Newly renovated three bedroom home in Westran School District! 517 N Main St., Huntsville MO MLS 20-269

 

 

 

 

 

 

 

Step inside this transformed ranch and call it home!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Imagine all the holiday baking that you can do in this open kitchen and dining room! 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nice size bedrooms.

 

 

 

 

 

 

 

Main level laundry!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Great backyard with playset and shed!

We would love to show you this great updated home and any others you are interested in. Call us at 660-263-3393 and speak to one of our friendly agents. Advantage Real Estate is here to assist you in all of your real estate needs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Country Living In This Remodeled Ranch! 1063 County Rd 2356 MLS 20-268

 

 

 

 

 

 

 

 

Newly remodeled ranch home with walkout basement in a country setting.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Feel right at home when you step inside!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cook your favorite meals in this open kitchen.

 

 

 

 

 

 

 

 

Make memories with family time in the dining area whether it be enjoying meals or board games!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The master bedroom has a large walk-in closet!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas fireplace in living room and family room for those cold winter days.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Offering fresh air and breath taking views every day on this 0.86 acre lot!

Are you or someone you know looking to get out of town? Advantage Real Estate is here to help you whether you’re buying or selling in Randolph and surrounding counties! Call us for all your real estate needs today! 660-263-3393

Totally transformed 5 BR 2 BA cape cod style home! 412 Shumate Ave, Moberly MO MLS 20-254

 

 

 

 

 

 

 

 

 

 

Be wowed by this meticulous move-in-ready 2 story!

 

 

 

 

 

 

 

Wood flooring and natural light in this spacious living room!

 

 

 

 

 

 

 

There’s plenty of room in the kitchen for the whole family to help with dinner. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three bedrooms on main level and two large bedroom upstairs!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Two beautiful full bathrooms!

 

 

 

 

 

 

 

Side entrance just off from the carport! 

If you or anyone you know is looking to upsize, give us a call at our office in Moberly MO. We would love to show you this home or any others you are interested in! Whether you are looking to buy or sell, we can assist you with all of your real estate needs. 660-263-3393

Great Starter Home! 419 Olive St., Moberly MO

 

 

 

 

 

 

 

Perfect 2BR 1 1/2 story to downsize or first home purchase!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Step inside and instantly feel at home!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With all appliances included, you’ll want to spend lots of time cooking in this updated kitchen!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nice neutral colors in the bedrooms that will go with almost any decor.

 

 

 

 

 

 

 

With a wrap around deck, fenced backyard, and a detached garage, what is not to love!?

The market is hot! If you’re interested in this home or any others, call Advantage Real Estate in Moberly MO. Speak with one of our friendly agents. They can assist you with all of your real estate questions and needs! 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

Affordable One Level Living At It’s Best! 119 Bedford St, Moberly MO MLS 20-197

 

 

 

 

 

 

 

 

Step inside this 3BR 2BA bungalow. It would make a great starter home!

 

 

 

 

 

 

 

 

Plenty of natural light offered in the living room!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wood flooring in the dining room and kitchen.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nice size bedrooms with closets!

 

 

 

 

 

 

 

 

Enjoy family/friends barbecuing on the back deck. 

If you or someone you know is looking for an affordable first time home or to downsize, we would love to show you this home and any others! Call Advantage Real Estate in Moberly MO and speak with one of our friendly real estate agents. 660-263-3393

 

 

 

 

 

 

 

 

 

 

Fall In Love With This High-End 1 1/2 Story In Moberly MO! 1317 Quail Haven Dr, Moberly MO 65270 MLS – 225

 

 

 

 

 

 

 

This 4BR family home will give you years of  beautiful memories!

 

 

 

 

 

 

 

Step inside and feel right at home! 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plenty of room for cooking & baking all your favorites!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Check out this main level master bedroom suite!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What’s not to love with this master bath?!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Awesome view of living room from upstairs landing!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Everyone can have their own bedroom to pick from upstairs!

 

 

 

 

 

 

 

Wind down from your day enjoying your evening beverage and view!

This can be yours to call home. Make that phone call to Advantage Real Estate in Moberly MO to set up your private showing today before it gets away! 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stunningly Transformed Split Foyer Home! 1015 Franklin St., Moberly MO MLS 20-218

 

 

 

 

 

 

 

Beautiful updated 3BR 1.5BA with 1,320 SqFt

 

 

 

 

 

 

 

Step in and fall in love!

