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Welcome to Hobart, Indiana!

by The Jana Caudill Team

Once the home of the Pottawatomie Indians, Hobart has become a hub for business, family, and recreation with more than a little something for everyone, all within 38 miles of Chicago.  The historic downtown is a quaint, quiet community with small restaurants and specialty stores.  At the lakefront you’ll find summertime concerts, duck races, and endless additional activities.  In Hobart you will discover great retail shopping, numerous community parks for enjoying nature and the outdoors, and fabulous schools and community services thought to be among the best in Northwest Indiana.

Click on our links to learn more about residential Real Estate available in Hobart today!

Interesting Real Estate Related Articles 2

by The Jana Caudill Team

As we said last time, we believe the best way to come to an informed opinion on any topic is to rely on multiple, reputable resources for the information upon which you ultimately base your views.  Here are three more timely articles for our friends and neighbors in Crown Point, Hobart, and Cedar Lake from the end of last year to help shed a little light on the Real Estate landscape for 2014:

REPORT: BIG SHIFT IN US HOUSING MARKET IN 2014

Next year will mark the end of the refinance boom and the start of a market dominated by purchase money lending, the first purchase-dominated market in 14 years, according to Freddie Mac.

By: World Property Channel Staff, November 20, 2013 | To read the article in full, please visit: big shift article

GSES UPDATE SHORT SALE POLICIES

Fannie Mae and Freddie Mac announced changes to their Servicing Guides Monday aimed at helping more borrowers avoid foreclosure through short sales and deeds-in-lieu of foreclosure (DILs).

By: Carrie Bay, DSNews, November 25, 2013 | To read the article in full, please visit: gses update article

FORECLOSED SALES AT U.S. AUCTIONS DOUBLE AS PRICES GAIN

Purchases of foreclosed homes at auctions jumped last month as banks benefited from surging prices and shunned approvals of sales by homeowners dumping their dwellings at a loss.

By Kathleen M. Howley, Bloomberg, November 26, 2013 | To read the article in full, please visit: foreclosed sales article

Interesting Real Estate Related Articles 1

by The Jana Caudill Team

We believe the best way to come to an informed opinion on any topic is to rely on multiple, reputable resources for the information upon which you ultimately will base your views.  Below we’ve listed four interesting articles from the end of 2013, all from reputable resources, to help shed a little light on the Real Estate landscape of 2014.  Whether you’ll be buying or selling a home in Crown Point, Hobart, or Cedar Creek, or not, we invite you to check out the links for the full articles.

INSIGHT: A NEW WAVE OF U.S. MORTGAGE TROUBLE THREATENS

U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country's biggest banks.

By: Peter Rudegeair, Reuters, November 26, 2013 | To read the article in full, please visit: insight article

REAL ESTATE CROWDFUNDING: WHY IT’S A BIG DEAL

Sometimes, when you cover your ears to escape all the chatter about real estate crowdfunding, you may ask yourself, “What is the big deal?”

By: Teke Wiggin, Inman News, November 25, 2013 | To read the article in full, please visit: crowdfunding article

BUILDING PERMITS IN U.S. JUMP TO FIVE-YEAR HIGH

More applications for home construction were issued in October than at any time in the past five years, a sign the U.S. residential real-estate market is gaining momentum heading into 2014.

By Victoria Stilwell, Bloomberg, November, 26, 2013 | To read the article in full, please visit: building permits article

RESIDENTIAL HOME SALES CONTINUE TO CLIMB: REALTYTRAC

Residential property sales, including single-family homes, condominiums and townhomes, continue to rise, increasing to an estimated annualized pace of 5.649 million in October, a 2% hike from a month ago and an increase of 13% from October 2012, the latest RealtyTrac Residential and Foreclosure Sales Report revealed.

By: Brena Swanson, HousingWire, November 26, 2013 | To read the article in full, please visit: residential home sales article

What is a Buyer's Agent

by The Jana Caudill Team

This blog piggy-backs on the previous article, “Buyer Self-Representation.”  The answer to the question Can I represent myself? is Yes, but why would you?

That article naturally leads to the question of agency, and specifically for this article, buyer agency.  A buyer’s agent represents and has a fiduciary duty to the Crown Point, Hobart, and Dyer buyer in a Real Estate transaction.  That’s the simple answer.  The listing agent represents and has a fiduciary duty to the seller in a Real Estate transaction.  This way each side has their own representation.

Here’s where it gets a little sticky.  As the buyer, and to establish the agency relationship with a buyer agent you must have a contract with that agent stating explicitly that you and the agent have an agency agreement (Buyer Agency Agreement.)  Without this formal, signed agreement all Realtors default position in the transaction are to represent the best interests, and hold a fiduciary duty to the seller.

That’s right.  The default status of any and all agents participating in a Real Estate transaction is to have an agency relationship to the seller unless stated otherwise in writing.  It doesn’t matter that the agent took you through twenty homes last Sunday, or gave coloring books to your kids to keep them busy while you toured all those homes.  It doesn’t matter if they are your neighbor, your cousin, or belong to the same PTA board.  If you do not have an agency agreement, in writing, stating that the Realtor is working on your behalf and as your agent THEY ARE NOT YOUR AGENT.  They are just the Realtor who drove you to all those home showings.

Good Realtors want that agency agreement too.  Transactions close more smoothly when each side has someone watching out for their best interests.  Be sure to request a buyer agency agreement from your Realtor.

Displaying blog entries 1-4 of 4