The Buyer just Asked you What??

When you have your home on the market in Cedar Rapids, there may be some really doozies of a question presented to you. No matter how much you want to sell your home, there are some questions a seller does not have to answer. Your real estate agent is there to field those for you. Real estate agents have a fiduciary duty their clients. According to REALTOR® Magazine, “Seller's representative (also known as a listing agent or seller's agent) is when a seller's agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created … [Read more...]

Do You Know What Your Home Warranty Covers?

Home warranties come up a lot when you are buying or selling your home.  Do you know what it covers? A home warranty is a service contract.  It is the company's agreement that they will fix and in some cases replace specific components in your home.  A home warranty costs upwards of $450 or more for the basic package depending on who you decide to go with. It typically covers: Kitchen Appliances Plumbing Water Heater Furnace Sump Pump Whirlpool tub Ceiling and Exhaust Fans There is an option of paying more money to get more coverage.  This could cost you $100 or … [Read more...]

Trick or Treat! Are you Ready?

Saturday is the Big Day!!  The kids have been waiting all month to go door to door for candy!  You may want to check and see if your entry is safe for the little beggars…. Illumination Make sure the way to your porch and your porch are well lit. This could prevent little ghostly feet from tripping and falling. Use the highest wattage bulb for your outdoor lighting and add landscape lights every few feet along your front walk. Solar power lights work well for this. Clear the way Children dressed in their Halloween finest and possibly already on their way to a sugar high, are not looking … [Read more...]

Iowa has Strongest 3rd Quarter in 8 Years!

Press Release - Homes sales and sale prices continue  their steady upward trend in Iowa in September.  This is the strongest third quarter Iowa has seen in 8 years. The median sale price rose 5.9 percent from September of last year.  The median price was $131,750 in September 2014 compared to $139,500 this year. Home sales are up 4.8 percent from September of last year.  3,570 homes sold last month, while 3,406 homes sold in September 2014. Homes sold in the first 9 months of 2015 outpaced the same period last year by 7.9 percent. Homes are still selling quickly in Iowa with days … [Read more...]

2015 Iowa Land Values

The September 2015 Iowa Chapter of Realtors Land Institute’s Land Trends and Values Survey came out this week. Cropland value fell 3.7% the last six months and 11.3% since September 2014.  Northeast Iowa was hit the harder than those in other regions in the last year, falling 15.1%. According to the new survey, high-quality cropland in Northeast Iowa had an average value of $9,385 per acre as of Sept. 1, compared to $11,128 a year earlier and $9,855 in March. Medium-quality cropland averaged $7,179 in the new report, compared to $8,311 in September 2014 and $7,302 in March … [Read more...]