Esquire Theme by Matthew Buchanan
Social icons by Tim van Damme

06

Apr

Short Sales Explained!

What is a short sale?

A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

What does this mean for you?

Well it means a great deal! Along with the great deal comes a lot of waiting, paperwork and a lot of patience! Your offer must have a pre-approval and must be approved by the BANK not the actual owner of the home so this process can take weeks and sometimes even months! So if your willing to wait there are some good deals out there!

some information from www.realtor.org

What is your recommendation on how we should prepare to buy a home?
Buying a home can be one of the most exciting things or one of the most upsetting things to ever happen to you. Here are 9-Steps that can help:
Select a realtor. Look for someone you feel comfortable with and who is knowledgeable.
Select a lender. It is a good idea to get pre-approved. The seller is more likely to deal with a serious, qualified buyer.
Look for a home. But don’t look at too many per day. Then narrow it down.
Make an offer and negotiate.
Get inspections and review them. Remember there is a time limit on this.
Order insurance & utilities. (This is usually forgotten.)
Do a walk-through several days before close.
Sign all the loan documents & escrow papers.
The hardest part - MOVE!

What is your recommendation on how we should prepare to buy a home?

Buying a home can be one of the most exciting things or one of the most upsetting things to ever happen to you. Here are 9-Steps that can help:

  1. Select a realtor. Look for someone you feel comfortable with and who is knowledgeable.
  2. Select a lender. It is a good idea to get pre-approved. The seller is more likely to deal with a serious, qualified buyer.
  3. Look for a home. But don’t look at too many per day. Then narrow it down.
  4. Make an offer and negotiate.
  5. Get inspections and review them. Remember there is a time limit on this.
  6. Order insurance & utilities. (This is usually forgotten.)
  7. Do a walk-through several days before close.
  8. Sign all the loan documents & escrow papers.
  9. The hardest part - MOVE!

03

Apr

Is now a good time to buy a home or should I wait until the interest rates go down and the prices to go up?

Sometimes people sit on the fence waiting for interest rates to go down before buying a home. And sometimes homeowners who would like to sell and move up to something better keep waiting until they can get a higher price for their house.
Sounds reasonable. Interest rates do fluctuate a little and obviously if you get more money for your present house you can afford to buy a bigger move-up house. But sometimes obvious things are wrong. In fact, the old real estate adage, “The best time to buy or sell a home is always now,” is usually right.

That’s because there is a self-leveling factor in most real estate transactions. The weeks and months spent waiting for a lower interest rate, even if it comes, can be canceled out by a home’s higher price.

People sometimes wait for prices to go up before selling their homes. But if prices do rise, the extra $2,000 they may gain on the sale of a $100,000 home translates to an extra $4,000 on the cost of a new $200,000 home.

02

Apr

MLS What? Did you know?

That I can show you any house on the Story or Boone County Multiple Listing Service (MLS)! So if you see a sign in the yard from another brokerage I can show it to you!

What is the MLS?

The MLS is a database of real estate property listings used to maintain and disseminate listed properties. This is where real estate agents exchange information about the availability of a property for sale. Details include address, how to set up showings, square feet, number of bedrooms and baths, room sizes, garage, acreage and price. The MLS is for MLS members, and to be an MLS member, you must be a licensed real estate agent.

HURRY!!! $8,000 Tax Credit to end soon!

You must have an offer in place by april 30th in order to receive the $8,000 Tax Credit! For more information feel free to contact me!

Check out this great home in Ogden, Iowa

Spacious 3 Bedroom, 2 Bath ranch home. Open floor plan. Spacious lot. Great 2+ garage. Lots of storage space & workshop in basement. Main floor laundry. Family room & potential 4th BR in basement. For More Pictures, virtual tours and information visit www.MillerandClark.com!

TRIPLETT REAL ESTATE
Kaylyn Ann Clark
410 FIFTH ST.
AMES, IA 50010

kaylyn.clark@gmail.com

Licensed In the State of Iowa

30

Mar

Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become character. Watch your character; it becomes your destiny
Frank Outlaw, Actor
DID YOU KNOW…
That your rent payment might be as much as a mortgage payment?
A $100,000 home can have a payment of $615 that is some pretty cheap rent to pay!
WHY RENT WHEN YOU CAN BUY?
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours - a home where your own personal style will tell the world who you are.
For mortgage calculators visit www.millerandclark.com go the resources tab then choose the calculator you wish to use! that easy!
Ask me for help when purchasing your first home!
*Payment may not be fully accurate due to interest rate changes and other factors. This payment was figured on a 30 year loan at 6.5%. Some information is from hud.gov

DID YOU KNOW…

That your rent payment might be as much as a mortgage payment?

A $100,000 home can have a payment of $615 that is some pretty cheap rent to pay!

WHY RENT WHEN YOU CAN BUY?

A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours - a home where your own personal style will tell the world who you are.

For mortgage calculators visit www.millerandclark.com go the resources tab then choose the calculator you wish to use! that easy!

Ask me for help when purchasing your first home!

*Payment may not be fully accurate due to interest rate changes and other factors. This payment was figured on a 30 year loan at 6.5%. Some information is from hud.gov

Follow the adventures of Bob and Sally as the learn about the now extended Home Buyer Tax Credit worth up to $8000 for first time buyers and $6500 for existing home owners. 

Think Before You Act

A QUICK DECISION USUALLY DENOTES AN ALERT MIND.

Successful people are decisive. They don’t agonize over decisions and thereby miss out on a great opportunity. They gather the relevant information, discuss alternatives with advisers whose opinions they respect, and then make a decision and get on with it. Indecision creates the worse kind of paralysis and, left unattended, can permanently damage you and your organization. If you have trouble making decisions, remember that there are few decisions that are irreversible. If you later discover that you were wrong, correct your course and move on.

-The Napoleon Hill Foundation

29

Mar

First Time Home Buyer Tax Credit Questions Answered

First Time Home Buyer Tax Credit Questions Are Answered On This Website. It is a great resource for those who do not know how the credit works or if they are eligible.

If you can conceive it and believe it, you can achieve it.
rev. Jesse Jackson, civil rights leader, minister, and politician

28

Mar

Bloggity

So this is my first Real Estate post. I have started this new adventure with vigor and excitement! I will be posting Real Estate facts and other fun things with home ownership on here. Somethings you may already know and others you might not! Enjoy! Kaylyn Clark- Real Estate Agent