This blog contains information for Buyers, Sellers, Investors, and Renters. Real estate is a fascinating topic and a very complex one. You can search this blog by topic to find exactly what you are looking for, it will also have all of our new listings. You can learn about Storm Lake's current local (50-mile radius), real estate market, and the current real estate market in the surrounding areas like Alta, Newell, Aurelia, Schaller, Early, Fonda, Cherokee, Sioux Rapids, Ida Grove, Spencer, Spirit Lake, Lake View, Lakeside, Correctionville, Remsen, Pocahontas, Laurens, Albert City, and others.
For Buyers we will have topics including financing, down payment assistance programs, tips on how to compete with other buyers, how to offer, home inspections and how they work, the process of buying a property, what not to do after you have an accepted offer, the advantage of having a Certified Negotiations Expert on your side and a lot more.
For Sellers we will have topics including how to best price your property, how to prepare your property and see it through the buyer's eyes, home inspections and how they work, how to negotiate, the importance of staging, why pictures are worth a million dollars, the advantage of having a Certified Negotiations Expert on your side and a lot more.
For Investors - a topic I LOVE! Topics will include how to evaluate a property, what tools I use and access, how to find an investment property, what basic improvements cost if done by you or a contractor, how to find a good tenant, why you need your properties in an entity and not in your name, how to negotiate with buyers, sellers and tenants, 1031 Exchanges and a lot more.
For Renters - we list all the new rentals as we are notified of their availability on this blog. We can help you determine if it is time to buy instead of rent, help you determine what if any programs - like down payment assistance - you may qualify for, discuss how to have a conversation with a landlord when the property you are renting needs work, and a lot more.
For Everyone - Thank you for making Weaver LLC, Realtors the #1 Most Recommended Real Estate Company on Google 2017, 2018, 2019, 2020, 2021, 2022, 2023, & .... for our Area!
Georgia Weaver - Broker Owner CRS, CNE, GRI, AHWD, PSA, RENE
2021 has been an unusual year, as was 2020 with the Corona Virus. This year is a little wild in the real estate industry. Homes are getting multiple offers, most are selling for more than listed price. Some homes are getting as many at 6-8 offers. That is unusual in NW Iowa here except for in the early Spring market. Even then, it is unusual to get more than 3-4 offers.
Realtors are changing how they do business to best assist their buyers and sellers, including our office. Last year we saw the lack of inventory and the low interest rate as 2 significant factors that would change our market. We started looking outside our area for solutions to how other Realtors were handling the situations. 3 Tools are making a big difference for our Buyer and Seller Clients.
Several solutions surfaced immediately:
1) This one we have been doing for nearly 2.5 years. The other realtors in our area are not doing this to this day. That
is to hold a property on the market available for at least 3 days and 5 is what we recommend to sellers. Of course, this is up to the seller. But, if the ultimate goal is to sell for top dollar then this is the way to go in the current
market. By not immediately accepting an offer, more realtors and buyers are aware the property is for sale.
2) Buyers are required to be preapproved prior to looking at properties. Sellers are encouraged to require this in their
listing criteria. If a buyer is preapproved, they will know what price range to search for properties, what kind of loan
they are getting and therefore the Realtor will know if a specific property qualifies for the loan type. They will also
know what their payment should be.
3) Escalation Clause - I LOVE THESE. Our office is the only one in our area that uses these, not sure why. Other than
they are not aware of them or how to use them to benefit their clients. These give my Buyers a tool to safely ratchet
up their offer if another offer comes in above theirs.
Jorge and Mavel CONGRATULATIONS!!!! You have a wonderful new home. Can't wait to see what you deo with it!
Mitchell and Amy CONGRATULATIONS on your new home!!
As a Realtor, I understand the amount of work both buyer and seller put into purchasing and selling a property. Throw in this Coronavirus social distancing and it gets about 20 times more complicated.
Is it a good time to buy, in my opinion YES. That's because there are homes to sell, interest rates are low, rental rates are very high, this Coronavirus will end. Once that happens, hopefully sooner than later, interest rates will go up, more buyers will be out looking and competition will increase.
It is still a very good idea to not be any closer than 6 feet from another individual. Also, if you are sick, have been sick in the last 14 days or have been exposed to anyone who has been sick in the last 14 days, please do not ask a Realtor to show you properties. Can you still see houses, YES, but be prepared to answer health questions, follow the homeowner's precaution requests and have your temperature taken.
You do not know if that Realtor or the home owners are immune compromised or have elderly people they care for. The responsible ethical thing to do is to wait. This illness is spread by contact with an infected individual, who may not show symptoms for 14 days after they were exposed and can still be able to spread the virus up to 14 days after becoming symptom free. Keep track of those you have been in contact with, it could matter a lot to someone. This is not a time to panic, this will end. It is a time to take precautions, be mindful of others and limit everyone's exposure. Who is your neighbor, Jesus would say everyone.
. Thank you for your diligence and caring for others.
Georgia Weaver, Broker/Owner, Weaver LLC, REALTORS, 607 Lake Ave, Storm Lake IA
If you have questions please call me at 712-291-0118.