ParklandHomes-June_15_2018

In THIs IssUE:

becoming a homeowner the pros finance buying tips

Real Estate

E | YOUR HOM YOUR LIFE

Friday, June 15, 2018

Parkland

HOMES

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If you’re one of the five million people who list their home for sale this year, the National Association of REALTORS® wants you to know that when it comes to selling a home, you’re better off using a REALTOR®. Someone who can get the job done in half the time, and can sell it for more than if you sold it on your own. That’s because REALTORS® are experts they have extensive experience staging the home, showing it and attracting qualified buyers to view it.

Work with a REALTOR®, a member of the National Association of REALTORS®, they can explain options in your area that best fit your situation. To learn more, visit HousingMarketFacts.com.

Figure based on The 2007 NAR Profile of Home Buyers and Sellers.

431-1999

EvERy mARkET’S diFFERENT, cALL A REALTOR® TOdAy.

to subscribe to the

Mineral Area Board of REALTORS®.

Farmington, MO 573-756-5576 MineralAreaREALTORS.com

Find your dream home on dailyjournalonline.com/homes

©2008 National Association of REALTORS®

Home of the Week....

242 Autumn Chase, Farmington

Immaculate 4 bedroom, 3 bath home with finished basement and 3 car garage with potential to park 6 cars off street! This home has an open floor plan with large entry foyer leading into a spacious living room with a vaulted ceiling. The kitchen and adjoining dining area make the perfect place to entertain family and friends, walk out from the dining area to the patio and enjoy a large back yard that has been fenced by the current owners, the perfect place to relax. The master bedroom with adjoining bath has a separate shower and jetted tub making the perfect place to end your day. Two additional bedrooms and bath finish off the upper level floor plan. The current owners have done all the work with finishing the lower level to include a bedroom, bath, family room and recreation room with a bar and still allowing for storage. The home has also been freshly painted and kitchen cabinets redone with new hardware.

$199,000

573.747.8099 573.327.8300

CELL

18046832

Best

of the

parkland

2018

e I’ll do th you! for running

OFFICE

Friday, June 15, 2018  PAGE A2

A Realtor® can sell your home faster and for more than you could yourself.

1136B N Desloge Dr. - Desloge

how much can you afford to pay monthly? in addition to your mortgage payment, include property taxes and home insurance.

You can get a rough estimate for insurance based on how much you’re planning to spend on a house, and generally the annual taxes are available through the county or your real estate agent. if you’re putting down less than 20 percent of the total sale, you may have to pay mortgage insurance; ask your lender how much it is.

Planned developments often have homeowners associations that require fees, either monthly or semiannually. how much money do you have?

For most loans, a 3 percent down payment is the minimum buyer must pay. Putting less than 20 percent down likely will require you to pay mortgage insurance. in addition, closing costs run about 3-5 percent of the total cost of a new home. some of those fees, such as an escrow payment and inspection fees, will be paid throughout the proa preferred neighborhood or cess, but most will be paid at school district or closer to closing. your place of work. narrow down what is most important what’s most important? to you and what you’d like to maybe it’s a wide-open layout, a big kitchen or backyard, have in a house but are more

willing to compromise on. how much work can you put into a fixer-upper? don’t be tempted by a house that’s more affordable because it needs a lot of work. a fixer-

upper may be right up your alley, but include the costs of renovations and repairs when you’re looking at total cost of the house. be realistic about how much work the house will

take before you can live in it or in the early months. Figure out what you can do, what supplies will cost and how much a contractor will cost, if you don’t want to do the work yourself.

PAGE A3  Friday, June 15, 2018

uying a house is a big investment – the biggest most of us will make in your lifetimes. when you start looking, it’s easy to get overwhelmed with all the details that you may not know how to make sense of. the consumer Financial Protection bureau offers number of questions you can ask yourself as you start this process.

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b

ready to buy a house?

