St. Louis Real Estate and News You Can Use

Your Home Inspection

2009-12-29T08:38:00.003-06:00

You have made your offer and it's been accepted. Now it's time for your Home Inspection. Hiring a qualified Inspector is as easy as going to http://www.ashi.org/ and locating an Inspector.
Once your Inspector arrives he should inspect the roof by actually getting on the roof and walking around looking at the roof material, flashing, gutters, the exterior of the chimney and the cap.
He then will walk around the house looking at the exterior material, be it brick or siding. Also checking the exterior of the foundation. In completing his exterior Inspection he should observe the power cable going into the house any decking supports, gates and fencing
As your Inspector conducts the Home Inspection he will be making notes of his findings. He may from time to time suggest having an item looked at by a qualified technician. Don't quiz him everytime he makes a note wait til the end when he will give you a written report.
Once he enters the home he should check the attic for insulation depth, make sure all ceiling lights/fans operate properly. He'll check each electrical socket for polarity and check for GFI's near water sources.
He'll check all bathrooms and kitchen for functionality and to make sure there are no leaks. He should also make notes of the general condition of the interior.
During the inspection he will review the interior foundation for potential leaks, cracks or damages. Finally he will inspect the furnace, water heater electrical panel and dehumidifier.
A normal inspection should only take a couple of hours. In attendance should be yourself and your Real Estate Agent. Once you have your inspection it's time to ask the inspector questions on anything of concern. Remember he is not a specialist only an inspector and as such should never offer repair services/bids.

8448 Saint Andrews Ln, House Springs, MO 63051 - Zillow

2009-06-26T14:48:00.001-06:00

8448 Saint Andrews Ln, House Springs, MO 63051 - Zillow

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How to have your family prepared in an emergency

2009-05-13T16:33:00.002-06:00

Would you be prepared if you and your family had to evacuate your home during an emergency?
The American Red Cross reports that only 10 percent of the families in the US have an emergency plan, a disaster kit, and first aid training including CPR.
The first step to be prepared is to assemble a grab-and-go bag that contains crucial supplies that you'll need in the event of an evacuation. The Red Cross has pre-packed kits for $65 at www.redcross.org or you can assemble your own. Label each bag and keep them accessible.
Your Grab-and-Go bag should contain
Personal travel size toiletries
Light-weight flashlight with extra batteries
Extra pair of eye glasses
Whistle on lanyard
3 days of prescriptions
Bottled water 2-3 gallons
High protein-High energy food bars
Change of clothes
Photograph of each child and adult
First Aid Kit
Battery powered radio
Extra set of home and car keys
Safe deposit box key
Credit Card
Cash
Copies of birth certificates, deeds, insurance policies, passports and SS cards

By being prepared in an emergency you will be able to supply yourself during an evacuation or loss of home.

FSBO or Real Estate Agent To Sell Your St. Louis, Mo. Home?

2009-04-28T07:38:00.002-06:00

FSBO or Agent, Which Is Best For Selling Your Home in the St. Louis Market?
By Frank Helderle

With the growth of the Internet, the prospect of 'going' FSBO — For Sale By Owner — as a method for selling your St. Louis, Missouri home is more attractive than ever.

One of the largest expenses involved in selling a property is the payment of an agent's commission — often in the 6% range. But agents do earn their money, by providing expertise on the market and sales process, by advertising widely and by assisting in the negotiation and closing phases of a sale.

Still, 6% of $200,000 is $12,000 and many find the prospect of keeping that money for themselves irresistible. Here are some things to consider when deciding whether to use an agent or 'go' FSBO.

In order to sell a property quickly and profitably, you have to know the market. If your listed price is even 1% off the St. Louis, MO., real estate market average you will either sit on the property for a long time or fail to make as much as you could have on the sale.

Beyond the need to get an accurate, professional appraisal — required whether FSBO'ing or using an agent — agents can provide 'comps' listing the recent sale price of comparable properties. They also know the market and can often tell you whether your price is reasonable.

However, with the increasing availability of similar information on the Internet, FSBO is becoming a more realistic option. If you can access and analyze the data, FSBO may be for you.

Agents put your property in a database called an MLS, a Multiple Listing Service, to which other agents as well as potential buyers — through the agent — have access. MLS data is more difficult for the average person to gain access to and in some states you need a license to obtain the data. Almost in every case, one is required to be a member of the MLS service and pay a fee.

This is only the first step toward advertising your property far and wide to potential buyers. But, again, with the growth of Internet sites advertising homes for sale, along with other traditional options, you may find you no longer need the service once provided almost exclusively by agents.

Some individuals are natural negotiators and some have learned through long experience how to attract buyers and get the best deal. Some, though, will always be on the losing end of a proposition. Only you can decide how effective you can be in negotiating a fair, acceptable price and whether that process is enjoyable or torture.

Once you've listed the property, advertised it widely enough to attract buyers and negotiated a price one will accept, the most difficult part of the process begins. Every state and country including St. Louis has a long and complex list of laws about how a real estate transaction has to be carried out.

Deposits have to be made of the right amounts and at the right times in an escrow account, and insurance regulations have to be met. Title history is investigated and a hundred other details completed before ownership can be transferred and profits (if any) gained. If you don't have the knowledge or temperament for this sort of thing, FSBO is not for you.

But, on the bright side, there are dozens of books, Internet sites such as this, and low-cost 'seller assistance' businesses that can guide you through the process.

Investigate before you decide, and best of luck. There is a lot of free information available to you about buying, selling or investing in St. Louis real estate. For complete information about the St. Louis, MO., real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything St. Louis real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 314 267-4841 or email me at stlouishomes@yahoo.com or visit www.realestatetrio.com to view the entire St. Louis, MO., MLS..

Thrifty Solutions To Update Your Kitchen

2009-04-27T07:52:00.004-06:00

Here are a few tips sellers can use in changing that old outdated kitchen into a new showplace buyers will compete over.

Add space and light by removing a wall and opening up the space.

Do not move the plumbing.

Unclutter your counter tops by installing hideaway appliance lifts.

Buy ready-to assemble cabinets in lieu of custom cabinets.

Consider alternative counter top materials.

These are a few inexpensive ideas to make your kitchen desirable. For additional ideas contact The "H" Team today.

How to Check Quality in Your New Home

2009-04-20T15:00:00.002-06:00

The Quality of Homes
The H Team

There are houses and there are houses. Just like anything that is produced in our world from cars to clothing, there is a high quality manufacturing and there is poor to medium workmanship.
In her book "The Fearless Home Buyer" Elizabeth Razzi gives those telltale signs of a well built home.
Windows are an easily-spotted signal of quality. They're one of the most expensive components of a home. You can determine the brand used by looking for the name in the corner of the glass. Look for neatly mitered and whether the window is double panned which offers good insulation in both summer and winter. Look at the windowsill and the wall below to see if there are any water stains or softness in the wall-a sign that there could be a condensation or leakage problem with the windows.
Bathrooms are another area where the quality of the workmanship is important. Pay special attention to the floors and walls around (and downstairs from) a shower stall Look for signs of recent painting, a spongy feel or mold. Water that leaks from a tub or shower over time can rot sub flooring, a common problem in homes built with inferior materials and workmanship.
When you expect the exterior of the home, note the kind of siding that is used. Wood siding is beautiful but requires routine re-painting. Vinyl or aluminum siding is economical and long-lasting, but check it for dings, tears and fading.
As always, if you are uncomfortable about the quality of a home you are interested in purchasing, it's a good idea to hire a professional inspector to confirm or allay your fears.
As Real Estate professionals, we look forward to working for you and answering any questions you might have about quality and workmanship of any home you may be interested in. Call us anytime.

Sales Tax Holiday Information

2009-04-20T10:19:00.002-06:00

The Sales Tax Holiday, which runs from April 19-25, means a savings of at least 4.225 percent sales tax fee to people who purchase new ENERGY STAR ® qualified appliances in Missouri during the holiday. The reduced price represents the elimination of the state's sales tax from the purchase.
Several local governmental entities have also opted to participate in the holiday. This means that some purchases will be exempt not just from the state sales tax, but also city, county and special district sales taxes. Nine counties, 57 cities and eight special districts have opted to participate in the holiday. Anyone who buys a qualified appliance in Missouri that has earned the ENERGY STAR will be exempt from paying the state sales tax. ENERGY STAR is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy. The program allows manufacturers of appliances to voluntarily label selected appliances if they meet certain criteria. The goal is to promote appliances that perform as well or better than similar appliances while using less energy. The program has saved businesses and consumers billions of dollars since its inception in 1992.ENERGY STAR-certified appliances that qualify for the sales tax exemption are: Clothes washers Refrigerators Freezers Dishwashers Water heaters Furnaces Air conditioners Heat pumps The sales tax exemption only applies to the first $1,500 on each appliance. If an appliance costs more than $1,500, the regular sales tax rate is in effect for any of the purchase price above $1,500.Examples of appliances NOT eligible for the sales tax exemption are clothes dryers, trash compactors, conventional ovens, ranges and stoves. Lighting fixtures, office equipment, home electronics and other non-appliance ENERGY STAR labeled-products are also not eligible for the sales tax exemption. Counties that have opted to participate in the holiday and have eliminated their county sales taxes on qualified purchases are: Adair, Crawford, Daviess, Gasconade, Johnson, Morgan, Pettis, Ripley and Ste. Genevieve.Participating cities are: Airport Drive, Arnold, Aurora, Ava, Bethany, Bowling Green, Branson West, Brookfield, Butler, Carrollton, Cottleville, Dardenne Prairie, Desloge, Dexter, Fenton, Fredericktown, Fulton, Gladstone, Hannibal, Hazelwood, Hermann, Hillsboro, Ironton, Jackson, Kahoka, Kansas City, Kirksville, Lexington, Macon, Marble Hill, Maryville, Memphis, Mexico, Osceola, Overland, Pacific, Perryville, Platte City, Raymore, Republic, Richmond, Rock Hill, Rock Port, Rolla, Salem, Salisbury, St. Charles, Ste. Genevieve, Sunset Hills, Tarkio, Town & Country, Union, Unionville, Warrensburg, Warsaw, Washington and Willow Springs. Additional information regarding the Show-Me Green
Sales Tax Holiday can be obtained at http://dor.mo.gov/tax/business/sales/taxholiday/green/ or e-mail the Department of Revenue at: salesuse@dor.mo.gov This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
From an article written by Matt Newport

Buying Your First Home

2009-04-15T06:05:00.002-06:00

Buying Your First Home
Home ownership is the cornerstone of the American Dream. But before you start looking, there are a number of things you need to consider.
Before You Start Grab your current household budget so you can consider your financial situation and your ability to make mortgage payments.
Ask family and friends if they can recommend experts, like a lawyer, a Realtor and an inspector, who can help with the home buying process.
Think about your lifestyle and how it might affect your choice of home and neighborhood.
Do a little research on current home prices in the neighborhoods you plan to target.

To begin your search visit The H Team at http://www.realestatetrio.com for more information.

Why Determine the Value of Your Home

2009-04-10T07:44:00.007-06:00

What's it Worth?

As a stock holder many Americans check the stock market everyday, looking at TV, online and the newspaper. But fail to take stock of their own home. Up to 95% of today's home owners do not know the value of their largest investment, their home.
A comparative market analysis (CMA) provided by a Real Estate Professional can bring you up to speed.
The CMA is normally used as a way of measuring value. When you are buying or selling or even refinancing, a CMA is essential in setting a price and in choosing the proper time to sell.
There are numerous other reasons to run a CMA including your net worth or to provide adequate replacement insurance or to leverage your equity.
Get your free CMA today by contacting The H Team.

Thinking Of Buying A Foreclosure Property

2009-04-07T08:19:00.006-06:00

Six Questions You Must Ask

Is Now A Good Time To Buy A Foreclosure?
Because local market conditions vary the answer is going to be different. Buyers should be asking questions before they make an offer on any foreclosure property.
What's The First Step A Buyer Needs To Make?
Get pre-approved for a loan before you begin shopping.
How Can You Tell A Bad Foreclosure From A Good One?
There are lots of great deals out there. Make sure you work with a Realtor who can guide you through the potential problems associated with buying a foreclosure.
I'm A Qualified Borrower Can I Appeal To Banks For Better Terms?
Lenders have lots of defaulted mortgages, many of them will offer a below-market loan on a bank owned property.
What Are The Costs Of Buying A Foreclosure?
Figure commissions, closing costs, repair costs and upgrade costs and add at least 10% to that figure as a "surprise" fund.
How Does Choice Of Neighborhood Affect Foreclosure Investments?
Avoid areas overrun with foreclosures, particularly newer subdivisions in overbuilt suburban areas. Choose established neighborhoods with good schools and transportation.

For additional information, questions or a list of local foreclosures please contact The H Team today.

Interior Painting Tips

2009-04-05T12:11:00.005-06:00

Interior Painting Tips

Get The Surface Ready
You want the paint to glide on smoothly, so be sure the surface is clean, free of hand prints, dirt or scuff marks. Lightly sand any glossy spots to avoid streaking.

Select The Sheen and Color
Lighting has a big effect on the way your color appears. Try a small trail sample available at most Home Improvement Stores. Higher sheen paints are more durable than flats, so use them in high traffic areas. Satin or low-lustre finishes offer more warmth. Consider a high sheen paint on the ceiling, which offers good reflection.
Don't Buy Cheap Paint Although you may want to save a buck or two it isn't worth it on paint. Purchase top quality acrylic-latex interior paint which goes on smoothly and is easy to clean up. Painting the interior of your home is a big job so you want the quality to show.
Choose The Right Tools
If you're using a roller to paint, select the right length of roller nap for proper paint coverage. The smoother your painting surface, the shorter your nap should be. Use synthetic materials, which are made from nylon or polyester, when applying latex or water based paints.

Source: The Rohm and Haas Paint Quality Institute
For a list of licensed quality painters in the St. Louis area contact The H Team.

How To Beat Negativity

2009-04-03T07:18:00.003-06:00

Our economy is hurting. Most Home Sales are sluggish and we all have a lot of uncertainty. It's very easy to get discouraged.

Breaking Negativity
From Jon Gordon

1. Tell Yourself A Positive Story
2. Model Yourself After Success
3. Focus On The Important Stuff
4. Replace "Have To" with "Get To"
5. Refuse To Participate In The Recession
6. Boost Your Marketing And Advertising
7. Create A Positive Vision
8. Invite Others Onto Your Bus
9. No More Complaining

For a copy of the complete article please contact The H Team for your free copy

Being Prepared For Severe Weather

2009-04-01T14:05:00.004-06:00

Severe Weather Season Begins

Red Cross Urges Preparedness During Missouri Severe Weather Awareness Week

Knowing what to do and where to go during severe weather can be the difference between life and death. In 2008 severe weather killed 28 and injured 271 people according to the Missouri Severe Weather Service.

Provide A Home Tornado Plan
Pick a place where the family can gather if a tornado is headed your way. It can be a basement, a center hallway, a closet on the lowest floor or the bathroom. Keep this area uncluttered. If you’re in a high rise you may not have enough time to get to the lowest level so pick a place in a hallway in the center of the building. If outside, lie flat in a low lying area, and cover your head.

Assemble A Disaster Supplies Kit
Include a first aid kit and any essential medications along with items for infants, the elderly or disabled. You also need canned food, a can opener and at least 3 gallons of water per person. Include protective clothing, bedding or sleeping bags, a battery or crank powered radio, flashlight with extra batteries and written instructions on how to turn off electricity, gas and water if authorities advise you to do so. (You’ll need a professional to turn natural gas service on)

When A Thunderstorm Approaches
Listen to NOAA Weather Radio, commercial radio or television for the latest information. Find shelter in a building or an automobile. Keep windows closed and void convertibles. Telephone lines and metal pipes can conduct electricity. Avoid using the telephone and electrical appliances. Avoid taking a bath or shower. Turn off the Air Conditioner. Power surges from electricity can overload the compressor. Close blinds and shades, they will prevent shattered glass from flying around your home.

Protecting Yourself Outside During A Thunderstorm
Go to a low lying area away from trees, poles or metal objects. Make sure the place you choose is not subject to flooding. Make yourself a small target. Squat with your head between your knees. Do not lay flat on the ground this makes you a larger target.

Provided by The American Red Cross
Contact The H Team for a free list of items for your disaster supplies kit.

7 Steps For Removing Mold From Your Home

2009-04-01T08:32:00.008-06:00

What Is Mold?
Mold is a type of fungus made up of tiny microscopic organisms that can grow almost anywhere. It multiplies itself via spores and shows itself in a variety of colors. The most common place to see mold is in your bathroom since mold needs moisture to grow.
1. Wear a face mask, goggles and rubber gloves. Do not touch mold with bare skin.
2. Seal off the area to prevent tiny spores from spreading to other parts of the home while removing.Open the windows and cover heat and ventilation registers.
3. Wash the affected areas with a mild detergent solution, such as laundry detergent and warm water. As an added step, wipe the area down with a solution of a 1/4 cup bleach and one cup of water. (Warning: Do not mix ammonia and bleach; the fumes can be toxic.)
4. Dry the surface completely. Use fans, blowers, dehumidifiers or natural ventilation.
5. Apply a borate-based detergent solution. Don't rinse. This will help prevent the mold from growing again.(Borate will be listed on the ingredient label.)
6. Don't take shortcuts. Never paint or caulk over moldy surfaces. The paint will peel and the mold will resurface.
7. Call a professional. Just when you think you've won the battle you may see dormant spores reappear or spread to clean areas of the home, particularly if proper removal procedures were not taken. You may need to contact a mold remediation company to resolve the problem.

Contact The H Team today for a list of licensed Mold Remediation Companies in the St. Louis, Mo. area.
For more information
Source: The Truth About Mold (Dearborn, 2008)

Top 5 Reasons To Consider Selling Short

2009-03-30T12:32:00.005-06:00

ARE YOU UPSIDE DOWN?

