St. Louis Real Estate Market Watch – May 25th, 2007

Filed under: First Time Home Buyer, For Buyers, For Sellers, Real Estate News, Relocation Buyer, St. Louis Market Reports, Unrepresented Seller(FSBO)

Successfully Pricing Homes in a Shifting St. Louis Real Estate Market

The Anatomy of the St. Louis Real Estate Market 

The The St. Louis Home for Sale Team provides a weekly St. Louis County Market Report to review, question, comment on and plug into your home buying or selling scenario.  Of particular interest is that in almost all price catagories sellers are pricing homes lower than the same period one year previous. The 500–549 price range is very active with a pending ratio of 38.5% and only 2.7 mo’s inventory on hand.

St. Louis Real Estate Market Watch for May 25th, 2007

Benchmark Report for May, 2007

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Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.27.2007

Kirkwood Missouri Real Estate Market Snapshot!

Filed under: First Time Home Buyer, For Buyers, For Sellers, Kirkwood, Neighborhood Reviews, Real Estate News, Relocation Buyer, St. Louis Market Reports

Successfully pricing homes in a shifting Kirkwood Missouri Real Estate market.

As a complement to our weekly Market Watch Report for the entire St. Louis County Real Estate Market, the St. Louis Home For Sale Team is highlighting an area of St. Louis County each week. This week we are taking a snapshot of the Kirkwood, Missouri Real Estate Market.

The “Weekly Snapshot” has been expanded to include, Ranch, Multi Level and Condo, single family residences. The snapshot features single family residences that were listed and sold in the past 6 months. For a detailed report specific to your property you can request a Comparative Market Analysis(CMA) from the St. Louis Home For Sale Team. This service is absolutely free and without obligation.

Market Statistics for Kirkwood, Missouri

Tags: St.+Louis+Real+Estate+Market+Snapshot, Chesterfield+Missouri+Real+Estate+Sellers, Chesterfield+Missouri+Real+Estate+Buyers

Posted by Doug Aegerter   |   Read More   |   1 Comment »   |   05.24.2007

I want to sell my home! What’s it worth?

Filed under: Appraisal News, For Sellers, Real Estate News

Determining the value of St. Louis Real Estate isn’t rocket science!

Unless of course you take the simplistic method and place your faith in a “web site mash up” that tries to do it from outer space!

In which case, you’ll probably wind up in the “expired listing” column, unhappy with your outcome, unable to move forward, and peaved at everyone but yourself.

If you don’t trust a professional realtor, that has access to neighborhood data via the MLS, to do an acceptable CMA for free, then pay for a professional appraisal. Find an appraiser that does appraisals for “mortgage lenders”. Why, because mortgage lenders won’t be making loans for over valued property, especially in todays environment.

Here is a first hand sad story about SillyO, a web mash up and a real unhappy seller. My comp’s said the property was 650,000 low end and maybe 700,000 plus in a good market with the house spiffed up. . .not upgraded. . .just top showing condition. . .even recommended a “staging company”. SillyO shot a 850,000 to 900,000 figure from outer space, and the seller wouldn’t relent. Seller wouldn’t do any spiffing either. Do I need to go on. Still on the market, 270 days later, still priced at 750,000, and could count the showings on one hand. In the meantime, ignore the buyer feedback, don’t get an appraisal and “keep on keeping on”.

But this isn’t a story about an unhappy seller, it’s really a story about “web mash ups” and the disservice that they provide to the already screwed up real estate market. I comped the home on all of the “mash ups” tonight and guess what. . .low value 900,000, high value 1,200,000.

Guess my seller should call on one of the “mash ups” and see if they’ll buy it.

Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.21.2007

St. Louis Real Estate Market Watch – May 18th, 2007

Filed under: First Time Home Buyer, For Buyers, For Sellers, Real Estate News, Relocation Buyer, St. Louis Market Reports, Unrepresented Seller(FSBO)

Successfully Pricing Homes in a Shifting St. Louis Real Estate Market

The Anatomy of the St. Louis Real Estate Market

The The St. Louis Home for Sale Team provides a weekly St. Louis County Market Report to review, question, comment on and plug into your home buying or selling scenario. Of particular interest is that in almost all price catagories sellers are pricing homes lower than the same period one year previous. The 500–549 price range is very active with a pending ratio of almost 50% and only 2.4 mo’s inventory on hand .