Daily Journal Weekly Real Estate

real estate guide | becoming a homeowner

Daily Journal Weekly Real Estate Friday, June 15, 2018  PAGE A4

real estate guide | the pros

t

the home buying team

he home buying process can get tricky. Fortunately, whether you’re both the buyer or the seller, you don’t have to do it alone. although entering the process without a real estate agent is an option, having that expert as a partner in your corner can be hugely beneficial, especially for first-time homebuyers.

the people with whom you work in looking for and purchasing a home can make all the difference in how smoothly the process runs. the National association of realtors offers advice on how to find the right agent for you.

FiNd a real estate ageNt you trust a good real estate agent can make a world of difference. real estate agents can connect you with local lenders and other resources, they know what questions to ask of other real estate agents and homeowners, and they can point out issues you may not have noticed, like a street that’s busy only at certain times of day or whether a house is in a flood zone. Find a real estate agent early in the process. this will also make sure you’re looking at houses that are actually available.

Check online databases for agents or ask friends who have recently bought or sold a house who they used. you should interview potential real estate agents, look up their sales histories and be comfortable with them. ask questions you think are stupid. you’ll find yourself asking a lot of questions during the process anyway. Make sure they’re willing to advocate for you.

your real estate agent, who is paid by the seller, will also help you find a title company and an inspector. he or she will be frontline person who handles most of the work.

FiNd a leNder Many real estate agents want proof that a potential buyer can get a loan in the amount offered before they accept the offer, so having a lender early in the process ensures you don’t get held up by paperwork. look

at what different lenders have to offer. ask potential lenders what special loan or down payment program they can administer.

When you find a lender, get the application process started. you’ll need income tax returns,

W-2s, pay stubs, statements for your bank and retirement accounts and records of other assets. your lender will tell you what other paperwork is needed. Make sure your credit is not frozen.

Mary & Glen Hagan 573-701-1690 573-760-4768

#WeMoveThisTown reduced

horse ready

fenced yard

commercial

Daily Journal Weekly Real Estate

Call

View ALL Listings... coldwellbankerhulsey.com

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18037668

Park Hills • $165,000

Big corner lot with side entry garage, Great family home with open floor plan, Three bedrooms & two baths on the main floor. Walkout basement and a very nice ranch style house.

Farmington • $269,900

Farmington • $207,000

Park Hills • $399,000

Fantastic location! Ranch 3 bedroom, 3 bath home vaulted ceiling, open floor plan, 9’ ceiling throughout. The finished basement includes office, family room and bathroom.

Enormous Building at BUSY intersection!

Excellent location. 19,500 sq ft of area for your business adventure. Lots of parking; fantastic visibility. Priced to SELL!

horse farm

Just listed

affordaBle

18010719

Farmington • $322,000

18026666

Wide Open Space! Open floor plan, 3 bedrooms, 3 baths, finished walk out basement. 5 acres fenced & cross fenced, barn with stalls ready for horses.

investors

18024729

18028215

18047244

Park Hills • $169,000

17089559

Farmington • $259,900

Farmington • $69,900

Subdivision lots for sale! 23 Lots in all. Lovely country subdivision. Will sell as a package, not as individual lots.

Horse ready. 24x36 Barn has 3 stalls and water. Hit the horse trails at St Joe Park - only 1/4 mile away. Country home has 3 bedrooms and 2 baths.

Large Country Ranch Home in a Beautiful Setting on 5 acres m/l. Open floor plan, vaulted ceilings & gas fireplace. Master bedroom with master bath & double closets.

Affordable and Adorable! 2 Bedroom home charmer. Freshly painted interior. Wood floors. Insulated garage for storage or workshop has lean-to for more storage.

investment

why rent?

Brick

ponds

17085214

18025385

Park Hills • $32,900

Excellent Buy! Three bedroom home in Central School District. Attached garage, corner lot and priced to sell quickly.

