Storm Lake Iowa MLS - Homes Selling in Record Time

Another Storm Lake MLS home sells in 1 day! 413 Prospect Street is a great home, 4-5 bedrooms, hardwood floors, quiet neighborhood, fenced back yard, landscaped with flowers and trees and low taxes. Looking in Storm Lake Iowa for a home for sale or looking for a home for sale in Alta Iowa - have your financing complete and be ready to go see new listing as soon as you see them come on the Storm lake MLS. Better yet call me and I will call you as soon as a new homes is listed for sale in Storm Lake or Alta Iowa.
Call Georgia Weaver 712-291-0118 or email me your home buying criteria and I will put it into an automated search and both the search and I will notify you of any new home listing on the Storm Lake MLS as soon as they go on the real estate market.

Judge In Real Estate? Who Pays For Him to Run This RE Business and His Secretary to Collect Rents and Represent Him? The Tax Payer?

A very troubling article on REALTOR Magazine's website.

Apparently  a judge in Philadelphia, a Willis W. Berry Jr. has been able to avoid prosecution for running a real estate business out of his chambers because the DA declined to prosecute.  Apparently Berry has been suspended and asked to resign but has declined.

Who exactly pays Berry; isn't it the tax payers, I don't think they are paying him to do real estate? And who pays for him to have a secretary, yep I think it is again taxpayers and I am sure the Pennsylvania taxpayers don't pay to have this person manage the judges real estate.

Interested in Investing in Real Estate? Check out Lease Purchase, A Very Viable Option!

Want to invest in real estate, but strapped for cash? This article by James Kimmons He is a master of explaining the process and exit strategy. This is a very viable option especially today with so many properties in trouble.

New Real Estate Brokerage Opening October 29th - Alta Iowa

It is finally done, I go to state tomorrow with my Associate Broker's license and come back a Broker Owner! I am excited and very thnakful to all of you who encouraged me and believe in me. You know who you are, I will be forever in your debt. And I would also like to thank my previous broker Joe Aube, for being great about this decision and for creating an environment that encouraged me to be what I needed to be.
Expected office opening date is October 29th, 2009
Office Location is in ALTA!
My biggest goal, of course, is customer service like has never been experienced in this area. Stay tuned :)

Storm Lake IA MLS Weekly Real Estate Market Report

Weekly

Storm Lake MLS

Market Statistics -10/7/09


Storm Lake
Available Residential Properties - 67 homes

Properties with offers -6

Sold in last 30 days - 8 homes



Alta
Available Residential Properties -16 homes

Properties with Offers - 0

Sold in last 30 days -6



Storm Lake Iowa and Alta Iowa properties are

listing and selling, our market is very strong. Information taken from the Storm LakeMLS.

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.

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.

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!

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 . . ."

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.

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

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

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!

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!

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

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?

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.

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.

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/