Parkland Homes March 11, 2022

Parkland

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HOMES

Daily Journal Weekly Real Estate

Friday, March 11, 2022

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welcome home Find your dream home inside or online at

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Daily Journal Weekly Real Estate Friday, March 11, 2022  PAGE R2

HOMEWISE Buying a Plot of Land Real Estate Tips and Advice

Many buyers can make themselves at home after finding an established property.

However, for those who plan to build a brand-new home, the perfect plot of land should be one of your first considerations.

Before you begin making plans to bid on a piece of land, it is important to check with your local authorities regarding zoning requirements. This ensures your building plans will be possible before you enter the buying process.

Not only will you avoid disappointment if the plans fall through, you can save time and money while setting your sights on the next suitable property.

plot of land outweigh the negatives, finding the property to build your home requires thinking of more than price.

Make sure the empty lot is practical to your daily routine and lifestyle. It may seem tempting to move into a desolate area away from a busy city or street, but it can be inconvenient and even dangerous if emergency services can’t respond in a timely manner.

Spend a day recording how long your commute to places you frequent — such as work, grocery stores and schools — and consider if the distance appeals to your family. Don’t face buyer’s regret by rushing into a situation where a desolate area becomes more of a burden than you expected.

PROS AND CONS

Buying land with plans to build isn’t for everyone, but with the right planning and budget, you can find yourself with a brand-new home designed exactly how you envisioned. Before jumping in, consider the following advantages and disadvantages from an opportunity to design the the organization Consumers home to their exact specificaAdvocate. tions and be involved in each step of the process.

ADVANTAGES • Brand new structures and • Builders have the opportu- appliances will require less nity to create a home with new maintenance over moving in to energy-efficient technologies a home with dated equipment. that are too expensive or diffiDISADVANTAGES cult to add to existing homes.

• The time it takes to build a • A new home gives owners

WATER AND UTILITIES

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new home can be inconvenient to owners and may require some to find temporary housing while building is completed. CA states it can take anywhere from four to six months before construction is completed.

• Price is another drawback to acquiring land and paying the construction fees. High

costs will limit some to what they can reasonably afford.

• Adding water and electricity to plots of land may be extremely expensive or unfeasible if the location is not suitable for this addition.

CONSIDER THE LOCATION AMENITIES

If the advantages of buying a

Making a plot of land habitable by adding water and electricity is no small feat. In fact, the experts at Building Advisor say, you can expect the costs to range from $10,000 to $20,000.

Property buyers also should expect the process to take time, sometimes even a few months. If problems arise, the connection could take even longer.

There are many advantages to buying land and creating the home of your dreams — but keep in mind, the journey will take incredible patience, money and time.

Your Real Estate Search

The dailyjournalonline.com/homes advanTages: • Enhanced mobile friendly site • Automatic feed from Maris Matrix

• Fast high performance searches • Large photo galleries

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- Over 79% of adults connect with the Daily Journal through our print and digital platforms* - Over 46% of internet users in our area are using dailyjournalonline.com* - 80% of adults in the market access the internet via tablets & mobile devices*

In accordance with the federal Fair Housing Act,we do not accept for publication any real estate listing that indicates any preference, limitation, ordiscrimination based on race, color, religion, sex, disability, family status, or national origin. If you believe a published listing states such a preference, limitation, or discrimination, please notify this publication at fairhousing@lee.net.

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22011819

Springbrook Park

$399,000

Ranch, Brick, full basement, located in Springbrook Park what more do you need? Inviting floor plan offers on open feel from the moment you walk in the door. Vaulted ceilings in the living room as well as a gas fireplace and lots of natural lighting and the dining room to your left when you walk in. There’s a spacious eat-in kitchen with breakfast bar, pantry and the laundry just off the kitchen.

Kim Hutson 573-760-9789

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

(573) 207-3969

Friday, March 11, 2022  PAGE R4

Daily Journal Weekly Real Estate

Daily Journal Weekly Real Estate

Local Lenders.

Local Decisions.

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Home Loans Whether you’re just starting out or building your dream home – we have a financing solution. Not to mention, our experienced lending team is ready to partner with you to help make the process quick and easy.

• Variety of loan programs for qualified buyers • Competitive rates and closing costs • Local decisions made by local lenders • Permanent Fixed-Rate financing

Bank NMLS# 412605 | Member FDIC | www.fscb.com

Contact a member of our lending team today!

Ruth Adams Bonne Terre NMLS #1906657 (573) 358-3388

Melinda Rae Desloge NMLS #1752366 (573) 431-9400

Brittany Jannin Farmington NMLS #2241964 (573) 705-3592

Adam Griffith Farmington NMLS #2241963 (573) 705-3394

Devan Skaggs Bonne Terre NMLS #467084 (573) 534-0236

Andrew Huhman Farmington NMLS #1559335 (573) 705-3322

Taylor Miller Farmington NMLS #1453285 (573) 454-3052

Austin Fridley Park Hills NMLS #1749341 (573) 454-3086

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HOMEWISE

Real Estate Tips and Advice

Questions Buyers Should Ask REAL ESTATE 101

If you’re a first-time homebuyer (or even if you’re not), you’re going to have a lot of questions during the homebuying process.

