7.27.2011

Swimming Pool -- Asset or Liability???


So I recently was listening to the radio while on the way to show houses and the DJ was talking about things that decrease value in the home and mentioned swimming pools....the other DJ couldn't believe it!! Then I remembered thanks to I-HEART RADIO, I was listening to a Miami, FL radio station...ahhhh, it all made sense to me.

Here's my personal take on Swimming pools:

Depends (really!) on where you are geographically located. In the Indianapolis, Indiana metro area. I feel there are LESS buyers that actually want to deal with a swimming pool, than actually have the desire to have a pool on their "must have" list. With our climate, you may only be able to actually use the pool for a 3-4 months out of the year--and that puppy better be HEATED and that costs $$$$.

In warmer climates, many times the pools are NOT HEATED and you may only NOT be able to use the pool for 3-4 months -- making them more desirable/tolerable to buyers...I have had clients that would NOT look at a home if it had a pool as well as those that were OK with a pool (if in good condition). The ONLY client that I had that actually had a pool on their "must have" list was a high-end client. The Miami based DJ touched on the high-end buyer by stating that homes over $1 million, a pool was usually expected by the client.

For me personally, I wouldn't want the upkeep/maintenance of a pool BUT a neighborhood pool is a must for me -- lounging by the pool in the Indiana Summer is my female version of being on the golf course.

For more info on Indianapolis Metro homes with or without swimming pools, contact me today!!! I have a very lovely lisitng w/ a swimming pool: www.talktotucker.com/21112994.

7.15.2011

Good News in the Real Estate World…Central Indiana Home Sales UP 16 percent in June and FC Tucker Company up a whopping 35%.

You all know I LOVE some good, positive news regarding my industry that I LOVE!! – here it is.
June 2011 pended home sales rose more than 16% over June 2010. My company, the FC Tucker Company saw company sales increase 35% !!! Average Sales Prices in the central Indiana area have also increased slightly…MORE GOOD NEWS!! I feel that the best news of all the recent sales statistics is that Inventory from June ’10 compared to June ’11 is DOWN. Inventory = Supply, when Supply is ↓ then Demand will go ↑ and Prices should rise as well…Something welcomed news for Home Sellers. In central Indiana there is still a overall 7 month inventory but, among homes selling for $300,000 or less, the inventory is down to a 6 month supply. According to Industry leaders, a healthy balanced demand/supply real estate market is 4-6 months. With June’s positive numbers, year to date home sales are down 9%, with a continued positive trend, we may end the year in the positive!!!