Tag Archives: Marion County

How about a new home for Christmas?

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There are benefits to buying a home at the end of the year, plus what a great Christmas gift to yourself!

Summer may be our busy season, but winter offers great opportunities for buying a house, especially for renters looking to become homeowners, growing families trading up to larger houses and baby boomers seeking homes to fit their evolving lifestyles.  The housing choices during December are less than in the spring, but market-wise, but if that fits your timeline, you could luck out.  The benefits to buying a house at the end of the year are fairly extensive:
1. Tax savings – If you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions can be significant, especially in the early years of your loan when you’re paying off a lot of interest.
2. Motivated sellers – Many sellers want to enjoy tax savings on the next home they purchase. They may accept lower bids in order to meet Uncle Sam’s deadlines. However, if you’re in a strong seller’s market, you’ll want to be conservative and heed advice from a real estate professional, like me!
3. Builder incentives – there are a number of Indianapolis builders who have “inventory” or “spec” homes that are available now and empty!  As the builders move to close out their year, they may offer upgrades or little extras to sell houses before the calendar turns.
4. Available movers – Many moving companies are booked six weeks or more in advance during the busy summer months, in the winter, it’s normally easier to find a moving company or rental equipment on shorter notice.
5. Paying toward something you own – If you’re renting, your monthly check goes toward something that will last you a month: You’ll never see any return on that money. When you buy a house, your monthly mortgage payment goes toward an investment—and ultimately a roof that’s yours.
6. Consistent payments – Landlords will likely increase your rent every year, once you buy a home, you can rely on consistent payments if you have a fixed-rate loan, the only fluctuation you might see is if your homeowners insurance or property taxes go up or down!
7. Freedom to renovate – Update your kitchen, paint your home’s exterior neon orange, change your fixtures or replace your flooring; whatever inspires you, no one can tell you, “No!”
8. Gaining equity – In the beginning, most of your payment goes toward interest. But gradually more will go toward paying off your principal, meaning you build up equity—or savings—in your home. Another factor in equity is appreciation: As home values rise, so does your rate of equity!
So who do you know that I can help Turn their dreams into an address…?
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How much does “true love” cost?

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The Twelve Days of Christmas costs what?  Every year, the PNC Wealth Management Christmas Price Index brings “The 12 Days of Christmas” carol lyrics to life by revealing how much each item mentioned in the song’s lyrics would cost in the present day.

If someone’s “true love” bought all of the gifts mentioned in the holiday classic, then the bill would come out to $27,673.22 in 2014, according to the bank, which gathered data from the National Aviary in Pittsburgh, PHILADANCO (The Philadelphia Dance Company) and the Pennsylvania Ballet Company.

Here is the full list:

  1. Partridge ($20 up from $15 last year) and the Pear tree ($188, last year $184) = $208
  2. Two turtle doves, $125
  3. Three French hens, $181 (last year: $165)
  4. Four calling birds (canaries), $600
  5. Five gold rings, $750
  6. Six geese-a-laying, $360 (last year: $210 what a jump in price!)
  7. Seven swans a-swimming, $7,000
  8. Eight maids a-milking, $58
  9. Nine ladies dancing (per performance), $7,553
  10. 10 lords a-leaping (per performance), $5,348 (last year: $5,243)
  11. 11 pipers piping (per performance), $2,635
  12. 12 drummers drumming (per performance), $2,855

So are your really ready to lay out the bucks for your “true love’s” gift?

twelve days of christmas

Vicki Reed

 

How Thanksgiving came to be a National Holiday…

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I know, you believe that Thanksgiving came to be because of the Pilgrims and the Indians, however, President Abraham Lincoln set forth the Proclamation of Thanksgiving which set the precedent for America’s Thanksgiving.  The following is from the Abraham Lincoln online site:

Proclamation of Thanksgiving

This is the proclamation which set the precedent for America’s national day of Thanksgiving. During his administration, President Lincoln issued many orders similar to this. For example, on November 28, 1861, he ordered government departments closed for a local day of thanksgiving.

