About Hendricks County, IN

Factoring is financing for companies that have too much cash tied up in their commercial accounts receivable. By factoring, your company can immediately receive cash for accounts receivable instead of waiting 30 to 60 days or more, for your customers to pay.

Instead of having your receivables tied up in the billing cycle, factoring allows your company to use that capital to grow, buy inventory, make payroll, take advantage of trade discounts…or anything else that demands your financial resources. Factoring is a simple and fast solution to a company’s cash flow needs.

When factoring your accounts receivable, your company incurs no debt. It merely exchanges one asset (accounts receivable) for another asset (cash). With factoring, there is no interest to pay or principal to repay.

While the history of factoring can be traced back over 4,000 years, factoring became common in the United States at the beginning of the twentieth century in the garment and textile industries. As industry in the United States has progressed, first with the industrial revolution and more recently with the growth of service-based industries, factoring has evolved to keep in step.

Over the last 30 years, factoring has found its way into virtually every industry, largely because of the ease and flexibility which factoring has to offer. Today factoring is a worldwide, multi-billion dollar business.

Our factoring program offers many benefits to companies in a variety of industries. We offer high advances (up to 90% of the invoices that you are factoring), low rates, on-line reporting, credit and collection services to name a few. We have been factoring invoices nationwide for over 20 years and pride ourselves on the quality of relationships we develop with the companies who use our factoring services.

Please contact us to discuss whether factoring is right for your company. We have no application fees and are happy to answer your questions and give you a preliminary quote. Fairydust Lending has teamed up with working capital they have helped hundreds of companies over the last twenty years with their cash flow by factoring their accounts receivable. We look forward to helping you and your company as well.

I dug up some stats out of MIBOR (Metropolitan Indianapolis Board of Realtors) for Avon and the surrounding Washington Township area for the past twelve months, from 10/8/07 to 10/7/08:

For residential (single family and condominiums):

Currently for sale: 515

Average Listing Price: $212,625

Average Days on Market: 140

In addition, the typical listing is a 3 bedroom, 2.5 bath home. 4 out of 5 have at least 1 fireplace and 22% have basements. Homes have an average of 2,244 sf.

Sold in the past 12 months: 838

Average Sale Price: $166,720

Average Days on Market: 84

Home which have sold are 3 bedroom, 2.5 bath homes. 2 out of 3 have at least 1 fireplace and 22% have basements. Homes have an average of 2,330 sf.

This also indicates, based upon number of homes sold versus now for sale, that there is a little over a 7 month supply on the market here. Sellers (and in most cases, their real estate agents) are still placing their homes on the market at unrealistically-high prices, as indicated by the sold vs. active data above.

PRICE YOUR HOME CORRECTLY. You benefit by attracting more buyers, selling faster and for closer to what you are asking.

The average sales price for a home in March was $140,098, which is 2.8% less than March 2007.

Average days on market increased from 91 days in March 2007 to 106 days in March 2008.

By county, pended home sales in Hancock County was 31.6 percent less than in March 2007. Pended home sales in Morgan and Shelby counties were down 5.3 percent while sales in Hamilton and Marion Counties were down 21.2 percent and 9.6 percent respectively.

AVON- HENDRICKS COUNTY - As the spring home buying season begins, pended sales in the nine-county region slipped in March while available inventory showed a slight decline for the first time this year, according to pended sales statistics compiled by CHRIS CASTETTER / F.C. Tucker Company.

March pended home sales were down 14.7 percent with 2,419 homes pending compared to 2,836 in March 2007. So far this year, overall pended home sales are down 10.1 percent from March 2007. Available inventory in March was 18,405, which is 158 fewer homes available than in March 2007.

"While the drop in pended home sales in March is higher than we anticipated based on February's encouraging numbers, available inventory appears to be starting to balance out. "Going into the spring/summer home buying season, we anticipate a sales spike as homeowners get back into the market, which continues to offer an excellent array of homes at affordable prices." www.sellmyavonhouse.com

AVON- HENDRICKS COUNTY - As the spring home buying season begins, pended sales in the nine-county region slipped in March while available inventory showed a slight decline for the first time this year, according to pended sales statistics compiled by CHRIS CASTETTER / F.C. Tucker Company.

March pended home sales were down 14.7 percent with 2,419 homes pending compared to 2,836 in March 2007. So far this year, overall pended home sales are down 10.1 percent from March 2007. Available inventory in March was 18,405, which is 158 fewer homes available than in March 2007.

"While the drop in pended home sales in March is higher than we anticipated based on February's encouraging numbers, available inventory appears to be starting to balance out. "Going into the spring/summer home buying season, we anticipate a sales spike as homeowners get back into the market, which continues to offer an excellent array of homes at affordable prices." www.sellmyavonhouse.com