indiana: Buying a Bank-Owned Home Takes Preparation, Patience
- 10/15/13 06:33 AM
If you’re looking for a superior deal on a new home, you may find that a local bank-owned home is a serious contender. Today’s real estate market includes a variety of foreclosed homes, some of which can be had at prices well below baseline levels.
Adding to the activity in that sector is the virtual disappearance of any degree of the stigma formerly attached to the bank-owned home market. By May of 2012, Realtor Magazine was already reporting how the rise in distressed inventories had brought about an increased appetite for the sector: “Nearly 65% of buyers say … (1 comments)
indiana: Getting the Most From the Local MLS Listings
- 10/14/13 01:16 AM
Believe it or not, it takes home-seekers an average of 12 weeks to find a home. To shorten that time, there is nothing more useful than the Internet’s Multiple Listing Service. When you are working with a buyer’s agent, the lion’s share of the work will be done for you — but when you participate in the online search, too, it makes a dynamite combination! Starting out with a clear idea of the features you think of as “must-have’s” will save the most time and effort. This doesn’t mean every feature you would ever consider a plus; these should be the … (2 comments)
indiana: To Sell Your Home Quickly, Get the Price Right!
- 10/09/13 05:38 AM
Rushing to sell your home is never desirable — but circumstances sometimes require it. To sell your home in Evansville quickly, the most important factor is finding the right price. Too high a price will dampen buyer interest — but of course you don’t want to set the price too low, either. Here’s one way to find the right price: First, complete all repairs. They’ll have to be addressed at some point, so getting them out of the way first clears the deck for your sale. To sell your home quickly, you want to feature it in the best possible light…meaning … (0 comments)
indiana: Comps are Real Estate Values' Incomparable Tool
- 09/13/13 12:34 AM
Whenever you hear that a neighbor’s house is on the market, the same question flashes through nearly every homeowner's mind: how much are they asking? That's because of the nature of residential markets: our own homes' real estate values (in fact, all local real estate values) are connected with one another, and that asking price is an estimate of the current state of affairs. It has to be reasonable in order to attract the attention of serious buyers — but if it’s too reasonable, on closing day the seller will walk away with a lighter bank account than necessary. Real … (2 comments)
indiana: Boomers’ Housing Choices Show Tilt Toward Comfort
- 09/12/13 02:06 AM
If the area’s baby boomers are echoing national demographics, they are either already enjoying retirement or are preparing for it. But for soon-to-be seniors, that word retirement has taken on some new connotations. Today’s seniors may be headed to a retirement with some major differences. Taken as a whole, boomers remain a markedly active group — one less likely to consider a 65th birthday the end marker for their working life. Yet for those buying a home in Evansville that will make their senior years as comfortable as possible, their choices are bound to differ greatly from those they’ve made in … (0 comments)
There are a lot of positive things to discuss about real estate in this month’s Market Watch, both locally and nationally. Although from both perspectives the news is good, the news is not necessarily the same. According to Lawrence Yun, chief economist for The National Association of Realtors, sales prices nationally are 13.7% above last year’s levels. Prices are still 7.3% below their all time high (July 2006). Days on market data is more difficult to obtain accurately but best estimates are in the 60-70 day range. There is currently a 5.1 month supply of homes … (1 comments)
indiana: Knowledge is Power With an Advance Inspection
- 09/06/13 02:49 AM
The advance home inspection process in Evansville plays a pivotal role to both seller and buyer. Correcting problems at an early stage increases a home's appeal — and its selling price. An advance inspection also sets the stage for a favorable final inspection report for the buyer (and the buyer’s lender), expediting a sale. Yet according to home inspection experts, approximately half the homes on the resale market today have at least one significant defect! Advance knowledge of imperfections or malfunctioning systems in a property helps buyers commit if the house is a worthwhile buy. And knowing trouble spots in advance … (1 comments)
indiana: Listing your Homes: Low-Maintenance or Lush Landscaping?
- 09/06/13 02:48 AM
Have you ever driven by fantastic-looking homes one week, only to notice that they have lost their appeal only a few weeks later? Chances are such a nosedive in curb appeal could be due to an unrealistic approach to front yard landscaping. Especially as homes approach fall weather changes, and even more notably for homes that are about to be put on the market, reality (instead of fantasy) should rule when landscape design changes are being decided. The key is maintenance. Taking care of lush landscaping is a time-consuming activity, so if you are not a garden hobbyist dedicated to … (0 comments)
indiana: Evansville Real Estate News Letter for July 2013
- 07/30/13 01:00 AM
Last month I said I would make this month’s Market Watch a comparison of the first six months of 2012 to the first six months of 2013. I knew this would be fun because by every measure, the first six months of 2013 have been better than the first six months of 2012. Number of sold homes increased from 2095 units to 2390 units é 14.1% Average sales price increased from $125,838 to $131,171 é 4.2% Dollar volume of closed sales increased from $262.1 million to $310.8 million é 18.6% List price to sale price ratio increased from 95.40% to 96.36% … (0 comments)
indiana: Buying a House in Today’s Exciting Market
- 07/17/13 05:58 AM
Buying a house for the first time! It means you’ll be joining the club: the home ownership club that Americans have traditionally recognized as emblematic of the fullest community membership. It’s an exciting endeavour — one that ushers in a whole new realm of pride, maturity…and of a truly major commitment. It’s the show of responsibility that’s the reason home ownership bestows automatic respect from the community. It is, after all, unmistakable evidence of long-term stability, as well as commitment to deal with the future with all it holds — known and unknown. That commitment is something all homeowners share. … (0 comments)
indiana: Bank-Owned Home Negotiating Takes Experience & Patience
- 07/16/13 04:16 AM
Last month’s RealtyTrac foreclosure roundup showed that for the first time in a while foreclosure activity across the nation was on the increase. Largely due to an 11% month-over-month increase in bank repossessions (REOs), U.S. foreclosure starts increased 4% from the previous month. It wouldn’t be surprising if that kind of news winds up resulting in renewed buyer interest in the area’s bank-owned home market. Daren Blomquist, RealtyTrac’s vice president, had previously pointed out the state of the market. “While distressed properties — whether bank-owned, pre-foreclosure or short sales not in foreclosure — are still selling at a significant discount … (0 comments)
indiana: National Mortgage Rates Up ? But Purchases Still Climbing!
