7/06/2009

Storm Lak, Iowa - Star Spangled Spectacular

Hundreds of people converged on the parks, enjoyed the parade, food,fun and fireworks in Storm Lake, Iowa over the 4th of July. Lots of visitors came home with their families to experience a little taste of hometown. I saw people from Alta, Cherokee, Newell, Aurelia, Schaller, Spencer and a lot of out of state vehicles.
Veterans were front and center in the parade and standing applause was given to each parade entry featuring the military. A new group interestingly named the TEA Party (Taxed Enough Already)had an entry. The TEA party consists of people protesting the massive spending programs started by the Obama whitehouse. Several links to them: Tax Day Tea Party and Societism.org
Summer is finally here, heat, sun and wind. Oh well, it could be winter. Thanks for checking out the update. Check back a new market report is coming, and news on closing costs and loan fee transparancy.
Have a good week!!!


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5/27/2009

New Septic System Ruling Delay Vetoed by Governor

SEPTIC TANK INSPECTIONS EFFECTIVE JULY 1, 2009!








The governor vetoed a one year delay in the implementation of the septic tank inspection law. As of July 1 THIS YEAR, all septic tanks, unless exempt, will be required to be inspected and not present an unsanitary condition prior to the county allowing or recording transfer of title.

Alert your sellers and buyers on this new requirement!

If a property closes after June 30, this regulation will be effective.

Any questions may be directed to:
Mr.. Daniel Olson, R.S.
Environmental Specialist Senior
Onsite Wastewater Program
Iowa Dept. of Natural Resources
502 E. 9th Street
Des Moines, Iowa 50319-0034

515-281-8263
fax: 515-281-9985

E-mail: daniel.olson@dnr.iowa.gov

Key provisions of the code (IA Code section 455B.172) ---

Certified inspection report must be filed with the county, or in the event weather or other temporary conditions prevent inspection, buyer must bind themselves to conduct an inspection at a practical time and be responsible for any required modifications to the septic system.
Know exempt properties, most of the type of transfers exempt under the property disclosure law are also exempt for the inspection law, including court ordered transfers, foreclosures, bank repossessions, estates, guardianships, conservatorship and trusts, joint tenants or tenants in common, intra-family transfers, between divorcing individuals, and properties intended to be demolished or razed.
If the owner can provide documentation of the tank being properly pumped within three (3) years prior to inspection by a commercial septic tank cleaner licensed by the DNR, as long as it includes the size, condition and its components- it would be exempt from inspection.
If the tank is failing or improperly functioning, it shall be renovated to meet current construction standards. the costs and responsibility shall be paid by either the seller, or within a time frame set by the county or DNR, the buyer.
If, after inspection, the system is found to be properly treating wastewater and not creating an unsanitary condition, the system is not required to meet current construction standards.
An inspection is valid for two (2) years for any ownership transfers during that period. Abstracts for properties with septic tanks shall include documentation of the requirements of this law.


Link to the Iowa Code
http://coolice.legis.state.ia.us/Cool-ICE/default.asp?Category=BillInfo&Service=Billbook&ga=82&menu=text&hbill=SF261 Detailed administrative rules enacted by the DNR -
http://www.iowadnr.gov/water/npdes/files/final69.pdf




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First Time Home Buyers

Are you a first time home buyer; if you are you have a limited time to take advantage of the up to $8,000 tax credit. A lot of misunderstandings are out there concerning this program, here are the facts:
1) You need an Adjusted Gross Income (AGI) of less than $150,000 - how do you know that? If your combined income (spouse and you) is less than $150,000 you qualify it your combined income is over $150,000 call your tax advisor, they will know!

2) Have you and your spouse owner a home in the past 36 months?

3) Do you plan to stay in residence for at least 3 years?

If you answer yes to all the above questions, now is the time to buy!

Why should you buy now other than to take advantage of the up to $8,000 tax credit?
Interest rates are lower than they have been for the last 50 years.
Many homes are on the market - a lot of very good deals out there!
You've heard buy low and sell high - well it's the same for real estate, in many areas inventory is up and prices are down. Many good buys are available, in our area. You may qualify for up to $8,000 in tax credit - that's just icing.

How does the tax credit work - a tax credit is not a tax deduction. This specific tax credit does not reduce income that is subject to tax - that is a tax deduction, it is a dollar for dollar reduction in tax liability. An example of how these differ is an $8,000 tax deduction would result in a $2,240 tax savings for a 28 percent taxpayer. But, an $8,000 tax credit would result in $8,000 in tax savings for the same 28percent taxpayer.
Still have questions, please call me 712-574-5426 and I will walk you through it. Now is not the time to sit on the fence if you qualify for this tax credit, it is scheduled to be gone on December 1, 2009. That means you have to have the property closed by that date.
source Pat Zaby, CRS, CCIM, speaker at 2009 IAR Annual Convention. www.patzaby.com

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5/13/2009

105 Peterson Street - New Listing in Alta Iowa







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Check out this beautiful large home in Alta, construction is nearly complete on this 4 bedroom 2 and a half bath home. If you are a first time home buyer call me to see if you can take advantage of the new Tax Credit, this home also has a tax abatement for 2 years, high efficiency furnace and energy star appliances. The master suite is on the main level as is the laundry, the additional 3 bedrooms are on the second floor. A new deck is located just off the large living room and is very handy for entertaining. The home has a warm open and feeling and it is wonderfully designed for either a family or a single who entertains.
Call me Georgia Weaver at 712-574-5426 to see this home or email me at Georgia@SLRealtyCheck.com

Selling Your Home? See the Top 5 Wants Consumers Have in Kitchens




The kitchen is the heart of the home and many people are looking for open spaces that can be used for entertaining and cooking. How does your home compare with the top 5 items consumers want?

#1 Walk-in Pantry - 86%

#2 Kitchen Island - 80%

#3 Built-in Microwave - 72%
#4 Drinking Water Filtration - 69%

#5 Special Use Storage (custom-made for appliances) - 66%

If you are thinking of remodeling your kitchen keep these items in mind, especially #'s 1-3 for the Alta and Storm Lake Iowa area. I am working with a couple of new construction homes and we are working hard to get most consumers wants incorporated into the plans. We also look at a color scheme that evokes warmth and homey feelings. The kitchen and the bathrooms are the most expensive areas of your home to remodel so it pays to get it right the first time. If you are not buying or building new and would like some ideas give me a call, I do remodel properties and assist in staging homes prior to putting them on the market.




The keys to a desirable kitchen are ease of use, good quality cabinetry, flooring, appliances, counter tops, adequate storage, and a presentation of the space that allows the buyer to "see" themselves in the space cooking and entertaining.










Selling Your Home? See the Top 5 Wants Consumers Have in a Bathroom






Top 5 Bathroom Features Consumers Want Today



#1 - Linen Closet - 89%



#2 - Exhaust Fan - 88%



#3 and #4 - Separate Shower Enclosure and Water Temperature Control - 79%



#5 Wirlpool Tub - 66%

How does your house stack up; if you have any questions or are thinking about adding some of these items call me to see if it will halp you sell and what percentage you can expect to recoup from the project. Georgia Weaver 712-574-5426.





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4/07/2009

Friends Helping Friends





















Saturday we all got together to help the Pedersend put the first coat of mud on their basement drywall. Below are some pictures, somehow Joyce and Ronnie didn't get in any of the pictures. Oh well, we are going to be back over tonight, the camera will be ready!

Involved are Bred and Cindy Pedersen, Joyce Rydstrom, John Hase, Matt Younie, Gary Launderville, Ronnie Weaver and Georgia Weaver. Friends helping friends is such a wonderful thing, it makes any work go faster and easier. Not to mention the cookies that always seem to appear.









3/30/2009

New Income Property For Sale in Storm Lake, Iowa



Check out my new listing, commercial property located on Lake Ave. in Storm Lake, Iowa. Great income and an increase in income potential is very real. Established reatil store on main level, 2 apartments on second level, and a full basement. The second level could be expanded into 3 possibly 4 apartments for an increase in income. Go to http://www.slrealtycheck.com/listings.html to see it as a featured property. Call me for a tour and for additional information. 712-574-5426.













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2/18/2009

Stimulus Package the Answer? Not by a long shot!

Powered by FeedBurnerIs anyone else out there concerned that we (Americans) are rewarding unscrupulous business practices. We are paying to keep banks afloat that simply made very poor, greed motivated loans to thousands of consumers that also made very poor greed motivated decisions? Not to mention the Golden parachutes or the other upper management compensation packages the average Joe is paying for.
I don't think the American public (Tax Payers) should be bailing out banks - depositor's yes, but the owners of the banks who are in a big part responsible for this mess, no. Let the banks fail, the depositor's can get their money through the FDIC. If these poorly managed and obviously poorly or not at all supervised banks fail - guess what - there will be new business opportunities for new banks to form. Hopefully, the "new" banks will have learned from the current banks mistakes and greed. I believe the banks that perpetrated these bad loans and didn't check borrowers credentials should go under, if we reward them and keep the in business, it will happen again. In fact, take a look back in history when a lot of savings and loans did fail, what was that the 70's? What is going to happen to those who didn't make bad greed based decisions - they will pay for the others who did. How, higher interest rates for home mortgages, higher taxes, inflation - sounds a little like socialism to me.
I may be mistaken but I always thought the strength of our country was in part based on the fact that competition made businesses and our economy stronger and benefited the consumer.
The auto industry is another HUGE failure, why did it take the Toyota Prius to get the the American auto makers off their butts. I guess I am suppose to believe that our auto makers aren't as smart or innovative as the auto makers in other countries, Or maybe it has something to do with ties to big oil. I know we have and have had for some time the ability to produce autos that get great gas mileage, are less expensive, are better for the environment and run on various fuels or are electric. Why should I pay to help a dinosaur stay in business when that dinosaur has already demonstrated it is not committed to be a viable business and industry? It pays to know history, if we ignore history all we will do is repeat it until the Great Country of America utterly fails. I say the Great Country of America with a lot of reverence, I love our country but it breaks my heart and really makes me angry to see the mass destruction and decay that has occurred just in my short life time.

National Association of Realtors Site - Tax Credit Chart

Interested in the NAR's take on the First-Time Home buyers Tax Credit, click the title to go to the chart that includes current changes. Many home buyers will qualify, if you purchased a home after April 9, 2008 check out the terms to see if you qualify for the credit.

2/09/2009

Do You Know Your Mortgage Terms? 1 in 4 don't!

Home owners are getting better at understanding mortgage terms, but according to a GfK Roper random survey of homeowners and others, 26% still don't know if they have a fixed rate, ARM or other kind of home mortgage. Still, the numbers are better than last year where 34% didn't know.
What kind do you have; are you sure?

I recently helped a client who wanted to purchase a duplex, the client insisted on using a particular lender because the lender "took care of everything last time", and they had already talked to this lender and the lender had told them this new property would be no problem.
I like to shop my buyer's good faith estimates around to our local financial institutions just making sure they get the best deal. Why, because as the survey above points out, people don't get mortgages often, they don't understand terms, and additionally as a Realtor I believe it is a service I can and should provide. The mortgage on the previous duplex had some red flags, the payment didn't match the "terms" the client said they had (payment amount too low to pay off the loan in the stated time period, loan was a fixed rate).
They brought the mortgage documents in to my office and guess what - it has a balloon! They were not happy, and once they understood they were barely paying on the principle they started looking for a local lender to refinance. But, they had obviously signed the documents- so what happened. Had they just forgotten; I don't think so but it is possible. What is more probable however is that they were intimidated by the jargon and the paperwork and just signed and initialed where they were told to.

Maybe you should pull out that paperwork and take a good look at it again, and if you are thinking about buying go on line and learn, learn, learn. Also, ask a person who should be very familiar with the various mortgage products and programs - your Realtor.

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1/19/2009

Pictures of Storm Lake Iowa in the winter

Storm Lake Iowa is a winter wonderland.

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Come and take a look at the beauty of nature in the winter here in Storm Lake Iowa.