1. Avoid foreclosure and help save your credit

2. Ease financial sress and recapture a sense of happiness

3. Reduce debt and regain control of your finances

4. Make a fresh start and restore your confidence.

5. Move forward with the help of a short sale specialist

Hiring a Realtor who is experienced in selling “short” will greatly increase your chances of success. Contact The H Team Today for a free confidential review

Key Individual Provisions of 2009 American Recovery & Reinvestment Act of 2009

2009-03-24T13:29:00.005-06:00

Tax Credit on Installing Energy Improvements To Your Home

NON BUSINESS ENERGY PROPERTY CREDIT

What Is It?

A Tax Credit of up to $1500.00 for qualifying residential energy improvements including windows, doors, siding.

Who Gets It?
Taxpayers who invest in such energy improvements to their property.

When Do They Get It?
When taxpayers file their 2009 and 2010 tax returns.

What Does The Taxpayer Need To Do?
When 2009 and 2010 tax returns are completed make sure to claim the maximum benefit under this provision. Be sure to reduce your credit by any non business energy property credit claimed the previous year.

Consult your tax professional for additional information. Not intended as legal advice

Get Your Free Report of Tax Provisions For Individuals Here

Buy A Vehicle - Get Tax Credit

2009-03-23T09:06:00.004-06:00

According to the American Recovery and Reinvestment Act of 2009 if you purchase a vehicle before 2010 you qualify for a tax credit.

Who Gets It?
Individuals who purchase new vehicles after 2/16/09 and before 2010. Benefit starts to phase out for individuals with MAGI or $125k/$250k

When Do You Get It?
When taxpayers file their 2009 tax return

What does the taxpayer need to do?
When you file your 2009 tax return, make sure you claim the maximum benefit under this provision. You may claim this deduction even if you don't itemize.

Contact your tax professional for complete details.Not meant as legal advice

Looking for additional details of the American Recovery and Investment Act of 2009? Contact The H Team for a free copy of the Key Individual Provisions

DOGTOWN USA 3 BR 2.5 Baths Under $90K

2009-03-22T10:34:00.005-06:00

Three bedroom, 2.5 bath ranch home has much to offer. Vinyl siding, hardwood floors in all 3 bedrooms, Livingroom and breakfast room, Master bedroom suite with updated half bath. Breakfastroom walks out to very large covered deck and privacy fenced yard. Lower level is partially finished with family room, rec room with large bar, full bath and additional room with closets that could be 4th bedroom. There is also a laundry room and stotage room. Covered carport and off street parking. Home needs a little updating but well worth the price for this home.

Contact The H Team for a tour or view the entire MLS with no sign-up required

A Few Upcoming Events in St Louis, Mo.

2009-03-18T08:16:00.007-06:00

Upcoming Events
By The H Team

Eco Expo
Join us at the Saint Louis Science Center, April 18-19, at the region’s premier green event, featuring

» Product demonstrations
» Eco-friendly interactive exhibits
» Activities for kids
» Live music in the outdoor beer garden
» Plus much more!
Eco Expo

March Morpho Mania @ The Butterfly House

The Morphos are back! Witness more than 1,500 iridescent common blue morpho butterflies in free flight inside the Conservatory throughout the month.
Butterfly House

Easter Egg Hunt @ Shaws Garden

Eggstravaganza
Saturday, April 4, 2009
The Garden is a gorgeous backdrop in Spring, and kids go crazy when meeting “Bunny” the Garden rabbit.
Shaws Garden

The Boat House @ Forest Park
The Boathouse in Forest Park has been a favorite spot for generations of St. Louisans
Bands will be returning in May
The Boat House

The Incentive for Greening American Homes

2009-03-17T13:14:00.001-06:00

The Incentive for Greening American Homes
Written by Peter L. Mosca

Green is good, and the Obama Administration and Congress believe it should be an integral part of pulling America out of its economic doldrums. According to the National Association of Home Builders, expanded tax credits for energy-efficient home improvements in the new economic stimulus package puts more money in consumers' pockets by providing financial incentive for home owners to go green on their renovation projects in 2009 and 2010. While more efficient homes save on water and energy bills, these tax credits will make such home upgrades even more affordable.

The Internal Revenue Code section 25C tax credit for existing homes, which had expired at the end of 2007, was reinstated as part of the economic rescue package passed by the Bush Administration last fall. Homeowners could be rewarded for installing energy-efficient windows, doors, roofing and insulation as well as furnaces, air conditioners and heat pumps. But remodelers found that the terms of the 25C credit -- equal to only 10 percent of the cost of each product and with a lifetime cap of $500 -- weren't strong enough to push enough homeowners off the fence and into action.

Now, the credit rate and lifetime cap have been tripled – to 30 percent and $1,500, respectively – the list of eligible improvements expanded, and the deadline for applying has been extended through the end of 2010. Congressional estimates indicate that the new rules for the tax incentive will increase aggregate remodeling activity by more than $6 billion.

"The new tax credit also aligns with industry research indicating that even the most aggressive efficiency goals for new homes won't make a dent in overall energy consumption. Instead, remodeling and retrofitting the nation's older homes is by far the more efficient solution," said NAHB Remodelers Chairman Greg Miedema, CGR, CGB, CAPS, a remodeler from Tucson (AZ).

"These new tax credits are another way that home building industry can combat the potential effects of global climate change by encouraging home owners to make energy-efficient improvements to their homes," said Miedema.

A 2008 California study revealed that 70 percent of the greenhouse gas emissions related to single-family envelope energy consumption can be attributed to homes built before 1983.

The bottom line: Retrofitting existing homes with energy-efficient features is four to eight times more carbon, and cost-efficient than adding further energy-efficiency requirements to new housing, the study showed.

Details on qualifying improvements are available at the IRS Web site at www.irs.gov. It is expected that homeowners will need to complete Form 5695 (Residential Energy Credits) and submit as part of their 2009 income tax returns to claim the credit. Further, homeowners should retain for their own records information that includes:

Name and address of the manufacturer

Identification of the component

Make, model or other appropriate identifiers

Statement that the component meets the 25C standards

Climate zones for which the criteria are satisfied

Additional information for storm windows, if applicable

A declaration that the certification statement is true.
Due to the efforts of nonprofits like NAHB, the National Association of REALTORS and its affiliate organizations like the CCIM Institute, more and more businesses and individuals alike understand that 'green' is good for our economy, for our health and for the sustainability of our nation's communities

Why You Should Buy A Home Now

2009-03-12T12:10:00.003-06:00

WHY YOU SHOULD BUY ANEW HOME NOW

You’re renting a home and beginning to wonder if you should maybe buy a home, consider what author, David Bach, tells us, "Most average homeowner’s are worth up to 35 times more than the average renter."
His advice is for renters to take action immediately and start saving part of their paycheck every month to help accumulate a down payment. He also encourages renters to borrow 10-20 percent less than what the bank is willing to lend; that way you’re only buying as much home as you can afford.
The longer you rent, the longer it may take you to eventually get into homeownership. If the market conditions have scared you, perhaps you're not looking at the other side of the coin. Owning a home becomes part of your investment portfolio, provides tax benefits, allows you to build equity (it still exists), and, if you buy now, you may get an excellent deal.
According to Market Watch , buying a home now can provide some real negotiating power to request improvements, price reductions, help with closing costs, and more. People can get almost everything they need and most of what they want today.
While poor market conditions have created a tough situation for homeowners across the country , the downturn has made the buying market ripe for buyers.. The affordability of homes is better than ever. The National Association of Realtors' housing affordability index concluded that homes in December of 2008 were more affordable than at any other point since 1970 (the start of the index). And with numerous foreclosures on the market and prices dropping in many areas, now is a good time to buy. But in order to make your purchase profitable, here are some things you should consider.
How long will you be in the home? Some experts advise that if you are planning to move within a year, buying may not be the best option because of the expenses associated with moving. However, if you're searching for a place to live for, at least, five years, buying now could be a good choice for you.
How much you can afford. Don't let tighter lending regulations scare you off from making a purchase. Instead, understand what you truly can afford. Don't get caught up in buying too much home. In fact, these days, the trend is moving toward smaller homes.
Mortgage rates have dropped to historical lows. How much home you can afford is affected by mortgage interest rates that, right now, are very attractive. Good credit, documenting your income, and a substantial down payment will make you a better candidate for better rates.
Freedom to choose. Now, unlike several years ago, the market has a large inventory in many areas. The market time to sell a home has increased which creates a large inventory of homes, everything including new, existing, and foreclosures properties. Buyers can search he market and have the freedom to select the home they really want. If you're interest is in a new home, know that many developers are getting more competitive with their pricing because they also have taken a hit by the ailing economy, and some offer special rates the first year or are offering closing cost assistance.
Quality of life. Buying a home can create a higher quality of life, giving you pride of homeownership, and something to enjoy over the years.
Tax credit benefit. The American Recovery and Reinvestment Act of 2009 provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

Wondering What Your Home Is Worth? Let Us Show You

Webster Groves Victorian Home High On A Hill For Sale

2009-03-02T14:39:00.004-06:00

Amazing architectural detailing throughout. Spacious rooms with 10 foot ceilings. Lovely refinished hardwoods, stain glass windows with 2 bay windows and original moulding throughout. Kitchen offers 42 inch wood cabinets and opens to family room. Even offers a main floor laundry. Master offers a 8x10 sitting room with cedar lined walk in closet. Zoned HVAC and updated plumbing. Welcome your friends and family to the large 25 x 19 front porch. This foreclosure only needs very little to be move in ready. contact The H Team today for your tour.

Readying Your Home For Spring

2009-03-02T09:57:00.003-06:00

Getting Your Home Ready For Spring
The H Team

Get your timers and clocks set ahead one hour. Daylight saving time is just around the corner and you’ll need to adjust any timers on household gadgets, indoor and outdoor lights, and those regulating the thermostats on your heating system.

Plant kitchen herbs inside and transplant in May when all signs of frost disappear. Basil, chives, dill, parsley, and fennel can be started from seeds. Oregano, rosemary, sage, savory, and tarragon do better if you start them from small plants or cuttings.

Change the batteries in your smoke detectors. In addition to testing batteries regularly, you should change these twice a year without fail.

Wash your windows. Clean the residue left behind by winter storms by tackling the job while the weather is still cool to prevent streaking. Start indoors before installing your screens, then finish the job outside on a dry day.

OUTSIDE:

Clean the deck to remove grime, pollen, fungus, and mildew. Scrub the surface with a deck cleanser or this homemade cleaning formula: Add one cup of powdered laundry detergent to a gallon of hot water, and add 1/2 cup of chlorine bleach to kill moss or mildew.

Check shrubs and trees for winter damage and prune accordingly. Remove deadwood or broken branches. Replant any shrubs that have heaved out of the soil during a freeze-thaw cycle, before the roots dry out.

Bring your garden hose out of storage. Check for cracks and leaks and replace the rubber or plastic washers at the connectors as well.

Service Lawn Mowers & Equipment Now is the time to inspect mowers and trimmers. Change the oil, replace spark plugs and sharpen the blades. If a unit needs repair getting it to the repair shop early will insure an early return
Spread Fertilizer and Weed Preventer Apply before the spring showers hit. Read manufacturers suggestions on application and warnings.

Will Your Sale Price Leave You Short

2009-02-25T08:46:00.004-06:00

What to Do When the Sales Price Leaves You Short

It’s time to sell your home, and the total amount you owe is greater than your homes current value. This is called a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as:

• Refinancing your loan at a lower interest rate
• Providing a different payment plan to help you get caught up
• Providing a forbearance period if your situation is temporary

When a loan modification still isn’t enough to relieve your financial problems, a short sale could be your best option if

• Your property is worth less than the total mortgage you owe on it.
• You have a financial hardship, such as a job loss or major medical bills.
• You have contacted your lender and it is willing to entertain a short sale.

2. Hire a qualified team. The first step to a short sale is to hire a qualified real estate professional* and a real estate attorney who specialize in short sales. Interview at least three candidates for each and look for prior short-sale experience. Short sales have proliferated only in the last few years, so it may be hard to find practitioners who have closed a lot of short sales. You want to work with those who demonstrate a thorough working knowledge of the short-sale process and who won't try to take advantage of your situation or pressure you to do something that isn't in your best interest.

A qualified real estate professional can:

• Provide you with a comparative market analysis (CMA) or broker price opinion (BPO).
• Help you set an appropriate listing price for your home, market the home, and get it sold.
• Put special language in the MLS that indicates your home is a short sale and that lender approval is needed (all MLSs permit, and some now require, that the short-sale status be disclosed to potential buyers).
• Ease the process of working with your lender or lenders.
• Negotiate the contract with the buyers.
• Help you put together the short-sale package to send to your lender (or lenders, if you have more than one mortgage) for approval. You can’t sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.

3. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale “package” that accompanies any offer typically must include

• A hardship letter detailing your financial situation and why you need the short sale
• A copy of the purchase contract and listing agreement
• Proof of your income and assets
• Copies of your federal income tax returns for the past two years

4. Prepare buyers for a lengthy waiting period. Even if you're well organized and have all the documents in place, be prepared for a long process. Waiting for your lender’s review of the short-sale package can take several weeks to months. Some experts say:

• If you have only one mortgage, the review can take about two months.
• With a first and second mortgage with the same lender, the review can take about three months.
• With two or more mortgages with different lenders, it can take four months or longer.

When the bank does respond, it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one. (Your real estate attorney and real estate professional, with your authorization, can work your lender’s loss mitigation department on your behalf to prepare the proper documentation and speed the process along.)

5. Don't expect a short sale to solve your financial problems. Even if your lender does approve the short sale, it may not be the end of all your financial woes. Here are some things to keep in mind:

• You may be asked by your lender to sign a promissory note agreeing to pay back the amount of your loan not paid off by the short sale. If your financial hardship is permanent and you can’t pay back the balance, talk with your real estate attorney about your options.

• Any amount of your mortgage that is forgiven by your lender is typically considered income, and you may have to pay taxes on that amount. Under a temporary measure passed in 2007, the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act , homeowners can exclude debt forgiveness on their federal tax returns from income for loans discharged in calendar years 2007 through 2012. Be sure to consult your real estate attorney and your accountant to see whether you qualify.

• Having a portion of your debt forgiven may have an adverse effect on your credit score. However, a short sale will impact your credit score less than foreclosure and bankruptcy.

As full time RealtorsThe H Team can provide a Broker Price Opinion and market your home.

St Louis Association of Realtors Update

2009-02-19T12:15:00.003-06:00

Pending Home Sales Show Healthy Gain
Reprint from SLAR News You Can Use

Pending home sales increased as more buyers took advantage of improved affordability conditions, according to the National Association of Realtors®. Big gains in the South and Midwest offset modest declines in other regions. The Pending Home Sales Index rose 6.3 percent to 87.7 from an upwardly revised reading of 82.5 in November, and is 2.1 percent higher than December 2007 when it was 85.9. Lawrence Yun, NAR chief economist, said the index shows a modest rebound. "The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month," he said. "The biggest gains were in areas with the biggest improvements in affordability."

To begin your search for your new home or to sell your current home contact The H Team today.

Home Buyer Checklist

2009-02-17T15:33:00.005-06:00

Buyer's Checklist
The H Team

Buyers must do their part to help make the Buying transaction "smooth" alll the way to the closing table. Always expect minor problems and delays along the way. On the seller's side, title problems are a common cause of postponed settlements. On your side, bureaucratic snags such as extensive credit checks and slow appraisals can bog things down. In many cases, there isn't much you or the seller can do but wait.

While you're waiting for completion of all the processes now in motion, you should:

Apply for homeowners insurance on your new home.
Get an exact accounting settlement cost, and make sure the money and necessary documents will be there at closing.
Select a date for the final walk-through of the house.
Contact utility companies about starting service in your name.
Insurance on your new home

Your lender will require you to take out a homeowners insurance policy, and usually pre-pay for the first years premium, something you would want to do anyway. The lender wants to cover the amount of its mortgage loan so it can recover the money in the event of a loss. However, it's up to you to see that your insurance coverage remains adequate by getting property protection, liability insurance and/or any additional coverage you think is necessary.

The final inspection
The house you're buying must be handed over to you in the condition specified in the contract. To verify this, schedule a walk-through of the house shortly before settlement, several days in advance is best, to allow time for the seller to correct any last-minute problems. Look for left behind items, trash, damages from the movers. Also check attics and garage rafters.

Take along a simple device, such as a plug-in nightlight, to test all electrical outlets. Turn on the furnace and air conditioning, flush toilets and turn on faucets, put the washing machine and dryer through a cycle. Fill all drains and check for leakage, run the dishwasher through a few complete cycles. In short, put the house through its paces.

If anything needs fixing or further cleaning, ask your agent to inform the selling agent or home seller immediately. Neither you nor the seller wants to postpone the settlement, but make it clear you won't go to closing until a second walk-through is satisfactory.

What happens at closing
The closing is where ownership of the home is officially transferred from the seller to you. Your closing officer works for the title company and coordinates the document signing and the collection and disbursement of funds. Your main role at the closing is to review and sign the documents related to the mortgage loan and to pay the closing costs.

Most parties involved with the purchase of your new home will attend your closing. The closing is a formal meeting typically attended by the buyer(s) and the seller(s) (and their attorneys if they have one), both real estate sales professionals, and, of course, the closing officer. The meeting is typically held at the title company's office.

What to bring to closing
For things to go smoothly, each party should bring certain documents and be prepared to pay the necessary fees. Many closing costs can be paid by personal check, but ask the closing attorney or closing officer. A certified or cashier's check may be required. Find out to whom checks should be made payable.Most closers will also require a state approved picture ID.

The seller and his attorney are responsible for preparing and bringing the deed and the most recent property-tax bill. They also will bring other documents required by the contract. This can include the property insurance policy, termite inspection, documents showing the removal of liens and a bill of sale for personal property.

Make sure you have adequate funds for the down payment and other settlement costs, arrange for your attorney to represent your interests at the meeting, bring the loan commitment, inform the lender of the meeting time and place. Finally, it's a good idea to bring a copy of the purchase contract to refresh your memory.

Regardless, if you're buying or selling The H Team will assist you from start to completion. Contact us today to answer any questions you may have.

