When You Are Under Contract to Buy…………..

Today something happened at the office I hope will not happen again…

One of our buyer’s lender informed us that the underwriter had checked her funds to close, and that her account was short some sum of money.

The loan officer advised the young buyer that she could obtain a gift from a relative.  Fortunately, her dad had funds and was willing to “gift” them to her.  What the buyer failed to pass on to the dad was that his “gift” funds had to be sourced.  What that means is that the underwriter needed proof of where the funds had come from.  They needed a copy of the giftor’s bank statement to show where the funds had come from.

Needless to say, the father was not willing to provide his bank statement.

 

Only a miracle could save this.

We talked to the loan officer, and I recommended he gently explain again to the buyer/daughter WHY this was needed.  After all the terrorist activity in our nation, the lending rules have changed.  For the stricter.  This applies to all loans sold on the secondary market.

Well, dad came through today and provided his bank statement.   The loan officer has given us a clear to close!  Thank you God!

And you wonder what we Realtors do all day?  LOL

We wear lots of hats and put out lots of fires.  But at the end of the day, we make homeownership happen!

Call your favorite agent at Advantage Real Estate in Moberly, MO.  We’d love to help you or a friend you refer to us!  660-263-3393

Home Selling Mistakes to Avoid

Home Selling Mistakes to Avoid

  1. One of the hardest things I’ve observed during the past 25 years is when sellers tell their real estate agent the price they want to sell their home for — and the agent agrees.  The part that confuses me is:  does the agent not have the courage to tell the seller where the pricing is in the market, or are they just doing what we call in the business, “buying a listing?”  This is when an agent accepts an inflated price, hoping the seller will later reduce the asking price.   You deserve to see market comparables and know that your house is priced within the correct range.

 

 

  1. You weren’t educated about the process of selling your home.  Who likes surprises anyway?  It’s important to have an agent who can teach you the process from list to sale.  And what happens in between.  Feedback is my number one goal.  I strive to give prompt feedback from showings.  If I were selling my house, I’d want to know if the folks who looked at it had any interest, did they have any comments to pass along, or did it just not suit them?

  1. You didn’t take time to prep your house for resale.  It’s important to deep clean, de-clutter, and make repairs as needed, as well as effective staging.   The decluttering and staging is difficult when you live in a home, but it’s what makes the most impression with prospective buyers.  They want to see if they have room for all their stuff!

 

 

  1. Your home wasn’t presented well – This begins with how well you present your home for sale, how well your real estate agent photographs your home, and how well it’s blasted across the internet.  It’s amazing to see some photos many people present online.  I always wonder if the listing agent sent a link to the homeowner to approve?  Professional photos are a must these days!

 

 

  1. Along with #4, I normally like to help a prospective seller by giving a list of some suggestions to achieve prior to listing.  It’s great to put this on the refrigerator with a magnet, however, prior to taking photos, be sure to take ALL of the photos and magnets OFF the refrigerator.  It’s amazing what a distraction this can be online in the kitchen photos…

 

  1. You listened to your neighbors, friends and family about how you should price your home.  Would you visit a foot doctor if you had heart palpitations?  Seek the advice of a trusted real estate professional, always.  Ask your friends, neighbors, and family for a reference.  Someone they trusted.  Someone who gave prompt feedback, someone who was honest with them even when it “hurt.”  Someone who knew their contracts like the back of their hand.  That’s really why you hire a real estate agent anyway, isn’t it?

 

 

That’s just a small list, but I think I’ve hit most of the “big” things.  In my years of selling homes as a Moberly, MO Realtor, and servicing Randolph County, MO and surrounding communities, I can’t tell you the number of times I’ve seen such mistakes made when they could have been completely avoided.  Use this list as a guide so you can have a smooth transition next time you have a  need to sell a home.  Print it off, save it to your computer, pin it to your “home selling” board on Pinterest.  Disclaimer:  if you put it on your refrigerator, make sure you remove it before you sell your home, as a clean refrigerator with nothing pasted all over it is also a must when it’s time to sell!  LOL

 

As always, hiring a hometown Realtor from Advantage Real Estate is a good move!  660-263-3393

Recycling Household Hazardous Waste

I spent last Saturday morning with Geri Blakey from the City of Moberly Household Hazardous Waste recycling program.   Boy, it was an enlightening time!    First off, if you haven’t heard, the City of Moberly has a recycling program where you can bring your unused paint, stains, varnish, household chemicals, pesticides, yard chemicals, and they will recycle it!

 

Now it sounds easy, but a lot of work goes into this…first off, someone brings in a load of used paint, for example.  Geri will  help you carry it in.  She weighs everything so she can see what comes in and what goes out.  She told me that she recycled approximately 4 tons of paints last year, and is on target for a similar amount this year.

 

I know what 360 pounds of paint feels like.  I helped clean out a basement of a house I’m helping to sell.  There were at least 40 gallons of paint cans left from a prior owner.  Up and down the stairs for what felt like a zillion times.  It was a good workout.  Good thing the weather was cooler!

 

So Geri will weigh the product and have you fill in your name and address, so she can monitor where her program is reaching to.  I was amazed at how many “regulars” she had come by to see what she had that they could reuse.  Often she has art teachers from local schools and colleges come by to get supplies.  This helps in their “budget.”  Last Saturday there were several couples come by to get paint so they could repaint the inside of a place they were renting or buying for their kids.  The supplies she recycles are all free!

 

I was amazed that she had lots of shades of stain.  How many times has my husband gone to the local hardware store to buy some stain for a small project?

 

This place will accept used batteries, cell phones, and oils of most types.   I was surprised at accepting oils.  Geri told me she takes the used oil to the street barn, and they burn oil in their furnace.  So it all gets used!

 

If you haven’t discovered the Hazardous Household Waste center yet, bookmark this.  It’s next door to the dog pound, the building with the green metal roof just off the outer road past the Assembly of God Church in Moberly, MO.  Normally she is open from 8 to noon on the second Saturday of the month.  In November, she will be open on the first Saturday due to the second Saturday being the craft show at the Activity Center.  She’s having a display with rain barrels.  She keeps busy!

 

Call Geri Blakey at 660-263-7164 or email at gblakey@cityofmoberly.com if you have any questions.

This public service announcement courtesy of Jane Loeber, Advantage Real Estate.

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Two Story Dream House

Two Story Dream House

Don’t you  just love those “older” homes with character?  Well, take a peek at this one, located in Moberly, MO.

Gorgeous woodwork and impressive stairway invite you in to this approximately  2750 sq ft  home.

Oversized front living room with tall ceilings, crown molding, and new carpet.

The huge country kitchen will be a favorite spot!  Lots of room for the family to gather here…

This is the huge master bedroom with two closets.  All four bedrooms are on the same level, upstairs.  There’s even a balcony to watch the world go by from upstairs!

Nice privacy fenced backyard surrounded by perennial plantings.  A great place to unwind after a busy day!

This home features 4 BR 2 BA, and a detached 1.5 car garage with opener.  Central heat and air and modern bathrooms!  It’s at 406 S. Williams St., Moberly, MO.  This listing is provided by Advantage Real Estate, 660-263-3393.  MLS # 16-358.

September Market Update

Monthly Market Update

September 2016

Market Update – According to Randolph County Board of Realtors

27 Residential Properties Sold

$99,900 Average Sale Price

$105,274 Median Sale Price

Over $2.84 Million in Dollar Sales Volume