Sarah Josepha Hale, a 74-year-old magazine editor, wrote a letter to Lincoln on September 28, 1863, urging him to have the “day of our annual Thanksgiving made a National and fixed Union Festival.” She explained, “You may have observed that, for some years past, there has been an increasing interest felt in our land to have the Thanksgiving held on the same day, in all the States; it now needs National recognition and authoritive fixation, only, to become permanently, an American custom and institution.”

Prior to this, each state scheduled its own Thanksgiving holiday at different times, mainly in New England and other Northern states. President Lincoln responded to Mrs. Hale’s request immediately, unlike several of his predecessors, who ignored her petitions altogether. In her letter to Lincoln she mentioned that she had been advocating a national thanksgiving date for 15 years as the editor of Godey’s Lady’s Book. George Washington was the first president to proclaim a day of thanksgiving, issuing his request on October 3, 1789, exactly 74 years before Lincoln’s.

The document below sets apart the last Thursday of November “as a day of Thanksgiving and Praise.” According to an April 1, 1864, letter from John Nicolay, one of President Lincoln’s secretaries, this document was written by Secretary of State William Seward, and the original was in his handwriting. On October 3, 1863, fellow Cabinet member Gideon Welles recorded in his diary how he complimented Seward on his work. A year later the manuscript was sold to benefit Union troops.

Washington, D.C.
October 3, 1863

By the President of the United States of America.

A Proclamation.

The year that is drawing towards its close, has been filled with the blessings of fruitful fields and healthful skies. To these bounties, which are so constantly enjoyed that we are prone to forget the source from which they come, others have been added, which are of so extraordinary a nature, that they cannot fail to penetrate and soften even the heart which is habitually insensible to the ever watchful providence of Almighty God. In the midst of a civil war of unequaled magnitude and severity, which has sometimes seemed to foreign States to invite and to provoke their aggression, peace has been preserved with all nations, order has been maintained, the laws have been respected and obeyed, and harmony has prevailed everywhere except in the theatre of military conflict; while that theatre has been greatly contracted by the advancing armies and navies of the Union. Needful diversions of wealth and of strength from the fields of peaceful industry to the national defence, have not arrested the plough, the shuttle or the ship; the axe has enlarged the borders of our settlements, and the mines, as well of iron and coal as of the precious metals, have yielded even more abundantly than heretofore. Population has steadily increased, notwithstanding the waste that has been made in the camp, the siege and the battle-field; and the country, rejoicing in the consiousness of augmented strength and vigor, is permitted to expect continuance of years with large increase of freedom. No human counsel hath devised nor hath any mortal hand worked out these great things. They are the gracious gifts of the Most High God, who, while dealing with us in anger for our sins, hath nevertheless remembered mercy. It has seemed to me fit and proper that they should be solemnly, reverently and gratefully acknowledged as with one heart and one voice by the whole American People. I do therefore invite my fellow citizens in every part of the United States, and also those who are at sea and those who are sojourning in foreign lands, to set apart and observe the last Thursday of November next, as a day of Thanksgiving and Praise to our beneficent Father who dwelleth in the Heavens. And I recommend to them that while offering up the ascriptions justly due to Him for such singular deliverances and blessings, they do also, with humble penitence for our national perverseness and disobedience, commend to His tender care all those who have become widows, orphans, mourners or sufferers in the lamentable civil strife in which we are unavoidably engaged, and fervently implore the interposition of the Almighty Hand to heal the wounds of the nation and to restore it as soon as may be consistent with the Divine purposes to the full enjoyment of peace, harmony, tranquillity and Union.

In testimony whereof, I have hereunto set my hand and caused the Seal of the United States to be affixed.

Done at the City of Washington, this Third day of October, in the year of our Lord one thousand eight hundred and sixty-three, and of the Independence of the Unites States the Eighty-eighth.