First Time Homebuyer Tax Credits

2009-01-30T10:09:00.004-06:00

Federal First Time Homebuyer Tax Credit
*Preprinted from an article by Sam Licklider

You may have already heard about this program from your Representative or Senator but, if you haven’t, MHDC (Missouri Housing Development Commission) has announced a new program to work in conjunction with the Federal First Time Homebuyer Tax Credit program. Included is the explanation from the MHDC web site immediately below this paragraph as well as the URL for the MHDC.

Quote from MHDC web site
With over 30 years experience funding mortgages for first-time homebuyers, MHDC knows that the biggest barrier faced by first-time homebuyers is acquiring money for down payment and closing costs. As a result, MHDC created a program that allows homebuyers to receive the value of the tax credit at the time of closing.
How the Federal First-Time Homebuyer Tax Credit Works:

First-time homebuyers receive a tax credit worth 10% of their home purchase, up to $7,500. The credit is claimed on the homebuyer’s federal tax returns. The credit is refundable, which means that the homebuyer receives a refund for the amount of the credit minus any federal tax liability. The credit is essentially an interest-free loan from the federal government and must be repaid through an increase in federal income taxes over a period of 15 years.

How the MHDC Tax Credit Advance Loan Program Works:

MHDC makes a second mortgage to the homebuyer at the time of closing worth up to 6% of the home purchase price or a maximum of $6,750, which is used to cover down payment and closing costs. The tax credit advance loan is paired with MHDC financing for the first mortgage in the form of a safe 30 year, fixed rate mortgage. The homebuyer then files for the federal tax credit and uses the credit refund to pay off the MHDC tax credit advance loan. If the tax credit advance loan is paid off by the designated deadline (no later than June, 2010), the homeowner pays no interest other than a modest servicing fee. If the tax credit advance loan is not paid in full by the deadline, principal and interest payments to repay the loan over 10 years begin automatically.

MHDC loan programs are available for households with incomes up to $85,500.

The federal tax credit and the MHDC tax credit advance loan program are both currently set to expire June 30, 2009.
Visit Missouri Housing Development Commission for more information.

To begin looking for that new home contact The H Team today.

Saving Money While Dining Out in St. Louis, MO.

2009-01-26T08:58:00.008-06:00

Saving Money While Eating Out with the Children
The H Team

Everyone is trying to save money these days and one of the best ways we’ve found is going to restaurants that offer “kids eat free”. Here are some St. Louis restaurants that offer free meals for children;

Culpeppers 9 Locations
Kids under 12 eat free on Mondays with each paid adult meal.

Dickeys BBQ 8 Locations
Kids Eat Free on Sundays with Paid Adult Meal.

Kriegers 3 Locations
Kids 12 and Under Eat Free on Tuesdays

O Charleys 8 Locations
Kids under 12 Eat Free Every Weekday

The Pasta House 16 Locations
Kids under 12 Eat Free on Sundays

Steak and Shake 37 Locations
Kids under 12 Eat Free Every Weekday

Another great way to save money at St. Louis, MO., restaurants is to visit Here
There is a small fee but you can get a $25 Gift Certificate for only $10 to some of the area's best restaurants.

Learn how to save money on your next Real Estate transaction by visiting The H Team today

The H Team

Keeping Your Home Safe Using Electric Space Heaters

2009-01-23T09:44:00.004-06:00

Keeping Your Home Safe Using Electric Space Heaters

The H Team
• Adapted from an article written by The Fire Protection Agency

As temperatures continue to remain below average Home owners are substituting electric space heaters instead of increasing the thermostat level.

But using a space heater isn’t as safe as it is simple. According to The Florida Fire Protection Agency, electric space heaters were responsible for:

• 32% of home heating-related fires
• 57% of home heating-related property damage
• 73% of home heating-related civilian deaths

Space Heaters cause a disproportionate amount of damage versus central heating systems and fireplaces. Therefore it is very important to practice safety and care when using electric space heaters.

Some basic safety tips include:

• Do not place anything that can catch fire or burn within 3 feet of the appliance
• Make sure your appliance is approved by Underwriters Labotories, it should have a sticker on the appliance or cord.
• Never use an extension cord.
• Turn appliance off when leaving the room or going to bed.
• Follow the manufacturers safety instructions

Provided as a community service by H Team.

First Time Home Buyer Mistakes

2009-01-22T08:00:00.009-06:00

5 Common First-Time Home Buyer Mistakes
The H Team

They don’t ask enough questions of their lender and end up missing out on the best deal.

They don’t act quickly enough to make a decision and someone else buys the house.

They don’t find the right agent who’s willing to help them through the homebuying process.

They don’t do enough to make their offer look appealing to a seller.

They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Check out our web page to view the entire local MLS

Keeping Your Auto Winter Ready

2009-01-20T09:16:00.004-06:00

Keeping Your Auto winter Ready
The H Team

Taking a few moments to check a few things can prevent being stranded or in need of a service truck.

Battery

Clean the battery with warm water. Remove the terminals and wire brush them and the battery posts with warm water and baking soda. Reattach the terminals and coat all exposed metal with petroleum jelly. You're not done yet–using some sort of household cleaner, clean all traces of dirt and oil from the battery's top and sides, particularly near the terminals. Traces of dirt can trap moisture, especially during damp winter days. This moisture acts as a conductor along a path that normally doesn't conduct electricity at all, and can leak enough current between the battery posts to prematurely drain your battery. In fact, consider replacing your battery if it's more than 4 years old. Newer cars tend to use smaller batteries to reduce weight and improve mileage, and, combined with high under hood temperatures, that spells an earlier demise than you may have gotten 10 to 15 years ago.

Light Bulbs

Check all light bulbs and replace any that aren't working. The days are short during the winter, and you'll depend on these bulbs for visibility a much larger proportion of the day. Check all turn signals, brake lights and headlights. It's also a good time to check your headlights alignment too.

Windshield wipers

Windshield Wipers are essential for winter driving, and after a summer of sunshine, the rubber squeegees are probably in sorry shape. Play it safe and replace them. Be sure the wiper arms and springs are in good shape, and that the blade is held square to the windshield surface. You may need to bend it slightly to keep everything square. Make sure your fluid level is full and that the washer solvent your using is safe for the low temps in your area.

Coolant

Check the date on the coolant. (Remember many new cars have extended drain intervals–but not permanent coolant. Read the owner's manual.) If it's due to be replaced, use a 50-50 mix of fresh coolant and water.

These few easy to follow tips can help reduce any problems with your automobile during the extreme cold of St. Louis winters.

Preventing Frozen Water Lines

2009-01-16T10:20:00.006-06:00

Preventing Broken Water Pipes
The H Team
Arriving home to a flooded basement because of broken water pipes is a preventable situation. By following a few simple precautions your home doesn’t have to be damaged;

Disconnect exterior hoses
Once you’ve disconnected the hose from the faucet allow it to drain. Turn off the hose bib in the interior and open the valve to drain. If you do not have an interior shut off install heat tape over the first 10 inches of the interior pipe.

Install Insulated Pipe Sleeves
These rubber like covers just slip over pipes in an unheated area and available at most Hardware or Home Improvement Centers. A piece of duct tape over the ends will insure the cover stays in place.

Close up crawl spaces
And seal all access doors, vents and cracks. Cold air seeping in can freeze pipes and other plumbing fixtures.

Open Cabinet Doors
Under sinks to allow heat to keep pipes warm.

Know location of shutoff valve
To turn off all the water in your home, in case of breakage and flooding. Shutting the water off can prevent additional damage.

Always leave heat on
Your thermostat should be set no lower than 55 degrees if you are traveling or will be gone for an extended period of time.

Winterize your home
This consist of all pipes being drained and blown dry by a licensed plumber. Normally this is done if your home will be vacant for an extended time.

Are you in need of a licensed local plumber? Contact The H Team today for a qualified plumber.

A Unique Way To Get Your Home Sold

2009-01-13T19:02:00.004-06:00

A Unique Way To Get Your Home Sold
Frank J. Helderle
With today’s market being what it is and buyers being in control, sometimes a real estate agent has to become creative, aggressive and think “outside the box.”

After being on the market for 120 days with tons of showings, we couldn’t get anything to happen on our listing. It was a nice listing, only 3 years new in a very upscale subdivision. It offered every builder option available, and was priced $20,000 under what the seller paid. Why, it wouldn’t sell was beyond me.

Finally another agent called who had a re-location client who was looking for a quick closing and was a cash buyer. I held my breath and crossed my fingers, nothing happened. The agent called the next day and said they liked it but that they were trying to decide which property they liked the most of the ones they had toured and wanted to go back in for another look. I asked which properties they were comparing our listing to and did some quick comparisons and even visited and toured the other two homes.

The next day the other agent called and said they really liked our listing but had decided to write an offer on one of the other properties. Since that property was about $15,000 less than ours with fewer amenities I asked the agent to give me a couple of hours to discuss some possibilities with my seller.

I immediately got on the phone with my seller. Since this seller had transferred out of town and purchased another home already he very much wanted this home to sell. In some of our previous discussions my client had confided in me that he was prepared to reduce the price lower but only if we had a qualified buyer who was ready.
I suggested he reduce his price to the point he was willing to go and that we write a reverse offer.
We wrote the offer and presented to the buyer’s agent, who after a brief education on reverse offers, presented the offer to his buyers. The buyers were elated and accepted the offer. The seller was able to get his home sold with a minimal reduction in his asking price.

There are just too many choices out there for buyers today and by offering an incentive to them it should make them take notice. Sellers have to become more aggressive and let the buyers know they are serious.

Is 2009 The Year To Buy A New Home

2009-01-09T11:27:00.003-06:00

Is 2009 the Year To Purchase A Home?
Frank J. Helderle

As a buyer in 2009 the decision lays entirely in your court. With low interest rates, an over supply of homes for sale and the lower prices 2009 is a great time to purchase a new home, with a few items to consider;

Buying Too Aggressively So you’ve located a few houses you’re interested in, make sure it’s something you can easily afford. Everything you read today about the economy tells us that our current recession will last longer than a year or so and that unemployment could hit over 8% which means trying to stretch your income just won’t work. Most lenders will tell you how much of a home you can afford, but by buying a home that costs 50% of your take home pay is just inviting problems. Consider what happens if you get laid off or your company shuts down? It can happen, so buy conservatively.

Purchasing A Foreclosure Yes a foreclosure can be a real bargain, with deep discounts, these properties can come with a great deal of baggage. After a home sits vacant for months or years things begin to deteriorate, such as no water running through the stacks, dishwasher pumps tend to dry out, carpet and vinyl begin to get loose when the house has no heat or cooling. Always know what you’re getting into. Before you begin looking at foreclosures hire an expereienced real estate agent and a certified building inspector. Make sure all utilities are on, even if you have to arrange for them to be turned on..By spending a few dollars in the beginning will save you much more in the long run.

Search For The Best Deal Home prices are expected to continue to fall most of 2009, those people considering buying a home are in the driver’s seat and should be looking for the very best deal. Since it is such a buyers market look for the deal and low ball the offer, you never know, you may get lucky. While low balling is common in today’s market don’t go overboard. Making an insulting low offer may upset the seller which may result in any offer you make on the property unacceptable

Understand The Local Market It’s really easy to listen to all the doom and gloom about the Real Estate market but savvy buyers need to be paying attention to the market area they are considering making a purchase. What’s happening in one area may be the total opposite in another. Remember, an individual market is not the same as a national market. Again hiring an experience local Real Estate Agent will insure you’re well educated about the market you’re shopping.

Buy For The Long Term As home prices continue to decline 2009 will not be the year to make a return on your investment. Actually your new home may continue to loose value throughout 2009. But, eventually home prices will rebound. Any home you purchase in 2009 you should plan on living in for at least 3 years

2009 is the year to purchase a new home if you know where to look, how to look and when to look. Contact The H Team today to begin looking for your new home

Now Is The Time To Buy

2009-01-06T10:10:00.004-06:00

Why Now Is The Time To Buy A Home

YES, now is the time to buy a house for a number of reasons. Regardless if you’re a first time home owner, an investor or a move up buyer. If you don’t get on the boat soon, once it leaves port, you won’t be able to get on board. It will move that fast. Just why do I and a lot of other professionals think 2009 will be the start of the rebound?

1. Low Prices Home prices are at a record low. The median price in St. Louis, MO., is now at $179,900 down from $200,000. With a decent credit score payments are going to be affordable once again.
2. Low Interest Rates FHA rates as of today are 5.125% on a 30 year fixed and as low as 4.750% on a 15 year fixed with only 3.5% down-payment required. My friends in the mortgage business tell me applications are up.
3. New White House The new White House is beginning to talk stimulus once again. Car manufacturers are reducing required credit rating requirements to get people back into the showrooms. Once the population starts spending money again Americans will get use to spending money again.

Once people start spending money again our economy will begin moving very fast. Interest rates will go up; sellers will want more money for their homes and will receive multiple offers on their homes.

Getting on board today by getting pre-approved, signing a buyer’s agency with a full time Realtor and beginning to look you can be sailing away in your new home at a great price with a low interest rate before the rush.

For a list of available homes that meet your criteria contact The H Team today. For free pre-qualification or to determine your buying power contact Christy

Frank J. Helderle

It's 2009 "Happy New Year"

2009-01-02T08:36:00.002-06:00

I got up this morning and it suddenly dawned on me it’s a New Year, and a New Year means “New Business” Think about it for just a few moments; after the parties, the noise makers, the party hats there are a million different kinds of calendars out there. What a way to remind a client or potential client that it’s a New Year and maybe time for a New Home?
Yes, I know we all do the promotional calendars but like the one I sent my number two brother, “Hot Rod Cars” or the one I sent to my Doctor “Joke For A Day”, it’s better than a picture of me hanging on their wall. Who would of imagined how many different calendars are out there and guess what, you can get them for 50%. A twitter friend from Connecticut suggests appointment books also.

A New Year also brings resolutions and new goals. Looking at Amazon. Com. Three of the top ten best sellers deal with health or financial well being. I’ve noticed on television over the last two days at least 3 ads for weight loss surgery and at least 5 for gym memberships. I long for the political season to return. Those ads at least were comical.

Putting your financial and health goals on the front burner is great to start with, but another great goal for 2009 is to purchase a new home. Regardless of what the boo-hoers are saying now is the greatest time in 20 years to buy a home. Inventory is up, sellers are motivated and interest rates are at a historical low. Why not consider moving up and getting that extra bath and bedroom you’ve needed for so long. Or as many first-time home buyer’s have discovered home ownership is still the greatest investment they can make. And with a basement or extra bedroom they could purchase my hardly ridden exercise bike and start their own in home gym.

As a Realtor it’s time to get out there and start drumming up that “new business”. Everyone else it’s time to consider getting that new home, setting goals and staying on track towards those new resolutions.

To begin the search for that new home visit The H Team and search the MLS.

Happy New Year

What Did It Sell For?

2008-12-30T18:33:00.003-06:00

63011 Ballwin, MO.

829 Lilybud Ct, $102,900
832 Lilybud Ct, $108,000
160 Burtonwood Dr, $130,000
605 Vitry Dr, $157,700
1219 Brittany Parkway Dr, $163,000
2333 Forest Leaf Parkway, $205,000
200 Morewood Dr, $215,000
1526 W. Field Av, $225,000
320 Country Club Dr, $255,000
315 Claymont Cove Ct, $269,500
425 Tamarack Dr, $275,000
336 Glan Tai Dr, $319,900
725 Kerley Ct, $357,000
16520 Highland Summit Dr, $370,000
1348 Rusticview Dr, $385,000
528 Dartmouth Crossing Dr, $434,500
730 Clayton Corners Dr, $628,000

63021 Ballwin, MO.

159 Carmel Woods Dr, $78,500
28 W. Meadows Ln, $87,500
224 Victor Ct, $110,000
1220 Wicklow Rd, $118,000
200 Braeshire Dr #D, $130,700
278 Village Creek Dr, $137,000
676 Turfwood Dr, $150,000
1356 Holgate Dr #E1, $155,000
2375 Hidden Meadow Ln, $161,500
1635 Award Dr, $163,000
724 Woodrun Dr, $167,000
152 Cascade Circle Dr, $174,000
809 Ginger Wood Ct, $178,000
938 Oakwood Farms Ln, $199,900
405 Harvest Hill Ct, $225,000
1412 Cedar Bluff Dr, $235,000
345 Carr Manor Ct, $300,000
916 Kiefer Trails Dr, $325,000
287 Victoria Pointe Ct, $425,000 1
515 Dietrich Ridge Dr, $750,750

63026 Fenton, MO.

1407 Valiant Dr, $98,000 1
452 Noche Ln, $148,000
819 Spring Crest Dr, $215,000
17 Majestic Ct, $233,500
2050 Meramec Meadows Dr, $274,000
1223 Summerpoint Ln, $305,000
1025 Hawkins Bend Dr, $431,310
1347 Remington Oaks Terr. $318,000
2220 Fenway Farms Trail, $460,000

63123 Affton, MO.

9207 Reavis Barracks Rd, $45,300
6247 Pointview Ln, $73,000
9434 Dorisann Ct, $100,000
9315 Rambler Dr, $110,000
4842 Mohegan Dr, $111,856
6501 Horst Dr, $115,000
10133 Florinda Dr, $120,500
9410 Upland Dr, $126,000
5124 Lakewood Av, $127,000
4327 Hannover Cts, $130,000
9433 Sequoia Ct, $135,000
9401 Talbot Dr, $138,500
4736 Weber Rd, $140,000
4355 Mohegan Dr, $144,000
7934 Aldershot Dr, $145,000
9800 Chesterton Dr, $148,300
4465 Mohegan Dr, $149,000
9040 Amona Dr, $149,000
7114 Val Brook Ln, $149,850
7127 Fernbrook Dr, $155,000
8218 Fendale Dr, $160,000
7221 General Sherman Ln, $161,000
8301 Lonkar Dr, $161,500
821 Forman Rd, $165,000

63125 Lemay-Mehlville, MO

9606 Gentry Av, $52,000
1919 Mansard Dr, $57,000
420 Earlsfield Ln, $128,000
1803 Diane Dr, $145,000

63128 Mehlville, MO

5450 Cherryview Ln, $120,000
5506 Duchesne Parque Dr, $142,000
4737 Music Ln, $239,000
9853 Southwick Dr, $250,000
4911 Griffin Rd, $272,000
4742 Music Ln, $275,000

63129 Oakville, Mehlville, MO.

4380 Tavistock Circle, $33,000
1053 Humber Circle, $105,000
29 Kassebaum Ln #202, $129,900
2902 Parc Cheri Ct, $138,000
29 Kassebaum Ln #101, $142,850
3620 Kathleen Ann Dr, $146,000
447 Fairwick Dr, $146,000
634 Fairwick Dr, $149,900
5835 Bristlecone Ct, $186,000
2840 Bee Tree Ln, $190,000
2680 Queen Bee Ln, $250,000
729 Forder Crossing Ct, $250,000
773 Forder Manor Dr, $250,000
3108 Woodbridge Estates Dr, $261,000
5006 Southridge Park Dr, $324,900
6250 Olsen Ln, $400,000

Prices and address' from public records.

