Parkland Homes February 25, 2022

Parkland

e I’ll do th you! r o f running

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PAGE R1  Friday, February 25, 2022

573.747.8099 573.327.8300

22010010

Farmington • 379,900 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. The large master bedroom with coffered ceilings, double walk in closets and master bath with custom tiled shower and free standing roman tub is the perfect space to end your day. From the custom front door to the large composite deck this is a place to call home. The home sits on a corner lot and has an unfinished walk out basement

welcome home Find your dream home inside or online at

Don’t forget to check out our website at www.vickycrocker.com.

Let us do the running for you!!! www.facebook.com/vickycrockerrealty #vickycrockerrealty

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HOMES

1136B N Desloge Dr. Desloge

Daily Journal Weekly Real Estate

Friday, February 25, 2022

dailyjournalonline.com/homes

A Weekly Section From:

Daily Journal Weekly Real Estate Friday, February 25, 2022  PAGE R2

HOMEWISE

Real Estate Tips and Advice

Reach Millennial Buyers

By JOE SZYNKOWSKI | Green Shoot Media

REAL ESTATE 101

Millennials are people born between 1980 and 2000, and according to the National Association of Realtors, they are a dominant force in the housing market.

In fact, a 2016 study by the group showed they comprise the largest segment of today’s buying market.

To impress this young group of buyers, convenience, technology and modern design are key. Knowing the audience to whom you are selling will make the sale much easier.

What Millennial Buyers Want After a 2016 survey of home shoppers, Realtor.com predicted that more than half of homes bought in 2017 would be bought by firsttime buyers — most of whom would be millennials.

Seventy-eight percent of buyers 25-34 were expected to be first-time buyers.

Thirty-nine percent of millennials were expected to be in the market for a singlefamily home, with 34 percent shopping for townhomes.

A HOME OFFICE According to the United States Census, more than 13 million Americans work from home, and that number will likely rise in the coming years.

A home featuring a dedicated space for professionalism will outshine homes without.

Even if your spare room is currently set up as a bedroom, your Realtor might choose to portray it as an office during an a network of light bulbs that open house or other showings. are controlled by mobile apps on smart devices can be appealing to a generation who SMART HOME Today’s technology offers grew up as technology some exciting innovations in boomed. how people live in their homes.

• Smart thermostats: The To stand out in a market with convenience of controlling many options, consider install- your heating and air units has ing some of these “smart prod- been rising in popularity. ucts” before putting your home Innovative thermostats that on the market: operate with an app make this • Smart light bulbs: Creating achievable. Some models will

Realtor to find out how much of an impact these renovations would actually have in your local market. © ADOBE STOCK

move-in-ready and appealing to a younger audience will motivate buyers.

Of course, since the kitchen MODERN KITCHEN AND BATH and bathrooms are considered Remodeling these rooms the most expensive for renovabefore your home goes on the tions, you need to be honest market can provide great with your budget, as well. advantages. Experts say most Gather quotes from licensed millennials are on limited bud- contractors to learn how much gets, and these rooms generally it would cost you. cost the most to renovate.

It also can be a good idea to Offering these rooms as share your plan with your

even learn a user’s behavior and program itself.

ENERGY EFFICIENCY There has been a surge in buying “green” homes.

Millennials are generally concerned with the environment and want to show it with their living space.

Consider updating to Energy Star appliances or even contact an energy provider about going solar. Solar technology will pay for itself over several years.

This is another expensive investment that you won’t see the benefits from when you sell your home.

Daily Journal Weekly Real Estate 

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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MAKE LOTS OF

MONEY by selling your old stuff in the classifieds 1513 St. Joe Dr. Park Hills

518-1256

(573) 207-3969

Daily Journal Weekly Real Estate Friday, February 25, 2022  PAGE R4

HOMEWISE

Real Estate Tips and Advice

What is the MLS?

By ANNA CHANG-YEN | Green Shoot Media

REAL ESTATE 101

Multiple listing services are powerful tools. These databases provide a wealth of information about homes listed for sale, making them a first stop of many buyers in their home search and a vital marketplace for sellers.

First conceived as a way to help brokers representing buyers and sellers connect, today a network of private MLS systems are accessible online by brokers and other real estate professionals.

Help from Fannie Mae

A LARGE MARKETPLACE MLSs primarily are marketplaces where listing agents display their wares.

Buyers and their agents can find photos, descriptions and specific information about properties for sale, including basics such as square footage, number of rooms and room measurements; particulars of the home such as the type of heating system it uses and included appliances; location information, such as the municipality and other public districts in which the home is located; price information including previous listing and purchase prices; and specifics about financial considerations such as previous years’ property taxes and homeowner’s association dues. This breadth of information makes the MLS a buyer’s best friend when it comes to pinpointing properties of interest.

Many MLS systems allow buyers’ agents to set up searches and notify buyers via email when a property meeting their requirements enters the market, or is sold or placed under contract. Real estate transactions can sometimes be fast-paced, so this feature gives buyers an edge by keeping

© FOTOLIA

Multiple listing services provide valuable information to help buyers find a home and get a good deal, and to help sellers advertise their property to a large marketplace.

Fannie Mae’s HomePath website at www.homepath.com offers a wealth of information for new buyers. First-time buyers who complete Fannie Mae’s homebuyer education course can get up to 3 percent closing cost assistance toward the purchase of a HomePath home. If you’re looking for a great deal, read about Fannie Mae’s FirstLook program, which allows people who intend to buy a home for themselves to see newly listed foreclosed houses up to 20 days before investors can buy.

