homes for sale in bettendorf – Page 2

Which Loan Is Right For Me?

Posted on October 3, 2014

It’s important to select the right type of mortgage for your financial situation, but understanding your options can be difficult. Your Mel Foster Co. agent <link to find an agent> is your resource for proving information so you are able to make a knowledgeable decision regarding a mortgage. This quick list explains the top three most popular loan types.

1. Fixed-interest Mortgage

A fixed-interest mortgage is a type of loan that has a set interest rate. Most fixed mortgages are usually 10, 15, 20, or 30 years. The most common length of time is 30 years, as it provides the lowest monthly payment for homeowners. Keep in mind that most of the first few years of the payment are heavily focused on the interest that will be paid off, and very little actually goes towards the principal. You can determine your monthly payment for a fixed-interest mortgage with the Mel Foster Co. monthly payment calculator.

2. Adjustable-rate Mortgage

An adjustable-rate mortgage or ARM is a loan with a variable interest rate. The interest rate will change after a designated period of time, determined by the lender. As a borrower, you may benefit if the interest rate is lowered, but you will also be exposed to potentially higher interest rates. The interest rate will remain steady for an agreed upon time, and won’t change until the next adjustment period. These types of mortgages are easier to obtain in situations when a fixed-interest mortgage isn’t an option.

3. Interest-only Loan

An interest-only loan focuses on paying only the interest first. An example would be a 5-year fixed-30 mortgage. This means that for the first five years, you are only paying the interest, and not contributing any money towards the principal. The interest rate is fixed, but may change after five years. Once the five years is up, you begin to pay interest along with the principal cost. This will increase your payments significantly, even if the interest rate doesn’t change. This option is meant for someone who believes that they will earn more money in the future, or currently has their money tied up somewhere else. Just always remember to save your money for after the initial five years.

Don Marple Earns REALTOR® of the Year for the Iowa Association of REALTORS®

Posted on September 25, 2014

Mel Foster Co. is pleased to announce that Don Marple of their Davenport Kimberly Road office was named REALTOR® of the Year during the Iowa Association of REALTORS® (IAR) annual convention held in Cedar Rapids last week.

Marple has been a licensed REALTOR^® in Iowa for more than 37 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. 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.

About Mel Foster Co. Real Estate

Founded in 1921, Mel Foster Co. is a real estate leader in Eastern Iowa and Western Illinois serving Davenport, Bettendorf, Moline, Rock Island and the surrounding Quad City area. It is one of Iowa’s largest independently owned real estate companies. Mel Foster Co. Real Estate specializes in residential and commercial sales and offers services for a broader spectrum of property transactions including farm and land, land development and management, relocation and new construction. Visit www.melfosterco.com for more information.

How To Find A Family-Friendly Neighborhood.

Posted on September 10, 2014

It’s time to find a neighborhood full of families, to give your kids opportunities to build friendships and memories. Your best resource for locating these family-friendly neighborhoods is your agent.

If you’ve located a possible neighborhood, and wonder if there are lots of kids, take a look around. Look for swing sets, bicycles, basketball hoops or chalk drawings on the driveways or sidewalks. These are signs of a family-friendly neighborhood.

Also check the surrounding area for parks, playgrounds or pools. These amenities are an indication that families are most likely close by. These locations may also boost your sense of community if you frequent them with other families from your neighborhood.

Once you’ve settled on a neighborhood, you’ll need to know what homes are for sale in the area. Search by address or define an area on an interactive map on the Mel Foster Co. website. Another great search tool is the Mel Foster Co. app. It’s free and you simply launch the app in the neighborhood you desire and all homes for sale pop up on your screen with the Foster Finder. The app shows all homes for sale, not just Mel Foster Co. listings.

Looking for a family friendly neighborhood?

Why You Can’t Afford NOT To Use A REALTOR®

Posted on June 25, 2014

Why us a REALTOR®? — When a REALTOR® to important.

Have you ever wondered, “is hiring a Realtor really necessary?” The answer to this important question is absolutely YES! In today’s strictly regulated market, there are several ways an experienced Realtor can be invaluable to you during the home buying or selling process.

Market Conditions

There is so much information out there when it comes to housing and market conditions can change quickly. A Realtor can help you weed out what is truth and fiction, and help you understand current market conditions including data on inventory and comparable sales prices.

Negotiations

Negotiating the purchase of a property can be stressful. A licensed Realtor will act as your middleman, managing expectations of the parties on either side of the deal, ensuring a smoother transaction for you.

Pricing

A Realtor understands the value of real estate in different markets, conditions, and types. The improper pricing of your property can leave your listing dead in the water, costing you much more in the long run.

Paperwork

There is a mountain of paperwork for real estate transactions. Missing a disclosure or piece of necessary paperwork could spell disaster if you are navigating a buy or sale without a Realtor. A Realtor is experienced and aware of all of the various regulations you may face, and can ensure nothing is overlooked when it comes time to close the sale.