12/04/2008

217 Buena Vista Street, Alta Iowa - Christmas Open House


Do you know what an Italianate Victorian home is, would you like to see one? Come by 217 Buena Vista Street in Alta this Saturday between 2 and 5 and take a look at this gorgeous home. It will be decorated for Christmas and we will be serving hot cider and of course Christmas cookies. I have the very lovely and talented Bonnie Lewis helping me with this project and she came up with the brilliant idea of holding the open house in formal attire. No we aren't going to be dressed as 2 Mrs. Claus. It should be a great time for all, if this Saturday doesn't work for you give me a call and I will set-up a tour at a time that is more convenient.



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Silver Lining to this Housing Market - Yes Indeed!

Home prices are coming down and so are interest rates. That is a very good turn of events for potential home buyers. The difference between now and 2 years ago, it is much harder to qualify for a mortgage. Two years ago if you had a heart beat you could get a mortgage, no verifications of income or assets needed. If you are a potential first time home buyer - even better! You will need an income, good credit, a good down payment and your own closing costs.
The criteria listed above is not a bad thing, it is a very good thing. If you are preparing to buy a home you will need at the least fair money management skills. Keeping a job, saving for a down payment, paying your bills on time, living within a budget and planning for the future are all prerequisites for being a mature responsible member of society.
If you are one of those members of society now is quite possibly the best time of your life to buy a home.

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10/19/2008

How Green are You?

Green living is happening all over, we are a little slower here in Storm Lake and Alta Iowa but I am beginning to see some progress. Lots of people are very interested in saving money and the environment.

Check out the Green Links for just about everything:
There's sure to be at least a few that will be helpful, if you have favorites of your own please share them here too!

Green Business Guide - http://www.business.gov/guides/environment/
Best Green Blogs - http://www.bestgreenblogs.com/category/green-guides/
Green Auto Guide - http://www.cars.com/go/crp/buyingGuides/green/index.jsp
Save Gas Now - http://beyondoil.nrdc.org/fuel/gasprices
How to Reduce Your Energy Consumption - http://www.nrdc.org/air/energy/genergy.asp
Energy Efficient Appliances - http://www.nrdc.org/air/energy/fappl.asp
Recycling 101 - http://www.nrdc.org/cities/recycling/gsteps.asp
7 Steps for Creating Eco-Fabulous Interiors - http://www.nrdc.org/cities/living/gdesign.asp
Consumer Guide to Water Water Purifiers - http://www.nrdc.org/water/drinking/gfilters.asp
How to Go Green Bathroom Renovation - http://planetgreen.discovery.com/go-green/bathroom-renovation/index.html
How to Go Green Home Renovation - http://planetgreen.discovery.com/go-green/home-renovation/index.html
Green Natural Skin Care - http://planetgreen.discovery.com/go-green/natural-skin-care/index.html
Green Cleaning - http://planetgreen.discovery.com/go-green/green-cleaning/index.html
Green Lighting - http://planetgreen.discovery.com/go-green/green-lighting/index.html
Pellet Stoves - http://planetgreen.discovery.com/buying-guides/green-pellet-stoves.html
Consumer Reports Green Choices - http://www.greenerchoices.org/pcategories.cfm?pcat=appliances
EcoBroker - http://www.ecobroker.com/

One big way to be green - blog, it saves a lot of trees!

I am also interested in green alternatives to weed control, we bought an acerage this year and it has an abundance of weeks. I would rather not use nasty chemicals because I do have a large garden.




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Lustron - Rare Architectural Example in My Backyard

I came across this interesting home when I moved to Alta and once I became a REALTOR I found another one in Storm Lake. While doing some research for a very special Italianate home (which is a sub class of Victorian architecture) I saw a picture of one of these homes. The homes are called Lustron homes they are made out of steel, everything is steel - even the walls on the inside. Is that cool or what?? They are prefab homes built in 1949 and 1950 and I found out there are a number of them where I live (Midwest) and now I am sharing them with you! If you would like to learn more check out the book Lustron: The History of a Postwar Prefabricated Housing Experiment (McFarland & Co., 2001).


Here is a link to find out more online - The Midwest Office of the National Trust for Historic Preservation has created a Web site, http://www.lustronpreservation.org/, for more. Stay tuned for more pictures and more info.

10/17/2008

Iowa Statewide Housing Statistics


The Iowa Association of Realtors publishes housing statistical information and summarizes all boards that report.

Statewide the numbers stack up like this:
Comparing 2008 to 2007


January 2008 - Median Price down 18% and number of sales down 36%,
February 2008 - Median Price down 17% and number of sales down 11%,
March 2008 - Median Price down 18% and number of sales down 24%
April 2008 - Median Price down 1% and number of sales down 14%
May 2008 - Median Price down 17% and the number of sales down 15%
June 2008 - Median Price down 1% and the number of sales down 31%
July 2008 - Median Price UP 1% and the number of sales down 9%
I expect to see these numbers getting into positive territory very soon, once the election is over and the economy stabilizes.










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Storm Lake and Local Area Housing Market Report - January through July 2008


Everyone is asking, how's the real estate market and without looking at the actual numbers I know we are down but not suffering in this immediate area. I was actually surprised at how much we are down not just in price but also in number of homes selling.

The Iowa Association of REALTORS publishes the monthly statistics on their site. The following numbers are reported by the individual Boards of Realtors, in our instance that is is United Counties Board of Realtors.

January 2008 - Median Price $52,000 down from $85,500 in 2007
Number sold 13, up from 12 in 2007

February 2008 - Median Price $72,500 down from $88,000 in 2007
Number sold 22, up from 16 in 2007

March 2008 - Median Price $78,500 up from $77,500 in 2007
Number sold 9, way down from 25 in 2007

April 2008 - Median Price $78,000 down from $83,000 in 2007
Number sold 3, again down from 5 in 2007

May 2008 - Median Price $55,000 down from 87,000 in 2007
Number sold 19, down from 23 in 2007

June 2008 - Median Price $90,000 up from $89,000 in 2007
Number sold 19, down from 25 in 2007

July 2008 - Median Price $85,000 down from $91,500 in 2007
Number sold 21, up from 11 in 2007

The real estate market in our area, just like all over the US is trending down. I believe that can be attributed to 2 major factors: the first is insecurity making major financial commitments due to the instability in the economy and the second it the whiplash effect we are experiencing from all the poor loan practices over the last 3-5 years. Banks are requiring a very good credit score and a down payment. Many Americans have neither, so they have no choice but to continue to rent. There is a bright side to all markets, regardless of whether they are up or down. In this one the silver lining is for the people who own rental properties.

Hopefully, this long needed correction in loaning practices will serve as a wake up call for all of us to SAVE, read the fine print, live under our means and learn to wait for some things.


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10/15/2008

10 Ways to Cut Costs in the Current Market

The headlines are all gloom and doom, I am tired of reading them and I'm tired of seeing all the political mud slinging. I am making my own good news that will just maybe help someone else have a better day. I love helping sellers, buyers and investors but I have found ways to reduce my costs and in the process maybe improve my health and improve my business.

Below are ways I am saving money in my life and in my business. Please add others you are using to get a better grasp of your budget.

1) No Chi Tea in the morning - saving about $11.00 a week

2) Cut eating out by 2/3 - my husband and I both work long hours and it seemed like eating out was a necessity. It isn't - approximate savings a week $80.00

3) Packing both of our lunches - eating better and saving about $65.00 a week

4) Caffeine boost of 2 sodas a day - healthier diet and saving about $50.00 a week

5) Planning my showings better to save gas. Unknown savings at this point but I drive a Toyota Solara and get about 24 miles to the gallon.

6) On days I do not have office appointments or floor time I work at home. I live about 4.5 miles from my office but I do go home to share my lunch (with a small buy mighty chihuahua named Spike) and then back. Round trip for a normal day about 18 miles. About $3.25 in gas a week, not a lot but it all adds up.

7) Programmable thermostat in our home, we have moved and have propane for the furnace fuel. I have never had this type of heat but our previous home had 2 programmable thermostats and I really liked having the ability to manage the temperature when I wasn't home or when sleeping. Unknown savings, industry estimate is about $120.00 a year. Living in Iowa, in Blizzard Alley on the Buffalo Ridge I imagine we will save a lot more than that.

8) I have hired a service to do my mailings, they also do the postage. I don't have to take the time to write, place postage or mail the info. Estimated hours saved that can be used for other prospecting 3 a week. That is 3 I can be on the phone staying in touch or doing other more immediate contacting.

9) Reviewed my advertising for 09, refined and focused it. I didn't renew some, at a savings of about $25.00 a week.

10) Read more marketing books, blogs, checkout websites of competitors, learn more about SEO so I can implement it more efficiently and not have to pay a service. Knowledge of how to do something is abetter investment than paying to have it done in some instances. Currently, I do my own website and SEO but I have been seriously looking into having it done in 09. Cost savings in 09 will be $175 a month.

Anyone else out there have any ideas?


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Free Home Inventory Forms

All home owners and renters should have at the very least paper copies of a home inventory and it should be stored away from the home. A video or picture documentation and the receipt is even better but it is good to have something. I wondered how many Iowans that were impacted by the flooding Mississippi had the documentation they needed to file claims with their insurance companies. If you don't have records of what you own go to this link and print off these forms. Take the time to record what you have, it took a long time to be able to earn enough to purchase those things and yes you probably have insurance.

It is helpful to keep this current at least once a year, why not at New Year's time. We get things that need to be insured at that time of year and the camera is handy. Record the info., snap a picture (you do need to print it) attach the receipt if you have it and put it all in the BIG envelope you keep IN THE SAFE DEPOSIT BOX, take the envelope to the safe deposit box and you are done.

The perfect time to begin a home inventory is when you are moving, you have to pack it, why not document it?

If you have older parents it is a good idea to help them do a complete inventory, a video camera is a big help too. Hey it can be fun, spend some time together and get a good deed done.

http://insurance.lovetoknow.com/Home_Inventory_Forms

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Title Guarantee - Who Needs it? - Everybody!

A class offered by Linda Berg (the Business Development Director of Title Guarantee a division of the Iowa Finance Authority) was offered yesterday to our Board of Realtors. It was a very informative class that I wish I had taken 2 years ago. I know we (Iowa) are one of the few abstract states left in the US, I think there's a total of 14 out of 50. We don't have Title Insurance we have a different system that involves an abstracter and an attorney. However, most of the banks still put title guarantee on mortgaged property. The Buyer pays for this coverage although it is for the bank; usual cost is about $110 for $200,000 mortgage. Did you know, for an additional $25 the buyer can be covered? Me neither - I have bought a lot of property in the last few years and I have never once had anyone - a Realtor, a banker, an attorney tell me or ask me if I wanted Title Guarantee.

Why do you need it - abstractors and attorneys are human and they make mistakes, there's such a thing as a mechanics lien and it may not show up until 90 days after the work is done, judgements and liens can be filed after the closing and before the mortgage and deed are recorded leaving you liable, legal discriptions can be inaccurate, unreleased mortgages exist, and a number of other very nasty things you don't want to have to figure out on your own or at your own expense.

Unfortunately, I am personally involved in a property with a big problem, some time in the early 1900's part of the legal description was not continued with the abstract. I never knew about Title Guarantee, I am sure my bank has it and I paid for it but I can't use it. From now on I will never purchase any real property without it, all my Buyers will be educated on the need for this and the pitfalls of not having it. Some of those pitfalls include: big legal bills, inability to sell a property, angry neighbors, and a whole lot of frustration.

check out the link at www.iowafinanceauthority.gov

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9/25/2008

Loss of a Peer

Today we lost a peer, a broker from our town, mls and board. It is always a wake-up call when someone you work with or know dies unexpectedly. This loss was one of those, Clara Stanley was the Broker Owner for Stanley Real Estate. We as Realtors don't always get along but when we lose one of our own we tend to close ranks and for a brief time come together as a united force. It is a shame we aren't always working together and I am just as guilty as anyone. I hope in the future I will bear in mind what words I say, what thoughts I think and especially what my actions say to others because I know it could be the last thing that person hears.
Clara will be missed, she was a very unique person who did things her own way.

