Is your home haunted?

My grandparents home is!  My Dad has recounted stories of when he was a teenager and sitting at the kitchen table and an old man in a sweater walked up where stairs had been prior to a 1950’s era reno that moved the stairs to the upstairs to the living room!  And then not to many years ago, he was visiting my grandparents and they were standing in the living room and a hand print appeared on the back of the loveseat next to the window and the curtain moved out of the way, like someone was leaning to look out the window!

My Grandmother routinely swore that her brother Albert was also there, she would see him leaning against the door jamb like he had done when he visited, one night after a bathroom visit, she literally ran into – well, I guess that would be through – him in the hallway on her way back to bed!  Bear in mind, Albert was killed in WW2 and buried in France!

There is an article in today’s Indianapolis Star, “3 haunted destinations in Midwest offer scary good times” offering an idea for a weekend getaway (click here for the article), the locations are Alton Illinois , Bardstown Kentucky and Marietta Ohio.  If that’s your idea of fun, looks like it could be a great time!

But what about Indy?  There are schools, bridges and of course Crown Hill Cemetary, but here are 3 that seem to show up on everyone’s list of REAL Haunted Houses:

Hannah House

Built by local farmer and politician Alexander Hannah in 1858, this south side manor maintains a prominent place in Indianapolis‘s storied past. A Historic Landmark, the Hannah House was a safe haven for escaping slaves as part of the Underground Railroad. This designation also plays into its reputation as a hotbed of paranormal activity, as an undocumented fire purportedly claimed the lives of several refugees one fateful night. The spirits of those victims, and of Hannah himself, are said to roam the corridors of the estate. The Hannah House is open to the public and even offers the chance to stay overnight and do a little ghost sleuthing…if you dare!

Central State Hospital

Originally christened the “Indiana Hospital for the Insane,” Central State Hospital opened its doors in 1848. From a single building housing five patients, Central State grew into a veritable campus where thousands of patients were treated for various ailments, both mental and physical. At its height in the middle of the 20th century, Central State encompassed nearly 100 acres, with two main buildings, several peripheral treatment centers, and enough businesses to have formed its own town. Not surprisingly, given the nature of its existence, the grounds of Central State Hospital, located on the near west side of Indy, is reportedly ripe with ghostly happenings.

The House of Blue Lights

Located on the city’s east side, the House of Blue Lights was an estate owned by Skiles Test, and it was the subject of many spooky tales involving caskets, dogs, cats, misty blue lights, and other goodies! Although the house is long gone now, much of the property remains as it was during the heyday of these stories, and is home to the Skiles Test nature park. The Test grave is also a popular ghostly destination in nearby Crown Hill cemetery.

Do you believe???  Or are you like me and the thought scares the bejeezus out of you?

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Vicki Reed

This life is hard enough…

First, let me qualify this post by saying that I chose to be a REALTOR®…I love my job, I love “Turning your dreams into an Address…”, it’s more than a tagline, I truly love working with buyers and sellers, my clients have become friends and this means so much, however, several things have happened this year that I would like to address…

1.  A fellow agent called, he had received a call from someone who saw his sign in front of a house.  The potential buyer told him that he was not represented and the agent, who was out of town, contacted me to show the property.  I arranged to show him the property and during our meeting, I again asked if he was working with an agent and he said that he was, but he “didn’t want to bother him to show him the home“.  My advice to buyers – BOTHER US!  Commit to working with one Realtor, showing you homes is what we are paid for, to show you homes and represent your BEST interests in YOUR home purchase, please do not lie to other agents, we will eventually find out.

2.  Realtors… treat each other with respect and kindness, we are all trying to do what is best for our clients. During the course of a recent transaction, the Seller’s agent maligned my clients character during the course of a number of delays, was hateful and demanding of me, including trying to get me to give up part of my commission.  I’m sorry, I work really hard for my clients, I am upfront and honest with other agents during the course of every transaction.  Regarding delays…sometimes things happen and we do the best we can, but please, be patient, be kind and just talk to each other with some modicum of respect.  The end result is someone wants to sell a house, someone wants to buy that house and its up to us to make it happen and make both our clients happy.