Is it time to Move Up?

2008-12-29T10:48:00.003-06:00

These 6 questions will help you decide whether you’re ready for a home that’s larger or moving to a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.

2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.

3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.

4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.

5. Are you comfortable moving in the current housing market? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.

6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.

If you think it may be time to move up or move out contact The H Team today for a free review.

In A Buyer's Market Values Are Determined By Buyer's

2008-12-11T09:33:00.003-06:00

While speaking with a new client yesterday, who is considering selling his house, a question/comment came up. As we were discussing com parables in the neighborhood he produced a print out of what he thought his home was worth.

I tried to explain to him the value of his home is determined by what a buyer is willing to pay in TODAY’s housing market, based on the comparison of the home in question with all of the others on the market, in the same neighborhood and others that had been sold that were comparable to his. I continued to explain what things did not affect the value of his home. After spending an hour with this gentleman I decided to make a list of items that do not effect the value of a home and create a list to include in my pre-listing packet;

What you paid for the house
Your remodeling costs
The amount of cash you need to buy your new house
What you want for your house
What I say your house is worth
What other real estate agents say your house is worth
What an appraiser says your house is worth
What the tax assessor said your house was worth
What Zillow says your home is worth
What Trulia says your home is worth

Your home is only worth what a buyer is willing to pay for it.

Since this fellows home was in a market area with a lot of foreclosures his potential price prohibited him from placing it on the market at this time.

How the Tax Credit Works

2008-12-09T13:27:00.004-06:00

The First-Time Home Buyer Tax Credit was passed this year as part of the Housing and Economic Recovery Act (H.R. 3221) on july 30, 2008 and targets any individual that hasn't owned a home for at least three years. Taxpayers can take the credit on their 2008 tax return if the purchase was made after April 9, 2008

It's worth up to $7,500 and can be taken in a single tax year.Authorization for the tax credit ends July 1, 2009 so if you wait to buy until after the first of the year you can take the tax credit on your 2009 return.

The actual credit amount is set as a percentage of the home purchase amount. That perccentage amount 10 percent of the purchase price credited against your tax liability up to the $7,500.

Income levels are $75,000 for individuals and $150,000 for households. Individuals who income exceeds the $75,000 limit but isn't more than $95,000 can still take the credit but on a reduced basis. The same thing applies to households earning up to $170,000.

Any house is eligible as long as it's a primary residence and is in the USA.

Contact your professional tax advisior as to your eligibility. The H Team can help you find a new home.

First-Time Home Buyer Tax Credit

2008-12-05T14:45:00.000-06:00

Frequently Asked Questions
About the First-Time Home Buyer Tax Credit

The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009. The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.

Who is eligible to claim the $7,500 tax credit?
What is the definition of a first-time home buyer?
How do I claim the tax credit? Do I need to complete a form or application?
What types of homes will qualify for the tax credit?
Instead of buying a new home from a home builder, I have hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
What is "modified adjusted gross income"?
If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
Can you give me an example of how the partial tax credit is determined?
Does the credit amount differ based on tax filing status?
Are there any circumstances for which buyers whose incomes are at or below the $75,000 limit for singles or the $150,000 limit for married taxpayers might not be able to claim the full $7,500 tax credit?
I heard that the tax credit is refundable. What does that mean?
What is the difference between a tax credit and a tax deduction?
Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
I live in the District of Columbia. Can I claim both the DC first-time home buyer credit and this new credit?
I am not a U.S. citizen. Can I claim the tax credit?
Does the credit have to be paid back to the government? If so, what are the payback provisions?
Why must the money be repaid?
Because the money must be repaid, isn’t the first-time home buyer program really a zero-interest loan rather than a traditional tax credit?
If I’m qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?
Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2008 tax return?

Who is eligible to claim the $7,500 tax credit?
First time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after April 9, 2008 and before July 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs.

What is the definition of a first-time home buyer?
The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.

How do I claim the tax credit? Do I need to complete a form or application?
Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. No other applications or forms are required. No pre-approval is necessary; however, prospective home buyers will want to be sure they qualify for the credit under the income limits and first-time home buyer tests.

What types of homes will qualify for the tax credit?
Any home purchased by an eligible first-time home buyer will qualify for the credit, provided that the home will be used as a principal residence and the buyer has not owned a home in the previous three years. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats.

Instead of buying a new home from a home builder, I have hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
Yes. For the purposes of the home buyer tax credit, a principal residence that is constructed by the home owner is treated by the tax code as having been "purchased" on the date the owner first occupies the house. In this situation, the date of first occupancy must be on or after April 9, 2008 and before July 1, 2009.

In contrast, for newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date.

What is "modified adjusted gross income"?
Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine "adjusted gross income" or AGI. AGI is total income for a year minus certain deductions (known as "adjustments" or "above-the-line deductions"), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains.

To determine modified adjusted gross income (MAGI), add to AGI certain amounts such as foreign income, foreign-housing deductions, student-loan deductions, IRA-contribution deductions and deductions for higher-education costs.

If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
Possibly. It depends on your income. Partial credits of less than $7,500 are available for some taxpayers whose MAGI exceeds the phaseout limits. The credit becomes totally unavailable for individual taxpayers with a modified adjusted gross income of more than $95,000 and for married taxpayers filing joint returns with an AGI of more than $170,000.

Can you give me an example of how the partial tax credit is determined?
Just as an example, assume that a married couple has a modified adjusted gross income of $160,000. The applicable phaseout to qualify for the tax credit is $150,000, and the couple is $10,000 over this amount. Dividing $10,000 by $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $7,500 by 0.5. The result is $3,750.

Here’s another example: assume that an individual home buyer has a modified adjusted gross income of $88,000. The buyer’s income exceeds $75,000 by $13,000. Dividing $13,000 by $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $7,500 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,625.

Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.

Does the credit amount differ based on tax filing status?
No. The credit is in general equal to $7,500 for a qualified home purchase, whether the home buyer files taxes as a single or married taxpayer. However, if a household files their taxes as "married filing separately" (in effect, filing two returns), then the credit of $7,500 is claimed as a $3,750 credit on each of the two returns.

Are there any circumstances for which buyers whose incomes are at or below the $75,000 limit for singles or the $150,000 limit for married taxpayers might not be able to claim the full $7,500 tax credit?
In general, the tax credit is equal to 10% of the qualified home purchase price, but the credit amount is capped or limited at $7,500. For most first-time home buyers, this means the credit will equal $7,500. For home buyers purchasing a home priced less than $75,000, the credit will equal 10% of the purchase price.

I heard that the tax credit is refundable. What does that mean?
The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.

For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that taxpayer qualified for the $7,500 home buyer tax credit. As a result, the taxpayer would receive a check for $6,500 ($7,500 minus the $1,000 owed).

What is the difference between a tax credit and a tax deduction?
A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $7,500 in income taxes and who receives a $7,500 tax credit would owe nothing to the IRS.

A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $7,500 in income taxes. If the taxpayer receives a $7,500 deduction, the taxpayer’s tax liability would be reduced by $1,125 (15 percent of $7,500), or lowered from $7,500 to $6,375.

Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
No. The tax credit cannot be combined with the MRB home buyer program.

I live in the District of Columbia. Can I claim both the DC first-time home buyer credit and this new credit?
No. You can claim only one.

I am not a U.S. citizen. Can I claim the tax credit?
Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519.

Does the credit have to be paid back to the government? If so, what are the payback provisions?
Yes, the tax credit must be repaid. Home buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale. For example, a home buyer claiming a $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax return, a $500 payment is not due until the 2010 tax return is filed. If the home owner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.

Why must the money be repaid?
Congress’s intent was to provide as large a financial resource as possible for home buyers in the year that they purchase a home. In addition to helping first-time home buyers, this will maximize the stimulus for the housing market and the economy, will help stabilize home prices, and will increase home sales. The repayment requirement reduces the effect on the Federal Treasury and assumes that home buyers will benefit from stabilized and, eventually, increasing future housing prices.

Because the money must be repaid, isn’t the first-time home buyer program really a zero-interest loan rather than a traditional tax credit?
Yes. Because the tax credit must be repaid, it operates like a zero-interest loan. Assuming an interest rate of 7%, that means the home owner saves up to $4,200 in interest payments over the 15-year repayment period. Compared to $7,500 financed through a 30-year mortgage with a 7% interest rate, the home buyer tax credit saves home buyers over $8,100 in interest payments. The program is called a tax credit because it operates through the tax code and is administered by the IRS. Also like a tax credit, it provides a reduction in tax liability in the year it is claimed.
If I’m qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
Yes. The law allows taxpayers to choose ("elect") to treat qualified home purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 income limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns instead of for 2009 returns). A benefit of this election is that a home buyer in 2009 will know their 2008 MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.
For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?
Yes. If the applicable income phaseout would reduce your home buyer tax credit amount in 2009 and a larger credit would be available using the 2008 MAGI amounts, then you can choose the year that yields the largest credit amount.
Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2008 tax return?
Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the future home buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment. Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.

10 Tips to Avoid Foreclosure

2008-12-04T08:05:00.008-06:00

As everyone knows foreclosure rates are up all across the US. Each month more than 250 families are foreclosed on. There is help, but most families are not acting fast enough. It is imperative that you ask for help as soon as you see trouble. These tips are provided to educate homeowners who are facing foreclosure.

Should you find yourself getting behind on your mortgage payment ACT NOW

1. Don't Ignore The Problem The further you fall behind the tougher it will become to reinstate your loan and the higher the chance of losing your home.

2. Contact Your Bank/Lender As soon as you realize you have a problem. The bank/lender does not want your house. They have options to help borrowers through tough times.

3. Open And Respond To All Mail From Your Lender Normally, the first notices contain good information about foreclosure prevention options to help get you through a tough financial period. later mail may include information about impending legal actions. Failure to open your mail is not an acceptable excuse in foreclosure court.

4. Know Your Mortgage Rights Locate your mortgage documents and read them so you know what your lender can do if you can't make your mortgage payments. Learn about foreclosure laws and time frames in your state (as every state is different) by contacting the State Government Housing Office.

5. Understand Foreclosure Prevention Options Valuable information about foreclosure (also called loss mitigation) can be found on the Internet at www.fha.gov

6. Contact A Non Profit Housing Counselor The Us Department of Housing Urban Development funds free or very low cost housing counselors nationwide. Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need assistance.

7. Prioritize Your Spending After health care keeping your home should be your main priority. Review your spending and see what you can cut spending to make your mortgage payment. Look for optional expenses, like cable, health club memberships, entertainment you can eliminate. Delay payments on unsecured debt such as credit cards until you have your mortgage paid.

8. Use Your Assets Do you have a second car? Whole Life insurance with cash value? Items you can sell to help reinstate your loan. Can a member of the household get a second job? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices in order to keep your home.

9. Avoid Foreclosure Prevention Companies for-profit companies will contact you promising to negotiate with your lender a plan to work out your loan. While these may be legitimate business' they will charge you a hefty fee (up to 3 months of your monthly mortgage) for providing information and services your lender or a HUD approved housing counselor will provide for free if you contact them. You don't need to pay money for help- use that money towards your mortgage instead.

10. Don't Lose Your Home To A Foreclosure Recovery Scandal If any firm claims they can stop foreclosure immediately if you sign a document appointing them to act on your behalf, you could be signing your home over to them and becoming a renter in your own home. Never sign a legal document without reading it or understanding it. Always get professional legal advice from an attorney, a HUD approved housing counselor or a trusted real estate professional.

To find out more about HUD approved housing agencies and their services go to www.hud.gov or call toll free 1 800 569-4287 weekdays between 9 AM and 5 PM Eastern Standard Time. You can receive the three closest housing counselors nearest you.

Good Luck. This information provided by The H Team a professional team of Realtors serving the St. Louis area. Experienced Loss Mitigation and Short Sale specialists.

Legislation to permit Seller-Funded Downpayment Assistance

2008-11-29T09:46:00.005-06:00

On September 16, the House Financial Services Committee approved H.R. 6694 the "FHA Seller-Financed Down Payment Reform and Risk-Based Pricing Authorization Act of 2008' (Whew what a mouthful) Introduced by Rep AL Green (D-TX) will allow seller-funded down payment assistance to continue for certain borrowers only.
H.R. 3221, the Housing and Economic Recovery Act which became law in July 2008, actually prohibits Seller Down payment Assistance which began in October 2008. H.R. 6694 would allow seller-funded down payment assistance for borrowers with credit scores above 619. Borrowers with scores between 620-680 will be required to pay a higher up-front premium (3%) and higher annual premiums (1.25%. Those above 680 will not have to pay the higher fees.

** NAR Washington News Report September 22, 2008

Take the Stress Out of Homebuying

2008-11-28T10:44:00.001-06:00

Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible.

1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the REALTOR® you chose is both highly skilled and a good fit with your personality.

2. Remember, there’s no “right” time to buy, just as there’s no perfect time to sell. If you find a home now, don’t try to second-guess interest rates or the housing market by waiting longer — you risk losing out on the home of your dreams. The housing market usually doesn’t change fast enough to make that much difference in price, and a good home won’t stay on the market long.

3. Don’t ask for too many opinions. It’s natural to want reassurance for such a big decision, but too many ideas from too many people will make it much harder to make a decision. Focus on the wants and needs of your immediate family — the people who will be living in the home.

4. Accept that no house is ever perfect. If it’s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go.

5. Don’t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price or by refusing to budge on your offer may cost you the home you love. Negotiation is give and take.

6. Remember your home doesn’t exist in a vacuum. Don’t get so caught up in the physical aspects of the house itself — room size, kitchen, etc. — that you forget about important issues as noise level, location to amenities, and other aspects that also have a big impact on your quality of life.

7. Plan ahead. Don’t wait until you’ve found a home and made an offer to get approved for a mortgage, investigate home insurance, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.

8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be costs. Don’t leave yourself short and let your home deteriorate.

9. Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big financial commitment. But it also yields big benefits. Don’t lose sight of why you wanted to buy a home and what made you fall in love with the property you purchased.

10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home’s most important role is to serve as a comfortable, safe place to live.

To insure a stress-free transaction contact The H Team today. Ask about our free Buyer’s Guide.

Sharp decline in Mortgage Rates This Week

2008-11-26T18:32:00.003-06:00

Sharp Decline in Mortgage Rates This Week

Mortgage rates declined Tuesday after the Federal Reserve said it would spend $600 billion to support the mortgage securities market.

Rates fell to 4 7/8 percent, a 1 1/8 percentage point decline. David Beadle, president of BestInfo, said it was the sharpest one-day decline since 1988.

"I hope that the effect is that it brings more investors home to investing in housing," said Alfred DelliBovi, president of the Federal Home Loan Bank of New York. “[Investors] have had a sense in the markets that anything connected with a mortgage is bad" even though most people pay their home loans, he said.

Source: Reuters News, Al Yoon and Lynn Adler (11/25/2008)

Let The H Team help you get pre-approved with Christie Gabel. A full service loan officer with years of experience.

Getting Your Home Ready For Winter

2008-11-25T12:15:00.001-06:00

Getting Your Home Ready For The Winter

Exterior

Disconnect all hose bibs.

Turn off all exterior freeze faucets

Caulk around all Windows

Cover Air Conditioning Unit

Basement

With the furnace off.. Take your vacuum cleaner and clean out around the coils/ heat exchanger. Next change the filter.

Insulate your H2O heater and install pipe wraps on the line coming out of the heater. Make sure your H2O heater is on medium to conserve energy.

All basement windows should be caulked. Install insulation along all exterior door frames.

If you use a fabric softner sheet make sure you remove the dryer vent screen and wash it with water. This will help extend the life of your dryer.

Check dryer vent hoses to insure they are free of debris.

Main Living Area

Caulk around every window,, top, bottom and sides.

Install door frame insulation to all exterior doors.

Install door sweeps on the bottom of all exterior doors.

Install outlet and light switch insulators on any outlets or switches on exterior facing walls.

Install a programmable thermostat.

Vacuum all heat registers.

Hire a chimney sweep to clean chimney

By becoming pro-active now you will save energy and have a warmer home. For a list of qualified contractors contact The H Team today.

Considering "Rent To Own" Things to Know

2008-11-24T16:56:00.002-06:00

In today's Real Estate market some sellers are considering "Rent To Own. Is it for you? Here are some thoughts if you are the buyer or if you are the seller. As with any other contractural agreement consult a licensed professional.

Rent-to-Own Deals: Smart Questions to Ask...

For Sellers:

Who will tend to the property and pay for routine maintenance?

Who pays for major repairs?

What are the costs of setting up and managing an escrow account for the portion of rent allotted to the down payment?

Will you manage the property yourself, or hire an agent?

What if the renters change their minds? Who keeps the money in the escrow account?

If the buyers change their minds, what will be required to put the property back on the market?

For Buyers:
How much of the rent is going to the down payment?

How locked in are you if you change your mind?

What will it cost you to get out of the deal?

How long will it take to accumulate enough of a down payment that you are likely to qualify for a mortgage?

Need an agent experienced in Rent To Own? Contact The H Team today.

