Want to move to Irvington?

I have a client very interested in moving to Irvington – this area is ever evolving and very walkable which is on a lot of people’s wish lists these days!  Housing is reasonably priced, including some really good deals on 1700 square feet townhomes in a Coop neighborhood – I know, you say a “coop” my thoughts automatically goes to New York and those expensive apartments on Central Park!  If you google “co-ops in Indiana“, you get grain and bean coop or food coop.  This will be a learning experience that I will happy share with you as we move through the process…but now back to Irvington.

Irvington was originally a suburban town in 1870 but was annexed into the City of Indianapolis in the early 1900’s.  The original plat of Irvington includes a winding picturesque street plan, very different from Indianapolis’ grid layout.  Irvington today has more lineal blocks of brick streets than any neighborhood in the city, and its naturalistic plan is considered Indianapolis’ largest and most developed example of Victorian Romantic landscape design.

In 1873, the area was selected as the new location for Northwestern Christian University, later renamed Butler University.  From 1875-1928, Butler developed a campus in Irvington, which subsequently promoted a college town atmosphere throughout the community. Although most of the campus buildings are gone, except the Bona Thompson Memorial Library, the intellectual spirit is still reflected in Irvington’s many association and groups.

Want to move to Irvington?  Click here to check out available homes everything from $8,000 to $260,000, sign up on my website and let’s get started!

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Vicki Reed

Who are your Role Models?

March is Women’s History Month and today is International Women’s Day, when we take time to appreciate women’s contributions to society. I strive to lead by and set an example for my five beautiful nieces, to make certain they know they can do anything they choose…the road might not always be easy, but the rewards are worth it!

I grew up on a farm in Madison, Indiana, but I always knew I wanted…more, but I could never define “more”.  My beautiful, strong mother set a great example for me.  I was fortunate to have grown up knowing two other amazing women, my Grandmothers.  Between Mom, Granny (Mom’s Mom) and Mamma (Dad’s Mom), I learned so much about life, love, cooking, and well, just living.  I didn’t choose the path that was expected, I could have married, had babies and stayed on the Farm, but they instilled a certainty in me that I could do anything I chose…who knew that it would be a Realtor, changing careers in my late 40’s is something I never expected, but am thrilled that I did and while my Grandmother’s have gone (Granny 28 years ago and Mamma only recently) I’m so fortunate to have my Mom, never wavering in her faith that I will succeed.

Fast forward to today…the strength of the friends I surround myself with (both women and men) astounds me. From those I’m closest to in The Group, My Clients, my fellow Keller Williams agents and the people I have met during my journey…I am so blessed  to have them all in my life.

Who inspires you?  Do you live your life as an inspiration to others?  Click here to see a great MSN slide show on the women who inspire them…who would be on your list?

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Vicki Reed

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

“Hoosiers” on the big, big, big screen!

A great way to celebrate March Madness in Indiana and support a great organization…

A Benefit for Heartland Truly Moving Pictures 

Join Heartland as we celebrate the Indiana Basketball Hall of Fame’s induction of screenwriter/producer Angelo Pizzo and director David Anspaugh, the creative team behind the Truly Moving Picture Award-winning film “Hoosiers,” at a special screening event on Sunday, March 17.

For those few out there not familiar with the film, “Hoosiers” is a (1986) sports film about a small-town Indiana high school basketball team that wins the state championship and is loosely based on the Milan High School team that won the 1954 state championship.  Growing up in Southern Indiana, the Milan story is legend, for those in Indianapolis, if you haven’t, check out Plump’s Last Shot for more history.

Join me and hundreds of others as we support the Heartland Film Festival and enjoy a great film, make it another great way to celebrate basketball in the great state of Indiana!

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Vicki Reed

5 Things NOT to do during the Closing Process!

You’ve gotten your pre-qualification, found a home and now your Lender is working on finalizing your loan…it is important that you NOT do the following 5 things…

# 1 – Change your Marital Status:

How you hold title is affected by your marital status. Be sure to make both your Realtor, Lender and Title Company aware of any changes in your marital status so that the documents can be prepared correctly.

# 2 – Change Jobs:

A job change may result in your loan being denied, particularly if you are taking a lower-paying position or moving into a different field. Don’t think you’re safe because you’ve received approval earlier in the process as your Lender may call your employer to re-verify your employment just prior to funding the loan.

# 3 – Switch Banks or move your money to another institution:

After the Lender has verified your funds at one or more institutions, the money should remain there until needed for the purchase.

# 4 – Pay off existing accounts unless your lender requests it:

If your Loan Officer advises you to pay off certain bills in order to qualify for the loan, follow that advice. Otherwise, leave your accounts as they are until your escrow closes.

