January 2015 – Mel Foster Co Blog

Top Three Tips For First Time Buyers.

Posted on January 31, 2015

Buying your first home is an exciting adventure. However, there’s a lot of your money on the line, so you’d better be prepared. Avoiding mistakes and getting guidance from seasoned professionals will ensure the process goes smoothly. Here are a few tips to help you make the most of your time and efforts when starting the home buying process.

Know What You Want and Do Your Research

This is one of the most important steps. What are your must-haves in your new home? What are you willing to compromise on? The more prepared you are before you start to look at properties, the easier it will be to pinpoint the perfect home. Also, with the power of the Internet, you have a wealth of information at your fingertips. Focus your search on the neighborhoods you are interested in and learn as much as you can about the surrounding area. Use the interactive search map to zoom in on neighbors and see what’s for sale.

Get Preapproved

Talking to the bank prior to getting a mortgage will give you a leg up when you start looking at homes. Your lender will be able to assess your finances and let you know how much house you can afford, and give you an idea of what percentage rates you might expect to receive on your loan. Making an offer with a bank’s preapproval may give you the upper hand if it’s a competitive offer situation.

Work with a REALTOR^®

Your agent can be your right hand man or woman when it comes time to start your search. Your agent can help you narrow down your options so you aren’t wasting your time with homes that don’t fit your needs. Their job is to help you find the home you want, and help you negotiate a fair asking price. Your agent can also help you navigate the paperwork, which can be overwhelming for first time buyers. Click here to find a Mel Foster Co. agent to start your home search.

MEL FOSTER CO. CELEBRATES SALES GROWTH

Posted on January 30, 2015

Mel Foster Co. held its annual awards reception last night at the Waterfront Convention Center in Bettendorf, Iowa. Rob Fick, President & CEO, Lynsey Engels, President Real Estate Brokerage and Marc Engels, President of Mel Foster Insurance, presented awards to 115 agents who were recognized for achieving membership in the company’s different sales club levels including Chairman, Executive, President and Honor. Top honors were awarded to:

Thad DenHartog – Commercial Top Sales

Diana Franks – Residential Illinois Top Sales

Brad Boeye – Residential Iowa Top Sales

Mike Smith – Insurance Top Producer

Dedicated agents and staff are the foundation for success at Mel Foster Co. Inc. Building on the momentum of a strong 2013, Mel Foster Co. Inc. had a solid 2014, including an exceptionally impressive year for Mel Foster Commercial Real Estate Services. Combining all three divisions of Mel Foster Co. Inc. (Residential Real Estate, Commercial Real Estate and Insurance), the total sales volume increased by over 4 percent from 2013 which is a record year.

Mel Foster Commercial Real Estate Services set a new company sales record with a 31 percent increase over last year’s record sales volume. Lynsey Engels reported that the brokers of the commercial division closed an average of over 10 million dollars per broker. She praised the commercial division and said, “This past year was phenomenal for our commercial division, the best total sales volume recorded in our history. Based on the year’s closed commercial transaction production, our commercial division ranked number one in the CMLS (Commercial Multiple Listing Service) for 2014 capturing over 43 percent of the total commercial sales volume. Many of these 2014 transactions will have a significant impact on the future growth and development of the Quad Cities and surrounding region and that is something we are very proud of.”

Mel Foster Co. residential real estate ranked number one in the Quad Cities MLS with over one third of the total sales volume for this region. The average 2014 sales price for Mel Foster Co. residential real estate was $152,885, an increase of 3 percent from last year.

New construction continued to be good for the Quad Cities housing industry. Last year, Mel Foster Co. residential real estate predicted new construction sales to be strong in 2014 and that forecast met this expectation. Lynsey Engels said, “We positioned ourselves to meet the new construction demand in our region by launching four new subdivisions in 2013 and we closed 43 new residential lots in those subdivisions.”

Mel Foster Insurance continues to build off of a record setting year. Marc Engels commented. “Any time you reach new levels, the big question is can you keep the momentum going. Our continued success can be attributed to our staff, producers, and the local clientele we work with each day.” In 2014, results continued to trend upward as direct written premiums grew 8 percent, policy count was up over 6 percent, and the agency added 791 new clients. With a range of product offerings from Personal and Commercial Property/Casualty to Employee Benefits, Mel Foster Insurance saw positive contributions from all departments this past year. Marc Engels also stated, “We continue to focus on innovative solutions, while remembering that most importantly, our clients want a customized, personal insurance experience. When you look back on the year, you realize that the accomplishments our division is most proud of don’t show up on the financials, but in our role as a community stewards.”