3.  Last week I received a call from an agent showing one of my listings.  The home is unoccupied, yet when she arrived, the lockbox was open, the key in the door, door wide open, lights on…and no one there!  What if there hadn’t been another showing scheduled that day?  How long would it have stayed that way?  I called the agent who had shown it earlier and left a voicemail asking how he left the home, just to find out if someone showed the home and wasn’t scheduled (they still haven’t called me back!).  Agents, please leave the home secured when you leave and if you did it, own up to it.  My favorite thing an agent did at another unoccupied listing was leave the gas fireplace burning…it was over 4 days before the home was viewed again, next agent came into a 95 degree temp…in February!  Buyers, help us make certain the homes you are viewing are locked up tight and it was as you found it when you leave!

4.  Buying a home?  During a recent transaction for a client selling a home, we were on the way to closing and received a call from the Buyer’s agent...there was a large spot on the master bedroom carpet and they hadn’t seen it before…it had been there all along, never hidden, but apparently never seen by the buyer or their agent.  Now, the seller was getting money back from the sale of the home, a reward for home ownership if you will, and had already agreed to pay $3,000 toward the Buyer’s closing costs as well as pay for a home warranty of $400.  The Buyer’s agent screams at me that they wanted $500 to replace the carpet or they would be pulling out of the transaction.  First, there is no reason to scream at me, second, just  because you can see on the HUD statement that my client is receiving money doesn’t mean your client “deserves” money for something you hadn’t asked for previously.  My client was using this money in the purchase of their next home, it was not the Buyers to take.  We did close, but what should have been a joyful day for both parties turned contentious and stressful.

5.  Selling your home?  Pay attention to the terms of your contract.  When  are you to turn over possession of the home?  What items are to remain with the home?  Realtors, communicate with them on how the home should be left for the new owners and remind them of what appliances, etc. are to remain.  In addition to my own experience, I hear a lot from other agents about washers and dryers being taken when they were clearly on the Purchase Agreement, what about that fridge in the garage?  Sellers, don’t take the light fixtures and replace them with the builder grade brass one that was there when you moved in UNLESS you disclosed that you were taking the fixture.  During a recent transaction, we arrived to do a final walk-through 30 minutes before closing and they were still moving out!  This is the first time the Sellers had sold a home and they had no idea that this was unacceptable.  Sellers, your home needs to be “broom clean” when you leave, you should also make certain that you aren’t still trying to move as you are headed to the closing table and Agents…communicate with your Sellers!

Okay, enough of my rants/life lessons or whatever you would like to call this, but truly, life is tough, the key is to treat one another with RESPECT…in negotiations, in delays, in closings and even in follow-ups after the fact.  It doesn’t just apply to real estate transactions, but our everyday lives.  I strive to be a Realtor® that other agents want to work with and that my clients want to refer their friends to…it’s working so far and I look forward to a long prosperous career!  Now…if you are ready to buy or sell a home…CALL ME!

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Vicki Reed

Think you are ready to sell?

When selling your house, remember when you put it on the market, it is no longer your home, there are certain improvements that pay and others that don’t.

Check out this seller secret to understand why making costly improvements isn’t always your best bet.

Turning Your Dream into an Address

Want to know which updates will make your property most marketable?  Call me today to set up your free consultation.

Vicki Reed

What is a FSBO?

For Sale By Owner, or FSBO (pron.: /ˈfɪzb/), is the process of selling real estate without the representation of a real estate broker or real estate agent. Homeowners may employ the services of marketing or online listing companies or market their own property but do not pay a commission and represent themselves with the help of a lawyer throughout the sale.  Okay, so you know I’m a Realtor…what do I think of this practice?

As a home seller, do you know what your home is worth?  My job as a Licensed Real Estate Professional is to know the answer to that question.  Are you overpricing your home?  Underpricing?  How are people finding your home?  How are you managing showings?  Telephone inquiries?  Is it interfering with your job?

With the prevalence of the internet, you can easily advertise your home but for many FSBO’s, you will likely get one of 4 types of buyers:

1.  Serious and in a hurry.  They may be moving here and have three days to find a home, or maybe they just sold theirs and need to get into another or they will lose their contract.