RESEARCH them up-to-date on local inventory.

also known as “comps” or “comparables” — in order to determine the home’s value in the current real estate VALUATION market. This can be a benefit and a disBecause MLS systems offer compre- advantage to buyers and sellers. For hensive financial information, they example, a home may be worth more assist buyers and sellers’ agents in than the sale prices of similar homes determining whether or not a listing on the MLS, but favorable private, price is fair. This can help make the dif- new-construction or for-sale-by-owner ference between winning or losing at transactions will not appear in the the negotiating table.

MLS, which could result in a low MLSs also are frequently used by appraisal. Appraisers can use listings appraisers looking to assign a value to a other than those found on the MLS to home. Appraisers look at the sale prices arrive at their valuation, but these sales of similar homes on the MLS in the often must be brought to their attenarea of the home they are appraising — tion.

MLS systems are a fantastic resource for research. If you’re interested in what your home’s value on the market might be, contact a real estate agent who participates in the MLS and ask for a market analysis. You could soon be hanging a for-sale sign on your lawn.

If you’re wondering whether your dream home can fit within your budget, or you saw a for-sale sign and might be persuaded to buy if the home is in your preferred school district, speak to an agent about your interest in the market. The MLS offers this data and more, and an experienced agent can help you put it to use.

CELL OFFICE

573-747-8099

I’ll Do threYou Running Fo

THANK YOU to all of our past and present clients!!

Because of you Vicky Crocker Realty is a top producing locally owned Real Estate office. We are dedicated to providing excellent service to clients who buy and sell within St. Francois County and surrounding counties.

Make sure to VOTE for Vicky Crocker Realty for Best Real Estate Company and Vicky Crocker for Best Real Estate Agent in the Best of the Parkland 2022!!!

Text 302 to 573-531-2145 for Best Real Estate Agent Text 202 to 573-531-2145 for Best Real Estate Company

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Vicky Crocker

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1136B N. Desloge Dr. Desloge #vickycrockerrealty

Daily Journal Weekly Real Estate

573.747.8099 573.327.8300

Daily Journal Weekly Real Estate Friday, February 25, 2022  PAGE R6

HOMEWISE Get a Mortgage Education Real Estate Tips and Advice

When it comes to mortgages, the more you know, the more you could save.

A government agency focused on helping consumers understand the financial products they buy and use has highlighted some ways for consumers to better understand mortgage products and potentially save some money.

SHOP AROUND

In 2016, researchers from the Consumer Financial Protection Bureau set out to determine whether shopping around for a mortgage puts consumers at an advantage.

The answers: a resounding yes.

The study of prospective homebuyers found that “encouraged shopping — the additional shopping prompted by encouraging borrowers to shop” not only increases consumers’ knowledge of the mortgage market and their self-confidence in their ability to deal with mortgage-related issues, but it also might reduce the cost of those mortgages.

The Bureau noted that more than 30 percent of borrowers it surveyed said they didn’t shop around for the best deal, and 75 percent said they only submitted an application to one lender.

“Previous Bureau research suggests that failing to comparison shop for a mortgage

© ADOBE STOCK

REAL ESTATE 101 Dig Into Your Mortgage Statement If you’re already a homeowner and would like help understanding your mortgage statement, the Consumer Financial Protection Bureau can help. Visit https://bit.ly/2zGTUxe for a line-by-line breakdown of the items on a typical mortgage statement, including contact information for the mortgage servicer, rates and fees, due dates and past due payments. Staying on top of your mortgage statement can help keep you informed about any changes, such as a rate change on an adjustable-rate mortgage, a change in your monthly escrow amount or payments that might not have been credited to your account. costs the average homebuyer approximately $300 per year and many thousands of dollars over the life of the loan,” the CFPB said in its summary of the research.

The CFPB recommends

getting loan estimates from at least three different lenders and comparing them for the best deal.

BE IN THE KNOW

The Bureau also studied

consumers’ knowledge of mortgages in general, concluding that consumers were most familiar with basic mortgage concepts, such as how making extra payments can affect the costs of a loan,

but were less knowledgeable about more complex issues, such as discount points or the difference between interest rates and APR, according to the CFPB. There are many choices to be made when buying a home, including learning your mortgage options, comparing loan offers, getting loan estimates, and shopping for closing services. Given that consumers clearly are better off having a basic education about mortgages, the best place to start when you’re shopping for a mortgage is to educate yourself about the process.

The Bureau recommends borrowers to look beyond their lender and real estate agent for mortgage-related information, to sources such as websites, financial or housing counselors, or friends and relatives.

Visit consumerfinance.gov/ owning-a-home to access the Bureau’s tools and resources for consumers in the market for a mortgage. The site provides checklists, calculators and explanations of various types of mortgages.

For consumers who are confused about where to even begin, there’s a road map of the entire home buying process, which begins with checking one’s credit and ends with a successful mortgage closing.

Daily Journal Weekly Real Estate

Local Lenders.

Local Decisions.

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PAGE R7  Friday, February 25, 2022

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

Daily Journal Weekly Real Estate Friday, February 25, 2022  PAGE R8

Welcome to the NEWEST Subdivision in Farmington - Pine Trails!

A community with paved trails, large city lake all nestled inside a beautiful park-like setting!

Are you in the market for a new home, there are 4 different floor plans to choose from - pick your lot, floor plan and get started building today!

This is the “Magnolia” floor plan with over 1900 square feet of living space, full basement and 3 car garage!

Contact Kim Hutson 573.760.9789 for more information!

$369,900

22008156

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