Have you downloaded our mobile search app yet? You can search any number of features and most find the map location search extremely helpful. Watch this short video for more information. Download the app by the end of March and enter to win $50,000!
Tuesday is partner’s meeting time in our office. We talk about inventory and market stats, listing/buyer needs & wants and share helpful tips & tricks for managing your business. Definitely a good use of our time, although it always surprises me how few agents show up to these, there’s always valuable insights shared.
Today was no exception, we discussed the shortage of inventory we’re experiencing in our market currently (click here to watch “Definition of Inventory”). We’re at just 5 months of inventory and not keeping pace with buyer demands. In fact, its been reported that by the year 2018 we will have the shortest amount of housing inventory since World War II!
There are a number of factors that influence inventory levels, the most obvious is the lack of new construction that went on from 2008 – 2011. Builders are slowly ramping back up again but have a lot of lost years to make up for. We’re also finding that many homeowners aren’t aware how much the market has picked up in the last two years. People who were unable to sell their homes in the downswing may not realize home values have appreciated significantly and they may be able to afford a move where they couldn’t before.
We at the KW Metro Indy Pros team have first hand knowledge about this shortage. Just ask any buyer we are working with right now. Houses come on the market and sell fast, and finding one that fits your criteria gets harder and harder. If you know anyone who is ready to sell a home in Greenwood and surrounding areas in Indiana, here’s a few clients we are searching for now. Who do you know that is thinking of selling that fits their criteria? We’d love to talk to them!
- Jeff and Dena are looking for a home in Center Grove with at least an acre of land and room for an outbuilding under $500,000
- Sue’s clients want at least a half acre, location on the southside between Greenwood, Franklin & Bargersville with a pool under $400,000
- Mark is looking for a 3+ acre lot in Pleasant, Clark or Franklin Township (Marion County) on which to build his new home
- Barbara’s client is looking for a downsize home, maybe paired patio home or condo in the Greenwood, Perry area
These are just a few, we have many other buyers who are desperately searching for their next dream home. We proactively call and prospect for our buyers & sellers. Just last week I sent flyers around to every house in Woodland Streams looking for a seller. I’m sure we’ll be door knocking in your neighborhood next!
Yesterday I wrote about the shortage of inventory we’re facing in today’s market (click here to read). Today I want to share resources our team offers when you’re considering a sale. Whether you want to sell a house in Greenwood, Indiana or anywhere in the central Indiana region, these are great first starts, and any member of our KW Metro Indy Pros team will be happy to discuss your individual situation!
Market Leader: The data on this page is consolidated from multiple sources and includes price & inventory trends, local community & school information as well as all listings & statistics searchable by zip code. You can also compare zip code to zip code. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.
This Month in Real Estate: This Month in Real Estate is a monthly video news series that offers an inside look at the national real estate market. Each edition provides a snapshot of the numbers and trends that drive the real estate market, as well as expert opinion and analysis.
Eight Steps to Selling Your Home: The selling process broken down into 8 simple steps.
Staging Your Home: Check out this quick video for 6 tips for staging success.
Search for Homes: Click here and search for homes that are similar to yours so you can check out the competition in your neighborhood.
The BEST resource we offer is our monthly seminar series. The monthly series takes place the last Tuesday of each month at Monical’s Pizza in Greenwood (corner of St Rd 135 & Smith Valley Rd). This month’s topic is “Preparing your Home to Sell FAST!” Join us at 7 pm for light refreshments and a brief presentation. Bring photos of your home and we can give you on the spot advice for staging and prepping ideas to get your home sold right away!
If you’re thinking of selling, contact us today for a free market evaluation. What have you got to lose? We’d love to show you how our team sells homes with minimal inconvenience to you while maximizing your profit!
We’re having new windows installed in our home today, and I’m super psyched to see the difference in our energy bills. Our windows were original from when it was built in 1985, so definitely past their prime. You would think being married to a heating and cooling contractor that we would have the most efficient EVERYTHING in our home, but just as the cobbler’s son often goes without shoes, we wait to do our things last after everyone else gets done and then we’re worn out and broke!