# 5 – Make any large purchases:

A major purchase that requires a withdrawal from your verified funds or increases your debt can result in your not qualifing for the loan. A lender may check your credit or re-verify funds at the last minute, so avoid purchases that could impact your loan approval.

As your Realtor, I will remind you of these things, your Lender should remind you as well.  I’m excited about Turning your Dreams into an Address!

Closing-On-A-Home-300x229image credit to Tim Pierce, http://www.flickr.com/photos/qwrrty/3446221502/

 

Vicki Reed

For all my friends who are forever talking about Downton Abbey…

Did you know that it is a castle in Real Life?  Click here to check out this great slide show on HGTV.com and get to know the real inhabitants of this beautiful Castle…true modern-day aristocrats: George Herbert, the 8th Earl of Carnarvon, and his wife, Lady Fiona, Countess of Carnarvon.  According to HGTV.com, Lady Fiona is a historian and has written a biography of her predecessor Lady Almina, an English heiress and a former Countess of Carnarvon. Almina, whose wealth and status helped to preserve the family estate through troubled times, serves in part as the basis for Downton Abbey‘s Lady Cora.  In addition to the slide show, there are 5 video on the Castle – click here to watch more!

Now let’s talk about your Castle…what are your home ownership dreams?  What does your Castle look like?  Let me help you find your Castle…click here to search the listings on my website and let’s talk!  Have a home to sell?  I can help with that too, click here to see the current value of your home!  Not sure you are financially ready?  The Shanley Team at Inlanta Mortgage is more than happy to review this with you….just click here and complete the application.  There is no obligation and you’ll know exactly where you stand.

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Vicki Reed

Dinner and a play…for $24!

Last weekend I had the pleasure of attending the annual University of Indianapolis Dinner Theater production of “I Hate Hamlet” and you still have the chance to go!

At a cost of only $24 per person (over 60, additional discounts available!), February 22-23, 2013, Dinner at 6:45 p.m., Performance at 8:00 p.m. in the Schwitzer Student Center Dining Hall.  Good Food and Great Entertainment:

I Hate Hamlet

A young and successful television actor relocates to New York, where he rents a marvelous, gothic apartment. With his television career in limbo, the actor is offered the opportunity to play Hamlet onstage, but there is one problem: he hates Hamlet.

We have been attending these dinner and performances for years and have always enjoyed them, reality is that this is less expensive than dinner and a movie!  It is a student production, from the direction to sets, dinner and servers…take a chance and enjoy a great evening!

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Vicki Reed

Is your Realtor serving you?

As I work with Buyers, I’m often baffled by the lack of information on listings…you know, the Multiple Listing Service or as it is know in Indy, the Broker’s Listing Cooperative (BLC) or just MIBOR (Metropolitan Indianapolis Board of Realtors).  Information from this source is what feeds the internet…Trullia, Zillow, Realtor.com and a host of others…95% of Buyers find their next home ONLINE!  Are you certain your agent is getting your home online in the best possible way?

In addition to active properties, I am often trolling the expired listings in specific neighborhoods that my clients are interested in…who knows, it may be the perfect home for my Buyers and the Homeowners may still be interested in Selling!  I recently found an expired listing in the mid $200,000 price range, over 2,500 square feet and the agent had only 8 pictures of the living area, nothing upstairs, backyard and no virtual tour…and you wonder why this property never sold?

When considering who to hire when Selling your home, ask a lot of questions, not just about what they do to sell homes in general, but specifics!  How many pictures do you use?  Do you use a virtual tour?  Do you work with a lender partner?  Besides putting a sign in my yard, what will you do to sell my home?  ASK THE QUESTIONS!  Remember, YOU are hiring ME to represent you in the best possible way in the sale of your biggest asset!

The BLC allows for 24 photos AND a virtual tour…how many photos has your agent put on your listing?  The quality of those photos?  It is not necessary for your agent to hire a professional photographer, we’ve been in the business a while and understand the best way to take photographs and are generally quite good at it.  There are only 500 characters available for describing you property, but we want to make everyone count!

What about information packets in the home?  I always create a packet of information with the sales disclosures, a list of upgrades and features of the home, school, church and shopping information.  This same information is uploaded to the listing.  I also add a stand-up display for the home flyer along with bottled water and snacks for prospective buyers.

I want to Sell your home, I will work to serve you.  I am part of the Number 1 Real Estate Company in the Nation, you not only have me working for you, but every Keller Williams agent in the country.  Click here for videos about my service…then call me!

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Vicki Reed