“In 2014, we welcomed 41 new agents and staff, and 12 individuals are enrolled in our upcoming pre-license classes. With job creation continuing to increase, mortgage rates falling, and healthy increases in home sales prices, the outlook for the housing market in 2015 looks bright,” commented Rob Fick. Optimistic about Mel Foster Co.’s future, Engels also mentioned the hiring of its Director of Business Development to continue the emphasis on recruiting and training new agents with exceptional education programs and tools. Engels added, “The agents are the true lifeblood of our company’s success so it is a key focus to ensure they have great technology and training opportunities to provide the consumers with the best experience.”

Start A New Winter Tradition.

Posted on January 18, 2015

Are you a snowbird? Do you “fly south” for the winter? Why continue to rent, especially if you find yourself returning to the same place year after year. Try using Mel Foster Co.’s free relocation services to help you find and purchase a second home in your favorite winter destination. Our vast network of contacts will help you find an agent wherever you spend your winter.

Here are just a few things that we offer:

Help you find an agent in another state
Provide cost of living comparisons
Help you find a mortgage company

While you’re basking in the sun in your winter get-away town, thoroughly survey your favorite neighborhoods. How’s the traffic when the population is at its winter peak? Are stores or restaurants more crowded at certain times of the day? This information will give you an idea of what to expect during winters to come.

Ask your agent about renting out your winter home in the months that you’re away to generate more disposable income. If you pick the right property, it may pay for itself.

Contact a relocation specialist and start making connections in your winter community.

Mel Foster’s Color the Quads Registration Opens Today.

Posted on January 15, 2015

Color the Quads Registration Now Open

Mel Foster’s Color the Quads 5K and Kids Color Dash will be back in 2015 with a twist or two, and registration is opening early to give participants plenty of time to sign up and opportunities to save with early entry.

The Color the Quads 5k will take place Saturday, May 30, 2015 at 4:00 p.m., Cumberland Square at 2300 Spruce Hills Dr., Bettendorf, Iowa. The early registration fee is $35 until February 20, and changes to $40 for participants after February 20, and $45 for participants the week of the race. Easy group registration and rates are available at www.colorthequads.com. The registration fee includes race entry, t-shirt, XPAC pre-race color explosion, invitation to the Tri-City Electric Co. after-party and swag bag. Registration opens with the early discounted rate on Thursday, January 15, 2015 at www.colorthequads.com.

The American Bank & Trust Kids Color Dash cost for all entrants is $20. This 400-yard dash and one mile fun run is at 11:00 a.m. on May 30, 2015 at the Veteran’s Memorial Park (Band Shell area) in Bettendorf. There will be a kids’ after party with food sponsored by Tyson Fresh Meats and fun for children and their families.

Color the Quads is a unique race that allows runners and walkers to get blasted with bursts of color powder on the course. There are two new color race stations being added in 2015, increasing the colorful fun. At the foam station, participants can run or walk through walls of colored foam. At the new “paint” station, volunteers will have fully loaded squirt guns to color every runner/walker. Runners and walkers will also enjoy more music around the new route.

The 2015 Color the Quads event benefits three local organizations, Bethany Home for Children & Families, Gigi’s Playhouse, and Hand-in-Hand. The event brings colorful happiness to our community AND helps out local charities.

Mel Foster Co. is the presenting sponsor and American Bank & Trust is the kid’s race sponsor. The pre-color explosion is sponsored by XPAC and the after party is sponsored by Tri-City Electric Co. The event’s color explosion sponsors include Active Endeavors, University of Iowa Community Credit Union and Vollertsen, Britt & Gorsline P.C. Color Burst sponsors include Build to Suit, Hawkeye Paving, KWQC-TV 6, Pear Advertising, Prairie Pella Windows & Doors, Quad City Times, Radon Solutions, Terrostar Interactive Media, Victorystore.com, Mickle Communications, Tyson Fresh Meats and TMI Total Maintenance Inc. Additional sponsorship opportunities are still available.

For more information, to sign up, to volunteer, or to become a sponsor, visit www.colorthequads.com.

Mel Foster Commercial Real Estate Services Top in CMLS

Posted on January 11, 2015

Mel Foster Commercial Real Estate Services is pleased to announce its office ranked number one in the CMLS for 2014. Based on 2014 closed commercial transaction production, Mel Foster Commercial Real Estate Services captured over 43 percent of the total volume with $105,044,165 in closed sales.