Blast from the past

One of our favorite things about selling real estate is getting to look at all the amazing homes around Indianapolis.  Especially in Midtown, there are always homes we view that surprise us.

Just the other day, we were previewing a home for one of our clients and stepped right onto a set from Mad Men. The home was in really good condition….it just looked like it hadn’t been touched since it was built in 1951. Pink and black bathtub and toilets, wide foyer/hallway entry with honeycomb tile, all kinds of vintage chandeliers, limestone fireplace, shag carpets, velvet wallpaper…. and the biggest blast from the past: a built-in tube television.

Definitely needs some cosmetic updating, but the layout is amazing and it could be the coolest ranch home in the area.

Contact us if you want more info on this home, or any home in the Midtown market!

builtin tv

-Indy Scene Team, “We Sell Midtown!”

What’s a buyer’s agent?

We see it all the time. Buyers driving around from house to house, calling multiple phone numbers they see on “For Sale” yard signs, asking multiple agents the same questions: what’s the price? how many bedrooms? what’s the square footage? etc. etc.

That’s all good if you are a causal shopper, asking info about homes that you are curious about. But if you are serious about buying a house in the near future, that is not the best use of your time.

It’s in your best interest to find an agent, ONE agent, who can represent you as your buyer’s agent. They will listen to what it is you are looking for, and use that criteria to find the best possible home for you. If the agent is a member of MIBOR (Metropolitan Indianapolis Board of Realtors), and most agent’s are, they have access to every house that is available on the market. They can set up showings for you and take you to view as many homes as you’d like.

This is better for a couple reasons:

-It saves you time. Instead of calling each listing agent for homes you are interested in, you just have one point of contact who can do the research for you.

-When you call a number on a sign, you are calling the listing agent, who represents the seller. If you end up buying that home, then the agent would be representing you AND the seller.  A listing agent CAN represent both a seller and a buyer on the same deal, as long as both parties agree to it in writing. This happens all the time, and it happens successfully, but do keep in mind that there is a conflict of interest and it can sometimes get sticky.

Our recommendation is to research agents who are experts in the area or neighborhood you want to buy in. Look at the testimonials on their website or Zillow profile. Even better, if you know someone who has recently bought a home, ask them who their agent was and if they liked them.

One last thing- as a buyer, you don’t pay anything to your agent. Your agent get’s paid by the listing agent when you close on a home. Yay!

Happy house hunting!

~Indy Scene Team

Inside scoop on 317 Burger, coming soon to Broad Ripple!

Indy Scene Team has the inside scoop on the newest restaurant opening soon in Broad Ripple! And from what we’ve heard so far, it’s going to be the next hot spot! Brought to you by the restaurateurs of Delicia, Usual Suspects, and The Northside Social (to name a few), this new one is sure to be a crowd pleaser as well.

317 Burger, located where Ambrosia used to be at 915 Westfield Blvd., will have a menu full of….you guessed it, burgers galore! PLUS, gourmet BLTs, fries (can’t have a burger place without fries!), and some other delicious menu items we’ll have to wait for.

Sit on the restaurant side for a nice sit down meal (families are welcome), or on the bar side for some drinks after work!Their bar will have craft beer continually rotating on tap, so you never know what tasty treat they’ll have when you pop in for a cold beer.

You can find them on Facebook here, or on Twitter, @317Burger. They are currently hiring, so send them a message if you’d like to apply.

We look forward to eating there soon!

Interest rate predictions straight from the lender’s mouth

A few days ago, Indy Scene Team sat down with a mortgage lender, and naturally, drilled him with questions.

We asked one very important question that homebuyers everywhere are wondering: “Where do you see interest rates going in the immediate future?”

Everyone knows that interest rates have slowly but surely inching up the past few months. As of two days ago (Aug. 28th), a 30 year conventional mortgage was at 4.5%, and a 30 year FHA loan was 4.25%. Christie just bought a house at the end of March, and got a 3.75% interest rate on a 30 year conventional!

According to our friend the mortgage lender, the interest rates will likely hit 5% by the end of the year. First quarter of 2014, they may rise a bit more and hover around 5.25%. Will they go down again after that? Only time and the economy will tell. But for now, if you’re on the fence about buying a house, and really want to avoid paying a 5% plus interest rate, now is the time to buy!

interest rates