- 07/15/13 02:31 AM
For Evansville homeowners and soon-to-be homeowners, it looks like the end for deeply depressed mortgage rates. Nationally, rising rates have temporarily created a downdraft in home loan applications. According to the Mortgage Bankers Association, mortgage applications fell 4% in the first week of July after plummeting 11.7% the week before. ‘The Market Composite Index’ is the measure of mortgage loan application volume — and it decreased 4.0% from a week earlier (on a seasonally adjusted basis). Altogether, national mortgage applications so far this July are about a third below their level of a year ago. The drop in applications comes as … (0 comments)
indiana: Real Estate Agents Emphasize Value Improvements
- 06/25/13 04:20 AM
On Thursday, Bloomberg’s online news service confirmed what we had been hearing in more general terms: “Sales of previously owned U.S. homes climbed more than forecast in May…and prices jumped, indicating more progress for residential real estate.” Agents here in Evansville would also not have been surprised at the national surge in selling prices “by the most since October 2005”. If you were already inclined to sell your own home, it looks more and more as if this summer will be a propitious time to jump on the opportunity.
As real estate agents gear up to maximize the … (1 comments)
indiana: Common Beginner Mistakes When Renting a Home
- 06/20/13 01:49 AM
With housing prices on the rebound, it’s easy to see why some homeowners find buying an additional property an increasingly attractive possibility. Getting into the landlord business offers the appeal of a growth investment coupled with the possibility of a favorable cash flow situation. That said, make no mistake about it: renting a home in Evansville is its own business enterprise. Becoming a landlord means making business decisions that carry elements of risk as well as reward. When renting a home in Evansville, there are a number of common — but avoidable — first-time landlord mistakes: Fair Housing Violations From … (1 comments)
indiana: Selling Your Home Means Keeping Ahead on Maintenance
- 06/17/13 05:54 AM
The graduations are just finishing up, most summer getaway are booked, and with the end of June soon to be coming our way, many homeowners may be thinking more about holiday weekends and BBQs than home maintenance. But for those selling a home this summer, keeping ahead of upkeep issues will become an important part of the project. Some items that bear watching: The best time to clean air conditioners is before you fire them up for the first time…but since the AC always seem to be needed sooner than expected, few of us do. Never mind: sooner is better … (0 comments)
indiana: Evansville Real Estate News Letter for May 2013
- 05/30/13 04:39 AM
Market Watch Although home sales have improved across all regions of the country, including our local market, I believe there are some subtle differences in both the results and the reasons. First, from a national perspective, existing home sales increased again in April to an annualized rate of almost 5 million homes. This is up 9.7% from the same time last year. According to the National Association of Realtors (NAR) median sale prices for existing homes were up 11% in April compared to April of 2012. Nationally foreclosures and short sales accounted for 18% of sales in April, down significantly from … (0 comments)
indiana: Property Manager Duties Are True Stress-Relievers
- 05/16/13 12:28 AM
You are buying a second home: this will be more than a sizeable investment — by any measure, it’s a considerable personal achievement as well. That second home may be a family retreat, a vacation property you will be renting out (at least part time); or a pure income-producing rental. When a realistic appraisal says that you won’t be able to devote much time and attention to your new holding, the way to fill that gap is to locate an experienced local property manager. As you will learn, it’s a specialized field. According to the latest studies, the median … (0 comments)
indiana: Pre-Inspected Listings Help Save Time, Money
- 05/15/13 01:55 AM
If you are readying your home for sale this spring or summer, one of my favorite tactics to set your property apart from other area listings is to order a pre-inspection. If you’re not familiar with the term, a pre-inspection is a less detailed, less expensive visual inspection designed to report major conditions certain to be noted in the final. Why add this extra expense? Won’t buyers ultimately get their own inspection?
Yes, they will. But the purpose is not to replace a final inspection — it’s to attract more offers and hasten a final sale by minimizing re-negotiation. … (1 comments)
indiana: Three Questions to Ask New Neighbors When Relocating
- 05/09/13 04:57 AM
With more than 43 million people relocating throughout the U.S. every year, you don’t have to wait until you are surrounded by stacks of cartons to realize how important it is to make your next move the right one. If you’re buying a house in Evansville in the foreseeable future, it’s a particularly valuable idea to take the time to chat with some of your potential new neighbors. And while you’re at it, why not bring up a few relevant questions: Which schools are best? School quality affects more than just property values. Especially if you have your own kids, buying … (2 comments)
indiana: Area Real Estate Market Watchers Find Another Surprise
- 04/29/13 07:15 AM
When the Wall Street Journal or Forbes run mortgage rate stories as their lead items, those of us who keep an eye on the local real estate market pay close attention. I frequently share what they say here. But when even the non-financial outlets like USA TODAY and the cable TV news channels give top billing to real estate market news, it’s a real attention-grabber. That’s what happenedlast week. USA TODAY’s online headline focused on the 15-year fixed mortgage rate, “at a record low 2.61%.” The cable news channels talked about record low rates, too (although if you hit the ‘pause’ … (0 comments)
About Me
The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!
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