Nov 202013
 

love-referralsWe all could us some extra $$$! Here is all you have to do.

Next time you’re chatting with friends, family, coworkers, etc, and the topic of buying or selling real estate comes up, ask if they’ve been working with an agent to help guide them through the process, even if they’re 6 to 24 months out from doing anything. If the case is they have not or just are not impressed with the ones they’ve been dealing with, tell them you know a great team of agents ready to talk to them about anything real estate. Then send us their contact information and we will take it from there. Once we have successfully represented them with a real estate transaction, we’ll send you a gift card. Now how easy is that? And the bonus is they’ll love you for hooking them up with The Derrick Team. We work hard to keep our clients happy and make sure everything goes as smoothly as we can.

A big thanks to those who have already taken advantage of our referral program. This past year Alice, Noel, Keida, Todd, Tim & Brandi, and Cathy (our referral queen), all received gifts from us. It’s easy for you and you’ll know your referral is in good hands with The Derrick Team.

Call or text us at 317-563-1110 or use our handy Contact form here.

 

Nov 012013
 

Almost ThereYou’ve probably heard the horror stories from friend or had the unlucky experience yourself where you’ve sold your property and then unexpectedly you haven’t. You were making plans to move, maybe already had an offer on another home and now everything is back to trying to sell or buy a home. It’s one of the more frustrating parts of buying and selling real estate, but it happens. So in this article we’ll discuss some of the common reasons and some indicators to be on the lookout for.

There are several items that can require negotiation when selling / buying real estate and each one can be a potential trouble spot. Obviously the starting point is negotiating the price and contingencies in the purchase agreement. An offer with more contingencies is the first warning as that makes more hurdles to get over to finally close the transaction. The Derrick Team takes pride in writing ‘clean’ offers that avoids this when possible. Solid offers mean better chances of closing making everyone in the deal happy.

Problem Spots
But there are usually at least 2 contingencies that cannot be avoided after the price has been agreed upon. First the buyers should be getting an inspection for their own protection and a seller should be prepared for this, even if selling ‘as is’. Once the inspection report is done the buyer can renegotiate getting items repaired or an adjustment to the price. This is a common part where things go wrong as the buyer is in control here and the seller has to be on top of things to keep the buyer happy. If the buyer is not satisfied they can walk away and only be out the inspection costs.

The second contingency kicks in if the buyer is getting a loan, as then the property must be appraised to determine the value meets the loan amount. This can be tricky in today’s market because of the recent drop in home prices in some areas (that’s just now starting to climb again). This is a wild card and again the seller needs to be prepared for this possibility. In some cases the appraiser will point out some condition items of the home that have to be addressed as well, especially if its a FHA, USDA, or VA loan.

A few of the other common reasons are the buyer loses their job, the buyers own house sale falls apart, or the buyer loses interest and walks away (usually forfeits the earnest money). In rare cases the seller suddenly doesn’t want or need to move anymore and does a mutual release to remove the property from the market. In that case the buyer can hire a lawyer but it usually costs less to just go find another home.

For all these reasons and more it pays to have a good Realtor working for you. As mentioned a solid clean initial offer reduces the chance of a deal falling apart.

Being Prepared
A seller should know the general condition of their property and thus have some expectations on what a home inspection is going to turn up. When setting the marketing price that should be a consideration so if needed you can have a little wiggle room to address possible issues. One of the things we guide both sellers and buyers on is that the inspection report should be used to spot potential safety and expensive repairs, not cosmetic issues. But then there is always those surprise issues that show up (mold, hidden water damage, termites, etc) that can change everything.

If the home marketing report is used to set a realistic sales price the appraisal shouldn’t be an issue. But some homes are easier to estimate depending on the types of homes in the area. If there is an issue with the appraisal there are ways to keep the deal moving forward and a good Realtor knows how to do that. But this sometimes is what we call the ‘wild card’.

So a couple of things to watch for from the initial offer are a low earnest money amount (buyer doesn’t have much to lose if they just walk), or a lot of contingencies that have to be addressed before closing. A good Realtor will discuss all these with you and if any of them are a big concern.

Another red flag can be when the lender seems to be dragging their feet on getting the loan approved resulting in multiple delays on the closing date. Again a good Realtor can stay in contact with the lender to see what is holding things up and let you know what your options are if things don’t look good.

