Hello everyone. Big news this week with the announcement of the bailout. I think I'm going to reserve judgement for a while to see how the whole thing plays out. I will say again that this is an excellent market to buy in. There are opportunites all over the place and if you were on the fence about whether or not to do it, my only question is what you are waiting for? Give me a call if you would like to discuss this issue further or if you know anyone who could be in the market.
Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.
The numbers for Southern IN are as follows as of Sunday, October 5, 2008:
Active Listings Stats
Last 30 Days Stats
Last 12 Months Stats
*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days
+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold
Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.
Yesterday while posting the market numbers for Southern Indiana Real Estate, I said that I am really excited about opportunities I see for both buyers and sellers. Today I'd like to expand on that a little bit, but from mainly a buyer's point of view.
I think it is safe to say that most people know we are in a challenging real estate market right now. There has been an above average number of foreclosures and home prices have dropped on the national average over the last year or two. Neither of these things are good and they aren't what we like to see.
With that said though, no one ever talks about a few things that I'd like to point out here today. The first being that our market here in the Midwest and more specifically, Southern Indiana, is a much more stable market than some of those around the country. While we didn't see the dramatic price increases during the "Real Estate Boom", we also didn't see the dramatic decreases when the "bubble burst" either. Our market has proved over time that real estate was, is and in my opinion always will be a great investment opportunity.
The second thing I want to talk about is the foreclosures and other investment properties. So often when I hear of people wanting to get into the investment side of real estate, it is on the "flip" side. That means they want to buy low, fix it up and then sell high for a profit. This is a good way to try and make money quickly. The only problem with that is again the fact that we live in a much more stable market. Their is much less room for error than there is on any the real estate shows you see on TV. The margins that they have in some of those areas compared to those we have here don't really compare.
What I try to talk to people about is a different side of investing. If there was ever a time to buy property to hold onto, now is it! If history has proved anything, it is over time our market will continue to climb. Combine that with the fact that there are some unbelievable buying opportunities out there (ie. foreclosures, relo homes, etc.) and I can't think of any good reasons why you wouldn't want to do it. Some will say they don't want to mess with tenants or something to that effect. I say phooey! If you know that is part of it and you have to deal with it up front, you will be able to handle it and will probably be surprised by how easy it can be. Plus, if done correctly, and you are cash flowing money every month, those tenants won't seem to get to you near as much as you thought they might.
Folks, think of it like this. If you don't do it, somebody else will. And they will be the ones reaping all the rewards from them taking their chance when opportunity came calling. Wayne Gretzky probably said it better than anyone else when he said "You miss 100% of the shots you don't take.
If anyone would like more information or has questions they would like answered, please don't be afraid to call or email me. I would love to hear from all of you.
***EDIT***
I almost forgot, these are some lists of homes in the Southern Indiana area that currently have tenants in them. What a great way to get started, buy a house that is already making money!
Hello everyone. Thanks again for stopping by and checking out my blog. What a week it has been. I know there are a lot of people concerned about the market and what is going to happen. But I have to tell you that I am really excited about some real opportunities for both buyers and sellers. Give me a call if you would like to hear more about them.
Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.
The numbers for Southern IN are as follows as of Sunday, September 28, 2008:
Active Listings Stats
Last 30 Days Stats
Last 12 Months Stats
*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days
+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold
Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.
Hello everyone. Thanks again for stopping by and checking out my blog. I hope everyone's power has been restored by now and we can all start the cleanup so things can get back to normal.
Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here. As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.
The numbers for Southern IN are as follows as of Sunday, September 21, 2008:
Active Listings Stats
Last 30 Days Stats
Last 12 Months Stats
*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days
+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold
Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.
Greetings everyone. Well what a week here in Southern Indiana. I know there are a lot of people still without power (including myself). Unlike most of you though, I still have power running to my house. With that said, we decided to turn it off in the house because our electrical box was pulled off the house by a tree limb. So while most people are waiting for Duke Energy to turn their power on, I'm waiting for them to turn it off! That sounds crazy doesn't it?
Anyway, I didn't want to miss putting up the numbers for this week. Below are the numbers for the Southern Indiana Area. You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.
The numbers for Southern IN are as follows as of Sunday, September 14, 2008:
Active Listings Stats
Last 30 Days Stats
Last 12 Months Stats
*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days
+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold
Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River. Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.
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Serving all of Clark, Floyd, Harrison, Crawford and Washington Counties in Indiana including Jeffersonville, Clarksville, New Albany, Sellersburg, Floyds Knobs and others for all real estate needs.
My name Brett Mumaw. I was born in Jeffersonville and raised in Floyds Knobs. I attended St. Mary's of the Knobs elementary school and church. I am a graduate of Floyd Central High School and was a member of the 1994 IHSAA Runner-Up golf team. I also attended Ivy Tech State College. I worked as an assistant golf professional at Hidden Creek Golf Club in Sellersburg. While working there, I was an apprentice in the PGA of America's Golf Professional Training Program.
I currently live in Clarksville with the most important person in my life, Chasidy. Chasidy has worked for Samtec, Inc. in New Albany for almost a decade. We have two boxers that are like our children named Ali and Brodie. They are very energetic and full of love. I enjoy playing golf, taking the dogs to the park or just hanging out with friends or family.
Designations & Certificates
Memberships
Jason, New Albany, IN - Brett's honesty, professionalism and assertiveness more than exceeded my expectations.
Tyler, Louisville, KY - Brett really goes out of his way in helping me find what I need. I'm an investor who's time is very valuable. Brett makes it much easier to find what I'm looking for.
Sarah, New Albany, IN - Brett, I can say nothing but good things about how you helped us. You were always sending us listings and you were on top of it when it came to showing us houses. For example, one time you showed me that vacant house at 10pm on a Sunday, because that was the only time that I could do it. You didn't hesitate you took me right over there. You are a great Realtor and I would refer you to anyone.
Jenny, New Albany, IN - Without Brett's patience and advice I don't think I would have found the house I have fallen in love with. Being a first time home buyer I didn't want to rush into the first thing I saw and Brett helped put me at ease and didn't pressure me into anything I didn't want. It was a pleasure working with Brett and I would recommend him to anyone who needs a good Realtor.
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