USE A BUYER’S AGENT FOR NEW CONSTRUCTION!

Good morning Sunshine!

Today, we’d like to discuss a topic of conversation that has come up several times for both Evelyn and myself this year so far. NEW CONSTRUCTION. It has come to our attention that many buyers do not know that they can even use an agent for new construction. YES, YOU CAN. And even better, WE CAN HELP YOU with incentives, add-ons and throughout the walk through processes! We can make sure you are getting what you pay for and our commission does not hurt you in any way. It is built in to builders package and does not cost you a dime! To explain a bit more, we took to Pinterest and found this gem to help better explain why you should be using an agent to build your new dream home :). Have a Sunshine day and we hope to hear from you soon!

Need help building your dream home? Call Ashley today at 314-313-1773 or our office at 636-336-1330 and ask for Ashley!

-Ashley, Evelyn & Dana

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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

 

Real Estate & Law

Good morning and Happy Monday!

We are HUGE morning people, so we are ready to roll with the posts! We hope you are too ;). As some of you may know, real estate requires a LOT of law and legal jargon that us salespeople and brokers SHOULD be aware of! Trust me, after just passing the brokers courses and finals myself, there’s some stuff in there that I’m sure most people not in our field are unaware of. So to help everyone out a bit, I found this awesome informative Pinterest post on what sellers should consider legal wise. Hope this helps brighten your day and expand your knowledge in the wonderful world of real estate!

Have a Sunshine Day everyone!

-The Sunshine Team

Ashley, Evelyn & Dana

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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

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

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Lake Saint Louis: DID YOU KNOW???

Good gloomy afternoon Sunshiners!

Today’s spotlight is on our office neighborhood: Lake Saint Louis, Missouri. What an amazing town. 2 man made lakes, the 10 mile blvd, gorgeous parks, plenty of shopping and all the El Maguey you can eat :). Our DID YOU KNOW for today is all about Lake Saint Louis and the community association. In Lake Saint Louis, you are either in the CA or not in the CA. The CA has golf, tennis, a public swimming pool, exercise facility and access to the two lakes via the various marinas. THIS YEAR, the CA raised their yearly fees from $450 to $600. If you are buying a new home at all in the CA, your price will be raised to the $600. If you are already living in the CA, your price remains at the original $450 as long as you stay in the home. If you are in the CA, but decide you need to up or downsize and would still like to live in the CA, your fees will raise when you move. Now you know!

Have an amazing long holiday weekend everyone and stay safe and keep an eye on that bird! 😉

-The Sunshine Team

Ashley, Evelyn & Dana

Which hood fits you best?

As Realtors all over St. Louis, Jefferson, Lincon, Warren and St. Charles counties, we always get questions from clients about what neighborhoods are best, which have the highest rating schools, what location is better, etc. Below is a GREAT guide to use and let your Realtor know exactly what you are looking for. Enjoy :)!

-The Sunshine Realty Team

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