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Residential Real Estate For Buyers and Sellers

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Category Archives: Buying and Selling

This and That

www.LordRealEstateGroup.com Posted on February 14, 2022 by adminFebruary 14, 2022


Interest rates are on the rise. A local trusted lender that I refer business to just went from 3.875% to 4.25% on a 30 year fixed mortgage loan. The industry was not expecting 4 percent or over until the end of the year.

The median price of a home in Indianapolis has dropped about $9000 from December 2021 to January 2022. Very typical in the winter months. Not as many buyers looking and not as many bidding wars where bidders will hike the prices. Sales dropped about 33 percent in January from the 2 previous months.

Average Days on the market have risen from 19 in October 2021 to 29 in January 2022. It will vary around the Indianapolis market. Where I live, it is around 10 days.

Want to win in this very competitive market? Here are 12 Tips to Win a Bid

Tim Lord

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Home Price Appreciation

www.LordRealEstateGroup.com Posted on October 29, 2021 by adminOctober 29, 2021

Curious how much your home has appreciated over the last year?! ⬆🏡 Buyer demand is at an all-time high due to a combination of record-low interest rates and limited housing inventory. Here’s what that means for sellers… 💥 You have … Continue reading →

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12 Tips To Win a Bid In This Competitive Market

www.LordRealEstateGroup.com Posted on October 29, 2021 by adminOctober 29, 2021

According to Lawrence Yun, Chief Economist at the National Association of Realtors, “For every listing there are 5.1 offers. Half of the homes are being sold above list price.” It takes some real thought and desires to win in a … Continue reading →

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9 Tips for Buying and Selling Your Home At The Same Time

www.LordRealEstateGroup.com Posted on October 18, 2021 by adminOctober 18, 2021

A hot real estate market like the one we’re in now gives you the chance to cash in on some serious equity from your home sale. It can also make buying your next home a bit of a juggling act. … Continue reading →

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The Appraisal Gap

www.LordRealEstateGroup.com Posted on October 17, 2021 by adminOctober 17, 2021

It happens from time to time. The home appraisal comes in LOW 📉😱   With how quickly this market is appreciating, comparable sales can be lagging, which causes what we call an “appraisal gap.”   What can you do in … Continue reading →

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Domino Theory

www.LordRealEstateGroup.com Posted on July 7, 2021 by adminJuly 7, 2021

In the real estate business, we occasionally run across a situation where a seller needs to sell their house and get the profits from it before they can buy a new house. In a perfect world, a Realtor can set … Continue reading →

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Short Sale Story

www.LordRealEstateGroup.com Posted on July 7, 2021 by adminJuly 7, 2021

Recently I had a listing that was a short sale. A short sale is where the market value of the house is lower than what is owed to the lender on the mortgage. The owner contacts the lender and asks … Continue reading →

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Things That Will Make Your House More Attractive to Buyers

www.LordRealEstateGroup.com Posted on July 7, 2021 by adminJuly 7, 2021

1. Curb appeal – This is the first impression. A well-manicured yard with no overgrown bushes or trees makes it look like the seller really cares for their property. Make sure the gutters are not clogged and overflowing with leaves. … Continue reading →

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Recent Sales

31 offers, one $40,000 over list price. 80 percent of the offers were cash and 78 percent were over list price. Sold in one day.
9 offers, one $23,500 over list price, 47 showing requests, sold in one day
Sold in 8 days, 23 showings and 5 offers
Sold in 10 days for $5,000 over list price
Sold in 13 days
93 showing requests, 15 offers, one offer was $37,500 over list price, sold in 3 days
4 condos in one sale

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