 

 

 

 

 

 

 

Cook your favorite meals in this new kitchen!

 

 

 

 

 

 

 

Nice sized closets in the bedrooms!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Full bath upstairs and half bath on lower level!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There is plenty of room on the back deck for those summer barbecues and entertaining!

Let us show you this home or any others you’re interested in! Call our Advantage Real Estate office in Moberly MO and let our friendly agents assist you in your real estate needs! 660-263-3393

 

 

Are You Ready To Right-Size Your Home? 722 Vincil St., Moberly MO MLS 20-49

 

 

 

 

 

 

 

Cozy 2BR bungalow featuring newer vinyl siding and windows!

 

 

 

 

 

 

 

 

Enjoy family time in the living room!

 

 

 

 

 

 

 

 

Remodeled kitchen with appliances!

 

 

 

 

 

 

 

 

 

Dining right off from the kitchen!

 

 

 

 

 

 

 

 

 

 

The family room could possibly be used as a third bedroom.

 

 

 

 

 

 

 

 

 

Knotty pine paneling lining the master bedroom.

 

 

 

 

 

 

 

 

If you or someone you know is looking to downsize or own their first home, call our office in Moberly MO. Our friendly agents are ready to take you on a showing today! 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Meticulously Handcrafted To Perfection! 1205 W. Reed St., Moberly MO MLS-20-156

 

 

 

 

 

 

 

You ever find yourself scrolling through Instagram and Pinterest and you see the most beautiful home you’ve ever seen? 📱

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A home with a kitchen, bathroom and living areas you know you would be obsessed with and never stop posting pictures of it online because you can’t believe it’s yours! 😊

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Then you get bummed out because you know there’s nothing even close to that in your town, and you should just keep dreaming. 😭

 

 

 

 

 

 

 

But wait, this isn’t Instagram, this isn’t Pinterest or a celebrity home?! 💫

 

 

 

 

 

 

 

This is here in town?!

 

 

 

 

 

 

 

This is a home I can buy?!

 

 

 

 

 

 

 

MOVE OUT OF MY WAY!!! 🥊

 

 

 

 

 

 

 

I need to see this home NOW before anyone else does! 🏡 🏃‍♀️ 🏃🏻 💨

This gorgeous property is right here in Moberly MO.  Our real estate agents are ready to schedule your private showing today. 660-263-3393

 

 

Here’s Your Chance To Own A Piece Of Historic Downtown Moberly! 216 S. Clark St, Moberly MO MLS-18-383

 

 

 

 

 

 

 

Great commercial building with turn-key storefront. 

 

Offering 1,270 of office/retail space up front.

Nice size warehouse in back featuring 1,207 SqFt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Upstairs efficiency apartment!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City parking all around! 

If you’re looking to expand or start your business, call Advantage Real Estate and speak with one of our friendly agents to schedule your private tour today! 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

More Than Meets The Eye Here! 305 Wisdom St., Moberly MO MLS – 20-150

 

 

 

 

 

 

 

Nicely updated 3BR 1.5BA bungalow.

 

 

 

 

 

 

 

Enjoy one level living!

 

 

 

 

 

 

 

Spacious kitchen for cooking your favorite foods!

 

 

 

 

 

 

 

Lots of room for comfortable living!

 

 

 

 

 

 

 

Move in ready!

If you’re looking for an affordable modern family home,  you’ll want to check this one out. Call Advantage Real Estate in Moberly MO. 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stunning Family Home Tucked Away In A Quiet Setting 1147 Oxbow Lane, Moberly MO – MLS 20-59

 

 

 

 

 

 

 

 

Check out this home at 1147 Oxbow Lane in Moberly.  It has 4 BR and 3 Baths and is located at the end of a quiet cul de sac in town. 

 

 

 

 

 

 

 

You’ll love the view from the wall of windows here!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Updated kitchen, stainless steel appliances, pantry, island, so much workspace!

 

 

 

 

 

 

 

Wood flooring in master bedroom!

 

 

 

 

 

 

 

The master bath has been completely updated!

 

 

 

 

 

 

 

This den has a woodburning fireplace plus can double as an office if you like!

 

 

 

 

 

 

 

The lower level features a large rec room with walkout to the outdoors here!

 

 

 

 

 

 

 

 

 There’s no close neighbors in back except some wildlife…

 

 

 

 

 

 

 

 

 

 

 

 

 

The house sets back off the road at the end of a cul-de-sac.

