FIRST TIME BUYER

Profile picture for KhawajaOwaisOmar
HI  I am a physician and new to this area , just wanted to find out that  I am looking for a property in 100-150000 range condo/town house for investment( I will rent it out ) but unsure of  real estate trends in carmel and future outlook , plz help me and I will app a call 
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September 20 2011 - Carmel
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Answers (4)

Profile picture for JasonEngle
There are multiple ways to invest in real estate in the Indianapolis market.  I have a series of questions that I would like to share with you in order to jointly determine the most appropriate investment strategy. 

Jason Engle

Sales Manager

CENTURY 21 Scheetz

[contact information removed by Zillow moderator] 

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December 23 2011
Profile picture for MDBaldwin
Hello,

Welcome to Carmel.  You'll find it's a great place to live with plenty to do.  The investment forecast for Carmel is stable.  You'll find Central Indiana doesn't have a great variation year to year in pricing/value.  The large drop we've seen over the past few years is basically over and prices have again stabilized.  I would be looking for something near the Monon Trail as a rental investment in that price range.  The incomes are good near downtown and there are investments available.  Please contact me any time to discuss your needs further.

Thanks,

Mark
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October 25 2011
Profile picture for the_country_hick
To see local trends look at the local info tab above.

As a shortcut it leads to the 2 links below.
http://www.zillow.com/local-info/IN-Carmel/r_17309/

http://www.zillow.com/local-info/IN-Carmel-home-value/r_17309/

Sadly, many agents do not represent this well. Looking online on sites like this often will serve you best.

Before you rent out a house find out the vacancy rate in your area and include room for repairs, management fees, and profit. Doing a lot of research into real estate investing before ever buying  house is a smart move.
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September 20 2011
Profile picture for wetdawgs
welcome to Zillow.

Here's a link to get you started in understanding real estate trends in Carmel
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September 20 2011
 

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