What You Need
A smart Realtor stays on top of every deal to make sure no options are missed when things start to go wrong. We at The Derrick Team work hard for our clients to make sure we get deals closed. We advise our clients on possible sticking points to try and eliminate surprises and explore multiple options when there are. We want everybody to be happy when we walk away from the closing table with another successfully closed transaction.

Call or text The Derrick Team at 317-563-1110 when you are ready to sell or buy and know you’ll be well represented in your next real estate transaction. Use our handy Contact Form here.

 

 

 

Oct 132013
 

Update: Since we wrote this post in 2011 Avon has even more now as other area communities build them as well. Here is an interesting video from Mythbusters: http://youtu.be/OvoFjirrgYA

We know that local governments have to look for solutions that solve issues and a common way to do this is looking at what other communities have done to address the same issue. The “Let’s see how that’s working for them” mindset. When it comes to traffic control in the Indy metro area, the city of Carmel in the northern metro area jumped in with the trendy solution to busy intersections by installing roundabouts, and are still adding more every year. Saying it’s been used in Europe for a long time and is a proven way to ease busy traffic flow was they typical reason given for the decision. Whatever the reason, they’ve embraced it so other local governments are paying attention.

Avon was in the same predicament and after paying for traffic studies decided to “give it a go” as the British would say. With 5 done and more in the planning stages, they really jumped in with both feet and aim to be the #2 roundabout community in the Indy metro area.

From a personal perspective I was skeptical because of what I saw in the early stages of Carmel’s rollout. Traffic flowing smoothly until granny pulls up and will not enter the roundabout if ANY cars are in the circle resulting in long lines of backed up traffic. The other issue is roundabouts tend to bring out the aggression of those many aggressive drivers in Carmel. The fundamental requirement for smooth flowing traffic at a roundabout is being polite, paying attention (not texting or yaking on the cell phone), and slowing down to safely drive through. None of these are common in Carmel drivers. So when Avon announced their plans I was dreading the fact I would be required to use roundabouts to get anywhere in the area.

Fast forward to today and after a couple of years of use, drivers in this area generally follow the requirements listed above and traffic does generally flow better through our area roundabouts. So now my skepticism has abated as whether this was a good move by the town of Avon. The interesting part will be to see as the town grows and traffic increases, will these current designs be able to handle the traffic as smoothly as it does now.

For those not sure yet, try to follow these instructions from www.RoundaboutUSA.com :

HOW TO DRIVE A ROUNDABOUT

  • As you approach a roundabout there will be a YIELD sign and dashed yield limit line. Slow down, watch for pedestrians and bicyclists, and be prepared to stop if necessary.
  • When you enter, yield to circulating traffic on the left, but do not stop if the way is clear.
  • A conventional roundabout will have ONE-WAY signs mounted in the center island. They help guide traffic and indicate that you must drive to the right of the center island.
  • Upon passing the street prior to your exit, turn on your right turn signal and watch for pedestrians and bicyclists as you exit.
  • Left turns are completed by traveling around the central island.

A couple of unanticipated bonuses on roundabouts have occurred to me recently. One, you never have to worry about signals being down due to power or technical issues. Second, if you go through a roundabout and realize you meant to turn off at an exit, you just drive around again and exit at the correct one (good for a busy Realtor who forgets where their next stop is).

So love ‘em or hate ‘em, they’re here to stay. I do ask that you do everyone a favor, you still need to use you’re turn signal when exiting. That signals waiting drivers that’s it’s OK to proceed.

Let me know what you think about roundabouts. Maybe you found another bonus we all need to hear.

And that about rounds up this post (couldn’t resist).

Oct 072013
 

 

 

2.5 Million sales volume for 2015

2.5 Million sales volume for 2015

RallyAward

The Derrick Team

Aug 222013
 

Derrick Red Ad signYou might think that all Realtors are the same but just like any other profession each individual does things a little different. With Connie and Dennis Derrick you’ll find our ‘different’ is good for you.

We work as Realtors because we enjoy it.
We work harder at this work than others we’ve done before because we like what we do. We really enjoy working with our clients to achieve their goal of selling and/or buying property.

