“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Georgia Weaver

Advantages of FHA Loans in Storm Lake, Iowa

Did you know:

  • With an FHA loan the 3.5% Total Down Payment can be gifted by a relative? Down payment assistance from the seller is also allowed
  • Low mortgage income insurance premiums
  • No median income requirements
  • In our area the maxium loan balance is $271,050 now that's a lot of house in Storm Lake and Alta Iowa
  • Less restrictive credit scores than conventional loans
  • and leaving the best to last - Great Interest Rates.

Give me a call Georgia Weaver (712-574-5426)and I will help you get FHA qualified and then find a home to fit your needs!

America For Sale? Chinese Buying American Properties - Contact Legit?

Just this morning I recieved an email from Beijing, China - from someone who had investors interested in purchasing property in the Storm Lake, Iowa area. At first I thought, yea right----delete, then I thought no I'm going to see if this is a scam and if it is I'm going to turn it in.

I checked out the 2 associated websites noted after the sender's address. Surprise, I think the group may be legit, they have contacts in Las Vegas, NV. Anyone else out there have any experience with the American Property Expo 2009 group? I did some research and translating on their sites (horrible - a lot of it I couldn't make heads or tails of with Babel Fish) and I am not sure what to think.

I was a little disturbed to see "America for Sale" noted on their website.

Let me know

My One Stop Website Resource for Real Estate Investing

Need information fast, need a good way to explain a real estate investing term or formula? Then you have to go to this webpage, while you are there checkout all the other resources James Kimmons has listed on about.com

This is the time to be investing in real estate, a lot of people are getting out, many who invested previously and didn't keep up their properties will soon have to sell. The rental market (at least in my area Storm Lake and Alta Iowa) is hot, hot, hot! I just purchased another building, this is my first in Storm Lake, it has a commercial tenant on street level and space on the second floor for 2 large 2 bedroom apartments. Not a lot of demo, existing wide plank wood flooring and 12 or 14 foot ceilings. We have one apartment left to complete in our Alta 4 plex, that will be done this Spring then we will start on the Storm Lake building. I am getting excited about the layout, I have lots of ideas and a program called Plan3D to help me make it spectacular!

Disclaimer - I do not make any forerral fee or other gain from Plan3D

http://realestate.about.com/od/knowthemath/tp/financial_calcu.htm

CRS - Certified Residential Specialists - Why it pays to find one

What is a CRS - the letters stand for Certified Residential Specialists and it is a designation very few Realtors ever attain. It has been said that -

University Professors have the Ph.D.

Physicians have the M.D.

REALTORS® have the CRS

When you see the blue, black and gold shield with the CRS initials it means your agent has earned the prestigious Certified Residential Specialist Designation-

How can you tell if your real estate agent has the knowledge and experience you need?

Look for the CRS shield, only the best have it, in fact less than 4% of all Realtors will put in the work to achieve this designation.

CRS Shield

Iowa Housing Market - Statistics Statewide

The Iowa Association of Realtors publishes housing statistical information and summarizes all boards that report. Statewide the numbers stack up like this:

Comparing 2008 to 2007

January 2008 - Median Price down 18% and number of sales down 36%,

February 2008 - Median Price down 17% and number of sales down 11%,

March 2008 - Median Price down 18% and number of sales down 24%

April 2008 - Median Price down 1% and number of sales down 14%

May 2008 - Median Price down 17% and the number of sales down 15%

June 2008 - Median Price down 1% and the number of sales down 31%

July 2008 - Median Price UP 1% and the number of sales down 9%

I expect to see these numbers getting into positive territory very soon, once the election is over and the economy stabilizes.