By the President: Abraham Lincoln

William H. Seward,
Secretary of State

So tell me…what are you thankful for?  Me?  Well…I’m thankful for

  1. having known my Grandparents – all 4 of them – as an adult,
  2. for my parents and the family values and work ethic they instilled in myself and my sisters. I couldn’t do what I do without their support, love and guidance,
  3. for my sisters…mostly for having their daughters…got me off the hook for providing grandchildren!
  4. for the “girls”…my 5 beautiful nieces and 1 great niece…they are the light of my life,
  5. THE GROUP…my insane, loving support system that I could not survive without,
  6. my friends,
  7. my Keller Williams family, I have found such a home with this group,
  8. my clients, without you I would be back in the corporate world and miserable, I’m so grateful for your trust in helping you sell and buy your homes and am so pleased that many of you are friends.

The list could go on, but this post is so long now that many will have stopped reading before the end…so let me just say…

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Vicki Reed

 

The Magic Bank Account

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One of my friends posted this on Facebook this week and as we head into the holiday season, it serves as a reminder that no matter who we are we all have the same amount in our Magic Bank Account…

The Magic Bank Account
Imagine that you had won the following *PRIZE* in a contest: Each morning your bank would deposit $86,400 in your private account for your use. However, this prize has rules:
The set of rules:
1. Everything that you didn’t spend during each day would be taken away from you.
2. You may not simply transfer money into some other account.
3. You may only spend it.
4. Each morning upon awakening, the bank opens your account with another $86,400 for that day.
5. The bank can end the game without warning; at any time it can say,“Game Over!”. It can close the account and you will not receive a new one.
What would you personally do?
You would buy anything and everything you wanted right? Not only for yourself, but for all the people you love and care for. Even for people you don’t know, because you couldn’t possibly spend it all on yourself, right?
You would try to spend every penny, and use it all, because you knew it would be replenished in the morning, right?
ACTUALLY, This GAME is REAL …Shocked ??? YES!
Each of us is already a winner of this *PRIZE*. We just can’t seem to see it.
The PRIZE is *TIME*
1. Each morning we awaken to receive 86,400 seconds as a gift of life.
2. And when we go to sleep at night, any remaining time is Not credited to us.
3. What we haven’t used up that day is forever lost.
4. Yesterday is forever gone.
5. Each morning the account is refilled, but the bank can dissolve your account at any time WITHOUT WARNING…
SO, what will YOU do with your 86,400 seconds?
Those seconds are worth so much more than the same amount in dollars. Think about it and remember to enjoy every second of your life, because time races by so much quicker than you think.
So take care of yourself, be happy, love deeply and enjoy life!
Here’s wishing you a wonderful and beautiful day. Start “spending”….
And keep in touch with family & friends and all those you love.
“DON’T COMPLAIN ABOUT GROWING OLD…!”
SOME PEOPLE DON’T GET THE PRIVILEGE!

So remember…we all have the same amount in our Magic Bank Account…how will you spend yours?

time

Vicki Reed

Indianapolis Holiday Attractions

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Yes, it’s that time of year again…what fun things can you find to do for the season?  This is from the Visit Indy website:

Christmas-at-the-zoo-2

Indianapolis is a city of tradition and the holiday season is no exception. Join 100,000 spectators on Monument Circle as we flip the switch on the Circle of Lights for the 52nd time. Or be a part of a new tradition and see the Simon Skjodt International Orangutan Center glowing in holiday colors for the very first time.
From old to new, here are few of our favorite holiday attractions and traditions.

Christmas at the Lilly House

Indianapolis Museum of Art, November 15 – January 4, 2015

Christmas at the Lilly House

Christmas at the Lilly House on the grounds of the Indianapolis Museum of Art uses the American country house setting to explore the decorative ideas of the 1930s and 1940s. Explore this piece of history and witness nearly a century of holiday tradition firsthand.

