Coming Soon…..and walking distance to Tim Hortons!
Adorable Maplewood home with all the charm of yesteryear with todays modern comfort.
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A bathroom renovation is something that really makes a huge impact in your home. And looking at this 1960s/ 1970s gem you can see how much it’s needed.
So what’s the plan with the bathroom you might ask:
Let the fun begin!
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Here it is…..our newest home to flip! Or are we?
So we were fortunate enough to purchase this cute little home to flip. Its been a few years since we were flipping homes and wanted to get back into it, luckily many things happened which allowed us the opportunity to get this home. We have owned the home for a few months now and had full intentions of flipping the house. But as with many things in life, things change. So this will be our first rental home. Why are we renting it instead?
Simply put, the home investment area of our market has become very difficult. What I mean is there is some intense pressure among home investors and the competition for properties is pretty fierce. So while I know we would make a pretty good profit on this home the problem is finding another home to roll it into. Since this was such a great home to start with the idea of making it a rental home was a better choice.
So I know your tired of reading and want some pictures, so feast your eyes on this beauty!
So she is a little rough….or a lot rough, depending on your view. For me I see a lot of cosmetic work and updating that is needed. So follow along and see what it really takes to flip a home. This isn’t TLC, so don’t expect this to be done in 3 weeks for $5,000. This is the reality of flipping homes and the ups and downs of doing it.
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Just listed this wonderful ranch style villa in Valley Park. Some of the updates include: roof, ac, furnace, kitchen, flooring, electrical, and so much more! Monthly fee’s are only $25.50 and include a community pool! Don’t miss this great opportunity.
More pictures and information can be found here.
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Fenton had a great July with home sales! Overall there were 59 home sales and over $13,000,000 in volume sold. Add to it that the average days on market was 60 (in line with St Louis County) and sellers really had a great month. Our current months of inventory is around 3 months so there is a sellers market at play in Fenton. Buyers need to be ready to pay near asking price and willing to write an offer within hours of seeing a home or there is a good chance that home will be sold.
August should still be a good month for buyers and sellers, we will see a slight pullback in inventory due to the school season starting up but rest assured the few months ahead should bring good numbers for everyone involved.
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July was a great month in St Louis County home sales. Using data incorporating the biggest school districts in St Louis County we can see some positive numbers. Total residential homes sold was 728 with a volume over $220,000,000! To make matters even better the average days on market was just over 60 days which isn’t too bad considering how many properties did sell. The outlook for August is still positive. We might see a slight pullback due to many school districts starting the new school year but overall it should still be good for both buyers and sellers.
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Here is a market update for St Louis County.
Home sales in the county have been steadily increasing over the past 6 months. We had a huge surge of buyers and a lack of inventory around the March time frame. Since then inventory levels have increased and we are starting to see a more neutral balance. There are some hot spot area’s where a sellers market is clearly evident but for the most part the market is neutral.
What does this mean for you? If your a seller with an exceptionally updated home priced well you could possibly see a multiple offer situation with a sale price at or above your asking price. If your a buyer you need to call your Realtor as soon as a nice home comes on the market and see it the first day. You may not have until tomorrow to see that home, and you need to be willing to pay close to full price.
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Here is an update on home sales in 63026
Over the past 12 months we have seen some consistent sale numbers in the area. Once 2014 rolled around the original sale price spiked in March. That was expected due to the low inventory we were experiencing. What you can see now is a leveling off of the original sale price and a steady increase in the actual sale price.
What does this mean for you? Sellers are getting more realistic on the asking price of their home, and the buyer pool has increased which means home prices are near and often times over asking price. I would say the market is neutral for the most part. With exceptionally updated homes priced well……those become a sellers market with multiple offers.