Finally Congress has come up with a good idea.  They are working on a bill which would allow home owners to renegotiate the terms of their mortgage instead of going into foreclosure.  This is good news for everybody including home owners, loan institutions, and everybody involved in the housing market.

I would be afraid to make any prediction like that.  I can say ,though, that I have received more inquiry calls from serious home buyers in the first few days of 2009 than in the last 2 months of 2008. Those buyers must think so. This is of course a case of the most unscientific pole and does not represent the opinion of Jim Pry or Gammon Realty.

Prices of  homes have fallen significantly from a year ago.  Interest rates have also fallen and one can get a 30 year loan for 5.5%.  I would not dare to predict if home prices will go up or down from here, or what interest rates will do.  I do know however that by time you turn on a TV News program and hear a so called expert tell you it is time to buy the bargains will be gone.

Indiana has created a website for new homebuyers full of useful information including the sales disclosure forms necessary to aplly for tax exemptions. To check it out click Here.

With the ever increasing cost of energy many home owners are having to make hard choices between paying their ulitility bills, mortgages, or food bills. We, as Americans, must look for alternative energy sources or go broke. Wecansolveit.org has many good ideas on how we can do that. Check them out by clicking here.

This can be a harrowing experience.  It is not just important to choose the right loan company, but also the right loan officer within the company. Choosing a bad company can result in a bad result.  There are a lot good loan officers, but there also some not so good ones too.  Three good ones in  Southwestern Indiana are Joe Salpietra at Star Mortgage, Sherri Scott at 5th 3rd Bank , and Christi Evans at Integra Bank. You can get in touch with any of these loan officers by clicking on there company

I found this great website which will give any buyer tips about buying any home, no matter what type of home you might be interested in. Just click HERE, and then email me with any followup questions. Happy Reading!

With all the flooding throughout Indiana I thought it might be helpful to have at least a starting point to get bids for repairs.  If you click HERE you can log in your city and get a quote.  As always I would suggest though you get more than one quote

With a steady diet of seemingly bad news about the housing market coming from the national media people could become panic struck.  The good news is that here in Southwestern Indiana home prices did not rise as rapidly as some of the so called hotspots in the nation. Therefore they have not fallen as much either. If you live in Southwestern Indiana and want to know what you home is worth, just email me ar call me at 812-204-1633.  I will be happy to give you a free Comparative Market Analysis.

The good news is that my property tax on my home has been cut in half! After talking to several other people their tax bill was decreased by even more. If you live in Vanderburgh County find your new tax assessment by clicking Here.