Are There Signs It’s Time to Sell?

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

Don Marple, REALTOR®
Don Marple, REALTOR®

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

Marty Eilers, REALTOR®
Marty Eilers, REALTOR®

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 24th 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

MF Getting Back into the Home Buying GameIf 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

MF Fix Up Your Home for Energy SavingsNow 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.

Insurance Basics For First Time Buyers.

Insurance Basics
Insurance Basics

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.

Wanted: Your Home

Now is an ideal time to list your home for sale because there are many buyers, but not enough homes for sale. This means you can get a higher selling price now that the market is in the seller’s favor.

Interest rates are still low which encourages homeowners to move. More competition is always good for sellers who may be in a position to review multiple offers. Sometimes a bidding war can break out, driving the final sales price up higher than the listing price.

According to James D. Shilling from DePaul University’s Institute for Housing Studies, the seller’s market is driving home prices up higher. This helps homeowners with negative or low equity to make more money from a sale and eases the burden of being upside down on their home. This gives the seller a chance to enter the market as a buyer when interest rates are near record lows.

Shilling predicts rates will stay low through 2013 and most likely into 2014. But the interest rates won’t stay low forever. When rates do rise, homeowners won’t want to sell their homes and lock into a new, higher interest rate. This shift means fewer buyers and lower offer prices for your home.

It’s a sweet time to be a seller. Contact a Mel Foster Co. agent about listing your home and take advantage of the market conditions.

The Pitfalls Of For Sale By Owner

Selling a house sounds easy. Take some pictures, get them on a for sale by owner website and watch the offers come in. The reality is, your home may sit on the market longer and you may price it below market value. These mistakes could cost you thousands of dollars.

Get an agent on your side when you decide to list your house. Agents and FSBO companies have different motivations. Your agent is working hard to sell your home for you and is only compensated once your home is sold. An FSBO website makes money when your home doesn’t sell and you pay for another month of listing.

Only your agent can help you determine a fair selling price based on comparable listings and sales in your neighborhood. This competitive market analysis can give you a realistic sales price. A home that is priced right will sell quickly in most situations. An FSBO site won’t offer specific information to determine how to price your home.

With an FSBO listing, you are responsible for scheduling and facilitating the open houses. It can be frustrating to watch potential buyers enter, then exit, your home in less than five minutes. They won’t stick around long enough to tell you honestly what’s keeping them from choosing your house. But an agent knows how to engage potential buyers in a meaningful dialogue that can reveal buyer concerns that might be keeping your home from selling.

Your agent also has the necessary paperwork for a buyer to make an offer. Selling you house is a transaction of many thousands of dollars. This is not the time to play agent and lawyer for yourself. Be smart when you list your home and use an agent.


,
Office:




© 2024