Downsizing For Your Retirement.

Thinking of Retiring?
Thinking of Retiring?

Downsizing before or during retirement is a smart decision for seniors. It means less upkeep and maintenance with a potentially less expensive monthly payment. Make downsizing easy by following these tips from Mel Foster Co.

  1. Work with a Realtor®

Working with an experienced Realtor® is the best decision you can make when looking to downsize. The seller pays the commission so you have nothing to lose by utilizing professional resources. A Realtor® can help you determine financial qualification, size needed and available listings. Condo purchasing contracts also are very different from other types of residence. Even with out of town listings, Mel Foster Co. has relocation specialists to help you find your new home anywhere in the world.

  1. Determine what Property you Need

You should communicate with your real estate agent to let them know exactly what you’re expecting from your new home. Are you looking for a high-rise, a cozy one story house or a small home with a spacious garden? Have an idea of your needs before you talk with your real estate agent so they can find you a property to exceed expectations.

  1. Find Sufficient Storage Options

The smaller space is a huge plus for many retirees. It means less upkeep and maintenance, but also less storage. If you have furniture, photo albums or decorations, you may want to consider renting a storage locker. They’re inexpensive and can be climate controlled so you don’t need to worry about damage to your more fragile items. Talk with your real estate agent to see if there are any storage options near the properties you’re considering.

  1. Consider a Rental

If you’re concerned about a long-term commitment, consider renting. It’s a great way to see if you enjoy the location in a new area. You can decide later with your real estate agent if you want to find a more permanent home. It’s often more cost efficient to rent, and most maintenance is taken care of by the landlord. It can help you determine what size home you need, and the lifestyle changes that come with downsizing.

Find an agent with local or national experience to find a home where you can comfortably downsize.

Top Five Bathroom Staging Tips.

Bathroom Staging Tips
Bathroom Staging Tips

Home buyers love a beautiful, relaxing bathroom reminiscent of a spa. Mel Foster Co. offers five tips to help you create a beautiful bathroom to attract buyers willing to pay a premium for a gorgeous bathroom.

  1. Create a Blank Canvas.

Start by removing all clutter from the bathroom. Buyers don’t want to see your soaps, hygiene products or medicines. Create an environment where potential buyers can imagine the possibilities of their own personalization.

  1. Clean Extensively.

Once all clutter is removed, clean everything. Every surface from floor to ceiling should be sparkling new looking and fresh smelling. Buyers will pay top dollar for a bathroom that is well maintained and move-in ready. Once you’re finished cleaning, be sure to remove all cleaning supplies or tuck the bottles away in the linen closet or below the sink.

  1. Add Minor Upgrades.

Small upgrades add significant value to your home, especially in the bathroom. Repainting walls, updating the sink faucet and cabinet handles or installing new light fixtures are all inexpensive changes to modernize your bathroom. Stick with classics like stainless steel finishes to create a timeless style to appeal to the majority of buyers.

  1. Replace Towels and Curtains.

Purchasing new towels and shower curtains gives the bathroom a fresh look. White is a great neutral color, providing a fresh and clean finish. Only use your new linens for display so you’ll have an easier time preparing for showings and open-houses.

  1. Add Simple Accessories.

Don’t be afraid to add some accent colors to your bathroom. Including plants or matching set pieces can personalize your bathroom without making buyers feeling like they’re intruding. Don’t go overboard though, one or two items will be enough for most bathrooms.

Ask your agent about other staging ideas to bring top dollar for your home.

Sell Your Home for More with a Pre-Listing Inspection

Have you thought about a pre-listing inspection?
Have you thought about a pre-listing inspection?

The fastest way to derail a pending offer is by having major mechanical or structural issues revealed during the home inspection. One way to get ahead of any possible concerns raised by buyers is by conducting a professional, pre-listing inspection before putting your home on the market.

What is a Pre-Listing Inspection?

A pre-listing inspection is an evaluation of your home that reveals flaws. If your furnace needs to be replaced, or there are leaks in the roof, an inspection will highlight these issues, allowing you to pay for repairs now or set your listing price accordingly for an “as is” property. The inspection deficiencies give you more knowledge and options. Around 80% of all real estate deals are conditional upon home inspections, so be prepared by having an inspection done ahead of time.

