Market Watch April 2015

Central Indiana home sales up nearly 9 percent year to date Inventory tightens by 3.2 percent; Sale prices increase more than 5 percent year-to-date INDIANAPOLIS – With 2,912 pended sales in April in Central Indiana, overall year-to-date home sales are up 8.9 percent compared to this time period last year, …

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Mistakes to avoid when buying a home

1) Do not quit your job or change jobs during the mortgage process When you qualify for a mortgage loan, a major component is your income level. Even getting a promotion with higher pay at the same company could require you to start the process over at the beginning. The …

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It isn’t just about the sale price

When I’m working with a buyer, they have a certain amount budgeted for their monthly payment, which will vary widely depending on purchase price of the home, how much they put for a down payment, taxes, homeowner’s insurance, and mortgage insurance (when applicable). We refer to this as PITI, or principal, interest, …

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Buying a TV

Let’s say you walk into your local electronics store – call it Pinnacle Purchase – because you want to buy a television. You walk down the aisle, checking out all of the features, pushing the buttons, flipping through the channels. Lots of shiny toys to play with. Finally, after a …

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