Respectfully
Georgia A. Weaver BS Ed, GRI CRS
Broker/Associate
President of the United Counties Board of Realtors



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9/03/2008

Storm Lake Iowa Video Tour

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Thinking of visiting or moving to Storm Lake Iowa; check out the virtual tour of the town by clicking on the title of this blog. The site is a really cool tool for anyone looking for something in Storm Lake, Iowa. Check out the downtown, eateries, shops, stores, lake, AWAYSIS project, city buildings and a lot more. See if you can find me, I'm located at 106 W Railtroad Street in Storm Lake. This site can also be used to plan a home finding trip, decide what area you think you would like to live in and check it out on-line. Be sure to go to the lake,to King's Pointe, and the water park.
Any questions or think you may want a personal tour of the homes available for sale; give me a call at 712-574-5426 to set up a meeting.

8/26/2008

Congratulations Ben and Lacey Holmes on the Purchase of Your New Home

Ben and Lacey Holmes (previously Lacey Koster) purchased our home in Alta, congratulations you have bought a wonderful home. The couple are newleyweds and cute as can be! Both Ronnie and I are very pleased to have our home go to such a nice couple, we know it is in good hands. We hope you enjoy it as much as we have especially the big kitchen for all the family get-togethers!

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Staged to Sell - In a Tough Market it's Essential

According to a survey completed by StagedHomes.com, homes that were staged sold for an average of 6.9% more than ones that weren't. That survey was completed before the foreclosure crunch began. In my opinion, it is much more important now to stage all homes, because there are fewer buyers (due to increased difficulty in attaining a mortgage) the number of homes on the market has increased. It's the old rule of supply and demand.

In our local area - Storm Lake Iowa, there are several options to staging a home. Your Realtor should know a lot about staging and either be able to assist you or put you in contact with people and companies who stage. Stagers in Storm Lake Iowa include possibly your Realtor, Elements, and the new Furniture and Flooring store close to Hwy 71. Prices vary greatly so first talk to your Realtor, staging must be complete prior to having the property listed and pictures taken.

Remember over 80% of ALL buyers go on-line to check out houses before they contact a Realtor to see any thing. Never allow a Realtor to list your home without having pictures to be put online. A property on the mls without a picture could cost you a buyer.


because -

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7/22/2008

Preparing Your Home to Sell Video by Elizabeth Weintraub

Check out this short sweet video by Elizabeth Weintraub on how to prepare your home to sell. To vieo the video click on the post title. Elizabeth has a lot of very good points and she is one of my favorite bloggers. After seeing the video check out her other topics, her site is a great resource for all things real estate. For a detailed system of preparing to list your home and how to efficiently pack give me a call at 712-574-5426. This system works for all types of moves and I recently used it myself when we moved to our acerage.

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7/21/2008

Poor Pictures Online = High Days on the Market

With over 82% of all prospective home buyers looking at homes online before they contact a Realtor your pictures are vital to get people interested in touring your house. An old saying about curb appeal also applies to web picture appeal - Buyers have to stop at the house before you can get them in the house, it is the same with your property on line. If you have no inside pictures, clutter every where, a picture of the bathroom showing an open toilet and a shower curtain, a kitchen with dirty dishes in the sink, pictures with all the curtains/blinds closed (no one wants to buy a dark house) you are batting zero! If your home is listed get online www.stormlakemls.com and look at the pictures and the descriptions of the pictures - what there are no descriptions? Make a phone call and get that fixed asap.
When you are deciding to list your home some things are a lot more important than others when choosing a realtor to represent and sell your property. You are not hiring a Realtor to list your property, you are hiring them to SELL your property and great pictures are an absolute must!


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7/18/2008

Short Sales and Realtors

I don't know about you but as short sales become more prevelant I find myself being asked questions I can't answer. As a Realtor I needed to know more about short sales and I came across this excellent article from one of the blogs I frequent - By Elizabeth Weintraub, on About.com. It spells out how financial organizations see a short sale and gives some really good advice when you end up working with one of these homes. Even after reading this article tread very carefully, this could be a potential mine field legally. We are not seeing a huge amount of these but the number of foreclosures is rising slowly.

Elizabeth's article http://homebuying.about.com/b/2008/06/02/will-a-short-sale-ruin-my-credit.htm



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6/11/2008

Big Announcement - I found the silverware!


Finally, while going through some boxes last night to find a few more staging items I found my silverware. I can't tell you how glad I am to not have to eat from awful plastic silverware. My staging got good reviews and I will be adding several things this afternoon. Staging is fascinating and I attended a meeting with a local interior design guru - Cathy Sorbe this week. She made several recommendations including using neutrals, and neutral does not mean all beige. I'm all for that, I am so far from a beige person I though I would die thinking I had to paint my home all beige to sell it.
Cathy also said large area rugs, large art and large foliage are good items to use. Well I have everything except the large foliage. I'm into real plants and I don't much care for faux plants, but she does have a pear tree in her shop I rather liked.
I will let everyone know what advice she gave me on adding to or pearing (pun intended :) - down my staging.



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6/10/2008

Our Home is For Sale in ALTA


Check out a few pictures of our home










This is my apology to all my readers, as most of you know we (my husband and I) have been so busy lately that we can't see straight.


Our home is for sale in Alta, we bought a building that we plan to gut and turn into our new home. Somewhere I packed the 3 sets of silverware we have, over a month ago, and I still haven't found a single one. We were greatly blessed by our Summit Chruch family and all the help they gave us in our move, we could never thank them enough!
We were living out of boxes in the lower level of our new "home" as we got our home in town ready for sale. Getting ready included exterior paint, interior paint, new garage siding, new carpet, 2 bathroom updates, refinishing the huge front porch floor, building a new staircase to the basement, mowing every other day due to rain every day, staging, not to mention all the cleaning after drywall sanding and getting it all done within 3 weeks. Can you say TIRED?

Well the house in town is done, although I have asked Cathy Sorbe of Elements located at 1701 W. Milwaukee Ave, Storm Lake 712-732-2385 (local design Guru)to fine tune it.
She is awesome!







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Will a Short Sale Ruin My Credit - In a Word YES

I came across this excellent article by one of my favorite bloggers- Elizabeth Weintraub, on About.com. This is a really important and potentially dangerous type of transaction for Realtors. If you want to be up to date follow the link and tread carefully it is dangerous out there nowdays!

Our area is seeing foreclosures slowly creep up but our market is still very solid here in Storm Lake and Alta Iowa.





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4/24/2008

Credit Score Hit - 30 points every time!

I learned something interesting at our MLS meeting last Wednesday, a lot of people are paying other bills before they are paying their mortgage. I can't imagine their priorities, cell phone - some where to live? When a mortgage payment is 30 days late it drops your critit score a full 30 points - it doesn't take too many late mortgage payments to devestate your precious credit score!
With the increase in the required credit score to be able to get a mortgage or qualify for PMI it is not ever a good idea to be late on your mortgage. Pay your mortgage as your first bill, and skimp on other things like cable, highspeed, entertainment, eating out, cell phone, gasoline etc....

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3/10/2008

New 1031 Exchange Ruling on Vacation Homes

The IRS issued a ruling that will determine how vacation homes can be qualified as investment property in a 1031 exchange.

1031 exchanges are a marvelous tool for real estate investors, check out the link to see how this works with a vacation home. There has always been a problem with the determination of vacation homes as personal or investment property. Now we have very clear rules including ownership for at least 2 years. Also to qualify as investment property, ie be considered in a 1031 exchange the property must be rented at fair market rent for at least 14 days in each 12 month period. There are also strict rules for the owner's use and it goes without saying document everything or don't even try an exchange. To find out more check out the link

1031 Exchange is fascinating and seems complicated but there are a professionals who work in this field and make it a lot easier. This is a tool every Realtor should have in their arsenal.

2/22/2008

Brian Botello Video

If you read my earlier posts you know a precious friend Karyn Brophy lost her only son Brian Botello in Iraq last year. This is a video Brian and a friend did while in Iraq, he looks so good and so happy. I was so blessed by this video, please view it and listen and let it bless you too. Click on Brain's name in the title and the video will begin.

May God Bless all of our heros that have served or are serving to keep this great country free. Fight jihadism, if you have never read the Koran I highly recommend you do so, in a translation that is useful. If you instead choose not to you can't possibly understand what we are fighting against and what so many of our brave fellow Americans have died for - and that alone puts our counrty at a terrible risk.

2/01/2008

New Development in Alta

Alta residents, there is a new development plan afoot. Don't know what I'm talking about; call one of your city council members, attend a City Council meeting, talk to Mayor Tom French or stop in and talk to the city clerk. There is a major shortage of housing in Alta, prices are up and so is need. From sitting in on a recent City Council meeting and getting a visit from Tom French, it looks like the city of Alta will own the land/lots, will be developing them and selling them to prospective builders.

I am uncomfortable with the idea of government stepping in where private business should be. From the conversation with Tom and comments made by some of the Council members the cost to develop each lot is not their biggest concern, unlike a private developer profit is not focused on. I voiced a desire to see a side by side comparison with the development Addie has proposed. Long term there would be a lot more lots available. I also think this should be an area that the public's opinion should weigh mightly on the decision, ultimately they will be footing the bill.

Hum, cost is a concern of mine as a tax payer, resident and Realtor in Alta. One of the major reasons people want to live in Alta is that the taxes are lower than Storm Lake. Keep checking back for updates to this interesting situation that is developing in Alta. Let me know your thoughts about this.

1/30/2008

Winter Pictures of Storm Lake and Alta Iowa

1/14/2008

New Storm Lake Iowa Pictures

Check out these beautiful winter pictures







Frosty Morning









Park on Lake Avenue





Early Morning Frost










Frosty Star on Lake Ave.

Frosty Flame















Frost and Fog on Storm Lake - For more pictures of Storm Lake Iowa and the surrounding area check out http://www.georgiaweaver.com/ and http://www.slrealtycheck.com/ and http://picasaweb.google.com/SLRealtyCheck.com/StormLakeIowaBlackAndWhitePictures

12/11/2007

Do You Have an Adjusting ARM? How do you know if You Qualify for Help

If you have gotten caught in the adjusting ARM nightmare, there is hope. Follow the link in the title to see if you qualify for the assistance program. Don't just stick your head in the sand! If you have missed one payment you may still qualify. Contact your lending institution or the company that services your loan and call 1-888-995-HOPE, which provides counseling to homeowners with mortgage problems.
There is HOPE, the best defense against getting into trouble is to educate yourself and don't keep your knowledge to yourself, pass it on.

Realtors and Consumers The Chairman of the Senate Banking Committee Needs Your Support

Sen. Christopher Dodd is expected today to introduce a bill that would require mortgage lenders to issue only loans that are beneficial to borrowers and that borrowers are able to repay. What a novel idea - What, you thought the banking industry had your best interests at heart????

This bill seeks better loans for consumers. The proposal by the chairman of the Senate Banking Committee would not only force mortgage lenders to act in the best interest of borrowers, it also would expose Wall Street firms to lawsuits (IT IS ABOUT TIME!!!!) as well as bar subprime mortgage lending practices such as prepayment penalties and yield spread premiums, (this should not be how a mortgage broker gets paid) can anyone say Major Conflict of Interest???
Dodd's proposal is in some ways similar to one from Rep. Barney Frank, which passed in the House by a wide margin in November.

Mortgage companies and banks are expected to come out in force against Dodd's bill. Really? well you as an American consumer can help get this measure in place ----CALL YOUR BANK, MORTGAGE COMPANY, SENATOR AND YELL - Get this legislation passed and implemented. "I'm Mad As Hell and I'm Not Going to Take it ANYMORE!"