Contact Advantage Real Estate to schedule a tour in person or by video!  660-263-3393

 

 

 

 

Home Loan or a Mortgage?

 

 

 

 

 

 

 

 

 

 

 

Did you know that a home loan and mortgage aren’t the same thing? Though often used as interchangeable terms, the two actually work together to finance a home. Many first-time buyers are unaware of this before entering the process. Knowing the difference ahead of time can help you to have a better understanding of the home buying process.

A home loan is the actual money that is taken out to buy a new home. Home loans typically are only used for residential properties and can be received through a financing company. There are different types of home loans and they can have either an adjustable or fixed interest rate.

A mortgage is all about legality. It is the legal documents that you sign that indicates how you will repay that home loan. A mortgage is a legal verification of your obligation to pay back your home loan in full to your lender. Your new home is the collateral and can therefore be repossessed by your lender when payments are not made. Because of this, a mortgage will always mean the same thing. While that is the case for mortgages, there are several different types of home loans. Here are those types:

Conforming:

Conforming loans will either be lower than or equal to the loan limit set. These loans conform to the basic standards of Freddie Mac or Fannie Mae. 

Jumbo:

Jumbo loans are usually only used to purchase high end real estate and exceed basic loan limits. These loans do not conform the basic standards.

Government: 

Backed by the federal government, the guidelines for these loans are often quite strict. They can be harder to obtain but usually have lower interest rates.

Conventional:

Backed by mortgage companies, conventional loans are what most think of when they hear about home loans. These loans usually have higher interest rates to make up for the risk taken by lenders.

If you’re looking to buy or sell a house, call Advantage Real Estate at 660-263-3393. Our friendly agents in Moberly MO can guide you thru the process of finding the right lender and new home for you. 

 

Home Sweet Home Is Just A Key Away: 1108 Bond St., Moberly MO MLS: 20-8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Big on Charm is this beautifully transformed 2BR bungalow.

 

 

 

 

 

 

 

 

 

 

 

 

 

Enjoy your favorite beverage relaxing in the enclosed front sunroom.

 

 

 

 

 

 

 

 

 

 

 

 

 

Have your family and friends over for game night in this spacious living room!

 

 

 

 

 

 

 

 

 

 

 

 

 

Imagine how fun it would be to cook your favorite foods in this new kitchen!

 

 

 

 

 

 

 

 

 

 

 

 

 

Relax and take a dip in the pool to cool off this summer!

Advantage Real Estate would love to show you this adorable property along with any others you’re interested in! Call one of our friendly real estate agents to schedule your private showing in Randolph and surrounding counties. 660-263-3393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enjoy The Country Touch: 2210 CR 2550, Moberly MO MLS #19-126

 

 

 

 

 

 

 

 

 

 

 

 

                             Peaceful living and fresh air at its best.

 

              Welcome family and friends in this beautiful living room.

 

 

 

 

 

 

 

 

 

 

 

 

Enjoy cooking in this luxurious kitchen.

 

 

 

 

 

 

 

 

 

 

 

Roomy bedrooms.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

            Extra nice bathroom with stand up shower.

Spacious storage shed for all your outdoor needs.

 

 

 

 

 

 

 

 

 

 

 

This is just one of our charming properties at Advantage Real Estate. Our agents are here to help with your buying and/or selling real estate needs in Randolph and surrounding counties. Give our office in Moberly a call at 660-263-3393 today. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unlocking The Door To Your Dreams: 321 W. Elm St., Huntsville MO

 

 

 

 

 

 

 

 

 

 

 

 

WOW! Country Feel With City Conveniences! Impressive 4BR 2BA has been completely transformed. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enjoy cooking & baking in this stunning kitchen with granite countertops.

 

 

 

 

 

 

 

 

 

 

 

 

 

Lots of natural light while you and your family enjoy dinner.

 

 

 

 

 

 

 

 

 

 

 

 

 

You’ll love laying your head down in this comfy bedroom with double closets.

 

 

 

 

 

 

 

 

 

 

 

 

 

Relax in a bubble bath after a long day.

 

 

 

 

 

 

 

 

 

 

 

 

 

You will love hosting family and friends out on the back deck while watching the kids and pets play.

If your family is growing and needs more space, call Advantage Real Estate office in Moberly MO. Our agents are here and eager to help you with buying and selling your home! MLS#19-404

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Is It Time to Update Your Bathroom?