St. Louis Real Estate

Market Report for May 18th, 2007

Benchmark Report for May, 2007

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Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.20.2007

Chesterfield Missouri Real Estate Market Snapshot!

Filed under: Chesterfield Valley, First Time Home Buyer, For Buyers, For Sellers, Neighborhood Reviews, Relocation Buyer, St. Louis Market Reports, Unrepresented Seller(FSBO)

Successfully pricing homes in a shifting Chesterfield Missouri Real Estate market.

As a complement to our weekly Market Watch Report for the entire St. Louis County Real Estate Market, the St. Louis Home For Sale Team is highlighting an area of St. Louis County each week. This week we are taking a snapshot of the Chesterfield, Missouri Real Estate Market.

The “Weekly Snapshot” has been expanded to include, Ranch, Multi Level and Condo, single family residences. The snapshot features single family residences that were listed and sold in the past 6 months. For a detailed report specific to your property you can request a Comparative Market Analysis(CMA) from the St. Louis Home For Sale Team. This service is absolutely free and without obligation.

Market Statistics for Chesterfield, Missouri

Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.15.2007

Buying or Selling St. Louis Real Estate, here’s great advice!

Filed under: Building Inspection News, First Time Home Buyer, For Buyers, For Sellers, Real Estate News, Relocation Buyer, Unrepresented Seller(FSBO)

Another great article from our guest author and building inspector – Harry Morrell.

Home inspectors look closely at each component of a home very carefully during the inspection. However, no component is more closely looked at than the electric service. Faulty wires and their equipment are the number one cause of house fires. No inspector ever wants to get that phone call saying a fire occurred in a house recently inspected as a result of faulty wiring.

Aluminum wiring in residential construction was installed in thousands of homes across the country mostly between the years of 1968-1972. Aluminum proved to be problematic both by reduced current carrying capability and mechanically at the connections. Aluminum has a greater tendency to thermal expansion than copper. As current heats an aluminum wire it can expand out and around the contacts of a terminal. When the wire cools, the aluminum contracts, leaving small gaps between the conductor and the terminal. An arc can come across these gaps when heat is produced. Fire may result from this event. Of course this is the worst case scenario, but it only takes one or two of these events before the code steps in, puts their foot down, and does not allow aluminum to be installed in residential construction.

So, how does your inspector deal with the aluminum wiring issue in the year 2007? Read the rest of this entry »

Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.14.2007

St. Louis Real Estate Market Watch – May 11th, 2007

Filed under: First Time Home Buyer, For Buyers, For Sellers, St. Louis Market Reports

Successfully Pricing Homes in a Shifting St. Louis Real Estate Market

The Anatomy of the St. Louis Real Estate Market 

The The St. Louis Home for Sale Team provides a weekly St. Louis County Market Report to review, question, comment on and plug into your home buying or selling scenario.  Of particular interest is that in almost all price catagories sellers are pricing homes lower than the same period one year previous. Sellers finally get it! The 500–549 price range is very active with a pending ratio of almost 50% and only 2.3 mo’s inventory on hand – go figure?

St. Louis Real Estate  

Market Report for May 11, 2007

Benchmark Report for May, 2007

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Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.12.2007

Ballwin Missouri Real Estate Market Snapshot!

Filed under: Ballwin, First Time Home Buyer, For Buyers, For Sellers, Neighborhood Reviews, Relocation Buyer, St. Louis Market Reports

Successfully pricing homes in a shifting Ballwin Missouri Real Estate market.

As a complement to our weekly Market Watch Report for the entire St. Louis County Real Estate Market, the St. Louis Home For Sale Team is highlighting an area of St. Louis County each week. This week we are taking a snapshot of the Ballwin, Missouri Real Estate Market.

This report reviews the Ballwin Missouri Real Estate market during the past 6 months and features ranch homes that were listed and sold. For a detailed report specific to your property you can request a Comparative Market Analysis(CMA) from the St. Louis Home For Sale Team. This service is absolutely free and without obligation.

Market Statistics for Ballwin, Missouri

Posted by Doug Aegerter   |   Read More   |   Your Comments Are Welcome!   |   05.11.2007