How does MIBOR relate to purchasing a home in Indiana?


Quick Answer

MIBOR is the acronym for the Metropolitan Indianapolis Board of Realtors, which is an association of real estate professionals in central Indiana, according to MIBOR's website. The association provides services and support to real estate agents in central Indiana, including property listing services and professional promotion that helps the region's prospective real estate buyers and sellers find a licensed realtor in their area. Individuals who want to purchase a home in Indiana can use MIBOR's buyer and seller resources, including the database of MIBOR-associated real estate agents, to facilitate their purchase.

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Full Answer

Individuals who want to buy a house in Indiana do not have to use a MIBOR member realtor in order to purchase a home. However, it can be a good idea to work with a licensed realtor when shopping for a house, recommends the National Association of Realtors. These professionals have up-to-date knowledge on local laws and financial regulations regarding the purchase of a piece of property, and this can be a helpful part of the process of securing a new home.

In addition to providing professional services for realtors in central Indiana, MIBOR provides online tools such as housing and census data repositories. The organization has a database known as the Stats House that allows users to view this data and compare the housing market in different parts of central Indiana.

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