Lina Robertson, ozarks-realestate.com, Springfield MO Real Estate For Sale

The Greater Springfield Board of Realtors has lost over 1,000 members in the past three years. When I became a member in the year 2000, there were just over 1,800 members of the Board of Realtors. At the height of the market in 2005, the membership topped 3,000.

The Springfield Realtor Magazine came out online today and I noticed we now have 2,006 members. Because revenue from membership dues has decreased, the Board of Realtors was forced to downsize in staff and increase dues in order to maintain a balanced budget.

Our yearly dues are expected in January. As with the past couple of years, I expect to see another major fallout in membership by February and March of 2010. I think it's highly possible our membership will be down to the level of the year 2000.

I have asked our Membership Coordinator to provide me with stats of the membership from 2000 to present. I will share the numbers with you when I receive them.

As for me...I'm a Realtor. I am passionate about real estate. Take away my homes, my vehicle, and every material possession I have, and I'm still a Realtor. No matter how bad this market gets, or how long it lasts, as long as I have my license and my office, I will always have the ability to get back on my feet. So far God has blessed me with all of it.

Thinking of buying a home in the Springfield, MO, area? There are many things to consider, and many steps to follow to ensure a smooth purchase. This is the first in a series of posts that will help guide you through the homebuying process.

The first step in the process is to get preapproved for a loan. You need to know how much money you will be approved to spend on your new purchase, and what monthly payments you will be comfortable with. Because the lending requirements and guidelines are changing on pretty much a daily basis recently, it is necessary to have a "fresh" preapproval. Just because you were prequalified six months ago, doesn't mean you will qualify for the same loan today.

Here are a few tips to follow when searching for your loan:

Know how much money you can spend: Nothing is more discouraging than shopping through online listings of $200,000 homes, just to find out you can only spend $150,000. Many online mortgage calculators will quote loan amounts that only include principle and interest. Remember, you must calculate in taxes, insurance, PMI, etc., into your monthly payment.

Know what type of loan fits your needs the most: I've had clients who insisted on getting a VA loan because it does not require a down payment; however, the rural development loans do not require a down payment either and in many cases have lower interest rates and monthly payments. Talk to your lender about what loan fits your needs the most. Rural development loans can be used in an area where the population is less than 20,000. In the Springfield, MO, area, communities such as Ozark, Republic, Rogersville, Clever, Sparta, Highlandville, and others, still qualify. Springfield and Nixa do not qualify. Your lender will be able to look at your specific situation and find a loan tailored to your personal needs.

Know what type of lender to use: There are many factors to consider when selecting a lender. Sometimes going to your local bank will cost you more than a lender that specializes in mortgage loans. Questions you need to ask are:

• Are they loaning their own money? Or are they selling you someone else's loan, such as Wells Fargo or Bank of America? Any time a lender sells you a loan, there are charges for doing so. A lender that loans their own money oftentimes does not have fees as high as one who acts as a middle man. These lender will most often sell your loan after it closes. None of the terms or conditions can change. Your loan will be bundled in with hundreds of other loans and sold to another lender, such as Wells Fargo or Citibank. I have actually had a client choose an in-house lender over Wells Fargo, only to be sold off to Wells Fargo after closing. Now...they have a Wells Fargo loan cheaper than they could receive going through Well Fargo.
  
• Do they have their own in-house underwriter? Or are they going to ship your file off to an underwriter who is located out of state and out of touch with your loan officer? Having an underwriter in-house can save a lot of last minute headaches and delays in your closing.
• Get a Good Faith Estimate: Different lenders charge different fees. For example, some charge a document handling fee, while others do not. Always ask for a Good Faith Estimate so you can see the itemization of charges you will be responsible for.

Know how to compare apples to apples: When comparing lenders, it is important to compare the charges on the Good Faith Estimate. Many buyers simply look at the bottom line - which lender has the cheapest closing costs. Look to see if the charges between lenders are similar. For example, does one lender have your taxes estimated higher than another? Are the charges for the title company similar? Are the prepaids similar?

