Today is a great time to be a home buyer. You might say – What is he talking about? Here are some facts you will not see in the news media:1) There were 27,500+ homes sold in central Indiana last year. Are you surprised at this number?
2) Inventory of homes for sale is declining which is good news for sellers so Now is the time for Buyers.
3) Mortgage money is available & plentiful and buyers are being approved with credit scores in the low 600’s. Mike Spiegel, loan officer, is here to help with your purchase or refinance.
4) Interest rates are at historic lows (currently around 5%) for 30 year fixed rate FHA and conventional loans with down payment at 3 ½% for FHA much below the 20% for conventional loans.
5) $7,500 Income Tax Credit for first time home buyers.
6) Property taxes have been reduced 20% or more for most home owners primary residence who have filed their mortgage & homestead exemption. If you have questions about your taxes, exemptions or assessment please call us for assistance. We can supply you with comparable solds for your area in metro Indianapolis to help with any appeal.
Bottom line is the cost of home ownership in the Central Indiana area has never been lower in the last 5 years and Central Indiana remains one of the most affordable areas in the country. Call “The Reel Team” for a complimentary custom real estate consultation which will give you a perspective on today’s market.