Click on the title to link to Reuters article on the bill

11/29/2007

Ethanol Company Merger

Verasun to acquire US BioEnergy - are we about to see the ethanol companies merge into 2 or 3 mega ethanol companies as we have observed in the livestock production industry and the grocery business? If that happens is that a good thing? So much bad press by uneducated people claiming ethanol production has pushed up the prices of everything, I wonder what will come of this news. Check out the news links below:
http://biz.yahoo.com/ap/071129/verasun_us_bioenergy.html?.v=3

http://www.marketwatch.com/news/story/verasun-paying-stock-usbioenergy-ethanol/story.aspx?guid=%7B4CD313FB%2D13C2%2D4F55%2D8E2C%2D4F0400B11297%7D&siteid=yhoof

http://www.thestreet.com/_yahoo/newsanalysis/newsonthego/10392161.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

http://money.cnn.com/2007/11/29/news/companies/bc.apfn.verasun.usbioene.ap/index.htm?source=yahoo_quote


Let me know what you think, I am obviously a proponent of alternative energy especially ethanol and wind power. Yea, I know we have a bizillion mega tons of coal and gallons of oil - I do have a degree in Science - but just because we have a limited supply doesn't mean we need to stick our heads in the sand.

We need to get off our butts and stop depending on the addictive fossil fuels including oil. Gee, if we didn't need their oil what do you think we would have done to you know who? Car makers, get your game together and produce what we all know you already have - efficient vehicles! 20-30 miles a gallon; get real and give us 40-60 miles a gallon - and make that gallon green and completely renewable.
Ok, I'm glad that's out!

11/19/2007

Housing Trends from the Iowa Realtors Association - Mid-Year Report

According to the Iowa Realtors Association the Storm Lake Board is up considerably over 2006.
The Median Price for 2006 was - $69,500
The Median Price for 2007 is - $88,800
That's an increase of 28%

Days on Market have increased
DOM in 2006 at midyear - 86
DOM in 2007 at midyear - 118
That's an increase of 37%

What do those numbers mean?

1) Local real estate is appreciating in general - that's a good thing
2) DOM is also increasing, that may not be a good thing, it means properties are staying on the market longer - possibly a reflection of the Doom Sayers in the national market. It could also be an indication that properties are being priced higher than the market will bear. I will look into the number of properties by percent that had price reductions before selling in 2007 as compared to 2006.

On our Wednesday MLS tours I have been disappointed to see an increasing number of unrealistically priced homes. This is a disservice to the client (Seller), it also goes against the Realtor's code of ethics that we are all bound by if we use the term Realtor behind our name.

If you want to sell a property, you contact a Realtor and they don't do a CMA prior to listing your home - RUN! This analysis is one tool that helps you price your home correctly. A CMA is a report that will show what the market will bear (in other words what you will most probably sell your property for). A CMA is also used with Buyers, it is how a Realtor best represents a Buyer - it is a report that will show what the market has paid for similar properties. This tells your Buyers whether they are offering a realistic amount. Not that they don't trust you or anything - give them the facts to backup your opinions.

Fire - Enough Insurance?

Everyone's read about or seen the fires in California in the past several months. It was brought very near to me a couple of weeks ago. We had a fire - and we don't live in California. We were so blessed, it occurred when I was home and, had 2 electricians in the house, which by the way is over 100 years old and dry as a bone!
How many of the houses destroyed in California had enough insurance to be replaced - according to the California Dept of Insurance as many as 40% of them didn't. I'm not worried - I have full coverage insurance on my home, you say, well did you know that full coverage insurance doesn't guarantee replacement cost?
Might be a good time to give your insurance agent a call and say, "I want to make sure I have the right kind and enough insurance to rebuild my home if it is destroyed - and Oh, by the way can you make it competitive :>) Thanks so MUCH!

11/16/2007

Anti-Predatory Lending Bill Passes - Good or Bad?

Click on the title to read my opinion and please comment on how we can fix this broken system.

Need Some Great Gift Ideas?

Check out Rhonda Barker's Promo site, I recently purchased calendars for my clients but there are so many cool things Rhonda can get. http://promo-web.com/d/d1.asp?d=promo4u&pg=1

"We have items for trade shows, employee incentives, business gifts, special events, direct mail, Web site promotion, corporate apparel and more . . ."

11/15/2007

Local Real Estate Market Report - your opinion needed!

As you know I do a local real estate market report, I have recently had several requests for additional information on this report. Mainly, the names of the Sellers and the Buyers. This info is public record after the property closes and can be found at the court house. I can include this additional info easily. What do you think, would it be helpful to you? I currently use an Excel Spreadsheet format - I do love spreadsheets, please suggest any changes you would like to see.

http://activerain.com/blogsview/267832/October-Storm-Lake-and

11/13/2007

Buena Vista County - The Tax Man is Coming to Your Home!


The B.V. County Assessor announced November 13th that they will be doing door-to-door inspections of all residential properties beginning on Nov 1st. Hum, maybe the notice should have been given in October, Oh well. The reappraisal should end by December 2008 and go into effect January 2009. I want to be on the record stating that I am not opposed to paying a fair share for government, taxes should be for the safety and improvement of our societies. However, I don't believe in wasting money - both my husband and I work hard as I'm sure you do.

What does this mean for you; properties have been selling rapidly and have increased in value significantly over the last 3 years, especially in Alta. Have you done any remodeling work to your property, it could mean higher taxes. If your property is in poor condition it could mean lower taxes, but I suspect that overall the taxes will not go down. The type of information the Assessors will be collecting include: construction type, physical condition of the property, age of the structures, type of interior finish, and exterior measurements.

No, it won't matter if you are home or not, I think the Assessor will notify the target neighborhoods prior to sending our personnel.

In Spring of 2009 the owners will be able to meet with and discuss their revaluation and the new assessments. Mark this date on your calendar - in red! If you receive an evaluation that is higher than you think your home could sell for in a reasonable amount of time (90 days) call me, your Realtor. I have the ability to do an extensive CMA (competitive market analysis) to determine a range of where your property should sell. If this amount is considerably lower than the value your property has appraised at you may be able to dispute it and have the appraised value lowered.

11/12/2007

October Storm Lake MLS Real Estate Market Report


Want to know what the Storm Lake, Alta and surrounding area real estate market is doing? Click on the link below or on the article title above, I think you will be surprised.
This report shows all properties reported sold on the Storm Lake MLS, the major brokerage's "piece of the pie" and the year to date numbers. Check back often to see the local market numbers and how we are doing as opposed to the national market.

10/30/2007

Calling all DIYers

Have you done some remodeling you are proud of , got before and after pix and receipts? Check out this contest - the grand prize is $25,000. Click on the title of this post or go to www.BHG.com/challenge
$25,000 that's enough to take the whole family to Hawaii for several weeks - did I happen to mention Hawaii is my most favorite place in the whole entire world?

Hey the contest ends Jan 15, 2008 - you can still do a project and enter. Remember I do love Hawaii!

The coolest thing since peanutbutter and jelly

Confused about all those energy efficient light bulbs - I'm sure I bought some last year for our ceiling fans that said they would last for 7 years, I need to replace them. Oh well, I need to keep up with the packages and info on stuff better - yea right, like I don't have 500 other really important things to attend to. Like what the Blizzard of the month is.

I did a search to see what kind of superbulbs were out there, that's when I saw it - the GEOBULB! That's a new bulb out that will not only save a lot but will last for 12 years - yes, keep up with the info. I'd put it in the safe deposit box we have at the bank. Laugh, I know you are secretly thinking about doing the same thing.

This Geo Bulb - yea that's what it's called, it doesn't get hot, it give off good light (it's LED) who knows how much you'll save not buying bulbs for 12 years or taking the chance of falling off ladders or chairs a couple of times a year . I'm thinking I'm going to go get enough for our whole house - that's about 87, take a day off (or maybe a week) and replace them all. That way I don't have to worry about it for another 11.99 years - gee thats 2018! Check out http://www.ccrane.com/ for the scoop.

Worried about energy costs this winter - add these 5 ways to save to your list


We all shudder to think about the dreaded winter heating bills. This year at our house (it's over 100 years old) we put in all new windows (over half of them were original) and added 2 heat and central air units (yes I have central air now). I am looking forward to seeing what impact those improvements make on our heating bills. I'm not saying add new windows or add new central heat and air, these 5 items are much easier.


1) Check your insulation, in the attic if you can see the floor joists you don't have enough - it's that simple. Buy some that can be rolled out or call someone to blow some in (you can even rent these machines and do it your self!) I have used Aurelia Lumber on a couple of houses and they do a great job and are not expensive. To find out what the recommended amount of insulation is for your area and on additional parameters like fuel source etc go to Ornl.gov/~roofs/zip/ziphome.html


2) Insulate all exposed pipes, it is easy and cheap.


3) Stop air leaks - take a candle around your windows, light switches, electrical plug ins, doors, vents, under sinks, from dryer vents, up the chimney and anywhere else air can infiltrate and heat can escape. Home stores sell several products to stop Old Man Winter from stealing your heat. Every where your candle flickers there is air flow - a bad, bad thing for your wallet. Seal up the opening with expandable foam, weather stripping or insulation inserts (under light switches and electrical plates . Place a cap on the dryer vent and close the fireplace damper tightly if not in use (better yet get an insert).


4) Buy a programmable thermostat - and use it! For less than $100 you can buy a good one that will enable you to program each day and several different times within each day.


5) Is your furnace working as efficiently as it can be; have you had it serviced this year? No, get on the ball people, winter is coming! Change that furnace filter religiously, it will keep your home cleaner, your lungs cleaner, you healthier, reduce your heating bills and extend the life you your furnace. How often should you change it; I have allergies so ours will be changed every 30 days.


10/23/2007

New Photos of Storm Lake Iowa Architecture



I hope you enjoy these pictures of the beautiful and unique architecture of Storm Lake, Iowa.




Stay tuned for more. Check out some of my other photo collections below:



Unique and historic barns of Northwest Iowa






Old Ford Sign on Building in Storm Lake Iowa

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10/17/2007

Annual Real Estate Report

If you are interested in receiving this informative local report (and if you are thinking of buying or selling you need it) that includes: number of residential properties sold, average sales price, average days on the market, the percent change in price and number sold by month and as compared to 2006 and a lot more!
Send me an email and I will get you on the list for January - so far there are 343 people on that list! Just send me an email at Georiga@SLRealtyCheck.com or Gweaver@iw.net and oh by the way, I do love referrals if you know of anyone who needs my services.

Preparing Your Home to Sell

Preparing your home to sell Step-by-Step.
--How to Get top dollar for your home--
So you are selling your home; and you want to get top dollar. A great Realtor® will be able to give you suggestions on how to maximize you home. Below is the proven process I recommend sellers go through to get ready to list their home. The result, homes sold faster and for more than similar homes in the area!

Home Saleability

Getting started - Purchase large clear plastic storage tubs, at least one for each room. Work one room at a time and pack a minimum of 1/3 of items for the move. If you haven’t used it, worn it, read it, or listened to it in the last 30 days pack it for the move. Reducing your items will help your home appear larger. Smoke in the home or pet odors have to be removed prior to listing, these odors will greatly reduce the price your home brings. You may be unaware of the smellappeal of your home because you live there and are use to it. Ask your Realtor®, a friend or neighbor who will be straight with you about the smell of your home. Smell is a critical part of selling a home!

Entry – It should say WELCOME to All
1) Make that door a focal point! Polish the door knob or replace it if it doesn’t look great. If
the door is beyond ever looking new or old and well kept replace it.
2) Place a wreath appropriate to the season on the door
3) As the door is opened it should be inviting and clutter free – no shoes, coats, umbrellas, book bags, pet leashes etc…
4) Only a welcoming space sparsely decorated for the season and style of the home.

