Saint Charles Real Estate Blog and News

Are mortgage interest rates really ‘historic’ now?

2011-06-21T15:15:00.001-06:00

We hear it all the time. Headlines trumpet “mortgage rates at historic lows!” Could this really be true, or is it hype? Curious to find out, we researched mortgage rates way back to 1981 to find out the real story. Which is to say, yes, our current interest rates are historic.

Back then, some 30 years ago, the interest rate was a whopping 16.70 percent (can you image that?) for a 30-year fixed rate mortgage in June 1981, according to mortgagenewsdaily.com. In between then and now, rates did moderate to averages of about 11.50% in 1983; 8.43% in 2000; 6.88% in 2008.

So yes, the 4.73% average now really is historic. For buyers and sellers, this may be the most influential component in deciding to enter the housing market now. Buyers are enticed by the low rates and the increased housing stock. Sellers have the advantage too. Low interest rates bring in potential sales, and if your home is competitively priced and improved to match comparable homes in your neighborhood, your success rate will be high.

Spring and early summer are the peak times for buying and selling. Buyers want to settle into their new neighborhood when the weather is nice and they can be outside to meet neighbors. Children also benefit with an early summer move so they can adjust to new friends and schools.

For sellers, advantages include the opportunity to increase curb appeal and add special touches to landscaping to really show off their property. Homes show much better in the summer months with loads of outdoor natural lighting streaming in through the windows. And sellers want to be somewhere else, established in their new neighborhood.

If the interest rate is the prime motivation for buying or selling, this is the right time. We see the rates hovering around 5% or less for the foreseeable future. Wait or not, there is success out there for both buyers and sellers.

Yes you can sell your home this summer! Take a look at what buyers want and get your home ready to go.

2011-06-14T08:27:00.000-06:00

We’ve all heard that this is a buyers’ market, there are plenty of real estate choices and buyers expect the lowest price possible. This can put sellers on the defensive. However, you can position your home in this market to satisfy buyers and get fair market value for your property.

Price. Your real estate agent will help you determine a fair price for your home. She will provide you with comparable homes in your area so you can be competitive as soon as your home is listed. Pricing your home too high will only turn away serious buyers and get yourself into a stressful negotiations battle.
Basically solid. Position your home as well maintained, solid and ready to move in. Today’s buyer wants a home that has value for years to come. A pre-sale home inspection is a good idea. The inspector will help you decide what you need to fix or upgrade structurally to make your home more appealing.
Energy efficiency. One of the most enticing selling points now is energy efficiency, which points to lower utility costs down the line. Emphasize your home’s energy efficient aspects, such as appliances, heating and cooling systems, windows, lighting and insulation.
Incentives. Some sellers offer incentives to lure buyers, such as financial assistance at closing, purchasing the first year for a home warranty, sharing closing costs, paying a year’s worth of home association dues or prepaying property taxes. Offering incentives up front do make your property stand out and can shorten the negotiation process.
Outdoor living. A seemless transition between indoor and outdoor living is a popular plus these days. Highlight your lovely deck, patio or screened-in porch. Here’s a wonderful opportunity to stage that area with lighting, colorful flowers and landscaping and furniture. Not only is this a selling point, but you’ll enjoy your outdoor living space right now.

Present you home with positives in place, clean and de-clutter, repair, update and price reasonably. Your property will stand out and attract the right buyer for the best deal.

Just don’t do that. Some over-the-top renovations won’t help sell your home or impress buyers.

2011-06-07T09:43:00.000-06:00

Selling a home usually means some updating, possibly remodeling a few areas. Kitchens and bathroom renovations reap payback at closing time, but a word to the wise: don’t over improve. You’ll set yourself up for a yield of diminishing returns.

The smartest way to increase your home’s value is to bring it up to neighborhood standards. Leaping ahead of the Joneses will only stall your sale, especially in a market where buyers are cautious and want to see solid value. Always consider your neighborhood and research comparable properties before you jump into renovation projects.

Here are some don’ts and do’s.

Don’t assume more space means more profit. Depending on your neighborhood, over-the-top improvements can be a real turnoff for buyers, especially if it means that additional maintenance isn’t worth the effort. For instance, kitchens catch a buyer’s eye, but if you’re dead set on a chef’s kitchen, take a step back and think about it. Sprucing up a kitchen is a good move, and a nice makeover can be done with minimum investment.