Earn More Money by Planning Ahead

It may seem as though paying for a pre-listing inspection is an unnecessary expense, but it’s invaluable. For every $1,000 of perceived repairs, buyers will offer $3,000 to $5,000 less. This adds up quickly if the house needs multiple repairs, especially if roofing or siding needs to be replaced. You need this information sooner rather than later to set a realistic asking price for your home.

Market the House as Inspected

Buyers always want to know as much as possible about the home they’re planning on buying. Make your home stand out by marketing it as inspected and be prepared to share the inspection report with potential buyers.

Not sure who to call for an inspection of your property? Ask your Mel Foster Co. agent for a local, reliable recommendation.

Make Your Perfect Man Cave

Entertaining?
Perfect for Entertaining

A man cave should be a place for a stay at home vacation. It’s an exciting project to begin, here are ideas to help start creating your own personal paradise.

Personalize with Your Preferences

Your man cave is a reflection of yourself. Your hobbies and interests should be represented and on display for everyone to see. Adding jerseys from your favorite athletes, LED signs from your favorite drink and collectible posters gives you an idea of how the room will look and present possible themes to match your personality.

Choose a Theme

Don’t have wood paneling on the walls with modern furniture as decoration. Keeping the theme consistent is important. Deciding early on if you want a rustic cabin, a sports shrine or classic retro look will make buying furniture and decorations a breeze. Use decorations you currently have as a starting point for what theme to choose.

Keep a Fully Stocked Bar

If you have the space, adding a bar is an amazing addition to any man cave. Stylize and stock the bar as if you were open for business. Being able to accommodate any order for friends and family will make your bar even more impressive, even if you have to Google the recipe.

Include an Entertainment Center

Another must have for your man cave is a fully equipped entertainment center. Pick out a TV, add surround sound speakers and you have a private movie theatre. If you’re tight on space, mount the TV on the wall. Include sufficient seating as well, you don’t want people standing in front of the TV during the big game.

Add a Game to Play

Including a pool, foosball, or ping pong table adds an exciting feature to your room. Maybe you have a favorite arcade or pinball machine you played when you were younger. Anything you enjoy playing is a perfect novelty item to complete your cave. Even something as easy to install as a dart board is a great way to spend time with friends and get the party started.

How to Sell Your Home, Fast.

Five Tips for Quick Sale
Five Tips for Quick Sale

Selling your home quickly can be difficult, unless you follow Mel Foster Co.’s five tips for getting off the market quickly.

  1. Price it Competitively from the Beginning

Your home listing receives the most attention during the first 30 days it’s on the market. Don’t set yourself up for failure by overestimating your home’s value. Online comparisons make it easier than ever to determine an accurate value of houses, so make your house stand out by pricing correctly the first time it’s listed. Your Mel Foster Co. agent can help you determine your listing price.

  1. Advertise Immediately

Half the battle is letting everyone know your home is for sale. Your Mel Foster Co. agent will develop a custom advertising plan for you that includes adding your home to the MLS and letting other agents know it’s now on the market.

  1. Showcase the House Online Properly

Over 90% homebuyers start the search for a new property online and the number one way to gain their attention is through high quality photographs. You need something better than awkwardly lit rooms with photos from an outdated camera. Using a professional photographer is the easiest way to get the best photos for your listing. Talk to you Mel Foster agent to help your home stand out among the competition.

  1. Depersonalize Before Listing

Remove family photos, personal art, and collectible items from your home before showing off to buyers. Don’t take it personally, but buyers don’t want to see your life on display. They want to imagine themselves in the house, and your personal accessories make this difficult. Removing these items also has an added bonus of making the home look less cluttered and clean.

  1. Sweeten the Deal

If you’re really in a hurry to get out of your home, offering to pay a portion of closing costs will attract buyers. Consider a shorter closing time so buyers can move in quickly after deciding they want to purchase your home. If you have a large yard and a riding lawn mower, include the mower during negotiations. There are numerous ways to generate additional interest, and asking your agent for ideas will help you find different options to expedite the sale.

Planning for Your Baby

Creating the Perfect Nursery.
Creating the Perfect Nursery.

There are many things to worry about when a baby is on the way, but getting your nursery together shouldn’t be one of them. Here are a few tips to help you have a perfect nursery for your newborn.

