| I hope this finds you well as we get into the summer months. Spring flew by and I’m excited that I was able to help 1st time homebuyers get accepted offers on their first home! The conventional down payment assistant programs available are a blessing to those that desire lower down payment costs so if you know anyone who is tired of renting and ready to get their foot in the door, I’d be honored to help. I wish I could say I knew what rates are going to do this summer. Last week I attended a lending presentation and my lender partners can’t predict rates from one day to the next. I’m told not only do they change daily, they often change a few times throughout the day. Frustrating, I know. What I can do is help a buyer understand his/her buying power with current rates averaging 6-7%. The total monthly mortgage payment (taxes & insurance included) is often times less of a monthly payment then renting and the buyer starts to build equity in something he/she OWNS. What’s wonderful about this summer’s buyers market v. last summer is LAST summer, my buyers were having to offer OVER appraised value because there were 15 offers on one house. Although multiple offers can still exist, it’s nothing like we experienced last summer and every buyer I worked with, who was ready to write an offer, has secured a home! Sellers should know it’s still a seller’s market in many markets and you could receive multiple offers. You should also know that homes are continuing to appreciate so if I did a market analysis for you last year or any time in the last 6 months, it would be beneficial for me to do an update this summer. What I’m seeing in homes desired are updated single level homes and main floor masters in two level homes. The above mentioned receive a lot of showings, traffic, and offers if priced correctly, BUT all homes if priced correctly are much desired as we’re still in a shortage overall. As always, I’m so grateful for your referrals. I know you many not be in the market to buy, sell or build but I appreciate so much when you refer me to someone you know who is – and I thank you for reading my monthly email. 🙂 Have an awesome, safe 1st month of summer! Shawna |
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Indianapolis Area Homes for Sale 