Don’t turn a bedroom into an office space when you’re ready to sell. Buyers want bedrooms and want to see rooms as bedrooms. If you already have a home office, which most of us do these days, upgrade that space with attractive storage units to reduce clutter, and maybe a new desk that you can take with you to your next home.

Do think long and hard about installing a swimming pool, unless you plan to stay where you are for a long time. Buyers can see a pool as a major headache and safety issue if they have small children. Heating, skimming, repairing, balancing the acidity level and winterizing are a lot of work for buyers moving into a new home. Instead, take some of that money to create a beautiful landscape with perennials–a lot less work.

Don’t install that media room with theater seating. As buyers downsize, that’s one recent improvement that is no longer enticing. A family room is a better value, but so is a clean, waterproof basement for storage and an efficient laundry space.

The way you look at your living space is very personal. If, indeed, you want an Italian wine cellar with imported stonemasons, by all means do that should you plan to stay for a while. But, that wine cellar isn’t going to add bottom line value to your home if you want to sell now.

Grilling outdoors is a time-honored American tradition. Keep it a safe experience for your family and friends.

2011-06-01T10:31:00.000-06:00

Americans have a love affair with barbeque, and Memorial Day is the unofficial kickoff for grills, smoke and sauce. Getting family and friends together for a meal is one of the pleasures we enjoy the most, but keeping the experience safe is a must.

The National Fire Protection Association (NFPA) reports that each year outdoor grills cause an average of 7,700 house fires and $80 million in property damage. Here are some grilling tips to avoid being a statistic this summer.

Regardless of the type of grill you favor, it should be located outdoors and in a clear area. Place your grill away from siding, deck railings, eaves and overhanging branches. DO NOT grill in a garage or enclosed space. That’s just setting yourself up for a fire.

Kids are a big part of barbeques and when they get together, there is usually a lot of running around. The NFPA recommends setting up a three-foot kid-free zone around the grill to ensure safety.

The cook should use long-handled grilling tools for clearance from heat, flame and hot grease. Don’t wear loose-fitting clothes that may catch on fire.

Gas grill enthusiasts should check out the gas tank hose for leaks before using it at the beginning of the season and periodically during the summer. Obstructions in the fuel path are the number one reason for gas fires. At the first sign of a leak, turn the grill off and have it serviced by a professional.

Charcoal grilling also has its hazards. The first problem begins with lighting the charcoal with lighter fluid. Use the fluid only to start a fire, never when the coals are burning. Lighter fluid turns to a heavy gas at a low temperature, which will explode easily. Rather than deal with lighter fluid at all, use a charcoal chimney stuffed with newspaper on the bottom to start your coals. Much less risk, and you also avoid the carcinogenic effect of chemicals.

Should you have a grill fire, move everyone away from the area and call 911. Really, don’t let your ego get the better of you and your guests.

Beer and barbequed brats go together, but not for the grill master. Don’t drink and barbeque at the same time. You’ll need a clear head to produce a fine meal and stay safe. Have that congratulatory drink when you guests are raving about what a great cook you are.

Investing Your Tax Return In Your Home Enhances Value & Adds Enjoyment

2011-05-30T21:48:00.001-06:00

What did you do with your tax return this year? Maybe a quick vacation to reward yourself for actually getting your taxes in on time? A down payment on a new car? Or did that refund just…disappear into your daily expenses?

We think the best use for your refund is to target improvements that will enhance your home’s value. The average tax refund is $3,000, but even if your return was less than the average, there are plenty of quick fixes to make you feel good.

With spring here and summer not so far behind, let’s go outside for some tax return projects that will make your home a welcome site. Houselogic.com has some great ideas.

For about $3,000 you can add a soft glow to your home with outdoor lighting. One of the most important techniques to increase curb appeal and safety, outdoor lighting enhances your home’s architectural features that welcome guests into your home. The cost would include 7 LED lighting fixtures with a transformer to convert household current into low-voltage and two motion detectors.

Going around back, take a look at your patio. Outdoor living is in now, and a $3,000 patio makeover could add 30-60% on your investment. A professionally installed 12 by 16 foot brick or paver patio will give you plenty of room to enjoy the outdoors in addition to the increased value.