17082789

Farmington • $129,900

Unbelievable buy! 3 Bedroom / 2 bath, Brick ranch style home in Farmington on a large lot and large rooms for just $129,900! Family room has gas fireplace.

16057320

Bismarck • $99,900

Very nice home with great curb appeal in the middle of Bismarck. Convenient location.

Move-in ready! Large living room with see through brick fireplace to the dining room.

Farmington • $124,800

Brick 4 bedroom/2 bath home, barn with stalls plus 2+ car garage on almost 5 acres.

Nice hobby farm that is fenced and cross fenced with 2 stocked ponds.

Build your own!!

Park Hills

$14,900 • 17067381

Bismarck

One of the few lots available in the Central School district.

$130,000 • 17048246

Park Hills

80 Acres in St Francois County. Wooded property. Excellent hunting ground.

Bismarck

$67,500 • 14022340

Hunting, trail riding by horse or 4 wheeler, marketable timber. 41.6 Acres

$6,000 • 17048238

Leadington

Building lot - Ready for construction!

Double lot. Priced to sell quick.

Farmington

$549,000 • 14003877

Unique find! 61 Wooded acres full of deer & turkey.

$13,000 • 16002006

Great price for 3 lots in a fantastic location!

Excellent investment opportunity.

Farmington

$33,500 • 12040162

Fantastic location! Subdivision has city utilities, paved streets.

32 East Liberty Street - Beautiful Downtown Farmington - 573-756-5711

PAGE A5  Friday, June 15, 2018

18039191

573.747.8099 573.327.8300

CELL

Best

arkland

of the p

2018

OFFICE

Daily Journal Weekly Real Estate Friday, June 15, 2018  PAGE A6

e I’ll do th you! for running

1136B N Desloge Dr. - Desloge 18046867

Inside and out this exquisite home located in desirable Holiday Park Estates has it all. With 3400+/ sq ft of finished living space, this beautiful home has three levels of living space making it perfect for entertaining family and friends. Walk into the 2 story entry foyer and find cherry cinnamon hardwood floors throughout the main level. The large kitchen has granite counter tops, newer appliances, updated cabinets, and a walk-in pantry. A split floor plan offers peace and quiet in the master bedroom suite. The basement is an entertaining dream with two large family/recreational rooms, an office and an additional 1/2 bath leading out to the covered patio and updated salt water pool. Day and night you can enjoy the fenced-in heated pool and custom stone fireplace. There have been too many recent updates to list. From the main living area with sun room and attached deck to the finished basement and heated pool, this home will not disappoint. Call today for your personal showing.

Farmington • $349,900

18046832

Farmington • $199,000

Immaculate 4 bedroom, 3 bath home with finished basement and 3 car garage with potential to park 6 cars off street! This home has an open floor plan with large entry foyer leading into a spacious living room with a vaulted ceiling. The kitchen and adjoining dining area make the perfect place to entertain family and friends, walk out from the dining area to the patio and enjoy a large back yard that has been fenced by the current owners, the perfect place to relax. The master bedroom with adjoining bath has a separate shower and jetted tub making the perfect place to end your day. Two additional bedrooms and bath finish off the upper level floor plan. The current owners have done all the work with finishing the lower level to include a bedroom, bath, family room and recreation room with a bar and still allowing for storage. The home has also been freshly painted and kitchen cabinets redone with new hardware. This is a move in ready home with beautiful landscaping.

17096915

REDUCED!! You must see this spacious, 5 bedroom, 3 bath home located in the well established neighborhood of Holiday Park with 2400+ square feet of living space!This lovely split level home has plenty of space for everyone and the layout provides ample storage through out. Upon arriving, you will be in awe of this beautiful brick front home with landscaping and attached 2 car over sized garage.

