Syed "Moe" Mohammad

02/06/2018

It appears predictions of higher rates are coming true.

Most major housing agencies and groups are predicting higher rates for 2018.

Mortgage Bankers Association: 4.6%
Fannie Mae / Freddie Mac: 4.5%
Realtor.com: 4.6% average, reaching 5% by year-end
National Association of Realtors: 4.5%
Kiplinger: 4.4%
National Association of Home Builders: 4.34%
What do these forecasts mean for the home buyer and refinancing household? It's possible that you will pay more for a house, or reduce your savings from a refinance by the end of the year.

Fortunately, rates are still near half their historical average. There's still time to lock in current rates before they rocket higher.

Courtesy of: https://themortgagereports.com/32667/mortgage-rates-forecast-fha-va-usda-conventional

February will be a pivotal month for mortgage rates. With a new tax code and the economy picking up steam, what does this month hold?

02/05/2018

11/10/2015

REDUCED: Great 3BR/3Bth, Study, Spacious living & family room Vaulted ceiling, wood floor Kitchen, Eat in & Foyer, Stainless Fridge and matching Brand New Dish Washer, MBR has his/her walking closets with a full bath. Enjoy huge finished basement, wired Bonus room and a Full bath. Wet bar with electric range, nice open Rec Room and Laundry room. Welcoming Wood Foyer, Privacy Fenced b/yard, Close to community Tennis court, pool, basketball, Club house. Pre-wired for Security System and A/V.

http://matrix.miborblc.com/matrix/shared/t7k0YrJ4Pd/5742MimosaDr

08/12/2015

A rare merger...

Mergers are fairly rare in the home building space because builders mostly want land and do not want to pay a premium for operations.

07/08/2015

Anderson REALTORS® Join MIBOR

Earlier this year, the members of Anderson Madison County Association of REALTORS® voted to dissolve their organization and formally merge with MIBOR. REALTORS® in Anderson have been BLC® subscribers for nearly 15 years, but maintained their Board for all other association services. As of July 1, all 165 active REALTOR® members will be full MIBOR members.
MIBOR leadership and staff have been working with Anderson leadership and the general membership for the last few months to complete the transition. Patty Kuhn, who has served as the Executive Director for many years, joins the MIBOR staff to continue her work in government affairs, economic and community development. Patty will continue to assist in the transition and be instrumental in integrating MIBOR’s presence into the expanded footprint of Madison County. Beginning later this year, Madison County will also be a recognized Division of MIBOR.
Source: MIBOR

02/16/2015

Buying & Selling a Home

You’ve heard it said many times; buying or selling a home is likely the largest financial decision most of us will make. Consumers are armed with more information than ever before about buying, selling, staging, mortgages, the state of the housing market – you name it. Data about the housing industry is our market is readily available. Interpreting that data to your advantage is another matter.

A REALTOR® can serve as your guide, counselor and advocate in the buying and selling process. REALTORS® can perform a staggering 184 individual duties to get to a successful closing. Take a look at the list of transaction steps to get an idea of how these professionals get you to "Clear to Close" - The Transaction List

REALTORS® are also neighborhood and community experts and professionals at negotiating and leading you through the process of buying or selling your first home or your 15th home.

02/16/2015

Whether you are buying or selling for the first time or consider yourself a veteran, here are some things to keep in mind.

Select the Right REALTOR® for You

1.Talk with recent clients. Ask potential agents for a list of clients they have helped in the last year. Contact them as ask about their experience.
2.Talk to your friends, family and co-workers who they have worked with. Referrals can be the best source.
3.Make sure the agent is a REALTOR®, a member of a local board of REALTORS®. In central Indiana, just ask the agent if they are a current member of MIBOR.
4.Ask the agent if he or she has any advanced designations such as CRS or SRES and ask them what those designations mean for you.
5.Browse at the agent’s current listings online.
6.Interview multiple agents. You are establishing a relationship so select someone you will be comfortable with

Source - MIBOR

02/16/2015

What is the BLC® listing service?

BLC® stands for Broker Listing Cooperative® listing service, and it's just that: a cooperative collection of listings owned by the brokerages within the MIBOR service area and provided to REALTORS®. (Source - MIBOR)

Essentially, this is the same listing service that is used by big companies, small companies, and in between ...... The Ethics and compliance with the Code is what differs one from others....