Jingle Rails

Eiteljorg Museum, November 22 – January 18, 2015

Jingle Rails

Jingle Rails at the Eiteljorg Museum of American Indians and Western Art is a journey to the Great American West – the real West and the West of the imagination. With over 1,200 feet of railroad, watch seven trains wind past the local treasures of downtown Indianapolis, including the Eiteljorg Museum, Monument Circle, Union Station, and Lucas Oil Stadium, as well as historical sites, including Mt. Rushmore, the Grand Canyon, Yosemite Falls, and Old Faithful.

Jolly Days Winter Wonderland

The Children’s Museum of Indianapolis, November 22 – January 4, 2015

Jolly Days

Jolly Days Winter Wonderland is a holiday treat for the whole family at The Children’s Museum of Indianapolis. Complete with an indoor “ice skating” rink for children to skate in their socks, an ice fishing area, and a holiday train, this is an unbeatable family tradition. Mark you calendar – on November 29, Santa will arrive Indy style in a Dallara IndyCar!

Circle of Lights

Monument Circle, November 28 – January 11, 2015

Circle of Lights

Circle of Lights is the world’s largest Christmas tree, complete with nearly 5,000 lights and 52 garland strands streaming from Indy’s beloved 242-foot tall Soldiers and Sailors Monument. This tree has been named by Travelocity as one of the top five must-see Christmas trees in the nation.

Celebration Crossing

Indiana State Museum, November 28 – December 31

Celebration Crossing

Celebration Crossing at the Indiana State Museum invites you to learn about holiday traditions, both longstanding and new. Visitors can ride the Santa Claus Express, visit with Santa and get their photo taken, and participate in holiday- and winter-themed activities on all levels of the museum.

Christmas at the Zoo

Indianapolis Zoo, November 28 – January 4, 2015

Christmas at the Zoo

Christmas at the Zoo is a wintertime extravaganza everyone will enjoy. Stop by the Indianapolis Zoo for its annual light spectacular, and experience one of the nation’s top 10 zoos in a whole new way as hundreds of thousands of sparkling lights delight and inspire. Soaring 150 feet above the Skjodt International Orangutan Center, you’ll be able to spot the Beacon of Hope glowing in holiday colors from miles away.

Outdoor Holiday Adventure

Conner Prairie Interactive History Park, November 28 – January 4, 2015

Outdoor Holiday Adventure

Outdoor Holiday Adventure at Conner Prairie will take you on a winter adventure through Prairietown as you enjoy the holidays the 1830s way! Meet a variety of characters in their homes as they prepare for the holidays. Discover what holiday treats, games, and gifts were offered and even what pranks were played more than 175 years ago.

So what are

Do you have an addiction to your smartphone?

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I know I do!  As a REALTOR®, I’m constantly checking emails and texts and thanks to my bluetooth, I can even do it while I’m on the phone!  This article is courtesy of the MSN Lifestyle page, but I found it to be so true!

You constantly look at it. When you aren’t around it, you feel anxious, and when you have it, it’s all you can think about. Yes, we’re talking about your smartphone. Our obsession with mobile gadgets has become epic – 1 in every 5 people in the world own a smartphone these days. And now there are a handful of new syndromes that come with that addiction.

1. Text claw and mobile phone elbow

“Text Claw” is a non-medical term used to describe all of the finger cramping and sore muscles that come from continuous scrolling, texting, and gaming on smartphones. An even more common side effect: Using your phone too much can cause inflammation in your tendons and enhance existing conditions, like tendinitis and carpal tunnel. Similarly, “Mobile phone elbow” describes tingling or numbness in ring and pinky fingers after bending your elbow for long periods of time. 

If your non-stop smartphoning has you feeling sore and weak, do some stretches. Put down the phone, then try bending your wrists backward, putting your hands together like a prayer and pushing down. Then, doing some wrist flexes. If you experience pain for longer than a week, try applying heat. Or better still, see a doctor.

2. iPosture and text neck

Slouching over your phone for hours at a time is ruining your neck and hurting your back muscles. “iPosture” or “text neck” are just two of a few phrases doctors throw around to describe the excessive stress on neck muscles. According to a study of young adults in the U.K., 84 percent of those tracked experienced back pain during the last year, mainly due to being hunched over smartphones, tablets, and computers.

