Carmel, IN

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Harrison Painter

Social Media Secret Agent for Hire

(317) 871-1000

*Harrison Painter is a New Media Consultant with GoGladiator Media in Indianapolis, IN. He is creating mass value for people by showing them how to build a brand, and increase business, using the power of social media. Learn about Relationship Management, Interpersonal Micro Branding, Content Distribution, Social Influence, Target Marketing, and Authentic New Media Strategies that will explode your business! There is HUGE opportunity in real estate right now, and it is time to grab your market share. The GoGladiator Media Team is here to help you!

Today, there are 800 homes for sale in Carmel Indiana! If you are thinking about buying one of them, here are five secrets you should know as you begin your search.

• Be sure you have spoken to a lender FIRST. There is nothing more disappointing than looking at homes and falling in love with one only to find out you cannot afford it. The general rule of thumb, and I mean "general" is 2 1/2 times your earnings for your mortgage amount. So if you make $100,000 you can mortgage $250,000. Remember you must have at least 3.5% to put down making your purchase price right about $260,000. This of course all depends on your credit and debt ratios. If you need a lender, let me know. I have three that are outstanding in their business and highly responsive.

• When looking at homes, play the substance versus style game. Determine what things are important to you BEFORE you start to look at a home. If a big yard is important to you, it is a substance item meaning we cannot change the size of the lot. If you want an open floor plan, that may very well be a style item because moving walls can be done. If you know a home won't work as soon as you walk in, move on. Your time is valuable.

• Go by the home you are interested in at different times of the day to understand the neighborhood or traffic patterns for example. If I have a relocation client that is going to work downtown and is looking at a home that must use I69 to reach; I need to be sure they drive that at 5:00 to understand the traffic snarls.

• Look at things other than the layout of the home, look at baseboards, in ovens and at the ceilings, especially the registers. How a seller takes care of visible items gives clues to how they takes care of the home in general. If you are buying a used house, which most people do, you want to be sure it is well maintained.

• Be sure your Carmel Realtor runs the comparables and analyzes the data to the point that YOU understand it. A price per sq ft is a good starting point, but the history on the property is also important. Things like how long it has been on the market matter. I try to be sure I get a list of any updates to the home for the listing agent (likewise I have this ready for my listings). If possible, know the seller's motivation. If they have already bought a house, they might be more apt to negotiating.

Buying a home for sale in Carmel is easy in some respects, the community has great schools, wonderful events and an amazing appreciation rate on homes. But, you want to be sure you have considered these five points before you start!

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Search Carmel Indiana Real Estate by Neighborhood

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Cindy "in Indy" Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775

Click the link below for a Virtual Tour:

		$291,000 3 Bedrooms 3 Baths Sq Ft: 2458 MLS# 2949081
	Condo/Townhouse Like new end unit courtyard townhome overlooking pond/fountain & common area, just minutes to Monon Trail & Central Park. Granite counter tops, oak cabinetry, maple flooring, recessed lighting and GE Black appliances make this large kitchen one you've always dreamed about. Oversized master suite, equipped with large walk-in-closet, cultured marble vanities, garden tub, and the upper level has a laundry. Recreation room on the lower level is perfect for all types of situations and could be used as a fourth bedroom. The lower level walks out onto an outdoor patio.This community is now complete & conveniently located to I-465/Meridian/Keystone. Why wait, when you could own this home of your dreams!

There has been a lot of activity in the Carmel housing market the past few months. Some of the pertinent statistics are:

• 829 Active Listings
• 109 Sold Homes
• Average Sales Price $284,385
• Avg Days on the market: 77
• Avg List to Sales price ratio: 95%
• 143 Pending Sales

What does this information mean? The average sales price is low for the Carmel area due in part to the large numbers of first time buyers in the market buying their homes in the Carmel area. The average 77 days on the market means that homes sell fairly quickly once they are properly priced and in good condition.

The overall outlook for Carmel remains very good. The large number of first time buyers the past 2 months into the Carmel housing market is a great sign as housing markets fix themselves from the bottom up. We expect there will be an increase in sales of homes between 300-400K over the next few months as the recent sales move up to take advantage of the market condition.

Reasons for the stability in the Carmel area are the great schools, the growing arts and design district, the proximity to downtown and the fantastic shopping and dining opportunities!

For specific information about a specific neighborhood in the Carmel area, email our team matt@mattsellsindy.com and request information on a specific neighborhood (or more). We will gladly keep you up to date with actives, pendings and sold homes in any community!

If you are looking to buy, sell, or invest a home in the carmel Indiana area, the Matt Borushko Team would love to help!

This is the monthly Carmel Real Estate Report card. There are currently 822 homes for sale in Carmel Indiana, which is down slightly from last month. Before we talk about the month; let's just recap the first three quarters of 2009.

There have been 906 homes that have sold/closed since January 1, 2009. If we look at the absorption rate, that means about 100 homes sell each month. If we have 822 homes for sale currently in Carmel; we have an 8 month supply of homes. Now, of course this is a very general calculation; if your home were for sale you would want to do the absorption rate for either your specific neighborhood or for the price range you are in to more definitely focus on similar homes. Neighborhoods and price points do vary the calculations.

For September 2009, there were 113 homes that sold, so somewhat better than the average of 100. For the same time period in 2008, there were 105 homes. So 2009 sold more than 2008 for the first time this year! That is awesome news.

Just a quick note on distressed properties, there were 12 this month os about 10%.

The highest priced home that sold in Carmel was $1,006,325 in Grandin Hall which is built by Estridge. It was a 2009 home with 4,400 sq ft and an additional 2,600 in the finished basement. The lowest priced home sold for $85,000 in Homeplace.

The neighborhoods were very diverse, with several neighborhoods having three or four sales this month. Those were Concord Village, Brookshire, Village at Weston and the Village of West Clay.

There were 15 condo's in the 113 homes that sold in Carmel; so to get an accurate price per sq ft and days on market, I've excluded them. The average price per sq ft is $109 and the average days on market were 71. The stats for the Marchant Team are 59 days on the market and our sale price to list price is 96%, so if you are thinking about selling please give this Carmel Realtor the opportunity to win your business.

Search homes with one local phone number

Search homes with YOUR phone

Search Carmel Indiana Real Estate by Neighborhood

Search Carmel Indiana Real Estate by Price

Cindy "in Indy" Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775