Taking into consideration the recent run of very bad weather, you might give some thought to a portable generator system to keep you up and running when the power goes out. Depending on kilowatt model, a generator ranges from $500-$2,500. Investing part of your tax return in a generator will help you continue with a few electrical essentials until the power goes back on.

And you’ll have a bit of money left over for a pizza party on your new patio!

February Calendar of Events

2011-02-01T11:16:00.001-06:00

Through February
Black History Exhibit
Frenchtown Heritage Museum
For more info and hours, call 636.724.2106.

Winter Classic sponsored by the Ice Skating Institute
Friday, February 11-Sunday, February 13
Various times
St. Peters Rec-Plex
More than 1,000 skaters from across the country compete in the Winter Classic. See a record performance that will feature 140-plus people from the community on the ice all at once.
For more information, call 636.939.2386
FREE

ART by Yasmina Reza, translated by Christopher Hamptons
Thursday, February 17-Saturday, February 19
Riverside Shakespeare Theatre
Feb. 17, 7:30 p.m.; Feb. 18 and 19, 6 and 9 p.m.
Foundry Art Center
What is art? That’s a question most people don’t have an answer for. The Tony award winning play, ART, explores that question and the true meaning of friendship. In this comedy drama, three friends come to realize that even though they have been friends, their differences don’t stop with artistic opinion. Much laughter and insight abound.
$15 at the door, or go to the Riverside Theatre Company website. Are you a member of The Foundry Centre? Get a discount for the show by calling 636.255.0270.

Lindenwood University Speaker Series
7:30 p.m.
Thursday, February 10
Anheuser-Busch Leadership Room
Dr. Robert George discusses Natural Law: God and Human Rights
For info, go to the University website.
FREE

Percussion Discussion, Crescendo Concert Series, A Free Children’s Concert
Saturday, February 12
10 a.m.
First United Methodist Church
This concert is designed for children. Matt Henry and member of the UM St. Louis Percussion Ensemble will have a hands-on display of making music with percussive instruments. Please bring a canned good or one dry-packaged food item. For more info, go to the Crescendo Concert Series website or call 636.946.0310.

Shiver Fest
Saturday, February 19
Noon-9 p.m.
Augusta Brewing Company
Enjoy a day of fun winter activities in Augusta, including live music, toasty fires, hayrides and a very special beer release.

From Tragedy to Miraculous Rescue
Friday, February 25
6:30 p.m.
St. Charles County Library Middendorf-Kredell Branch
Sponsored by OASIS
Dagoberto Pinto, a U.S. citizen born in Chile, shares his fascinating story of his visit to the San Jose Mine in Chile, where 33 miners endured 69 agonizing days underground. Pinto took an American flag and a card signed by 150 co-workers at O’Fallon Casting. For more information, call 314.539.4556 or visit the OASIS website.

Mardi Gras Parade
Saturday, February 26
3 p.m.
Frenchtown District
North Second and Clark Streets
Family friendly parade, children’s activities and music.
For info, call 800.366.2427

Beggin’ Pet Parade and PetSmart Wiener Dog Derby
Sunday, February 27
11 a.m.
Soulard at Allen and Menard Streets, St. Louis
Bring your party animal to Soulard’s Beggin’ Pet Parade and show off his outrageous finery. Thousands of pets party on and attend the “Tail”gating Party too. It’s a $10 donation to the Open Door Animal Sanctuary to enter your pet, and free if you just want to watch and fun. Got a doxie? Enter her in the PetSmart Wiener Dog Derby on Saturday after the parade. Dachshunds race in three divisions, depending on age: Cocktail Wienies, Ballpark Franks and Hot Dogs. Trophies, medals, race pictures and local radio talent announce the race. There’s a $10 fee to register your Dachshund. Fun is free.

Free ADT Home Security

2011-01-26T17:14:00.002-06:00

If you are intersted, one of my real estate partners is offering a FREE ADT Home Security System, call me today to see how...just thought I would offer this out to my FB peeps!

Plan Your House Hunting Efficiently and Avoid Stress

2011-01-25T14:58:00.000-06:00

With so many houses on the market now, buyers can be overwhelmed if they don’t have a plan.

