February 24, 2012

Short Sales- For Buyers

Posted to Jeremy Page

There are many things that you need to know about short sales. A quick definition for a short sale is when an owner owes more on a house than it is worth and must sell due to a “Hardship.” In a short sale the lender that holds the mortgage allows the seller to sell the house short of what is owed and the lender takes the loss. This type of sale requires cooperation from a seller, short sale lender, buyer and the buyers lender.

The buyer of a short sale must be aware that it could take months to even hear back if an offer has been accepted. They also need to be responsive throughout the whole buying process. Banks often times take a long time to respond but then want something done by the buyer/buyers REALTOR/buyers Lender right away. There is also a risk of waiting months for a response only to have it denied or worse accepted at the beginning and denied later. A short sale can be a good opportunity for a buyer to get a better price but is not an option for someone who is needing to move quickly or on a certain timeline.

The buyers agent on a short sale must be a knowledgeable and hard working agent. The REALTOR representing a buyer needs to be in constant (weekly) communication with the listing agent. The agent must be experienced in the short sale process to be able to keep the buyer and the buyer’s lender informed. As I mentioned earlier the short sale lender may require items from a buyer or the buyers lender quickly.

Are you thinking about buying a home? Give me a call/text at 317-413-5311 or email me at for more information. We can discuss your particular situation and see if buying a short sale might be a feasible option for you.

Posted by:  Jeremy Page



February 22, 2012

Short Sales- For Sellers

Posted to Jeremy Page

There are many things that you need to know about short sales. A quick definition for a short sale is when an owner owes more on a house than it is worth and must sell due to a “Hardship.” In a short sale the lender that holds the mortgage allows the seller to sell the house short of what is owed and the lender takes the loss. This type of sale requires cooperation from a seller, short sale lender, buyer and the buyers lender.

The seller must be willing to cooperate with the short sale lender and provide them with all of the documents they request to approve the short sale. Keep in mind that keep good records of when you send something to them and keep a copy in case you need to resend it. Lenders are notorious for not receiving documents or having the misplaced. Selling a house short can be less damaging to a owners credit than a foreclosure and banks are starting to work better with these type of sales. In fact under some circumstances they are incentivizing owners to stay in the house to take care of it until the short sale is complete.

The listing agent on a short sale must be a knowledgeable and hard working agent. Short sales take a lot of work from the REALTOR and they must be willing to spend a lot of time on the phone with the lender to help get things approved and move forward with the sale. The agent must be conscious of the timelines as often times the bank doesn’t respond until after the deadlines, sometimes even after their own deadlines.

Do you have a house you would like to sell but owe more than what it is worth in today’s market? Give me a call/text at 317-413-5311 or email me at for more information. We can discuss your particular situation and see if a short sale might be the best option for you.

Posted by:  Jeremy Page



February 20, 2012

Tips for Home Buyers

Posted to Jeremy Page

With interest rates at all time lows now is a great time to buy. However, there are some things to keep in mind when buying a home. It is an exciting time and can be very financially beneficial, but you want to make sure you stay within your budget and have a good agent to guide you through the home buying process.

One of the first and most important steps is to talk with a good local lender so you can find out how much you can afford. It can be heartbreaking to find a home you fall in love with but then can’t get financing to purchase it. I have several great lenders that could help you out. Once you find out what you are pre approved for you need to make sure that you are comfortable with that monthly payment. Also, keep in mind other additional expenses that come with buying a home. Most of the time a loan officer will include an estimate for property taxes and insurance in with your estimated monthly payment. However, typically those estimates don’t include things such as utilities and savings for future repairs.

When looking at homes it is a good idea to make a list of “negotiable items” and “non-negotiable items.” You might need to be flexible on some of the smaller things but don’t want to “settle” on the things that are important to you. Also, when you are looking at homes try to look beyond paint colors, wall paper and personal belongings in the home. Most of the time these things can be easily fixed after your purchase to “make it your own.”

For more information or a list of properties in Central Indiana that are available in your desired price range and location call/text me at 317-413-5311 or email me at

Posted by:  Jeremy Page



February 09, 2012

Real Estate Activity is Booming in Central Indiana

Posted to Boone County Indiana, Jeremy Page

The inventory is still low and buyers are active. If you are thinking about selling your house in the spring, you might want to get a head start and get it on the market now. I am a local expert in the Boone, Hamilton, Hendricks and parts of Marion Counties here in Central Indiana.

For a free no obligation discussion about selling your house give me a call/text at 317-413-5311 or email me at .

Posted by:  Jeremy Page



February 06, 2012

Graduate of REALTOR Institute

Posted to Jeremy Page

I have now received my designation from GRI and have the letter to prove it! After three years of hard work to earn this designation I was able to complete it in October of 2011. If you are thinking about buying or selling a home you need an agent who is committed to their career and their clients. Earning this designation is just one way I show how committed I am.

Posted by:  Jeremy Page



February 02, 2012

Super Bowl is Here in Indy

Posted to Jeremy Page

The activity around the city has really picked up! Many people are getting to see our great city and Indy is exceeding expectations. I have participated in some of the events for the big game. In fact I was able to go to Media day and interact with the players and celebrities. This year there were over 5,000 media credentials handed out so it was a crowded field. For the first time ever there were also tickets sold to 7,000 fans to experience this Super Bowl event.

I encourage you to go experience downtown and the areas around the stadium. You might want to check out www.indianapolissuperbowl.com before heading downtown for information about what is happening and road closures. Enjoy this time where our city is highlighted for the world to see!

Posted by:  Jeremy Page