Devour Downtown Indy starts TODAY!

It’s that time again…Devour Downtown!  Have restaurants you want to try but it seems a bit out of budget?  Now is the time to get out and try them!  Let’s face it, the weather this week with the warmer temps and no snow is the perfect time.

Visit the Devour Downtown website for a list of the restaurants AND the chance to win a gift card – you can enter DAILY.

Want to make is a night?  The Conrad is offering rooms for $149 a night (restrictions apply) and several of the local attractions, including the Indianapolis Symphony are offering special deals.  Jump online and check them out!

This is a great opportunity to discover more of Indy’s great downtown…maybe I’ll see you there!

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Vicki Reed

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What do you know about Indy’s Great Urban Communities?

Ever thought about living INSIDE 465?  A lot of us do it…Indianapolis has some great suburbs but many want more walkability to restaurants and shops, a lifestyle that doesn’t include getting in the car all the time.

Indy has so many great areas that make up Indianapolis and over the next few weeks I will be profiling many of them.  Irvington, Fountain Square, Broad Ripple, Chatham Arch, Mass Ave, Holy Cross, the Old Northside, the Old Southside, Bates Hendricks, Garfield Park, Beech Grove, Speedway, Fletcher Place…I’m certain I’ve missed some!

What’s important about urban living to you?  Walkability?  Safety?  Restaurants?  Shopping?  Quality of Life?  Type of home?  Schools?  I want to explore them all and share my thoughts!

First up will be Irvington, it holds a special place in my heart since I call it home!  What areas do you want to know more about?  Let me know!

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Vicki Reed

What does the 2016 Indianapolis Real Estate Market look like?

What is the outlook for our local 2016 real estate market?  As an agent, I don’t have a crystal ball, but I do have numbers and studies of market experts providing indicators to make our best guess of the direction of the local real estate market for this year.

Last year was more of a Seller’s Market — meaning the demand for homes was usually higher than the inventory of homes for sale. We move into 2016 with the same low inventory and this results in multiple offers on lots of the homes in some areas and the final sales prices being closer to or above asking price.

It was not and is not an all out Seller’s Market, Seller’s cannot name their price, remember, a home’s value is determined by what someone will pay for it – listing a $200,000 home for $300,000 will not get you $300,000, even with low inventory.  With the tightening of federal regulations, lenders being pickier and appraisers being closely scrutinized, the likelihood of a repeat of past history is not there.

The Federal Reserve has not raised the cost of borrowing in nine years. The economy is picking up and experts predict they are likely to begin gradually raising the interest rates. Most agree that sometime in the first quarter of 2016, we will see the increase start.  Rates are still at historic lows at the moment so buying now is a smart move if you are on the fence…and you should call me to do it!

Still renting?  It is actually cheaper to buy than rent in most areas of the country including ours. Rental rates are increasing at a fast rate. Concerned about your credit score?  Have limited funds?  or just afraid to find out? You’ll never know until you try, I have several lender partners that I am happy to have you talk to…remember, all discovered is confidential and they will not share your financial information, but are always happy to help you create a plan to work through the issues and get you ready to buy a home!  . Wouldn’t you love to stop throwing money away on rent?

After 10 to 15 years of a wild ride in the real estate market, analysts are predicting that “normal” is returning slowly but surely. Distressed  (bank owned, shortsales, forclosure) property sales are finally dropping instead of being a huge part of the housing market. New construction is on the rise again and home prices are rising at at a more normal rate.

2016 should be another busy year in the Indianapolis market. If you have been thinking of buying or selling, now is the time to do it. Take advantage of the lower interest rates if you are a buyer. Sellers jump in the market while inventory is still low.  Just let me know what I can do to help!

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Vicki Reed

What inspires you EVERYDAY?

Reading the news online (I refuse to watch it and allow it to take up a lot of my time, but I like to know what’s happening around me), our schools are being threatened, our stores are being robbed, homes are being invaded and people are being murdered…not only in the Indy area, but around the country and around the world.  How do you get up everyday and continue living your life in a POSITIVE fashion against such negativity?

For me?  Well, limiting my news intake helps!  As I mentioned in a post last week, I have big goals this year and at the end of the year took a class that helped me bring clarity to my goals and my life and Clarity is Power!

Today as I sit in my attic office, staying out of the cold and snow, I am pondering how to get the best out of this year, the first BOLD Law that jumped out at me this morning is Come from Contribution – what do you contribute to others?  Not necessarily monitarily, but of your time, your experiences…

In 2015, I had the pleasure of being introduced to Michael J. Maher, author of The 7 Levels of Communication, and through him, introduced to the Generosity Generation (Gen-Gen for short).  Between the book, written about a real estate agent and mortgage lender, the concepts can be used in many sales driven fields.  It takes us back to getting off the computer and back out into meeting people face to face and the joy of writing (yes writing…not typing) hand written notes!  It really is nice to get the mail and get something that isn’t bills or junk mail.  I encourage you to pick up the book (click here to link straight to the page on Amazon!) and think about how you live your life and run your business.

