In order to give you some insight into buying and selling homes in Indianapolis, IN and surrounding areas, we sat down with Erik Spersrud, the Indianapolis New Again Houses® franchise owner, to get his unique perspective. Here’s what he had to say.
Meet our Indianapolis, Indiana expert:
Beyond their professional pursuits, the couple shares a passion for various hobbies. They enjoy spending time boating, biking, swimming, golfing, and exploring different culinary experiences by dining out. With their diverse interests and shared commitment to their new venture, Erik and Jennifer are ready for an exciting journey in the world of house flipping.
Erik Spersrud, a Chief Operation Officer of 11 automotive dealerships, is a dedicated professional in the automotive field. With two grown children, Erik has successfully balanced his career and personal life. In 2019, he ventured into part-time house flipping and has since found great enjoyment in it. Now, Erik and his wife Jennifer are looking forward to transitioning into full-time house-flipping as a joint venture. Jennifer, on her part, has made valuable contributions to the field of celiac disease and gluten-free living through her published books.
Where we buy & sell homes in the Indianapolis area:
Indianapolis New Again Houses services Indianapolis Northwest including Plainfield, Zionville, Carmel, Danville, Westfield, and other nearby communities in Hendricks and Marion County area.
What makes Indianapolis special or unique?
What makes Indianapolis special is its family-friendly atmosphere. Additionally, the abundance of older homes in desirable neighborhoods offers great potential for flipping properties and preserving the charm of historical houses. With a range of local attractions, residents and visitors can enjoy a variety of activities—and the area stands out as an ideal place to live, visit, and invest.
Any local trends you’re seeing in Indianapolis?
Within our territory, we are witnessing some notable local trends that are shaping the community in positive ways. One significant development is the establishment of major shipping hubs such as FedEx, Amazon, and UPS. These hubs have brought an influx of high-paying warehouse jobs to the area, creating employment opportunities and boosting the local economy. The presence of these prominent companies not only provides stability and growth but also indicates the region’s attractiveness as a hub for logistics and distribution. This trend has sparked revitalization efforts, attracting more people to move into the area seeking employment and a thriving community.
How are current market conditions impacting Indiana?
Indiana is currently facing an inventory shortage, especially in the real estate market. The high demand for housing has outpaced the available supply, resulting in intense competition for homebuyers. Bidding wars and rising home prices have become common, favoring sellers and making it difficult for buyers to find affordable properties. This shortage has also impacted the rental market, leading to increased competition and higher rental prices.
How many houses have you purchased in the Indianapolis area?
I have purchased 15 houses in the local Indianapolis market.
What’s the one thing you are most proud of?
The one thing I am most proud of is being the COO of the largest automotive group In Indiana. I am also extremely proud of buying the Indianapolis New Again Houses franchise—and I’m very excited to see where this opportunity takes me!
What’s the one thing you dislike most about having to sell a house?
The one thing I dislike most about having to sell a house is home inspections.
What’s one of the most memorable projects you’ve worked on and why?
One of the most memorable projects I’ve had the opportunity to work on is the renovation of the historic home located at 3609 Winthrop Ave. This project holds a special place in my heart due to the unique blend of preserving its historical significance while incorporating modern upgrades. Witnessing the transformation from a neglected state to a revitalized masterpiece was truly rewarding. The project not only preserved the heritage of the property but also provided a renewed sense of life and purpose to the home. Working on this historic home at 3609 Winthrop Ave allowed me to play a part in preserving the past while creating a beautiful living space for future generations to enjoy.
Witnessing the transformation from a neglected state to a revitalized masterpiece was truly rewarding.
What is your personal guarantee that would make a seller in Indianapolis want to do business with you?
The personal guarantee I make is that I put a lot of quality work and upgrades in my houses.
Looking to Sell Your Home for Cash in Indianapolis, IN?
Partnering with New Again Houses allows you to let go of the stress associated with waiting, contingencies, banking processes, and property cleanup. Our unique approach to buying houses with cash provides a quick and hassle-free solution. With the ability to close in as little as 7 days, we offer a swift transaction that saves you time and effort. Additionally, we take care of all closing costs, and we are here to help you navigate any challenges that arise. By choosing New Again Houses, you can rest assured that we will handle all the obstacles that typically arise during the property selling process.
New Again Houses® was founded in 2008 as a way to transform old houses into new modern homes through a culture of innovation, ownership, and win-win relationships. For homeowners looking to sell their home fast and sell their home for cash in Indianapolis, IN and surrounding areas, Indianapolis New Again Houses is the perfect place to get started! Contact Erik Spersrud today and sell your house in any condition!