Everyone wants a deal on the purchase of a home; I have identified them! I have picked up quite a few buyers in the last week and it seems we are looking at short sales in every case. I am becoming a resident expert on the value and deals in the Fishers Real Estate area.
The following are my Top 5 Picks for Short Sale Deals ranging in price from $129,900 to $200,000 in the Fishers Real Estate market:
11317 Boston Way is a three bedroom two full bath with 1,238 sq ft. It is listed at $129,900 and has been on the market 193 days starting at $154,900.
The home at 11399 Guy Street dropped in price from $153,000 to $135,000 yesterday. It is a 1,647 sq ft home with an additional 555 sq ft basement. I've been in it; it's my pick for the BEST deal in Fishers Real Estate today!
12613 Brookhaven is a four bedroom 2 1/2 bath home with 2,581 sq ft. Listed at $149,900; it has been on the market for 320 days and sold for $171,600 in 2004 and is assessed for $166,700.
12863 Oxbridge is in a low maintenance community built by Pulte out at Olio and 126th. It is a two bedroom and a den, and has a 1,500 sq ft unfinished basement for $165,000. It has been on the market for 103 days and is assessed at nearly $200,000. This sold for $192,000 in 2005.
10460 Fox Creek Lane in Fox Run is a four bedroom 2 1/2 bath 2,500 sq ft home with an additional 1,300 sq ft basement for $195,900. It sold for $216,000 in 2006 and is assessed at $209,000.
Stay tuned for the remaining Top 5 from $200,000 to $650,000!
Please remember that to get a deal you must give something; nothing is for free. You will either give it in sweat equity because it needs work or you will give it in time because a short sale can take months to complete depending on the bank and how far along they are in the process. Banks are typically not in the real estate business so many times a short sale will sit on a desk until someone gets time from their normal jobs to process these. They need to have a BPO (Broker Price Opinion) completed, various documents from the seller/owner demonstrating financial hardship and a final proceeds from the Title Company recorded. Typically if you see a deal, so do other people so expect competing offers. Go in strong and as clean as possible so that they choose you to work with; use a Fishers real estate agent that knows what they doing.
Please be sure to have the home inspected so that you know what condition the home truly is in.
I currently have a Short Sale listed in the Moorings in Lawrence Township. It is a 2,400 sq ft 4 bedroom three full bath and one half with a full finished basement and a great yard for $230,000. The tax record shows it assessed at over $270,000. Please contact me (see below) to take a tour through this home or the ones discussed above and stop by in a few days to see the rest of the Top 10 Short Sale Deals in Fishers, Indiana!