Storm Lake Real Estate & Community News

Real Estate Agency in Storm Lake, IA

What can be found here and why should you follow this blog?

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 real estate market, and the current real estate market in the surrounding areas like Alta, Newell, Aurelia, Schaller, Early, Fonda, Cherokee, Sioux Rapids 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 personally use and access to them, 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 personal 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 is in need of work, and a lot more.

For Everyone - Thank you for making Weaver Realtors the #1 Most Recommended Real Estate Company of Google for the Storm Lake and Cherokee Area!

Georgia Weaver Call me 712-291-0118 

Georgia Weaver - Broker Owner

 

Justin Davis REALTOR

 

Ronnie Weaver REALTOR Owner

March 13, 2018

Storm Lake Area Inventory Continues to be a Challenge As Does Realtors Showing Properties Prior to Entering Listing on the MLS - Unethical Practice of POCKET LISTINGS

Inventory Continues to be a Challenge As Does Realtors Showing Properties Prior to Entering Listing on the MLS - Unethical Practice of POCKET LISTINGS

In any given market including the Storm Lake area home market,, inventories fluctuate based on supply and demand considering area and price range. The National Association of REALTORS considers a balanced market to be a six-month supply of homes. If it takes longer than six months to sell, it is thought to be a buyer's market and less than six months, a seller's market. Most buyers and sellers probably feel a balanced inventory is more like three months' supply of homes.

The inventory of existing homes has been reduced to approximately 1.5 million houses which is 10.3% lower than a year ago. Inventory has a direct impact on price. When demand is constant, but inventory is reduced, price tends to increase because the same number of people are trying to buy a smaller than normal number of homes. When prices and mortgage rates are increasing, buyers are affected by not being able to afford the same price or size of homes. So where are we as far as market? Well as I'm sure most of you have guessed we are again in a strong sellers market.

I expect this to be maintained for the entire year of 2018. Buyers! PLEASE call me, Georgia Weaver 712-291-0118, I can help you compete against the large number of buyers in the current market. Sellers! PLEASE call me, this is a great market BUT, it is important that your property is priced correctly AND that your realtor is skilled in negotiations if not you will leave money on the table. NEVER agree to allowing showings of your property until AFTER it is active on the MLS. If you do, you are probably leaving on average between $5,000 and $12,000 on the table. FYI: this is called a POCKET LISTING, it is an unethical practice we at Weaver Realtors will NEVER do, it is not in the best interest of our clients. It is ONLY in the best interest of the brokerage and the agent.

March 9, 2018

Exclusive Buyer's Agency - It's the ONLY Way to go

At Weaver Realtors, we prefer to represent our buyer clients the way we represent our sellers as Exclusive Clients. So what exactly does that mean? Exclusive means the buyer or seller work only with Weaver Realtors. 

Our current market is very fast and a buyer can't rely on seeing a property on Zillow, Trulia, Realtor.com, Homes.com or other syndicated sites and expect to be able to see that property. Most of our new listings have accepted offers with in 3 days, that means the buyer who has the accepted offer probably got in the property the day it came on the market. You can't do that with the online sites, most of them are not real time so by the time a buyer sees a home they like it is already sold.

SO, to best assist our Buyers we use Exclusive Buyer Agency. 

Weaver Realtors Responsibility in Exclusive Agency:

1) We make sure our exclusively represented Buyers get into properties as soon as they list, they have priority over non Exclusive Buyers.

2) We develop an automated search that instantly notifies you of all properties that fir your criteria, the second they come on the MLS

3) We notify you instantly of all properties that fit your criteria that have had a price reduction as soon as it happens

4) We assist you in negotiating the best purchase agreement and loan terms.

 

Our Exclusive Buyers Responsibility:

1) Buyer meets with their agent and establishes their time frame and criteria for the property search

2) Buyer has already received a bank mortgage pre-approval letter, if not will do immediately and the pre-approval letter is filed at our office

3) Buyer agrees to be available to see properties within 1 day of notice

4) Buyer agrees to work exclusively with Weaver Realtors to see all properties, (as MLS Members we show all properties listed on the mls including those of other brokerages)

 

This is a win-win for our Buyers, we are the top Google recommended real estate company in the Storm Lake area, our Broker sold more properties in 2017 than any other in the area. All our buyers are welcome to speak to our current and prior clients. 

Call me today Georgia Weaver, 712-291-0118, and stop missing out on listings and have the best Realtors working on your behalf to get you the home you want. 

