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

Remember “It was a dark and stormy night…” from Peanuts?

Well, it is a gray and snowy day in the Indy area…” and dozens of Indy drivers are driving around without their headlights on!  Makes you folks in the gray and white cars especially difficult to see and really difficult to avoid hitting or pulling out in front of!  I have made my trek from Beech Grove to Greenwood and back to Southport for a quick coffee break before meeting clients, fairly interesting.  Please, please, please use your headlights, especially on days like today, if we can see each other maybe we won’t hit each other!

Now…let’s talk about snowy/icy road tailgating!  Really folks?  Do you think riding my bumper is going to make me drive any faster on roads that are snow covered?  I can tell you right now…just makes me want to slow down even more!  I’m sorry you are late for whatever you are racing too, but my life is too valuable to me to drive unsafely on days like today.

Okay, so I’m off my soapbox, I’m not expecting anyone to change their habits because of my rant, but if it makes 1 person turn on their headlights and possibly avoid an accident then I’m happy!

One of the advantages of  being a Realtor is that I control my schedule, wish I had scheduled today working in my home office, not out in this beautiful (sarcasm doesn’t really translate well in a blog post does it?) Indiana weather!  My next stop is visiting potential investment properties with my clients, this means no one has shoveled the walks and in a lot of cases, there isn’t any heat on in the home…that’s why I needed this coffee  break, just to prepare myself.  Hope you all have a great and safe day!

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Vicki Reed

Downtown Winter Dining on a Budget!

It’s that time again…Devour Downtown!  Held semi-annually, Winterfest is January 21 – February 3, this event encourages us to savor fare from more than 50 downtown restaurants and get special deals from entertainment venues and attractions including the Indianapolis Symphony Orchestra, Indiana Ice and many more! For more information and a list of participating restaurants and their special menus, visit http://devourdowntown.org.

How about topping the evening off with a carriage ride?  Yellow Rose Carriages are at your disposal to take you on a horse drawn carriage tour of Indianapolis.

Rather stay indoors?  Retreat to one of the many live music venues in downtown…Blues?  Slippery Noodle Inn is Indiana‘s oldest bar, and home of the Blues in Indiana features live local, regional and national Blues seven nights a week.  Prefer Jazz?  Check out the Chatterbox Jazz Club in the heart of the Mass Ave Arts District hosts live, local jazz seven nights a week!  Sing-a-long?  Try Howl at the Moon for a night of dueling pianos and high energy singing.  The list goes on and on…

Want to live downtown in the midst of all this energy?  Let’s talk!  Downtown has a variety of properties, starting as low as $60,000 all the way to $2,790,000…what’s your budget?  Check out my website to search for available properties!

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Vicki Reed

What do you do for fun in the Winter?

The major winter holidays are behind us…what do we do for the rest of the winter???  Besides my job as a Realtor (yes, I consider it a lot of fun…even in winter!) my favorite pastime is watching Men’s College Basketball!  The problem is that Indy isn’t hosting a major men’s college basketball event until the Midwest Regional of the Men’s Basketball 2013 NCAA Tournament the last weekend in March!

Okay, so we have Butler Basketball here in the city, always a great time and if you can get tickets, Bloomington isn’t that far away to see my FAV and …okay, we also have…well…Purdue.

So what else is there to do, and if you are like me, not spend a lot of money!  Indianapolis is such a great city with tons of things to do ALL seasons, but for Winter, how about…

Ice Skating – My youngest nieces (ages 10 and 11) love to go ice skating!  When they visit we go to the Indiana/World Skating Academy at the Pan Am Plaza – for under $15, they can skate for 2 hours and have a great time.  I generally follow that up with a treat like Chocolate Nachos at Cheeseburger in Paradise – great way to spend an afternoon.

Museums – One of my favorite things is to simply visit and enjoy the Indianapolis Museum of Art.  It is $5 to park and unless you are going to a special exhibit, it’s free to walk through and enjoy.  I spend a lot of time in the textile exhibits, right now they have An American Legacy: Norell, Blass, Halston & Sprouse spanning more than 50 years of fashion history, the exhibition presents the work of four innovative designers, their individual styles and lasting influence on American fashion.  We also have the world class Indianapolis Children’s Museum, The Indiana State Museum and the Eitlejorg, all a great adventure and all priced well for a great, relaxed visit.

Check back next week for more ideas!  While you are waiting…click here to sign up on my website for all the Indianapolis Real Estate Market News!

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Vicki Reed

# 3 on the 10 most affordable cities for homebuying list!

According to CNN Money, Indianapolis ranks # 3 in the 10 most affordable cities for homebuyers (click here for the whole list)…here’s what they have to say about us:

Median income: $62,600
% of homes sold that are “affordable”*: 92.6%

The capital of Indiana is an important auto industry supplier, with transmissions, starters, gaskets and other parts still manufactured here.

As the auto industry has revived, so has the local economy. The city also has benefited from having diverse industries: Pharmaceutical makers (Eli Lilly), financial services firms (Conseco), the state government, and communications companies (Brightpoint) are all major employers. And the job market is improving: Unemployment fell in September to 6.4%, 1.5 percentage points below the national rate of 7.9%.

That’s great news for job seekers, but home buyers may not be quite as happy. A few years ago, Indianapolis regularly led the affordability index; it’s since slipped a couple notches. Still, Indianapolis is the largest metro area of the 10 most affordable cities.

Ready to buy or sell?  Let me help!  Click here for my website and let’s get started!

Shop Local – it will give you a glow!

It’s time to pick a gift for that special person and you need a SPECIAL gift. Find something unique and keep your money in the neighborhood. If half the families in Indiana shifted $6.25 of their weekly budget to buy locally, this would provide an annual contribution of $300 million to the local economy. Everyone can go to Wally World and the other big box stores but you’ll find something one-of-a-kind and made from the heart if you look around your area for a local merchant. Of course, Mass Ave is a great place to check out but there are all kinds of local shops all over Indy: Fountain Square, Lafayette Road, Broad Ripple. Or venture a little further out into the ‘burbs: Zionsville, Avon, Mooresville, Greenwood. You’ll never know what you’ll find. Here’s some links with info on shopping local:
http://indianamuseum.org/visit/events/eventview.asp?eventid=2543

http://www.yelp.com/events/indianapolis-yelp-shops-local-pledge

http://shop.indianaartisan.org/

https://www.americanexpress.com/us/small-business/Shop-Small/

You never know what you will see…

How about a Pink Elephant in Fortville, Indiana?  Yep, there it was, sitting next to the highway, wearing black glasses and drinking a martini…with olives!

Road tripping across our great country will show you incredible beauty as well as a lot of oddities, but always worth the trip.

Tell us some of your favorite “observations from the driver’s seat…”

Want to live near this roadside attraction?  Check out my website for homes in the area!