Tuesday, January 22, 2019

NW Indiana Home Prices per finished Sq Ft

2018 Home prices per finished square foot:  (2017)

1. St. John:  $125.19   ($122.21)

2. Dyer:  $116.99   ($105.34)

3. Munster:  $109.11   ($108.00)

4. Schererville:  $109.01   ($101.26)

5. Highland:  $100.44   ($96.30)

6. Griffith:  $95.37   ($81.78)

Real Estate Humor

A client bought a new home and the broker wanted to send flowers for the occasion.
They arrived at the home and the owner read the card, it read:  "Rest in Peace".

The owner was angry and called the florist to complain. After he had told the florist of the obvious mistake, the florist said,          "Sir, i'm sorry for the mistake, but rather than getting angry, you should imagine this: somewhere there is a funeral taking place today, and they have flowers with a note saying:                          "Congratulations on your New Home".

Multiple Bidders


Question: Recently we viewed a home and fell in love with it. Our agent advised there was a bid placed by another party. We in return also placed a bid. I called my agent the next morning and gave him our top dollar. However, the house was sold to the first bidders, and we were never asked to counter bid! Is there anything we can do about this situation? We are heartbroken that we didn't even get a chance to raise our bid.

Answer: All sellers have different motivations and interests. It may well be that the first bid met all the owners' criteria and that they no longer wished to continue marketing the home.
Could they have gotten more money? Perhaps, but selling a home involves a certain psychological cost and some owners simply want to sell as quickly as possible and move on.                                                                                                                                                                                                    You were told that there was an existing bid on the property -- a bid that could be accepted at any moment prior to withdrawal. Your bid was not made until the next morning. It's perfectly possible that the first bid was accepted even as yours was being developed. Once a bid has been accepted, the property is under contract and the sellers have no obligation to consider other offers.                                                                                                                                               Lastly, price is only one consideration in an offer. While a higher price is surely an enticement, there may have been other factors which attracted the sellers.

Sunday, January 6, 2019

Easy Way to Save Money


Lower The Temperature on Your Water Heater Down To 120 Degrees Fahrenheit.
This is the optimum temperature for your water heater. Most people don’t use water hotter than 120 degrees — indeed, water hotter than that can scald you or a child — and thus the energy needed to keep the water above 120 degrees isn’t used effectively. Lower the temperature, save money on your energy bill, and you’ll never skip a beat.