 

 

 

 

 

 

 

 

 

 

 

Just like your bedroom, your bathroom should be a relaxing place. Whether you unwind in the shower or with a hot bath, making sure your bathroom is a place of comfort and not stress is key to making your home a happier place. Because it is a room you will definitely spend time in every single day, these signs might indicate that it is time for some changes and some tips to help you do so.

1. Poor Lighting
You can consider investing in brighter bulbs and updating your light fixtures.

2. No Storage Space
You may want to install a larger vanity or additional shelving about the toilet

3. Outdated Paint Color
Updating your wall color with something more neutral, light, and timeless can help bring your bathroom back to life.

4. That ‘Bathroom’ Scent
Checking for mold, fixing any leaks, or adding ventilation can help relieve any scent you can’t seem to get rid of.

5. Leaks
Calling a plumber to make repairs is usually necessary if you have brown water stains.

6. Time to Sell
If you’re getting ready to sell, updating whatever needs updating will increase your home value.

When you’re ready to sell, give Advantage Real Estate a call and talk to one of our friendly agents. They can help you with all of your real estate needs in Randolph and surrounding counties. 

3 Neat Uses for Peel & Stick Tiles

 

 

 

 

 

 

 

 

 

 

 

Whether you are renting and unable to make permanent changes to your house, or you own and a full remodel just isn’t in the budget right now, peel & stick tiles are an affordable, versatile way to make a room feel updated and new. These tiles only require a cutting mat, a ruler, and an X-Acto knife and are easy to remove without causing any damage. Many of the peel & stick tile company have easy-to-follow instructional videos which show you how to measure, cut, peel, and stick your new tile. Here are 3 ways you can incorporate this temporary tile into your home!

1. Upgrade your backsplash.

Whether it is your kitchen or bathroom, old backsplash can prevent you from fulfilling your styling vision. It can also be a real eyesore depending on how old it is.  These peel & stick tiles can give those rooms a complete makeover with ease. Just cut the tile to fit around your outlets and press to stick!

2. Customize your furniture.

If you have been thinking about replacing your plain furniture, consider this first. Adding the tiles to fill in cabinet panels or topping a coffee table can add a chic, expensive feel to your furniture. Think small too; you can add tiles around a cheap picture frame to make it look like it is from a boutique!

3. Make your fireplace pop.

Older fireplaces are often surrounded by plain walls or outdated tiles. Make your fireplace the focal point for all the right reasons by sticking the tiles on painted or previously tiled surfaces, making sure to avoid any areas that would come in contact with the actual fire.

After you’ve made the improvements and decide you want to sell your home, call Advantage Real Estate and talk to one of our friendly agents. We are here and ready to help you with all of your real estate needs. 

5 Home Projects To Outsource

 

 

 

 

 

 

 

 

 

 

 

We live in a DIY world. If there is a video online for how to do something, there’s a good chance you can figure out how to do it. While saving money by doing certain projects yourself can be rewarding in many different ways, there are some projects that should be left to the professionals. Unless you have training in specific fields, these 5 things usually require a professional contractor:

Electrical Wiring

Without any electrical experience, you run the risk of causing damage to both yourself and your entire electrical system. Even if you do shut off the power before messing with any wiring, there can still be many issues that arise afterwards – including electrical fire. Avoid the danger and call an electrician!

Wall Removal

Knocking down a wall can sound like a fun idea. Even if you were getting excited to release any anger on that wall in your home, this is a time when it is best to call a professional. Walls are a key component in maintaining the integrity of your home and it’s structure. If you accidentally knock down a load-bearing wall, you could cause catastrophic damage.

Foundation Alteration

The name of the structure itself should already make you proceed with caution. Your foundation is the most integral part of your home, and messing with it without experience could land you in a very tough spot.

Flooring

While some flooring can easily be done alone, some of the bigger projects should be left to the professionals. If leveling the floor is part of the project, it may be time to call someone in. Having a floor that isn’t level can cause you headaches for years to come.

Plumbing

Just like electrical projects, plumbing projects can be extremely complicated. When not done correctly, you can end up with burst pipes, flooding, and interior water damage. Save the stress and call a plumber! We have a list of Service Providers at our Advantage Real Estate office in Moberly, MO. Stop by or call us at 660-263-3393 and speak with one of our friendly agents today!