With the number of houses on the market now, searching for that perfect property can be time consuming and sometimes frustrating. The number of homes potential buyers want to see has increased dramatically in the last couple of years, with buyers searching for the perfect home at the perfect price.

How do you cut through the process and become efficient in your search? First, be honest with yourself and your Realtor. Make a list of all the features you want in a home and stick to it as much as possible. That includes location. By not straying, you and your agent can be much more efficient.

Be fair about what you can pay. While homes at the very upper end of your budget may dazzle you, spending time on the unobtainable is inefficient. Keep in mind that buying a house is a very long-term financial commitment.

Almost nine out of 10 homebuyers start their search online. Here you can see virtual tours and get a feel for the property. Download the information and put it in a binder that you will refer to frequently. Set up a driving tour by using an online map application. That will guide you in a logical route and you won’t waste time and gas.

The market has been flooded with short sales and foreclosures. What if the home you find falls in one of those categories? Are you ready and patient enough to deal with the special circumstances surrounding these properties? The bank owns foreclosures and there is virtually no variation in price, plus the property may have been neglected and will need extensive repairs after you buy it. Short sale properties are usually in better shape, but, since the buyer will be dealing with the seller as well as the bank, negotiations can take months. If you see a foreclosure in your future, work with a Realtor who specializes in this type of sale. You want an agent who is experienced and can work through this lengthy process.

Trust your emotions. If you feel an initial connection with the home, give it serious consideration. Be cautious about seeing the next home and the next home, hoping an amazing bargain is right around the corner when you heart lies with the first one you saw.

When you find that special home, be flexible during negotiations. Just because more homes are available doesn’t mean you can walk away with a very lowball offer. You want to get to a place where both you and the seller are comfortable and the price is fair market value.

With a bit of focus and planning you can land your new home efficiently and start your new life without stress and tension.

Reaching Our Goals in 2011 (The Grant Hickman Team)

2011-01-25T10:47:00.001-06:00

Thank you for allowing us to come into your life each month with our newsletter. I appreciate your time and want to take a moment to share with you The Grant Hickman Team Goals for 2011.

Serve Help 70 Families buy and sell
Advise Offer proven Home Buying and Selling Systems
Faster Sell homes 25% faster than the local average days on market
Sell Higher Sell homes for higher in price (*97% of adjusted list price, 3-4% higher than local average)
Buy Better Buy over 10% under asking list price (-4% better than local average)
Have Fun Proactive Real Estate that will reduce the amount of stress and we are excited about helping :)
Give Back Embark on efforts to give back to local foundations and charities (*details in the near future)

Because of your past support, business, and recommending us to your friends and family we are able to set these new and exciting goals. The Grant Hickman Team is providing expert services including home buying, selling, relocation assistance, new construction, leasing, investment real estate and foreclosure avoidance. This is going to be a great year!

Winter is no friend to your carpet. Improve your family life and that of your carpet’s with a professional cleaning

2011-01-21T16:57:00.000-06:00

Sticking to a regular residential carpet cleaning schedule is important to maintain your carpet’s integrity and your family’s health, even during the winter months. A case in point is the recent snowy weather during December. Children tracking in snow and dirt from their sledding excursions, salt melt products stuck in boot treads, pet paw prints and embedded Christmas tree needles all add up to stress on your carpet and the possibility of permanent stains.

Left unattended, your carpet takes a beating and delicate fibers begin to break down. Traffic areas become more noticeable and deeper and dried salt crushes into the carpet. If let unattended, salt products can strip carpets of their chemical bonding compounds and wood floors of the urethane coating.

Another very important issue is mold. Carpets draw melting winter snow down to the padding, where without air drying, mold begins to form. Once you have a mold problem, it’s difficult and expensive to eradicate. A good winter cleaning will address all of these situations and make your carpet even more able to help combat allergens.

Also, professionally cleaning your carpet in the winter means that with lower humidity levels, your carpet will dry quicker with no oppressive July humidity to slow down the process.

The Environmental Protection Agency (EPA) recommends routine carpet cleaning every 6-12 months and every 3-6 months if you have young children and pets. Scheduling a winter cleaning is a smart way to extend the life of your carpet.

Avoid Foreclosure!

