Archive for December, 2011

$1500 Closing Costs Paid on Hunziker Listings

Wednesday, December 28th, 2011

Hunziker & Associates, REALTORS is pleased to announce our new special promotion. From now through January 31st, purchase an eligible Hunziker & Associates listing through a participating lender, and receive a rebate of up to $1500 in closing costs!

Click for details and to start searching for a home

The #1 Rule of Real Estate: Jobs, Jobs, Jobs

Tuesday, December 20th, 2011

Ames continues to post unemployment rates at about half the national average. The Bureau of Labor Statistics currently lists Ames in a tie for the 7th lowest rate in the nation.

Interestingly enough, the Ames real estate market also continues to hold steady, with the average sale price almost identical to last year. Most of the metros listed for high unemployment rates are also the ones making news for high foreclosure rates and falling home prices.

Perhaps those of us in the industry should be quicker to comment upon hearing “the #1 rule of real estate” quoted. The reason that location, location, location matters, is due largely to the jobs, jobs, jobs.

Post by Tabitha Zesch, Relocation Director

More Buyers Paying All Cash for Homes

Friday, December 16th, 2011

The Des Moines Register reports that homes sold for all cash, verses those who used traditional financing, increased to 22% of home sales in Des Moines this year. Cash buyers are often investors purchasing inexpensive properties for an investment. However, more parents are helping their grown children purchase a home by fronting the money for the house.

Low rates of return on certificates of deposit and similar investments is one reason for the trend. Many parents consider loaning their children the money they need to buy a home as a win-win investment opportunity for them and their children. They reap a higher rate of return secured by a property purchased in a buyer’s market, and their children are able to break into the housing market and start building equity.

In the words of a father interviewed for the article, “You can rent and waste money, or you can buy and wake up in 20 years and find your home is mostly paid for.” We would love to hear what you think. Visit our comment area below.

Click to read the complete article.

Post by Tabitha Zesch, Relocation Director

Nevada Festival of Trees

Thursday, December 15th, 2011

The Festival of Trees sponsored by the Parks and Rec Department at Gates Hall, feature a tree from our Nevada office. Their display was awarded 2nd place!

Also, our appreciation goes out to Sherri Smith and Donna Borton, agents in our Nevada office, for helping their community by volunteering as bell ringers this holiday season!

Holiday Home Staging

Monday, December 12th, 2011

Here are a few wise words of advise for using holiday decorating to sell your home from the Simply Staging Blog.

“There are some special rules to consider during the holidays. You can and should decorate for the holidays, just remember that the same Staging principles apply…keep the clutter in check and keep holiday decorating simple and elegant. Here are a few tips.”

Read the tips here.

Owning now costs less than renting in many markets

Friday, December 9th, 2011

From the Wall Street Journal….

“Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.

The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s largest metropolitan areas found that…monthly mortgage payments on the median priced home—including taxes and insurance—are lower than the average rent levels in 12 metro areas.”

Read the entire article

Will Ames become the Next Silicon Valley?

Thursday, December 1st, 2011

Ames has attracted many high tech companies and start-ups over the last few years, many of which are located in the Iowa State University Research Park. Businesses from around the U.S., and even overseas, have relocated to Story County within the last few years.

The dramatic growth drew the governor and lieutenant governor to speak at the Ames Economic Development Commission celebration this week. And Ames has been touted by numerous magazines lately as one of the best places to do business, get a job, retire, or raise kids, etc. In August, Ames was labeled one of the geekiest cities in the U.S. by Forbes.

Now Business Insider Magazine is including Ames and Story County, Iowa on their list of 20 U.S. markets with the potential to become the next Silicon Valley. Certainly, as more high-tech jobs are established, the more the area becomes attractive to companies in need of a similar workforce base.

Post by Tabitha Zesch, Relocation Director