Kitchen – If the item is not used daily, it should be out of sight. If not used weekly pack it in your labeled clear storage tubs. Remove all junk drawers, people check construction of drawers by opening them, ALL.
1) Clean frig (including top, behind, coils and under), stove (including under burners and oven), microwave, dishwasher, sink and drains
2) Clean cabinet fronts, oils from cooking and our hands build up on cabinets, doors and light switch plates and need to be cleaned weekly
3) Scrub counter tops, faucets and fronts of appliance until they sparkle. If faucets leak repair or replace them, if replacing add shut off valves if not already installed. Clean out under the sink, check for leaks – repair if needed.
4) Replace curtains if not “new” looking
5) Clean windows inside and out
6) Scrub floors
7) Garbage disposal cleaned and refreshed with ½ lemon and 1 cup of ice ever other day
8) Check lighting, it should be appropriate wattage for the task


Dining Room – Set the stage for a romantic dinner
1) Items not used weekly go in the labeled clear plastic tub
2) Remove all excess
3) Clean walls, floors, baseboards, remove any cobwebs and dust from furniture and from room, remove chair cushions
4) Clean windows inside and out
5) Replace curtains if not “new” looking
6) Set the table for 2 or 4depending on the size of the table. Start with a table runner in a rich color, add cloth napkins, and use crystal if you have it if not use great looking glasses, use glass or china place settings, and shiny silverware. Add candlesticks and flowers or a tray of unique items to the middle of the table to pull it all together.
7) China cabinets or built ins – remove all but a few items, make it look sparse
8) Last, but most important check lighting, chandeliers should sparkle, no dust on lighting and use appropriate wattage on light bulbs.

Living Room – Inviting and comfortable, this room should beckon come in sit down and relax
1) Items not used weekly go into the labeled clear plastic tub
2) Remove all excess, keep a few personal items like pictures they make the home feel lived in
3) Clean floors, walls, ceilings, baseboards and windows inside and out and polish all metal
4) Decide if you need to paint, many holes in the walls, discoloration from pictures, *smoker in the house or pets – patch holes and paint. The color should not be white but should be a color that complements your furniture and is a neutral. *Smokers or pets, walls and ceilings washed down with a good cleaner and painted with a Kilz product to block the smell. Curtains, carpets, and upholstered furniture cleaned by a professional to remove the odor.

Bedrooms – Should say oasis from the troubles and cares of the day, this room should be a soothing calm color
1) See Living Room above and each person in a bedroom receives a clear plastic storage tub with a label
2) Each person should remove a minimum of 1/3 of the items from the closet – it’s a good time to donate to a local charity, they always need toys, shoes, clothes that are in good shape
3) Clean every surface, patch walls and paint, clean light fixtures, replace bulbs if needed and clean windows inside and
4) Toys, football equipment, etc needs to be in it’s place and that place is not on the floor
5) New curtains or blinds if they don’t look new
6) Shampoo carpet and polish door knob


Bathrooms - Inviting, bright and clean, clean, clean
1) Each person who uses this bathroom should have a small overnight bag for personal items (hair products, personal supplies, tub toys). This bag is stored in the person’s closet in their bedroom
2) Remove excess, if not used weekly pack in the labeled clear plastic tub
3) Clean out all drawers and cabinets – some empty space makes the drawers and cabinets seem spacious
4) Check for leaks under the sink and around the commode (spongy feel to floor around the commode means you need to replace the wax seal and maybe some of the wood around the base), commode that runs – now is the time to fix it.
5) Tub, commode, sink/s, shower and shower door, need to be so clean they sparkle. If calk around vanity, sink , tub and shower doesn’t look perfect and new – replace it, a simple job that makes the home appear well cared for and in good condition – no mold
6) Clean mirrors, lights and vent fan
7) Clean walls, switch plates, medicine cabinets, baseboards, and floors.
8) Clean drains with some Clorox about ½ cup then run hot water to rinse
9) Replace shower curtain or shower door if not “new” looking
10) Replace toilet seat and lid if not “new” looking
11) Check lighting, use appropriate wattage, clean vent fan
12) Place an aroma therapy diffuser here, a light clean scent, not a
plug in (plug ins and spray type of deodorizers are petroleum
based products and approximately 30% of the population are
allergic)

Basement - Unfinished clean as a living room, if unfinished see list below
1) Remove any excess items store in labeled clear plastic tub if not used
Weekly
2) Clean and remove all cobwebs and dust
3) Check all light bulbs, use a higher wattage to enable the entire basement to be viewed easily
4) Repair any cracks (tuck point) and leaks prior to listing
5) Replace the furnace filter monthly
6) Clean windows inside and out
7) No litter boxes in basement, the furnace will draw the smell through the house
8) Run a dehumidifier 24/7
9) Paint the basement walls a light neutral color, this will make the area seem very clean and larger, it should show as a possible future living area not a dark damp old basement.
10) Air out with fresh air if possible (open basement windows)


Garage – Goal is to make it appear big and roomy
1) Remove excess items and place in labeled clear plastic storage tubs. These tubs and the tubs from the house can be neatly stacked against a wall for the future move
2) Clean everything – sweep floor, remove cobwebs and dust. If there are stains on the floor clean them and power-wash. Repair any cracks or chips in floor.
3) Paint walls if needed, ceilings with water stains are a big red flag to buyers, find source, fit it and paint with Kilz to block stain.
4) Check automatic garage doors, replace batteries in openers, and paint doors if they don’t look great.
5) Check lights for appropriate wattage bulbs

Yard – Should say come and enjoy some outdoor fun
1) Mow grass as needed
2) Edge walks and driveway
3) Spray for weeds and seed bare spots
4) Trim any bushes or trees for a clean look
5) Place a blooming potted plant by each door
6) Remove excess yard ornaments and children’s toys store in a labeled clear plastic tub
7) Keep all large toys in one area
8) Swing set, sandbox area – put out new sand and check swing set for maintenance needs, paint or stain If needed

Deck – Somewhere you would want to spend time with friends and neighbors
1) Repair any rotten, warped or excessively worn boards or steps
2) Check railing if present for strength
3) Spray or trim grass around the deck
4) Power - wash with a deck cleaner
5) If deck is wood and hasn’t been stained/resealed in the last 3 years it’s time

Drive Way – should look like it is new and will last a long time
1) Power wash to clean
2) Repair any cracks or chips
3) Spray to kill any grass or weeds growing on it

Gutters and Downspouts – these will help keep your home and basement dry
1) Clean all leaves, branches and seeds from gutters
2) Fix any leaks or loose areas
3) Extend downspouts at least 3 feet from your foundation
4) Inspect roof and nail down any loose shingles


Porches – Say welcome home
1) Remove excess items, no shoes, coats etc
2) Clean top to bottom
3) Check lighting for appropriate wattage
4) Clean windows inside and out

Appliances – Washers, people open these to see if there is hard water, clean to a sparkle and refrigerators clean them out, place a dish of baking soda close to the fan and do not keep leftovers

Pets – Many people are allergic or have asthma, pets and cigarettes smoke can be a big problem for them. I love animals but they don’t help sell a home
1) Remove all sighs of pets
2) Food and water bowls
3) Beds, carriers, leashes, brushes, etc…
4) Litter boxes
5) Flea shampoo is a red flag
6) You receive a call and your house is going to be shown – crate you pet and take it to a friend or the vet
7) Large dogs frighten most people although we won’t all admit it. Some specific breeds of dogs that should be removed during a showing are: Doberman, Pit bull, German shepherd, Rotweiller, Great Danes and most dogs over 30 lbs. Children accompany many parents on showings and a child bitten by a dog or cat will definitely not result in a good offer.
8) Fish, turtles, hermit crabs? – clean the aquarium and make sure there is no smell apparent
9) Reptiles – not a good idea to have snakes, large lizards, or anything that is poisons
10)Birds – clean entire area and be sure there is no smell, put them to bed (cover the cage) if at all possible



Georgia A. Weaver BS, GRI
Real Estate Professional
106 W. Railroad Street
Storm Lake, IA 50588
712-574-5426 Direct
712-732-7594 Office
www.SLRealtyCheck.com
www.AltaRealtyCheck.com
E-mail – Georgia@SLRealtyCheck.com

10/13/2007

If you are a smoker and want to sell your home - read this to save thousands!

The acrid smell of smoke in a home is a big turn-off, it is also very hard to remove. Most people will try to cover it with deodorizing sprays, candles, etc... Not a good idea. Most of theses products don't work, they add to the odor and 33% of the American population are allergic to most of these products.
If you smoked in your home and want to sell it for top dollar you will have to permanently remove the smoke smell. How, that's the hard part - yes you will have to have the carpets and drapes cleaned professionally and replace the furnace filter about every 10 days until cleaning process is complete - but that is not enough.
All surfaces will need to be thoroughly cleaned with a product like TSP (go to a paint store, they sell it and can tell you how to use it) and painted surfaces cleaned reprimed and painted with a stain and odor blocking product like Kilz. Check after this process to see if you still have an odor problem - have someone who does not smoke check the home - like your Realtor. If there is still a problem you may have to have the carpet replaced.
A house with an odor problem, like smoke or pet will not bring top price - it may not even bring in any offers depending on the market and how the home is positioned for price.
Take Away - don't smoke it costs a lot of money en a lot of areas of your life!

10/12/2007

Storm Lake and Alta Real Estate Year to Date

The year to date numbers on residential properties sold in Storm Lake and Alta Iowa are very encouraging!

According to the Storm Lake MLS, www.StormLakemls.com

Total Dollars Sold - $16,002,318.00 - 100%

RES - $13,250,600.00
Market Share 41.40%

C-21 - $10,592,586.00
Market Share 33.09%

ReMax - $4,633,900.00
Market Share 16.41%

C&E - $800,500.00
Market Share 2.50%

Stanley - $548,425.00
Market Share 1.70%

Other - 1,624,825.00
Market Share 5.23%

Why should you care about these numbers? Well, these numbers show that our real estate activity is up 100% from 2006, it shows we have a very strong market.
These numbers also show the market share of each local brokerage. Why's that important, it is one tool to help you decide who to use to help you achieve your real estate needs and goals.

Some people think winter is not a good time to sell, well just because some people think that, it limits the number of homes on the market. People will still need to move, businesses will still transfer employees and people will still retire. So what do I think, I think an appropriately priced home will sell home at any time of the year! Call me I'll help you market your home to sell or I'll help you find a great home for you to buy!

10/09/2007

KKK Coming to Storm Lake????

Are you kidding me; get real and join the human race. Let me know what you think, I'm sure you can guess what I think.

10/05/2007

Storm Lake and Alta Iowa Homes Available


The local market is tight with Buyers matching Sellers very closely. As of 10/4/07 there were 63 homes listed and active (no offers) there were 5 OPCTS (offer pending continue to show. In Alta there were 6 homes listed and active, none of them have offers so far.

Fourteen homes sold in Storm Lake within the last 30 days with prices ranging from $45,000 to $142,000. The sales in Alta ranged from $120,500 to $70,000. Now is a great time to buy or sell as the numbers above show.

If you would like to receive local market updates directly to your email please drop me a request and I will git'er done. Email me at GWeaver@IW.net or go to www.StormLakeIAProperties.com

Storm Lake and Related Home Markets- Still Going Strong!

By the numbers, the local home market is still cranking out excellent numbers of both sales and listings. Unlike the national big city markets our local market is solid. Yes, we are seeing an increase in foreclosures and it is tougher to get a loan if your credit history is shaky but the impact is very little - so far.

What are the numbers?
The local MLS (Multiple Listing Service)reported 21 sales in the last 30 days
1) 14 were in Storm Lake
2) 2 were in Alta
3) 2 were in Early
4) 1 in Aurelia
5) 1 in Sioux Rapids
6) 1 in Rembrandt

25% of the sales were out of the Storm Lake and Alta Market, this may be a reflection of the Buyers decisions being impacted by the negative press concerning the national real estate market.

The properties that sold outside of Storm Lake and Alta had an average sale price of $55,600. The sale price of $55,600 is quite low for the Storm Lake or Alta market.

There were 2 foreclosures in the mix - both in Storm Lake. These sold for $45,000 $50,000. These amounts are good for foreclosures, the sale price for these 2 reflects an aggressive investor market in the Storm Lake and Alta area.

Alta had 2 sales, one at $120,500 and the second at $70,000. There is a new foreclosure listed in Alta - 113 Division Street. This is not an investor property, it is move in condition and it is priced for this condition.

For additional local real estate market info and listings go to www.StormLakeIaHomes.com

9/29/2007

SHE'S HERE!




