Greenwood IN Realtors | Greenwood IN Real Estate | Greenwood IN Homes For Sale

Archive for the 'Real Estate Investing' Category

“If It Bleeds, It Leads” – Even In Greenwood, IN!

Posted by Shawna Ebersole | Categories: Best Buys, Real Estate Investing

Mar

23rd

Have ya ever noticed that it’s always the bad news that seems to get all the press?

Our favorite shows are only interrupted with “Breaking News” that would alarm or scare the viewers…”A gunman is loose”…”An apartment building is on fire”…”A child has been kidnapped”…

Yes, these are all important stories, but isn’t good news ever considered to be just as important?

My point is that right now, all of the media networks seem to be having a hey day reporting the bad, bad real estate market. “Foreclosures are on the rise”…”Families are losing their homes”…”Mortgage companies are going under”…

True, true and true.

But what about the buyers out there that are being able to move up to a new standard of living, simply because today’s home values, combined with outstanding interest rates are allowing them to do so?

What about the people that never before would have considered keeping their existing home as a rental property, but that are now increasing their net worth and allowing someone else to make one of their house payments for them?

These aren’t the stories that seem to be making the headlines.

And of course, how can we forget the current incentives for first time homebuyers? I wish someone would have given me an $8,000 credit when I bought my first home! Do the newscasters ever break in to tell us another first time home buyer just got $8 grand direct deposited into their checking account?

I don’t think so!

What worries me the most about this is all of the people that cling to the nightly news to try and stay current with the local real estate market.

The local media is NOT current with the local real estate market. They never are!

By the time the media is telling you the market is better, it will mean the market has been better for quite a while already. Then people will frantically run out and try to buy something because the media has made them feel “safe” to do so, but by then it will be too late.

The best deals will be gone because the savvy buyers were out grabbing them left and right while everyone else trembled on their couches…wondering if things would ever get better.

Remember what Warren Buffett said…”Be greedy when others are fearful and fearful when others are greedy!”

Like what you’re reading? You might also enjoy:

http://ishopgreenwood.com/2008/10/17/be-greedy-when-others-are-fearful-and-fearful-when-others-are-greedy/

http://ishopgreenwood.com/2008/12/11/can-you-touch-bottom/

Discussion: No Comments »

“Be Greedy When Others Are Fearful And Fearful When Others Are Greedy”

Posted by Shawna Ebersole | Categories: Buyers, Real Estate Investing

Oct

17th

Wow! What great advice! And it comes from none other than Mr. Warren Buffet! Yes, Mr. Buffet says that now is the time to buy your piece of the American pie.

Sure, there’s a crisis going on and many are not going to be able to get a mortgage right now. But for those of you that have been good with your money and have protected your credit, now is your time to take advantage of this crazy situation we’ve found ourselves in.

No matter what you’re looking at to buy right now, whether it be clothes, or a car or what have you, good deals are all around us. But when we bring it specifically to the world of real estate, the deals that can be had right now are on a much grander scale.

If you’re a “Move Up Buyer” and looking to get into “that” neighborhood….now is the time to do it! Go ahead, take a hit on the sale of your home, but take advantage of the hit that the seller of “that” home is having to take.

For example, if you’re taking a 10% hit on the sale of your home, how does that help you buy another one? Well, a $100,000 home minus 10% is now going to sell for $90,000. Ouch! That doesn’t feel good!

But look, a 10% hit on a $200,000 home means you can now buy your next home for $180,000. You lose $10,000 on the sale of your current home, but gain $20,000 on the purchase of your next home. At the end of the day, that still puts you ahead by $10,000!

Or…maybe you don’t have any desire to move right now. Fine. Stay in your current home, but take advantage of this mortgage crisis and buy bargain homes and hold on to them as rental properties. Because people are going to have a harder time getting approved for mortgages right now, it means that the rental market is going to be in even greater demand.

Bottom line – if you’ve been good with your money and have protected your credit along the way, now is the time to reward yourself…Go For It!

Discussion: No Comments »

Spotlight on Housing in 46142

Posted by Shawna Ebersole | Categories: Buyers, Community Info 46142, Real Estate Investing

Sep

13th

As of the time of this writing, included below is the most accurate housing information we have for the 46142 zip code.

General Info:

	46142	Indiana
Median Home Price	$99,000	N/A
In Current Residence 5+ Years	40.21%	38.63%
Annual Residential Turnover	18.97%	17.39%
Median Years in Residence	3.96	3.73
Median Dwelling Age	22	34

Housing Type

click to enlarge

From what we can see, it looks like most of our residents are staying in their homes close to 4 years before moving onto the next one and that our Median Home Price in the 46142 zip code is $99,000.

A little over 40% of our residents stay in their homes for more than 5 years; the average home is about 22 years old and every year, approximately 19% of the homes in our 46142 zip code get sold to new owners.

Nothing earth shattering, but kind of neat stuff to know!

Discussion: 2 Comments »

Down Payment Assistance…Going…Going…

Posted by Shawna Ebersole | Categories: Buyers, Financing, Real Estate Investing

Sep

7th

Wow, it is September 7th and I can’t believe that the end of Down Payment Assistance programs is right around the corner!

Yes, if you have been pre-approved for a loan program that allows the seller to pay your down payment for you, you absolutely have to close on the house BY THE END OF THIS MONTH – SEPTEMBER 30, 2008 or there’s a very good chance you’re not going to get the help you need! Read the rest of this entry »

Discussion: No Comments »

Buy Now, Flip Later

Posted by Shawna Ebersole | Categories: Real Estate Investing

Aug

18th

Yes, I realize it’s a “Buyer’s Market” right now, but that doesn’t mean it’s necessarily a good time to “Flip” real estate.”Oh, but they’re so cheap. I can buy it for this, put so much into it and sell it for that.” Wrong!