Davenport Homes for Sale – Page 8

Use the Rent vs. Buy Calculator

Posted on September 16, 2015

The question of should I rent or buy a home has been around forever. With rent prices rising, now is the perfect time to reconsider your housing options and figure out if owning is cheaper than renting.

The first thing you need to decide is how long you’re planning on living somewhere. If you only intend to stay for a year, renting is usually the better option. Renting has upfront costs that are lower than a down payment to buy a house and you often receive this money back when you’re finished renting. Buying a home requires a down payment, which is a certain percentage of the sale price or home’s value.

Also be sure to consider the benefit of stable monthly costs with a mortgage vs renting. Keep in mind with a mortgage, you can have the monthly cost fixed and it will be consistent until you have paid off the amount due. Often landlords will raise rents at the beginning of each year. This may be a small percentage raise, to hundreds of dollars added to what you initially thought you were going to pay.

If you are still wondering whether you should rent or buy, check out Mel Foster Co.’s rent vs. buy calculator. You can enter the price of the home with your expected interest rate and find out what your monthly payment will be. You can compare this to your monthly rent payment, and determine if buying a home would be a better solution for you.

Stage Your House by Following the Golden Rules

Posted on September 2, 2015

You’ve decided to sell your house, but how do you make sure potential buyers see it at its best? Follow these golden rules to properly stage your house and get the top dollar when you sell.

1. Remove personal items from your home.

When someone is looking at your home, you want them to be able to see themselves living there. If you have pictures of your family and friends, it seems less like a blank canvas for someone to paint their own story on and more like a stranger’s home. You want potential buyers feeling all of the possibilities that come with buying your house.

2. Maximize the space in your home.

You want your home to appear as large as possible. You want to present a clutter free home that looks taken care of, and capable of holding someone else’s possessions. You want buyers to imagine their things in the home, which is difficult to do if it looks cramped. A major mistake people make is trying to hide everything in closets, which makes it appear as though the home has no closet space. Consider renting a storage unit for nonessential items while your home is on the market.

3. Make sure your home is clean and sanitized.

This may seem like a no brainer, but you want to be sure your house is sparkling clean. Clear off and wipe down counter tops, and make sure bathroom floors are cleaned. A simple trick to make your home seem more open and clean is to hang up small white bath and hand towels to create a spa like feeling to your home. You want your home to look spotless so potential buyers know it has been taken care of.

4. Modernize your home furnishings.

You want your house to look up to date so there is less work for a buyer to do after purchase. Update your older cabinets with a fresh coat of paint and new silver or stainless steel handles. It’s a quick, affordable switch that can make your home look more modern. Don’t neglect your floor either. Something as simple as adding a new rug may really tie the room together.

5. Use neutral colors in your home.

You may love your daughter’s bright pink room, but it may alienate potential buyers. It may clash with their furniture and be seen as an additional project that might deter them from buying your home. Try to stick to more neutral colors such as grey or white so anyone can be pleased by the color scheme. You can also use this strategy for setting a table or kitchen island, so it creates a nice calming feeling when you enter the room.

Are There Signs It’s Time to Sell?

Posted on August 20, 2015

You may have been thinking about it for a while, but it’s hard to decide when to put your home on the market. Mel Foster Co. offers this quick checklist to make the decision a little easier for you.

1. Do you have enough space in your home?

If you have physically outgrown your space, it might be time to start looking for a new home. If your special someone has moved in or you’re starting a family, it might be time to sell. Even buying new furniture that you love, and feeling a little cramped once you move it in, might mean you’re needing a larger space.

2. Are homes selling quickly in your neighborhood?

If you’re driving around the neighborhood and notice many for sale signs going up and homes selling fast, it could mean your area is popular and potentially selling above market value. This is a great time to call your real estate agent and find out more about selling your home. It might be worth more than you think.

3. Is caring for your home becoming too much of a burden?

If you’re no longer enjoying home improvement projects or renovations you might want to find a new home that is less labor intensive. If you’re planning on selling in the future, be aware lack of maintenance may decrease your home’s value. Be sure to act fast before you lose a valuable opportunity to show your home at its best.

