Indy Realtor's Blog: Indianapolis Real Estate

Rebate Real Estate in Indianapolis is proud to announce that we will launching the first ever Indianapolis Foreclosure Bus in the area.  Similar bus tours have been offered by other real estate agents across the nation, but none in the Indianapolis area.  Rebate Real Estate is taking the lead is this and many other areas and is offering a FREE bus tour of the area’s best foreclosure deals in Indianapolis.

The inaugural bus tour will be offered July 12, 2008 starting at 1PM and will visit between 10 – 15 foreclosed homes for sale in the Indianapolis area.  The meeting place and route are TBD as we will be taking input from our registrations in order to best meet their needs.  

The tour will not only include a free visit to hand selected foreclosed…

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The Indianapolis condominium market is about to become even more of a buyer’s market; with over 1,000 units either recently built or under construction competition is getting fierce and prices are being reduced.  This situation is not unique to the Indianapolis area as developers across the country face the same situation.  Many condo projects were started several years ago during the real estate boom and have yet to be completed leaving developers with unsold units and a changed marketplace.  While some condos are being converted to rental units, there is still a huge supply of condos on the market.  According the National Association of Realtors, the U.S. finished 2007 with enough condos to absorb 10 months of demand; and with more and more projects…

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The spring Indianapolis Parade of Homes is taking place over the next two weekends April 26 and 27 and May 3 and 4 from noon to 6:00 PM as is being billed as Indianapolis’ largest open house.  The Indianapolis Parade of homes will feature over 120 new homes from various builders and price ranges.  Custom home builders and production builders alike with partake in event and all of the homes are for sale, except certain model homes.  There is no charge for the event, all you have to do is pick up a Parade of Homes guide and hit the streets. 

IMHO, the neatest part of the Indianapolis Parade of Homes is seeing the homes being built by the custom home builders and smaller builders that may not have regular model hours.  In any case, if you are considering…

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The new upscale condo project in the Keystone area Renaissance Bay is ruffling some feathers with its some its neighbors over the future use of the current sales trailer.  Some of the neighbors are in a tizzy because after the initial plan for Renaissance Bay were approved; the developer acquired an additional piece of land north of 78th street and is currently using that for their sales center. 

The neighbors are concerned that once the sales center is no longer needed they will either build who knows what on the property or sell it to a third party to build who knows what.  They are also arguing that the land is not currently zoned for the commercial activity the developer is currently using it for.  The neighbors and the city council would like to…

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What seems like forever ago, I wrote this post about the totally screwed up tax situation in Indiana and especially Marion County.  After much haggling and debate, our beloved Indiana lawmakers finally passed some meaningful tax reform.  This past Friday the State House and Senate voted into law Act 1001 which, theoretically, will change Indiana’s tax system forever. 

What does this mean for my property taxes?

-    This year the average tax bill will drop by an average of 30% thanks to additional homestead credits.
-    In 2009, your tax bill will be no more than 1.5% of the assessed value of your home.
-    2010 and on your tax bill will be no more than 1% of the assessed value.
-    Rental properties and farms are capped at 2% and businesses…

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I am not, nor do I claim to be, any sort of SEO expert.  Quite the contrary, I am a SEO novice, or is it a beginner?  Whatever it is, I feel like I know just enough to enough to be dangerous.  I have not had much time to dedicate to the greatest real estate agent in the world contest because, thanks in large part to an awesome new REW IDX, I am busier than ever selling real estate.  I try to take in as much SEO knowledge as possible, but quickly get overwhelmed by how much there is to know and how fast it changes.  I read several blogs everyday and try to glean as much information as my tiny brain will allow, but yet I still feel overwhelmed and confused.  With the competition getting stiffer and more crowded, I feel halfway decent that I am 15th-ish in…

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The Indianapolis real estate market statistics for February 2008 are either depressing if you are a seller or lick your chops exciting if you are a buyer. Here is a quick snapshot of what happened on the Indianapolis real estate market in February 2008:

  2006 2007 % Change Active N/A 9080   Homes Sold 910 648 … Read Full Post

The Indianapolis real estate market currently has 9116 homes on the market.  With spring right around the corner, now is a great time to purchase a home in Indianapolis and get a great deal.  Here is snapshot of what is available as of 2/27/2008:

Indianapolis Homes on the market: 9116
Highest Listing Price: $3,490,000
Average Listing Price: $153,570
Average Days on Market: 126

Compared to other part of the country and even other part of the greater Indianapolis area, these homes represent a tremendous value.  The affordabilty of Indianapolis homes is truly astonishing.  If you are even thinking about buying a home in Indianapolis, now is the time. 

If you would like to search all Indianapolis real estate for sale, visit our website for the…

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