Mortgage Foreclosure Debt Relief

2008-11-20T09:07:00.003-06:00

Today’s Home Owners are facing a lot of stress due to changing market conditions that are forcing foreclosure or a short sale of their home..
As the government takes action to stabilize the housing market, homeowners must understand the potential tax implications and new rules regarding these often once in a lifetime transactions.
“It’s hard to believe, but prior to December of 2007, if a homeowner lost his house due to a bank foreclosure, and the bank forgave any difference between the price it was sold for and what was owed, the homeowner would owe additional income tax on that portion,” said Chris Kaucnik, Director of Marketing for HWA.
Michael J. Greenen, CPA and Certified Financial Planner offers an example, “Let’s say the homeowner owed $300,000 on the mortgage, but the foreclosure sale only brought in $200,000. Then the bank forgave the $100,000 shortfall, called cancellation of debt. The homeowner would have been liable for the income tax on the $100,000 debt forgiveness from the bank.”
“Now, because of the unique stresses in the housing industry lately and on our whole economy, last December Congress stepped in to provide temporary relief in the form of forgiving this debt, but only for the 2007, 2008 and 2009 tax years. After that, the old rule applies again,” adds Greenen.
There are conditions that apply to this tax relief:
– To be eligible, the mortgage must be for the principal residence, not vacation, investment or other properties.
– No more than $2,000,000 of forgiven debt can be excluded from taxable income.
– When part of the debt is from a home equity loan, it cannot have been used for purposes other than to build, buy or substantially improve the property otherwise that portion used for other purposes is still taxable.
– When a short sale occurs*, the portion of the mortgage the bank may forgive, including any commission expenses and other selling costs are taxable other than for 2007, 2008 and 2009.
– When the lender agrees to reduce a mortgage payment for a homeowner to keep them in their home, the amount it is reduced by is taxable other than for these relief years.**
– This Act also extended mortgage insurance as an itemized deduction through 2010 on mortgage contracts entered into between 12/31/06 and 1/1/11.
* A short sale is when a borrower is behind on the mortgage payments and the lender agrees the house can be sold for less than what is owed on the mortgage. But all proceeds must be turned over to the bank.
** This does effect eventual capital gain exclusions when the homeowner decides to sell the home. Consult with a professional tax accountant or attorney for advice and information as soon as possible.

Information provided from HWA.

Determine your Homes current value and possible sale price by contacting The H Team today.

Keeping Your Fireplace Clean

2008-11-19T09:38:00.001-06:00

How to Keep Your Fireplace Clean

Winter and cold fall nights are on the way. When did you last take a minute to Thank your fireplace for keeping you warm? What about the nights when its flames sparked an evening of romance, or when that special smell brought comfort and calm to you and your family? There’s really an easy and great way to thank your fireplace.
Take Care Of It!
No matter how well you care for a fireplace, the flue inside your chimney suffers a gradual build-up of creosote (hard-layered residue from the wood-smoke), which can catch fire. Periodic chimney-cleaning is necessary in order to avoid such a catastrophe. This isn’t a do-it-yourself project; you need to hire a professional to clean your chimney.
Have your chimney cleaned once a year if you use it a lot. If you use your fireplace two or three times per week during colder months, have it inspected and cleaned each year. Another handy method is to inspect and clean after every 70 fires. Ask the chimney inspector about the condition of your flue liner and (if you have a masonry chimney) mortar.
So how can you reduce creosote build-up and keep your fireplace and chimney as clean as possible this season?
First of all, encourage good draft up your chimney, simply by keeping a window open a crack when you burn a fire. The air entering your room will get sucked up the chimney. Opening a window also ensures that your indoor air quality stays good while you burn the fire.
If you have glass fireplace doors, invest in a screen to block the fire instead of using glass. Doing so will also aid in ventilating the fire and encouraging airflow through the flue.
In addition to the aforementioned ventilation tips, you can reduce creosote build-up by using only dry hardwood logs, which burn more completely.
Clean the ash out of the fireplace. Wear a dust mask, open a window in the room and then open the damper to let the draft suck any airborne ash out of the fireplace. Then, using fire gloves, remove the old coals. Carefully sweep the remaining dust into a dustpan. Remember to wait about three days after your most recent fire to do any of this; embers stay hot for a surprisingly long time!
Cap your chimney. Not only can an uncapped chimney collect gunk and debris, but it can also cause your damper to rust or even invite animals to make it their unlucky home.
Glass cleaners, brick cleaners and other appropriate cleaners are available for purchase to maintain the happy appearance of your fireplace. If you have dish soap handy, simply dilute it to make your own glass cleaner.
Taking care of your fireplace will insure staying warm on those cold wtinter nights and increase the safety for your family.
For a list of licensed chimney sweeps in the area just contact The H Team

* Adapted from an article written by Brian McDonald RIS Media, November 18, 2008

November is Home Staging Awarness Month

2008-11-10T10:06:00.002-06:00

STOCKTON, Calif., Oct 31, 2008 (BUSINESS WIRE) -- The Real Estate Staging Association (RESA), the Trade Association for Professional Home Stagers, has announced that November is Home Staging Awareness Month. RESA's goals are to facilitate positive interactions within the home staging industry, provide support to professional stagers in addition to promoting the benefits of home staging to the consumer. The Interior Redesign Industry Specialists (IRIS), and American Society of Home Stagers and Redesigners (ASHSR) are also partnering with RESA as National Co-Sponsors of Home Staging Awareness Month in a unified effort to bring industry professionals together. All professional stagers are invited to attend and participate in this ground breaking event.
These leading Staging Professional Organizations have partnered with members of "Stage it Forward" (SIF) a powerful internet blogging community that is hosted by the Real Estate Blogging website called Active Rain. ( www.ActiveRain.com) SIF is conducting "Home Staging Round Table Discussions" throughout North America during the month of November, "Home Staging Awareness" month, in order to bring home stagers together to discuss vital industry issues. If you would like to attend a Round Table Visit www.RealEstateStagingAssociation.com and click on the event calendar to find a location near you.
Other industry partners such as BEKINS PODS, IKEA, THE PLANT ATRIUM, CORT FURNITURE RENTAL, BROOK FURNITURE RENTAL, KELLER WILLIAMS and THE ENERGIZED SELLER, are sponsoring the events. For a full list of industry partners and sponsors please visit www.RealEstateStagingAssociation.com and click on the SIF button on the menu.
RESA has released "The Consumers Guide To Real Estate Staging", free publication that explains the benefits of staging and how to choose a professional stager. The publication is available to homeowners and Real Estate Professional. To download a free copy visit www.RealEstateStagingAssociation.com.
For more information on home staging, or to join a Round Table, find a professional stager, or sponsor a future event, please contact one of these organizations: RESA -The Real Estate Staging Association visit www.RealEstateStagingAssociation.com or call 888-201-8687 speak to Shell Brodnax; IRIS - Interior Redesign Industry Specialists www.WeReDesign.com or call 877-674-8667 speak to Sandy Dixon; ASHSR - American Society of Home Stagers and Redesigners www.ASHSR.com or call 888-563-9271 and speak to Audra Slinkey.
Should you desire a local staging company contact The H Team
SOURCE: Real Estate Staging Association

Understanding Your Relationship With A Realtor

2008-11-04T08:04:00.005-06:00

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you:

Seller's representative (also known as a listing agent or seller's agent)
A seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract.

Buyer's representative (also known as a buyer’s agent)
A buyer’s agent is hired by prospective buyers to represent them in a real estate transaction. The buyer's rep works in the buyer's best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer's rep may be paid by the seller or through a commission split with the seller’s agent. Free Seller Representation

Subagent
A subagent owes the same fiduciary duties to the agent's customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers.

Disclosed dual agent
Dual agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it's vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states.

Designated agent (also called appointed agent)
This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees.

Nonagency relationship (called, among other things, a transaction broker or facilitator)
Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

**Adapted with permission from REALTOR Magazine consumer handout.

10 Easy To Do Ways to Increase Your Home Value

2008-10-25T09:26:00.003-06:00

Home sellers can raise their property value in a down market by making a few changes and adding a few things prior to placing their home on the market.

1. Paint the exterior – Painting the exterior of your home can give your home a facelift, and can be done for a lot less than you may think. Choose a neutral color that blends in with neighboring homes. Make sure eaves, gutters and drains may also need painting or updating.

2. Complete all needed repairs – Your Realtor should be able to refer you to an Ashi Certified Home Inspector who will be able to provide a list of items you need to repair prior to placing your home on the market. We also suggest a Radon test.

3. Purchase a home warranty – A Realtor can provide a Home Warranty Company. They will increase the new buyer’s peace of mind, knowing that most major components of your house are covered should they fail. Normal cost ranges from $350.00 to $450.00, dependent on the size of your house.

4. Stage the home to sell – Hire a Realtor who can help you stage your home to sell. By staging the property it allows the potential buyer to visualize the property as their own. Removing things like clutter, personal photographs, monogram towels, etc.

5. Increase front yard curb appeal – People are more likely to tour a home when the front yard looks inviting. Adding color, landscape lighting and replacing dead grass areas with sod will make your home more inviting and increase your visitors.

6. Easy inexpensive kitchen makeover – Most decision makers base their decision to buy a house on the kitchen. Although you can’t make it larger you can upgrade a bit. New stainless steel appliances, cabinet fronts, hardware, flooring even replacing dated countertops will increase the ohs and ahs when potential buyers are touring your house.

7. Update your bathroom - Your master bath is very important in determing a home’s value... By turning the bath into a spa, it will become a welcome relaxing space. Upgrade the faucets, fixtures, lighting, cabinetry, and mirrors. Adding some plants, candles and luxiourious towels will also increase the buyer’s interest.

8. Replace the carpets - Instead of cleaning old, used carpet, replace it with fresh, neutral-toned carpet with an upgraded pad for an extra luxurious feel, or install pergo flooring to really increase the WOW factor.
9. Upgrade doors and hardware – Replace old doors with modern 6 panel doors. If replacing the doors is out of the question at least change out the old hardware with an updated look of pewter, anything other than brass.

10. Clean - Your house has to look and smell fresh. Clean all the appliances, including the oven, make sure all fixtures gleam. Place a basket of potpourri in the bedroom and light a few candles. Vacuum and dust everything. A clean house projects a well taken care of home.
By following these 10 easy to do ideas will result in more visitors viewing your house which will greatly increase your possibility of selling the house. Contact The H Team today for your free Home Staging report.

Selling or Not Selling in the Fall

2008-10-14T08:19:00.003-06:00

As Fall begins most Home sellers begin thinking, “I need to take my home off the market”, or “Fall is not the time to place my home on the market”
As a full time Realtor, I can tell you that is the wrong thinking.
People buy houses when they need a house, which can be any season of the year. While it’s true, Spring, historically is the best time to market your house, due in fact that families with school age children who want to get situated into a new home prior to the start of the new school season, I think fall brings out the serious lookers who have to move right away. Due to job changes, relocation, downsizing, or upsizing.
A big plus as to why you should keep your home on the market during fall is less competition and agents have less listings so yours gets more attention and possibly more marketing dollars.
Waiting till Spring or taking your home off the market in the fall may result in you receiving a lower price for your home when you relist in the spring. Most economists tell us we have not hit the bottom on home values yet and by pulling it off and waiting may result in a lower listing price later.
The first thing sellers have to do is look how their home is priced. Is it the highest priced home in the area or the lowest priced? You want your home to be the “best buy”, which will increase traffic and will normally result in multiple offers or offers at full list without concessions on your part.
Drive around the area on Sunday afternoons, to tour competing properties. Look at the pluses and minuses compared to your home. Do they offer nice wood floors while yours offers 6 year old worn out carpet? Is their kitchen dated while yours is updated with stainless steel appliances? You have to be very objective and critical. If the properties are close in comparison , give the advantage to the comparable property.
Increase your home’s curb appeal. You can purchase potted Mums at most garden centers place a few on the porch and maybe even plant a few in your garden beds and allow the colors to pop out at approaching buyers. Install fall decorations on the front door and throughout the home, a nice burning spice candle or potpourri increases the buyers senses.
Get rid of personal items, like photos on the fridge. Remove clutter, nick-knacks. Do some updates, splash some color on the walls, remove old outdated wall paper, update the carpet or re-seal the wood floors. Clean and deodorize your house. If your house is a higher priced property people like to see granite counter tops, ceramic tile, stainless steel appliances and other high end updates.
Try hiring a staging expert who can get rid of your clutter and open the space up. Some Realtors like The H Team provide basic staging advice and it’s offered as part of our marketing plan. Staging can increase the offer’s on your house.
So, regardless of what you’ve heard, placing your property on the market in the fall or keeping your house on the market in the fall can result in you receiving an offer.
The Real Estate market is always changing in the St. Louis area but by working with Realtors who are experienced, knowledgeable, trustworthy, and educated you’ll increase your chances of success. Contact The H Team today for a free non-obligation evaluation that includes a comparitive market analysis, a free staging report, and a free home sellers how-to guide.

Staging Your Bathroom to Sell

2008-10-08T09:17:00.005-06:00

Real estate agents will tell you that kitchens and bathrooms are the most important rooms in your home, that determine a sellers decision to make an offer on your home. Staging your bathroom is essential to appeal to the prospective buyer. By doing a good job staging your bathroom, will result in buyers remembering your home over other homes they’ve viewed.

Fixtures & Details
Be sure all fixtures are in good condition with no leaks or drips. If your plumbing fixtures are outdated, replacing them with sleek modern fixtures. Replacing the fixtures is an inexpensive and easy to do fix. Brass fixtures are outdated, choose pewter or stainless steel. How bout your lighting fixtures? Replace them too if they’re outdated.

Color & Décor
Color coordinate some fluffy towels with your bathroom color scheme and place them on the towel racks just before buyers arrive. Add a matching bathmat, a floral arrangement and some floating candles in a pretty bowl. Open any blinds to allow natural light in. Painting your walls with some color will help improve the appearance also.

Scrub & Replace
Shower doors should gleam. Remove all lime and soap scum deposits, scrubing it with a scouring pad and a mixture of ten parts water and one part muriatic acid. If it still looks dull and lifeless, replace it with a new one. This method also works well for cleaning tile. Thoroughly clean tile grout or replace it. Also make your mirror shine or update it with a round or oval shaped one.

Clean & Deodorize
Always clean your bathroom thoroughly before your home is shown. The room needs to sparkle from top to bottom. It should have sufficient lighting but not be overly bright. Keep counters and shelves clear of clutter. Put away all blow dryers, curling irons, combs and brushes. Remember to empty, clean and deodorize wastebaskets. Also, clean the exhaust fan. Leave no sign of dust or dirt. A spotty or messy bathroom will turn prospective buyers off.

Making your bathroom a “WOW” experience for the prospective buyer may result in receiving an offer to purchase your house.

For a free evaluation of your property and your own "Get it Staged Correctly" report contact The H Team today.

Preparing Your Home for Fall

2008-10-05T08:08:00.003-06:00

Clean the air ducts in your heating system. Vacuum dirt from all floor vents, baseboard heaters and the cold air return. Dust build-up is a major cause of indoor dirty air. In a home that is insulated and air tight for the winter, dust increases the possibility of illness.

Check the heating system. Change the filter every month, check the pilot light and burners in a system fueled by gas or oil. Fireplaces, boilers, water heaters, space heaters and wood burning stoves should also be serviced and checked every year.

Clean out your gutters. Remove all debris that slows down the ability for your gutters to drain effectively from the roof. Standing water in your gutter can freeze and thaw, which will crack and break your gutters.

Check the roof. Look for loose or missing shingles, gaps in the vents and flues, as well as damaged mortar around the chimney. Immediate maintenance can prevent emergencies and expensive repairs.

Check steps and handrails. Repair any broken steps and secure all loose banisters.

Inspect exterior walls and window sills. Check walls and window sills for damage such as cracks, gaps, loose or crumbling mortar, along with splitting and decaying wood. Caulk exterior joints around windows and doors, which will lower heating bills

Remove any damaged tree limbs. Dead branches will damage a roof or a deck if they break and fall off.

Test all smoke, fire and carbon monoxide detectors. Often alarms and detectors go unattended. Batteries should be changed every six months. Most people change them when they have to reset their clocks for daylight savings in the spring and fall.

Pools, sprinkler systems and outside faucets. Homeowners can shut down outside faucets, and disconnect all outside hose bibs from hoses. Professionals should blow out and winterize sprinkler systems.Remove all pond equipment.

Preparing your home in the fall will allow you to keep the cold air of winter outside. For a free checklist of additional items to complete before Old Man Winter arrives contact The H Team

What to do if you're facing foreclosure

2008-09-29T06:49:00.007-06:00

Are you falling behind on mortgage payments? Has your loan been referred to an attorney? Are you receiving lots of junk mail, offering to buy your house? You must act fast to avoid losing your home. The most important step you can take is to start returning phone calls, asking for help from your mortgage lender, servicer, or housing counselor.

Most folks stop answering their phones or opening their mail. You have to become pro-active. Delaying and falling further behind will result in fewer options.

Your mortgage lender doesn't want to foreclose so by finding a solution that avoids foreclosure will be better for you and better for them. Foreclosure destroys your credit and will greatly reduce your ability to borrow money or buy another home in the future.

It is important to be open and honest about your financial situation with your lender or serviceing company. Here are the steps to take to prevent foreclosure:

· Call your lender or loan servicer and discuss your situation; The contact information will be on your monthly mortgage statement or coupon book.

· If you can't reach your lender or servicer or you do not receive help; Call Homeownership Preservation Foundation at 1-888-995-HOPE. Their experienced counselors can help you develop the best plan for your personal financial situation. This is a free service.

· Gather the information you will need. You will be asked to provide:

All correspondence from your lender,including any foreclosure notices
Mortgage statements showing your loan number
Your homeowner's insurance policy
Last two years of tax return for all borrowers named on the mortgage
Pay stubs or unemployment compensation verification
Proof of any other types of income, including child support, alimony, Social Security, or pension
Bank account statements
List of all monthly bills

· Understand all your options: Dependent on your situation, you may have several options which could include the following;

Back end add on; All missed payments are added onto the back side of your original loan. This option is the least desirable as these amounts accumualte interest at a higher interest rate.

