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Cincinnati-area builder Fischer expands to Indianapolis

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A Cincinnati-area home builder is expanding to Indianapolis in hopes of selling as many as 200 homes this year.

Fischer Homes Inc., a privately held company based in the Cincinnati suburb Crestview Hills, Ky., is building in 17 communities around Indianapolis and plans to open an 8,000-square-foot design center at its local headquarters southeast of interstates 465 and 69.

“We think Indianapolis is a great market with tremendous potential,” Fischer President Bob Hawksley said in a statement.

The fast-growing company entered the Columbus, Ohio, market in 2008 after buying subdivisions from retreating builders. Fischer is using the same strategy to establish a foothold in Carmel, Westfield, Zionsville and Avon.

Several top players in the central Indiana residential market have folded in the last few years, including Davis Homes and CP Morgan in 2009. National player KB Home exited the market in 2007.

The local Fischer unit will be led by Tim McMahon, who previously ran the Indianapolis division of Centex Homes.

Fischer has built about 15,000 houses in Greater Cincinnati and Northern Kentucky since 1980. Its houses in the Indianapolis area will range in price from about $140,000 up to the $650,000 range.

Meeting its goal of selling 200 houses would place Fischer among the market's top new-home sellers. Only three builders, Beazer Homes, Ryland Homes and Arbor Homes LLC, built more than 200 houses locally in 2008. 

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  • Happy Customer
    We just finished closing a couple months ago on a home with Fischer. The whole process was handeled fairly well. There were a few glitches along the way, but the construction supv was always right on getting it corrected.

    He stayed in contact with us almost weekly throught the construction process with updates. They have also been fairly proactive after closing with some minor things that came up, which is something that I was worried with. Satisfied with the quality of workmanship throughouth.

    Very professional company being run here in Indy. Most of their employees seem to have come from other builders in the area.
  • Not the only one
    My husband and I are in the same boat as your client and over a year later. I honestly feel like we were working with the same person. We have repeatedly called and left messages and emailed our rep and the design center, as well as Victory Mortgage (the preferred mortgage company) with no response. We even got to the point of borrowing other phones or using another phone in our offices to call just so they might not know the number and answer. We are convinced that they screen their calls.
    Once we signed the contract and handed over the good faith deposit, the sales rep and the rest of the company became ghosts. So much for good faith! They had our money and we had questions... that were never answered.
    They estimated our monthly payments on programs we didn't qualify for and expected that we would be ok because we could possibly qualify before closing. We were promised a reduction in home price or interest rate, but when it came down to it, neither happened.
    If I would have seen this comment before we looked into them, we would have never thought about Fischer for a moment.
    Now we are without a house and dealing with the runaround.
  • Not impressed
    I'm a Realtor and recently sold a client a Fischer home in Columbus. My client was promised the world and NONE of it was delivered. Not only did no one call her to update her on the status of the build (during an over 4 mo process) but they didn't even return her calls! They went through 3 sales reps and 2 superintendants during the process so apparently their staff wasn't very happy either. They charged her for having rough ins which were originally in the contract. When I tried to make things right, I was basically berated and laughed at by the agents representing Fischer (including the regional sales rep). They knew my client was looking to get the $8K tax credit so they used that for their profit. I told one of the many reps I spoke with that I was going to write a blog about their lack of service and he laughed...said "is that like a cult or something". I'm sure he had a good laugh with his friends about it. I didn't think it was funny. Not only have I never seen a client treated like this, most builder reps try to make Realtors happy in hopes of repeat business. In this day and age, most businesses are catering to their customers more than ever...not subjecting them to such deplorable service. This may just be one experience but it's definitely noteworthy and seems indicative of how they are running the company here in Columbus.

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