Why do we “Spring Forward”?

It’s that time again…time to “spring forward”!  I grew up in Madison, Indiana in the days when the majority of Indiana didn’t change time!  Remember, this is during the dark days when living in the country meant whatever television channels you could pick up on the antenna, in our house, it was NBC and CBS, (that’s right, I never saw Happy Days or Laverne and Shirley until I went to college!) both out of Louisville and when time changed, prime time programming started at 7:00 p.m.!  And scheduling doctor appointments in Louisville was challenging because you had to schedule on “fast time” when you lived on “slow time”, heck, there is a bridge in Madison so socializing and working between the states is common…wedding invitations even used the terms, imagine, getting a wedding invitation that said 5:30 p.m. (slow time)!

So why do we do this?  Daylight saving time starts on the second Sunday in March and ends on the second Sunday in November throughout most of the United States and Canada. This is supposed to provide more daylight hours in the evening during the summer months.

There are a lot of stories about who proposed the time change and why, first up…In 1895, a postal clerk and entomology hobbyist in New Zealand named George Vernon Hudson was the first to propose a daylight saving time schedule so he could have more time after his shift to catch insects. Then a Londoner named William Willet proposed a daylight saving time schedule in 1905 so that he would have more time to play golf during the summer. While both of the proposals gained attention, neither led to the adoption of a daylight saving time practice.

According to history, the first time daylight saving time was put into practice was in 1916 by Germany and their allies during World War I as a means to save coal for the war effort. The rest of Europe quickly followed with  Russia being the last to implement in 1917, after the abdication of Czar Nicholas II.  The United States adopted daylight savings in 1918 after becoming heavily involved in the war effort.

In the United States, following the war, the practice of daylight saving time was left up to state and local governments (boy was that a mistake!) and quickly led to chaos as neighboring communities often had different daylight saving time start and end dates, while other communities decided not to observe daylight saving time at all. The mass confusion led to the Uniform Time Act of 1966. The act standardized the daylight saving time practice, but allowed for state’s and local governments to petition for exemption.

You know why I like it right?  As a Realtor, showing Buyer’s homes in the daylight allows us to see the curb appeal, the neighborhood of the homes for sale…My Seller’s like it for that reason too!  Seller’s work hard to make their home attractive inside and out, it’s better if Buyer’s can see it!  The market is moving quickly, I’m hearing stories every day from agents in our office that homes are selling within days of going on the market! Call, email or text me if you are ready to make a move!

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Vicki Reed

Multiple Offers on the Home of your Dreams?

Oh No!  You’ve found the home of your dreams and so did someone else!  We are starting to see multiple offers on homes in the Indianapolis area…why you ask?  Inventory is low and homeowners are listening to their Realtor about the true Fair Market Value of their home and pricing it to sell!  What can you do to be ready to win the bidding war?   Here are a few boot camp tips to prepare you to win:

Pre-Qualify with a Lender who will be available when you need them

To compete, Buyers need to be prepared financially for the home purchase. Offering the most money might seem like the best way to win, however, Sellers don’t always choose the highest offer. Instead, they often prefer offers that are most likely to go through and that meet their conditions. You need a Lender who doesn’t work Monday through Friday and turn off the telephone and email at the end of the business day.

The Shanley Team at Inlanta Mortgage is just such a lender, take a look at my post “The Power in the Pre-Qual” to get a real understanding of their level of Customer Service AND they work when I do, which means they are available when YOU need them!  Having that pre-qualification is almost as good as cash in multiple offer situations.

Offer Higher Earnest Money 

Earnest Money in Indiana is typically .75% to 1% of list price, so if you are offering on a $200,000 home, $1,500 or $2,000 would be normal…but if you offered a $5,000 check (remember, it will be cashed!) AND you were pre-qualified this can sometimes impress the Sellers.  Just make sure you are able to fully meet all deadlines and terms of the contract so you don’t lose your deposit.

Be Flexible!

If the Sellers are building a home or waiting for the school year to end before moving and thought it would take longer to sell their home, consider offering to allow them to stay – a post closing rent back can put you ahead of the pack if you can be flexible!  I represented a Seller who was building a home and because the  Buyer was flexible with possession date (Sellers were able to close and continue to live in their home for 3 additional weeks) the Sellers agreed to a purchase price $5,000 less than they wanted because they didn’t have to move twice and find short term housing!

Listen to your Realtor!

As your Agent, I am working for you to make certain you don’t get caught up in the excitement of a bidding war and overpay for a home…let me do the best job possible for you!  Think you are ready to head out and start looking?  Let’s talk!

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Vicki Reed