Many of those are obvious and will grow out of your conversations with your real estate agent, title company and lender, but if you can’t think of other questions to ask, Realtor.com and Bankrate. com have suggestions. And whatever questions you have, no matter how stupid you feel they may be, ask them anyway.

Step by Step The Consumer Financial Protection Bureau offers a checklist for home buyers.

It includes the following steps: Check your credit; assess your spending; budget for new or changed expenses; determine your down payment; decide how much you want to spend on a home; consider whether it’s the right time for you to buy; build a network of advisors; and create a loan application packet.

Get help with each step of the process on the CFPB website at

WOULD YOU BUY THIS HOUSE?

As you’re checking houses with your agent, ask if he would purchase it. If he sees red flags, that’s a red flag. An agent who isn’t excited about the house will tell you that. If you do like the house and the agent doesn’t, ask for their reasons. Maybe what they see isn’t a dealbreaker for you, such as a large repair needed that you are able to do yourself. But at the very least, you want to know what your agent thinks.

that change your calculation?

If it used to be a rental, would that affect how you felt about it? Ask for a copy of the Comprehensive Loss Underwriting Exchange report for the seller, which includes insurance claims for all homes.

WHAT’S THE HISTORY According to Forbes, the law OF THE HOUSE? requires sellers to disclose If the house you’re looking specific things, including the at had a history of termites, use of lead paint, mold, pest would you reconsider? If you knew there had been a murder infestations, property drainage or suicide in the house, would issues and boundary disputes.

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Some states even require the disclosure of perceived paranormal activity and “emotional defects” like a murder, suicide or violent crime. In the case of crimes, sellers may not be required to proactively disclose, but they must be honest if the buyer asks.

SHOULD I EVER OFFER MORE THAN THE ASKING PRICE?

This seems like a no-brainer, but it’s a good one to talk

over with your agent. You obviously want to pay the least amount for the house possible, but if it’s a hot real estate market and you’re not the only one putting in a bid, you may want to go a little higher. That might be the asking price, or it might be less than the asking price but not as low as you’d like. In addition to talking with your agent about a fair price, be aware of how big of a loan you can take and how that affects your monthly payment.

There are other ways to make your offer more attractive. Offering flexibility with the move-out date or making a cleaner offer, such as not basing the sale on the sale of your current home, makes the process easier for everyone.

Additionally, if you’ve met the owners, consider sending them a note expressing your appreciation for the house and your vision for how you would make it yours. With some sellers, an emotional appeal can make a difference.

CELL OFFICE

e I’ll do th you! for running

#vickycrockerrealty

1136B N Desloge Dr. - Desloge

Farmington / $379,900

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NEW

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Experienced agents, personalized service, market expertise and user-friendly online search tools to help you find the perfect property.

T he Smartest Way To Make Your Move

Call or visit us online today to start your search!

Bonne Terre / $334,900 Don’t hesitate to call - the near perfect condition and great location of this home is very rare in today’s market. Enjoy peace and quiet on a park like setting. Step into the entry and you will notice the beautiful hardwood floors entering into the main living space, which includes a wood burning fireplace. Throughout the home you will find many updates. Bathrooms have been updated, kitchen includes quartz countertops and porcelain tile floor, newer furnace, water heater and roof! There is plenty of room with oversized bedrooms, including master en-suite and an oversized garage.

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Needing to Buy or Sell?! Call Vicky Crocker Realty TODAY, and Let Us Do the Running For YOU!! www.facebook.com/vickycrockerrealty

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Stunning 3 bedroom, 2 1/2 bath home with beautiful brick and stone accents on the front. The main level has 1857 square feet of living space with premium vinyl flooring throughout. An open floor plan with vaulted ceiling welcomes you into this lovely home.

A gas fireplace for cool evenings will make your guests feel warm and cozy. The kitchen was designed to make cooking a pleasure, and has beautiful honed granite counter tops, custom wood, soft close cabinets & drawers, island, pantry and stainless appliances which include a gas range/oven.

Daily Journal Weekly Real Estate

573.747.8099 573.327.8300

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We need YOU . . . We need DONATIONS!!

Over the past 4 years we have been able to raise over $50,000 for various local charities thanks to this WONDERFUL community!!!

ALL $$ we raise stays in our area!!

If you or your business would like to donate an item/gift card to be used for a door prize/raffle we would SO appreciate it!!

Just call our office 573-756-5711 and someone would be happy to pick it up – or drop it by our office 32 East Liberty St. in downtown Farmington.

Thank YOU! Thank YOU! Thank YOU!