1) Pick an agent.
This person is going to be your guide through the real estate transaction. Find someone you can stand being around for an extended period of time and with whom you feel comfortable communicating your wants, needs, as well as dislikes when it comes to the properties you are viewing. The agent should be knowledgeable and experienced in the area you wish to live and the price range in which you wish to buy.
You agent will be representing your interests, so ask their advice and hold them to task.
Title Companies research the history of a piece of property to make sure that the title is free and clear. This ensures that the seller is the one and only owner of the property and that noone else has a claim to the dwelling or land.
When you purchase a home, you will most likely take out a significant loan to pay for the property and dwelling. Your mortgage company will want you to have insurance to pay off the loan in the event of a fire or other loss since the improved property is the collateral for the loan.
Insurance can be required, or desired for a number of reasons and insurance is available in a number of different forms.
You can find more information on home insurance in the St. Louis area at http://www.insuremyautohomelife.com
Tags: condo·home insurance·insurance quotes·loan collateral·Missouri·MO·mortgage·renters insurance·Saint·St. Louis
The US Governments ‘Making Home Affordable‘ program assists with loan modification and loan refinancing options to keep you in your home. Go to http://www.makinghomeaffordable.gov/ for more information on this great program.
However, if you have tried the Making Home Affordable Program without success and you are in a situation where you are unable to make your mortgage payments, a short sale may be an option to avoid a foreclosure.
A short sale has some advantages over a foreclosure in that it minimizes the damaging impact to credit: Foreclosure can remain on your credit for up to seven years while a short sale usually gets reported as a “settled debt” and is significantly less damaging. With a short sale, your FICO score will not be as negatively impacted as it would be with a foreclosure.
Minimize financial exposure/liability: In many foreclosure situations, the lender will end up selling the property at a huge loss of money and time once they foreclose and repossess the property. The homeowner can be left financially liable to the lender. While the same may be true with a short sale, the difference is with a short sale the homeowner is still involved in the process and can therefore contribute their input and have more control over the sale price of the property and the potential associated liabilities. In a foreclosure, however, once the lender repossesses the property and the homeowner is typically defenseless with respect to what follows.
You can find more information on the short sale process at www.willfrost.com
Managing the short sale process is time consuming and a lot of work. If you are considering this option, give me a call at 314-620-6822 and we can discuss your individual situation to see if this is a right course for you.
Tags: advice·foreclosure·loan modification·loan to value ratio·making home affordable·Missouri·real estate·refinancing·Saint Louis·selling a home·short sale
Homes for sale in the Webster Groves School District
Address City Zip List Price Open
815 Pine Tree Ln Webster Groves 63119 $184900 Sunday 12-2
1303 Monier Plc Glendale 63122 $199900 Sunday 2-4pm
7408 Lansdowne Ave Shrewsbury 63119 $239900 Sunday 2:30-4:30
8 Webster Acres Webster Groves 63119 $254900 Sunday 1:00 – 3:00
453 Jackson Rd Webster Groves 63119 $399000 Sunday 1-3 P.M.
326 Simmons Ave Webster Groves 63119 $425000 Sunday 2-4pm
Tags: buy a home·Homes for sale·MO·real estate·Saint Louis·Sunday·Webster·Webster Groves Open House
Here is a quick list on preparing your home for sale. These items make a huge difference, especially in todays market where buyers have a lot of inventory from which to choose.
1. We are all affected by light levels, and bright homes create a positive image in buyers minds. Buy high-intensity light bulbs and be sure to clean all light shades and covers.
2. Buyers notice especially clean homes. Do a “spring cleaning” throughout… no matter what the season is. Give special attention to the following: windows and screens, counter and appliance tops, mirrors, ovens, sinks, toilets and tub/shower areas.
3. Buyers notice clean windows, freshly laundered drapes & curtains.
4. Buyers notice freshly cleaned carpets and waxed floors. Replace or repair damaged areas of the floor or floor covering.
5. Buyers notice spacious rooms; arrange furniture and decorations to improve each room. Remove unnecessary items that don’t fit in.
6. Buyers notice colors that will blend with their decor and furnishings. Consider brightening things up with a fresh coat of paint. Think white, off-white or beige. Such colors make a room look bigger and brighter, and these colors are most likely to go with the new buyer’s furnishings.
7. Buyers notice closet & cabinet space. Neatly arrange everything in your closets, cabinets and other storage areas including the basement and garage. Get rid of all unnecessary items.
8. Buyers pay attention to tiny details. Fix all of the “little things”… loose door knobs, leaky faucets, towel racks, clean and repair caulk areas.
Tags: home·prepareing for sale·real estate·selling your home·showing your home·spring cleaning