Showing posts with label Buying. Show all posts
Showing posts with label Buying. Show all posts

Friday, September 21, 2012

MONROE COUNTY MARKET SUPPLY REPORT


MONROE COUNTY MARKET SUPPLY REPORT

For Residential Single Family Listings

Price Range
Historical Data
Proj’d 2011
Total Current Supply
Total #
Pending
Sales
Current #
Listings
Available
Current # Months Supply Available
2008
2009
2010
$25,000-$49,999
20
6
16
26
13
1
12
5.5
$50,000-$74,999
54
44
40
48
17
1
16
4.0
$75,000-$99,999
113
91
95
120
81
11
70
7.0
$100,000-$124,999
163
103
125
135
93
17
76
6.8
$125,000-$149,999
173
153
150
170
106
21
85
6.0
$150,000-$174,999
149
110
125
150
103
17
86
6.9
$175,000-$199,999
126
73
100
115
85
16
69
7.2
$200,000-$224,999
63
52
65
69
37
6
31
5.4
$225,000-$249,999
64
40
43
46
47
11
36
9.4
$250,000-$274,999
44
35
50
34
40
7
33
11.6
$275,000-$299,999
38
22
34
35
28
0
28
9.6
$300,000-$324,999
24
21
32
29
17
3
14
5.8
$325,000-$349,999
17
17
16
18
23
4
19
12.7
$350,000-$374,999
18
16
19
16
18
2
16
12.0
$375,000-$399,999
18
16
21
22
21
0
21
11.5
$400,000-$449,999
19
17
23
22
22
3
19
10.4
$450,000-$499,999
5
12
16
11
17
2
15
16.4
$500,000-$599,999
2
3
10
12
20
0
20
20.0
Over $600,000
16
9
11
14
46
2
44
37.7
Totals:
1126
840
991
1092
834
124
710
7.8

Information obtained by actual listing count from Bloomington Board of REALTORS® Multiple Listing Service as of 9/10/2012

Residential supply report only – Monroe County ONLY Does not include condominiums

Does not include proposed construction Percentage of inventory with pending sales:  14.9%

Wednesday, February 22, 2012

You shouldn't be Afraid of the big bad Wood Foundation?

Comfortable Living with Permanent Wood Foundations


Bloomington, Indiana and surrounding Monroe County have many communities that were built with wood foundations. Some of those communities include; Woodhaven Estates, Paddington Park, Country Club Hills, Southern Pines and select homes in Van Buren Park. (if you are unsure if the property you are interest in purchasing our currently own has a wood foundation please ask your trusted REALTOR®)

Watch the video to Educate yourself on the value wood brings to the home maintenance and building process.

Answers found in this video:

• How is a wood foundation different than concrete block? 0:55
• How is the foundation wood different than other wood building materials used in construction? 4:49
• How does this wood resist wood eating insects and rodents? 4:56
• How does this type of foundation keep water from seeping into the basement? 5:13
• How does this compare to poured concrete and concrete block basements? 5:59
• What's the durability of the wood?  6:49
• How much does this cost? 8:00

 ** If you can get over the 1980's production of this video, you'll find that it has valuable information about wood foundations.

Wednesday, February 15, 2012

Get Rich and Car Payment Free


My Lovely Sister- in- Law sent me this video. I found it so compelling I had to share.

Of course my brain started thinking couldn't we apply this thought to home ownership and health care as a way to get wealthier?

Wednesday, February 8, 2012

If you don't think now is the time to buy you're crazy!

(Okay not crazy just very, very, conservative with your money.....
                                              or bracing yourself for the 2012 Mayan Apocalypse)



Let's Look at the Data

Historic Interest Rates

Feb 1972---   7.33%
Feb 1982--- 17.60%
Feb 1992---   8.76%
Feb 2002---   6.89%
Feb 2012---   3.92%

If you were a Historical Hypothetical Buyer and wanted to keep a monthly mortgage payment around $710...

In
1972 You could only buy a home Valued at $103,000
1982 You could only buy a home Valued at $ 48,000
1992 You could only buy a home Valued at $ 90,000
2002 You could only buy a home Valued at $107,800

Today a $709 monthly payment is worth a home price of $150,000 Talk about Buying Power!

Couple the low cost to borrow money with the fallen prices (which have hit record low's) the cost of home ownership has never been more affordable!

Call me for a personal tour of Bloomington's affordable properties (before the prices creep up again).


And if the Apocalypse happens hopefully I end up like these guys...



For more information on Historical Interest Rates Check out the Federal Reserve Bank Website.

It's a great time to be buying!!

Sunday, October 30, 2011

Happy Halloween!



For Families with Children the fall colors bring apple picking, pumpkin carving and trick-or-treating.