Deciding To Buy A Fixer-Upper

 

 

 

 

 

 

 

 

 

 

 

If you are a fan of HGTV, you have probably seen your fair share of fixer-uppers. TV shows tend to make everything look easy, especially home flipping or updating. So how do you decide if a fixer upper is worth your time? Here are a few scenarios where diving in usually pays off.

1. The upgrades are simple.

First, you need to find out what types of issues are going to need updated and recognize your personal skills. If a home has foundation, electrical, or plumbing issues, chances are those aren’t easy fixes unless you are a contractor yourself. When it comes to cosmetic fixes, there is usually less of a safety risk so if you’re willing to do the work, those are the houses for you.

2. When the numbers pencil out.

You need to ask yourself if all the work you will put in is going to make the property worth as much or more after you’re finished. Sit down and run the numbers, and decide if you are willing and able to stick to a budget. If you’re handy and willing to put in the hours, your budget may be much smaller than what you would spend on a move-in ready home. 

3. You have the time and resources.

Sometimes when investing in a fixer-upper, there will be work that needs done where you may not be able to be in the house. Do you have a friend of family member close by where you can crash while the house is getting rewired, or the insulation is getting installed? If not, is there wiggle room in your budget for a night or two in a hotel when there’s a small emergency with the water pipes? It is important to recognize where you are in life and if you are mentally, physically, and fiscally able to invest in a fixer-upper.

When considering buying a fixer upper, contact Advantage Real Estate in Moberly. MO, and talk to one of our expert agents. We are here to help you with all your real estate needs! 660-263-3393

The What + Why For Home Warranties

 

 

 

 

 

 

 

 

 

 

 

If you’ve only ever rented before, the necessity of a home warranty may be unknown to you. As a renter, you are used to a landlord who will fix any issues you run into – but that all changes when you become a homeowner. Now, when a water heater breaks or the fridge starts to leak on the new floors in the kitchen, there is no landlord to call. So what do you do now? You may have a friend or family member who can handle the smaller fixes, but when it comes to the big issues that will end up emptying your pockets, a home warranty can save the day.

A home warranty is similar to insurance, as it covers some or all of the costs of replacements or repairs when a system in your home malfunctions or stops working altogether. They range in annual costs of $300-$900 and remove the middle man in the fixing process. Instead of finding someone to fix an issue, you will directly contact your warranty provider and they will set up the repair or replacement with the appropriate vendors. Your premium usually covers all costs, with the exception of a co-pay which is typically around $50. 

If you’re wondering who should buy a warranty, they are usually recommended for first time home buyers who have rented up until that point. When you are used to having a landlord, a home warranty can fill that role in a different way. Home warranties are great for homes with both members in the work force outside of the house or just busy family members who can’t always be home to wait for the repair person window or find the time to even get quotes for the best repair shops in the area. Home warranties aren’t just for first time buyers, though. If your appliances are nearing the end of their life expectancy, now would be a great time to get a warranty. If all of your appliances were purchased in the same time frame, you don’t want to face the costs of them all failing at the same time. Warranties can save you time and money, especially in the first year of ownership. If you are a first time buyer or in the market to buy a home in Randolph and surrounding counties, Advantage Real Estate can help you with the entire process and guide you on Home Warranties. Our office is located in Moberly, MO. Give us a call today!

 

How Long to Keep Tax Records: A Checklist

For most tax deductions, you need to keep receipts and documents for at least 3 years.

Unless you live in a Hollywood Hills mansion, you probably don’t have space to store years of tax and insurance paperwork, warranties, and repair receipts related to your home.

But you need that paperwork if you need to prove you deserve the tax deductions you took, to file an insurance claim, or to figure out if your busted oven is still under warranty.

To help you organize your piles of papers, we’ve created a handy checklist of how long to keep tax records.

First, a little background on IRS rules, which informed some of our charts:

 

  • The IRS says you should keep tax returns and the paperwork supporting them for at least three years after you file the return — the amount of time the IRS has to audit you. So that’s how long we advise.
  • Check with your state about state income tax records. Most states make you keep them as long as the federal government does — three years. But Montana wants you to keep them for five years. And Ohio recommends you hang on to them 10 years. Yes, an entire decade.
  • The IRS can also ask for records up to six years after a filing if they suspect someone failed to report 25% or more of their gross income. And the agency never closes the door on an audit if it suspects fraud. Just sayin’.

