There were so many reasons why I was so excited to sell this adorable cottage in Carmel, Indiana. I mean, look at how cute it is! Talk about ‘curb appeal.’ And wait ’til you see the backyard. The owner was a master gardener and she and her husband devoted many, many hours to creating a gorgeous English-style garden in the backyard.
And they were equally meticulous inside the house and had taken exceptional care of the house. This couple built the house in 2003 with Estridge Builders and added some well-thought out features when they designed it. They extended the footprint of the master bedroom and added extra windows for more natural light. They increased the size of the laundry room and included a large storage closet. They used solid wood for the floors, added crown moulding in the great room and used French-style doors on the den. Since the original build, they updated the master bathroom with a walk-in shower, granite counters and Kohler accessories. This house was a real gem on Carmel’s east side and it was close to schools, shopping and dining.
The owners loved to travel and fell in love with the western landscapes of Arizona. On a recent vacation they looked at some homes for sale and, on a whim, decided to make an offer on one. The offer was accepted and it was time to fully embrace their retirement out west.
I was so thankful for the opportunity to sell this house and I am so happy for my clients who got a chance to fully realize their retirement dreams. If you are ready to give up Indiana winters and move to a warmer client, give me a call. I’d love to help you sell your house!
© 2019 McCoyMovesYou
A client of mine recently had a mechanical failure and, after the first diagnosis, they thought it would not be covered by their home warranty. After I found out about it, I got my HSA client rep involved and got my client a second opinion. It turned out to be a wonderful home warranty success story! I want to share the results, because I know some consumers are skeptical about home warranties. Watch this video to see how my client saved about $5,500 on a home repair!
I don’t know about you, but my kids have been home for two days with all activities cancelled due to the cold weather. They are climbing the walls! Open a box of crayons and let them color up some warm thoughts of sunny days ahead! Print the .pdf and take their minds off of their entrapment at home. Cabin fever be gone!
Don’t get cabin fever this year! Put these cold winter days to good use and get a head start on your home improvement list. Here are a few ideas that you can knock off your list over the winter.
To Do List:
Upgrade your thermostat
Add insulation to your attic
Freshen up your interior paint on your ceilings, walls and trim
Add tile backsplash in the kitchen or bathroom
Seal leaks around your doors, windows and electric and light outlets
Replace the hardware on your doors and switch plates
Update your lighting fixtures
None of the aforementioned projects cost a ton of money and you can find all the materials at your local hardware or big box store. If you like the idea of these projects, but aren’t into DIY, give me a call and I can point you in the right direction to a qualified contractor.
Don’t let winter get you down. Get busy inside your house this weekend!
I’m gonna try to keep this story short. Lord knows the process was anything but short, but that’s how it goes in real estate sometimes.
A friend of mine called me in the fall of 2017 about helping him sell a rental property and, of course, I jumped at the chance. On the surface the selling situation seemed easy. He was going to sell the house to the tenant. Perfect!
Make it Your Own
The five-bedroom house was on a cul-de-sac in a quaint neighborhood on Indy’s northwest side. The tenant and her family lived there for more than five years and had put a lot of sweat equity into the house. Not only did they maintain it like they were the property owners, but they finished the basement with their own hands and money. I was so excited for this family to take ownership of this beautiful home that they loved so much. Unfortunately, the tenant family was financially challenged and it made taking ownership of the house very difficult.
The tenant told me she was pre-approved by a bank in Michigan and she would send me the pre-approval letter. The letter didn’t come quickly, so I took matters into my own hands and reached out to the mortgage banker myself. He was hard to get a hold of and made promises of delivering a pre-approval letter that never came. I grew more and more suspicious after Googling this banking outfit and found nothing. When I looked him up in the NMLS, his license number was registered to a woman in Utah. What?!?! He finally sent me a pre-approval letter and because of all of my suspicion, I shared it with one of my friends who is a reputable mortgage loan officer in Indianapolis. He confirmed that the letter quoted financing programs that didn’t even exist and the fine print stated that the applicant still needed to apply for financing. So the letter was just a notice of possible financing, not actual financing. Every time I turned, there was another red flag. As much as I wanted to sell this house for my own benefit, I couldn’t let this family be taken by a fraudulent outfit in Michigan.