Four Things To Tell Your Agent

Posted on April 13, 2014

Selling your home can be a complex process. How will you get the correct paperwork taken care of? Who will handle showings to potential buyers? A professional real estate agent can help ease your burden, and solve the majority of challenges you might face. However, when hiring an agent, it is important that you find a good match, and work with someone who will fit best with your unique situation. As a good rule of thumb, the following are four things you should feel comfortable expressing to your agent.

Negotiations

It is extremely important that your agent be equipped to handle any and all challenges that may come your way. The ability to negotiate is crucial. Let your agent know that you expect he or she to be aggressive and firm when negotiating with potential buyers or their agents.

Relocation

Your agent should be able and willing to help you with the moving process. Being without a roof over your head is not acceptable, and paying two mortgages may not be either. Ensuring that your agent can coordinate the closing of your current home with the closing of your new home simultaneously is key. Mel Foster Co. has an award-winning relocation department that can support your agent and provide you with the tools to make a smooth transition to your new city.

Timetable

Will your move into a new home revolve around the start of a new job or school year? Planning a move this structured can be mentally and emotionally draining. It is imperative your agent understands your time constraints and can work within your needed parameters. Be up front about your timing concerns and share this information with your agent before you agree to go under contract.

Sell My House!

You hired your agent to sell your home so you can focus on the changes you are undergoing, which prompted your move in the first place. It is ok to remind your agent of these motivations. Set your expectations with your agent appropriately and this could be one of the best working relationships you will ever encounter.

Supporting Our Hungry

Posted on February 3, 2014

Mel Foster Co. is proud to participate again in the Student Hunger Drive Corporate Challenge. The competition kicks off today and runs thru February 28.

Each Mel Foster Co. office is conducting an internal food drive by collecting donations of money and/or canned food items for the Student Hunger Drive. For last year’s corporate challenge, Mel Foster Co. received the Bronze Award for Division C and their commercial division won by averaging 116.84 pounds per person.

“Being a community partner means supporting those in need”, says Lynsey Engels, President of Brokerage Division of Mel Foster Co. She added, “Mel Foster Co. is proud to continue our tradition of supporting the Student Hunger Drive, and our agents and staff look forward to helping create awareness in the fight against hunger in our area.” To help the cause, you can drop off food at any of the Mel Foster Co. real estate offices or the insurance office.

Condon Receives Quad Cities Home Builders & Remodelers Association Award

Posted on December 27, 2013

Mel Foster Co. congratulates REALTOR®/Builder Pat Condon as recipient of a prominent award from the Quad Cities Home Builders & Remodelers Association. Mr. Condon received the Allen V. Seitz Builder of the Year Award.

Mr. Condon is a REALTOR®/Builder at Mel Foster Co.’s Bettendorf office and was recognized for his dedication and passion to the Association. Pat owns J.P. Condon Inc. and is licensed in Iowa. He is the outgoing President for the Quad Cities Home Builders & Remodelers Association Board of Directors, a member of the National Association of REALTORS®, the Iowa Association of Realtors ®, and the Quad City Area REALTOR® Association.

Mel Foster’s Color the Quads Registration Opens December 13

Posted on December 5, 2013

Bettendorf, IA – Mel Foster’s Color the Quads 5K and Kids Color Dash will be back in 2014 and registration is opening early to give racers plenty of time to sign up and opportunities to save with early entry.

The Color the Quads 5K will take place Saturday, May 31, 2014 at 4:00 p.m., Cumberland Square at 2300 Spruce Hills Drive, Bettendorf, Iowa. The 5K early registration fee is $35 and is available for the first 200 registered participants; $40 for participants 201-500; $45 for participants 501-6,000; and $50 for those numbered 6001 and higher. The registration fee includes race entry, t-shirt, Tri-City Electric Co. after-party admission and swag bag. Registration opens on Friday, December 13 at www.colorthequads.com.

The Eye Surgeons Associates Kids Color Dash cost is $20. This 400-yard dash and one mile fun run is at 11:00 a.m. on May 31, 2014 at the Middle Park Band Shell in Bettendorf. There will be a kids’ after party with food and fun for all the kids participating in the kid’s color dash to enjoy.

Color the Quads is a unique race that allows runners and walkers to get blasted with bursts of color powder on the course. Last year’s Color the Quads sold out with 3,300 racers and the field has been expanded for 2014 to raise more money for local charities.

The 2014 Color the Quads event benefits three local organizations, Child Abuse Council, the local chapter of March of Dimes – Mississippi Valley Division and Rick’s House of Hope. The event brings colorful happiness to our community AND helps out local charities.

Mel Foster Co. is the presenting sponsor. The event’s color explosion sponsors include Gomez May LLC, Orthopaedic Specialists, Smart Toyota of Quad Cities, and Vollertsen, Britt & Gorsline P.C. Color Burst sponsors include Active Endeavors, Hawkeye Paving, KISS FM, Pear Advertising, Quad City Times, Radon Solutions, Terrostar Interactive Media, and TMI Total Maintenance Inc. The after party is sponsored by Tri-City Electric Co. and the Kid’s Color Dash is sponsored by Eye Surgeons Associates. The race is still seeking sponsors to help make this race possible.

For more information, to sign up, to volunteer, or to become a sponsor, visit www.colorthequads.com.