We have experience beyond real estate.
Connie has had her license since 1996 and has years of customer service. She’s often the person who will contact you with updates. Dennis has been remodeling homes for years and has knowledge beyond most Realtors on important construction factors. Also he has been involved with Internet marketing and web design since the late 1990’s, which translates to extensive marketing tools for our listings.

We like to have fun with it.
While there are a lot of serious work in the process of selling and buying, we also like our clients to enjoy working with us. We consider good clients friends for life.

You have a team working for you.
With The Derrick Team you get 2 Broker Associates working directly for you backed by a large staff at Carpenter Realtors. You’ll find this very important during contract negotiations. Teams are better than one when you really need it.

Award Winning Realtors.
The Derrick Team has been winning awards for the past several years. Our dedication to our clients will continue to equal long-term success for both our clients and future clients.

We are the ‘Pet Friendly’ Realtors. We have quite a few pets ourselves and understand your love for yours. We know pets are great companions and will enjoy visiting and getting to know your closest pals.

Contact The Derrick Team by calling or texting 317-563-1110 or shoot as email at DerrickTeam@DerrickTeam.com.

2.5 Million sales volume for 2015

2.5 Million sales volume for 2015

 

 

Aug 152013
 
Weapons of War

Weapons of War

There’s nothing like an invasion of those pesky little flies that seem to come from nowhere, fill areas of your home, and then fly right into your face. I hate it when you go to take a drink and there is one taking laps around the top of your glass. Well I did some research and came of with some simple methods that helped us win this battle, or at least turn the tide in our favor.

First step is to clean your drains (they also go by the nickname drain flies), because they can live off the scum growing inside your kitchen & bathroom drains (yech). I just used bleach and very hot water to do the trick.

Second step is to arm yourself with a weapon. I took a spray bottle, filled it with water and a little dish soap, and set it to drown mode (mist). Now when that pesky little guy is in your face, mist away at him. It will knock him out mid-flight and then you can drown him wherever he lands (soapy water doesn’t hurt many things). I was so irritated with these guys I spent one morning hunting them down and misting a bunch of them! (yes, I’m easy to entertain).

The final step is to set traps to eliminate the sneaky ones. They are also known as vinegar flies because they love it.  Take some vinegar as it makes a great smelly bait (I used apple vinegar), and mix it with a couple of drops of dish soap in a small cup. I prefer a clear cup so I can see my results. Then cover with thin plastic (I used saran wrap) and secure with a rubber band. Finally poke some small holes for them to crawl through and set in areas they hang out (mostly around drains & moisture).

We did all these and the number of flies dropped dramatically in 2 days. I’m going to refresh the traps and see if any more show up before I declare total victory, but from now on I know how to battle these small, sneaky little foes.

And if you’re trying to sell your home, you don’t want your current tenants (the flies) to annoy potential buyers!

If you have any good methods you’ve learned let us know in the comment section. We all want to win this battle!

Update: 2 weeks later and I only occasionally find a dead one in a trap. Haven’t seen a flying one in a long time. I declare victory!

 

 

Jul 082013
 

Demo Man Dennis DerrickSome are born with the need to tinker. I am one of those persons and got that from my Father. He was always working on some sort of project around the house as I was growing up. Even then I was aware that this was not an automatic thing for all dads. Today as each generation has been raised with more diverse talents and occupations available the ‘around the home handyman’ is becoming less common. But since you can figure out how to do anything on the Internet (right or wrong), some still try to be that handyman that produces, um shall we say dubious results. This often becomes all too obvious at a point when you try and sell a home.

One of the most common ones we see is the attempt to paint, when a person shouldn’t really be allowed to hold a paintbrush. Walking through a home as they proudly show off the freshly painted walls, we have to point out the fresh paint on the ceilings, trim, windows, floor, etc. and politely ask how soon will you be finished cleaning up the, um overlap. Painting is more than slapping paint on the walls so keep that in mind if you plan to give it a shot. And if selling is in the near future, pick your colors carefully.

Flooring is often marketed these days as DIY with simple ‘peel & stick’ or ‘snap & click’. But again it stands out when the edges around the walls are not matched up, there are buckles in the middle, and the transition to the next room is an afterthought. As in painting, the quality of the installation is all in the details. And the cost of materials can make for an expensive mistake.