Know your payoff: One factor that is often overlooked is how much your payoff will be the day you close on your loan. While one lender may have a lower interest rate or closing costs, will you actually be financing more than a loan with a slightly higher monthly payment or interest rate? A difference of $1,000 or $2,000 may not seem like much today, but if your job forces you to relocate in two years and you are faced with selling your home, that small difference will suddenly seem very large.

Know the difference between a prequalification and a preapproval: In today's market, it is so important to be preapproved rather than prequalified. A prequalification is when you have spoken with a lender, verbally given the information regarding your income and debts, and the lender has run your credit report and validated your credit scores. Many lenders will give you a prequalification letter contingent upon receiving supporting documentation of the information you have given them verbally. A preapproval is when the lender has been provided your supporting documentation and your information has already been given approval by the underwriter. Most listing agents are requesting preapproval letters during offer negotiations. Having a current preapproval letter means having more negotiating power and less stress in your home purchase.

Shopping for a loan can be frustrating for a buyer who has not been through the process before and doesn't understand the terminology many lenders use. Never hesitate to discuss your financing options with your Realtor. Local Realtors understand the average costs in their area and can help determine if you are being overcharged for services, as well as provide close estimates for items such as taxes and insurance. They are also familiar with local lenders and will be able to provide you with a list of reputable lenders in the area.

Stay tuned for Part II - Selecting your Realtor.

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As most people know, RE/MAX is a proud sponsor of Children's Miracle Network. Agents contribute a portion of their commission of each transaction to Children's Miracle Network. I've always felt it was a really great cause and have been proud to help support it. Until tonight, I had never truly realized the impact it has had on the lives of the families supported by our donations.

While walking in the parade, as our float passed a large group of people, I noticed a woman out of the corner of my eye stand up and start clapping. As I looked over at her, I noticed her eyes were wet and she was shouting, "I love you guys...Children's Miracle Network...I love you!" I smiled and shouted back, "Thank you, we're so happy to be a part of it."

She quickly turned around and pointed to a young boy in a wheelchair next to her and said, "You're paying for my son." Her voice broke as she said it. My heart stopped...and so did my feet. I walked over to her and her son. She grabbed my hand in both of hers and said, "I can't thank you enough." I asked if I could take a photo of them and she agreed.

As I walked away, I felt tears coming to my own eyes. I have no idea what their names are, or what her son's condition is. Coming face to face with someone and knowing that I helped make a difference in their life was one of the most profound moments I have ever experienced...as an agent and as a person. What a great feeling!

I've decided to double my contribution in 2010.

The Ozark Christmas Parade was tonight, and the gang from RE/MAX Solutions was there! We took 3rd Place for our float. Although it's hard to see in these photos, we actually got a little overzealous with the lights on the float, so we named it after The Griswalds.

The ShowMeRepos Bus made an appearance along with the RE/MAX Solutions float.

Also starring: Gandolf and Elvis

My son, Logan Arterberry, and his friend, Ms. Ellie Chase, were superb at throwing candy.

Kay Van Kampen (aka Mamma Bear) and Lyle Van Kampen (aka Boo) were on hand to keep everyone in line. She told me not to post her photo. I didn't mind her as a child...so why start now?

One of my personal favorites was the DeLorean. Wow.

Pizza Pizza from Little Ceasar's, and the Ozark High School Homecoming Attendants.

One of my favorite floats was the singing puppets.

And no Christmas Parade is complete without crying babies (hmmm, Mom's tongue is blue. Did she eat his candy?) and, of course, Santa Claus.

After the parade, everyone headed to the park to see the Festival of Lights and the hot air balloons. I caught one in flight as I was leaving for the parade.

It was very difficult to capture a photo of the balloons lit up. There were 8 hot air balloons in all.

They were absolutely beautiful in person!

TJ's Snow Removal Service

Specializing in commercial snow removal and salting in Springfield, Republic, Nixa, Ozark and Branson, MO.

Current clients include:

Lowe's Home Improvement - Springfield, Ozark, Republic, Branson

Payless Shoe Stores, Springfield

Stonebridge Resorts, Branson

French Quarter Resort, Branson

Fully insured with references available upon request.

Tim Jones, Owner

Cell phone: (417) 343-3048