Home Sale Records

HOME SALE RECORDS
Document How Long to Keep It
Home sale closing documents, including closing statement As long as you own the property + 3 years
Deed to the house As long as you own the property
Builder’s warranty or service contract for new home  Until the warranty period ends
Community/condo association covenants, codes, restrictions (CC&Rs) As long as you own the property
Receipts for capital improvements As long as you own the property + 3 years
Mortgage payoff statements (certificate of satisfaction or lien release) Forever, just in case a lender says, “Hey, you still owe us money.”

Why you need these docs: You use home sale closing documents and receipts for capital improvements records to calculate and document your profit (gain) when you sell your home.

Your deed and mortgage payoff statements prove you own your home and have paid off your mortgage, respectively.

Your builder’s warranty or contract is important if you file a claim. And sooner or later you’ll need to check the CC&R rules in your condo or community association.

Annual Tax Deductions

ANNUAL TAX DEDUCTIONS*
Document How Long to Keep It
Property tax payment (tax bill + canceled check or bank statement showing check was cashed) 3 years after the due date of the return showing the deduction
Year-end mortgage statements 3 years after the due date of the return showing the deduction
Tax returns 3 years from the date you file your return or 2 years from the date you paid the tax, whichever is later

Why you need these docs: To document you’re eligible for a deduction or tax credit.

*These deductions are relevant if you itemize. The standard deduction has been increased, which means fewer people will itemize than have in the past. 

Investment Real Estate Deductions

INVESTMENT (LANDLORD) REAL ESTATE DEDUCTIONS
Document How Long to Keep It
Appraisal or valuation used to calculate depreciation As long as you own the property + 3 years
Receipts for capital expenses, such as an addition or improvements As long as you own the property + 3 years
Receipts for repairs and other expenses 3 years after the due date of the return showing the deduction
Landlord’s insurance payment receipt (canceled check or bank statement showing check was cashed) 3 years after the due date showing the deduction
Landlord’s insurance policy Until you receive the next year’s policy
Partnership or LLC agreements for real estate investments As long as the partnership or LLC exists
Landlord insurance receipts (canceled check or bank statement showing check was cashed) 3 years after you deduct the expense
Section 1031 (like-kind exchange) sale records for both your old and new properties, including HUD-1 settlement sheet As long as you own the property + 3 years

Why you need these docs: For the most part, to prove your eligibility to deduct the expense. You’ll also need receipts for capital expenditures to calculate your profit (gain) or loss when you sell the property. Landlord’s insurance and partnership agreements are important references.

Miscellaneous Records

MISCELLANEOUS RECORDS
Document How Long to Keep It
Wills and property trusts Until updated
Date-of-death home value record for inherited home, and any rules for heirs’ use of home As long as you or spouse owns the home + 3 years
Original owners’ purchase documents (sales contract, deed) for home given to you as a gift As long as you or spouse owns the home + 3 years
Divorce decree with home sale clause As long as you or spouse owns the home + 3 years
Employment records for live-in help (W-2s, W-4s, pay and benefits statements) 4 years after you make (or owe) payroll tax payments

Why you need these docs: Most are needed to calculate capital gains when you sell. Employment records help prove deductions.

 

3 Questions To Ask Before Buying Your 1st Home

 

 

 

 

 

 

 

 

 

 

 

 

The real estate market is constantly changing, so of course DO YOUR RESEARCH! DO NOT jump the gun on this one! Unbiased advice from family and peers may be kind, but you are the only one who knows what your needs are when it comes to buying a home.

WHAT MADE YOU CONSIDER OWNING A HOME?

Forget finances for a minute and focus on what made you consider even buying a home in the first place!

·      Is your family expanding?

·      Does your family feel safe?

·      Is there a STELLAR school system in the area so your children can get the education they deserve?

·      Do you have an unbearable landlord?

WHICH WAY IS THE REAL ESTATE MARKET GOING?

DON’T SLEEP ON YOUR DECISION TOO LONG! Home prices are on the rise! Not only are they on their way back up, but these increases are happening monthly.

Don’t believe us? According to Existing Homes Sales Report from the National Association of Realtors (NAR), the average price of homes in May 2017 went up 5.8% from last year.

If you wait until next year to buy, you might be scrapping for change in the cushions to say the least! Not only will it cost you more to buy, but you will also need to increase your down payment to account for the higher price of the home.

WHAT IS THE MORTGAGE FORECAST?

