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First-time homebuyers have so many decisions to make–from where to live to choosing a lender. Fortunately, many government programs and loans are designed to support first-time homebuyers.
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The pandemic brought about some drastic changes to work, school, and our social lives. And it is still unclear how close to pre-pandemic “normal” we will ever get again. One shift we see is people deciding where to live post-pandemic.
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Putting your house on the market is an exciting experience, especially since St. Louis is a seller’s market. This means your home is a hot commodity. Buyers look for spacious, organized, and clean homes. You’ll want all areas of your home, big and small, clean and organized. Focus on clearing out and refining each area so you can sell to the highest bidder.
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The real estate market is still hot, and now, interest rates are going up again. It is more important than ever for those looking at homes to have a substantial down payment ready. (This is particularly true for new home buyers who won’t have proceeds from a house sale to start with.) Not only will this lessen the amount a buyer needs to borrow, but a good down payment makes buyers more attractive to lenders.
Berkshire Hathaway HomeServices Select Properties is excited to announce the development of its tenth office in the St. Louis region. This latest addition to our list of local offices is within the city limits in the heart of historic Benton Park. Embracing the look and feel of the neighborhood, we have renovated the building at 1924 Pestalozzi Street while maintaining its original charm and the recognizable architecture specific to St. Louis.
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There is no disputing the fact that the country has been in the midst of an exceptionally hot housing market. There is some debate, however, about whether it is a true real estate bubble, and if it is, how extreme the consequences will be when it bursts.
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A foreclosure is when the previous owners fail to make their mortgage payments and the lender takes back the property, then resells it. Buying a home that is foreclosed is often an appealing idea to homebuyers, mostly because of its typically lower purchase price. Yet doing so also often comes with a level of risk.
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There are a number of reasons why a homeowner might decide they don’t need a real estate agent to sell their house. And a home that is “for sale by owner” is not necessarily a cause for concern for a buyer. The experience can, however, be different than a traditional sale where both parties are represented by agents.
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The current housing market is so hot that it is breaking just about every real estate record that exists: Lowest inventory, highest prices, and shortest time on the market, to name a few.
So what is a buyer to do? Is buying a home in this hot housing market a mistake? Let’s look at some things to help decide whether to buy now or wait until things cool off.
31609 Stringtown Road
Foristell, MO 63348
Beautiful 7.22 ac located directly across N. Stringtown Rd from the prestigious Incline Village community with no HOA or restrictions. A completely remodeled 1,125 SQ FT manufactured home is situated on the front .85 ac section, right on N. Stringtown Rd, previously used as a rental unit and now being sold as is. The rear 6.37 ac section is the perfect spot on which to build your dream home! Rolling wooded hills, privacy, road access right off N Stringtown Rd at Tedeschi Place Rd which runs along the property’s entire southern edge, and… that’s not all! In addition, the owner is willing to negotiate in a non-buildable Incline Village, Lot #803. This lot provides full access to all the IV amenities, including boating, skiing, tubing and swimming in the 220 ac lake, pool, volleyball and tennis courts, community center, golf, clubhouse, and more! Have the best of both worlds, build your dream home in the unrestricted county with the opportunity to have the leisure-time lifestyle to match!
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