The reality was that the house they lived in and they loved was not affordable for their current financial situation. I talked to them about buying another house in the same school district that would be easier to finance, but they wouldn’t hear of it. I introduced them to Home Partners of America, where they could rent-to-own the house they already lived in. They were also not interested in that option. I was running out of ideas to make this work and they were falling behind in rent. The situation grew more and more dim every day.
Light at the end of the Tunnel
The light finally shined on this family when a relative stepped in to buy the house and agreed to lease it back to them. It was a win-win situation for everyone involved. The relative was buying a fantastic investment property with a longterm tenant who loved the property. And, the tenant and her family got to stay in the house that had been their family home for so many years.
After seven months of back and forth, my client finally got to sell his rental property. It didn’t come easy and it took patience and persistence, but we finally got it done!
If you are considering buying a new home, I’d be happy to recommend a reputable mortgage professional who can help you evaluate your financing options. Call me today to get started!
Dream House Search
This story started with a dream to find a house on a wooded piece of land that had a barn and water to fish or kayak. This is Indiana. We have lots of barns around here and plenty of creeks, streams and ponds in the area. This search should be easy enough.
This particular client had a healthy budget and they were relatively flexible, as to which area they were willing to live. If we found the right house on the right piece of property, they would consider all options and possibly move their daughter to another school system. Talk about a dream client! I had it.
Our search took months and I lost count of how many homes we saw. Every one of the houses we looked at had the right criteria on the surface, but none of them really had the whole package. We looked at a lot of wonky homes that needed a lot of updates; properties that were beautiful, but didn’t have enough elbow room; and interesting properties that had a detracting property nearby. Our search was exhausting and many days, I felt like we were looking for a pot of gold at the end of the rainbow.
We finally broadened our search by just a few miles to an area that is a little more rural, but is also experiencing a lot of revitalization and growth in the community. Wouldn’t you know it, we finally found my clients’ dream home!
This wooded property is just about six acres with an old barn near the house and a creek on the southend. The four-bedroom house is a well-appointed tri-level that was originally built by the owner of a well-known residential building company in our area. The house was built for entertaining with a pool, large patio with a screened-in porch, and wet bar in the basement. The back of the house looks out over the wooded ravine and towards the creek. Large trees shade the backyard and provide plenty of habitat for some of Indiana’s native wildlife, including deer, fox, coyote, rabbits, squirrels and every imaginable species of bird. The old barn is picturesque with plenty of room to store my clients’ work equipment and maybe even make a playhouse in the loft for their daughter. My clients quickly fell in love with this exquisite property and couldn’t wait to make it their own.
The sellers of the property were only the second owners and had raised their family there. They were reluctant to sell the property, because they had so many fond memories over the years, but it was time for them to downsize. The sprawling house and property were just too much for them to manage these days. The sellers needed a little more time in the house than usual, as they were waiting on the construction completion of their next home and they were planning an estate auction for most of their personal items.
As soon as my clients made their offer on this property, we immediately put their existing home for sale. We accepted an offer after the first showing and they had to be out of their current home within 30 days. A quick sale is a realtor’s dream come true, but because of the sellers’ unique timeline for the new property, it really put my clients between a rock and a hard place.
My clients had to honor their contract with the buyers of their current home, but also had to wait out the sellers’ long timeline for the new property. My clients looked high and low for very short term apartment or rental house and I tried to find a vacant listing that one of my associates would let them live in short term. We didn’t have any luck, so my clients ended up in a hotel suite for three weeks. It was not an ideal situation with their daughter and three dogs, but they gracefully accepted the circumstance, knowing that the inconvenience was a small price to pay for their dream home.
So it turns out that searching for my clients’ dream home wasn’t that easy. It took hard work, patience, flexibility, and even a little discomfort to make this dream come true, but it was worth the wait. My clients are enjoying their new wooded playground and are busy making the house their own with some cosmetic interior updates. I am grateful for the opportunity to assist them on their journey!
Well, the New Year rang in as scheduled and everyone is wondering what’s going on in real estate. The inventory remains low for the most part, however in the $200,000-$750,000 price points, there was a slight increase of inventory for the same time period year-over-year. Home prices remain above average and the percentage of original list price is constant from the middle of the year. Watch this video to learn more about the 2018 real estate market in the metro Indianapolis area, including Carmel, Indiana. Happy New Year!