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February 2017 Home News

 

FEBRUARY 2017

 

Whether you are looking to buy or sell, I can offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact me and allow me to help guide you through that process!

YOLANDA HOVERSTEN
BROKER / REALTOR®
YolandaHoversten@gmail.com   |   618-407-9195
http://www.YolandaHoversten.com

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MORTGAGE ADVICE

Should You Pay Discount Points?

The low mortgage interest rates that you find online or in the newspaper aren’t necessarily what you’ll pay when you apply for a loan. Why? Because banks will charge you “discount” points to get the best rate, which adds to the cost of the loan.

Points, or discount points, are expressed as a percentage of the loan amount. The point "discounts" the interest rate, that's why it's referred to as a discount point. If your mortgage is $300,000, then one "point" is $3,000. For each point you pay, your interest rate should be reduced by about ¼ percent.

On a 30-year mortgage loan at $300,000 and 5.00%, the monthly payment works to $1,610 without any points.Paying one point ($3,000) would reduce the rate to 4.75%, making your discounted payment $1,564 per month.

That's a reduction of $46.00 per month. Now weigh the cost of $3,000. To get that, divide $46 into $3000. The result is 65. It will take you 65 payments to break even, nearly 5 ½ years. It’s worth it if you’re planning to stay in your home for 5 to 10 years or longer. If not, you’re far better off using the $3,000 to pay down your loan principal or buying furniture for your home.

There’s another way to get the best mortgage interest rate – that’s to have the best credit scores possible. Those with near or perfect credit are considered low risk by banks. As always, consult your financial adviser for more information about home loans.

HOME BUYERS’ ADVICE

Three New Year’s Home Buyer Resolutions

This is the year you become a homeowner! To make the most of this most important step in your life, make these three New Year’s home buying resolutions now.

The three credit reporting bureaus, Experian, Transunion and Equifax, don’t share data, nor do they correct errors without evidence. Order a full credit report from all three bureaus here. If you find an error, contact the appropriate bureau and mail copies of your payment, release of lien or other proof.

Pre-approval also means a lot to sellers. It show’s that you’re serious about buying a home and that the closing process will be quicker and smoother because you already have a lender.

  1. I will check and repair my credit. Before you start shopping for homes, make sure you have no errors or unresolved credit issues that could prevent you from getting a good loan.
  2. I will get pre-approved for a mortgage loan. Take two to four months of bank statements, pay stubs, and an account of your monthly debts and expenses to your lender. The lender calculates how much money you can safely borrow and at what interest rate.
  3. I will buy within my means. It’s sensible to buy the most home you can afford, and your lender will help you get there, but it’s not wise to get a risky adjustable rate mortgage so you can buy more house. Being “house poor” means having no money available for other things in life, so stick to conforming loan guidelines to be safer financially.

BONUS: HOME SELLERS’ ADVICE

 

Clutter-free Countertops

Today's kitchens are filled with all kinds of gastronomical gadgets, but if you want to show your kitchen to its fullest advantage, here are five ways to keep clutter down:

  1. Store unused equipment. Which appliances do you use the most? Chances are they’re not vegetable curlers or pasta makers. Store those appliances somewhere else, such as a butler’s pantry, food pantry or the garage.
  2. Build an appliance garage. Many cabinetmakers offer an appliance garage that can be closed when not in use. You can also customize an appliance garage to extend the length of the counter.
  3. Update appliances. If you need a microwave, get one that’s also a convection oven. Commercial-grade mixers have attachments that can make pasta and knead bread. The newest coffee machines can make tea, hot chocolate and all kinds of coffee shop specialty brews.
  4. Mount what you can. Under cabinet mounting is easy to install. Paper towel racks, electric can openers, and task lighting can all be mounted under the cabinets to free up counter space. Throw out smelly dishrags and sponges, and store fresh cleaning aids in caddies under the sink.
  5. Invest in organizers. Corner cabinets can be better utilized with swing out organizers. Drawers on rollers allow better access to all your storage. One charging station should serve multiple devices. Try installing one in the hall or utility room.

Once your kitchen is better organized, you’ll find it easier to prepare for showings and buyers will have an easier time seeing the kitchen’s best features.

 
 
 
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1941 Frank Scott Pkwy., Ste. C O'Fallon, IL 62269
©2017 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity. 

January 2017 Home News

 

JANUARY 2017

 

Whether you are looking to buy or sell, I can offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact me and allow me to help guide you through that process!

YOLANDA HOVERSTEN
BROKER / REALTOR®
YolandaHoversten@gmail.com   |   618-407-9195
http://www.YolandaHoversten.com

Visit me on FacebookVisit me on TwitterVisit me on LinkedInVisit me on YouTube
 
 

HOMESELLERS’ ADVICE

Winter Showing Tips

You may think that wintertime isn’t the best time to show your home, but you’d be surprised. Yes, winter days offer fewer hours of daylight for buyers to see your home. Sleet and snow make it harder for buyers to house-hunt. Even warm regions have challenges – the weather may be gray or rainy.

But winter has a unique appeal - gathering with friends and loved ones by a crackling fire, winter sports played in the backyard, walks on the beach without all the summertime tourists. So play up what’s great about your home.

Make sure the drive-up appeal is strong. Keep driveways and walkways clear of snow and slush. Put a nice, new welcome mat out for buyers and their agents to wipe their feet.