Mel Foster Co. Marple elected for NAR officer

Posted on August 20, 2015

Lynsey Engels, President, Real Estate Brokerage at Mel Foster Co. Inc. is pleased to announce that Don Marple of their Davenport Kimberly Road office is on the list of 2017 Eligible Candidates as Regional Vice-President for Region 8 for NAR elected office per the Credentials and Campaign Rules Committee. The eligible candidates will be elected for office at the May 2016 NAR Board of Directors meeting in Washington, D.C.

Don has been a licensed Realtor^® in Iowa for more than 38 years, and has worked at Mel Foster Co. in Davenport since 1995. He has been an active member of the IAR since 1980, serving on numerous committees, including past chair of the annual convention, and member of the education, consumers affairs, technology and member services committees. He served as IAR president in 2013, president-elect in 2011 and treasurer in 2010. He received the IAR President’s Special Recognition Award in 1995 and 2014 Iowa Realtor of the Year. He has also been a member of the Realtor^® Foundation of Iowa Board of Directors.

Marple is presently serving on the National Association of Realtors^® (NAR) – Public Housing and MLS Policy Committees. Marple also served as a commissioner on the State of Iowa Real Estate Commission from 2004-2007.

Marple has also served in various leadership roles on his local board, the Quad Cities Area Realtors^® Association, including 2002 president, secretary/treasurer, and as a member of several committees. He received Realtor^® of the Year Award in 1998 and the Bert Frahm Award for Outstanding Dedication and Service to the Real Estate Industry and to the Community in 1995. He has earned several of real estate’s highest designations, including Graduate, Realtor^® Institute (GRI), and Certified Residential Specialist (CRS).

Marple is very active in his community. He is currently a commissioner on the Scott County Condemnation Board. He has also served as past president for the Donahue Sportsman Club and was a founding member of the North Scott Soccer Club. He has been a Junior Achievement volunteer in the North Scott School District for the past 19 years, as well as a long-time volunteer with the Cub Scouts and Big Brothers/Big Sisters.

Eilers Nominated

Posted on August 18, 2015

MEL FOSTER CO. EILERS NOMINATED

Lynsey Engels, President, Real Estate Brokerage at Mel Foster Co. Inc. is pleased to announce that Marty Eilers of their Bettendorf office has been nominated for The Good Neighbor Award, which is sponsored by the REALTORS® Foundation of Iowa. The Good Neighbor Award recognizes Realtor® members in Iowa that are making positive changes in their communities by helping others. The award winners will be announced on Thursday, September 24^th at the Awards Breakfast held at the IAR Annual Convention in Altoona, Iowa.

Marty is a member of the Quad City Area Association of REALTORS®, Iowa Association of REALTORS®, Illinois Association of REALTORS®, National Association of REALTORS®, and the Quad City Builders and Remodelers Association. He was nominated for his involvement in the Building & Trades Project, Inc. which is a project giving high school students experience and exposure to the home building process from start to finish.

Getting Back Into the Home Buying Game

Posted on August 15, 2015

If it’s been a while since you’ve bought or sold a house, you’ll be surprised how little actual paperwork there is now. The trend is paperless transactions, meaning documents are viewed on your computer and you may not have any hard copies. It can be a little intimidating, but your Mel Foster Co. agent can help you navigate your digital options. Here are a few things to discuss with your agent:

1. How will you communicate with me: by phone, e-mail or text? Let your agent know what you are most comfortable with and you will be accommodated.

2. Can you walk me through opening documents on my computer and how to sign digitally?

3. Can I get paper copies of everything if I don’t use a computer?

Don’t be afraid to ask your agent for help and don’t feel pressured into storing documents electronically if you would prefer to have them physically. Mel Foster Co. has several Senior Real Estate Specialists® that might be a good fit with your technology comfort level.

Check out Mel Foster Co.’s senior services. This link lists services Mel Foster Co. offers to help make it easier to get back into the home buying game.

Fix Up Your Home for Energy Savings

Posted on August 13, 2015

Now that summer is here, home improvement projects are in full swing. Take advantage of the warmer temperatures to improve your home’s energy efficiency throughout the year.