Introducing Katie Abigayle, our 1st Grandchild, and she is grand! A head full of hair and a little round face and it is love at first sight, actually it was love as soon as we found out about her on New Years Eve.

Far right is Katie and Dad, then Katie and Mom and finally Katie and Papaw

New Storm Lake Conference Center, Restrauant and Water Park Open for Business


The AWAYSIS Project is full steam ahead, the water park is open both inside and outside as are the conference center, restaurant and hotel.

The outdoor water park is awesome - if you haven't been there you are missing out. Young and young at heart are trying out the slides. If you are feeling more sedate (chicken) they have provided an area just for swiming both inside and out, but WHY not try the slides just once, you'll be hooked?

The Regetta Grill restaurant has very good food, I felt the service was a bit slow but there may be a method to that and the view makes the service well worth the wait. Having experienced both lunch and dinner a word of advice - make a reservation if there are more than 2 people.

Check out the elegant modern lobby furnishings, very sophisticated with a hint of the 1940's.


On a separate note, the new condo project across the street to the east from King's Pointe is showing signs of life. Huge concrete pillars have emerged from the golf course, I can't wait to see what comes next. A number of these condo's have been spoken for, if you are interested in a condo home on Storm Lake give me a call. A number of floor plans and upgrades are available prior to development.

CNN Money has Storm Lake listed as No. 22 on its Most Affordable Places to Live



WOW!, Storm Lake Iowa home market on CNNMoney!
I am impressed, they have us listed at No. 22, this article will be a huge boost to our local housing market, although our local housing market is very strong compared with the national market. Small towns usually benefit greatly from inclusion in this type of press. It should get more people to view information about our town Storm Lake and see the new developments (AWAYSIS, Kings Pointe, Local Photos, Marina, Dredging Project, new school, and lots more) Check out the CNNMoney website article by Jeff Cox, by clicking on the link below or on the article title.
Let me know what you think of about this article. How do you feel the local housing market is doing and should Storm Lake been included?

8/07/2007

Harmony Hill - Proposed Residential Development in Alta

Adeline Peters, one of Alta's leading ladies is at it again. She has proposed a new residential housing development - Harmony Hill. The initial phase of Harmony Hill is composed of 26 building lots, the proposed site is the corn field south of Addie's home. The project is approximately 37-38 acres, the average size of the lots is 1/3 of an acre.

Gary Armstrong of the law firm Mack Hansen Gadd Armstrong and Brown PC, represents Addie; she has retained Mike Michaelson as the Project Manager and the Realtors Joe Aube and Georgia Weaver (both of Alta) make up the Marketing Team.

Addie and the team met with the Alta City Council Monday evening and a meeting with the Alta Utility board will take place Tuesday at 4:00. The City Council's posture toward the proposed development was very positive. Alta has a strong real estate market - with houses selling within days of listing. The homes in the proposed development will benefit the city of Alta in numerous ways: increase in needed tax dollars, additional children for the Alta School System, increase funding to the Alta School System, increase patronage to Alta's business and who knows, maybe even help spark a new grocery store project.

Addie is an outstanding member of the Alta community, very forward thinking and a treasure to know. She has decided to do this project on her own with the help of a team of local talent.
You go ADDIE!

6/29/2007

Alta Iowa 4-Plex Remodel Update

Demo is nearly all done upstairs, what's left: 1 bathroom (including a large cast iron tub - enjoy a little hammer time :), removal of plaster, and removal of cabinets we plan to keep (for the shop).
Thanks to our son Nick, we have all the scrap wood out of the 2 upstairs apartments. What a help - saved Ronnie and me 4-5 hours hauling it down the stairs. And I got to spend some quality time with one of my most favorite people. I have 4 most favorite people: Sons Nick and Brian, daughter-in-law Kacey and my husband Ronnie. Oh, I forgot Spike - he thinks he is a person, actually royalty.

Check back for pictures of the complete demo next week. The exciting part begins soon - I get to design the kitchens, I love that part. It is very easy, get exact measurements, go to Lowe's or Menard's and give them to the kitchen design assistant. They will enter them into a CAD program and show you several ways to lay out the kitchen and even print you a picture of what it will look like completed. It really looks better then the picture when finished.
Happy 4th of July to everyone, I hope to see you at the Star Spangled Spectacular.

Please remember our veterans and their families. There are a lot of hurting people out there, do what you can for any of them God sends across your path. May God Bless You with Safety especially if you are traveling.

New Realtor! Bonnie Lewis


Announcing Bonnie Lewis - the newest Real Estate Specialists of Storm lake Inc. member. Bonnie has been a Realtor for years, has previous banking experience, and is an active member of the Aurelia community. Her banking experience adds valuable skills to our team.
Previously, an agent with Northwest Realty of Cherokee, Bonnie is a great addition. Bonnie is a strong Christian, and a people person with an obvious drive to make people happy and to do her best. Her family, like mine is spread out over this big beautiful country.
Please email Bonnie and welcome her to the Storm Lake, Alta and Aurelia market! Bonnie welcome aboard, I see great things in the future for you.
Georgia A. Weaver Broker/Associate, BS, GRI

6/26/2007

Trulia - Real Estate Info at your Fingertips

This website is great, it lists new listings, average sales price, average price per square foot, income and home prices, school info, and just about anything you want to know about Alta, Iowa! To view click on this link http://www.trulia.com/real_estate/Alta-Iowa/ or on the article title.

6/22/2007

Televator - new access to attic space

Check out this new type of access to attic and areas above. Compact, easy to install, inexpensive, and can easily be installed by a DIYer. This product is one we will be installing, the foot print is tiny compared to the pull down attic stairs we have looked at - 22 X 22. The opening can be larger but not smalled. It comes in 2 sizes, one for ceilings between 7 ft 4 in and 8 ft 4 inches and another for ceilings up to 10 ft 3 in.
Prior to attempting to install one of these be sure you space (attic or otherwise) is capable of handling the weight you want to put on it. Never cut trusses or supporting structures in your attic or anywhere in your home, doing so can impair the structural integrity of your home. IE - it can fall down, sag or otherwise cause really big problems! To see this cool new telescoping ladder follow this link or click on the article title. http://www.lernerladders.com/

NEW Federal Mortgage Calculator

A new tool developed for home buyers who are shopping for mortgages is available from the Federal Reserve. The tool will calculate mortgage payments and home equity accumulation. This great new consumer tool is a must use - it enables you to calculate mortgage payments for different mortgage products like adjustable rate mortgages, interest-only loans and fixed-rate mortgages. All consumers need to shop for the best mortgage product for their specific situation - your mortgage is one if not the biggest financial decision you will make in your life. Ask your Realtor to help you with your mortgage, a good Realtor has financial knowledge and an established working relationship with all the local financial companies. Website for this calculator is www.federalreserve.gov/apps/mortcalc or you can click on the title to get to this calculator.

6/13/2007

Iowa Mortgage Closing Costs

Ever wonder what the average closing costs are for Iowa and how they compare to other states? Well, if you are into that sort of thing - I personally really like it but I also like spreadsheets, check out this article. Just click on the title of the article.

Negotiate Your Closing Costs


Did you know most people including many Realtors don't know what all the charges that makeup closing costs really are and that they are negotiable? What are those charges for; they are usually a minimum of 3% of your loan that's $4,500 for a $150,000 loan- shouldn't you ask what they're for?

After receiving your Good Faith Estimate (this comes from the bank approximately 2 business days after you have an accepted offer on a property and the bank has been sent a copy of the completed contract. It is not your preapproval or prequalification information.

Ask your Realtor if they go over the Good Faith Estimate to help you understand the charges or if they will go into the bank with you to negotiate your closing costs. If they won't, look for another Realtor. Check out this article, it is excellent just click on the title!

6/09/2007

10 Small Fixes Bring Big $$$ Rewards When Selling Your Home

Think you home is ready to sell - checkout the list of 10 small fixes
1) Remove old calk from tub, shower sinks etc, super clean and dry the area, recalk
2) Clean your stainless sink till it sparkles
3) Clean all bath fixtures until they sparkle
4) Check all floor corners - be sure they are clean
5) Trim all landscaping, especially around walks, beds and trees for a well taken care of look
6) Clean all windows until they sparkle, clean inside window sills too
7) Buy some Old English Oil, it comes in light and dark - go over your woodwork, it will look great and smell great
8)Paint unfinished basement walls white
9) Clean gutters
10) Place blooming plants (vibrant colors like rich red or deep orange) in strategic places inside and out.

These 10 tips will help you sell assuming your home has been accurately prices with the use of a Realtor and a Competitive Market Analysis (CMA).

Call me to look at your home, together we will get it in the best shape to sell in the shortest time and for the highest price! Direct: 712-574-5426

6/05/2007

Total Property Remodel? Follow this Plan for Success

For those of us who remodel and do big projects (like whole houses or apartment buildings) this information is priceless. The logical flow of a project is one of the most important lessons you can learn, doing things in the right order can save you thousands of dollars, lots of headaches and time. Time in a remodeling project translates directly in to dollars - usually hundreds if not thousands! We develop a plan for each project, planning is important, as someone said - Failing to Plan is Planning to Fail. I don't know who said that but they knew what they were talking about.

You want your financial partner not just comfortable but happy loaning you money, always have a written, professionally presented, detailed project plan. Your plan should include a time line, along with supplies and contractor's names (if you aren't doing it your self), costs and end results. Do not "fudge" on your plan, to put it simply "fudging" is lying.

If you under fund the project you could end up with an incomplete project, we see this more than we should - we buy these projects - usually at a discount! We calculate a 25-30% over run, and it is noted as "overrun" on our plan to our financial partner - this covers an increase in lumber, other materials, demo surprises and other items.

Check out the link by clicking on the title and check back to see what we have to help you in your Real estate investing adventure!

15 Minute CleanUp for Every Room

Need some cleaning help - we all do! Most of us work fulltime, have a family, have a yard, friends, church, children have activities, stc..... time spent cleaning is usually time taken away from some other pleasurable activity (say kayaking). This is a great article, I use the info weekly, I send it to my clients to help them get ready to list and to keep their home show ready without becoming a slave to their home.

I also use it in my home, I am a fulltime+ Realtor, part owner and full time worker in our renovation business, slave to a large yard with lots of flowers, owner of a 100+ year home, Mother of 2 sons and a wonderful daughter-in-law, active in the church and community, my family lives half way across the country, need I say more? Any and all help I can get is very appreciated!

Why You May Want to Remodel Now Rather than Wait

Check out this article at Bankrate.com, why you may want to remodel now rather than wait until next year.

6/04/2007

Notice: Storm Lake Foreclosure that may be a good Investor Property

New Foreclosure that could be a good investor purchase:
Address 1713 Tupil Lane
Plantiff: Central Bank (Local bank - easier negotiations, faster response)
Defendant: see notice at http://www.stormlake.com/ page 5C or get a copy at the Sheriffs office
To go to the Buena Vista Assessor's link click on the article's title
Sale July 10th - downstairs in Buena Vista County Sheriffs office (court house)
Judgement approximately $17,500, but see actual notice

Property assessed at $61,020

Could be an excellent buy, need an attorney to ensure there are no liens or judgements recorded against the current owners.

My Personal strategy: After I get the go ahead from my attorney I would go directly to the sellers and buy it before the sale. At this price you could even afford to give the Sellers something on top of getting them out of a foreclosure. A little extra money is a good incentive to have them clean up the property prior to moving out and it can help them get a new start without the black mark of foreclosure on their credit report.

Remember mark this blog to stay up to date with Storm Lake and the surrounding area's Real Estate trends! Go to www.SLRealtyCheck.com to see local homes, info on rentals, investor info, sign up for a great free reminder service and a lot more.

New Storm Lake Housing Development - not a local contractor


Twenty one residential lots are planned for single-family home development on Storm Lake's north side. Des Moines based Colby Development requested their initial plat and zoning changes to the area be approved by the Storm Lake Planning and Zoning Commission.

Colby Development is planning to build single-family homes on all 21 lots. The Planning and Zoning Commission recommendation will be presented at the Storm Lake City Council tonight at 5:00 pm.