Another project today’s handyperson likes to tackle is tiling a backsplash or for the more brave, a whole shower. Watching the shows on HGTV makes it look like a snap. One little piece at a time you slap sticky stuff on it and slap in on the wall. Later you fill in the gaps with more sticky stuff to cover up the gaps, no matter how large. How hard is that? Let’s just say many find out halfway through the project they may have been just a little too ambitious.

These are just some of the most common little ‘big’ jobs that handy wannabes will attempt to spruce up their home. Our advice to anyone thinking about it: research and practice a little before taking on a larger project and take your time and pay attention to details. If you plan to sell your home in the next few years think carefully on how your workmanship will look when your home is on the market. Otherwise you may find yourself paying a professional more to undo all the damage you did.

Want free advice on getting your home ready to sell? Give The Derrick Team a text or call at 317-563-1110 today!

Jun 262013
 
magexample

Dedicated web site address

One of the many tools The Derrick Team utilizes to market our listings is the Call Carpenter Homes magazine. Our listings are added in there automatically by Carpenter when we list your home. But one thing that only The Derrick Team does is include a web site address in an ad so the reader can easily get more information on your home.

Carpenter prints the exclusive Call Carpenter Homes magazine bi-monthly filled with hundreds of Carpenter listings. We talk to many people who love to browse the magazine just to see what’s out there. The Derrick Team takes this one step further with a newsletter insert featuring local information along with our own listings.

CallCarpenterMagsOn a typical month we distribute between 300 to 400+ of the magazines with our insert. We deliver in neighborhoods, through stands in local businesses, and as hand outs in open houses and events like the Hendricks County Fair. So your home gets even more exposure locally to help you sell your home.

Find the Derrick Team Newsletter & Call Carpenter for Homes Magazine at: Specks Pet Supplies on US 36 and Los Rancheros at CR 100N & 267  in Avon, Edwards Equipment on Main Street in Danville.


Looking for business owners in the Avon / Danville area to co-market with.Derrick Team Magazine Rack

If you have or know someone with a area business with walk in traffic we’d like to invite your business with a free-to-you co-marketing opportunity!

The Derrick Team is one of Hendricks County’s successful real estate teams with Carpenter Realtors and utilizes all forms of marketing, much of it unique to The Derrick Team. While we have a strong presence on the Internet, we also utilize traditional printed media to connect with the local community in Hendricks County and the Indianapolis western metropolitan area.

We will be glad to include your business information and even provide ad space in our newsletter in exchange for a location to setup stand in your business. We take care of keeping the stand full with fresh stock. You just let us know what you would like to include. We can add flyers for your business in the magazines or a coupon in the newsletter. And we will do all the printing at no cost to you. We’ll even blog about your business to increase you own Internet presence.

Now how often do you get to advertise like this for free?

Call The Derrick Team today at 317-563-1110 for more information.

 

Jun 142013
 

Almost ThereAfter your agent has successfully negotiated the final documents with a buyer you smile and think your home is finally sold. Nope, the show hits the road and a good agent kicks into high gear. Depending on contingencies there will more negotiations possible during the sale process.

Typically the first will be from an inspection done for the buyers. This can be just for the buyers satisfaction but more often these days the buyers lender will have requirements that your home will have to pass before they will give the buyer a loan on the home. Common ones are termite inspection or tests on the well water and septic system if they apply. FHA loans can be denied if there is peeling lead based paint or the roof is beyond its designed life.

A good Realtor will note these items at the time of listing so you as the seller are prepared for possible costs involved with selling your home. But some items cannot be seen and thus will be part of the negotiations after the inspection report is delivered to the buyer and the buyer’s lender. These expectations also can be discussed before the inspection with the buyers if the accepted price considered items needing repairs. This is one of the reasons home warranties are popular now, as this will assure the buyer if mechanicals such as heating systems are really old they will be taken care of after the sale for minimum costs. The Derrick Team always recommends home warranties to our sellers.

Next comes the wild card, the appraisal. A good Realtor has looked carefully at the comparative home sales when pricing a home and has advised the seller on the possible appraisal value. Except for cash buyers, the appraisal will always set the price the buyer is going to pay. That is unless they can apply more cash on top of the loan amount to make up the difference (very rare these days). At the time of sale a good Realtor will examine recent comparative sales to provide to the appraiser if applicable. These days communications with the lender / appraiser / Realtor has to be limited so caution is the word. If the appraisal comes in lower than the sale price, the seller must discusses with their agent possible negotiations and options to keep the sale in motion. A good agent will have ideas to work out a deal that is acceptable to all parties.

