Mel Foster – Page 16 – Mel Foster Co Blog

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.

Search Listings From Your Warm Car.

Posted on December 29, 2014

Find homes with the Foster Finder — Mel Foster App

Searching for a home can be a real drag in the winter. It’s cold, snowy and just not fun. If you are looking to buy, you can use Mel Foster Co.’s free app, Foster Finder, to search with your smart phone without leaving your warm car. Your phone’s camera and GPS technology show all homes for sale around you. All you need to do is drive to the neighborhood where you to live. It goes without saying, you shouldn’t be the one driving while you’re using the cool app.

You can download the free app for either iPhone^® or Android^TM devices. Just go to your phone’s app store or find the links by clicking here. Install and launch the app. Click on Foster Finder at the bottom right of your screen and see all homes for sale, from every listing company, right on your screen.

The Foster Finder is a great mobile tool when you have a target neighborhood but aren’t sure what’s for sale. Just drive to your desired location and use the app to show you the listings. It’s cool and saves you a ton of time.

Want to be closer to your kid’s school? Head over there and use Foster Finder to uncover all of the listings. You can do the same from work or your favorite hang out or restaurant.

Using Foster Finder is the smart and easy way to search for homes in every season.

Where Gen Y Buyers Can Find A Diamond In The Rough.

Posted on December 21, 2014

When shopping for a home, check out transitional city neighborhoods that might just be on the verge of revitalization. You might find a great price or a really unique home that’s in the middle of the action. There are several reasons why you should consider all of your options when searching for your new home.

Urban neighborhoods are home to coffee shops and corner stores. Boutiques and other quirky shops can add the character you might be missing in a traditional suburban setting.

Young couples or singles, who aren’t ready to give up a thriving nightlife, are often drawn to downtown lofts, converted warehouse spaces or even upper floors of shops and restaurants. Living downtown may give you more opportunities to make friends who are your age.

Many times, living in an urban area gives you easier access to public transportation that could significantly reduce your annual transportation budget, if you’re fortunate enough to no longer need the use of a car.

Farmer’s markets and food co-ops are also becoming very popular in urban areas. With access to organic and farm fresh food, your health and wallet could be thanking you. Another point of consideration is that living in densely populated areas gives you the potential for exposure to other ethnic groups and cultures. New and interesting food and customs could become just another perk of your new neighborhood.

Downtown homes or lofts are often smaller than homes out in the burbs. This means less to clean, a smaller yard or maybe no yard to mow, and your utility bill may be smaller in a smaller home. You have your whole life to move out to the suburbs. Look around your downtown for the hot spots that fit your budget and style.

Count on a Mel Foster Co. agent to help you identify up and coming neighborhoods and the programs that may make homeownership more affordable to you. Find an agent at your local office.

Mel Foster REALTORS® Receive Honors

Posted on December 8, 2014

Mel Foster Co. agents were honored by the Quad Cities Area REALTOR® Association during their Annual Holiday Party and Installation of Officers held on December 5th. Congratulation to Dave Maubach of the Bettendorf office, Scott Kelling of the Davenport I-74 office, and Herb Thompson of the Moline office.

Dave Maubach was named REALTOR® of the Year Award for his exceptional real estate services. Dave started his career in real estate with Mel Foster Co. almost 20 years ago in 1995. He is licensed in Iowa & Illinois. He is a Member of the Quad City Area REALTOR® Association, Iowa Association of REALTORS®, Illinois Association of REALTORS®, the National Association of REALTORS® and the Quad Cities Builders & Remodelers Association. Dave is a current board member of the Quad City Area REALTOR® Association. He is a past board member of the Neighborhood Housing Services, mentor at Big Brothers Big Sisters and volunteered his time for Davenport Youth Baseball for many years.

Scott Kelling received the prominent REALTOR® Emeritus Status by the National Association of REALTORS®. The REALTOR® Emeritus Status is for a REALTOR® with a cumulative period of 40 years in one or more local Association of REALTORS®.

Scott is licensed in Iowa with 40 years of real estate experience and all of those with Mel Foster Co. He received Mel Foster Co.’s Iowa REALTOR® of the Year in 2010. He is a Member of the Quad City REALTOR® Association, the Iowa Association of REALTORS®, the National Association of REALTORS®, Quad City Chamber of Commerce and American Political Science Association.