Plan Ahead

The most important thing to do is to start with a plan. It’s very easy to get caught up in picking out cribs, toys and diapers, but you don’t want to find out later the curtains you love won’t match the paint you picked out. Be sure to get exact measurements to know how much space you have to work with. Starting with an overall plan will prevent future headaches.

Function over Fashion

Appearances aren’t everything when picking out furniture, paint and decorations. Don’t forget the nursery serves specific functions. You need to be able to change diapers, feed and calm the baby while remaining comfortable. Make sure the beautiful rocking chair you picked out is comfortable for extended periods of time, or the changing table, which fits perfectly with the room, also provides ample storage. You’ll end up kicking yourself if the investments you made aren’t practical.

Create a Calming Environment

You’ll be spending quite a few hours in the nursery, so be sure to create a comfortable environment. Natural colors and adjustable lighting are ideal to create a soothing environment for both you and the baby. If you plan to add fun colors and accessories, consult the color wheel and pick complimentary colors. This allows you to create a personal nursery, while remaining universally appealing if you decide to sell your home.

Be Creative with Storage

A nursery can never have too much storage. Diapers, wipes, blankets, clothing and medication need to be easily accessible. Adding shelves or stacking cubbies provides vertical storage to maintain more organization with less space. You’ll thank yourself when you easily diapers and spare clothes in the middle of the night.

Planning ahead to create the perfect nursery allows you to devote more time to caring for your baby. Your little one won’t be little forever, so enjoy being with them during this exciting time.

Mel Foster Co. Donates School Supplies.

Donating School Suppliles

Mel Foster Co. is donating 45,000 pencils to children in kindergarten through 8th grades, enrolled in Quad City schools and in the surrounding districts. The donation helps ensure young students start the school year with one new item from their school supply list.

Lynsey Engels, President, Real Estate Brokerage for Mel Foster Co. feels passionately about supporting the community, and is especially dedicated to causes that help youth. “Back to school time was always exciting for me and my siblings as children. As adults and parents now, we realize how important it is for a child’s self esteem to be high, especially as they enter a new grade or even a new school after a move. We also know the burden of school supplies can have on families and teachers so that’s why the pre-sharpened pencils were a must.  By giving school supplies, Mel Foster Co. helps to give that little boost that comes with having something new at back to school time.”

Pencils will be delivered to schools the week of 15 August.

“On behalf of the Davenport Community Schools and the Quad Cities First Day School Supply Drive, we are grateful for our newest partnership with Mel Foster Co. Our students always need pencils and this donation will help fill an important, basic need. A strong public education system is important to our quality of life and we appreciate your support for our students,” said Dawn Saul, Communications/Media Relations for Davenport Community School District.

Must Haves for Basement Finishing

Finishing Basement Tips
Finishing Basement Tips

If you’re planning on finishing your basement to raise your resale value, read these tips to make smart improvements that attract buyers.

  1. Keep it Dry

Protect your improvements from water. Before you start any basement renovations, make sure potential leaks are stopped. You don’t want your time, money and effort to be wasted due to water damage.

  1. Add a Vapor Barrier

Even after patching up any leaks, your basement can still feel or smell damp, which is a turn off to potential buyers. Adding a vapor barrier to the walls and floors before finishing will help your basement show well. You can check the barriers after a day or two to see if moisture is gathering. If there is significant moisture, you may need to add additional barriers.

  1. Add the Proper Insulation

Insulation doesn’t only help control the temperature, it can also add another layer of moisture protection. Choose an insulation that has a vapor barrier on both sides for added protection.

  1. Finish with Drop Ceilings

Drop ceilings are an easy way to conceal any plumbing or electrical lines without any major construction. If something does go wrong while renovating the basement, it’s easy to remove tiles to access the pipes and wiring. Keep in mind drop ceilings reduce the amount of overhead space.

  1. Install Recessed Lighting

Recessed lighting is a fabulous idea for any basement. It fits perfectly into drop ceilings while providing minimal and easily concealable wiring. It also provides invaluable amounts of space that hanging light fixtures would otherwise take up.

Avoid these Mistakes When Buying a Home

Are you making these mistakes?
Are you making these mistakes?

Buying a home isn’t always easy, especially for first time buyers. Knowing the more common mistakes will cut down on stress during the process.