Finally there is the closing. Working out a good time for everyone to meet and sign the paperwork along with when buyers take possession is one of the final negotiations, often based on the original purchase agreement but can be changed if all parties agree. The good thing is this is the one everyone is eager to accomplish and usually can be worked out to everyone’s satisfaction. You know everything’s been handled well when you have a smooth closing.

So keep in mind when hiring a Realtor to sell your home, the marketing is only the first step. You want an experienced Realtor ready to be representing you every step of the way, keeping all the gears well oiled all the way to that smooth closing. Call The Derrick Team today to discuss our marketing and closing processes that leads to happy clients at 317-563-1110.

May 102013
 

Information For BuyersSome of the usual tips you get to your home ready to show are clean and paint where needed. We’ve covered this in more detail on other blog posts. Here are a few important tips to set your home above your competition on the market.

1. Documentation on work performed on your home.

I would almost call this a diary of your home improvements. Gather up any invoices, documentation, permits, etc of major items that have been repaired, replaced, or upgraded. This can be a simple as a repair to the furnace to a bathroom remodel or new roof installed. Warranty information is especially important. Other work could be outlined in a document with dates and work performed such as owner performed landscaping, painting, etc. Not only does this impress buyers but this can be used for inspections and appraisals which is an added bonus.

2. Find documentation from when you purchased the home.

Most people don’t realize there can be some very helpful documents in your last purchase package. First is that most title companies will give you a discount on your owners title insurance if you provide the title work from the last purchase. Also there might be a boundary or stake survey included in the packet. If you purchased new it should have the model information and floor plan. Again very helpful and could be added to #1 item above.

 3. Utility and service vendor information.

Good agent will ask you for this so it helps to go ahead and gather this up ahead of time. You’ll need to come up with average costs for items such as electric, water, & gas if applicable. Also include cable, phone, and Internet services. Don’t forget if you use a lawn service, trash pickup service to include that as well. Of course this all can be neatly laid out in a document and added to the book. (Are you seeing a pattern yet?)

4. Seasonal photos.

If you have really nice landscaping with flowers the bloom in the spring find some photos you’ve taken (you didn’t just look at them did you?) If applicable maybe some nice fall foliage photos of the trees in full color. If you have that ideal back yard that looks great with a fresh snow include that one. Also any wildlife photos you snapped in the back yard that adds to the beauty setting of your yard. Share these photos with your agent and of course, add them to THE book.

Well I think you get the idea now, do some work upfront to wow your buyers on how well you’ve taken care of and enjoyed your home. This will in turn add value in the eyes of the buyers but also help when this is presented to the appraiser. When they determine the monetary value of a home they compare it to similar area sold homes and then make adjustments based on condition. With your documentation they can make those adjustment on the ‘plus’ side and in turn raise the overall value of your home.

The Derrick Team will be glad to help our sellers create this book in a nice format as part of our “Above and Beyond” marketing. Give us a call for more details at 317-563-1110.

Apr 022013
 

 

slide0013_image071If you’re looking to buy a home, this is the app for you. It currently works on any GPS enabled iPhone, iPad, and Android phone.

This app features the ability to find homes around you and bring up the MLS data and photos on your device. Point towards a home, snap a photo, and it will tell you the features as listed on the MLS.

If you want more details or want to setup a showing click the request for info and the app shoots us a request and will get back with you shortly! Can’t get much easier than that!

Just type in your mobile phone number on the Home Search App at the bottom of the right column or click here to download.