IA License Realtor, Weaver Realtors, 607 Lake Ave Storm Lake IA 50588, online at www.WeaverRealtors.com

March 3, 2018

The "Right" Agent and the "Right" Home

 

The "Right" Agent and the "Right" Home

Some buyers think that finding the right home is the critical part of the buying process and that is how they determine which agent to use. While it is important, there may be a broader skill set to consider when selecting your real estate professional. The most recent NAR Profile of Home Buyers and Sellers indicate that 52% of buyers do want help in finding the right home to purchase. There was a time when the public did not have access to all the homes on the market, but the Internet has changed that. Helping to negotiate the price and terms of sale were identified by almost 25% of the buyers. No one wants to pay more than is necessary and the terms of the sale can be as important as the price. The next largest area of assistance that buyers value has to do with financing and the paperwork. Even if a buyer has been through the process before, it very likely could have been several years and things have probably changed. Since the cost of housing is dependent on the price paid for the home and the financing, a real estate professional skilled in these specialized areas can be very valuable in finding the "right" home. An agent’s experience and connections to allied professionals and service providers is equally important. Ask the agent representing you to specifically list the tools and talent they have available to address these areas. Call me Georgia Weaver, 712-291-0118, Iowa Licensed Broker for Weaver Realtors, 607 Lake Ave Storm Lake IA 50588 http://ow.ly/WgGB30ip2RW

March 2, 2018

Tax Refund? Use it Wisely!

Buyers, Sellers and Investors

Are you getting a tax refund?? If so one great way to increase that money and continue to increase it year over year is to use it as a down payment to purchase a home, an investment property or upgrade your current home or investment property. BONUS! First-time buyers will realize an even bigger tax refund in the next year because you will have a new write-off in the interest paid on your mortgage. Interested in learning more, call me Georgia Weaver 712-291-0118, to see how you can turn your tax refund into a new HOME! Georgia Weaver, IA Licensed Realtor 55867, Weaver Realtors, 607 Lake Ave, Storm Lake IA 50588, office 712213-4664, online at WeaverRealtors.com

Feb. 9, 2018

Spring Market on the Way in Storm Lake

Hello Everyone!

We are beginning to see indications that this will be another fast busy year. If you are a buyer, it is very important that you get things in place before you start looking so you can compete with the other buyers also looking. So how do you get ready - you get a pre-approval for your mortgage, this does several things, it shows a seller you are serious about purchasing and that you can get a loan, when you get a pre-approval discuss the payments with the banker so that you are comfortable that you can make the monthly payment. 

Sept. 14, 2017

Equifax - Did You Get Hacked?

Scary stuff, especially for a company that has as much info as this one. Somewhat disappointed that it wasn't reported immediately. But finger pointing doesn't solve anything, so now we do damage control. 

Fortunately 2 years ago we enrolled in a company named Zander Identity Theft Solutions. They monitor our credit, accounts and social security numbers but they will also resolve issues if they come up. Why monitor, If I get hacked I know it, but don't know anything about what to do or where to start to fix things. That is where Zander IDT comes in.

Resolving problems was the clincher for me. 

Also recommended by Dave Ramsey. Zander IDT    https://www.zanderins.com/idtheft/faq.aspx

July 27, 2017

Mortgages and Interest - The Shorter the Better

 

At least consider a shorter one

Affordability and stability are reasons home buyers choose a 30-year fixed rate mortgage. It makes the payment lower than a 15-year mortgage and the principal and interest portion of the payment will be constant for 30 years.

A common belief among homeowners for decades was that they would always have mortgage payment. The Great Recession has caused many individuals to rethink that concept and make plans to get their home paid for sooner.

For people who can afford it, shorter term mortgages will provide a lower interest rate and build equity faster. A 3.09% 15-year fixed-rate mortgage compared to a 3.87% 30-year loan will have a $562.42 higher payment.

The equity would be $66,903.04 greater on the 15-year term at the end of seven years. Even after you consider the higher payment on the shorter term, the equity difference is still almost $20,000 greater.

By choosing a 15-year loan, a borrower is committing to the higher payment for the term of the mortgage in exchange for a slightly lower interest rate. Another approach would be for the borrower to acquire a 30-year mortgage and make payments as if it were on a 15-year term. The slightly higher rate would allow the borrower the flexibility of not having to make the higher payment in the event he could not afford it on any particular month.

Have questions, call me Georgia Weaver 712-291-0118, I can put you in touch with a great mortgage provider who can help.

July 27, 2017

Recommendations from a few of our recent Clients at Weaver Realtors

Testimonials 

Just a few words of thanks, WE THANK YOU for choosing us, we know you have a choice and we promise to provide you with the best local professional real estate services in the Storm Lake area. We care about how we do business, we are stewards of this company. We care about how our clients and customers are served, we care that ALL our clients and customers are happy and satisfied with the level of service we provide.

"A steward is one who manages the possessions of another. We are all stewards of the resources, abilities and opportunities that God has entrusted to us. God owns everything, we are simply managers and administrators acting on his behalf."