2011-01-21T14:06:00.005-06:00

I had 2 people this week call me about helping them avoid foreclosure. One person we are starting the process but the other person waited until 1 day prior to foreclosure date to call me.....then decide to just let the bank foreclose on him. PLEASE, if you know of a friend or family member about to lose their home, have them call me ASAP, don’t wait until it is too late!!!!

With just a 5 minute phone call and filling out a quick email questionnaire, my team and I can determine if we can help you in a very short amount of time. Don't make a decision like foreclosure that can impact you for many years down the road.

Real Estate Job Opening STL/Saint Charles

2011-01-18T15:53:00.002-06:00

The Grant Hickman Team is looking to expanding in 2011 and hire another Realtor. We please contact Grant Hickman directly @ (314) 265-1531 if you are interested in a career in Real Estate. This is a commission only position. If you are new/newer in the real estate business and looking for another avenue to grow and succeed, The Grant Hickman Team might be your next HOME!!!

Repairing Your Credit After a Foreclosure

2011-01-18T13:23:00.000-06:00

Repairing your credit after a foreclosure will take some time but is possible
Understanding why your home went into foreclosure and making financial adjustments will go a long way toward buying another home

Enduring a foreclosure on your home is painful and disheartening. Even though the past three years have been tough for many homeowners, being in the same boat doesn’t make the situation any better. Foreclosures have many ramifications for the family, the least being a damaged credit score that could prevent future homeownership.

All is not lost. A foreclosure stays on your credit record for seven years, while a bankruptcy is 10 years. While you won’t own another home with a mortgage in the near future, you can look to the future and begin making repairs.

First, examine the cause for the foreclosure. Possibly a job loss or health issues prevented you from making mortgage payments. In these cases you can apply to Fannie Mae or Freddie Mac in three years. If the foreclosure is due to financial mismanagement, the waiting period is seven years.

Request a copy of your credit report from all of the three credit bureaus–Trans Union, Experian and Equifax–and write a detailed explanation of the foreclosure for each bureau. This is especially important if the foreclosure was the result of health issues or a job loss. It’s not going to change your score now, but in the future the facts may help you look credible to a potential lender. You can receive a free credit report by going to annualcreditreport.com.

Pay your bills on time. Credit reports look at payment history, so it is extremely important to make regular payments on your accounts, including utilities. You will demonstrate that you are now stable and have a consistent financial plan in place. That makes you more appealing to lenders.

Oddly enough, you should apply for credit. Just a little at a time, but having a car payment, a credit card or a department store revolving charge will begin the rebuilding process. Don’t go crazy though–keep you purchases low and pay them off every month.

Plan a budget and adjust your spending habits. Doing this will relieve more financial stress. Keep track of how you’ve spent money and evaluate those purchases at the end of each month. You’ll have physical proof of what you bought and can determine if that purchase was really necessary.

By being patient and practicing financial discipline for the next few years, you may indeed be able to purchase another home and start a better life.

Seed Catalogs Herald the Beginning of Spring Planting

2011-01-14T15:24:00.000-06:00

Make a plan, choose wisely and use native plants for a low-maintenance gardening experience.

The seed catalogs begin arriving. Beautiful, verdant pictures of luscious flowers blooming merrily along in sculpted gardens, all framed by well maintained rolling lawns. Leafing through the catalogs is certainly a fine diversion to chase away the gray January clouds and a way to begin planning your spring garden.

Now, for a douse of reality. Those vibrant pictures of flowering roses, deep purple clematis, impatiens bursting in oranges, pinks and lavender¬–they live in a controlled climate carefully tended by nursery people who care for them correctly, not in our Missouri yards.

So, keep in mind that what you see in the catalogs may not exactly work here. There’s no harm in dreaming, but as you begin to plan for spring, think of the reality of your yard and how much effort you will contribute to keeping it up.

While we can’t promise a no-maintenance landscape, we do have some suggestions for a low maintenance garden.

Begin with a plan
Whether you are starting from scratch or refreshing your current garden, a plan is a must. Look at the environmental aspects of your space and designate shady areas, full sun gardens, windy areas and extremely dry or wet locations. When you’ve completed your assessment move on to choosing the appropriate plants for the right spots.