Mar 082013
 

I need a lot of money to buy a home.
Not really. Depending on your credit rating and financial income there are ways to purchase a home with practically no money down. There are programs that finance up to 4% of the required 3.5% down required for typical FHA loans, leaving you extra to be used for closing expenses. Combined with seller assistance you can really purchase a home with little or no money down. (more details here)

I have to pay a REALTOR to help me buy a home.
Not true! REALTOR services are 100% paid for by the seller so as a buyer we represent you for free. There is no advantage to not using a REALTOR to purchase any real estate property. But by law and our ethics we must represent you and your interests over the seller’s, as they are represented by their own agent. (more info here)

I don’t need to worry about financing until I find the home I want to buy.
Bad move. We always suggest the first step is to check with a lender to find out where you stand in getting a loan. Sometimes they say go for it. Other times they may find you need to take care of some things financially to put you in a better position to get a good loan. But the main reason is that you don’t want to spend time looking to find the perfect home and THEN discover you cannot get a loan to buy it. It also helps guide you to what kind of home you can afford and in some cases where you can look (like you can afford more home than you thought). (check this post for details)

The national news on real estate is all I need to pay attention to.
Big no-no. The cliché in real estate is location, location, location. And as far as the real estate market is concerned, city, area, neighborhood. Just 2 blocks away can be a different market, depending on the area. This is where using a REALTOR pays off as we know the market in our area. For ANY questions on real estate ask a local agent. (typical local report here)

REALTORS get paid by their brokers no matter if they sell homes or not.
Mostly false. Except in a few cases almost all REALTORS work as Independent Contractors. The Derrick Team works with Carpenter Realtors as contractors and we only get paid with successful transactions, of which a portion is shared with Carpenter for services provided. So if you spend time with one agent, then use another to write an offer, the first agent gets nothing for their work. Keep this in mind when working with an agent. If you like an agent, stick with them so they will get paid for their work for you. That will in turn make them work harder for you. (read this for more info)

Give The Derrick Team a call today at 317-563-1110 with more details on these or any other questions you have. Remember, our services are paid for buy the seller so it costs you nothing.

Feb 272013
 

Inventory in the local real estate market continues to drop as more homes are sold and less are being added to the market. We are trending to a sellers market as sales continue to be very active in 2013. As you see in the reports below, Hendricks County is the lowest it’s been in several years, lower than the state average in the second report.  Prices will soon be increasing as the inventory stays low.

Call The Derrick Team if you are ready to sell as buyers are out there that want to buy now!

Hendricks County January 2013 Real Estate Report

As reported for the entire state of Indiana:

State Average for Inventory Supply

Jan 152013
 

In an unusual twist the real estate market got really busy at the end of 2012. Most of the time the end of the year is considered the ‘quiet time’ for real estate as the normal sales cycle slows down, especially around the holidays between Thanksgiving & New Years Day.

During this ‘quiet time’ The Derrick Team was really busy with several offers and sold half our inventory. Buyers are out in force and investors are snapping up homes left and right. One of our listings had 4 different cash offers!

Take a look at the Hendricks County November report below and you’ll see the highlighted figure of Months Supply of Inventory at 5.8. It’s been a long time since this has dipped below 6 months, which is often when the market edges closer to a sellers market. We hear buyers already complaining they cannot find the type of home they want.

Hendricks-County-Inventory

We were wondering if this would carry over to 2013 and so far it does seem to be the current trend. The activity on our listings and what other agents are saying indicates that the local real estate market is still going strong.

So what’s that mean for you? If you’ve been holding off on selling, don’t wait much longer. Interest rates are still low and buyers are already looking. If you wait much longer, you’ll have more competition as many sellers wait until late March or April to list their home. If you list now you’ll be in a better position to take advantage of the inventory shortage and could possibly sell quickly!

Give The Derrick Team a call and we’ll be glad to do a free Comparative Market Analysis and work out a plan to get you on the market quickly. Call us at 317-563-1110 right now!

Oct 202012
 

AhoSoldWhen you are going to sell a home, you first need to determine how motivated you are. A motivated seller will listen to good advice and prepare the home to show well to encourage offers from buyers. The not-so-motivated will say, “They’ll just have to buy it and fix it up themselves”. What the not-so-motivated don’t get is they can expect a longer time to sell for lot less money.

Before you look at a marketing report from your REALTOR be sure and think carefully about your motivation as that does effect how you price the property. Once you’ve received your marketing report with a range of possible listing prices based on solds, pendings, and the active competition in your area, look carefully at what sold / pended, as that is your target on what buyers are looking for. The actives are really for information only and should not be factored into your list price.

