Archives for May 2014

Home Sale Prices Increase, Home Sales Decrease Slightly

Previously posted by Amy Lucht | May 14, 2014 CLIVE, IOWA (May 14, 2014) – The average Iowa home sale price has reflected positive growth again in April, according to the Iowa Association of REALTORS® (IAR). The IAR’s 2014 April Housing Trends Report indicates the average sale price of homes across Iowa in April 2014 was $152,786, up 4.6 percent from April 2013 when the average sale price was $146,119.  The median sale price increased slightly as well, going from $127,250 in 2013 to $127,500 in 2014, a .2 percent increase. The average sales price to list price ratio (sp/lp) also showed … [Read more...]

Happy Memorial Day!

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Will the changes in FHA insured Loans stop you from buying a home in the Cedar Rapids Area?

Previously I have posted articles about FHA insured loans – FHA Renovation Loans and FHA raising their premiums just to name a couple. Now according to an article on Bloomberg.com, the FHA (Federal Housing Authorities) are replacing their capital reserves which ire depleted by the surge of default during the housing crash by raising their fees. FHA has been increasing monthly fees since 2010 and now charges 1.3% per month instead of the .5 it charged borroirs in 2010. This has really hit the first time buyer. “When you’re asking young families to pay a couple hundred extra dollars every … [Read more...]

Spring is HERE in the Cedar Rapids area and so is Home Maintenance

Every winter seems to be the longest and this winter in the Cedar Rapids area, this year was no exception. With the warmer weather and sunny skies, it’s time to turn our attention from shoveling snow and keeping warm to enjoying the sun and green grass. It’s also time to get your home ready for the warmer months ahead. It WILL be warmer and stay warmer – promise – and it’s a good time to have your air conditioner inspected. It’s better to do it now and pay the maintenance fee than when it’s 100 degrees outside and your unit goes down. Check your roof and gutters. Snow and ice can really … [Read more...]

Did you turn on your lights?

WHOO HOO!! Time to MOVE!! You’re going to pack up all your things and move into your new Cedar Rapids area home!! Grab some boxes and newspaper and start packing!! However, there are a few things you will want to do before moving day ….. Insurance If there is a moving company involved, make sure to get in writing of what is insured and what is not AND for how much!! You may find damage done by the movers is insured by weight and not actual item value. This may mean cents on the dollar instead of replacement value. Check your insurance – renters or homeowners policies – to make sure your … [Read more...]