Real estate blog entries tagged with real estate by Kay Kammeyer, Realtor/Broker (F.C. Tucker Company)

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real estate: Central Indiana home sales down in February - 03/15/11 01:51 AM

More than 1,400 Central Indiana homes pended in February, with two of nine Central Indiana counties reporting increased sales compared to the same time period last year, according to sales statistics compiled by F.C. Tucker Company. Overall, February year-to-date home sales decreased 16.7 percent, down 567 homes from the same period in 2010. Increased home sales were seen in Morgan and Shelby counties with a 16.1 and a 4.9 percent increase year-to-date, respectively.
"We are continuing to see a slower first quarter of 2011 than 2010, as we predicted," said Jim Litten, president of F.C. Tucker Company. "The first three months … (0 comments)

real estate: Central Indiana home sales down 40 percent in October - 11/15/10 11:32 PM

For the fourth straight month, home sale prices in all nine Central Indiana counties year-to-date through October have increased over 2009 by an average of nearly 9 percent, according to sales statistics compiled by F.C. Tucker Company. Meanwhile, pended home sales are down -40.7 percent over October 2009, with an average of -9.7 percent for the year.
On a year-to-date basis, 19,319 homes have pended in the region through October, compared to 21,398 homes pended through October 2009. The average sale price for homes in Central Indiana year-to-date through October was $150,282. Of the 1,301 pended homes in the region last … (0 comments)

real estate: Central Indiana home sales down for the month, but only off 6.1 percent - 10/21/10 02:45 AM

Hancock, Morgan and Shelby counties all showed an increase in pended home sales last month compared to September 2009, while overall home sales in the nine-county Central Indiana region were down slightly by 6.1 percent for the year, according to sales statistics compiled by F.C. Tucker Company. Meanwhile, September 2010 home sales were off -22.8 percent compared to September 2009.
On a year-to-date basis, 18,028 homes have pended in the region through September, compared to 19,204 homes pended through September 2009. More homes are on the market in the $299,999 and under price range, while inventory is tightening slightly at prices … (0 comments)

real estate: Become Pre-Qualified Before You Begin House Hunting - 10/12/10 01:18 AM

Before you begin house-hunting, you should meet with a lender and be pre-qualified. This will help you determine the price most suited to your ability to pay and your comfort level. Pre-qualified gives you a number of advantages.
You will be assured that you're looking at homes you can confidently afford to finance. Your efforts will be focused on properties that match your financing abilities. When you find a property, sellers will take your offer more seriously given that you have a lender that has committed to backing your offer. You will have an edge over other buyers who aren't pre-approved. … (2 comments)

real estate: Central Indiana home sales down for the month, but only off 4.5 percent year to date - 09/14/10 01:32 AM

Madison County showed an uptick in pended home sales last month compared to August 2009, while Boone, Hancock, Morgan and Shelby counties have all posted positive gains year to date, according to sales statistics compiled by F.C. Tucker Company. Overall, pended home sales in the nine-county Central Indiana region were off -23.1 percent in August 2010 compared to August 2009.
On a year-to-date basis, 16,215 homes have pended in the region through August, compared to 16,981 homes pended through August 2009, down 4.5 percent for the year.
More homes were on the market last month compared to August 2009, with the … (0 comments)

real estate: Why You Should Work with an Indianapolis Area Realtor - 09/07/10 02:10 AM

A licensed real estate professional provides much more than the service of helping you find your ideal home. Realtors are expert negotiators with other agents, seasoned financial advisors with customers, and superb navigators around the local neighborhood.
1. Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.
2. Information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They'll also be able to provide objective … (0 comments)

real estate: Pricing Your Home Correctly for the Indianapolis Real Estate Market - 08/24/10 03:22 AM

Market Value vs. Appraisal ValueMarket conditions currently have set the price of your home 10% less then the appraisal. Market value is what has sold in the last 6 months. The true value of your home is what someone is willing to pay for your home.
List Price vs. Sales PriceTypically you will receive 97% of the list price of your home. We keep this in consideration when we price the home. In this example we would add 3% to the selling price to get the list price.
Key Reason a Home Does Not Sell is PriceSince you will generally have … (0 comments)

real estate: What is Title Insurance? - 08/17/10 02:58 AM

Ownership of land can be passed from one person to another in several ways. A landowner can be granted full ownership for a pre-determined period of time (e.g., his own or someone else's lifetime); he/she can be given the land with certain conditions (e.g., no gambling can ever take place on the land, or, it must always be used for church purposes); or he/she can be granted full ownership for an indefinite amount of time, complete with the right to pass the land on to his/her heirs.
Ownership is evidenced through a document called a title, and for every piece of … (1 comments)

real estate: Home prices climb an average of 8.9 percent in Central Indiana - 08/13/10 01:32 AM

The average sales price for homes in the nine-county Central Indiana region is up 8.9 percent year to date, because the mix of sales has changed, according to sales statistics compiled by F.C. Tucker Company. More homes at $300,000 and above have sold, reflecting the uptick in prices. At the same time, however, pended homes sales are down slightly at 2 percent lower for the year compared to 2009.
Central Indiana homes sold for an average price of $148,649 for the first seven months of the year, a healthy increase of $12,102 over the 2009 year-to-date sales price. Shelby County reported … (0 comments)

real estate: What is a Sales Contract or Purchase Agreement - 08/09/10 02:07 AM

An offer to purchase spells out all of the details of the transaction. If, for example, you want to be sure that the washer and dryer are included in the sales price of the home, that intention must be specified in your original offer. A verbal agreement is not enough.
An offer to purchase typically includes:
The buyer's name and statement of intent to purchase the property The address of the property The purchase price and how it is to be paid (e.g., amount of earnest money, where it will be deposited, amount of down payment, amount of mortgage, terms of … (1 comments)

real estate: Value of Kammeyer Realty Group When Buying a Fishers Home - 07/28/10 01:25 AM