Repayment Plan; Your lender may allow you to repay this amount over the remaining period of your loan.

Advance; Mortgage's owned by Fannie Mae may allow you to make an unsecured personal loan through a company such as HomeSaver Advance TM if your missed payments are due to a temporary financial hardship, contact your servicer.

Modification; In some rare cases, mortgage loan terms can be changed on a temporary or permanent basis to make the payment more affordable.

· Avoid foreclosure rescue scams; If there is any kind of fee associated with getting help, stay clear of it. Foreclosure scams will take advantage of your situation.

If your financial situation has changed significantly since you qualified for your home due to unemployment, divorce, job change/relocation, or medical issues, You may just need to sell your home as a result of the changes. Contacting a Realtor is your first step in getting your house sold and/or purchasing a more affordable home.

Pre-foreclosure or Short Sale Specialists work with borrowers to sell the home and use the proceeds to pay off the loan even if the proceeds are not enough to settle the entire balance. They normally will assist you in getting the mortgager to accept a lower price

As you can see there are a number of options available to the home owner who is facing possible foreclosure, but you have to act now and get your head out of the sand. Today the lenders, servicers and mortgage holders understand there are lots of homeowners in trouble and they want to help you prevent foreclosure.

Contact The H Team today to receive your free copy of Preventing Foreclosure.

Home Buyers Jump In Now Don't Miss Out

2008-09-25T13:24:00.003-06:00

Everything is finally coming together for Home Buyers.
Prices are down, Interest Rates are down and the Government Incentives are Up!
What a great time to be a Home Buyer. Now is the time to jump into the market with both feet. This fall will be the time. Most real estate forecasters tell us that the market is finally stabilizing and that house prices are pretty close to the lowest they're going to go. That’s the message that should motivate all potential buyers to get serious about finding that new home.

With interest rates down, which may go lower as the government shores up Freddie Mac and Fannie Mae.

With the current levels of Homes on the market at a 12 year high of about 10.5 months of Inventory, sellers are negotiating to get their properties sold.

And first time home buyers (those that haven't owned a home in two years or more) who have been sitting on the fence can get a $7,500 tax credit next April 15 which should be a big enough incentive for them to get going. And even buyers who won’t owe that much in federal income tax will get the money as a refund.

When you take these factors into considering when to jump in, Now is the time. Contact The H Team and create your own password protected MLS search and receive new listings that meet your criteria via e-mail as soon as they become available.

How to set your Homes Selling Price

2008-09-23T08:52:00.004-06:00

Setting the selling (asking) price of your home involves evaluating a number of various conditions in your market area.

When you're ready to sell your home you'll want to contact a full time Realtor to help you determine the list price of your home. He will create a Comparative Market Analysis that will take into consideration, comparable sales, days on market, square footage, updates, special features, lot size, and market conditions.

After all these factors are calculated your Realtor should be able to provide you with a price range to list your house. If he has done the CMA correctly you should estimate receieving about 95% of the list price in todays real estate market.

Beware of the agent who comes to your home unprepared or who gives you a list price way above what the other comparative homes in your area have been selling for.

Once the list price has been determined you'll want to figure you're net proceeds, you will need to deduct the following items to determine that;
Your current loan payoff

Realtor commission

Prepayment penalties if any

Unpaid property taxes ( You normally pay from the first of the year til escrow date)

Unpaid sewer bills

Closing costs

Inspections and any seller repairs required (normally a negotiated agreement)

As your Realtor of choiceThe H Team will prepare a Comparative Market Analysis and provide all the information you need to determine your homes selling price.

For your FREE CMA contact the H Team today.

What Did It Sell For Week ending September 17, 2008

2008-09-21T13:24:00.005-06:00

63011Ballwin, MO.

124 Coral Terrace, $135,500

1366 Marsh Av, $150,000

1104 Miremont Dr, $155,000

400 Wyncrest Dr, $180,000

407 Auber Dr, $210,000

16539 Oak Forest Ct, $220,000

63021 Balwwin, MO

1027 Rose Hill Ln, $110,000

1103 Pocono Trail #B, $117,000

701 Ridgeside Dr #D, $119,000

445 Rosedale Terrace, $130,000

1331 Parkview Estates Dr, $154,000

379 Novara Dr, $160,000

626 Dennison Dr, $171,850

808 Westbrooke Meadows Ct, $185,000

1011 Hollyleaf Ct, $190,000

620 Hickory Knoll Ct, $192,000

895 Totem Woods Ct, $194,500

224 Crowsnest Dr, $199,000

525 Vernal Hill Ct, $204,500

543 Oaktree Crossing Ct, $224,500

1926 Strawberry Ridge Dr, $229,000

1565 Glenn Brooke Woods Circle, $237,500

459 Talbert Ct, $238,500

1702 Carman Valley Rd, $273,000

1344 Richland Meadows Dr, $309,000

839 Mallard Woods Dr, $322,000

535 Coachgate Ct, $384,465

1822 Loehr Estates Ct, $426,000

931 Hanna Bend Ct, $470,561

63026 Fenton, MO

1427 Vadera Ct, $110,000

1946 San Miguel Ct, $155,000

2515 Dimus Dr, $169,500

1266 Green Falls Dr, $171,000

1313 Green Mist Dr, $184,000

1006 Oak Terrace Ct, $198,000

1600 Ivy Chase Ln, $280,500

1534 Flora Del Dr, $384,045

63088 Valley Park, MO.

1025 Big Bend Crossing Dr, $154,900

1057 Big Bend Station Dr, $238,000

15 Big Bend Station Ct, $266,000

St Louis County

63123

4825 Hamburg Av, $40,000

4744 Oldenburg Av, $41,000

8030 Genesta St, $95,000

8281 Morganford Rd, $101,200

10011 Echoridge Ln #D, $104,000

7232 Mackenzie Rd, $109,000

7728 General Sherman Ln, $120,000

11116 Marley Dr, $138,900

8952 Anchor Dr, $140,000

9838 Coventry Ln, $140,000

9842 Ione Ln, $145,000

5337 Staely Av, $150,000

10527 Sonata Dr, $154,900

7135 Valbrook Ln, $157,500

9625 Labette Dr, $166,500

7418 Brightwood Dr, $167,000

10082 Lakeshire Dr, $200,000

9803 Antonia Dr, $217,000

9863 Tiffany Square Parkway, $261,500

63125

9502 Gentry Av, $11,750

234 Morris Av, $32,000

3725 Viking Av, $46,801

617 Weiss Av, $100,000

2763 Clager Rd, $105,885

608 Bellsworth Dr, $113,000

3656 Anita Ln, $121,000

3321 Lan Dr, $129,000

905 Wachtel Av, $129,900

1239 Garden Circle Dr #G, $131,000

3301 Avenue H, $131,000

817 Rainbow Dr, $155,000

2854 Telegraph Rd, $206,000

63126

512 Acorn Dr, $157,500

9512 David Scott Dr, $242,500

9133 Rusticwood Trail, $245,000

63127

181 Floralea Place, $134,900

63128

5459 Cherryview Ln, $157,900

4843 Broad Oak Dr, $250,000

4607 Southridge Pines Dr, $255,000

4608 Southridge Pines Dr, $265,000

63129

452 Golden Valley Dr, $115,000

4100 E. Donaldson Dr, $150,000

3534 Pearson Pointe Ct, $165,000

5899 Westcliffe Dr, $193,000

4335 Meadowgreen Estates Dr, $204,900

5616 Wildbrook Dr, $213,000

106 Grimsley Station Rd, $215,000

2706 China Lake Dr, $231,000

7609 Shadybridge Dr, $241,100

Saint Louis City
63104

1014 Mississippi Av, $30,000

1802 Kennett Place #A, $76,250

2327 Tennessee Av, $96,001

2225-27 Sidney St, $97,500

2757 Shenandoah Av, $130,000

3315 Shenandoah Av, $132,601

3006 Victor St, $160,500

1859 S. 10th St #D, $185,000

1515 Lafayette Av #313, $195,000

1515 Lafayette Av #406, $238,000

1010 Russell Blvd, $240,000

1906 Lasalle St, $325,000

2339 Albion Place, $367,000

63109

5017 S. Kingshighway Blvd, $63,000

5616 S. Kingshighway Blvd, $67,900

6627 Tholozan Av, $98,000

7023 Mardel Av, $109,000

5616 Lansdowne Av, $147,900

5708 Finkman St, $148,000

5715 Nottingham Av, $150,000

4942 Delor St, $154,900

6962 Sutherland Av, $167,500

6721 Itaska St, $186,000

5709 Lindenwood Av, $189,000

6439 Lansdowne Av, $239,900

5239 Mardel Av, $246,000

3816 Linden Tree Ln, $269,520

6475 Devonshire Av, $285,000

6204 Clifton Av, $295,000

7028-32 Jamieson Av, $395,000

63110

4211 Arco Av, $69,001

5005-07 Shaw Blvd, $110,000

3926 Botanical Av, $115,000

4023 Botanical Av, $154,000

2118 Edwards St, $183,000

5009-11 Shaw Blvd, $190,000

2124 Marconi St, $210,000

4033 & 4035 McRee Av, $235,000

4060 Blaine Av, $244,899

3920 Blaine Av, $339,000

63111

7316 Michigan Av, $20,000

4614 Alaska Av, $21,500

621 Walsh St, $44,000

7103 Minnesota Av, $97,000

6318 Alaska Av, $115,000

4402 Pennsylvania Av, $156,766

4540 Ohio Av, $164,000

4642-44 Virginia Av, $185,000

5500 Idaho Av, $215,000

4307-09 S. Compton Av, $320,500

63116

4405 Gannett St, $12,000

4555 Adkins Av, $16,444

4762 Goethe Av, $37,000

3837 Fairview Av, $49,000

4846 Allemania St, $55,000

4046 Humphrey St, $56,900

4119 Hartford St, $59,900

4218 Grace Av, $75,000

4648 Newport Av, $75,000

3634 Neosho St, $76,315

4428 Dewey Av, $83,000

6462 Wanda Av, $85,000

7500 Jeanene Av, $108,800

4262 Juniata St, $109,750

4544 Eichelberger St, $119,500

4850 Germania St, $120,000

4143 Wyoming St, $123,700

3863 Meramec St, $140,000

4040 Miami St, $146,000

4041 Miami St, $147,000

4032 Louis St, $169,000

3809 Fairview Av, $178,000

3844 French Ct, $183,500

63118

3739 Oregon Av, $10,000

3504 Illinois Av, $17,000

3511 Wyoming St, $29,761

2206 Chippewa St, $30,000

3526 S. Compton Av, $33,000

3319 Cherokee St, $34,000

2722 Texas Av, $35,000

3553 Michigan Av, $37,000

3452 Illinois Av, $50,000

3620 Virginia Av, $50,884

3415 Klocke St, $71,000

2719 Lemp Av, $100,000

3133 Oregon Av, $123,500

3735 Louisiana Av, $133,000

3816 Illinois Av, $150,000

2623 Virginia Av, $171,500

3505 Utah St, $208,000

2800 Texas Av, $230,500

3451 Halliday Av, $440,000

63119 Includes Webster Groves, MO.

11 Eldorado Ct, $50,000

324 Eldridge Av, $64,000

734 Yeatman Av, $110,000

321 Madison Av, $126,000

7515 Triwoods Dr #C, $133,000

1415 Cheshire Ln, $135,000

5122 Exeter Av, $155,000

1028 N. Bompart Av, $185,500

9908 Gilbrook Av, $196,000

7318 Whitehall Colonial Ln, $209,900

115 Baker Av, $215,000

529 Newport Av, $248,000

471 Toft Ln, $314,900

7500 Lansdowne Av, $315,000

104 W. Jackson Rd, $560,000

320 S. Gore Av, $612,500

Contact The H Team today to learn what houses in your area sold for.

The H team currently serves the areas South of Highway 40 but able to refer a qualified agent to you in any area of the country.

Understanding What A Short Sale Is

2008-09-18T06:07:00.006-06:00

The Mortgage Bankers Association, tells us that in the next three months, 250,000 new families will enter into foreclosure. Which means that one child in every classroom in the USA is at risk of losing their home, because Mommy and Daddy are behind on the house payment, usually through no fault of their own.. This means one in 200 homes will be foreclosed on. These statistics are alarming to say the least, but it's what is happening in today's real estate market. Fortunately, it can be a win-win for everyone involved: the home seller, the home buyer, the bank and the real estate agent.

This decline in property values has created many challenges for both real estate agents and homeowners, but a “Short Sale” could be the solution to a happy ending. So, what is a Short Sale? A short sale is a loss mitigation solution. The easiest way to explain it is; When an agent goes into a potential seller’s home and asks “how much do you owe on your home?” and the answer is higher than the neignboring com parables show the current value of the home is, that qualifies the home as a potential Short Sale.

When a homeowner falls behind two months on their mortgage payment and can also show that changes in his/her income reduce their ability to stay current with their mortgage could be considered a short sale candidate. The homeowner is considered pre-foreclosure when the bank sends a notice of default or a notice that they’re taking legal action to collect the debt, this is usually sent certified or registered. Contrary to what most homeowners believe, a short sale can still take place during the foreclosure process. Only two reasons would prevent the homeowner from making a short sale;

The foreclosure has already taken place and the home is placed in an auction.
The homeowner files for bankruptcy.

Now that you have some information on what a Short Sale is, you as a home owner must realize the importance of beginning the short sale process immediately. Due to the recent decline in property values it has created many challenges for homeowners. However, the short sale is the answer for all parties involved, and can benefit the home seller, home buyer and the lender.

The nationwide rise of defaulted mortgages and foreclosures is an opportunity for experienced real estate agents to help homeowners, during a very emotional time. Most experienced Realtors who work with Short Sales have a plan that provides everything the bank is looking for to help prove to the bank the property qualifies as a potential short sale and all the documentation the bank is going to want to see.

If you're a homeowner who is behind on their monthly payment or who has had a major change in earnings and considering a short sale contact The H Team today for a free consultation.

Top 10 Home Buying Mistakes

2008-09-16T08:49:00.007-06:00

Buying a home is the largest investment a person will ever make; yet all too often the decision is made in haste without proper preparation

Using this list may help you avoid any costly mistakes;

1. Love at first sight: Falling in love with the place at first sight. Does it meet your family’s needs and budget? Make a list of all your needs and make sure the house fits into those needs. Check out the neighborhood and the community before you buy.Visit at different times of the day and week to learn about noise and traffic patterns. Park on the street and observe some of your neighbors and their actions. Even if you don’t have children, the local schools will have a lot to do with possible resale value.

2. Failure to be Pre-Approved: Getting pre-approved will give you an idea of how much you can afford to borrow. Being pre-approved means a lender has verified your information and credit rating and agreed to provide you with a specific amount of money. Most savvy home sellers are going to require a pre-approval when your offer to purchase is submitted.

3. Buying Too Much: Even though you can purchase a larger home and make the payments, take a reality check. Figure your actual monthly costs, including medical, groceries, automobile, include everything. Try to stay around 38% including your mortgage. Always figure 3% of the sale price for closing costs and another 1% for moving cost, new drapes and decorating costs.

4. On Your Own: Buying a house can be full of pit falls. make sure you hire a qualified buyer's agent, a lender, and a ASHI qualified home inspector. Request referrals from family and friends.

5. Making A Verbal Offer: Not putting an offer in writing allows for too many miscommunication. Never go by a verbal statement, if something is included in the sale like a refrigerator or stove make sure it's written into the contract. A written agreement always stands up in a court of law.

6. Create Contingencies: The more the better. Using a standard St. Louis Realtor contract provides these contingencies;
A. Financing: Allows the bank to have final say regarding appraisal,inspection and your ability to repay.
B. Title: Insures that any potential liens against the property will not pass with the ownership.
C. Insurance: Guarantees that the property is insurable, including flood and hazard insurance if required.
D. Survey: Insures that no other property is encroaching on your property or that your property is encroaching on a neighbors property.

7. Not Reading Everything You Sign: Always read the fine print and ask questions if you don't understand. Getting all the paperwork a few days in advance will allow you to read everything and have your questions ready.

8. Trust: The recent mortgage Crisis reminds us all to do our research and make sure everyone involved in the transaction knows their responsibility and is acting in your best interest, not his/hers.

9. Buy Low Sell High: Purchasing the highest priced home in the area can backfire on you, when the lower priced homes are sold. looking at the amount of foreclosure's on today's markets reminds us that markets can change.

10. Remorse: Don't worry about it. Everything will be fine. Buyers remorse almost always happens after such a large commitment. You've found the perfect house, now enjoy it.

The 'H" Team can assist you as a buyer's agent. Contact Us Today for your free buyers guide.

Is there Radon Gas in Your New Home

2008-09-11T07:01:00.006-06:00
You're getting ready to make a real estate purchase in St. Louis, MO. and have scheduled all of your inspections. But have you scheduled them all. Radon is known as the secret killer.

It is the number 2 cause of lung cancer and orderless. It has become easier to test for Radon and you can remove it pretty easily too.

From Consumer Reports, here are some steps to making your home radon-free:

Measurement: The first thing to know is that radon is measured in picocuries per liter (PCi/L). The national average indoor level is 1.3. Anything above 2, the EPA suggests remediation. Above 4 is the recommended level to take immediate action.

What is your risk: Throughout Missouri our levels are higher than others, radon levels vary from home to home and even street to street. The only way to determine radon levels in your house, for sure, is to test.

Inspector: A licensed Inspector will charge you around $175.00. He installs a meter in the lower level of the home for a period of 48 hours and provides you a printed report of the Radon levels. This is our recommended type inspection.

Radon test kits: Are accurate and in-expensive. Purchasing the long-term kit provides better accuracy. These kits take sampling levels for 90 days or more and will give you a better reading on average radon levels than a short-term kit. A long-term kit costs about $40. If you do need faster results, one accurate short-term kit to use is the RTCA charcoal canister. It costs about $20. But its results should still be confirmed with a long-term kit just to be on the safe side.

If you discover your home contains radon, call a professional. A radon-removal kit can cut levels to below 2 PCi/L. They will cost from a low of $800 to as much as $2,500 if you live in a two story type home. For an average house, the cost is about $1,200. Contact the EPA to locate a trained professional in your area or contact The "H" Team for a local radon contractor.