Your master bedroom includes an attached bathroom that has been recently updated.The large family room is complete with a wood burning fireplace surrounded by built in bookcases, ensuring you will be cozy while relaxing on those chilly nights. The beautiful all season room is sure to be a favorite room of all, it is flooded with natural light and provides convenient access to the backyard. Family and friends will love spending time out doors, rather they are enjoying spending time on the deck and/or patio, or having fun in the fenced area of the yard, your guests are sure to have a great time.Call Today!

Farmington • $239,000

www.facebook.com/vickycrockerrealty

Daily Journal Weekly Real Estate

real estate gUiDe | FinanCe

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PAGE A7  Friday, June 15, 2018

Finding the right loan

t

he Consumer Finance protection Bureau offers a breakdown of the different types of loans available and the pros and cons of each. talk to your lender to see which loan is best for you.

Conventional loans Conventional loans are just what their name suggests – a typical loan made through a lender with no additional programs. these loans usually require a 20 percent down payment or for the borrower to pay mortgage insurance. the government sets maximum loan amounts for conventional, or conforming, loans.

FHa loans Federal Housing administration loans are from private lenders but are regulated and insured by the FHa. these loans allow down payments as

low as 3.5 percent and don’t require borrowers to have as high a credit score as conventional loans. this loan is best for borrowers with lower credit scores or who have less than 10 percent of the loan to make as a down payment.

means better terms for the borrower. according to the va, these do not require a down payment or charge mortgage insurance.

qualify as rural.

Down payment assistanCe programs look into what your local governUsDa loan programs ment or nonprofits are offering. some the U.s. Department of agriculture cities and counties offer help to offers a loan program for low- to employees who are relocating or for va Home loans moderate-income potential homepublic service employees like teachers the veterans affairs administration owners who want to buy or build in a or firefighters. these loans often have offers low-interest home loans to cur- rural area. according to UsDa, the a higher interest rate than a convenrent and former military members single Family Housing Direct loan tional loan or may require you to and eligible surviving spouses. these does not require a down payment and repay a prorated portion of the assisare through private banks and mortoffers a lower mortgage insurance tance if you move before a certain gage companies, but the va guaranrate. Check with a local lender to time. ask a local lender for what tees a portion of the loan, which determine what areas in your region resources are available.

Daily Journal Weekly Real Estate Friday, June 15, 2018  PAGE A8

real estate guide | selling tips

i

how to sell Your house

n some ways, selling a house isn’t much different from buying.

You still need an agent early in the process, there’s a lot of paperwork and back-andforth when negotiating price and making repairs and you’ll spend a fair amount of time working with your bank. But the seller has other responsibilities as well, which the national association of real estate agents lays out in a guide. determining the value of Your home Working with your real estate agent, look at the prices of similar homes in similar parts of the city. Consider repairs that will need to be done. What upgrades have you made – hardwood floors, landscaping in the backyard, a redone kitchen? do your own research to compare to what your real estate agent brings you. pricing your house appropriately is likely to help attract buyers.

play up your house’s best features. take this opportunity to deep clean and declutter, making a good which will make preparing the first impression house for showings that much potential buyers are going to easier. see your home online first, so take good quality pictures of a Considering offers clean, well-organized house. go over offers with your get pictures of every room real estate agent. You can from different angles so buydetermine whether to accept ers can get a good idea of the or make a counteroffer, size and layout of each room. including a multiple counter if

you get more than one offer.

When considering offers, don’t just look at the asking price. look at the given contingencies, or provisions that must be met for the sale to go through. an offer with fewer contingencies is more likely to go through in a timely fashion. the size of the down payment, when the buyer wants to move in and the closing date all could factor into your

decision. Your real estate agent can walk you through the pros and cons of each offer. negotiating and the final Walk-through Your real estate agent will take the lead in negotiating counteroffers and postinspection repairs. purchase agreements require a home inspection, after which the

buyer can request that certain repairs be made at the seller’s expense. Which repairs are made can be negotiated as well. in lieu of making repairs, the seller may offer to pay for some closing costs or make other concessions. immediately before closing, the buyer will do a final walkthrough looking for any lastminute issues.

it includes the seller’s disclosure, which may include information about problems, such as a pest infestation or proximity to freeway and the noises, and any homeowners association information, according to the national association of real estate agents.