The design
As with most things simplicity, is much more elegant than an explosion of plant clutter. Each plant should serve a purpose, whether as ground cover, a backdrop or bits of color throughout a coordinated scheme. Give each plant enough room to grow, and be very generous with mulch. This nurtures plants, if you choose organic mulch, and reduces the need to water. Plants grouped into small beds are more eye-catching than a sweeping view more suited to public spaces. Small beds are also easier to maintain, which means success for you. The Missouri Extension Service has landscaping guides and plans that will be quite helpful.

Plant selection
When choosing your plants, keep in mind the Missouri summers that can be extremely oppressive in July and August. That kind of heat stresses plants and the people who care for them. Choose plant matter that can handle low watering and high heat.

The best bet for low maintenance plants are native ones. These plants live here in Missouri and have adapted well to the climate. Grownative.org, a cooperative project between the Missouri Department of Conservation and the Missouri Department of Agriculture is an excellent resource to stock your garden with natives that you can enjoy the whole growing year with a minimum of effort. The Missouri Botanical Garden also offers Plants of merit that will grow well here.

Curl up with the delicious seed catalogs as the cold winter wind blows outside. Choose wisely and decide how much work you are willing to contribute to your garden. Then you’ll have great success and an enjoyable summer.

Tax season is right around the corner. If your finances aren't in order, give me a call today for a recommendation on who to talk to. 314.265.1531

A few New Year Reminders

2011-01-13T16:52:00.001-06:00

Standard mileage rates, as of January 1, 2011:

51 cents per business mile
19 cents per mile for medical purposes
14 cents per mile for charitable services

Update your payroll state unemployment rate;
Estimated tax, if not paid before the end of 2010, they are due January 18th
To avoid income tax penalties be sure you have paid 100% of 2009 taxes or 90% of what you owe this year;
Get a basket, shoe box, or storage box, to contain all the tax documents you will start receiving via mail or e-mail;
This is a great time to update your home inventory by adding any electronic or other valuable items received over the holidays. Be sure to discuss with your insurance agent for additional coverage, if necessary;
Take advantage of buying ‘out season’ items, such as carpet, linens and swimwear.

If you need help looking over your finances, give me a call at 314.265.1531 and I can recommend the perfect solution!

Have you had a Foreclosure/Short Sale / Chapter 7 or 13?

2011-01-12T14:37:00.004-06:00

I have the most recent guidelines for eligibility to buy again! Contact me and I can give some insight on how to get on track to being a home owner again….sweet!!!

Tax Relief Act of 2010 Information

2011-01-12T11:49:00.000-06:00

You need to wait to file your 2010 income tax if you are impacted by any of the tax deductions or credits renewed by the Tax Relief Act of 2010, enacted December 17th: The following schedules are changing:

Form 1040, Schedule A, itemized deductions;

Form 8917, Tuition and Fees deduction;

Form 1040, line 23, Educator expenses;

Form 4684, Casualties and Thefts;

Form 5405, First time homebuyer credit & Repayment of credit;

There are a few other less ‘popular’ credits too. The IRS expects to have the forms updated and ready for processing about mid-February.

Another possible delay in filing your tax return this year; the Form 1099-DIV has been changed to report both ‘ordinary’ and ‘qualified’, and the Form 1099-INT now reports tax-exempt interest. Mutual Fund investments are the most likely to be incorrect since the information comes from several issuers, and then is broken out for the different types. Be sure to verify these Forms against your own records.

Mortgage Lender

2011-01-11T13:39:00.005-06:00

How do you find an honest mortgage lender? Start with personal recommendations, and set up some appointments with certified lenders. Call me today and ask about Shawn Tihen at iBeria Bank. I can recommend him with full confidence.

The Grant Hickman Team
314.265.1531

Aaron's Auto Grand Opening Special!

2011-01-08T11:39:00.000-06:00

It's 2011 - Join The Grant Hickman Team?!

2011-01-04T16:09:00.001-06:00

Have you considered SELLING your Real Estate Business? (book of business)

The Grant Hickman Team is ready to do business with you. We are looking for REALTORS who no longer have the time or passion for the business and would like an exit plan. If you are thinking of:

Quitting the Business

Changing Careers

Burnt out on Real Estate Retiring

Lost the motivation

Let someone else do the work for you

No matter if you do one transaction or 30 transactions a year, we would like to talk to you. You can still make money and let us do all of the work.