Purchasing A Home in St. Louis, MO

2008-09-04T13:05:00.004-06:00
MOST IMPORTANT - Get Pre Approved BEFORE you shop
Getting pre-approved will save you from looking at houses you can't afford and put you in a better position to make a offer when you do find the right house. Sellers expect a pre-approval when your contract is submitted.Pre-approval is quite different from pre-qualification. Pre-qualification is merely a cursory review of your finances, pre-approval is based on your actual income, debt and credit history. There is no fee to get pre approved.

Good credit will get you a better interest rate.
Since most people need to get a mortgage to buy a home, you must keep your credit history as clean as possible. Six months before you seriously begin house hunting, get a copy of your credit report. Make sure everything is correct. Should any problems appear, handle them quickly by contacting the credit reporting agency.

Although lenders like to see 10 to 20% as your down payment, don't worry if you only have 5 to 8%. These loans do carry slightly higher interest rates, but they can be great for first time home buyers who anticipate increasing income potential and equity increases. Although credit has tightened up the last few months there are plenty of programs out there.

Your new home should be in a good school district, even if you don't have children, because when it comes time to sell, a good school district will increase your homes value.

Real Estate Professionals. Hire an Experienced Realtor who understands the home buying process. Interview at least 3 buyers agents before deciding. Look at their experience, education, knowledge and ask for references.

When you find the perfect home, move quick. Your buyers agent should be able to provide comparables of houses that sold in the same area that are pretty much the same in age, square footage, and amenities. Based on the average sale price of these comparables will allow you to reach an offer price. Always leave room to negotiate. If you really want the house, don't low ball, it may upset the seller.

By researching the comparables and knowing the neighborhood you should be able to offer a fair purchase price for the house. In a buyers market you have the advantage while in a sellers market the seller has the advantage. Look around the neighborhood, are there a lot of for sale signs or very few?

Once you agree on a purchase price, your buyer's agent will draw up a sales contract offering to purchase the house which will includes the closing date. A good buyers agent will make the purchase contingent on a few things:

1. Financing, that you can get a loan with rates and terms you agree with
2. A satisfactory building inspection by a licensed home inspector
3. The home is insurable
4. The title is clear of any liens or claims
5. An acceptable closing date normally 30 -60 days after submission

Two days before the closing you will receive a HUD 1 Settlement Statement from your title company that lists all the charges you can expect to pay at closing. Normally you can figure those costs at 2-3% of the purchase price.

On your scheduled day of closing you will go to the Title Company to sign the documents. Normally the closing is attended by your lender, your buyers agent and the title company employee. Once all the paperwork is completed and signed your Realtor will hand you the keys to your new home.

Cleaning and Repairing Your Concrete Driveway

2008-09-04T07:33:00.003-06:00
Cleaning and sealing your concrete driveway can make it look new again, almost. If a good cleaning is needed for your concrete driveway, plan to rent or buy a power washer.

After a thorough power washing, you can remove any deeper stains, seal cracks, and then roll on a coat of translucent masonry sealer, available at your local home improvement center.

Remaing grease or oil stains can be soaked up using cat litter, fine sawdust, hydrated lime, or cement powder, and then sweeping away the residue.

For older, deeper type stains, try a commercial degreaser, emulsifier, or 1 to4 bleach-water mixture. You may find that some stains cannot be removed but can be lightened.

Next,seal any hairline or surface cracks in the driveway with concrete patching compound, normally applied using a caulking gun. For any crack wider than 1/4 inch, widen the crack with a mason's hammer and cold chisel,removing any loose concrete, sweep out the crack and blow out any dust or fine pieces of concrete and trowel on a concrete-patching compound, again available at your local home improvement center.

When the compound starts to set, using a wet trowel, smooth over the patch so it is even with the surrounding concrete. Moisten the patch with water throughout the week to ensure the concrete dries slowly.

After the compound dries apply a clear or stain type concrete sealer to increase your driveway's beauty.

As Realtors, we have developed a list of qualified contractors in the St. Louis, MO area. Locate a Local Contractor Here

Getting Your Home Sold

2008-09-02T07:24:00.005-06:00
1. The First Offer is Always the Best Offer; “If you get an offer in today’s market, attempt to make the best of it and live with it if you can, because there usually isn’t another one waiting. In today's market multiple offers are few and far apart.

2. Be Realistic About Price; Most homes go onto the market over priced. Buyers are not going to pay for an overpriced house. Overpricing a home reduces your showings and with fewer showings you get fewer offers. Your going to end up reducing the price eventually, reduce it before listing to insure lots of attention from the get go.

3. Listen to the Experts; You're paying a Real Estate agent for their advice, don't disregard it. They know and understand the market of today.

4. Beware of Getting Stale; The longer a house is on the market, the less attractive it appears. By listing the home and then reducing the price isn't going to fool anyone. You have to price it right.

5. Go For the HGTV look; First time home buyers expect the moon and the stars. You have to make some updates and clean up and de-clutter. Remove excessive family pictures, remove overstuffed furniture, set the kitchen table, paint the walls with something with some color. Let the light in.

6. Understand Buyer's Fear; Sellers are under the impression that buyers are being greedy, But in reality buyers are afraid. Afraid they're going to buy a house with the possibility that the home will loose value and they won't be able to sell it. By properly pricing the property better than the neighboring competition it becomes very attractive to them.

7.Buyers are not going to Renovate; Of course there are plenty of do it yourselvers who enjoy painting, laying tile, building a deck, installing some new fixtures. But most just want to move in, unpack and relax.Fixer-uppers attract limited offers because people just don’t have the time and those that do expect a reasonably priced fixer upper.

8. Play on Your Home’s Pluses; Private Yard, Large Deck, Side Entry Garage, Finished Lower Level, Main Level Master. Highlighting those pluses will make the home much more attractive to a buyer.

Frank J. Helderle

South County Mo. Italian Restaurants

2008-09-01T08:55:00.005-06:00
Italian Food

Bartolino's South 5914 S. Lindbergh Blvd. 314-487-4545
Cusanelli's Restaurant 705 Lemay Ferry Rd 314-631-7686
Gianino's Restaurant & Bar 3735 South Lindbergh Blvd 314-821-4140
Rizzo's 4460 Lemay Ferry Road 314-487-4242
Rich & Charlies 4487 Lemay Ferry Road 314-894-1600
Pasta House 6214 South Lindbergh314-894-9161

Our Favorite
Trattoria Giuseppe 5436 Old Highway 21 636-942-2405

Missouri Real Estate Getting Ready to Rebound

2008-08-29T07:24:00.006-06:00
Just released from Freddie Mac is the results of its Primary Mortgage Market Survey® in which the 30-year fixed-rate mortgage (FRM) averaged 6.40 percent with an average 0.6point for the week ending August 21, 2008, down from last week when it averaged 6.47 percent. Last year at this time, the 30-year FRM averaged 6.67 percent.

The 15-year FRM this week averaged 5.93 percent with an average 0.6 point, down from last week when it averaged 6.00 percent. A year ago at this time, the 15-year FRM averaged 6.12 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.03 percent this week, with an average 0.6 point, down from last week when it averaged 5.99 percent. A year ago, the 5-year ARM averaged 6.35 percent.

One-year Treasury-indexed ARMs averaged 5.33 percent this week with an average 0.7 point, up from last week when it averaged 5.29 percent. At this time last year, the 1-year ARM averaged 5.84 percent.

"Interest rates for fixed-rate mortgages continue to drift down as reports of economic weakness persist. July's leading economic indicators fell by more than the market consensus and manufacturing slowed in both the Philadelphia and Richmond regions. ARM rates, on the other hand, rose slightly after the Federal Reserves Open Market Committee hinted it might increase the overnight bank lending rate in its August 5th minutes," said Frank Nothaft, Freddie Mac vice president and chief economist.

However, the housing front is providing some encouraging signs. The pace of home price declines slowed down for the fourth straight month in June and the number of metro areas exhibiting monthly gains rose from seven to nine, according to the S&P/Case-Shiller® 20-city composite index. There are also signs more buyers may be getting ready to return to the market. The Conference Board says the share of households planning to buy a home within six months is now at its highest level since March. At the same time, the supply for unsold new homes is down to 10.1 months, the lowest since February, as single-family existing homes (excluding condos and co-ops) start to sell more quickly. Although, when condos and co-ops are included, the resale inventory did edge up."
Although St. Louis, Mo is not included in the 20 city reporting market all local Real Estate News has been positive. New home permits are up, Realtors are noticing more traffic through Open Houses and calls are up. Although the housing market is not out of the woods yet, most fellow practicioners are predicting another six months of minimum gains.

Jefferson County Meth Lab Information

2008-08-28T10:57:00.002-06:00
Meth Lab Seizures The Jefferson County Sheriff’s Office provides this information as a public service. It contains the addresses of some locations where the Sheriff’s Office has found chemicals or other items that indicated the presence of clandestine drug laboratories, glassware seizures, or dumpsites. Members of the public must verify the accuracy of all entries. No warranty, representation or guaranty is made or implied regarding the content, sequence, accuracy, timeliness or completeness of the data provided herein. The public should not act or refrain from acting based on entries on this website. The Sheriff’s Office does not establish, implement, enforce, or certify compliance with clean-up or remediation standards for contaminated sites; the public should contact a state or local health department or environmental protection agency for that information. The Sheriff’s Office does not accept responsibility or liability for damages of any kind resulting from reliance on an entry or lack of an entry on this website. If you believe that any of the information found in these records is in error, please contact the Jefferson County Sheriff’s Office at P.O. Box 100, Hillsboro, Missouri 63050 or (636) 797-5000.

Four Tips for Buying A Foreclosure

2008-08-28T06:04:00.004-06:00
Driving down every street in the St. Louis, Mo. area you see foreclosures. Because you don't have any disclosures or information from the previous owner, purchasing one greatly reduces your protection. If it says AS-IS then realize it is AS-IS.

From Consumer Reports magazine, here are four ways you can protect yourself if you’re in the market for a foreclosed home:

1. Don’t pay a fee for property listings. You can find free information on foreclosed homes in your area by checking with a local agent. Usually there will be someone who specializes in foreclosed properties at the broker’s office. This person is a great free resource.

2. Invest in a home inspection. This is always a good idea whenever you buy a house, but for a foreclosed property it is especially the case. The property may have been vandalized. Fixtures and appliances may be missing. Also, with utilities shut off it will be impossible to test for the water pressure in the shower. Try to arrange for the utilities to be turned on before you buy. The inspection will cost between $250 and $400, but it will end up saving you if there is a problem with the home’s structure or its systems.

3. Don’t assume the sale is final. In some states, a previous homeowner may have up to 180 days after the foreclosure to pay any outstanding debts and reclaim the home even if it has been bought by someone else.

4. Buy some title insurance. The title insurance will protect you against any liens that you might not know about. It will also prevent a previous owner from making a successful claim on the house after you buy it.

Purchasing a foreclosure can be a great experience. Using an experienced Agent who has a working relationship with the Bank can greatly increase your success ratio.

The H Team has handled foreclosure properties for over 5 years and will assist buyers in overcoming most hurdles associated with purchasing a foreclosure property.

Fox C-6 Dumps Soda Machines

2008-08-27T11:00:00.001-06:00
FOX C-6: Zero Coke and Pepsi as soda machines removed

By Trish Wallace of The Jefferson County Journal
Tuesday, August 26, 2008

In an effort to promote healthy choices at its campuses, the Fox C-6 School District will remove soda machines from all of the schools in the district.

The administration at each school had the freedom to use the money brought in by the machines as desired in relation to students and the school.

At Seckman Middle School, for example, the money was used to sponsor student rewards, especially for reading projects."Obviously we'll miss the money from these machines, but that pales in comparison to make sure kids are eating healthy," said David Black, principal at Seckman Middle School.

However, Fox Superintendent Dianne Brown said the soda machines will be replaced with new beverage choices. At the elementary schools, carbonated soft drinks will be replaced with Dasani water. At the middle schools, Dasani water and a variety of 10-ounce Minute Maid juices will replace the sodas and sports drinks.

For Fox and Seckman high achools, students will now have the option of only diet carbonated soft drinks, Powerade Zero, Vitamin Water, Dasani water and juices.

"The primary goal of the Fox C-6 School District's wellness program is to promote student health, reduce overweight and obesity, facilitate student learning of lifelong healthy habits and increase student achievement," Brown said.

The soda machines were generally turned off during school hours, only accessible when classes ended.

Brown anticipates that the same number of machines will be available as before at the schools, and she said that with the exception of the Vitamin Water machines for the high schools, the changeover is nearly complete.

Latest Home Value Trends for the St. Louis Area

2008-08-27T09:51:00.005-06:00
According to Zillow's most recent Real Estate Market Report, home values in the U.S. decreased 9.9% in the second quarter of 2008, compared to the second quarter of 2007
Led by Fenton, MO with a loss of 8% and the median home price at $181,000.
Next is Foristell showing a 7.1% decrease and the median price at $254,000.
Additional St. Louis, Missouri cities;

Valley Park Down 5.9% Median Price $176,000
Eureka Down 5.8% Median Price $223,000
Ballwin Down 5.5% Median Price $224,000
Maryland Hgts. Down 5.1% Median Price $158,000
St. Louis City Down 4.4% Median Price $143,000
Webster Groves Down 4.0% Median Price $235,000
Manchester Down 4.0% Median Price $208,000
Chesterfield Down 2.7% Median Price $353,000
St. Charles Down 2.3% Median Price $187,000
St. Peters Down 2.2% Median Price $168,000
O'Fallon Down 1.2% Median Price $205,000

While most home owners are in denial, this REPORT proves it's true:
According to Zillows just-released Q2 Homeowner Confidence Survey, 62% of U.S. homeowners believe their home's value has increased or stayed the same in the past year. Surveying 1300 home owners Zillow In reality, 77% of U.S. homes have declined in value over the past 12 months!

Although some news in the last few days has shown promise, I think we have a little ways to go before the market begins to start showing gains.

Japenese Garden Festival at Shaws Garden

2008-08-26T09:26:00.000-06:00
The end of summer and looking for something to do?
Since the mid 70's Shaws Garden has been hosting the Japenese Garden Festival.
An event that offers a lot of opportunities to learn about Japan's culture, art, food and the music. Also you can watch Sumo wrestling, Judo, Karate, and even Zen meditation.
Maybe you've seen Bonsai trees, minature trees and plants that are specially pruned to limit how big they become.
It's a great place for the children too. Offering lots of activities including calligraphy, top spinning, and traditional Japanese games of kendama, otedama, menkom, and fuki-warai.
You can participate in the creation of various Japanese crafts in an ongoing workshop offered by several crafters including Origami, hari-eh (Chigiri-eh, torn pictures), paper crafts, pottery, kimekomi dolls, kumihimo, tamari, shibori, ikat, and more.
One of our favorite places to visit is Seiwa-en, the “Garden of pure, clear harmony and peace.” One of the largest traditional Japanese gardens in North America, Seiwa-en covers 14 acres, including a 4-acre lake. Modeled on the chisen kaiyu-shiki, or “wet strolling garden,” a style developed by wealthy landowners of the late Edo period in 19th century Japan, Seiwa-en incorporates many principles of Japanese aesthetics drawn from Zen Buddhism, such as suggestion, naturalness, and asymmetry.
You can take a tour. Tours begin every half hour near the boat-shaped basin at the north entrance to the Japanese Garden, from 10 a.m. to 2 p.m.
The festival is held over Labor Day weekend. Saturday–Sunday, August 30, 31. 10:00 a.m. to 8 p.m.
Grounds open at 9 a.m. and remain open until 10 p.m. for candlelight walks.
Monday (Labor Day), September 1 10:00 a.m. to 5 p.m.
Costs are very reasonable, Admission (ages 13–64) $10 Seniors (ages 65+) $7 Children (ages 3–12) $3 Garden members, $3 (free for members' children 3–12)
Plan on arriving early before the crowds arrive. Located just North of Tower Grove Park.
[fj

Favorite Wine Bars in St. Louis, MO.

2008-08-20T06:34:00.003-06:00
Regardless of what type of wine you enjoy here are a few located in and around the Saint Louis area.

While in Saint Charles stop by and visit The Vine , located at 325 S.Main. Elegance is the name of the game at The Vine, a wine bar and bistro on Main Street in St. Charles. With over 110 wines available, you'll have fun sampling pleasure either by the bottle or glass. Plenty of outside seating is available, including a fine courtyard in back where you'll enjoy an afternoon lunch or sit-down dinner.

Going to The Delmar Loop then you gotta try Riddle's Penultimate Cafe & Wine Bar What makes Riddles Penultimate Cafe so unique? An ever-changing menu filled with perfected recipes. Most restaurants stick to one "theme" or type of food, but the owner of Riddle's opts instead to add whatever dishes he pleases. Aside from the menu, the list of wines at the wine bar is also in flux, with frequent additions. And, for those wondering, they do have more than just a wine bar; there's also a variety of beers and liquor. If that wasn't enough, Check out the live music schecule- they've got it going on six nights a week, and always without a cover.

While near Tower Grove Park in South Saint Louis one of our favorites is Eartowines If you're not looking you may drive right by this place but if you stop in you'll find an elegant, if slightly understated high-end wine bar. There’s an extensive wine list, but your non-wino friends will also have a good time. There’s a wide selection of specialty beers and cocktails, as well as a small but savory menu that includes cheeses and appetizers, pizzettas and desserts. There’s also live music at Erato all the time, so sit back and relax!

Or just a short drive away in my old nieghborhood of Lafayette Square stop by 33 Wine Bar Just don't blink or you may miss this little diamond. With a wine list boasting more than 700 different labels, choosing one can be a daunting task. Luckily, you've got a lot of help at 33. It also serves more than 40 different microbrews and imported beers... as well a selection of single malt scotches and small batch bourbons. Satellite radio pumps out a continuous stream of blues and jazz, giving the clean, minimalistic front bar an urbane feel. When the sun is shining, tote your bottle of wine out to the bar's rear patio.

