Rates are Bumping UP!

Good afternoon Sunshiners!

Here’s a look at the bump in rates since the beginning of the year. Thanks to our friend, Rick Whisman, for the rates and continuous follow up! Rates are slowly rising, give us a call TODAY to see how we can help you. Don’t forget to mention you heard about us on the blog or Facebook and ask for Ashley :). Have a Sunshine day!

THIS WEEK:

Conventional 30 year fixed                            4.250%           0 pts

Conventional 30 year fixed 3% Down           4.375%           0 pts

Conventional 20 year fixed                            4.125%           0 pts

Conventional 15 year fixed                            3.750%           0 pts

Conventional 7 year ARM                            3.875%           0 pts

FHA/USDA/VA 30 year fixed                      4.375%           0 pts

LAST WEEK:

Conventional 30 year fixed                            4.125%           0 pts

Conventional 30 year fixed 3% Down           4.250%           0 pts

Conventional 20 year fixed                            4.000%           0 pts

Conventional 15 year fixed                            3.750%           0 pts

Conventional 7 year ARM                            3.875%           0 pts

FHA/USDA/VA 30 year fixed                      4.250%           0 pts

 WEEK OF 1/9/18:

Conventional 30 year fixed                            3.875%           0 pts

Conventional 30 year fixed 3% Down           4.000%           0 pts

Conventional 20 year fixed                            3.625%           0 pts

Conventional 15 year fixed                            3.375%           0 pts

Conventional 5 year ARM                            3.375%           0 pts

Conventional 10 Year Arm                           3.625%           0 pts

FHA/USDA/VA 30 year fixed                      3.875%           0 pts

 

Advertisements

What’s the STATUS?

Hi everyone!

Lately, we have been getting a lot of new buyers, which we LOVE! One of the things they count on us for is to understand the MLS (multiple listing service) and be able to answer any questions they may have.  A common misunderstanding we come across with newbies to the real estate market is not understand status and the difference between the status abbreviations you may see on website such as Realtor, Zillow, Trulia, Homes.com, etc. Here’s a full breakdown from us at Sunshine Realty to help anyone and everyone out for future reference 🙂

A: A means active. Property is available and can be scheduled to be shown.

CN: CN stands for Contingent NO kickout. This means there is a contract on the home and it stands to be a solid contract. All that is pending is the closing of the sale. Most times, home is unavailable to be shown. If it is available to be shown, it should be in agent remarks and it is usually just to accept possible back up offers.

CW: CW stands for Contingent WITH kickout. This one is probably the most confusing to our customers. If a home is contingent WITH a kickout that typically means that the buyers still need to sell their home and the contract is contingent upon that. Most of these have a kickout clause where if a buyer comes in and wants to purchase that home, they can kick the current contract out within 48 hours if the current buyers cannot secure financing.

P: P stands for Pending. Same as CN. Contract on home and is just pending on the closing of the sale. Typically unavailable.

O: O means Option. Same as P and CN,  option is a contract on a specific piece of real estate that allows the buyer the exclusive right to purchase the property. The buyer has the option to buy the property within a certain timeline, however, the seller cannot sell to anyone else in that period.

We hope this is informative for you and that this helps you in your future endeavors. We understand that real estate can be a bit confusing and we are here to help clear any of that up for you as much as we can! Give us a call today, this week, next week or whenever you need us at 636-336-1330 and ask for Ashley :).

Have a Sunshine week everyone! Stay warm in these ranging temps 😉

-The Sunshine Team

STL lands on national list for highest real estate returns!

ST. LOUIS, MO/August 7, 2017 (STLRealEstate.News) HomeUnion, an online real estate investment management firm, released a report this week for usatoday.com in which they ranked the top 20 zip codes in the United States with the biggest return on real estate at this time.  Naturally, St. Louis found its way onto the list, which was configured by identifying zip codes that maximize real estate returns while minimizing risk over a five-year horizon.  The firm went onto examine school quality and neighborhood attractiveness for single-family rentals over the five-year period.

“HomeUnion Research Services looked at more than a dozen attributes that characterize a neighborhood including crime, schools, white-collar jobs, unemployment, home-ownership, permitting activity, and more,” said Steve Hovland, director of Research for HomeUnion.  “Based on those attributes, we forecast appreciation, vacancy, and rent changes over the next five-years.”