When you and the seller reach an agreement, you will need to put down earnest money within 48 hours. talk to your real estate agent about how much you’ll need. this money will eventually go toward your down payment. if you back out of the sale for a reason not specified in the offer, the seller gets to keep this money. get an inspection the home inspector looks for any reasonably discoverable issues the house may have, such as a leaky roof or plumbing, termites, broken appliances, cracks in the walls or a host of other issues. the buyer does not need to be there during the entire inspection, but will want to be present at the end to get questions answered and get a good idea of what repairs may be needed. the inspection must happen within an inspection period determined in the offer, and the buyer must list

desired repairs to the seller within the same period. the seller must respond within a designated amount of time. get the appraisal the appraisal, which your lender handles, determines the value of the house; a lender will not loan you more

than the value of the property you’re buying. the appraiser does not work for the buyer or the seller; their fees are paid as part of the closing costs. communicate with your lender regularly to make sure the appraisal is done in a timely fashion.

Buy home insurance your lender will require you to have home insurance before the loan can go through. make sure your policy covers everything that’s required (only certain areas need flood insurance, for example) and that it’s enough to rebuild your house and

replace what’s in it should you experience a total loss. if you have an hoa, ask what they cover. some hoas cover the entirety of the structure and you only need to insure your belongings; others don’t cover any part of the structure.

PAGE A9  Friday, June 15, 2018

ave you found a house that you think could be the house? after you’ve asked all the questions you need to make sure it’s a good fit for you, it’s time to make an offer. this is a document that your real estate agent puts together.

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h

making an offer

Daily Journal Weekly Real Estate

real estate guide | Buying tips

Daily Journal Weekly Real Estate Friday, June 15, 2018  PAGE A10

17070422

Bismarck • $650,000

Farmington • $599,900

Peaceful Retreat! Ranch style home has over 2000 sq ft of living space, fireplace, wrap around covered porch and 6 outbuildings on 82.5 acres.

Four bedrooms, 2.5 baths, finished walk-out basement with another bedroom/study, 3rd full bathroom and kitchenette.

Make an appointment to see everything this property has to offer.

Stunning setting! Gated driveway, lake, large 4 bedroom home with outbuildings on 70.54 beautiful mostly wooded acres in Farmington School District.

Big rooms, vaulted ceilings, and gorgeous views. Call for a personal tour.

17042309

18035230

17048512

Farmington • $1,058,000

Unspoiled - beautiful hardwoods - West Outer Road frontage and access. Many possibilities - Located in the path of expansion. Could possibly be split. 16.75 acres more or less.

16044462

16063807

Bonne Terre • $180,600

5.16 Unimproved Acres in TIF District of Bonne Terre.

Wonderful opportunity in Prime Commercial property in industrial area.

17055385

Park Hills • $13,000

Beautiful wooded lot in great country subdivision. 5 acres m/l - semi-private.

17080305

Farmington • $124,900

The Price is RIGHT! Two Bedroom Condo in 55+ Community in very convenient location.

18x12 Screened patio.

Desloge • $155,000

28 lots, platted & approved by city. City utilities available.

Ready to start building.

17008079

Farmington • $105,000

17076843

Desloge • $132,900

Seven Acres and 3 bedroom/2 bath modular home. Wooded acreage, wet weather creek and loads of wildllife!

Newly built 2 bedroom / 2 bath home in Desloge. Big Pantry, vaulted ceilings, big rooms, deck and ready for occupancy. Corner lot.

18010198

18032043

Farmington • $137,500

Gorgeous 2 bedroom Villa with 2 baths.

Beautiful gated community just minutes from shopping, entertainment, parks and Hwy 67.

