A Seller’s Market? Let Me Explain.

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Homes in our market that are priced right and in good condition are selling extremely quickly…and sometimes buyers are facing multiple-bid situations. Because the inventory in Pendleton is rather low right now, some sellers are receiving multiple offers. And, more than half of the homes closed in May sold in less than one month!

supply and demand

Here are a few suggestions to make your offer acceptance-ready:

Don’t Wait. When you are shopping for a new home, be prepared to make an offer if you love it when you see it. By delaying on an offer, you’re allowing a window of time for others to see the home…and make their offers.

Be Pre-Qualified. Show sellers that you have loan pre-approval…you can even ask your lender for a loan pre-approval letter. This is a strong asset to have on your side and will show the buyers you’re more than ready to meet them at the closing table.

Have Money in Your Hands. Having your earnest check at the showing will give you an advantage over someone who has not yet completed those steps. Be prepared to put more money down than required will show the sellers that you are seriously committed to your offer.  Since the earnest check is included in your down payment, this is just money you would have paid anyhow.

Write Your Best Offer. First. Offer your highest price. Make your offer attractive…and maybe a bit above list price. As your Realtor, we will do a comparative market analysis to determine pricing. We will watch the comps on the market to be sure the seller isn’t deliberately setting a price below comparable sales hoping to generate multiple offers. Paying a little extra doesn’t necessarily mean you are paying over the market value.

Be Flexible on Closing and Move-Out Dates. By giving the sellers time to move out, you allow them time for their new home to also close. Juggling multiple closings is tough if you are selling and buying at the same time…and even trickier if the sellers are doing the same.

Shorten or Waive Some Contingencies. Always get a home inspection…but tighten the time period. If your loan is solid, you could consider waiving the loan approval contingency.

So, in today’s competitive market, reply upon your Realtor for expertise and advice in writing a solid offer…the first time…and make your dream home yours. Contact me today to get started in your home buying or selling! Connect with me on Facebook to see the latest listings!

My Team Is Growing!

I am so pleased to announce the addition of two new Real Estate Agents and an Operations Manager to our team! Welcome Real Estate Agents Rachel Ellis and Melissa Young and Operations Manager Cherri Enea.

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A little bit about them:

Rachel Ellis, a lifelong resident of Madison County, has been making the dream of home ownership a reality for many buyers and sellers since 1999. Her success in real estate is due to her passion, experience, professionalism and commitment to serving buyers’ and sellers’ real estate needs. Her desire to build a lasting relationship with her clients is based on honesty, integrity and trust. Rachel is married and has three children.

Melissa Young, a longtime resident of Pendleton, is a Ball State graduate with a degree in marketing. She found her passion for real estate 13 years ago when she began buying and selling real estate. Melissa has been a member of Pendleton Christian church for eight years. Her passion for helping people achieve their dream of home ownership is something that constantly motivates her to stay on top of the ever-changing market. Her team of professionals and her network of lenders and inspectors make buying or selling a home a smooth and enjoyable process. Melissa is married to her high school sweetheart and has two children.

Cherri Enea, is a lifelong resident of Pendleton, brings over 25 years of administrative experience to the team and is always looking for a better, more efficient way of doing things. She is a firm believer in “excellence in service” and goes above and beyond for clients and co-workers alike. She enjoys spending time with her family, drawing, crocheting, singing with the church choir and Karaoke. She is the wife of retired USAF MSgt, now Marion County Sheriff’s Deputy and Reserve Pendleton Police Office. She has three daughters and one grandchild.

The housing market is HOT right now! Homes are selling quickly…and demand is high! Contact us today to learn more about our team, our expertise and allow us to help you find the home of your dreams! Follow us on Facebook to keep up-to-date on the latest homes for sale!

There’s a New Truck in Town!

Have you had a chance to see the new rescue truck that was added to the Pendleton Fire Department last week?

PFD engine

Take a stroll down Broadway when you’re headed to the June Jamboree this week and peek through the windows of the station! This red beauty is known as Rescue 84.

Rescue 84 is a top-of-the-line rescue truck that has been added to the fleet of PFD vehicles. And for those of you curious about the price tag on one of these high-tech machines, this rescue truck weighs in at around $630,000! The town of Pendleton and Fall Creek Township purchased this incredible truck which replaces one that is around 20 years old.

Did you know that when a new vehicle is added to PFD, it is dedicated to someone deserving…or in this instance two deserving people? Rescue 84 has been dedicated to former Chiefs Lee Gardner and Kurt Kahl, who combined, served the Pendleton Fire Department for more than 50 years. In addition, Gardner was just named Chief Emeritus. Kahl was Chief for 19 years.

It’s an exciting time at the Pendleton Fire Department…be sure to stop by to say hello and check out the new Rescue 84!

As a Realtor serving Madison County and beyond, Pendleton Real Estate Pro offers home buying and listing services with years of expertise. Connect with Pendleton Real Estate Pro on Facebook to keep up-to-date on listings, home buying and selling advice and all the goings on in the community!

*Photo courtesy of Pendleton Fire Department’s very own Chris Gardener.