Indiana Real Estate News Blog

Fun and Festive Things to Do In Indianapolis this Holiday Season

Tis' the season to be jolly! A feast for your senses awaits Hoosiers and everyone visiting the Hoosier state this holiday season with all the fun and festive things happening in and around Indy. Below is our must-see guide that will surely get you into the holiday spirit! 

401 E Michigan St, Indianapolis, IN 46204
Thu, Dec 1, 2022 - Sun, Dec 4, 2022  
Thu, Dec 8, 2022 - Sun, Dec 11, 2022  
Thu, Dec 15, 2022 - Sun, Dec 18, 2022  

 Located in the heart of Mass Avenue's Arts District is the Christkindlmarkt, where you can be bright this holiday season and feast your senses with live entertainment, good food, and drinks.

...

The Ultimate Guide To Buying A Home [Part 1]

The task of purchasing a property can be extremely difficult, whether you've done it before or not. The temptation is to either settle for the first house that fits your budget or to keep renting. 

In this post, we’ll explore what you should think about before you buy, what to expect from the actual buying process, and some practical advice to make life easier once you move into your home to help you demystify the process and make the most of this purchase.

This will help you navigate the difficult process of getting started, setting a budget for a home, looking for one, inspecting it, understanding the fundamentals of buying, and obtaining a mortgage.

Factors To Consider Before You Buy

Your long-term goals are the first thing you need to decide. After then, think about how owning a home fits into those plans. Some people simply want to convert all those "wasted" rent payments into mortgage payments that result in equity. Others appreciate the thought of being their own landlord and view homeownership as a symbol of their independence....

Causes Of Property Values Coming Down

The worth of the property you're using as security is determined by a property appraisal, which is a crucial stage in the application process for a home loan.

Although it may seem far off in the current real estate market, vendors were worried about falling property values not so long ago. This could strain the economy, and a rapid shift in interest rates or other external factors could result in a decline in property valuations.

Like any free market, property prices are impacted by several macroeconomic variables and are subject to regular price increases and decreases. 

Why Valuation Matters?

The loan-to-value ratio, which is used by lenders to determine how much money they're willing to extend, is based on the valuation of the property (LVR).

Your LVR will also be impacted by the size of your deposit because lenders determine your LVR by dividing the amount you must borrow by the value of the property. Your LVR will be reduced if you have a larger deposit because you will need to borrow less money. Lenders may...

Indiana Housing Market Statistics: October 2022 Report

Curious about Indiana's current real estate market? Below are the Market Statistics comparing October 2022 transactions to the prior calendar month (September 2022) and the same time in the preceding year (October 2021).

Single Family Homes - October 2022 Market Statistics

Condos - October 2022 Market Statistics

For October 2022, closed sales for ...

How Getting A License For Real Estate Investments Can Benefit You

It's a common question among property investors whether getting a real estate license is worthwhile in terms of both time and money. 

Obtaining a license for real estate investment comes with several benefits. 

There are several benefits to investing the extra time and money to obtain a real estate license, including the ability to use your own license to identify good bargains, network with other licensed agents, and earn more money through commissions.

Of course, you may always work with a real estate agent exclusively to locate the ideal fit, but doing so will cost you money because you will have to pay the agent a commission each time you sell. 

Finding a real estate agent who focuses on investment properties is another thing you'll need to do.

How A License Could Be Beneficial For Real Estate Investing

Experts and studies...

What Do You Need To Apply For Mortgage

If purchasing a home is on your bucket list, there are six considerations to make that may improve your ability to obtain a mortgage.

What Do You Need To Apply For A Mortgage

Manage Your Credit Rating

In order to ensure that you can make your recurring home loan repayments, lenders will carefully examine your credit report. Therefore, if you're thinking about buying a house, it's crucial to make sure that you're paying all of your expenses on time and avoiding being late with any repayments.

Check Your Current Credit Score 

Contrary to popular belief, reviewing your credit report won't actually harm your score as a whole.

Actually, there are two different ways that your credit score can be checked. A "soft" inquiry, such as checking your personal credit record, won't lower your score. Giving a lender your consent to examine your credit report, however, is regarded as a "hard" inquiry and does have an impact on your credit score.

Here are some tips to improve or maintain a good credit score:

Track Your Spending

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How To Make Your Home Cozy

People yearn to have a place that offers warmth and safety, and it's evident even during earlier times.

For instance, the Stone Age people who lived in caves protected by warm fire and round wooden or stoned huts with thatched roofs that Bronze Age People lived in.

Even until now, the same principle is applied, whether it's a 10-bedroom luxury home or a 250 sq ft studio apartment. 

The need for an accommodation that offers safety and coziness is essential, and is part of being human.

So the question remains: how to make your home cozy? Here are some tips that might help!

How To Make Your Home Cozy On A Budget

Create A Mood

A cozy atmosphere requires candles as a fundamental component. 

They don't just emit lovely, delicate lighting, but they also make the room seem cozier and smell better.

Advice: Use festive aromas to get in the holiday spirit, or pick a summery scent to chase away the winter blues, such as coconut and flowery.

Bake! Bake! Bake!

The comfortable...

Real Estate Terms To Know

If you’re new to real estate, whether as a buyer or an agent, decoding the industry itself can be challenging.

It’s complex to learn the process of selling, buying, or investing alone, and so is learning all its jargon. However, it’s critical to know even just the basics before you dive into it to avoid further confusion.

In this post, we’ve listed some of the commonly used real estate terms to know.

Real Estate Terms To Know

Adjustable-Rate Mortgage (ARM)

In layman’s terms, it is a mortgage with a variable interest rate. During the initial period, the interest charged to the loan is fixed, but after that, the rate will adjust at monthly or yearly intervals.

Appraisal

To determine the approximate worth of the real estate, an appraisal is necessary. The mortgage lender sends a property appraiser to assess the asset's worth. This helps the lender determine if the amount that the borrower is asking...

Great News For Home Buyers!

If you are a serious home buyer looking to buy a home in today's market, we have 3 good news for you.

1. More Options

With buyer demand skyrocketing while the housing supply really low, the past couple of years have been very challenging for home buyers. But that's no longer the case this time around. An increase of 39.5% in housing inventory can be seen for the week ending October 28 compared to the same week in 2021, according to a study conducted by Calculated Risk.  This means home buyers have more options in choosing the best home that suits their needs.

2. Less Competition

Compared to the last two years' low supply and intense competition fueling record-high prices, the market is finally on track to become more balanced. ...

Is Owning A Home Worth It

A significant financial accomplishment and source of pride is owning a home. One important factor is that owning a property increases your equity, which significantly raises your net worth. The connection between owning a property and increasing your wealth is particularly crucial at this time of high inflation.

Here are some reasons why starting your path to homeownership now would be a good idea if you're wanting to improve your financial security.

Is Owning A Home Worth It?

According to a National Association of Realtors (NAR) survey, there is a sizable wealth gap between homeowners and renters, which is just one of several trends related to homeownership. It says: “the net worth of a typical homeowner is about 40 times the net worth of a renter.”

This difference indicates that acquiring a home is an essential step on the road to financial success.

Homeowner's Net Worth Can Be Significantly Increased By Equity Gains

The fact that homeowners accumulate equity contributes significantly to the wealth gap between owners and renters. When you own a home, your equity increases as the value of...

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