The number one tip for giving your home great curb appeal in the fall is to keep your lawn free of leaves. Buyers may drive right past your home if they feel like raking leaves would be too much work for them if they bought your home. Keep up with this chore to give your home a tidy and maintenance free look.
Cooler temperatures also mean it’s time to replace your tired annuals with colorful mums or kale. Clear out your planting beds of summer foliage and drop some blooms into your window box or porch planter. Remember that you still need to water these plants to keep them looking fresh.
If you have already moved out or can’t maintain plant watering, you can brighten your porch with a grouping of three large pumpkins. Want them to last even longer? Don’t carve your pumpkins for Halloween. You can keep an uncarved pumpkin on your porch through Thanksgiving and get two holidays out of one purchase!
Even though it’s Halloween time, real spider webs on your porch need to be cleared away regularly. No need to scare away buyers with frightful spider webs.
Need ideas for keeping your home open house ready for the holidays? Click here for simple tips.
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.
Mel Foster Co. recently named Shannon Mandsager as its Director of Business Development. Lynsey Engels, President of Real Estate Brokerage at Mel Foster Co. is pleased to welcome Ms. Mandsager to this key position on its growing team. Ms. Mandsager was previously with a local bank and has a long track record in retail sales and marketing.
Ms. Mandsager will take the lead working with the management team and agents to build and execute a partnership strategy and opportunities that will enhance Mel Foster Co.’s market footprint and accelerate the growth of the company.
Engels comments, “I am very pleased to welcome Shannon to Mel Foster Co. She is an excellent fit and will bring a new level of energy to our staff and agents. In an industry where new tools and technology are introduced on a daily basis, Shannon will be in charge of navigating these new ideas and keeping them in the forefront of agent’s minds to enhance their business in an effort to maintain a high level of service to our customers in the Quad City and surrounding areas.”
She was born and raised in Eldridge, graduated with honors in Business Administration with an emphasis in Marketing and Sales from University of Wisconsin-Platteville. Ms. Mandsager will be licensed in Iowa and Illinois and works out of the corporate office at 3211 E. 35th Street Court in Davenport.
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.
Mel Foster Co. is pleased to announce that Jon Yocum of their Bettendorf office was installed as President of the Iowa Association of REALTORS® during the Iowa Association of REALTORS® (IAR) annual convention held in Cedar Rapids last week.
Yocum has been a licensed REALTOR® in Iowa for more than 26 years, and has worked at Mel Foster Co. in Davenport since 1996. He has been an active member of the IAR since 1988, serving on numerous committees, including regional vice-president from 2007-2012, member of the education, consumer affairs, legislative, technology and member services committees. He served as IAR president-elect in 2014, treasurer in 2013 and Chairman of the Professional Standards committee in 2012. Yocum also received honorable mention for the 2005 Good Neighbor Award and in 2010 received the Good Neighbor Award for his volunteer work with the Student Built Home Program, where he has served as chairman for 16 years.
Yocum has also served in various leadership roles on his local board, the Quad Cities Area REALTORS® Association, including 2008 secretary/treasurer, 2009 chairman, a director for seven years, and as a member of several committees. He received REALTOR® of the Year Award in 2004 and 2009 and the Bert Frahm Award for Outstanding Dedication and Service to the Real Estate Industry and to the Community in 1999. He was a member and a three year director of the Greater Davenport Board of REALTORS® and received the Distinguished Service Award in 1997.
Yocum is very active in his community. He is also a member of the Quad City Home Builders, where Yocum, for the last 16 years has served as the chairperson for Student Built Home Project and received the 2005 Associate of the Year Award.
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.
Most sellers have tunnel vision when it comes to getting their home ready for sale. It’s important to view your home as a potential buyer would. That paint chip you hardly notice or that collection of family photos running all the way up your staircase will jump out as negatives to buyers. To get top dollar, focus on making your home appealing to potential buyers, instead of appealing to yourself.
Start by removing any clutter around the house. This will help buyers envision themselves living in your home. Although less is more, it is still important to leave the essentials in your rooms. This will give a frame of reference for how much space really is in the room and how furniture can be placed. If the room is completely empty, it may appear to be smaller than it really is. Also, remove anything that is personal in the house such as family photos, religious symbols and everything on the refrigerator.
Next you should focus on all of the things you may have ignored for the past few months. Does your front door have some paint chips? How about that leaky faucet? Quick fixes can get you higher offers.
If you have walls that are painted bright colors, or may come off as taste-specific, consider getting a fresh can of a neutral color and diffuse the bold walls. Although your child may love her fuchsia walls, someone who is just moving in would most likely appreciate a more neutral color. Taking the time to paint the room is an important step when trying to stage the home because it lets someone else see a blank canvas that they can paint their dreams on.
Mel Foster Co. has several agents who are certified in the staging of your property to attract potential buyers. Accredited Staging Professionals® (ASP) are highly skilled and certified in creating just the right atmosphere that will appeal to all five senses of every buyer.
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.
The first thing you need to do is assess the damage to your property. Always be sure that you aren’t in danger and that the storm is completely finished. Start by checking the outside of the home for any damage to the roof, siding and windows. You should also make sure that there are no downed trees or power lines in the area.
Step Two: Call Your Insurance Agent
After you have assessed the damages, your next step is to call your insurance agent to report any damage. Be ready to describe the situation and all of the damage that occurred. Make sure you also have your policy and account numbers ready when you call to speed up the process. Click here to find your Mel Foster Co. Insurance agent.