He earned his master Degree from Vanderbilt University and served on the City of Davenport Plan and Zoning Commission, was past Director of the Davenport Chamber of Commerce, past President of the Great Davenport Board of REALTORS®, and a veteran of the United States Army.

Herb Thompson received the prominent REALTOR® Emeritus Status by the National Association of REALTORS®. The REALTOR® Emeritus Status is for a REALTOR® with a cumulative period of 40 years in one or more local Association of REALTORS®.

Herb has over 40 years of real estate experience, 26 years at Mel Foster Co., and is licensed in Illinois and Iowa. He is a Member of the Quad City REALTOR® Association, Illinois Association of REALTORS®, and the National Association of REALTORS®. Herb served as President of the Rock Island County Board of REALTORS® in 1986 and received REALTOR® of the Year award in 1987.

Since 1980, Herb has been a member of the Moline Rotary. He is a past Board member and past president of the YMCA, Salvation Army Board Member, High School Teacher and Coach for 22 years, and a Veteran of United States Air Force.

Turn A Vacation Rental Into Your Second Home.

Posted on December 8, 2014

Turn a vacation rental into a second home!

Vacation home sales are on the rise, with many people buying for a vacation home to use now and retire to later.

Second home buyers tend to be in their 40s and 50s, are still working, have children who are starting their own families and no obligations to care for aging parents. They are using their vacation home as a meeting place to gather everyone during holidays or other significant family holidays.

When the home isn’t being used, it generates rental income. In some locations, the rental fees can completely cover the mortgage, taxes and fees of homeownership, giving you a vacation home for free that can eventually become your second home in retirement.

Purchasing a vacation home where you’d eventually like to retire allows you to establish community ties for a smooth transition into retirement later. It’s also a great trial run. It gives you a glimpse into where you might want to spend your golden years before the time arrives and you have to make a firm commitment.

There are also financial benefits to owning a second home. First is the appreciation that will happen over time, especially if you purchase in a popular resort area. However even modest appreciation over time is acceptable given all the benefits of second home ownership.

Mel Foster Co.’s relocation division has connections to help you find a second home anywhere in the world. Contact a relocation specialist at 800-367-1134.

Get Your Finances In Order.

Posted on November 19, 2014

One of the smartest things you can do before buying a home is getting yourself pre-qualified. By getting pre-qualified, you’ll get an idea of what your mortgage might cost, ahead of time. This can help you prepare your budget, set your expectations and strengthen your confidence to negotiate when you’re ready to make an offer.

What is pre-qualification?

Pre-qualification gives you an estimate of what you could potentially borrow. It is based on information you give on your income, assets and credit. Many times a pre-qualification can be done online and is offered by many lenders at little to no cost. It is however just an estimation, and not a guarantee of any type of loan.

Why get pre-qualified?

Once you know how much of a monthly payment you are able to afford, and you’ve figured out a budget for yourself, a pre-qualification will allow you to estimate a loan option to fit your needs. You’ll also have a better idea of which homes you can afford during your search.

What documentation do I need in order to get pre-qualified?

You will need proof of income, this could include recent pay stubs, or W-2 statements from the past two years. You should also bring a copy of your tax return for the past two years, as well as proof of any alimony or additional income. You’ll also want to bring proof of your assets, including bank account statements to show you have the money for a potential down payment. Don’t forget your driver’s license and social security card, as the lender will need these to access your credit report.

Pre-qualification can help you be fully prepared to purchase that home you’ve been eyeing. You can get a head start by using the mortgage calculators to determine your monthly payment, figure out how much home you can afford and make a decision about renting versus buying.

An Older Home As A Green Alternative.

Posted on November 9, 2014

Call it recycling on a grand scale. Homebuyers who want their purchase to be more environmentally friendly are turning to older homes instead of building new. In fact, architect Carl Elefante coined the phrase, “the greenest building is the one that is already built.” What he meant by that is that environmental resources that would be used to build a building’s replacement are often times spared by restoring or repurposing an existing structure.

Did you know that it can take up to 80 years for a new, energy-efficient building to overcome the energy and climate change impacts caused during the construction process? Building reuse offers significant environmental savings when compared to the energy consumption of demolition and new construction.

Older buildings constructed prior to reliance on mechanical heating, cooling and lighting systems utilize what nature offers as part of their design. This can help reduce your energy use, helping you save on heating and cooling your home.

Go green and consider purchasing an older home that just needs a little TLC. Use the option to search by Year Built by clicking here to find a home you can recycle.