sales. The median sold price in Steuben County this year is $154,250.
Historical Comparison of Year to Date Lake Sales and Median Prices2010 92 sales with a median (0 comments)
LaGrange County and Noble County Our office is located in Wolcottville Indiana which is in both LaGrange County and Noble County. We combine the data because there are so few sales it provides a more reliable result for averages. Market and Sales Data Year to Date- End of August 2010 All Residential 2009 2010 Change Average Sales Price YTD 99,463 100,135 +.7% Homes Sold YTD 257 310 +20.6% Average Days on Market 166.0 174.0 +4.8% There are 682 homes listed for sale and at the average sold per month so far, it will take 17.9 months to sell them all (months of supply). Homes sold for 92.1% of the price they were listed at prior to sale. More LaGrange and (1 comments)
LaGrange County Indiana Housing Market As of the end of August 2010 - 09/14/10 07:31 PM
LaGrange County and Noble County Our office is located in Wolcottville Indiana which is in both LaGrange County and Noble County. We combine the data because there are so few sales it provides a more reliable result for averages. Market and Sales Data Year to Date- End of August 2010 All Residential 2009 2010 Change Average Sales Price YTD 99,463 100,135 +.7% Homes Sold YTD 257 310 +20.6% Average Days on Market 166.0 174.0 +4.8% There are 682 homes listed for sale and at the average sold per month so far, it will take 17.9 months to sell them all (months of supply). Homes sold for 92.1% of the price they were listed at prior to sale. More LaGrange (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.