Real Estate In Light of Yesterday’s Executive Order

Yesterday Indiana Governor Eric Holcomb issued Executive Order 20-08 directing Indiana residents to remain at home to help stop the spread of COVID-19. This order is takes effect today, March 24, at 11:59 pm, and remains in place until 11:59 pm on April 6.

Under this order, real estate is listed as an essential business (including appraisal and title services), which means that REALTORS® may continue to help their clients find the comfort of home in the midst of current circumstances and events. However, in an effort to remain safe and follow all precautions, this is not business as usual.

During the process of real estate transactions, it is imperative that we all (brokers, buyers, and sellers) follow the travel and social distancing requirements of the executive order. These requirements can be found in number 16, section A, and number 17, but here are the main points:

  • Keep six-foot distances
  • Do not shake hands
  • Wash hands with soap and water for a minimum 20 seconds and do so frequently
  • Clean high-touch surfaces on a regular basis
  • Have hand sanitizer and sanitizing products readily available
  • Maintain separate operating hours for vulnerable populations
  • Post your hours of operation and how to best reach you online
  • Travel related to the provision of essential business services is allowed (Number 14 includes real estate as an essential service)

REALTORS® are taking the lead on these requirements as they apply to the real estate industry, committing to strictly following the Governor’s executive order so that we can defeat this virus. If you have questions or concerns, please call your real estate professional to talk through next steps on your transaction in the midst of these new orders. 

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.

How You Can Support Local Businesses Amidst COVID-19

There is no doubt that our current crisis with COVID-19 is causing increased strain on local business and small business as storefronts, restaurants, and more have limited access or are closed completely to the public. But did you know that there are still SO many ways to continue to support these businesses while still following the CDC recommended guidelines that have been put in place?

Here is an easy list of ideas that you can do to help keep the local economy afloat and support families and individuals in your own community:

  1. Order takeout or delivery.
  2. Pay with plastic when possible.
  3. Share hoarded sanitizer with local businesses.
  4. Buy gift cards for later.
  5. Simply check in with business owners and employees – let them know you haven’t forgotten them!
  6. Shop small, even online.
  7. Call in your orders.
  8. Have understanding and grace when businesses have to make the hard decision to close their doors or seating temporarily.
  9. Lastly, always consider how you can shop the “small guys” before the “big guys.” Chains can recover far more quickly from a month or two of set-backs, while the same set-back could mean the end for many local businesses.

Let’s look out for one another!

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.

 

Monthly Market Update: February 2019 vs. February 2020

Comparing the stats year to  year ensures that North Eastern Group Realty’s agents all have a full understanding of the current real estate market. This most recent update comparing February 2019 to February 2020 is a great tool not only for your agent, but for you as a buyer and seller. We want to keep YOU informed as well. Take a look at the stats and what they mean for us right now:

Real Estate News: What Does the Federal Reserve Rate Cut mean for Mortgages?

We know that many of you are reaching out with questions surrounding the Federal Reserve rate cut, and what this means for mortgages. Ruoff Mortgage recently posted this great article shedding light on the current situation. Check out this informational graphic they have provided, then head on over to their  article, “The Mortgage Industry in Light of Recent Interest Rate Cut” to learn more.

Real Estate News: What Does COVID-19 Mean for Your Real Estate Closing?

We recognize that with the global COVID-19 pandemic comes many questions, including those related to your current and ongoing real estate transactions. Many buyers, sellers, and brokers are concerned with attending closings during the current push for social distancing and self-initiated quarantine, and we want to provide you with the latest news from the Indiana Association of REALTORS® (IAR).

Last week the IAR hosted a call with many leading managing brokers from around Indiana to address many concerns amidst the virus outbreak.

Regarding attendance at closings, although Indiana license law requires broker attendance, there is an exception that if you, as the client, do not want to attend, then your broker does not have to attend either. Within this exception, remote closings or requests not to appear in person are a possibility.

If you are not able or are unwilling to attend a closing, communicate with your broker, advise of the circumstances, and let them know that you will be available virtually, by phone or some other acceptable means of communication. Your broker will then document this disclosure as you move forward in your transaction.

Acting in good faith pursuant to emergency Centers for Disease Control and Prevention (CDC), local, state, and national guidelines in these unusual circumstances should protect both you, the client, and your broker from any violation of Indiana license law. As always, we are attentive to any guidance provided by the Indiana Real Estate Commission (IREC) and we will continue to update our clients with the latest news. Please reach out to your trusted real estate professional with any questions and concerns you may have in these unique times.