Fixing your posture can relieve lower back pain, and limiting your phone use can alleviate neck strain. While it seems awkward, try to hold your phone directly out and in front of your face, not on your lap where you might need to look down for minutes at a time.

3. Computer vision syndrome

Staring at the tiny font in your texts and scrolling through dozens of tweets can lead to eyestrain, blurred vision, dizziness, and dry eyes. And blurred vision plus sore neck muscles can also cause headaches.

If you’re experiencing eye discomfort, make your phone’s font size bigger. Mark Rosenfield, O.D., Ph.D., told Men’s Health that phone users should try to hold their phones at least 16 inches away from their faces. Every few minutes look up from your screen at something far away for short breaks, and don’t forget to blink.

4. Nomophobia

Short for “no-mobile-phone phobia,” this is exactly what it sounds like: the fear of being without your cell. According to a study of 1,000 people in the U.K., 66 percent of the population fears losing or being without their phones at any given time. Some of the symptoms of nomophobia include anxiety or negative physical symptoms if you have lost or cannot use your cell phone, obsessively checking to make sure you have your phone with you, and constantly worrying about losing it somewhere. Interestingly, the study found that women suffer from this more than men.

If this sounds like you, experts suggest employing common anxiety-relieving relaxation techniques like yoga and deep breathing.

5. Phantom pocket vibration syndrome

No, you didn’t just get a text message! A professor at Indiana University found that 89 percent of the undergraduates in her study experienced phantom vibrations when their phones weren’t actually vibrating. The study also found that students who were dependent on text messages and social media updates were more anxious when their phones weren’t really vibrating.

A good way to break the addiction? Try shutting your vibration function off and commit to only checking your phone during designated hours. If you have to keep your phone with you, place it in your bag instead. And try to resist checking your bag every five minutes. Otherwise, you might become the first case of phantom bag vibration syndrome.

So…do you exhibit any of these symptoms?????

smart phone

Vicki Reed

 

It’s almost time for Penrod!

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It’s the 48th year of The Penrod Arts Fair™.  Penrod is one of the nation’s largest single day arts fairs.  Saturday, September 6th, 2014 on the grounds of the Indianapolis Museum of Art. This year’s fair features over three hundred artists, six stages of entertainment, more than 50 arts-related non-profit organizations, and an extensive children’s area.  Also, don’t forget to visit the Indiana Craft Beer Garden!  Billed as “Indiana’s Nicest Day,” it runs from 9:00 a.m. to 5:00 p.m. and is $15 per person for advance tickets and $20 the day of the fair.

For a more elegant option, at $100 per person, you can get a preview at the exclusive An Evening with Penrod™ at The IMA.  This is the Second Annual Evening with Penrod™ and is presented by the National Bank of Indianapolis as an exclusive preview of the Penrod Arts Fair on Friday, September 5th, 2014 from 6:00-10:30 pm on the beautiful grounds of the IMA.  For all the details, click here to visit the website!

So what is the purpose of this annual event?  The Penrod Society is a volunteer organization, strongly rooted in Central Indiana. Their mission focuses on the cultivation, encouragement and development of public interest in and support of those arts, cultural and educational institutions located in and around Marion County, Indiana, its surrounding counties and the Central Indiana area in general.

For more on their history, I visited their website for this information on their founding…

In 1967 a group of twenty two men formed The Penrod Society™. The volunteer organization was designed to support the cultural and educational activities of Indianapolis-area artists, students, and arts organizations. “Penrod” pays homage to Penrod Schoefield, a literary character from Indianapolis novelist Booth Tarkington.

Over forty years later, The Penrod Arts Fair™ has become an Indianapolis tradition. Each year over 20,000 fair patrons visit the grounds of the Indianapolis Museum of Art on the first Saturday after Labor Day. The Penrod Arts Fair™ showcases hundreds of artists, and offers live music, performing arts and local cuisine. Proceeds from this one-day celebration provide grants for Indianapolis-area arts and community organizations.