Call Grant Hickman at (314) 265-1531 to discuss how to continue to earn money, keep your license, yet focus on other endeavors.

Jan. 2011 Calendar of Events

2011-01-04T15:02:00.001-06:00

January-February
Bald Eagle viewing and events
Various dates and locations
The eagles return. The Middle Mississippi River Valley is home to the second largest population of bald eagles. Various state agencies and parks, nature and other local organizations and communities celebrate our nation’s symbol with many types of viewing and educational opportunities. Participants can find those activities here.

Friday, January 7
Star Party
6:45 p.m.
St. Louis Science Center
View the brilliant night sky with the St. Louis Astronomical Society. The Society and the Science Center will provide telescopes and answer questions. For more information, call 314-289-4453 or visit the Science Center website.
FREE

Saturday, January 8
All about the farm
Primrose Farm
10 a.m. and 2 p.m.
5N726 Crane Rd.
St. Charles Park District
Learn about the historic Primrose Farm during farm story time from 10-11 a.m. Enjoy a snack and visit with the farm’s animal residents. At 2 p.m. guests can have a hands-on experience with farm animals and learn more about their care and feeding. Classes are available for both events. Primrose Farm provides interpretative experiences about life in the 19th century on a farm and how technology has changed farming life. For more info, call the farm at 630-513-4370.

Friday, January 21
Russian National Ballet presents Romeo and Juliet
8 p.m.
Bezemes Family Theater
Lindenwood University
This full length ballet is performed by the Russian National Ballet in a dramatic and visually stunning production featuring more than 50 dancers in the great Russian ballet tradition.
For more information and to purchase tickets call the box office at 636-949-4433 or vist the J. Scheidegger Center for the Arts webpage.

Daily through April 3
Treasures of Napoleon
Missouri History Museum
Forest Park
Daily 10 a.m.-5 p.m.
Tuesday 10 a.m.-8 p.m.
Look inside the private life of Napoléon Bonaparte, the Corsican general who attempted to conquer Europe and North Africa. Here is a look behind the legend with a showcase of his personal possessions, historic artifacts and paintings. For info and tickets, go to the History Museum’s website or call 314-746-4599.

Saturday, January 29
Fete De Glace
9:30 a.m.-3:30 p.m.
Historic Downtown
Fete de Glace or the Festival of Light is an outdoor ice-carving competition where skilled carvers from around the region turn blocks of ice into amazing creations. Coffee, hot chocolate and fire pits are available for warmth. Call 636-946-1898 for more info.
FREE

Saturday, January 29 and Sunday, January 30
The Great Train Expo
St. Charles Convention Center
10 a.m.-4 p.m.
This is the place to be for model railroad enthusiasts. The show offers a variety of model railroad and toy layouts in many different scales and gauges. Hundreds of dealers will display their wares and model train experts are there to answer your questions. There are also free workshops for beginners and more experienced collectors. For information, call the Convention Center at 636-669-3000 or visit the Expo’s website.
Adults $7/ kids 12 and under FREE

A Year-End Thank You to Our Clients

2010-12-27T14:36:00.001-06:00

The past 12 months have been a year like no other as we learn to adapt to a different real estate climate and provide our clients with the best service possible.

Our charge is to learn new ways to serve our clients, from new government regulations and programs, to enhancing online sites showing off your house, or helping a client through a complicated sale.

We thank our home sellers and buyers for their support and the support of the St. Charles community. We strive to be good neighbors and make contributions that will enhance our corner of the world.

When the going gets rough, working together makes the challenges easier and even more satisfying. We’ve been here for 35 years and intend to help our clients for at least another 35 years. Our agents always have your best interests at heart and we look forward to a brighter 2011. With you, we can do it.

A touch of paint adds up to a bright home, livable home for the new year

2010-12-20T14:34:00.000-06:00

Painting can make all the difference in how potential buyers perceive you home.

As 2010 takes its last bow, it’s time for a fresh, new outlook. Pack away those holiday decorations and give your home a bright look that will lift your spirits and position your home as more marketable. There are many small projects that can be done in a weekend, but nothing makes more of an impact than painting.