The initial process of purchasing your home may seem easy and quick, but THERE IS MORE TO IT! The ‘long term cost’ of buying a home WILL haunt you if you buy at the wrong time! Mortgage Bankers Association (MBA), and NAR have projected that mortgage interest rates will DEFINITELY increase over the next twelve months. The smallest increase in mortgage rates can have a huge impact on a home owner.

FINAL THOUGHTS

If you and your family feel it is the right time to buy a home then GO FOR IT! Consider these points when making the final decision.

Don’t forget, this move is FOR YOU!

Advantage Real Estate is here to answer all your questions and guide you in buying/selling your home in Randolph and surrounding counties. Stop by our office in Moberly or give us a call today! 660-263-3393

3 Major Steps To Prepare for a Move

 

 

 

 

 

 

 

 

 

 

 

While there is a lot of excitement that comes with moving into a new home, there can also be a great deal of stress. Packing up your entire life and moving it somewhere else can seem overwhelming, but if you have a plan, it can seem a great deal more manageable. Here are the 3 major steps to take to prepare for a move and reduce the stress that can come with it.

Inventory Your Items

While this can seem like a daunting task, taking an inventory of every item in your home will save you a great deal of stress in the future. Whether you do a move entirely on your own or you hire a moving company, it is very important to have all of your items documented. If you sort your items by room and then document them as such and pack accordingly, you will be able to unpack your items by room into your new home in an organized way, ensuring you aren’t missing any items.

Box It All Up

Once you have inventoried all of your items, you will then begin boxing up what you can. Many hardware and home improvement stores have affordable boxes but checking on local Facebook pages for someone trying to get rid of moving boxes could save you a few dollars. Once you have your boxes, it is key to pack by room. This will help if you follow your inventory list, ensuring every item gets packed. Label your boxes by room to make moving in to your new home a breeze.

Renting a Moving Truck

If you’ve never rented a moving truck before, it can be difficult to guess what size truck you will need to transport all your goods. Thankfully, many sites offer ‘calculators’ that are easy to find with a simple search and allow you to enter your box and furniture information and give you a recommendation on what size will best fit your needs. While packing your stuff up is often something movers want to do on their own to keep track of their items, sometimes hiring movers for the truck portion of the move can take a great deal of weight, both physical and metaphorical, off of your shoulders. By hiring movers to load up your truck, you will save the stress on your body and also gain the experience of movers who have packed trucks before. Many people who have moved recommend hiring movers for the loading and unloading portion of the move, even if you want to do everything else DIY.

Advantage Real Estate can help with all your Real Estate needs in Randolph and surrounding counties whether it’s buying, selling or both! Let us help relieve some of your stress of moving. 

New Year’s Resolutions That Will Help You Buy A Home in 2020

 

 

 

 

 

 

 

 

 

 

 

If 2020 is the year for you to buy a home, consider making these 5 New Year’s resolutions to help you be as prepared as possible to become a homeowner.

1. Cut down on monthly subscriptions.

With each month, there is a new subscription service out there. What starts as convenience turns into an endless list of subscriptions that we often don’t use enough to justify the costs. Sit down and go through your monthly/yearly subscriptions and cancel whatever you don’t use. Set aside that extra money with the rest of your savings so your down payment can continue to grow.

2. Build a better credit history.

Paying bills on time and paying off debts will help create a solid credit history. Make sure you have some utilities or rent in your name so that you can pay them on time and continue to build a solid credit history. 

3. Avoid changing careers.

Alongside income, your employment history will be a major factor during your mortgage application evaluation. While a new job could be a good career move, most evaluators are looking for a steady job history with little to no gaps in your employment over the last few years. 

4. Check your credit.

If you don’t know where your credit is at currently, now is the best time to check. Most credit sites will tell you what is impacting your credit, and you can use those tips to change your choices heading into the new year. If large debts are negatively impacting your credit, get started on a pay off plan so your score can improve in the new year.

5. Avoid large purchases.

Your debt-to-credit ratio makes a major impact on your mortgage approval. If you buy a brand new car or fund a large vacation, that ratio could sway in the wrong direction. If you want your lender to be willing to give you the maximum amount possible, make sure you aren’t making any large purchases heading into the new year. Advantage Real Estate agents can help you with the purchase of your new home in Randolph and surrounding counties in Missouri. Give us a call at our office in Moberly. 660-263-3393