In addition to launching the Arts Fair, The Penrod Society™ was also instrumental in creating the Economic Club of Indianapolis and the Prelude Awards.

Great event, will you be going?

Penrod

Vicki Reed

 

Happy Labor day…do you know why today is a holiday????

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From the U.S. Department of Labor Website:

LABOR DAY: WHAT IT MEANS

Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.

LABOR DAY LEGISLATION

Through the years the nation gave increasing emphasis to Labor Day. The first governmental recognition came through municipal ordinances passed during 1885 and 1886. From these, a movement developed to secure state legislation. The first state bill was introduced into the New York legislature, but the first to become law was passed by Oregon on February 21, 1887. During the year four more states — Colorado, Massachusetts, New Jersey, and New York — created the Labor Day holiday by legislative enactment. By the end of the decade Connecticut, Nebraska, and Pennsylvania had followed suit. By 1894, 23 other states had adopted the holiday in honor of workers, and on June 28 of that year, Congress passed an act making the first Monday in September of each year a legal holiday in the District of Columbia and the territories.

FOUNDER OF LABOR DAY

Some records show that Peter J. McGuire, general secretary of the Brotherhood of Carpenters and Joiners and a cofounder of the American Federation of Labor, was first in suggesting a day to honor those “who from rude nature have delved and carved all the grandeur we behold.”More than 100 years after the first Labor Day observance, there is still some doubt as to who first proposed the holiday for workers.

But Peter McGuire’s place in Labor Day history has not gone unchallenged. Many believe that Matthew Maguire, a machinist, not Peter McGuire, founded the holiday. Recent research seems to support the contention that Matthew Maguire, later the secretary of Local 344 of the International Association of Machinists in Paterson, N.J., proposed the holiday in 1882 while serving as secretary of the Central Labor Union in New York. What is clear is that the Central Labor Union adopted a Labor Day proposal and appointed a committee to plan a demonstration and picnic.

THE FIRST LABOR DAY

The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883.

In 1884 the first Monday in September was selected as the holiday, as originally proposed, and the Central Labor Union urged similar organizations in other cities to follow the example of New York and celebrate a “workingmen’s holiday” on that date. The idea spread with the growth of labor organizations, and in 1885 Labor Day was celebrated in many industrial centers of the country.

A NATIONWIDE HOLIDAY

The character of the Labor Day celebration has undergone a change in recent years, especially in large industrial centers where mass displays and huge parades have proved a problem. This change, however, is more a shift in emphasis and medium of expression. Labor Day addresses by leading union officials, industrialists, educators, clerics and government officials are given wide coverage in newspapers, radio, and television.The form that the observance and celebration of Labor Day should take was outlined in the first proposal of the holiday — a street parade to exhibit to the public “the strength and esprit de corps of the trade and labor organizations” of the community, followed by a festival for the recreation and amusement of the workers and their families. This became the pattern for the celebrations of Labor Day. Speeches by prominent men and women were introduced later, as more emphasis was placed upon the economic and civic significance of the holiday. Still later, by a resolution of the American Federation of Labor convention of 1909, the Sunday preceding Labor Day was adopted as Labor Sunday and dedicated to the spiritual and educational aspects of the labor movement.

The vital force of labor added materially to the highest standard of living and the greatest production the world has ever known and has brought us closer to the realization of our traditional ideals of economic and political democracy. It is appropriate, therefore, that the nation pay tribute on Labor Day to the creator of so much of the nation’s strength, freedom, and leadership — the American worker.

So what are your plans for this holiday?

labor day

Vicki Reed

 

Time to Sell?

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Thinking about selling your home?  Just a few things to think about…

Renovations: The changes that make your house work for you may not appeal to potential buyers. Not everybody loves that bright blue paint color — no matter how much you personally adore it. Make sure any big changes you make will increase, rather than decrease, your home’s value.

