March β24 Newsletter
March Recap
Happy happy Easter! March has given sweet respite from the dog days of winter. From St. Paddy's & March Madness to SB2k24 π, things are looking up!
As usual for this time of year, it is getting busy out there! It is still very much a seller's market. Inventory is low low low & buyers are aplenty. But if there is anything we can learn from the Madness of March β who doesn't like a little competition???
π¨ NAR lawsuit π¨
GUILTY! OH THE DRAMA!
If you have been following the news in recent weeks, you have probably seen The National Association of Realtors (NAR) has settled with groups of homesellers, agreeing to pay $418 million in damages and eliminating rules on commissions. Commissions (in our market at least) have always been negotiable, so there is nothing changing there.
What will be changing come July 1st in Indiana is:
1. Buyer broker compensation cannot be listed on the MLS. Currently, agents representing a buyer can see the commission they would be paid directly on our listing platform. Moving forward, it cannot be listed there.
2. Sellers and their agents can still offer buyer agent commissions, it just cannot be listed on the MLS.
3. Buyers working with agents must enter into a written representation agreement with their agents. If you have sold a house, you will remember a listing contract with your agent had to be signed before listing. This is now required on the buy-side too! This means if you want to pop in & see a house, we can't open the door without getting a buyer agent agreement signed.
While no one knows how this will look exactly in our market, we will keep you updated with the transparent, candid communication you can always expect from our team. In the meantime, we will continue to focus on providing the upmost value to every client with exceptional customer service, attention to detail, market expertise, and a high level of quality with every interaction!
π market insights π
Check it out [February '24, single fam residences, Marion & Hamilton counties]:
πΈ rate tracker πΈ
community updates
π[1] Bottleworks - In what seems like a natural expansion, Penn & Beech Candle Co. plans to move from its current spot at 747 College Ave into the growing Bottleworks District.
π[2] Northside - His Place Eatery to open near 86th & Ditch. His Place Eatery, consistently rated as a top soul food restaurant in the city, is expanding. Its current location at 30th & Shadeland and is known for its chicken and waffles, ribs, pork chops and corn flavored with bourbon.
π[3] Westfield - Sun King Brewing Co. plans to open a 8,700-square-foot taproom and food hall in downtown Westfield.
πΆ need pet help? πΆ
βοΈ total eclipse baby βοΈ
When: April 8th at 3:06pm
What: total solar eclipse in Central Indiana
How long?: 3 mins & 46 seconds
Fun Fact: I read this fact somewhere, but now I can't find it & it could be totally (no pun intended) wrong- there is about a 0.03% chance there will be a total solar eclipse where you live in your lifetime.
π K&C March update π
Sellers Closed
Buyers Closed
Buyers Under Contract
Sellers Under Contract
π 6402 Broadway
On the Market
π π Coming soon . . . . π π
A 4 bed, 2.5 bath updated home in sought-after Steinmeier neighborhood
π ABC's of indy - βP' π
πΈ spring cleanin' πΈ
Toβ¦
Do: check those brackets & get ready for NCAA basketball finals (men's - 4/8 & women's - 4/7)
Watch: Masters of the Air on Apple TV & The Gentlemen on Netflix
Read: Been watching too much tv (see above) for a recommendation for this month :)