Step Three: Document The Damage
Before you begin making repairs, make sure you document the damages with photographs. This will prove that the damage actually occurred and will help your insurance agency help you. Once you have documented the damage, make your home safe and ensure no further damage is caused. Keep receipts for any work or materials that you are purchasing to repair your home. It’s important to note that if you must leave your home you should also keep receipts for hotel rooms and restaurants. Depending on your insurance policy, these expenses may also be covered.
Mel Foster Co. Color the Quads is pleased to announce the charity recipients for the third annual Color the Quads race to be held on Saturday, May 30, 2015. Color the Quads donated proceeds to three local charities this year, and in 2015, three local charities will again benefit from the race proceeds. The 2015 charities are Bethany for Children & Families, Gigi’s Playhouse and Hand-in-Hand.
Bill Steinhauser, Bethany for Children & Families President/CEO said, “Bethany for Children & Families is deeply honored to be chosen by Mel Foster Co. as one of the charities to benefit from the 2015 Color the Quads race event. The funds raised by Color the Quads will support the agency’s mission to keep children safe, strengthen families, and build healthy communities.”
“GiGi’s Playhouse Quad Cities is honored to partner with Mel Foster Co.’s Color the Quads in 2015. GiGi’s Playhouse is all about family, community, and positive energy and the same can be said for this one-of-a-kind Quad Cities event. We look forward to a wonderful year with the Color the Quads Team,” said Michelle Hornbuckle Hughes, Site Manager of Gigi’s Playhouse – Quad Cities.
“Hand In Hand’s hours of service for school age children and young adults with disabilities grew by 25% last year. Being selected by Mel Foster’s Color of the Quads means we can respond to the needs of these Quad City families”, added Mark Smith, CEO of Hand-in-Hand.
Lynsey Engels, President of Mel Foster Co. Brokerage Division and Color the Quads Committee Chair, said, “We are thrilled to partner again with three wonderful charities on this super event. We look forward to some new exciting twists for 2015 as planning is already under way!”
The 2015 Color the Quads 5K will take place on Saturday, May 30 near Cumberland Square at 2300 Spruce Hills Drive, Bettendorf, Iowa. Registration fees and sign up date will be announced before the end of this year. Stay tuned at www.colorthequads.com for more information.
About Mel Foster Co. Inc.
Mel Foster Co. is a recognized leader for real estate and insurance. Mel Foster Co. Real Estate specializes in residential sales and offers services for a broader spectrum of property transactions including commercial, farm and land, land development and management, relocation and new construction. Founded in 1921, it is one of Iowa’s largest independently owned real estate companies. Mel Foster Insurance was founded in 1932 and represents over 25 insurance carriers and offers coverage for residential and commercial clients. Visit www.melfosterco.com for more information.
GiGi’s Playhouse – Quad Cities
GiGi’s Playhouse is an established series of Down Syndrome Achievement Centers. Serving children and adults of all ages, each Playhouse provides educational and therapeutic programs at no charge to families; and in a format that individuals with Down syndrome learn best. All programs aim to maximize self-confidence and empower individuals to achieve their greatest potential! GiGi’s Playhouse programs motivate our participants to give their “Best of All” and each Playhouse makes a lifetime commitment to their families. For more information about the Gigi’s Playhouse, visit www.gigisplayhouse.org/quadcities.
About Bethany for Children & Families
Bethany for Children & Families is a non-profit child welfare and social services agency that meets the critical needs of children, families, and individuals. Services include adoption, foster care, child welfare, counseling and therapy, education, transitional housing for homeless youth and families, and dental care for children. The agency has served children in the Quad City community since 1899. For more information about Bethany for Children & Families, visit www.bethany-qc.org.
About Hand-in-Hand
Hand In Hand serves children and young adults, including those with disabilities. We provide programs such as childcare, summer camps, teen programs, a bowling league and even an adapted Girl Scout Troop. As Hand In Hand offers activities for individuals with disabilities, we also provide critical support for their families so they can be successful at work and at home. Hand In Hand also has a growing number of volunteer opportunities, especially for young adults in our community. These young adults not only assist our Hand In Hand participants, but they also create an inclusive experience where typical students and individuals with disabilities interact in a positive way. Visit www.handinhandqc.org for more information about Hand In Hand.
Are you in the market to buy or sell a home? It is important that you consider working with a licensed Real Estate Professional in order to save yourself time, money, and hassle. There can be a lot of confusion and guesswork when you are out there navigating the market on your own. Here are a few reasons why it’s in your best interest to work with a Real Estate Professional.
Negotiations
From the appraiser, to the home inspector, to the buyer, there are nearly a dozen people that you will have to answer to while selling your home. Let an agent do this busywork for you. Negotiating effectively can mean thousands more saved or earned.
Paperwork
Let an agent with experience navigate and prepare the documents needed when closing on a transaction. Missing something here or there can cost you time and money. Also, each state has different regulations surrounding the purchase or sale of a home. A Real Estate Professional has the experience needed to guide you through.
What Is Your Home Worth?
Pricing your home correctly will attract the right buyer and make sure it isn’t on the market for too long. However, you need the eyes of someone not emotionally attached to your home, to ensure the true value is assessed. The National Association of REALTORS found that, “the typical FSBO home sold for $184,000 compared to $230,000 among agent-assisted home sales.”