Kammeyer Realty Group will provide an exceptional experience with integrity and honesty from the moment we meet. Our reputation is what makes us referable. We want you to tell your friends, neighbors, and coworkers about our first-class service.
Every detail handled Every home is thoroughly researched in order to protect your investment Provide an understanding of contracts & legal responsibilities We are service driven & focused on client satisfaction Current knowledge of the local market Relationship with our clients extend beyond the closing Established relationships with other agents Show you all & homes that meets your criteria, regardless of the fee … (0 comments)

real estate: Why You Should Work With An Indiana Realtor - 07/23/10 02:20 AM

real estate: 2010 Fishers Indiana Summer Concert Series - 06/14/10 01:06 AM

Looking for something to do in Fishers Indiana? The 2010 Fishers Summer Concert Series started June 1. It is seven free, family-oriented concerts in downtown Fishers Tuesday evenings from 7 pm - 9 pm.
Here is the schedule:June 15 - Big Daddy Caddy (Variety)June 22 - toy Factory (Rhythm & Blues)June 29 - BBI (variety)July 6 - Paul Butler & Partners in Crime (Elvis Tribute)July 13 - Dave & Rae (Top 40s/Pop)
Want to know more about Fishers events and general information about living in Fishers? Contact Kammeyer Realty Group at 317-570-3800 or visit us at www.KammeyerRealtyGroup.com.
… (0 comments)

real estate: What is Earnest Money? - 06/01/10 12:58 AM

When you submit an offer, you must include a cash deposit, called earnest money. This deposit indicates to the seller that you are serious in your intent to purchase the home.
There is no specific required amount, but general practice is 1% of the purchase price. It should be enough to discourage the buyer from defaulting, compensate the seller for taking the property off the market, and cover any expenses the seller might incur if the buyer defaults. As the buyer, on the one hand, you don't want to put all of your savings into earnest money; you'll need to save … (2 comments)

real estate: Indianapolis Area Real Estate Myths - 05/24/10 01:32 AM

Myth #1 - It doesn't matter which Realtor® you list your home with.
Truth - It is critically important which Realtor® you select to market and sell your home!
There are two major reasons why your selection of a Realtor® is so important to your getting your house sold and getting the highest price and least inconvenience to you.
First, the real estate market is highly competitive with many other sellers competing for those few available, qualified buyers. Less than 60% of the homes that are put on the market actually sell. You need Kammeyer Realty Group with a proactive marketing … (1 comments)

real estate: Why You Need a Realtor When Building A Home - 04/23/10 12:10 AM

Just because you are building a home doesn't mean you don't need the representation of a Realtor. There is no cost to you to have a Realtor on your side. Here are some of the benefits that Kammeyer Realty Group of Fishers Indiana can provide to you.
Cost to youNothing! Any compensation given to your real estate agent is recognized by the builder as a marketing fee and has no impact on the final cost of the home. Builders desire, expect and encourage Indiana real estate agent participation.
Savings to youAre you getting what you're entitled to have... both in quality … (2 comments)

real estate: Making the Move Easy On the Kids - 03/29/10 02:21 AM

Most often, a move represents an important step forward for the adults in the family because of a new job, promotion, transfer to a different office, or financial success has allowed them to buy a more comfortable house in a different neighborhood. Moving from one house to another is seldom easy and enjoyable for adults (who chose to move), and can be especially troubling for children (who prefer to stay where they are). But if parents are mindful of their children's concerns and needs, they can minimize distress and discomfort. A Move Affects Children and Adults Differently People typically live in … (1 comments)

real estate: Fishers, Indiana - America's Best Affordable Suburb - 03/17/10 12:29 AM

Fishers Indiana emerged as America's best affordable suburb in Bloomberg BusinessWeek's 2010 report. Affordability is among the most important factors when selecting a place to raise a family, but it is far from the only consideration. In too many regions, low prices also translate to substandard services, poor schools, and high crime rates.
To identify those towns that offered both affordability and good quality of living, BusinessWeek evaluated 863 communities according to a range of metrics developed with New York-based real estate data company Onboard Informatics. These include living expenses, income, crime rate, schools, commute, local economy, racial diversity, and green … (0 comments)

real estate: Understanding the Short Sale Process - What to Offer - 02/17/10 11:18 PM

It used to be the case, that lenders would use an REO vs. short sale analysis to evaluate whether to approve a short sale. REO means Real Estate-Owned, or Bank-owned which just means that the bank has foreclosed and seized the property, and they are now selling it themselves. So, after calculating the cost of seizing the property, maintaining it, paying for utilities & upkeep, and paying the agent fees for selling it, if the short sale offer was greater than their expected cost of seizing and selling it themselves, they would approve the short sale.
However, that has now changed … (0 comments)

real estate: Understanding the Short Sale Process - Starting the Process - 02/15/10 11:39 PM

Whether you are a homeowner or a buyer wanting to purchase a particular home in the Indianapolis area, the sale or purchase of a short sale property is a time consuming, complicated, and challenging process for your agents. However, the rewards far outweigh the challenges. For the listing agent, helping the homeowners resolve a financial issue and get out from under the mortgage with integrity, reserving their credit worthiness for the future, is quite a rewarding experience. For the buyer agent, helping a home buyer purchase a home with built-in equity after the recent collapse of home values is very satisfying.
… (0 comments)

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