Now consider your motivation for selling. Look at the following and see where you fall:

  • Very aggressive – Must sell. Examples: Job relocation, health or financial reasons, divorce, or estate settlement.
  • Aggressive – Would really like to sell but don’t have too.  Examples: Need a larger/smaller home, would like to live in a different school district, want to live closer to your work/family, or ready to move to your retirement destination.
  • Kicking the tires – Will sell under the right conditions. Examples: Interested in a different home on the market, tired of cleaning a large home, ready for a maintenance free condo.

No matter what your motivation level is, do yourself a favor and get your property show ready. The feedback you want to hear is “home shows nice”. Those are the homes that sell quicker and for higher prices which is what every seller wants, no matter your motivation.

No matter what your motivation is, give The Derrick Team a call for a FREE no-obligation home market evaluation at 317-563-1110.

May 142012
 
Contact the Derrick Team at 317.563.1110

Sweet Dreams of a New Home

Let’s start with why. Sometimes it’s obvious, such as you’ve been transferred to a new city. Or maybe family situations have changed such as a divorce, death, or recent medical conditions. Maybe you’ve found your house is too expensive or large and you have to downsize. If any of these are the case or you just know you have to move the next section won’t apply but read it anyway as it might open your eyes to a potential problem.

Now maybe you’re just considering a move, but don’t have a specific reason that you have to sell your home. There is a little more to consider. First, determine where you want to move to. Do a little research and look for an area that interests you. Check home prices (your Realtor can help, you do know one now), and visit Open Houses when you see them in the target area. Talk to friends that live in the area. Once you have an idea, now make sure you can afford to live there. This is a step sellers often forget to do, no matter what the reason to sell is, make sure you can buy another home! Check with your bank or lender and get prequalified. Just because you own one now doesn’t guarantee you can buy another. Job changes, credit problems, other debt load, can easily disqualify you from a new mortgage. They will prequalify you based on the sale of your current home. A CMA can help here so have your Realtor do one for you. None of this obligates you to sell your home, it’s just a good homework assignment before moving to the next step.

The next part is evaluating the readiness of your home for selling it for the best return on your investment. In other words it needs to look move-in-ready to help you get the best sales price possible in this highly competitive market. At a basic level you need to think of fresh paint, replacing worn flooring, installing new fixtures in kitchens & bathrooms if they are stained or extremely outdated. Again your Realtor (the one you now know) can assist you in what helps the best in your area and price range. You don’t want to spend too much and not get that much back, so don’t get too carried away. See more about preparations in the post.

Now you are ready to put it on the market, right? No not quite yet. Prepare yourself for your life being interrupted for showings and open houses. Start packing what you don’t need and make your home look inviting but not too personalized. Start making plans for your move. Don’t be caught off guard when an offer comes in. We’ve sold homes in days before (once a more common thing than today), and our seller had to scramble to find a place to live. So you don’t have to rush to buy a home if that happens, accept the fact you may have to move into temporary housing, nobody wants to rush a home buying decision.

If you are ready to sell, or will be soon, call that Realtor you know today. That would be The Derrick Team at 317-563-1110. We’re here to help for all your real estate needs!

Apr 052012
 

Derrick Red Ad signThe Derrick Team loves working with buyers. Whether you are first timers or looking for your retirement dream home, we can help you every step of the way. If you haven’t figured it yet, this is more than just looking at homes and picking one out. There are many steps in this purchase and we will help guild you all the way.

The seller of the property you’ll eventually buy will pay our commission fees so you don’t have to worry about that cost.

But we do expect something pretty simple in return for us helping you. That is: Let us help you!

In other words, Work with us. Now this may seem a little simple to you but you have to understand we will spend a lot of time working on your purchasing process; searching for homes, showing homes, checking home values, negotiating contracts, working with vendors, etc., and will not get paid until you have successfully purchased your new home.

So all we are really asking for is a little loyalty, that’s all!

Just starting your search? Thinking about it in 6 months to a year? Know someone who is looking to buy? Give us a call today for a non-binding ‘meet ‘n greet’ to see if we can be your Realtor. We love to help people buy homes!

Call 317-563-1110 or shoot us an email today!

Mar 152012
 

 

Virtual Tours Help Market Your Home

Virtual Tours Help Market Your Home

In one word: Marketing

Real estate agents don’t sell homes, the owners do. Property owners decide the price they are willing to take. We can guide you to set the best possible price but there is no guarantee a buyer will be willing to pay that much. In the end YOU decide to sell your property and for how much.