All kidding aside, this is definitely going to be a big improvement that justifies the cost for our family. We are planning on staying in our perfect little home in Windsong for a long time and the energy savings will help offset the cost for years to come. Would I suggest someone replace windows before they put their house on the market? That depends.
Windows are ridiculously expensive and a huge expense that can be difficult to outlay for the average family in Johnson County, IN. According to this article on HomeInsight.com: “With energy prices on the rise, installing replacement windows is an improvement many homeowners are considering. However, double-hung windows can cost anywhere between $200 to $300 and, unless you’re a DIY wizard, you will have to pay someone to install them. With energy savings and an estimated resale value that hovers around 85 percent, according to Remodeling magazine, standard replacement windows make sense in some cases. If your windows are in poor shape, with cracked and/or loose panes, sashes that are difficult or impossible to operate, and glass that just won’t come clean no matter how much you scrub, then replacing windows can provide you with a good return on your investment. However, if your windows are in good shape, your return will be much lower. ”
Bottom line, if your windows look good or you can put some elbow grease into them to make them look better – you’re better off to keep your cash or put it towards another area in the home to maximize your return. If you need new windows, we keep a list of contractors we have worked with and recommend which we will be updating and publishing here: Central Indiana Home Services Providers. When we do the listing walk through we go over windows and regular maintenance items, as well as staging suggestions so the homeowner can focus on top priorities to get the house sold fast for as much as possible!
This blog has a great example of how inexpensive updates can make a huge impact on buyer perception of value. Definitely worth the time to make these small changes BEFORE you list your home with Metro Indy Pros. First impressions are key to larger offers!
I’m excited to talk about why I left Corporate America to join the real estate business here in Greenwood, IN. Most people are shocked to learn I willingly left a position as Senior Vice President with a huge global bank to start over in a new career. To many, I had the dream job – I was successful in climbing the corporate ladder, got to work from home and travel to offices across the country, managed a team of people who respected me – I pretty much had it all right? Of course there were things to complain about, especially in a huge company with ever increasing regulations and constant downsizing and demanding more with less. But I finally realized what was missing that made me change course.
One word. COMMUNITY
I LOVE where we live – we have beautiful neighborhoods, best in class schools, a small town feel with big town amenities now. I grew up in the Center Grove area. In fact, our family farm was where the Kensington neighborhood is located now. I graduated from Center Grove and in the ignorance of youth decided I needed to try city life, so I moved to Boston and a couple of years later settled in Nashville, TN. I started a family, I started my career and I got older and wiser. I realized how much I wanted my children to grow up in the same manner I was raised – to have grandparents right down the street, teachers at Center Grove that I had myself, to learn our Midwestern Indiana values and work ethic. I chose to raise my children in Indiana and moved home and things worked great.
I brought my job with me, worked from home and was excited I could be right there when my kids needed me. This was a great transition for me, I am so very thankful I had the opportunity for so may reasons. I liked my job and did very well, but the challenges of working from home are many, and one of those is just missing the human contact throughout the day. I was on the phone the entire day long but didn’t have any face to face time. Being active in the Center Grove and Greenwood communities was challenging considering I couldn’t leave my desk all day!
I finally decided to join a program called Leadership Johnson County to get myself out and about, to meet people in the community and to learn more about this place I’ve lived for so long. Little did I know the true benefit of the program was discovering how unhappy I was in my current career! I love to help people, I want to give back to and support my local community, I want to discover new places and share them – these things didn’t apply to my corporate job. In fact, Indiana was on our list of places not to do business so there was no chance of anything local. Why was I giving so much to a company that did nothing for Greenwood, Johnson County, Indiana???
I had the epiphany when I was driving my mother to the airport last fall. She was telling me how she needed help, was talking to someone about putting together a real estate team and was exploring options. It was like a lightbulb flashed over my head and I knew what I was supposed to do. I started the required real estate class the following week and quit my job 4 months later (more to come soon about real estate school and skill level of the “average” REALTOR – trust me, you want someone who has well rounded experience and not just a few weeks of ‘school’!).
I have not looked back once and LOVE what I do now. Life is too short and I am now giving my time and energy to my hometown, my family roots, my children’s legacy. THIS is why I chose to be a REALTOR in Greenwood, Indiana!