Indiana Real Estate News Blog

Zionsville Indiana Real Estate and Information

Zionsville is a beautiful place to live in for families with children, making it a place where children and parents can further build up social ties with other families, along with family oriented activities and community participation. Zionsville’s finest public school district as well as the huge population of college students, offer an environment encouraging for academic values.

Diversity of Homes in Zionsville

When it comes to real estate, Zionsville has a higher rate of single family homes, reflecting the stability seen in the local community. Additionally, the crime rate in Zionsville is one of the lowest in the country, thus making it among the safest place to raise a family. Homes in Zionsville vary significantly in price, age and style from historic homes encompassing the downtown area to brand new stylish houses providing all the modern amenities and services. Because of Zionsville’s appeal and affluence of its residents, its home prices tend to be a lot more expensive than that of the neighboring areas. Nevertheless, it doesn’t mean that there are no reasonably priced homes in the Zionsville area. Popular neighborhoods like the Royal Run provide affordable choices for home buyers to acquire all that Zionsville has to present. Whatever you are looking for, whether a modest house, or something historic or even a luxury mansion, Zionsville Indianapolis real estate options have it.

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Plainfield Indiana Real Estate and Information

Real Estate in Plainfield, Indiana

In a little, cozy town - Plainfield, life is simple and joyful. Clean air and relaxed way of living make everyone enjoy being here. Great place to raise the kids with a lot of public elementary schools and new High School built in the year of 2009. Plenty of parks and Aquatic Center make this place even more great and fun in the summer. Plainfield is located less than 20 miles from the center of Indianapolis which makes this place a beautiful suburb, totally adding some value to Indianapolis Real Estate market. An average listing price in this beautiful suburb is about $190,000 for a family home.

Real estate trends in Indianapolis area

Based on research studies, an average listing price for Indianapolis homes for sale is slightly less than $160,000. During the previous few years, prices in Indianapolis Real Estate market were falling because of foreclosures and rising unemployment. We would say that Indianapolis Real Estate market stands on solid ground in our current economy and reports show promising improvements. When it comes to average sales price of closed deals, Indianapolis Real Estate market showed its quarterly increase of over 10% in third quarter of 2013. We are expecting the same trend of strengthening home prices to continue during the year of 2014 and beyond. That would come hand-in-hand with relatively steady mortgage interest rates which are currently somewhere between...

Life in Brownsburg Indiana

Real Estate in Brownsburg, Indiana

Brownsburg Indiana is very nice choice for families who are looking into moving to the Indianapolis area. Median cost of homes family homes in Brownsburg Indiana go anywhere between $150,000 and $190,000. The community's has been built in a well-planned way. Brownsburg Indiana was listed as 33rd best place to live in the States according to Money Magazine and also one of the top 100 Best Places to Live by CNN (2011). The nearly 20,000 residents definitely agree with statements made, related to quality of live in Brownsburg Indiana. Residents are able to take an advantage of calm – small town life on one hand and urban way of living on the other, since Indianapolis is just 20 minutes away from them. Brownsburg Indiana is one of the best places to raise the children in Indianapolis Real Estate area. Just a few miles outside of Indianapolis in neighboring Hendricks County, Brownsburg is home to well known great schooling system services for children. Officially, the place is caring the distinction of a “Four Star” by the Indiana Department of Education. The system is set up through six elementary schools, two middle schools and a high school. Senior Academy is known as the part of Brownsburg High School. Besides mentioned, schooling system in Brownsburg schools works in conjunction with Avon schools to produce well educated candidates for...

Avon Indiana Real Estate and Information

Real Estate in Avon, Indiana

Avon is situated in Washington Township, Hendricks County in Indiana. Avon is only minutes away from the outer city of Indianapolis and the Indianapolis International Airport. Ever since its inception in 1995, Avon city administrators have taken steps to make the town function and gets bigger economically. 2000 census shows significant growth in population from 6,248 to 12,000 within city limits and the calculated population of the Greater Avon area is 45,000. The average household income of the city is approximately $80,000.

