Real Estate Information Archive


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Indy 500 Pole Day Qualifications

by The Worrell Group

I know this topic doesn't have anything to do with Waterfront Real Estate, but I wanted to share my thoughts.

I went to the track this past weekend for pole day and wanted to let everyone know that it was very exciting.  I was with a number of friends and we all enjoyed the experience.

If they keep the similiar format for qualifing next year, I will plan to go again and suggest that you consider the same - it was fun!

The federal homebuyer tax credit apparently inspired Central Indiana consumers to house shop, as sales of single-family homes throughout Central Indiana saw double-digit increases in April with the strongest sales volume continuing in the upper housing segments. Prices of single-family homes also continued their months-long appreciation.

Overall April sales of single-family homes across Central Indiana climbed 15.74 percent compared to April 2009, according to the latest monthly data compiled by RE/MAX of Indiana. All single-family home pricing segments except the under-$100,000 market experienced gains, with the sharpest increases in homes priced from $500,000 and above.

Month-end pending sales for April—those listings expected to close within the next 30 days—totaled 3,052, up 33.39 percent from last year. That represents the highest number ever recorded for an April in the Broker Listing Cooperative (BLC®) for Central Indiana.

The average price of a single-family home appreciated for the sixth straight month, reaching $141,229, up 14.7 percent versus April 2009. At $120,000, the April single-family home median price—the figure at which half of the homes sold for more and half sold for less—rose 14.29 percent from one year earlier. That represents the 6th consecutive monthly increase in median price.

April sales of all single-family homes in Central Indiana totaled 2,338, up 15.74 percent from April 2009. The increase is the second consecutive monthly increase in sales. Broken out by segment, sales of single-family homes priced between $250,000 and $500,000 rose 28.7 percent in April while sales of luxury homes—those priced from $500,000 to the millions—soared 140 percent.  Homes priced between $75,000 and $150,000 were up 25 percent while those in the $150,000 to $250,000 range rose 51 percent. By contrast, sales of homes in the below-$75,000 segment were off 24 percent.

All Homeowners - This Is Important - Property Tax Exemption Notice

by The Worrell Group

Not all pink slips bear bad news.  The pink "Homestead Verification Form" that will be enclosed with your property tax bill is very important and could save you thousands!

A bill in the legislature has required that these forms be mailed out with the property tax bills in 2010, 2011 and 2012 and they must be completed and returned by every homeowner who wishes to claim a homestead deduction on their property.  Property owners have until January 1, 2013 to return the card.
Why?  These cards and the legislation requiring them are aimed at cracking down and preventing homestead fraud.

This form has not been widely publicized and can easily be overlooked as bureaucratic paperwork, so please pay extra attention when opening your property tax bills.

A Few Commonly Asked Questions

I didn't find the form in my property tax bill?
Though some counties may choose to, they are only required to include the form to taxpayers already claiming the homestead deduction.

If I don't fill it out by January 1, 2013, will I automatically lose my deduction?
If you don't complete the form by the deadline, you will receive a final notification letter from the county and your deduction could be removed on your 2012 - pay - 2013 property tax bill.

Here is the link to the Form if you need one.


Displaying blog entries 1-3 of 3




Contact Information

The Randy Worrell Team
RE/MAX Legends Group
5645 Castle Creek Pkwy N
Indianapolis IN 46250
Direct: 317-819-3330
Voicemail: 317-644-0086

Randy Worrell  -  RE/MAX Legends Group       317-819-3330  Direct       317-590-5709  Mobile