Indianapolis Real Estate Market is HOT... Here are my thoughts!
 
The real estate market has been extremely hot the first 60 days or so of 2010.. thanks to the low rates and tax credits.. which are both about to end. 
  
Homeowners waiting to sell to get a higher price later, may need to reconsider.  Now is probably the highest price you will see in a couple years.  It is expected that more foreclosures will be coming to the market soon which will continue to drive prices down.. some banks have been holding off putting their inventory on the market (for several reasons), but 2010 is being called the year of 'liquidation' by the banks and we are anticipating a flood of REO properties during the next 12 to 18 months. 

With the increased inventory of bank owned homes, comes lower prices, thus putting more pressure on prices.  Have a bank owned home in your neighborhood already..  how would you like to have a few more and have those prices as comparables to your home?  Well, the longer you wait, the more likely you will see more foreclosures in your community.

PRICES ARE NOT RISING ANYTIME SOON!  HOWEVER, INTEREST RATES ARE! 

So, if you plan on selling within the next few years.. NOW, just may be your best time to sell...  Rates are expected to go up considerably after March 31st, when the FDIC stops their purchase of mortgage backed securities.
DO NOT DELAY... Call today to get a market valuation, get your home on the market NOW and take advantage of the current market (low rates and tax incentives).

Derek Gutting, The Gutting Group, Keller Williams Realty, 317 846-4888, www.Guttinggroup.com