  1. Not Seeking Professional Guidance

Starting the home buying process alone isn’t a good idea, especially if it’s your first time buying. Hiring an agent is a smart choice to help with the home search, negotiations, finances and closing. Agents are an incredibly valuable asset for any home buying situation.

  1. Missing Hidden Costs

Property insurance, taxes, maintenance and utilities are costs often forgotten during the excitement of buying a new home. Keep in mind these costs generally increase every year. Even if you can afford it now, ask yourself if you can afford it in the future.

  1. Skipping the Loan Preapproval Process

Being preapproved for a mortgage helps narrow your home search by directing you to homes within your budget. Talking to someone in advance will help set realistic expectations, and offer peace of mind knowing what homes will fit your budget appropriately.

  1. Depleting your Savings

It may seem as though you have the perfect amount of money in your savings to buy your home and move in, but if you’re emptying that account to buy a home, it means the home is too expensive. Ideally you’ll have saved enough money to buy your home, move and cover expenses for six months without pay. This is a safety net if you lose your job, so don’t blow all of your money on a home you can’t afford.

  1. Making Large Purchases after Closing

Celebrate buying a home with major purchases before closing may seem exciting, but lenders check credit scores to be sure your financial situation hasn’t changed. Putting new furniture or appliances on a credit card before your closing date may negatively affect your credit score. And adding new loans may jeopardize the original mortgage you were hoping to receive. Don’t learn this lesson the hard way and have this mistake cost you the home you were counting on.

MEL FOSTER CO. AGENTS RANKED AMERICA’S BEST

Mel Foster Agents Named America's Best
Mel Foster Agents Named America’s Best

Mel Foster Co, is pleased to announce that several of their agents have been named as one of America’s most productive agents as a part of REAL Trends America’s Best Real Estate Agents, the ranking report produced by REAL Trends and sponsored by Zillow Group.

REAL Trends America’s Best Real Estate Agents ranks over 12,000 residential real estate agents solely based on their excellence in real estate sales during calendar year 2015. To be included in the ranking, agents must have closed at least 50 transactions, compared with the industry average of seven, or $20 million in closed sales volume.  This ensures that only the best of the best are included on the prestigious list.

The rankings are complied based on survey from virtually every national branded network, many state and local associations of Realtors®, multiple listing services, all applicant from past years’ rankings, and the 1,600 largest brokerage firms in the United States.  Verification from an independent source is required for all submissions.

The real estate agents are ranked in two categories:

  • Individual agent – Sales volume
  • Individual agent – Transaction sides (in each real estate transaction there are two sides that can be represented by a real estate agent; the buy side and the selling side)

For Individuals by Volume, in Iowa, three Mel Foster Co. agents ranked in the top ten:

  • Brad Boeye, Kimberly Road office, ranked #2
  • Geri Doyle, Davenport I-74 office, ranked #3
  • Lucky Lang, Davenport I-74 office, ranked #7

For Individuals by Sides, in Iowa, eight Mel Foster agents ranked out of 104:

  • Lucky Lang, Davenport I-74 office, ranked #3
  • Brad Boeye, Davenport Kimberly Road office, ranked #10
  • Geri Doyle, Davenport Kimberly Road office, ranked #31
  • Scott Kelling, Davenport I-74 office, ranked #44
  • Mary Leslie Douglas, Clinton office, ranked #63
  • Norm Marcov, Davenport I-74 office, ranked #88,
  • Dan Schneckloth, Davenport I-74 office, ranked #94
  • Rick Schwanz, Davenport I-74 office, ranked #97

For individuals by Sides, in Illinois, four Mel Foster Co. agents ranked out of 276:

  • Diana Franks, Geneseo office, ranked #65
  • Jackie Turner, Galesburg office, ranked #222
  • Debbie Wright, Kewanee office, ranked #235
  • Peggy Tossell, Kewanee office, ranked #250

“With today’s release of the 2016 America’s Best Real Estate Agents list, an elite group of real estate agents across the country are receiving well-deserved recognition. These sales associates are far above average and have built enormously successful small businesses in an extremely competitive field,” said Steve Murray, president of REAL Trends.

“We are thrilled to have our agents be a part of this highly successful real estate group, which shows how hard these agents have worked, their dedication to the industry and their business,” said Lynsey Engels, Mel Foster Co.’s President Real Estate Brokerage.


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