The study also calculated Annualized Total Return, which includes HomeUnion’s projections for how much the value of single-family rentals will appreciate and how much cash flow they’re expected to generate in the future.  HomeUnion’s model, according to Hovland, can determine the price and rent for every single-family home within a specific zip code while enabling them to predict the price and rent in five-years.

Americans are known for investing in real estate for flipping a profit over a certain time period.  Therefore, knowing a zip code and its predicted appreciation rate is a critical tool for those looking to invest in 2017 and 2018.  To mitigate the risks, investors should focus assets that can maintain value even during downturns.

Number 20 on the list kicks off with North Indianapolis, Indianapolis with annualized total returns at 5.4%.  Next comes North Hollywood, California with a 5.4% annualized return as well.  Jumping up to number 17, Maryland Heights, St. Louis clinches the spot with 5.5% returns.  Number one is Hamptons at Boca Raton, Florida.”

Thanks to stlrealestate.news for the information!

We LOVE checklists…

Here is a helpful checklist for all you buyers who found the perfect house in a very heavy market thanks to Old Republic Title and Pinterest! Hope it helps! Have a Sunshine day!!

-The Sunshine Team

e773484e1347cc1277e30111219d4eaa

Keep your home clean & your mind at ease!

Good morning St. Louis!

Did you know that a poorly maintained home can cause up to a $20,000 decrease in value and selling price on said home? It is VERY important to make sure you keep your home fresh and in shape in order to sell your home at top dollar value. Some even say that you should keep a separate maintenance fund for your home ranging from 1%-3% of homes value. Here are a few tips of how to maintain your home that may sound obvious, but many people do not know or think of:

A. Caulk around windows, tubs, doors & sinks to make sure there is no air or water leaking through as necessary.

B. If listing, freshly paint and touch up around your home to help it appear clean and new.

C. Wipe down any baseboards and crown molding as necessary as that is an area that can layer up dust which will make your home appear dirty. Nobody wants that!

D. Replace HVAC filters as needed, usually once a month.

E. Wipe down cabinets, appliances & doors. This is an area common for gathering dirty fingerprints and spots. Simply cleaning these areas at least once a week will help your home stay clean!

F. Update or add kitchen hardware and/or backsplash. These cheaper fixes and add ons can add value to your home by making one of the most important rooms more appealing to the eye.

G. Power wash the exterior of your home. This is the first things buyers see when they pull up to your home. Don’t let them cringe at the first appearance! Power washing once or twice a year will keep your exterior fresh and appealing!

These are just a FEW tips to help you maintain the appearance of your home. They are simple fixes and just need to be done a few times a year. Make time to sell your home for more! Don’t wait until it’s time to list. These simple twice a year projects will save you a HUGE headache one you list rather than procrastinating until that time. We hope this helps brighten your day just a little bit more today :). Have a good one!

-The Sunshine Team : Ashley, Evelyn & Dana

 

 

Work with Brokerage/Agents you can TRUST!

Throughout our many years of real estate and our 3 years having Sunshine Realty open, we have come across MANY issues with clients coming to us with problems they had with other agencies. The number one quality that a home buyer and/or seller should look for in a realtor and their company should be TRUST. Same as any relationship you want to be in, you need to be able to trust the agent representing you during your home search and/or sale. Click the link shown to see an article posted in the Washington Post about how a real estate agent in Los Angeles kept information from their client. Unfortunately, this is more common than none in our business just to close a sale. Here at Sunshine Realty, we do EVERYTHING we can to help OUR CLIENTS, not ourselves. You’re selling? We cut our commission in the back end so that selling your home doesn’t put you in the dumps and it is an easier and more affordable process. Buying? We ABSOLUTELY DO NOT charge a buyer’s fee like a lot of other local real estate companies in St. Louis/St. Charles County areas. We are here to help you!

http://www.washingtonpost.com/realestate/trust-in-your-real-estate-broker-is-the-foundation-of-home-buying-selling/2013/11/27/9f12593e-3dbc-11e3-b7ba-503fb5822c3e_story.html#!

Call us today to find out how at 636-265-2801 and reference this blog post. We know it’s the holidays, so no pressure, but we are always here for more information and to make you more comfortable with whatever home process you need!

We’ll catch you soon!! 😉