Carmel Real Estate News

Find out about Carmel Indiana real estate news.

This category currently has 16 blog entries.

Tue, Nov 04, 2008

Indianapolis - Best Bang for You... by Mike Taylor

Indianapolis has been recognized by two separate but similar top 10 lists in Forbes magazine. The first the Best and Worst Bang for the Buck Cities and the other is Cities Where Your Nest Egg Goes Farthest. Indianapolis comes in #3 and #6 respectively. While I understand these top 10 lists are somewhat sensational, there is a grain of truth to what they are saying; Indianapolis is great affordable place to buy a home, raise a family, or retire. While many parts of the country are reeling from losses in real estate, Indianapolis is not faring that bad at all. In fact, I firmly believe a large of part of the current slowdown in Indianapolis is a self fulfilling prophecy. If we could somehow just tune out all the negativity about...

196 Views, 0 Comments.

Tue, Oct 14, 2008

Temporary Tax Rates Affect On Re... by Mike Taylor

The Indy Star recently published an article about how some local taxing authorities have temporarily submitted larger than normal tax rates for 2009. Basically what is happening is that the local tax units don’t really know what their budgets are and/or what this years assessments are. Since they don’t really know what they are working with, they overshoot it and then claim they might go down once the final numbers are in. Regardless of how you feel about the “temporary” inflated numbers, you do need to understand how this can affect you as the buyer or the seller in a real estate transaction during the “black hole” period when we don’t actually know the tax rate. If you are a seller and you close during the time between...

264 Views, 2 Comments.

Fri, Oct 10, 2008

Indianapolis Mortgages - Busines... by Eric McMillan

It seems you can’t turn on the T.V. without hearing how bad the economy is. I know I’ve heard about how there is a “credit freeze” and that we, as consumers, will feel the brunt of it. I’ve heard that we won’t be able to get car loans, pull money out of the ATM, get credit, or get a Mortgage on a home. I can’t speak about getting a car or applying for a credit card, but I have been able to get cash out of my ATM. Also, and more importantly to my industry, banks are still buying mortgages. As a matter of fact, Fairway Mortgage (www.fairwayindy.com) has not experienced any changes whatsoever. It’s business as usual. You know the saying, “Believe half of what you see and nothing of what you hear”? It certainly rings true right...

104 Views, 2 Comments.

Wed, Oct 08, 2008

Indianapolis Real Estate is not ... by Mike Taylor

I am so glad I am not an agent in Ft. Lauderdale, Riverside, Orlando, or any other number of cities in the Florida, California, Arizona or Nevada area. According the latest PMI Risk Index, some of those areas have over a 99% chance that the home prices will be lower in two years. Ouch! While this latest index does not bode well for other areas, Indianapolis real estate comes out smelling like roses. According to this study, we have less a 1% chance that our home prices will be lower in the next 2 years. Here is the full list of metro areas and their corresponding risk index: Rank MSA Score 1 Fort Lauderdale-Pompano Beach-Deerfield Beach; FL A 99.5 1 ...

263 Views, 4 Comments.

Mon, Sep 22, 2008

Some Agents Just Suck by Mike Taylor

Phone message from me: Hello X agent, this is Mike Taylor with Rebate Real Estate. I am going to be sending over an offer on your listing located at X Street. I had a few questions for you and was hoping you could send over the seller’s disclosure. Please call me back as soon as you get this. Thanks. Twelve hours later…no answer from the agent. WTF??? How do these agents stay in business? These kind of agents drive me nuts!!!! When I go to send over the offer, still with no communication from the listing agent, here is the email I WANT to send: Hello Agent, I left you a message several hours ago about an offer I have on your listing at XXX Street. I guess since I have not heard from you, I should just...

187 Views, 3 Comments.

Wed, Aug 13, 2008

Indianapolis Real Estate Agent M... by Mike Taylor

MIBOR (Metropolitan Indianapolis Board of Realtors) recently released figures showing membership is off by 10.5% since the beginning of this year. The renewal notices and bills have finally been tallied and it reveals what I and many others have suspected all along; a substantial exodus from the real estate careers by lots of agents and brokers. This may sound macabre, but to me this is GREAT news for both me and the average consumer. It is obvious why this is great news for me…less competition. How this benefits the consumer is that this 10.5% was likely made up part timers or soccer moms and dads who thought real estate would be fun because they like looking at houses. Getting these people out the business increases the...

125 Views, 0 Comments.

Fri, Jul 25, 2008

Davis Homes CEO Makes Gutsy Anno... by Mike Taylor

Less than 24 hours after the announcement that Davis Homes is shutting down, CEO Brad Davis has revealed that he plans to begin building custom and semi-custom homes before the end of the year. WOW! That is either really gutsy or really stupid…or both. I am not sure but it seems that perhaps consumer confidence in the Davis name may still be shaky on the heels of running the previous company into the ground. Despite the 2-10 buyer’s warranty they, and every other builder, provide there will undoubtedly be some disgruntled homeowners telling all of their friends about how much Davis Homes sucks. If it were me, I think I might have opted for a less bold move; maybe a silent partner in a homebuilding company or something. What...

470 Views, 20 Comments.

Tue, Jul 01, 2008

US-31 Becoming a Freeway? by Mike Taylor

US-31 Meridian Street Carmel Indiana Interchange? INDOT and the city of Carmel are very seriously considering making US-31 or Meridian a freeway from I-465 in Carmel to Westfield. An open house last week drew almost 200 attendees to the meeting to hear the proposal and comment on the project. As to be expected, there were opponents and proponents of the project. The opponents point to cost and lost acreage of woods that currently buffer the highway from neighborhoods. Proponents of the project say the cost and aggravation of the construction will be worth it. This project is far from a reality but the main idea behind it is to create a freeway with little or no traffic signals from Carmel to Westfield. Another idea that is being kicked around is installing an exit ramp...

349 Views, 5 Comments.

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