If you read my post a few weeks ago about the advantage of using the $8000.00 tax credit along with the Indiana Housing first time home buyer program, there has never been a better time to buy a home in Indianapolis.

If you have questions or would like to explore your home buying options, call us at 317.605.4174 or send me an email.

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In this hidden subdivision of lush foilage and wooded lots is a beautifully well maintained one owner home. Many updates including a granite center isle in the kitchen with breakfast bar, hardwood floors and lots of cabinets.

Family room with vaulted ceilings is open and bright with direct access to backyard. Formal living and dining room complete your entertaining area.

Three large bedrooms including the master retreat with vaulted ceiling and large closet. Master bath includes dual vanities, garden tub and separate shower.

Two car side entry garage with four foot extensions for storage. Private wooded backyard for your family retreat. No HOA!

4921 Melbourne, Indianapolis 46228 MLS #2928960

Another Exclusive Red Door Real Estate Listing

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• Demographics
• Flood Zones
• Greenways
• Parks
• Schools
• Industry
• Airports

 Search the Website for Indianapolis Property Information

You’ll land on a page with a map for Marion County. On the bottom right, insert the address you are seeking information about. Remember this is only for Marion County in Indianapolis.

 Once you have input the address, the site will provide general information, then a link for property demographic, which you can narrow down to a parameter, based on miles around the property.

Here you will find the demographics for the area, including: population, age breakdown, household size, income, owner occupied vs. rentals, education, work force and additional neighborhood statistics.

 There are a few additional tabs at the top to look for businesses in the area and one for layer control. The layer control will identify the freeways, land use, economic incentive areas, historic districts, transportation, hydrolic features (flood zones, rivers and wellfields). I like to use this feature to identify specific information about an area. You can do this by checking the boxes of the information you want.

In conclusion, this is a great site for finding specific information about neighborhoods, demographics, Community Development Neighborhoods and amenities.

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It’s not a swap as in let’s swap – I’ll pay yours and you pay mine. Each home owner qualifies for a new loan on the others home. You would have to settle the equity difference, since it’s highly unlikely the equity would be equal in each home.

I read about this in a local indiana newspaper online and while I believe it is a true story, with seller’s named Peek and Bou; I’m cautiously recommending the article for those who may benefit from the happenstance of finding a home to swap.  Check out the article here – Swap Your Home

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CommunityWalk Map - Indianapolis Zip Codes

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Changes to Tax Credit

HUD announced on Friday the first time home buyer tax credit can now be used up front for closing costs, points, buying down interest rate and additional downpayment.

You don’t have to wait to file your taxes to receive the credit.

Changes to IHCDA

Indiana Housing & Community Development Authority (IHCDA) has reduced the interest rate to 6% with an additional .125% reduction for those who take the online home buying course. Indiana Housing offers first time home buyers 5% or up to $3500.00 for downpayment on a home.

The First Home/PLUS program offers the First Home special mortgage rate, as well as 5% down payment assistance. Capped at $3,500 with zero interest , this is a perfect program for Hoosiers who do not refinance once they have moved into their new home, and who are also committed to staying in their new home for a specific period of time. The Down Payment Assistance funds must be repaid in full once the borrower sells or refinances the home.

The Power of Two

You can use both programs together; Indiana Housing for a down payment and the tax credit for closing costs. You can use the tax credit for additional downpayment with the Indiana Housing program, but can not buy down the interest rate.

If you have the 3.5% down payment for an FHA loan, you can use the tax credit for closing costs, buy down the interest rate or use for additional downpayment.

There are income guidelines for the use of Indiana Housing first time home buyer down payment assistance. To find out if you qualify, contact an approved lender or you can call Amanda Blackburn at Bank of America.

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Zionsville Condo statistics

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This company feeds on peoples fears that they may not have the proper documentation proving ownership of their home. They use official sounding language:

RE: Marion County Recorder Document #xxxxxxx and state The US Government Federal Citizen Information Center website recommends property owners have a certified deed. Here’s what the FCIC says:

A private company is currently sending out letters nationwide offering to sell property owners certified copies of deeds. The letters refer to information found in FCIC’s “Managing Household Records” 2003 online consumer focus article. The company cites that article as a reason for purchasing a certified deed. Consumers should be aware that it is not necessary to use a private company to obtain a certified copy of the deed to your home. You can obtain one from your local Register of Deeds for free or at a low cost.

 

If you live in Marion County you can get a certified Deed at the County Recorders Office for $5.00 if you search for it yourself. If they do the search, it’s $5.00 additional. First, check the closing documents you received from the title companywhen you bought your home; chances are -  you already have a certified copy.

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Ground has been broken on the new roundabout at County Road 100N and Dan Jones in Avon, giving the city it’s third roundabout. Now, we have the rules. Nothing is ever as simple as it seems; you merge into the roundabout and get off at the appropriate turn, Right? Maybe!

Recently codified rules of the roundabouts were adopted by the Town of Avon and improper use can result in a $170.00 ticket.

Approach – when approaching the roundabout, you must yield to both lanes of traffic – of course this means you may never make it into the roundabout.

Exiting – Turn on your right turn signal  – no left turns allowed

Roundabout only runs counter-clockwise – you can turn left, you just can’t exit left

Once inside the roundabout, you must stay in the same lane until you exit – make sure you enter the roundabout in the correct lane. Except -

If you enter in the outside lane, you must exit at the first or second right.

If you enter in the inside lane you may not exit the first or second right, you must go around the roundabout, then get in the outside lane.

Vehicles in the outside lane can not overtake vehicles in the inside lane and must give them room to exit –

To me, this sounds like a mini 500 race with everyone going in circles, not sure if they can exit or change lanes. I think everyone does just fine without having to wonder if they entered in the right lane so they can exit at the appropriate time without taking home a ticket.

Makes you want to find routes around the roundabouts

These are nationally accepted roundabout rules, so I assume the same rules apply to roundabouts in Carmel as well.

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http://www.youtube.com/TheTownofAvon

Now you don’t have to miss the results of a Town Council Meeting. Keep track of the issues which involve you, your community and Town Issues in Avon, Indiana.

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