Here is to a successful 2016!

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Vicki L. Reed

Oh what a night…

March Madness…I know, it’s only January, but last night, in addition to seeing a tough fought game between Indiana University (IU) and Wisconsin, I had the honor of watching the celebration of the 1976 UNDEFEATED, NCAA Men’s Championship Team and the unveiling of a new banner at Assemby Hall!

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I know everyone in the audience was hoping to see the legendary Bob Knight walk onto the court, but if you know anything of his reputation…you know he wasn’t going to show…but you could feel his presence.

Knight was there when all those players from that magical team sat in a row and talked about the team, the season, each other — and couldn’t stop talking about the man who brought them together and unleashed them on the unsuspecting world of college basketball.

Assembled were all manner of members of Knight’s 1976 program. Trainers, assistant coaches, student managers. A woman who sang the national anthem. More than 40 people were invited from 1976, and all but a handful came. Nine of the 12 players still alive returned — Buckner, May, Benson, Wilkerson, Tom Abernethy, Jim Crews, Wayne Radford, Jim Roberson and Scott Eells — and the three no-shows expressed their regrets. Jim Wisman is in Europe, IU athletic director Fred Glass said, and Rich Valavicius and Bob Bender had previous commitments. (Mark Haymore died in 2004.)

What a fun night and so blessed to have this memory (thanks Elizabeth for getting Mary the tickets for Christmas and thanks Mary for taking me along!)…I mean, I was young when this happened, but still remember watching the season and being amazed by this feat…others have tried, but none have yet to accomplish…Go Hoosiers!

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Vicki Reed

 

First Business day of 2016!

What are you doing to make 2016 your most successful year?  I don’t mean just business, but life!  I am so blessed to be part of Keller Williams, our value system is God, Family, then Business…and our mission is To build careers worth having, businesses worth owning, and lives worth living.  It’s not all about real estate, it’s about funding our perfect life.

I know I have posted about BOLD – Business Objective, a Life by Design – before and recently I completed the class for the third time!  Yes everyone, I am a 3 time graduate of BOLD…and I fully expect to take it every opportunity I get!  Taking it during the 4th quarter of 2015 has helped me bring clarity to what I want to accomplish this year as well work on my habits…both good and bad….

Part of BOLD is the BOLD Laws – I have them framed and on my desk at home and at the office…heck, I even have them hanging in my bathroom! They are truly simple ways to keep me focused…I will share my thoughts on these throughout the year and I am truly focused on making this my best year in Real Estate…and my best year in LIFE.

How are you going to create your Best Year?  In business, in life…Share your thoughts!  Let’s make this our best year ever!

Best year ever

Vicki Reed

Another Casino for the Indy Area????

For those who enjoy an occasional visit to one of the local casinos, ever wonder what we did BEFORE they were local?  I admit, I enjoy an hour or two gambling occasionally, but I work really hard for my money and a few bucks now and again for entertainment purposes is fine for me, I play penny slots and have had some luck, but ever notice the people playing the $1 or $5 machines?  Where do they get their money?  Does central Indiana need another casino?  Would love to hear your thoughts on the case…here are the highlights, for the entire report, click here for the full report from wthr.com reported on August 17…

A Las Vegas company wants to buy up 135 acres of land near the Indianapolis airport to build a casino, “high-end creative retail” and more.  Full House Resorts on Monday announced its proposal to build “American Place” in response to the Indianapolis International Airport’s “Land Use Initiative.” If selected, it would be built on the land along I-465 & High School Road, near where the previous airport terminal was located.

It would include:

  • Approximately 700,000 square feet of high-end creative retail space
  • 25-villa boutique hotel designed to offer the most luxurious accommodations in the Midwest
  • Seasonal plaza
    • ice skating and a European Christmas market in the winter
    • landscaped gardens and forests in the summer
  • Central square surrounded by a unique fountain and 3-D imaging experience
  • Multi-purpose conference and performance center
  • Residential condominiums
  • Offices
  • Restaurant court
  • Multiplex movie theater
  • Small, high-end casino
  • Large health club offering local memberships

The project would cost $650 million, representing one of the largest privately funded construction projects in Indiana history, according to Full House Resorts. They estimate it would then generate $85 million per year in state and local revenues when complete. Full House claims an independent third-party study found “American Place” would also create 4,000 permanent jobs and attract 10-15 million visitors annually.  American Place would be anchored, both physically and financially, by a small casino comprising less than 5 percent of the project’s total square footage.

What do you think?  Do we need another casino?  Even as part of a “lifestyle” center?  Would love to hear your thoughts!

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Vicki Reed