2.  Serious, but not in a hurry.  They can qualify; they may be a first-time home buyer proceeding cautiously or looking for that special home.  Are you willing to hold their hand through the process?

3.  Investors.  They want to buy everything ten cents on the dollar.  These folks are easily identifiable…they are going to quickly make you an offer way under your asking.

4.  Looky Lous.  They really aren’t buyers, they can’t qualify for a mortgage and Agents won’t work with them so they go out and prey on FSBO’s.

If a buyer is serious, they are going to be working with an agent…it doesn’t cost them anything!  Agents are searching the Multiple Listing Service for homes that meet their clients criteria…not Craigslist which is where a lot of FSBO’s advertise.

I will handle all these issues for you…and get your home sold for the best possible price in the shortest amount of time!  The market is moving in Indianapolis, let me serve you and get your home sold!

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Vicki Reed

Tattooed…and Employed

Do you remember when…having a tattoo was taboo?  I was driving home down I-465 yesterday and saw this on the back of a really nice car!

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There are many myths about people who have tattoos…they can’t donate blood or organs (visit donatelife.net for accurate information!), that they are barred from burial in Jewish cemeteries (Torah law prohibits a Jew from being tattooed, says Rabbi Gedalia Dov Schwartz, the presiding judge of the Orthodox Beth Din of America, however, “there is no reason why a Jew with a tattoo may not be buried in a Jewish cemetery.”), only “trashy people” have tats…well let me tell you, I’m educated, own my own business, own my home, drive a nice car, go to church regularly, come from a “good” family and I HAVE A TATTOO!  And so do a lot of others!

What about you?  I was 42 when I got mine, I wanted a specific cartoon character from my college days…anyone remember “Bloom County“?  Opus, Bill the Cat are among the cast of crazies that inhabit the mind of Berkeley Breathed and reading Bloom County in the Ball State Daily News was a staple of my college days!

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It took me a long time to work up the nerve, find the right image and have the money to go through with it, decide where it should go…a friend has dolphins swimming around her navel, looked great until she got pregnant…then those little dolphins became whales and became the size of a dinner plate!  Mine is small, on the right side of my back, just above my waist…I did it for me, to remind me of a more carefree me and just to make me smile!  What do you think?

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Vicki Reed

Why is your home not selling?

Why do some homes linger on the market for months (or years) while others are snapped up in a matter of days?  Much has to do with price, but a lot of factors can conspire to keep your home sitting…

Let’s talk about price…this is usually the largest factor in any home that doesn’t sell.  Did you meet with several Realtors?  Let me guess, you chose the one who said they would price it the highest and now here you sit.  As your agent, it is my job to price your home to sell, not just put a sign in your yard and garner new buyer clients from sign calls, yes, that’s what happens when your home doesn’t sell, we just get new buyer clients from you while your home languishes!  I watch the market, watch the trends and provide you with the best possible price to get you to your next home, be it in the same city or across the country.  A great rule of thumb is 10 showings no offers or 2 weeks no offers means your home is overpriced.

Now about that decor…everybody’s taste is different, so less is more when it comes to decor at sale time.  Declutter, move away from the 80’s (or even 70’s?) and do everything you can to make the home seem clean and fresh…change out those “builder brass” light fixtures for brushed nickel or bronze, you’ll increase your bottom line!  Paint the walls a light neutral shade and the trim white, pack away the knick knacks and make the home as clutter free as possible: too much clutter = not enough storage in the buyer’s minds!

Make certain you have finished all those little home repair projects, if a home looks as if it’s going to cost half as much to repair or renovate as it does to purchase, it’s going to take a long time to sell.  Don’t forget to deal with the cooking, pet or mold odors!  You may have to consider replacing carpet or painting walls to get rid of the odor, your home should smell clean and fresh, but don’t overdo it!  If potential buyers notice a heavy scent of air freshener, they will wonder what you are trying to cover up!

I have turned down listings because the homeowner was not willing to listen to me regarding price – they listed with another agent at a higher price and sat on the market for 6 months until their listing expired with that agent…then called me, listed at my suggested price and sold in 30 days.  Will you listen to me?  Call me today and let’s talk about it!

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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

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