The Appraisal Nightmare

I recently listed a home for $424,900 and within six days, there were two offers on the home. I told the buyer agents that I had two similar offers and that my clients would be accepting the best offer. Within 24 hours, the offers arrived and my client accepted an offer of $416,000. Three weeks later, the appraisal came in…

Macro-level Home Price Statistics Provide False Hope

I have to shake my head when I read the home price statistics each month. Personally, I think macro home pricing statistics are meaningless. Whether or not the price goes up or down in a market area is basically useless information. Allow me to explain… Home pricing is about microeconomics, not macroeconomics. In other words, it is most useful to…

Spring Home Sale Planning Begins in the Fall

If you are planning on listing your home for sale next spring, the beginning of fall is the best time to ensure you have good curb appeal for the prime spring selling season. I want my Brownsburg, Zionsville, Carmel and the rest of my Indianapolis-area clients to know that curb appeal is still critical to get people into your home…

Do Home Equity Loan Appraisals Equal a Home’s True Value?

Whenever I have a listing appointment with a potential client, I will go through great detail of recent home sales comparable to the one for which I’m trying to set a value. After this detailed analysis, it is not uncommon for the client to be surprised at the sales price I have derived, and it’s not a happy surprise. Shocked,…

What Happens When Major Problems are Discovered During a Home Inspection?

A home inspection can lead to a discovery of major problems such as the presence of mold, a bad roof, inadequate electrical or plumbing systems, or a host of other major defects. A major defect is a problem that must be repaired for the safety of the home and its inhabitants. When major problems are discovered during a home inspection,…

Allowances vs. Repairs or Replacement

I recently listed a home for a client who asked me this question, “We can’t decide which we should do – replace the carpet or give an allowance to the buyer.” The answer is easy – replace the carpet. Why? Here are two reasons. The first reason to replace the carpet is it will help sell your home. Imagine a…

Criteria for Refinancing Your Home Loan

“Should I refinance my loan?” I get this question over and over from my real estate clients all over the Indianapolis metro area including the outlining communities of Brownsburg, Carmel and Zionsville. The answer is pretty easy and it depends on three things: Is the current interest rate at least one point lower than your existing rate? How long do…

Is Your Home’s Curb Appeal Doing its Job?

Curb appeal – you hear about it all the time. The truth is it’s extremely important in selling your home. Many things contribute to curb appeal, including the little things, like the condition of the mailbox. Spring is the perfect time to give your home a curb appeal makeover and it’s pretty easy too. Here are three easy tips to…

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