Affordable Housing in Avon

Avon is a preferred choice for home investors in the Indianapolis Area. The place provides a small town experience with a sense of community. Avon homes include a diverse mix of affordable choices from condominiums to luxury homes. No matter if you are a first time home buyer who wants to start a new life in Avon or a retiree, you will find this town a great place to search for that perfect home. Discover and learn how the residents of Avon live, their neighborhoods as well as homes for sale. When you are looking for long term or short term housing, Avon offers some of the most well-maintained and admirable apartment communities from the county. Avon homes offer reasonable price ranges so as to accommodate people wanting to buy affordable housing, thus making this town a popular haven for home buyers within the Indianapolis area.

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Indianapolis HUD Homes and Information

Indianapolis HUD Homes

Type of Buyers being prioritized for Indianapolis HUD homes

Basically, Indianapolis HUD homes are being sold first to buyers who intend to live in the house, and not to those who merely wanted to buy the house for investment purposes. Then again, if you are an investor and really wanted to have a HUD house, you need to hang around until the so called “priority period” for owner-occupant buyers end. It usually varies in the state where the home is being sold. In most cities of Indiana, priority is usually given to buyers who are acquiring homes for the first time.

Difference between a conventional house from a HUD house

A major difference of a conventional house against a HUD home, is the fact that you will have to recruit the services of a HUD certified real estate broker to transact HUD dealings. HUD homes are accessed by HUD agents only and they are the only ones who can present your offer or bid to HUD. The offer is then submitted electronically to the HUD system after paperworks have been made.

HUD Foreclosures

When talking about HUD foreclosures which Indianapolis also offers, the process of selling HUD homes are quite different as well. It commences with the Offer period, from which bids are received from your agent. The owner-occupants will have to bid on the houses being sold during the first ten days the listing is active. In case after the ten day period, and no bid is accepted, the investors can ultimately bid for...

Indianapolis FHA 203K Financing

FHA 203K Financing

A lot of homeowners are searching for home loans that is affordable, whether for the purpose of buying a new one or making improvements in it. That is why the FHA 203k financing was established by the Department of Housing and Urban Development or HUD. The main objective of this program is to help the borrowers in financing for their housing needs, providing favorable loan terms, a much higher loan limit, and lower down payment options for those buyers who are qualified to avail. FHA 203K can also be used to buy foreclosures as well as short sales.

Buying Indianapolis Homes for Sale

If you are interested to buy an Indianapolis real estate and wanted to avail the FHA 203K program, there are certain things you need to be aware of. The main purpose of the 203K program in Indianapolis is that, it is specifically intended to provide loans on obsolete, distraught, badly maintained or uninhabitable properties that may not be qualified in a conventional home loan for rehabilitation or renovation purposes.

How Does the FHA 203K Program Work?

The first thing you need is an expert 203K loan agent and lender to make a successful rehabilitation project. After you have set eyes on a particular property, the ones involved in the process would be Department of Housing and Urban Development, a 203k consultant, your real estate agent, your mortgage lender or lending institution, a contractor and appraiser....

Purchasing a Foreclosure

Purchasing a Foreclosure in Indianapolis, Indiana

Are you considering buying any of available Indianapolis foreclosures? You should be aware that purchasing a foreclosed property is different from buying a typically resold house. That is because the foreclosed homes are categorized as distressed properties. With too many options available, prospective buyers could find it a little confusing to decide which house to choose. If a buyer buys impulsively, he might actually end up buying a property that needs major renovations. Thus, it is imperative to always be more careful and discerning when considering buying Indianapolis foreclosures. On the upside, price tags of the foreclosed homes could logically be very attractive. If a buyer gets luckier, he could possibly find and buy a home at a cost that is much cheaper even compared to the actual valuation of the house. Another advantage is that foreclosed homes are mostly vacant before they are put up for sale. This means that any buyer could instantly and easily move in after the sale is finalized.

Where to buy foreclosures

For those who are unfamiliar to such transactions, it could be a challenge to know where to possibly find and purchase foreclosed properties in Indianapolis. The first stop should be the local property listings, where there usually are sections for foreclosures. Local government agencies also hold regular biddings for foreclosed or repossessed homes at much cheaper price tags. Of course, many lenders and...