All posts categorized under ‘Real Estate Perspective’

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Open House Philosophy

Posted on August 8th, 2010 by Richard. Categories: For Home Buyers, For Home Sellers, Real Estate Perspective.

To me it feels something like the opening line for the long-running show Meet The Press on NBC, but adapted to my own reality. “If it’s Sunday, it’s an Open House”. More times than not, you’ll find me for a few hours on Sunday afternoon hosting an Open House somewhere, and today is no exception. Usually I decide about a week in advance if and where I’d like to have an

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Opening Doors

Posted on May 27th, 2010 by Richard. Categories: For Home Buyers, For Home Sellers, Real Estate Perspective.

Later today, a customer will be closing on the sale of their home. So this is on my mind right now. They call it a final closing because all facets of the transaction come together and the transfer of title and sale is completed. But if you see the faces of the Buyer and Seller, and get a sense of what is really going on, the true impact of this event is anything

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Indianapolis Home Values

Posted on March 20th, 2010 by Richard. Categories: Real Estate Perspective.

I saw a presentation locally earlier this year by a well-meaning and experienced real estate professional, who was summing up the residential market for last year to a large audience of people. Among other things, they presented facts about the number of homes that sold and explained how the average price of a home that sold in Indianapolis declined somewhat. Since I follow these numbers myself, it wasn’t a surprise. But what did surprised

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Garage Evolution

Posted on March 9th, 2010 by Richard. Categories: Architecture & Design, Real Estate Perspective.

A garage is something that most of us probably take for granted. But if our cars had to stay outside during weather extremes, we’d appreciate them more. A customer of mine has been looking for a home in an area where most of the homes have garages, but maybe a fifth of the homes do not. Of the ones that do, most of them are detached garages that stand alone from

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Market Activity

Posted on March 4th, 2010 by Richard. Categories: Market Conditions, Real Estate Perspective.

Here’s a graphic representation showing the number of homes on the market in the nine county greater Indianapolis metro area vs. the number of sales there over the last 13 months. The numbers add some general perspective. Comparatively, the market now is slow in relation to earlier months or prior years with record number of transactions…and terrific if you compare to certain months or earlier years with low activity. If you are thinking about selling your home or

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Brokers Open

Posted on February 23rd, 2010 by Richard. Categories: Real Estate Perspective.

I hosted a Brokers Open today at a home I have listed. A Brokers Open is an Open House except only agents are invited. The idea is to have other agents see your listing, gather their ideas on marketing, improve their awareness of it and possibly match the home with one of their buyers either now or the near future. The unusual part for me is that I rarely go to them when other agents have

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Driving the Business

Posted on February 6th, 2010 by Richard. Categories: Market Conditions, Real Estate Perspective.

Sometimes you drive the business…and other times it drives you. That’s just the way it seems that the real estate business works, at least for me. Probably much like any business, the object is to get the phone to ring. I can visit, call, write or email people to contact them or stay in touch. I can host Open Houses, advertise in magazines or on websites, send out mass-mailing campaigns or walk around and