Peering Into The Future - What's In Store For 2013

The Central Indiana housing market has had a better year.  Sales are up, values are up and inventories are down.  So what's that mean for the year ahead? First, who ever wins the presidency in the short term will have no influence on our housing market.  Rates are being held down, yes artificially but still historically low. Rates and job security are the two biggest factors driving our housing market.  As long as there is some level of growth in the overall economy and rates are close to where they are today, central Indiana homes will sell....with an asterisk. Home buyers are still very picky. To get your home sold at the highest value you MUST have a product that meets the demands of the market.  It must be very well cared for and in neutral condition and have an updated kitchen with stainless appliances and in most cases granite counters. Hardwood floors are still a huge draw provided they're not damaged or scratched.  It must be clean. CLEAN CLEAN CLEAN. Even a hint of a bad pet odor or a bath/kitchen area that seems dirty and you will cost yourself money.  Here's the bottom line.  Get GREAT counsel to help you get ready and then do exactly as they prescribe because next year there will be fantastic opportunities to buy (with great rates) and sell (with inventory being down). The summary prediction:  2013 will be the most active in the metro since 2006.  What can we do to help you get ready?
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