ALWAYS leave during open houses and showings: No hovering!  Current homeowners hovering over potential buyers as they tour the house…it’s a lot of pressure and can prevent them from giving honest feedback that could ultimately help you sell your home.

Waiting to list in the Spring: Most people house hunt in the spring and summer, but that’s also when most people list their homes. List yours when it’s available and you’ll reach those buyers who need a home now and aren’t finding much on the market.

Setting the price too high: What your home is worth to you and what it’s worth on the current market can be vastly different. Take a good look at the comparables provided by your REALTOR® and follow their advice…we are the experts!  Ignore Zillow…the Zestimates they offer are just WRONG!

Not doing enough marketing: Just putting up a “for sale” sign isn’t enough. Talk with your REALTOR® about other options, like online listings with virtual tours to attract buyers who aren’t looking on Craigslist!

Not getting a real estate agent: Unless you’ve had plenty of experience, going the “for sale by owner” route is probably not a smart bet. A REALTOR® can give you insights, marketing advice and, most importantly, can get your property on the multiple-listing service (or MLS or if you are in Indianapolis, BLC), which gets it in front of other agents.

Not staging your house: You need to help buyers envision themselves in your home. This includes removing any clutter and overly personal items (like family photographs) and making sure furniture flows well and demonstrates the purpose of each room.  Don’t go overboard, sometimes you can declutter and depersonalize to the point that the potential buyers can’t envision anything!  Discuss with your REALTOR® and if they don’t have a good eye, bet they know a good stager!

Okay, now are you ready?  Call, text or email me and let’s get started!

sold

Vicki Reed

 

Think you are ready to buy a house?

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Buying a home is an emotional decision for most people, this is where you will likely spend the next 5 to 7 years of your life, more if you buy right and love the area.  Do your research!  Think about these things and when you are ready…CALL ME!

Researching the neighborhood: Is this some place you really want to live? What amenities are nearby? How is the school district? What does the traffic and street activity look like when you drive by it at different times of day, like Sunday morning and Monday evening rush hour?

Get an inspection: This is one of the biggest investments you’ll ever make, and you’ll be living with it for years to come. Don’t pinch pennies — shell out $400 for an inspection. Make sure you know exactly what you’re signing up for.

Remember, you can paint!  Don’t buy or not based on decor: Paint color can be changed. Tiles and cabinets can be changed. What you want to look at are the bones of the house. Will it meet your needs? Does it flow well? Does it have enough space?

Don’t buy the most expensive home on the block: Hate to break it to you, but the most expensive home on the block isn’t a good deal. It will only depreciate over time, and you could have trouble selling it when buyers can see plenty of more reasonably priced options in the same neighborhood.

Be realistic with your budget: There are 2 numbers to look at when you are buying a home, just because your lender says you qualify for a $250,000 mortgage, that doesn’t mean you can afford it, especially when you factor in the other costs that come with homeownership. Be real and only look at houses you can realistically afford.

Be realistic about your DIY abilities: Will you really tear down that wall to make a master suite or gut the entire kitchen to make it work for you? Don’t let too much HGTV and delusions of grandeur drive you to buy an ongoing project you’ll regret taking on.

Have money for a down payment:  FHA financing requires 3.5% down, Insured Conventional 5 or 10%, Conventional 20%.  Anything less than 20% down and you’ll pay private mortgage insurance (aka PMI) payments and a higher monthly mortgage payment overall. It may be worth saving up for an extra year or two to reduce your long-term costs.  VA and USDA are 100% down programs, but make certain that’s how you want to go.

Make sure you are ready: Are you financially ready?  Are you ready emotionally? Are you sure you want to stay in this area for years? Does your income feel stable? Are you prepared to take on all that yard work and the repairs you avoided as a renter?

Think you are ready?  Time to call in the experts and find a realtor!  Call or text me at 317-919-7931 or email at vlrrealestate@gmail.com…I’m looking forward to hearing from you!

Buying a house

Vicki Reed