Please respond to this if you have an opinion one way or the other that a contractor out of Des Moines appears to be going to get approval for this project. Should it have gone to a local contractor?

6/02/2007

Real Estate Investor Links

New to real estate investing - check out these links, articles and additional blogs. Add these to your favorite list to keep you in tune with what's going on in this great area of investing.

One site I really like for the down home way it comes across is www.realestateinvestingfixers.com lots of before and afters and very good info on how they did it. Another is www.biggerpockets.com, it has so much info you could get the equivalent of a Real Estate Investor associate degree in about 2 weeks - just kidding.

Every real estate investor is in search of a really good tax advisor - check out this web site www.realestateinvestingtax.com. Lots of good info you need to know including 1031 exchange and how it works!

Rather see a video or download to your iPod (I love this, I can listen while I drive, cook or walk Spike) every week a new topic, go to www.getrealrei.com - great short teaching modules, a blog to search for info you need to know, ask a question and a lot more.

Great article on predatory lending http://www.mortgagelowdown.com/2007/02/will_the_suitab.html

Aurelia Iowa - Next Big Real Estate Investor Spot




Aurelia is 13.1 miles from Storm Lake, 8.1 miles from Cherokee and 7.2 miles from Alta. The real estate market is slow slow slow! A number of houses have been on the market over a year, several apartment buildings are available. Need I mention the new ethanol plant slated for fall - contractors need places to live, employees also need homes.
Shown at left is the dining room of a 3 bedroom, completely remodeled, ranch home with a 2 car garage and shop - listed for $62,000!
So, you say, if it's such a good deal why haven't you invested there? Only one reason, we have two projects inb the works - a 4-plex that is a complete remodel and a laundrymat. Need I say more?
Money is still pretty cheap, so if you want to begin investing check out some of the Real Estate Investor tools and take a drive to Aurelia. Call me if I can help!


5/30/2007

LakeReport: Number of Foreclosures Projected to Increase by 30% Over 2006

economy.com
LakeReport: Number of Foreclosures Projected to Increase by 30% Over 2006

State of the Real Estate Market in Storm Lake and Alta Iowa


There's been a lot of negative press on real estate lately, foreclosures up, too much inventory, over building by contractors. The local market continues to be the exception to the rule. Storm Lake and Alta are still solidly in a Seller's market and as a realtor if I don't stay ahead of the market by the time a property list in the MLS (Multiple Listing Service)they already have accepted offers. If you are thinking of selling - Git er done!!!

Acreages are selling fast, but they should be in fairly good shape - including the out buildings. Ranches are the best sellers hands down in our area and have been for several years; the main reason is living on one floor. If you are thinking about building or remodeling keep this info in mind.

The latest rage in local real estate is staging - staging is having someone come in and set the house up like a display in a magazine or furniture store. Does it work, you bet it does! Staging can be done in an occupied home or a vacant one, it is especially successful in new construction and vacant homes. Staging can be done by a number of business or people, and yes there is normally a fee. The fee is usually based on the items used to stage the home and the time the items will be in place.

Storm Lake Properties sold in the last 30 days: 20
Address --- List Price--- Sale Price--- Days on Market

420 Lake Ave Condo D --- $99,900 --- $97,000 --- 522
710 Walnut --- $89,000 --- $80,000 --- 265
315 Lake Ave--- $159,000 --- $147,000 --- 268
123 Superior --- $30,000 --- $15,000 --- 192
111 Superior--- $59,900 --- $55,500--- 102
1516 Hyland Dr --- $69,900 --- $65,000--- 93
716 Barton--- $115,000 --- $110,000--- 58
617 Iowa St--- $137,750 --- $120,000--- 57
1109 Seneca--- $66,900 --- $61,500--- 63
813 Hyland Dr --- $65,900 --- $65,000--- 44
224 Oneida--- $32,500 --- $31,000--- 3
600 W 5th--- $38,000 --- $35,000--- 3
307 Superior--- $33,500 --- $31,000--- 3
602 Otsego--- $31,000 --- $30,000--- 3
112 N Emerald--- $145,000 --- $140,000--- 28
906 Highview Dr --- $116,000 --- $107,500--- 6
305 E 10th--- $93,500 --- $93,500--- 28
318 E. 10th--- $55,500 --- $52,000--- 10
217 Cayuga--- $105,000 --- $100,000--- 13
Price ---High $147,000 ----Low $15,000--- Average $75,579

Alta Properties sold in the last 30 days: 3
Address--- List price--- Sold Price--- Days on Market

802 W 2nd--- $279,000--- $230,000 --- 344
1306 Peterson St--- $198,000--- $190,000 --- 67
1310 Peterson St--- $153,900--- $150,000 --- 17
Price ---High $230,000 --- Low $150,000--- Average $190,000

Remodel Pictures - 4-Plex Alta Iowa

Finished Kitchen - New cabinet doors, hardware, paint, appliances etc... Scroll down for more pix!



Kitchen before new door, to new bedroom and bath


New doorway underway to new bedroom and bath


New bedroom and drywall lift looking into the kitchen


New bedroom looking into the new bath



New drywall on ceiling in 2nd bedroom


New paint, trim, door, light and fan in livingroom (and Spike's home away from home)


Spike our company mascot - come by and see me at the office at 106 W. Railroad Street, Storm Lake Iowa


If you want to discuss projects like this and how you can get into one give me a call 712-574-5426, or email me Georgia@SLRealtyCheck.com

4-Plex Project in Alta - 1st apartment RENTED!!!

Number one is complete, as usual we pushed it to the very last minute. Somehow I always budget enough time, plus some but we manage to use it all. Normally we would begin advertising about 30 days prior to completion, but these guys came in my office and needed just what we had. This apartment was never advertised and we try to secure tenants by word of mouth. They seem to be just plain better tenants when they are referred from someone we know - but the same rules apply to everyone. The tenants are now enjoying the new paint, new cabinet doors, added bedroom and bathroom, new dishwasher, new appliances, new lighting, new shower, new doors, and a lot more.
For me personally, I am glad it is done. Taking a week off and then on to demolition for number 2 and 3!

Check back for pictures, they will be posted asap.

4/30/2007

The Saddest Day of my Life

Yesterday was the saddest day of my life, a dear friend's (Karyn Brophy) son lost his life in Iraq. His name is Brian Botello and he is a hero, he liked the military and had just reenlisted for 5 years. He will be greatly missed by everyone who knew him from Iowa to Illinois to Arkansas to Nebraska and so many more.

Brian's sacrifice was not in vain, he believed in what he was doing and he died doing what he believed in. There are some who would have us simply remove our troops from the area. I am not one of those people and I don't believe Brian was either. What is the answer; I don't know, but I do believe we need to continue aggressively pursuing those who would come here and kill us without a second thought.

For everyone out there who thinks tolerance is the answer, read the Koran. Those who live by it do not voice tolerance. Christians are taught to turn the other cheek and I do consider myself a Christian. However, Jesus is not a mild timid God, He drove the money changers out of the temple and He will come back as a lion not a lamb.

If we fail in the Middle East the next place troops will deploy will be here in America. I do not like war, most of all I don't want soldiers and their families to suffer but we have a mission to accomplish. We have troops there who are depending on us as Americans to do the right thing - tolerance of and closing our eyes to those who would kill every American alive, I don't call that doing the right thing, I call that COWARDICE!

4/20/2007

Blaze - the newest addition to the RES office family!

This is Blaze, and she is a small mix who is fast becoming the best freind of one of our excellent office ladies - Carol.
 
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4/16/2007

Day one Alta Main Street 4-Plex

 
 
 
 

This is the first inside picture, cabinet doors are off, appliances are ready for pick-up. Holes in walls have been repaired, wall plates are off, walls are primed, wall color is cut in on 75% of the Kitchen - Living room space. We started by using TSP (trisodium phospahate) on the walls to clean and degloss them. This can be purchased at most stores and I apply it with a sponge mop and a hand sponge - wear gloves. It does not have to be rinsed and it does clean and degrease/degolss as good as any other product I've tried.
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4/09/2007

Verbal Iowa Real Estate Contract???

Verbal offers to purchase real estate are totally worthless. If you are buying, selling, or negotiating for real estate be sure everything is in writing, seems like a no brainer doesn't it? You would be amazed (or maybe appalled) at how many people (including some real estate "professionals")think verbal is good enough WRONG!!! No matter what is said, the only thing that counts is what's written down signed and dated.

If you get involved in a real estate transaction where anyone insists in doing things verbally, RUN!!! and I mean run fast. Who will determine who said what - A JUDGE!.

A real estate "professional" who insists on doing business verbally shouldn't be a licensed real estate agents. Iowa has a little thing called the Statute of Frauds, it is a rule that dates back to 1677 in England, it has always been in effect in Iowa real estate dealings. The Statute of Frauds is a fundamental rule of contract law - it states that all contracts for the sale of real estate must be in writing to be enforceable.

What is the advantage of doing things verbally? If you are honest, I can't thing of one single reason to do business verbally, not to mention it's illegal, but then I may be the wrong person to answer that since I am a Real Estate Professional!

4/04/2007

Number of Foreclosures Projected to Increase by 30% Over 2006

According to the chief economist of Economy.com the foreclosure rates are rising, 2006 had approximately 900,000 and 2007 is projected to have 1.3 million.
The reasons for the increase are 2 fold:
1) Adjustable rate (ARM mortgages) are adjusting
2) Changes in the sub prime loan market (tighter criteria)has resulted in ARM holders being unable to refinance for a better rate

Some of you have noticed properties on the StormLakeMLS.com web site that have the owner noted as corporate - the majority of those are foreclosures. Real estate markets are all local so things that impact other markets may not be seen in ours, however we are feeling the influence of the sub prime market changes.
Personally I am not a fan of most of the sub prime loan products. In my opinion the majority of sub prime loans, signature loans and unverified income loans are predatory lending. In other words, the only one benefiting from them is the lender.

End result more people unable to make their mortgage payments, more foreclosures, more stress for everyone, more spouse and child abuse, more crime, more suicide and higher taxes WHY??? so we (tax payers)can cover bad financial institutions GREED.

I don't have THE answer to this massive problem, I wish I did, I would travel town to city and shout it from the roof tops to save families so much anguish. All I can offer is good advice to my Realtor colleagues. Maybe I should structure it as a plea, please, please help your Buyers with their financing. Many Buyers don't understand that the rate and terms a financial institution gives them are both subject to negotiation.
Take their good faith estimate (received AFTER you have given the financial entity a copy of the accepted offer)and help them shop it around to make sure they get the best deal. I personally think getting my clients the best deal all the way around is what I am obligated to do - don't you?

4/03/2007

Early Iowa Kitchen Remodel - COMPLETE

 
 
 
 
1) New floors, some cabinets and part of the counter top
2) Under cabinet lighting
3) New appliances, ceiling fan and all!
4) New Kitchen and Really handsome contractor
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Early Iowa Remodel 3/4 of the way there

 
 
 
 
1) Oh, there's my glove
2) All hands on deck - this is a team effort
3) The Big R installing new wiring
4) DryWall!!!
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Early Kitchen Remodel Saga - Installment 3

 
 
 
 
1) New Floor
2) Big Tools!
3) One really ugly window disappeared
3) Insulation and wiring whoooooowho!!
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Early Kitchen Remodel Saga continued

 
 
 
 
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Early Kitchen continued
1) Entire area down to studs
2) Big hump in floor solved! - Dry rotted floor joists
3) New straight strong floor joists
4) New PVC - what a great smell in the morning, PVC glue and fresh sawn wood

4/02/2007

Early Iowa, Kitchen Remodel

 
 
 
 
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Early Iowa Kitchen remodel
1) Before
2) Eating area of kitchen
3) Kitchen Gutted!
4) Down to the lath

4/01/2007

Local Property Sells in Less Than an Hour - Seller's Market in Alta and Storm Lake Alive and Well - For Now



We are in a Seller's market, but it is changing fast. The last 2 properties I listed, above on the left, 1610 Peterson Street (Alta) $153,900 - 1500 sq/ft 4 br and 2.75 ba and on the right 112 N. Emerald (Storm Lake) $145,000 - 1392 sq/ft 3 br and 1 3/4 ba sold quickly. Emerald sold within an hour of listing and Peterson sold within a day of listing.