- Georgia Weaver 

What Our Clients Are Saying:

Georgia is very knowledgeable and helpful. She made every step of the process smooth and easy. Our first listing wasn't even on the market for 5 days and it was sold!  Brandon and Nicole Axdahl 2017

Brandon and Nicole, you guys are amazing, you do so many things I am in awe of how you get it done.  I love working with other entrepreneurs very inspiring!

When we first met Georgia we loved her. She knows her job and makes you feel special. There is nothing that could be improved in the way you do business, you are great. If you need a realtor, call Georgia she will go the extra mile for you! Very Professional. Lisa Steemke and Linda Wallace 2017

Lisa and Linda, what a joy working with you, it took a while but so worth the wait! You have the perfect house. Relax and enjoy - you both deserve it!

Our transaction closed on time, Georgia is a great resource and professional, our property was listed with 2 other Realtors but didn't sell. She did a great job, communicated very timely and very glad we worked with her to finally get the home sold. Hesselman 2017

Becky and Steve, so glad I could help out a fellow real estate professional and friend. Lovely home, just took some special marketing.

We bought our current property through Georgia at Weaver Realtors, and we were impressed with her professionalism. Therefore, we chose her to sell our home. Georgia has helped us both buy and sell a property recently. She is friendly and professional. She made the buying and selling process easy and painless. Highly recommend Georgia and Weaver Realtors. Josh Fischer and Monica Firme 2017

Josh and Monica, so great to work with you again!  Your home sold so fast, it was great, but it was also because you put the work into making it beautiful and ready to sell. Thank you!

I had heard how good you were. You did a great job can't improve at all. You were so nice to me and did a great job, and I made a new friend. Elayne Boyd 2017 Sold 

Elayne, loved working with you, you are a sweet dear friend, wish you were closer so we could share some Lemmoncello cake at Giovanni's again. But, very glad you are closer to your daughter.

 

Thank you One and All!

July 25, 2017

Annual Credit Report - Don't Put It Off

Don't Put This Off - Remember to Get Your Annual Credit Report

You are probably aware that Federal law entitles you to a free copy of your credit report annually by each of the three credit bureaus: TransUnion, Experian, and Equifax. By regularly looking at each of these reports, you can determine if there are any errors on them and be aware of your credit worthiness.

Instead of ordering all three at the same time, experts recommend that you stagger them throughout the year. This will let you look at your credit at three different times during the year instead of only once a year.

An easy way make this happens on a timely basis is to set a recurring appointment on your digital calendar whether it is on your phone, your email program or a contact manager. Make the appointment to order a free credit report from www.AnnualCreditReport.com a recurring event to take place every four months. You’ll order one report from each of three companies once a year.

You can record that date and the bureau you ordered the last report in the appointment’s note section so that you’ll have a history and won’t try to order the same report twice in one year.

This isn’t just for people who are trying to clean-up their credit. This procedure allows you to monitor your credit to be sure that your report is accurate. You might even discover that someone is illegally using your good credit.

This is a SUPER Important thing to do every year!

July 24, 2017

Available homes in Storm Lake - It's a Rough and Tumble Business Right Now

Storm Lake real estate, not a lot to choose from and a highly competitive market. Not many homes available for sale in Storm Lake, 17 total as of today. If you are a buyer, it is very important you work with a Realtor who will take the time to help understand your needs and counsel you on what you need to do to secure a property. It isn't just going to see houses! You need highly skilled and trained Realtor working for you, they will need a signed Exclusive Buyer's Agency agreement, a pre-approval letter for a mortgage, you to be very flexible with days and time to get out to see properties as soon as they come on the market. You may need to e able to pay your own closing costs or at least be able to increase your offer the amount you are asking the seller to pay for closing costs.

Sellers have their own closing costs and in a low inventory market, there are more buyers who do not ask sellers to pay closing costs, so to be competitive you need to either pay your own or increase your offer by the amount you need the seller to pay. However, the property must still appraise for what you are offering.

As far as available properties in Storm Lake, of the 17 available homes, 8 are over $200,000, 3 of the 8 are over $300,000 and 1 is over $600,000. The remaining properties, 9, range from a condo at $59,900 to a house at $188,000. 

Of the 9 homes under $200,000 six have been on the market 25 or more days - indicating they are possibly over priced or have some other undesirable condition, since they have not sold in the very low inventory condition of the market.

One other tip is to have a successful, experienced, full-time Realtor who is a Certified Negotiations Expert (CNE) working for you. Your chance of securing a home with reasonable terms in a low inventory market with an inexperienced, part time realtor with no negotiations training is pretty low. 

Call me 712-291-0118, I can help

Georgia Weaver - Broker Owner

REALTOR, GREEN, CNE, CRS, PSI

www.WeaverRealtors.com

 

#1 Recommended Real Estate Company in Storm Lake on GOOGLE

Weaver Realtors gets results!