Mary Hagan, GRI 573-701-1690 E-mail me at: hagan@coldwellbankerhulsey.com

18037745

Leadwood • $44,500

Nice corner lot! Big 4 bedroom house with French doors and wood floors. Covered porches add to the charm of this affordable home. Will sell quick!

View ALL Listings... coldwellbankerhulsey.com

Farmington • $399,900

Designer kitchen with stainless appliances and copper farmhouse sink, hand-scraped wood floors, great room with vaulted ceiling & stone fireplace.

Full finished walk out basement.

Ste. Genevieve • $139,500

Astonishing views in the middle of Wine Country! 1.5 Story house with 4 bedrooms and 2 baths and pond.

Mary Gilliam GRI, ABR 573-760-6480 E-mail me at: mary@coldwellbankerhulsey.com

#WeMoveThisTown

32 East Liberty Street - Beautiful Downtown Farmington - 573-756-5711

Daily Journal Weekly Real Estate 

PAGE A11  Friday, June 15, 2018

e I’ll do th you! for running

18046867

arkland of the p

2018

#vickycrockerrealty

1136B N Desloge Dr. - Desloge

18034227

18046865

Farmington / $349,900

Inside and out this exquisite home located in desirable Holiday Park Estates has it all. With 3400+/ - sq ft of finished living space, this beautiful home has three levels of living space making it perfect for entertaining family and friends. Walk into the 2 story entry foyer and find cherry cinnamon hardwood floors throughout the main level

18029961

Park Hills / $49,900

No need to rent when you can own your own home! This will be a wonderful home for anyone looking to downsize or purchase their first home. The home has been very well taken care of, is move in ready and includes a nice sized deck and fenced in back yard.

Bismarck / $24,900

Enjoy swimming, fishing, and recreation in Holiday Shores lake community. This well cared for 2 bedroom 1 bath home comes fully furnished. The only things missing are a hot water heater and shower. The property is on 3 lots which gives you plenty of room to park your boat or camper.

18020771

Leadwood / $32,900

REDUCED!! Investors take a look! This all electric home on large lot includes a metal roof, and features a carport and detached garage. The home is need of some updating but the seller has made many updates that include newer windows, vinyl siding and upgrades to electric.

18002280 Fredericktown / $79,900

Best

Potosi / $229,900 Stunning 2 story home sitting on 3.1 acres with heated above ground pool. The main level has a beautiful entry foyer, large living room with fireplace, spacious kitchen with lots of cabinets, island/breakfast bar, dining area, so much space to prepare & serve meals for family & friends.

18007502 Desloge / $55,000

Great opportunity to own a commercial building on corner lot in high traffic area!! This commercial property is all electric, has a bathroom that includes a shower and the parking area was recently paved. Don’t wait, CALL TODAY!!!

17096915

This home has the potential to be the perfect country getaway for the family. This manufactured home sits on a concrete block foundation located on +/-10 acres just a few miles north of Fredericktown. There is plenty of room for a large or growing family with an open floor plan, 4 bedrooms and 2 baths.

Farmington / $239,000

REDUCED!! You must see this spacious, 5 bedroom, 3 bath home located in the well established neighborhood of Holiday Park with 2400+ square feet of living space!This lovely split level home has plenty of space for everyone and the layout provides ample storage through out.

OFFICE

CELL

Daily Journal Weekly Real Estate Friday, June 15, 2018  PAGE A12

573.747.8099 573.327.8300

17080663 Bismarck / $152,500

MAKE OFFER! ONLY BAR & GRILL IN TOWN Available!Looking for a business opportunity, look no further! 5,000+ square foot building previously operated as a bar, rental hall and liquor store. The property comes with new electric grill, double pizza oven, large smoker, 2 walk in coolers, new 6 burner gas cook stove, pool tables and much more.

Let Vicky Crocker Realty do the running for you! www.facebook.com/vickycrockerrealty