So, the next time you're looking to try something new stop in one of our favorite wine bars.

4 Bedroom in Arnold, Mo. Near Defense Mapping

2008-08-19T09:32:00.001-06:00

The Helderle Team | REMAX Best Choice | 314 267-4842

Wild Fire Court, Arnold, MO

Strawberry Ridge Subdivision

4BR/2.5BA Single Family House

offered at $298,000

Year Built 2006

Sq Footage 3,000

Bedrooms 4

Bathrooms 2 full, 1 partial

Floors 2

Parking Unspecified

Lot Size 10,018 sqft

HOA/Maint $0 per month

DESCRIPTION

Located in beautiful Strawberry Ridge Subdivision in Arnold, Mo. Close to the Defense Mapping Agency. This brick front two story home with 2 story entry and hardwood flooring in foyer offers 4 bedrooms with a bonus loft room. All bedrooms have walk in closets. Master bedroom suite is 19x19 with vaulted ceiling and luxury bath. Jet tub, separate shower with seat and double bowl vanity in master bath. Kitchen has 42 inch cabinets with center island, cooktop, walk in pantry and stainless steel appliances. Great room is spacious and cozy with a gas fireplace and 5 bay window. Very open floor plan and 9' ceilings on main floor. Breakfast room walks out to nice deck that overlooks a private, level yard and wooded common ground. Full basement walks out to patio and can be easily finished. Home has intercom and security system as well as inground sprinkler system. The 3 car garage is oversized with room for boat, camper or work shop. Private lot at the end of a cul-de-sac Offered by the "H" Team of Remax B.C. If you're moving across the street or across country check out our free online moving tips Free Moving Tips Here

see additional photos below

PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Hardwood floor
Family room Living room Bonus/Rec room
Office/Den Dining room Breakfast nook
Dishwasher Stove/Oven Microwave
Stainless steel appliances Attic Basement
Laundry area - garage Balcony, Deck, or Patio Yard
Jacuzzi/Whirlpool

COMMUNITY FEATURES

Garage parking Guest parking Clubhouse
Swimming pool(s) Lake

OTHER SPECIAL FEATURES

3 Car Oversized Garage. Room for boat, camper or workshop. Private lot on cul de sac.
Over 2,700 square feet, walk out lower level to patio.

ADDITIONAL PHOTOS

Seller contact info:

The Helderle Team
REMAX Best Choice
314 267-4842

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 14, 2008, 9:28am PDT

Benton Park Condo near Soulard

2008-08-19T09:30:00.001-06:00

The Helderle Team | REMAX Best Choice | 314 267-4841

Sidney Street, Saint Louis, MO

Townhome in Benton Park. Two blocks to Soulard. Great area with new restaurants and shops on the same block. Nicely updated with main floor master bed

2BR/1BA Single Family House

offered at $138,000

Year Built 1900

Sq Footage 1,100

Bedrooms 2

Bathrooms 1 full, 0 partial

Floors 2

Parking Unspecified

Lot Size Unspecified

HOA/Maint $0 per month

DESCRIPTION

HUGE PRICE REDUCTION.....Benton Park Townhome, a short walk to Soulard. Minutes from downtown Saint Louis. Nicely Updated 2 bedroom townhome. Main floor laundry with stack washer and dryer. Main floor master bedroom. Nice bath with jet tub, separate shower and double bowl vanity. Kitchen offers center island with stone counter tops and 42 inch custom cabinets. Stainless appliances(refrigerator, dishwasher, disposal, built-in microwave). All appliances stay including washer and dryer. Slate tile flooring in kitchen. Hardwood floors and exposed brick in livingroom. Newer furnace and water heater. Surround sound and alarm system. Great price for this townhome. Conveniently located in Benton Park and close to restaurants and entertainment as well as Soulard. See more pictures and search the MLS with a password protected portfolio here Saint Louis Homes

see additional photos below

PROPERTY FEATURES

Central A/C Central heat Hardwood floor
Tile floor Dishwasher Refrigerator
Stove/Oven Microwave Granite countertop
Stainless steel appliances Washer Dryer
Laundry area - inside Balcony, Deck, or Patio Jacuzzi/Whirlpool

OTHER SPECIAL FEATURES

Benton Park/Soulard area. Main floor master bedroom and laundry room.
Nicely updated kitchen and bath. New carpet.

ADDITIONAL PHOTOS

Seller contact info:

The Helderle Team
REMAX Best Choice
314 267-4841

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 18, 2008, 4:18am PDT

Good News St. Louis Real Estate is Alive and Breathing

2008-08-19T07:53:00.009-06:00
Regardless of what the news stattions say, St. Louis Real Estate is not dead nor is it dying.
Positve Quotes about Real Estate
From the National Association of Realtors
Some improvement is projected for existing-home sales in the months ahead, according to the latest forecast by the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 5.3 percent to 89.0.
"The rise in pending home sales was broad-based with all four regions showing gains. This is welcome news because a rise in contract activity is necessary for an overall housing recovery."
Most Americans Not Likely to Experience Significant Decline in Home Values
From Federal Housing Enterprise Oversight
Only four states -- Arizona, California, Florida and Nevada -- have had declines of more than 4 percent in home prices over the past year, according to the house price index of the Office of Federal Housing Enterprise Oversight. Our analysis reveals, unsurprisingly, that foreclosures and home prices have negative effects on each other over time, but this does not imply a vicious cycle of collapsing prices. Our models predict that as foreclosures continue to climb in many states, house prices will remain flat or decline in those states -- but will not collapse.
The Housing Act
Aims to provide relief to homeowners, incentives to buyers, guidance to lenders and oversight to vital government-sponsored entities, such as Fannie Mae and Freddie Mac. Some of the bill's provisions include:
Foreclosure avoidance: Will help an estimated 400,000 homeowners avoid foreclosure by refinancing into 30-year fixed-rate loans backed by the Federal Housing Administration.
Aid for buyers: First-time home buyers who purchase a primary residence between April 9, 2008, and July 1, 2009, will be eligible for a tax credit of $7,500 or 10% of the purchase price, whichever is less. Home buyers who claim the credit will be required to pay it back in equal installments over 15 years, starting in the second year after the home is purchased.
Loan limit: Federal Housing Administration's loan limit is raised in high-cost areas from 95% to 115% of area median home price, up to $625,500.
Neighborhood help: Provides $4 billion in grants for buying and renovatingforeclosed properties in hardest-hit areas.
Mortgage Applications Up 2.8% over Previous Week
From The Mortgage Bankers Association
The volume of mortgage applications filed last week rose slightly, increasing a seasonally adjusted 2.8% compared with the week before, the Mortgage Bankers Association reported. Applications for mortgages to refinance existing home loans rose 4.4% on a week-to-week basis, while mortgage applications for the purchase of a home increased a seasonally adjusted 1.8%
Based on these facts the St. Louis Real Estate market is alive and well. If you are considering a move to the St. Louis Area in the near future contact The Helderle Team

Benefits to Owning a Home in St. Louis, Missouri

2008-08-18T17:20:00.004-06:00
Freedom

The home is yours to do with what you want. Decorate it the way you want. Express yourself.

Savings

Each payment you make builds equity thus creating a savings account. When you're ready to sell up to $250,000 could be tax free. (Consult your financial professional)

Appreciation

Owning Real Estate offers long term stable growth in value.

Equity

Mortgage payments let you build equity ownership interest in your home

Tax Breaks

The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home

Predictability

Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase

Stability Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity

Considering a move to St. Louis, Mo? Contact The Helderle Team

Arnold, MO. News You Can Use

2008-08-18T06:25:00.009-06:00
Arnold MO is a community just south of St Louis MO
Arnold’s campaign to redevelop itself hss resulted in Arnold, Mo being placed on the TOP 25 most affordable cites as reported by CNN Money

With a wide selection of restaurants, entertainment, shopping and employment. Located on the I-55 corridor it offers easy access to I-44 and I-270. Minutes away from Lambert International Airport and only 20 minutes from Downtown St. Louis, Arnold has become one of St. Louis, Mo. best kept secrets.

With numerous City Parks and a brand new Water Park offering an outside pool, inside pool and a rec center with personal trainers and classes the residents of Arnold, MO flock to this venue throughout the year.

Fox C-6has a number of campus’ including the brand new Seckman Junior High.

If your considering a move to or from Arnold, Mo. contact The H Team today.

Real Estate For Sale in Hillsboro, Mo

2007-10-19T13:24:00.000-06:00

Country Living In A Nice Quiet Area... Only 20 minutes to St. Louis, Missouri. Three bedrooms, 2.5 baths, main floor master bedroom with full bath and access to enclosed porch. Vaulted ceiling in great room with W/B fireplace. French doors lead to enclosed porch and walks out a 15x60 newer deck. Great for BBQ or just relaxing and watching the deer. The hot tub stays. Open staircase to the second floor with 2 bedrooms and additional full bath. Second bedroom has balcony. Country kitchen has breakfast bar, pantry and stainless steel appliances (stove and dishwasher). Breakfast room has bay window. Very open floor plan. Full walk out basement and 2 car garage with additional off street parking. This is a great home with a lot of character.

Wildwood, MO Ground Floor Condo

2007-10-19T11:23:00.000-06:00
GROUND LEVEL... NO STEPS... Wonderful condominium with two bedrooms, two full baths, master bedroom suite (divided floor plan). Main floor laundry. Beautiful ceramic tile in livingroom, kitchen, breakfast room and laundry room. Laundry room is large enough to equip full size washer & dryer. Kitchen has updated cabinets, counter tops, new dishwasher, vertical blinds on patio door and new ceiling fan w/light fixture. Bathrooms have new sinks and light fixtures. Breakfast room walks out to nice private patio. (Storage closet included.) New ceiling fans and light fixtures in both bedrooms. Plantation style blinds throughout. Six panel doors and pocket doors. All freshly painted and ready for new owner. Near St. Louis, MO.
Visit http://www.realestatetrio.com for all your real estate needs.

After Uses of the Gallon Milk Jug

2007-02-01T11:31:00.000-06:00

Today, gallon jugs are made of high-density polyethylene, a light weight and flexible plastic. When recycled, these jugs are put to good reuse as a major ingredient in plastic lumber. But before you put those jugs in the recycling bin, give them a extra job. Mark Feirer of This Old House Magazine suggests these uses of the gallon and quart size milk jug;
Start a seedling. Cut the bottom off a gallon jug and upend it to serve as a cloche. Remove the cap as needed to control temperature in this mini-green house.
Chill Out. Fill a quart jug three quarters full with water and freeze them to use as a container. The contained Ice keeps for cold and when it thaws theres cold water to drink.
Cover a pile of firewood. Rope pairs of water filled gallon jugs together and use them as anchors to hold a tarp over a small pile of firewood to keep it dry.
Nail Holders. Cut the top off and use the bottom to hold nails or screws of different sizes.

The Hallmarks of a Well-Built Home

2007-01-12T15:43:00.000-06:00

There are houses and there are houses. Just like anything that is produced in our world from cars to clothing, there is a high quality manufacturing and there is poor to medium workmanship.
In her book "The Fearless Home Buyer" Elizabeth Razzi gives those telltale signs of a well built home.
Windows are an easily-spotted signal of quality. They're one of the most expensive components of a home. You can determine the brand used by looking for the name un the corner of the glass. Look for neatly mitered and whether the window is double panned which offers good insulation in both summer and winter. Look at the windowsill and the wall below to see if there are any water stains or softness in the wall-a sign that there could be a codensation or leakage problem with the windows.
Bathrooms are another area where the quality of the workmanship is important. Pay special attention to the floors and walls around (and downstairs from) a shower stall Look for signs of recent painting, a spongy feel or mold. Water that leaks from a tub or shower over time can rot sub flooring, a common problem in homes built with inferior materials and workmanship.
When you expect the exterior of the home, note the kind of siding that is used. Wood siding is beautiful but requires routine re-painting. Vinyl or aluminum siding is economical and long-lasting, but check it for dings, tears and fading.
As always, if you are uncomfortable about the quality of a home you are interested in purchasing, it's a good idea to hire a professional inspector to confirm or allay your fears.
As Real Estate professionals, we look forward to working for you and answering any questions you might have about quality and workmanship of any home you may be interested in. Call us anytime.

NO More Slaving Over a Hot Stove

2007-01-03T14:18:00.000-06:00

A new generation of cooktops that use induction heating technology puts an end to slaving over a hot stove.
Induction heats faster, is easier to control, simpler to clean and safer to use. It also consumes 30 - 40 percent less energy than other cooking methods. Induction is done with magnets, It converts electricity into an intense electromagnet field that "excites" the iron atoms in cooking vessels, causing them to vibrate and heat up. The pan itself, not the cooktop becomes the heating element as it absorbs the waves of magnetic energy and transfers that heat to the food.
The fast heat-up shortens cooking time. 85 to 95 per cent efficiency means lower energy bills. Clean-up is easy because food can't burn on it's surface and it's safer for kids and seniors.
An induction cooktop costs $1700.00 to $2800.00 for a 30 inch cooktop and up to $4,000.00 for a 66 inch top/ Installation may require you to upgrade your wiring and you'll need special pots and pans.

Sales of Home Elevators up, up, up!

2007-01-02T09:19:00.000-06:00

Home elevators are fast becoming the newest in status symbols. In a recent National association of Home Builders, 7 percent of homeowners rated elevators as an "essential" or "must have" feature. The reason home elevators are becoming indispensable has to do with the direction of today's home building. While residential square footages have increased 21% over the past 15 years, lot sizes have dropped 10%. Sending construction vertical.
Baby boomers anticipating old age has contributed to the increased sale of home elevators. But 68 percent of those who rated elevators as essential were under 55. This age group admitted that the status of owning an elevator was important to them and they planned to add accoutrements such as plasma screened televisions and custom sound systems to their elevators.
For more information visit http://www.residentialelevators.com/

Home Owners Are Saying

2006-12-30T16:42:00.000-06:00

Parade magazine conducted a poll among 1,000 individuals representing a cross section of U.S. home owners. This is what homeowners are saying about:
Their Neighborhood: An overwhelming majority (80%) believe their own community is a great place to raise a family. Yet almost 50% of those worry about overdeveloped.
Home Improvement: 11% spent about $1,500 per year in repairs and upgrades, while a third invested more than $5,000.
Commuting: 63% said they would gladly trade square footage for less time spent on the road.
Their dream home: The #1 factor in their next home purchase will be a spacious kitchen.

Our Newest Team Members

2006-12-28T11:51:00.000-06:00

Meet Max and Ricco. Born Oct 11, 2006 Max (black) adopted by Frank and Laurie on Dec 19, 2006. Ricco (brown) adopted by Steve's family on Dec. 19, 2006. They are brothers and very active. Their Mother is a AKC registered show poodle and Dad is an AKC register pekingese. Current weight is 1.5 to 2 pounds and should grow to about 6-8 pounds. They are fabulous with the grandkids and love playing ball. They will be introduced on our new pictures later this year.

When Mom & Dad Move In

2006-12-28T10:56:00.000-06:00
The number of senior citizens that will rely on family members for their care is expected to rise from 25 million in 200 to 71 million in 2030. If your parents will be spending their twilight years at your home, there are some improvements that can be made that will make life easier for them, and for you.
* Remodel a bath;
Instead of a tub, opt for a wheel-in or walk-in shower with a height adjustable shower head and chrome grab bars. Add a taller toilet, a new vanity and safe flooring. The cost will be about $25,000 but 90 percent of the cost will return to you when you sell the house.
*Add a deck;
incorporate a wheel chair ramp with it and it can work as a design element. A typical deck costs about $12,000 to build but you'll get back 90 percent of your investment at sale time.
*Build an addition;
A first-floor bedroom that costs $73,000 will recoup 80 percent of its cost. Doorways must be 36 inches or wider to be wheelchair accessible

Look Maw No Hands on Faucets

2006-12-27T14:27:00.000-06:00

What used to be a novelty in public restrooms - touchless faucets - are moving into home kitchens. These new hands-free faucets feature high-arc swiveling necks for pot-filling and pull down spigots for rinsing dishes or produce.
These new faucets which turn on and off using combination motion and light sensors help prevent the spread of germs because you never have to touch the controls with dirty hands.
They also conserve water by doling it out only on demand because for every minute a faucet is running, 2 gallons of water are lost down the drain.
Hands free kitchen faucets are available in price ranges of $150.00 to $1,000.00 and are sold by various manufacturers.

http://www.kohler.com/

Free Hugs

2006-12-21T15:39:00.000-06:00
Hugs are great to give and receive. If you need a hug give us a call today. Merry Christmas.
The Helderle Team
http://video.yahoo.com/video/play?vid=d6a6e5a577af0b83c1380d45ce7be57b.1213531&cache=1

Getting It Sold In A Buyers Market

2006-12-19T17:14:00.000-06:00

List with a full service Realtor that provides plenty of service. The Helderle Team provides full service on every listing. Included in our service program is 3 full time realtors, marketing your property by, installing signs, handling all inquires, showing the house, writing the offer, processing the accepted sales contract and attending the closing. Of course not all transactions are this simple but we o our best to keep your transaction stress and worry free. Contact Frank Helderle today to arrange a look at our presentation.

St. Louis Real Estate

2006-10-26T10:00:00.000-06:00
St. Louis Real Estate

Selling? Start the showings!

2006-10-25T10:08:00.000-06:00
After your house has been listed for sale by a professional start showing. Getting your home ready for showings at a moments notice is sometimes required. This can be stressful on everyone especially for families with small children. But having your home available for showings allows your real estate pro the ability to say "yes" to any and all requests to show the property. Normally the more showings there are, the better the odds become that you will receive an offer quickly. As the seller you can have some flexibility too. With today's programmable lock boxes, your real estate professional can actually program the times you wish to allow showings. Maybe a night worker wants to restrict entry until early afternoon or a family with small children may want showings to cease after bedtime. No matter what the hours you agree to show your home are, never turn down a special request or one from a prospective buyer returning to see your home for a second or third time. When you're ready to list your home for sale give us a call and we'll answer any questions you may have with no obligation. Posted by: Frank J. Helderle