Leave all the lights on for showings and open the drapes to let in more light. Closed homes tend to hold odors, so open the windows for an occasional airing, and run the fans after cooking meals. Bake some cookies or bread. Boil some cinnamon and spices for a natural, wintry fragrance.

If you have a fireplace, turn it on, but low. Stage the scene with a comfy, holiday-themed throw blanket. Put some big fluffy pillows on the floor.

Don’t hesitate to contact me for more winter-selling tips!

DECORATING ADVICE

Creating Focal Points

Now that you’re buying your own home, it’s important to know how to put your personal stamp on the décor. How do you start? Whether you’re decorating a living room, bedroom or bath, start with a focal point to enhance the room’s ambiance and underscore the room’s purpose.

Focal points can be created by highlighting a room’s unique architecture, such as a magnificent fireplace or a glittering bay window with a garden, mountain or water view. But what if some rooms don’t have an outstanding architectural feature to build upon? You may have to create one yourself. Here are some tricks of the trade you can use - size, color, light, and curiosity.

Size: Large items attract interest. Start by putting the largest piece of furniture against the largest wall to help traffic flow. Rugs also command attention and anchor the décor.

Color: Paint a contrasting wall color behind your sofa or bed. Pop the color on small items like pillows and placemats. Vivid color helps direct the eye to seating areas and pairs well with neutrals.

Light: Your eye travels to where it can see the best. Put directional light on a piece of fine art. Dim or brighten lighting when you want to change the room’s atmosphere.

Curiosity: A collection under glass, a great piece of art, or an unusual piece of furniture invite conversation and draw attention.

By establishing your focal point, you’ll have an easier time putting the rest of the room together.

 
 
 
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1941 Frank Scott Pkwy., Ste. C O Fallon, IL 62269
©2017 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Information not verified or guaranteed. If your property is currently listed with a Broker, this is not intended as a solicitation. Equal Housing Opportunity. 

Open Houses Sunday in Southwestern IL

Tomorrow is Sunday! That means we have beautiful homes to tour in O'Fallon, Belleville, Shiloh, and the surrounding Southwestern Illinois area. Just click on the link to find the open houses in the city of your choice. Enjoy and if you'd like to schedule a showing or receive more information on these homes or other real estate issues, please contact me!

/open-houses

Yolanda Hoversten Open Houses Sunday

JUST LISTED and UNDER CONTRACT in 10 DAYS! 311 Agnes Drive

311 Agnes Drive, O'Fallon, IL 62269
Just Listed and Under Contract in 10 days!

Real estate market in O'Fallon, IL is exciting! This property was listed 10 days ago and is now under contract. If you're thinking of selling, now is a good time to sell. Although summer is over, serious buyers are still looking for homes to buy. Give us a call to discuss how we can help either by selling your property or assisting you in your next home buying experience. Call today!

311 Agnes Drive OFallon IL - OFallon IL Homes for Sale

311 Agnes Drive, O'Fallon, IL 62269 full details.

Yolanda Hoversten
618-407-9195
Berkshire Hathaway Home Services Elite Properties
O'Fallon IL Real Estate

~ Finding Homes & Building Dreams ~

JUST LISTED! 311 Agnes Drive, O'Fallon, IL 62269

Just Listed! 311 Agnes Drive, O'Fallon, IL 62269

O'Fallon IL Homes for Sale

311 Agnes Drive OFallon IL

Striking curb appeal! Large two story in a quiet and desirable neighborhood in O'Fallon, IL. Four large bedrooms, three bathrooms, bright dining room open to the elaborately updated kitchen, spacious living spaces, beautiful hardwood flooring throughout, full unfinished basement, impressive wood deck for outdoor living, shady backyard for sports and picnics, and centrally located.

311 Agnes Drive OFallon IL Homes for Sale

Bright and cheery dining room.

311 Agnes Drive OFallon IL Homes for Sale

Beautifully updated kitchen.

311 Agnes Drive OFallon IL Homes for Sale

Spacious family room with hardwood floor.

311 Agnes Drive OFallon IL 62269

Elegant master bedroom suite.

311 Agnes Drive OFallon IL Homes for Sale

Impressive wood deck for outdoor living and entertaining.

311 Agnes Drive OFallon IL Homes for Sale

The wood deck overlooks this park-like backyard.

This home is conveniently located to popular O'Fallon schools, close to the community park, shopping, minutes to Scott Air Force Base, the new Memorial Hospital, the Interstate and St. Louis.

311 Agnes Drive, O'Fallon, IL 62269 full details.

Call today for showings and information, 618-407-9195.

Finding Homes & Building Dreams

Smart Home Improvements Before Selling

Smart home improvement ideas to do before selling:

Which one would you do? If you need help in deciding which one is the best for resale, contact me and we'll work together!

Yolanda Hoversten, Broker Berkshire Hathaway HS Elite Properties (618) 407-9195 

agent photo
Yolanda Hoversten - Broker
Berkshire Hathaway HomeServices
Elite Properties

333 Salem Place, Suite 240
Fairview Heights, IL 62208
Phone: 618-407-9195
Voice: 618-589-2349
Email: YolandaHoversten@gmail.com
Web: YolandaRealtor.com

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©2017 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.

Berkshire Hathaway HomeServices Elite Properties
O'Fallon, IL Real Estate and Homes for Sale