The reality is what real estate agents do is market your property. The idea is to market it well. The more buyers that are exposed to your home, the better chance you’ll get the price you want. It’s a numbers game that we do our best to put in your favor.

Carpenter provides all their agents with an extensive tool set to market each property beyond what most realtors can do. This is outlined in detail at Carpenter Home Marketing System .

Here’s the short list:

  • Distinctive signage
  • Information flyers
  • Targeted listing mailings
  • Newspaper advertisements (many options)
  • TV Show on Saturday mornings
  • Carpenter exclusive Homes magazine (over 50K+ distributed bi-monthly)
  • On the Internet there is:
  • CallCarpenter.com
  • Premium listing placement on Homefinder.com & Trulia.com
  • Distribution to all other home listing sites
  • Visual Tour videos on the MLS that are also uploaded to YouTube.com

What The Derrick Team adds:

All of this and more is in our toolbox to use to fine tune our marketing of your property to get maximum exposure to all buyers!

Give The Derrick Team a call or text today to setup a time we can come show you what we can do for you at 317-563-1110. We’ll talk to you with no high pressure sales and no obligation to use us when you list your property. We know you’ll like what you see! And we work 7 days a week, evenings too.

Feb 252012
 

Dennis At Work

As a Real Estate Broker Associate we’re covered by Indiana license laws in what we can and cannot do. So please throw out that image you’ve formed of realtors from HGTV and any movie or TV show that has a Realtor in it. That’s as about as close as CSI cop shows are to crime fighting.

We often joke that most people think all we do is show houses. Well that is a certain part of our job. Especially agents who specialize in buyers (The Derrick Team are both buyer and listing agents). But that actually is a small part of the larger picture. A better way of describing our main job is lots of marketing (our selves and our listings), research (the market and current trends) and contract negotiations, (or as I like to say, Haggling).

There are a lot of other little things we do spread around daily but these three main functions are what drive our business. Now let’s talk a little about our business model.

In general almost all real estate agents are independent contractors. Most people don’t realize that we work for ourselves and ONLY get paid when we sell houses. Because of Indiana license laws, we sales associates must work WITH a broker, but don’t work FOR them. In our case this is Carpenter Realtors and we love how they do the WITH part (that can be for a later post). So we are INDEPENDENT contractors, and ONLY GET PAID when we sell a home (or close the transaction to be specific). So when we are busy doing all the marketing, researching, and haggling, we are doing so in the hope that everything eventually results in a CLOSING! (Sometimes it doesn’t for items beyond our control). So whatever you thought we did before, now you know in summary, we work our butts off for ourselves and sometimes get paid for it…. And did I mention 7 days a week, 365 days a year? (yes we’ve been called on Xmas and New Years). So I’ll just say it this way,” I don’t want to make money, I just love to sell Real Estate!” (Sorry Don) OK I love to sell Real Estate, and a little money helps pay the bills.

RallyAward

It’s a lot of work to sell 5 million!

If you are in need of a professional Realtor, now you know what we do, day in and day out. Give The Derrick Team a call today at 317-563-1110. We love to sell real estate, buying or selling!

Feb 182012
 
Dogs Having Fun

Dogs Having Fun

Every year Hendricks County dogs get to enjoy the best event ever created,  just for them by the Hendricks County Humane Society!

This year’s big day is March 17, 2012-11am – 4pm

Being held at the  Hendricks County Fairgrounds – Hendricks Power Expo Hall so it can be rain or shine!

The cost is $5 per Dog, but the people who bring them can enjoy the fun for free.

  • Simple fun games for dogs to play
  • Informational booths for humans
  • Non-profit animal related booths and adoptable dogs!
  • Fun competitions: Any Dog-Dog Show, Clever Pet Tricks, Leave It Contest (always a lot of fun)
  • Animal Communicator, Mary Marshall

Refreshments will be available at the K-9 Kafe

Flyer with details: Dogtona Information

Proceeds support the HCHS Dog Park Committee who have already done a lot for Hendricks County dogs!

The Derrick Team be there shooting photos and videos and having a great time (we might bring Bailey).

See your doggies there!

Watch videos from the previous fun days here.

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