Indianapolis Home Buying Tips and Timelines

Real Estate Agent with RE/MAX Ability Plus

Indianapolis Home Buying Tips and Timelines                                                                      

Indianapolis Home Buying Tips and Timelines


Indianapolis home buying tips and timelines will give you today’s best market guidelines to purchasing your next home.  In addition, I will outline the expected timelines for each step of the purchase process.


Important Tips

When home buying in the Indianapolis Greater Metro Area the best tips to not cut corners are as follows:

  1. Interview 2 to 3 Realtors that work full-time in real estate
    1. Ask for referrals or their website testimonials
    2. Make certain they will respond quickly to your needs
    3. Ask for online alerts to the MIBOR property database
  2. Work with a local mortgage representative and get pre-qualified
  3. Obtain a survey before closing
  4. Get a home inspection immediately after your offer is accepted
  5. Understand your out of pocket cash needed for your purchase


Further information is available at Indianapolis home buying tips and timelines



Your Indianapolis home buying timelines are important to follow and need to be closely monitored by you and your Realtor.  The most common timelines are as follows:

  1. Earnest money (your deposit) should be submitted within 24 hours after acceptance of the purchase agreement and definitely within 48 hours
  2. Making a formal mortgage application should be completed within 3 business days
  3. Neighborhood homeowner association covenants should be received by you from the seller within 7 days after acceptance of the agreement
  4. Homeowners insurance should be obtained by you from a local insurance company within 7 days after acceptance of the agreement
  5. Your home inspection should be completed within 7 days after acceptance of the agreement
  6. If your home inspection reveals problems, you should submit an inspection response to the seller within 10 days after acceptance
  7. Your final mortgage approval should be approved within 21 days after you have submitted your formal mortgage application


These important Indianapolis home buying tips and timelines are only part of the buying process.  For a complete, professional and free buyer’s consultation, please contact Carmel-based Realtor Jeff Cloyd at either 317-753-1398 or at  He will guide you through the Indianapolis home buying tips and timelines.


Comments (4)

Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information
Howdy and afternoon Jeff
Folks sure will appreciate those helpful home buying tips and the timelines!
Welcome to the ActiveRain Real Estate blogging community! You'll sure find a lot of mighty fine folks here in the community to get to know. I'm one of the many ActiveRain community members which are an ActiveRain Ambassador.
If you should ever have any questions about how to do anything or about the rules of the ActiveRain community, please feel free to contact me either by sending me a e-mail or by giving me a call, I'll sure be mighty glad to give you a helping hand. If for some reason I don't know the answer to a question which you might have, I'll sure will find out the answer and get back to you with the right answer.
Take the time to look at the different groups within the community, pick some different groups to join, post your blog posts in them, be sure to take the time to read the posting guidelines of each group you might want to join, folks sure will want to follow them. Members can join as many or as few of the different groups within the community as they would like to. Members are able to post their blog posts in 5 different groups at a time.
Keep up your mighty fine job of posting! I'll be looking forward to seeing even more blog posts written and posted by you, plus seeing you join some of the mighty fine groups in the AR community.
Have a good one
Dale in New Hampshire
May 22, 2013 08:28 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you’re off to a great start…keep it up!

May 24, 2013 07:08 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

Welcome to Activerain and I hope you are learning a lot and if you ever need any assistance, don't hesitate to check out my blog, email me, call me, I will be glad to help you in any way possible. Also, check out the main page of Activerain and look for the Activerain University tab, there are lots of educational webinars to help you build your business.

May 26, 2013 08:46 AM
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA

Welcome to Activerain from from all of us at Ken's Home Team. I think you will find this site to be a wealth of knowledge and referrals. This really is the best real estate blogging and real estate network on the internet. If you have any questions about Activerain, reach out to the wonderful Ambassadors here in the rain. (They are a wealth of knowledge and were picked by the Activerain staff for their williness to help others)

May 26, 2013 08:51 AM