Muscatine real estate – Mel Foster Co Blog

Mel Foster Co. Receives Website Quality Certification

Posted on February 17, 2015

Mel Foster Co. has been awarded the Website Quality Certification (WQC) from Leading Real Estate Companies of the World^®, an international network of more than 500 premier real estate firms. Leading Real Estate Companies of the World^®(LeadingRE) presents the certification to member companies that demonstrate best practices in website design, technology and service.

Mel Foster Co’s website, www.melfosterco.com, earned the certification after achieving superior marks on a range of measurements, including usability and performance, design and content, interactivity, customer service and Internet lead management, search engine optimization and mobile. The website was evaluated by Virtual Results, LLC, a real estate internet and social marketing firm enlisted by LeadingRE to review the websites.

WQC is a program available only to firms affiliated with Leading Real Estate Companies of the World^® and is awarded based on criteria that is updated annually to reflect the latest in internet marketing strategies. To maintain the certification, companies are re-certified every two years.

“We are delighted to recognize the 117 companies that earned the WQC this year and applaud them for creating websites that attract and engage today’s consumers, providing useful information on homes and communities and supporting them with local expertise,” said Leading Real Estate Companies of the World^® President/CEO Pam O’Connor.

“We are thrilled to receive this designation again as we continually enhance our website to ensure users are getting the best possible experience and pertinent details from our site,” said Mel Foster Co. President of Brokerage, Lynsey Engels.

For more information about Mel Foster Co., please visit www.melfosterco.com.

Why You Need A Real Estate Guru.

Posted on August 18, 2014

Are you in the market to buy or sell a home? It is important that you consider working with a licensed Real Estate Professional in order to save yourself time, money, and hassle. There can be a lot of confusion and guesswork when you are out there navigating the market on your own. Here are a few reasons why it’s in your best interest to work with a Real Estate Professional.

Negotiations

From the appraiser, to the home inspector, to the buyer, there are nearly a dozen people that you will have to answer to while selling your home. Let an agent do this busywork for you. Negotiating effectively can mean thousands more saved or earned.

Paperwork

Let an agent with experience navigate and prepare the documents needed when closing on a transaction. Missing something here or there can cost you time and money. Also, each state has different regulations surrounding the purchase or sale of a home. A Real Estate Professional has the experience needed to guide you through.

What Is Your Home Worth?

Pricing your home correctly will attract the right buyer and make sure it isn’t on the market for too long. However, you need the eyes of someone not emotionally attached to your home, to ensure the true value is assessed. The National Association of REALTORS found that, “the typical FSBO home sold for $184,000 compared to $230,000 among agent-assisted home sales.”

5 Hot Trends In New Construction

Posted on August 22, 2013

You’ve decided to build for the freedom to select the amenities and finishes that match your lifestyle and tastes. Here’s a list of five trends to discuss with your builder.

1. Smart House
Automating systems like heating, AC, security and lights can save you money. You can even control systems when you aren’t home by using your iphone.

2. Media Madness
Media rooms that only serve one function are becoming a thing of the past as home sizes shrink. Media still plays a huge role for many when deciding on a home layout, but the media rooms now have more comfortable seating, tables and good lighting. They are intended for more frequent usage than movie theater style rooms of the past.

3. Bye Bye Bulk
Smaller new homes call for smaller furniture pieces, including built ins. Consider swapping out a heavy wall of cabinets for floating shelves. Less bulky furniture also allows more natural light in.

4. Go Low
Check out more energy efficient toilets, faucets and appliances. It’s better for your utility bill and the environment.

5. Reclaim It
Go on the hunt for reclaimed materials that can be integrated into your home’s design. Look for rustic wood, light fixtures or cabinet pulls that will give your home a one of a kind feel.

Say what?

Posted on April 1, 2013

Feel like everybody’s speaking a different language when it comes to real estate? Get into the conversation and get comfortable understanding what’s being said. This short glossary helps buyers and sellers navigate industry terms.

Appraisal – the determination of the worth of something by a professional, in this case the market value of a property. An appraiser uses an analysis of local market data along with the characteristics of the property. Your bank or other lender may refuse to loan you money if the appraisal price is lower than the loan request.

Closing costs – the entire package of miscellaneous expenses paid by the buyer and the seller when the real estate deal closes. These costs include the brokerage commission, mortgage-related fees, escrow or attorney’s settlement charges, transfer taxes, recording fees, title insurance and so on. Closing costs are generally paid through escrow. Jump ahead if you’re lost after “escrow.”

Contingency – conditions that have been built in to a real estate purchase or sale agreement must be met before the sale can be completed and legally binding. For example, a buyer’s contractual right to obtain a professional home inspection before purchasing the home.

Disclosures – The seller is required to provide the buyer with certain information (disclosures). The number and types of disclosures vary by region, but they may include information about conditions affecting the value or enjoyment of the property. The seller may know of an earth-shaking construction project that is about the start around the corner, which would impact the enjoyment of the property.

Escrow – Funds, securities or other assets held by a neutral third party (an escrow company or agent) on behalf of the other two parties (in this case the buyer and the seller). The buyer will deposit the payment in an escrow account, proving to the seller that he or she will be able to uphold the other end of the deal. The escrow service will pay the funds to the seller once certain conditions pertaining to the sale have been met.

MLS – Multiple Listing Service. An MLS is an organization that collects, compiles and distributes information about homes listed for sale by its members, who are real estate brokers. All properties for sale are assigned an MLS number.

Mortgage – A loan that helps you purchase your house. You sign a contract promising to pay back the loan with interest over a certain number of years. The components of your monthly mortgage payments may be referred to as PITI: principal (the money that goes into paying down the loan), interest (which is paid to the lender for letting you borrow the money), (property) taxes and (homeowner’s) insurance.