I plan to list another on Monday and I have 2 Buyers looking for a home with that criteria. Another agent I work with wants to get into my new listing as soon as the ink is on the contract.

What gives? It is a Seller's market, in other words there are not a lot of properties on the market but we are getting more every day and soon it won't be a Seller's market (more Buyers than properties)it will even out and probably become a Buyers market (more properties available than Buyers).

My properties have tended to sell fast because I do a competitive market analysis that defines a very accurate range the market will pay for any given home or building. I have a detailed plan including checklists to get a property ready, a number of websites expose my properties to out-of-state and local Buyers(including this blog), I work with the top agents, I use extensive marketing to reach multiple Buyers, I stay connected and active in the community and most important, I won't list an overpriced property.

If you want to sell and take advantage of the local Seller's Market the best time is probably within the next 30 days, maybe 45 baring anything out of the ordinary happening in the mortgage rates and local economy.

2 - Alta Iowa, Main Street Revitalization Projects



Two projects are planned by yours truly to be completed this year. They will be done simutaneously and both will improve Main Street in Alta. This is the way we like to invest, we make a difference while we make a living - it doesn't get better than that!!!
The projects are both commercial - one is a 4 plex and the other is an old building (the former ROCK) that will become a great new and much needed modern laundry.
The four plex will become a 3 plex (residential - 2-2 bedroom apts and 1-1 Bedroom apt)and the remaining apartment (street level front)will become a professional office.
We will blog the entire process for each building including before and after pictures.
Both my husband and I enjoy teaching real estate investors but it is hard to teach what we do in the constraints of a classroom. I've been to a lot of houses and buildings with your guys to discuss project possibilities and I love to help you dream and build those dreams. Ronnie and I thought these 2 projects would be wonderful unique opportunities to let you look over our shoulders and probably do a lot of laughing with us and at us as we climb this mountain together.
STAY TUNED!

3/31/2007

Buena Vista County, Iowa - Property Valuations up 10% - 20%!!!

Agland and residential real estate have increased since 2005 - BUT they have not increased 10-20%. Agland is calculated on a 5 year rolling average according to Kathy Croker (BV County Assessor). Residential real estate is based on actual sales in 2006. The importance of comparable properties and the criteria for those properties when you sell or purchase a home are noted in a previous post. CMA Post Link

Both Ag and Residential will be subject to equalization by the State of Iowa but start preparing now. Contact a Realtor or an Appraiser if you think you assessment is incorrect (you will have it by April 15th). A Realtor can do a CMA (Competitive Market Analysis) and an Appraiser will appraise your property - both can show what the fair market value of your property actually is. This is very important because this amount is the one you should be taxed on.

The assessors will notify you by April 15, and you will have until May 5 to appeal the new assessment. To appeal you will need to be armed with facts that show your home has been assessed higher than the actual fair market value to get the taxes reduced.

Pay your fair share, but don't you work too hard to give your money away?

3/27/2007

CMA - the most important tool next to your agent

Storm Lake and Alta sellers get ready, it's a seller's market but more and more properties are listing every day.

So what, you say - well if your home isn't a lake home priced over $400,000 and it's been on the market for a while (over 60 days), without an accepted offer something is wronge- we are in a Sellers Market. It could be you are not correctly priced - how do you know if you are priced right? That's where your agent's skills and the CMA (competitive Market Analysis) come in to play. CMAs have to be accurate to be of any value - that means:


  1. Properties used in the CMA must have sold within the last 12 months
  2. Properties used in the CMA must be of similar structure and square footage
  3. Properties used in the CMA must be in the same area/town your home is located

*Incidentally this process is very close to what the bank's appraiser will use

What's that? Your agent didn't do a CMA to guide you as to where you should price your home, they asked you what you wanted to list at?

YOU ARE IN BIG TROUBLE unless you guessed really good, and chances are you didn't.

Let me share with you what will happen when I show your property to one of my buyers

  1. If my buyers are interested in making an offer on your property I will do a CMA to make sure your home is priced correctly for the market - I use all the criteria above. I do this because I am looking out for my client's best interests.
  2. If my CMA doesn't produce a listing range that includes your home price, I will call your agent and ask them for the comparative properties they used in their CMA to arrive at the price they listed the home at.
  3. If they say, "I didn't do a CMA, I just listed it where the sellers wanted to be or if they give me bogus properties (those that don't fit the proper criteria) I discuss that with my Buyers
  4. I recommed they do one of 2 things - first walk away because you (the seller/s) are not serious about selling or second we make an offer including the CMA I did to backup our reasoning.
  5. If I have a Buyer who loves your house and decides against the CMA results and recommendations to offer higher than the CMA results You may be in even bigger trouble trouble - if my Buyer needs financing (about 99.9% do) the bank will do an appraisal and use nearly the same criteria I used in my CMA.
  6. If the bank decides the house is not valued at what my Buyers offered, they won't make the loan - result - no sale.

Don't risk a no sale, or no offers on your home - you are paying a lot of money to be represented by a Brokerage, get your money's worth.

Personally, I won't take an overpriced home. Why - because basically the agreement you have with me is an employment contract, you are hiring me to do a job - sell your home. I can't perform on that contract if you insist on pricing it unrealistically. Even if I could sell it, there is a good chance the bank would not agree with the price and not loan on it and now there are 4 unhappy parties - you the Seller, me the listing agent, the Buyer and their agent.

It is really simple, I won't list a home too high just to get the listing and then later figure I can drop the price, to me that's an unethical practice. It is also an ethical practice to the National Association of Realtors.

Check out the NAR Code of Ethics and Standards of Prcatices

Take home - choose your Realtor very carefully, you are paying a lot because your agent has a lot of work to do. Let them do their job and insist that they do the research to help you position your home to sell.

3/26/2007

Free Rental Listings for Residential Property in Alta and Storm Lake Iowa

Our office has a list of some local landlords and we give it out to anyone who comes in and askes for it. Renters can look in the newspaper, talk to the Chamber of Commerce but there isn't a one stop shop for all rental property available in Storm lake and Alta. That's a big problem if you need somewhere to live or if you have a property to rent.

As you know I am a landlord (par excellence, I might add) and I have been frustrated with the existing mish-mash system so I have a solution. Best of all it is free to local residential landlords!

My real estate website www.SLRealtyCheck.com is building a page with all local landlord info, if you would like to be added send me the following information:

  • Your name, phone number and email if you want to receive requests online ( yes, you need to check it more than once a month!)
  • Location of rentals (Alta and Storm Lake only)
  • Types of rentals, ie houses, apartments, acerages, bedrooms and baths
  • Pets and smoking - allowed or not

Example:

Georgia Weaver, XXX-XXX-XXXX, Georgia@SLRealtyCheck.com

Location - Alta

Types - 3 apartments(1-2Br, 2-1Br, 1 ba each) 1 house (3-4 Br, 1.5 ba)

No pets or tobacco any of our properties

Rental Rates in Buena Vista County - FYI RE Investors

FYI according to City-Data.com BV County has the following rental averages
1 Bedroom Apartment - $391
2 Bedroom Apartment - $512
3 Bedroom Apartment - $614

How does your rent stand up to those numbers?

LakeReport: Methamphetamine contaminated properties - mandatory disclosure? Testing?

LakeReport: Methamphetamine contaminated properties - mandatory disclosure? Testing?

3/24/2007

Farmland Prices in Iowa

With all the ethanol and bio-diesel plants going in the price of agricultural land is climbing. Overall Iowa experienced a 14% increase in the last 6 months! Now that's a return I'd like to get. My experience is that good crop land is selling for about $4,500 an acre in this area. The state average is $4,313 so we are a little higher. There hasn't been a lot of land change hands in Buena Vista County and what has is estate land.
Farmers are getting top dollar for corn and soybean they can afford to buy land as it comes available. Few real estate investors, who aren't already crop farmers, are investing in ag land. I believe the reasoning for this is the amount of knowledge required to know what type of land you are buying and how to rent it if you don't farm it yourself.

Ethanol Plant for Alta

The 115 million gallon a year plant is a go! Denver based BioFuel Energy LLC plans to begin construction prior to June this year at the site located between Alta and Aurelia just off Iowa highway 7. Buena Vista county gave BioFuel ENergy LLC a $7.875 million tax abaement over the span of 18 years.

A previous post noted the number of homes available in Aurelia, if you would like to do a little real estate investing it may pay to take a drive.

$775,000 Lake Front Property on Storm Lake























































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Lake Houses on Storm Lake

"How do you justify the price of lake houses on our lake?" That was the question before the person on the other end of the phone even told me their name.
My answer, "Simple rules of supply and demand." " Lake property is in short supply, houses on lake property in our area are in short supply, short supply and high demand push up price."

Lake houses are expensive, but they do sell, so in my opinion they are not priced too high. Correct pricing is critical to selling a home, lake properties can stay on the market longer than other homes but part of that is due to the limited number of buyers in that price range.

Gone Fishin' in Alta, Iowa for a Great Cause

Friday, April 13 a benefit concert aptly named, "Gone Fishin, will be presented at Summit Evangelical Free Church in Alta. The Christian music artist include some of our homegrown talent - HC Derksen. The proceeded go to Christian Motortcycle Association's "Run For The Sun", and Campus Crusade, Open Doors and Missionary Ventures. Other artists scheduled will be : Solid Gospel Praise, Elaine Peacock, SOS and Dallas Clark. Tickets are available for $15 pre show and $20 at the door, at Salt and Light Books and More in Storm Lake, Village Boutique in Aurelia, Builder's Sharpening in Cherokee and On Eagle's Wings in Spencer or call 712-200-9255.

77 New Condominiuns on Storm Lake - Just the Beginning?


Sunset Bay is scheduled to start moving dirt by the middle of April on their initial phase of construction. This phase is slated to result in 77 high end condos being completed by early spring 08. Phase 2 will add another 33 if the initial 77 sell. Eight floor plans that are 1 or 2 bedrooms with square footage ranging from 1,100 to 1,650 and anticipated. A fitness center, club room, centrally located elevator and underground parking are available to all residents. According to the local representative about 50 of the units have been spoken for. Check out the AWAYSIS.com website

Storm Lake Area interest - happenings

The Relay for Life is beginning to gather speed - no pun intended. This is a great event, please give to this if you can. The event is June 23 at the Storm Lake High School Track, all proceeded go to the American Cancer Society. For more information contact Bev Wetherall or Carol Wadsley at 732-7594. Be a blessing to someone less fortunate.

Real Estate Investors in the Storm Lake Iowa area - listen up

Just found a website every real estate investor needs to have at the very top of their favorite list www.biggerpockets.com
This site has a lot of tools including a property analysis spreadsheet I just ran 2 commercial bulidings through. I was so impressed with the results I printed them and used them to take to the bank as part of my proposal. Check it out, and get ready to be amazed!

3/23/2007

Wyoming Driftwood - Life's Complexities

Drift wood found on the lake shore in Wyoming, reminds me of the complexities of life.
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3/22/2007

Real Estate Growth in Storm Lake Iowa Area

Last post was aimed at becoming financially independent, this one will address some ideas to think about.
Fact: Aurelia has a large number of homes for sale - some are deals
Fact: A new ethanol plant going in between Alta and Aurelia - need housing for construction people
Fact: New plant will bring in some personnel but hire most locally (if previous plants are any indication)
Fact:Major growth in Storm Lake - AWAYSIS project, King's Point Resort, new marina, Little Storm Lake improvement, .......
See any opportunity?

Storm Lake, Iowa in Spring = Buyers

Warm weather is moving in and so are buyers. We have seen a large increase in the number of people looking for homes in the last 2 weeks - a sure sign of Spring!

The Storm Lake and Alta market are both seeing activity, it is a Seller's market currently with more buyers than sellers.