Some Home Sellers and Home Buyers are getting happier! Email request for charts of report regarding 2008 first quarter Home Sales, Status & Statistics of the St. Louis County and St. Louis City home sales! If you would like more details, please indicate specific markets requests by area, school district, type, size, price, or other criteria, etc... whatever, meets your needs.
General Information for 1st Quarter of 2008:
45% Active listings
21% Expired
21% Sold
13% Pending Sale
Basically as many sell as expire their listing period. Keys are right condition, presentation & motivation to get it done. If you haven't had a sale and you meet these criteria you need my help. I will tell you why your home hasn't sold, if you want to get it sold with me. I will be honest with you and get you moving in the right direction with a success strategy.
The list price to sale price and days on the market percentages are below:
0-30 days highest at 96.5% when sold within 25% sold in first 30 days.
31-60 days LP/SP is 95.1 and 30% sold during this period.
61-90 days LP/SP of 93.8 and 14.2% sold.
91-120 days LP/SP of 95% (which could include a price adjustment) and 13.4% sold
120+ days LP/SP 93.7% and 30% (which may include some of the 1/4 listed that became expired listings)
Two closings this week using free money the smart Missouri has available for first time buyer qualifiers. If you are considering buying for the first time or haven't owned a home for awhile, may want to check in & get yours, too... if you fit the target. Call me & I can help you get connected to the biggest MHDC lender in the St Louis MO market. They provide great service and results. Of course, I can help with the home search or connect you to a Realtor that fits your needs.
Statistics from MARIS Rappatoni Multiple Listing System through St. Louis Association of Realtors from January 1, 2008 through March 31, 2008.
Jane Gallagher WPI Golden Properties Direct 314-629-6929
Call me if you want it DONE RIGHT & RIGHT NOW!
Showing posts with label HOT St. Louis Homes. Show all posts
Showing posts with label HOT St. Louis Homes. Show all posts
Wednesday, April 2, 2008
Tuesday, March 18, 2008
Rates are dropping!...
That's what I am hearing! The feds are cutting again, trying to find solutions & hopefully will have a positive impact on the country. Financing refis are a viable option. I am doing financing through my parent company now and received a note to act NOW!
The word on the street is that Fannie Mae is tightening up. The lenders are all but eliminating standard 100% mortgages that have been a staple in the recent past. FHA will still offer the 97% loan products with more flexibility than conventional. The qualification is going to getting tougher, even for those who have high credit scores, consistent incomes and some equity. All risk takes a hit. There is a risk attached to Home Equity Loans that are adjustable, too. Lenders who have a high home equity portfolios are being seen as higher risk. I am personally projecting rents to increase, even if property values are not increasing the same as they were before. Hello investors!
The word on the street is that Fannie Mae is tightening up. The lenders are all but eliminating standard 100% mortgages that have been a staple in the recent past. FHA will still offer the 97% loan products with more flexibility than conventional. The qualification is going to getting tougher, even for those who have high credit scores, consistent incomes and some equity. All risk takes a hit. There is a risk attached to Home Equity Loans that are adjustable, too. Lenders who have a high home equity portfolios are being seen as higher risk. I am personally projecting rents to increase, even if property values are not increasing the same as they were before. Hello investors!
Maplewood Richmond Hts, MO State Basketball Champs!
Another BIG State Champion win for school in St. Louis, Missouri Metropolitian area! Maplewood Richmond Heights! Congratulations! MRH! One of my High Schools! My fun friend Lydia and the rest, did whistling & shouting for our Blue Devil teams in the day when we were cheerleaders at MRH. Oh, what fun! These young men won the Semi-final by 1 pt over Hogan and the Championship game by one point over local Lutheran North High School. WOW! You can't get much more exciting than that in a ride to the top!
Celebration info at Maplewood Richmond Heights School District Website:
http://www.mrhsd.org/pages/news/2008/03_06_boysgame.shtml
The Maplewood and Richmond Heights communities share a school district and many positive benefits in what some call the golden triangle of St. Louis County. These communities continue to develop new restaurant destinations, children's theatre, school kudos and increasing property values! I wish I had invested in this sweet spot ten years ago! It is such an easy location between 44 & 40 on the edge of the cities of Clayton, Webster Groves, and the city of St. Louis. While a great investment, fairly easy on the wallet. NIce amenities, Pools, The Heights Recreation Centers, Libraries, businesses. Very Cool spot!
Celebration info at Maplewood Richmond Heights School District Website:
http://www.mrhsd.org/pages/news/2008/03_06_boysgame.shtml
The Maplewood and Richmond Heights communities share a school district and many positive benefits in what some call the golden triangle of St. Louis County. These communities continue to develop new restaurant destinations, children's theatre, school kudos and increasing property values! I wish I had invested in this sweet spot ten years ago! It is such an easy location between 44 & 40 on the edge of the cities of Clayton, Webster Groves, and the city of St. Louis. While a great investment, fairly easy on the wallet. NIce amenities, Pools, The Heights Recreation Centers, Libraries, businesses. Very Cool spot!