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.

 

So What Exactly IS Social Distancing?

These days, in our current social, global, and physical environments, it is imperative that we seek facts over fear as we navigate the implications of the Coronavirus and what this means for us as individuals, for our friends and family, for our workplace, and more. With hot topic buzzwords like “social distancing” being thrown around each day, it’s easy to become fearful or even confused as to what exactly we should – and shouldn’t – be doing to help contain the spread of this virus.

We came across this article posted yesterday by USA Today and felt that it provided some great insight into clearing up some of the common misconceptions about what social distancing actually means, and how we can practice it. Share this article with your friends, family, co-workers, and whoever may need to better understand how to protect themselves and others from the spread of sickness. We are in this together – let’s stay on top of the facts and remain informed.

We want you to know that here at North Eastern Group Realty, we continue to take the necessary pre-cautions as we help you navigate buying and selling homes in this time. Reach out to your trusted North Eastern Group REALTOR® if you have questions about this process in light of Coronavirus. We have solutions and are still ready and able to help you buy or sell your home.

 

North Eastern Group Realty Welcomes Helen Hunt!

North Eastern Group Realty is excited to announce that Helen Hunt has joined our firm.

Helen is a Fort Wayne native whose specialization in client care and background in customer service has become indispensable to her career in real estate. Her industry knowledge and expertise is complimented by the use of cutting edge technology, professional photography, free consultations (including comparative market analysis) and more.

Helen navigates the selling and purchasing processes by being proactive; troubleshooting common problems and helping clients make their own decisions based on facts. With her own network of trusted licensed professionals, inspectors, loan officers, HVAC, general contractors, painters, electricians, and plumbers, her clients always have access to the services they need, from the most proven and trusted professionals.

Working with Helen as your licensed REALTOR® ensures that you, as a buyer or seller, will have confidentiality, thorough communication, and skillful negotiation from start to finish in the buying or selling process.

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.

Market News: Explaining the Housing Affordability Crisis

Did you know that 49% of home buyers are looking to buy homes priced under $250,000? This number comes from a recent study buy the NAHB, where economists have calculated the number of households able to afford a home at varying price thresholds, based on the underwriting standard that a mortgage, property taxes, and property insurance should not exceed 28% of household income.
While the pyramid above shows that 7.2 million households have enough income to buy a $850,000 home, and 2.2 million even have enough for a home priced at $1,550,000, analysts cannot deny the larger tiers supporting the pyramid’s base.
This graph helps put housing affordability concerns into perspective, revealing that out of 120 million households, 63 million cannot afford a $250,000 home. Where do you fall on the pyramid?
For the full article posted by the National Association of Home Builders, click here.

North Eastern Group News: New “Cobble Creek” Development at Carroll and Hand Roads

One of The North Eastern Group’s newest developments, Cobble Creek, is now open for building. Cobble Creek is located in highly-sought after Northwest Allen County and the wonderful NWAC school district, on the southwest block of Carroll Road and Hand Road.
This community boasts a gorgeous 5 acre lake and has 77 home sites, open to all builders. Lots in Cobble Creek average 85 feet in width and home sites will be mid 60’s to upper 80’s with a minimum square footage of 1600 sf for a ranch and 2000 sf for a 2 story.
For additional information on home sites contact Kim Ward at 260-437-9844 or Kim@NorthEasternGroup.com.
Take a look at the plat for Cobble Creek by clicking this link: CobbleCreek_122019

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.

North Eastern Group Realty News: Giving Back to Families in Need

In addition to our annual tradition of collecting canned goods, each year North Eastern Group Realty takes nominations for families in need of assistance during the holiday season. From the nominations we received, we selected two families to provide assistance for this year.
The first of our nominated families has six children under the age of 15, five of whom were adopted with disabilities and the sixth with heart issues. In addition, the mother just found out she has a brain tumor. This family rents a home managed by one of our agents and are very close to eviction because they can not pay rent. We have been able to step in and help get this family’s rent caught up and more during this very difficult season.
In addition to the first family, we have also been able to help out a single mom with three daughters who needed help providing Christmas gifts for her family. Her daughters are ages 9, 5, and 1. We were able to overwhelm this family with a generous amount of gifts and some financial support.
It is always a great joy to us at North Eastern Group Realty to serve our community in this way each year at Christmas.

At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR®, visit our website at NorthEasternGroup.com.

North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.