Keep the cool air inside your house this summer by making siding repairs, checking for gaps or cracks and adding or replacing insulation. Repairing any damage will help your home be more energy efficient. You’ll save on heating and cooling costs in the long run.

Another popular project with year round utility savings is roofing. Not only will installing new shingles help keep your home dry during storms, it will also insulate your home and once again help you save on heating and cooling over time.

Lastly, cleaning your HVAC system is easy to do when your hose is hooked up for summer watering. Make sure any part with visible buildup or dust on it is cleaned. This will help extend the life of your cooling system and ensure it is running properly. Taking some time to clean it every summer may save you hundreds in potential repair bills.

Property Virgin Buyers’ Tips.

Posted on April 21, 2015

If you’re considering buying a home in your 20s, or just for the very first time, it may seem like a daunting task. It may not be easy, but with this helpful guide you’ll be able to confidently search for a home that’s right for you and your plans for the future. Break it down into smaller portions, and it becomes much easier, and less stressful, to buy a home.

The first thing you need to think about is how long you’re planning on staying in this new home. Are you looking for a forever home? Somewhere you can stay for a few years? These are important questions when it comes to finding the house you’re looking for.

You should decide if the house is just for you, or a future family that will live in the house for the next 20 years. Deciding what type of house you are searching for can help narrow the search and help your agent know what you’re looking for in a home.

The last step is extremely important, and may seem obvious, but always needs to be considered when it comes to finding your new home. You have to find a home that is within your price range. Remember to think about how long you could be able to afford the mortgage if you were laid off from your job, or pursuing other personal ventures. Whatever your plans are for buying a house, make sure that they are financially feasible.

Mel Foster agents are experts at finding homes that fit your needs. Click here to view new listings and start your home search today.

Insurance Basics For First Time Buyers.

Posted on April 9, 2015

You’ve compared the costs of renting vs. owning, and home ownership is in your future. As you budget for new household expenses, be sure to include homeowners insurance, which is usually more expensive than what you are paying for renters insurance.

Having enough coverage with your homeowners insurance will give you peace of mind knowing that your home is protected. There are a few things that you should consider when choosing a homeowners insurance policy.

You need to be sure that you understand what most standard policies cover. It usually includes exterior and interior damage from vandalism, fire and weather incidents. It also may cover out of pocket expenses, damage to outside structures and even medical costs if someone is injured on your property. It also covers personal property, which is why it’s so important to have photos and to keep purchase receipts of your most expensive assets.

Also keep in mind that whenever you add something to your existing home, such as a porch or an extra bathroom, you should see if your policy needs to be adjusted. Renovations and additions can add significant value to your home and you want to be sure that the new investments you have made are also covered by your insurance.

One thing that is missing from some standard policies is coverage for flood damage. Ninety percent of damage from natural disasters occurs from flooding. Insurance providers usually offer an additional policy that will have insurance for any flood damage that may occur. Keep this in mind if you have a finished basement.

Often it can take up to 30 days for new policies to go into effect. So don’t delay any longer, contact Mel Foster Insurance today.

Mel Foster Co. Agents Earn Premium Club Status

Posted on March 21, 2015

Lynsey Engels, President, Real Estate Brokerage at Mel Foster Co. Inc. is pleased to announce ten of their agents have received recognition in the 2014 Premier Club by Leading Real Estate Companies of the World®. The following agents received Premier Club status, based upon closed referrals between January 1, 2014 and December 31, 2014:

Zina Akre, Geneseo
Jodi Faulkner, Bettendorf
Lucky Lang, Davenport I-74
Don Marple, Davenport Kimberly Road
Norm Marcov, Davenport I-74
Tim Odey, Bettendorf
Judy Schmidt, Moline
Steve Sullivan, Moline
Jackie Turner, Galesburg
Pete Voss, Davenport Kimberly Road

Leading Real Estate Companies of the World® is a global network of over 500 premier real estate firms. Leading RE is comprised of select independent real estate companies who set the standard of quality service, while generating a highest volume of referral, relocation, and real estate business opportunities for its members.

Mel Foster Co. Relocation division is lead by Deb Boland, and her team assists with moving in or out of the area, providing community tours, finding second homes and senior living. Contact our relocation specialist for more information at www.melfosterco.com