Cynthia Marchant’s Blog

If you live in Carmel Indiana, and whether you are buying your first home, moving up or downsizing there are many questions we are frequently asked.  I thought it would be good to go over the Top 5 and in another post I’ll go over the Top 5 Selling Questions.

1. When is the best time to buy a home in Carmel?
2. Why do I need a Realtor® to help me, I’ve done this before.
3. How can I find a great deal; there are a lot of foreclosures out there right now.
4. What is the process to buy, how much does it cost?
5. How will I know what the right price is for the home?

Let’s start with “When is the Best Time to Buy a Home in Carmel, Indiana?”

Now!  If you are a first time buyer, that is definitely true.  With the passage of the Economic Stimulus package and the $8,000 that will be given to first time home buyers, it is the very best time to buy.  I hold a first time home buyers class every month on the last Saturday of the month.  If you are thinking about buying a home, this is an excellent time to spend 90 minutes with me, a home inspector, a lender and a home decorator to learn.

Even if you are not a first time home buyer, chances are it will affect you.  The first time home buyers will come into the market and buy homes of move up or downsizing sellers and then those people will in turn buy new homes. 

If we look at the days on market over the last year for Real Estate in Carmel; we can see the average length of time a home stays on the market is less than 90 days.  Only in the first quarter when it is very cold do we see numbers over 90 days.  This graph is from February 08 through January 09. 

So in summary, the best time to buy a home in Carmel is now.  The interest rates are still very low, the inventory is high, sellers are motivated and we will start to see movement with the Economic Stimulus benefit for first time home buyers.

 Cindy “in Indy” Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775