Wednesday, March 12, 2008
FREE MONEY in St. Louis Missouri
WOW! Finally starting my first blog! Please...Let me know if you have thoughts and ideas for me.
The title says “Hot St. Louis Homes” so I’ll start with what is HOT here in St. Louis … FREE MONEY!!!
I wish I qualified to be a first time buyer right now!
In reality the rates are amazing and if you are financially able to buy, you should do it! Buyers do need to be realistic about their first home may not have it all… for example granite, loads of closet space, luxury baths, though some do. Their first home is likely not going to be their last. While there are confident Buyers here… an educated Buyer knows the well priced, best presented properties do sell competitively and knows when to move fast. Most Sellers are adjusting, yet they do have limits. They are not always going to give in to what they believe to be unreasonable demands.
Every wise investor will tell you… To do well, you have to BUY RIGHT!
A quote from a nice letter from one of my clients.
“We have just refinanced our home that we purchased 23 months ago. A new appraisal was done and the value has increased by $38000. We have made virtually no improvements to the property so the main reason for the 27 percent increase in value was due to “Buying Right.” This Right Location; Right Price; was determined by your expertise in real estate and your honesty in advising us.” Milton & Sally Billiet
I love helping people find what fits and is a great investment. Even the 100% Buyers are given great opportunities. In the St. Louis, MO area there are Missouri, MHDC, county and Non-Profit Buyer Education programs, such as Beyond Housing, for those who qualify as first time home buyers and they can get 3000-13000 at closing to be applied to closing costs and down payment assistance. Depending on the program, there are guideline qualifications regarding income, property condition, county, and of course require, jumping through a few hoops. Some are grants, some are loans at 0%, some are deferrred til you sell and some you pay back a portion of the the benefit if you move within so many years. It is not one size fits all and the does money runs out. But like anything else in life, making the plan so you are ready for opportunity is the first step. It doesn't happen overnight. You have to work with qualified lenders that have gone through process to be approved by the programs and follow the rules of the programs.
Missouri Association of Realtors has a great informational website about Home Buying & financing programs
go to www.Mohomeprograms.org for info.
I copied these links to make it easy:
"Missouri Home Programs provides a summary of housing related programs for home buyers in the state of Missouri. A number of programs provide home buying assistance to individuals based on income.
Search Assistance Programs
Search Loan Products
100 Questions & Answers for Buying a Home "
Enjoy the journey! Let me know if I can help!
The title says “Hot St. Louis Homes” so I’ll start with what is HOT here in St. Louis … FREE MONEY!!!
I wish I qualified to be a first time buyer right now!
In reality the rates are amazing and if you are financially able to buy, you should do it! Buyers do need to be realistic about their first home may not have it all… for example granite, loads of closet space, luxury baths, though some do. Their first home is likely not going to be their last. While there are confident Buyers here… an educated Buyer knows the well priced, best presented properties do sell competitively and knows when to move fast. Most Sellers are adjusting, yet they do have limits. They are not always going to give in to what they believe to be unreasonable demands.
Every wise investor will tell you… To do well, you have to BUY RIGHT!
A quote from a nice letter from one of my clients.
“We have just refinanced our home that we purchased 23 months ago. A new appraisal was done and the value has increased by $38000. We have made virtually no improvements to the property so the main reason for the 27 percent increase in value was due to “Buying Right.” This Right Location; Right Price; was determined by your expertise in real estate and your honesty in advising us.” Milton & Sally Billiet
I love helping people find what fits and is a great investment. Even the 100% Buyers are given great opportunities. In the St. Louis, MO area there are Missouri, MHDC, county and Non-Profit Buyer Education programs, such as Beyond Housing, for those who qualify as first time home buyers and they can get 3000-13000 at closing to be applied to closing costs and down payment assistance. Depending on the program, there are guideline qualifications regarding income, property condition, county, and of course require, jumping through a few hoops. Some are grants, some are loans at 0%, some are deferrred til you sell and some you pay back a portion of the the benefit if you move within so many years. It is not one size fits all and the does money runs out. But like anything else in life, making the plan so you are ready for opportunity is the first step. It doesn't happen overnight. You have to work with qualified lenders that have gone through process to be approved by the programs and follow the rules of the programs.
Missouri Association of Realtors has a great informational website about Home Buying & financing programs
go to www.Mohomeprograms.org for info.
I copied these links to make it easy:
"Missouri Home Programs provides a summary of housing related programs for home buyers in the state of Missouri. A number of programs provide home buying assistance to individuals based on income.
Search Assistance Programs
Search Loan Products
100 Questions & Answers for Buying a Home "
Enjoy the journey! Let me know if I can help!
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