But as a parent, this season brings my biggest fears. Child Predators. Lucky for us Monroe County is pretty proactive when it comes to protecting our children.  Convicted sex offenders in Monroe County are required to attend a meeting and movie night during trick-or-treat hours on Halloween.

For those who are still concerned and want to by-pass offenders homes here is a link to a searchable database of Home and Work Addresses for Registered offender.


This year’s official trick-or-treat hours in Bloomington, Ellettsville and the rest of Monroe County are 5:30-8:30 p.m. on Monday, Oct. 31.


Please Trick-or-Treat Safely.

Trick-or-treat Safety tips from the CDC
Sexual Predator Safety tips from Monroe County

Sunday, October 2, 2011

Does your Agent Have a Side Job??



"Theresa, Is this video really applicable to today?
Aren't agents making money left and right? After all they get a big chunk of the sales price, right?!?"

Well, I hate to break it to you... Selling Real Estate is hard!
To be honest, most agents need a side job to be able to stay above the poverty line.
Don't Believe me? Let's look at some numbers.


Here's a look at some basic numbers:
2011 HHS Poverty Guidelines
Persons
in Family
48 Contiguous
States and D.C.
AlaskaHawaii
1$10,890$13,600$12,540
2 14,710 18,380 16,930
3 18,530 23,160 21,320
4 22,350 27,940 25,710
5 26,170 32,720 30,100
6 29,990 37,500 34,490
7 33,810 42,280 38,880
8 37,630 47,060 43,270
For each additional
person, add
   3,820   4,780   4,390

Okay, Let's say our hypothetical agent is a family of One.
How much volume does one agent need to sell to be above the poverty line?

Assumptions:
1) They work in a traditional Real Estate Firm that starts the commission splits at 50/50  
2) The agent has no other out of pocket business expenses like Marketing and Advertising.
3) The average commission on each sale is 6% which is split between the listing and selling broker 3%-3%

If we want to find the sales volume needed to
 make $10,890 in commission we must first divide it by 3%
$10,890/.03 = $363,000
But then we need to account for the Firm's 50/50 Split
$363,000/.5 = $726,000

To be AT the poverty line as a family of one, the agent must sell $726,000 a year.

You say "Oh but that's easy... aren't homes selling at $300,000 a pop?"

Actually in our market, last year's Average Sales price was $166,271.
That means our agent would need to sell at least 5 homes to be above the poverty line.

You say...
 "I see tons of house for sale, so they must be making it up with lots of volume"
Actually, Last year only 1,335 homes sold
You might think that's a lot
but...
There are roughly 426 Agents in town.
If all agent sold an equal amount of homes, each agent would only sell 3 homes per year and every agent would be living in poverty.

We know life is not fairly distributed, some agents are just better than others...

"So how many agents actually sell over $726,000 per year?"

Good Question!

In 2010, only 167 agents sold more than $726,000!
Which means 259 other agents in town either lived in poverty, had side jobs, or were so wealthy they didn't need money.


Friday, September 30, 2011

Where's my Real Estate Coupon?

I was recently asked....



How Flexible are prices?

Good Question. The official answer... the Property selling price is always subject to the negotiations between buyer and seller-- which is why I strongly suggest one of the best qualities you look for in an agent is good negotiation skills.  That being said, it is hard to say for sure that you can get a specific percentage off with out consideration of things like seller motivation, remaining mortgage balance, and property condition. However, over all, our market statistics depict a market in which properties are selling at about 94-96% list price to value.

Keep in mind that your best “30-50 percent off coupon” in our market today is the interest rate at which you will get your mortgage. 5 years ago we were looking at 6-7% interest.  Today were are seeing under 4% rates. In the long run, that my friend, is your ticket to a great deal!

Thursday, September 29, 2011

Twitter, twitter, twitter

Hello It's me again.

Can't get enough of me?  Want to get to know me a little more personally? Want to follow my every move (although I doubt that I'm as important as Lady Gaga or Justin Beiber)... guess what... I'm on Twitter!


Twitter: TheresaSicinski
or
Text follow TheresaSicinski to 40404 (Standard carrier charges apply)

Tuesday, September 13, 2011

Historical Home Sales Data

Want to see my numbers?

eeekkk... I feel like you're going in to my underwear drawer.... But here it is...
P.S. If you want an updated copy just Email Me.

Say What?!? Click the picture for a larger version.
If you want your own up to date PDF copy of this historical market data... 
Call Me 812-671-0060

Saturday, March 12, 2011

HT Online Crime Database

Moving to Bloomington from out of State? DO NOT buy a house until you have Viewed the Herald Times Online Crime Database. It costs $7 bucks a month for online access but will give you peace of mind. Transitioning to a new city is challenging BUT finding a great neighborhood shouldn't be.

Email for a Free Relocation Package filled with more great tips on Relocating to Bloomington.