It’s amazing how much a coat of paint can change the outlook of a room. Color makes a great difference, so start with a quart of your color choice just to make sure you like it, and it shows well during different times of day.

When you buy paint, consider the type of finish and how well it will hold up. The most common finishes for walls and woodwork are eggshell and satin because they are easy to clean and give a crisp finish. Eggshell has a lower gloss than satin. In some cases, these finishes will show imperfections in the walls, so good wall prep and plastering are a must before you paint.

Other choices include flat, or matte, which has no sheen and can be hard to clean. High gloss finishes aren’t used much for interiors, but they are becoming popular for a dramatic look on cabinets and very modern designs.

Usually homeowners are counseled to present their homes in neutral colors, but don’t restrict yourself to whites and creams. Done well, even a contrasting wall in a related color will be pleasing to potential buyers. For instance, if you have a wall with French doors leading to a patio, you can make that wall a focal point with a darker shade of paint. Because the focal point wall has natural lighting, a darker paint won’t minimize the size of your room.

Crown molding is a great selling point now. Show it off with a different color than your walls, but keep the ceiling light to make the room more expansive.

Since you will be painting in the wintertime and have a limited ability to open windows for ventilation, it’s important that you choose a low or zero VOC paint. This type of paint does not release volatile organic compounds (VOCs) into your home. These paints have a slight odor when applied and no odor after curing. They are just as durable as traditional paints and are less harmful to you and your environment.

Get started soon. A painting project is just what you need to brighten your home and your life.

THANK YOU! from The Grant Hickman Team

2010-12-16T14:53:00.001-06:00

Just wanted to take this time to send out a personal Thank You to all friends, families, partners and everyone that supports me and The Grant Hickman Team.

This past year certainly has been one to remember, not only in real estate, but also for so many families in so many “Life Effecting” ways. From foreclosure avoidance, divorce, downsizing…to growing families, marriage and investing in real estate!

For those of you who know me personally, 2010 has shown me many aspects of life. I am grateful to have Lori, Cary and my entire SCHNEIDER team and Partners, Friends and Family surrounding and supporting me. I am also appreciative to all of our families that let us help them lease, refi, buy, sell and invest.

The world of real estate is constantly evolving. I believe, as your trusted real estate advisor, it is my responsibility to provide you with information to make your real estate experience awesome. From explaining federal and state home buying incentive programs, eco-green advantages, staging, landscaping, navigating foreclosures, short sales, profitable real estate investing, successful home closings, and all the important details that you need to know in today’s complex real estate climate.

I feel humbled and appreciative that year after year, I am able to be apart of such an important part of our families lives….their home!

On the first day of January 2011, we are lucky to have 365 days of opportunity to help! The reason The Grant Hickman Team exists at all is because of you–our families who trust us, rely on us and share an enthusiasm for my business. For this, and your loyalty, from myself and my entire team…THANK YOU.

Sincerely, your Realtor,

-Grant Hickman

Driving During Bad Weather

2010-12-16T10:52:00.002-06:00

Living in the Midwest has brought us from warm weather and sunny skies, to cold winds and snow covered streets in a drastic way this year. With the weather changing so rapidly, our friends over at Marquitz Buick, Cadillac, GMC in Troy, Missouri want to provide you with some tips for driving in the snow and ice. The best tip available for driving in bad weather is to not drive at all. Although, it is understandable that not driving is the safest way to avoid accidents, it is not realistic and sometimes a trip to the grocery store is necessary.

Driving safely on icy roads

Decrease your speed, and leave plenty of room to stop. You should allow at least three times more space between your vehicle, and the one in front of you.
Brake with slight pressure, and release the brake if you detect slippage.
Drive with your headlights on.
Remove snow, and any road grime from headlights and windshield.
Ice patches can be found in several spots even with temperatures above freezing. Be careful when driving on roads that are not traveled often.

If your wheels skid

Take your foot off the gas pedal, and steer in the direction the vehicle is traveling. If the vehicle is sliding right, steer right. You may have to steer left and right a few times in order to get the vehicle completely under control.
Most vehicles come standard with Anti-Lock Brakes (ABS), and you will need to put steady pressure on the pedal to help reduce the skid.

If you get stuck

Always travel with a cell phone in order to call for help if necessary.
Do not spin your wheels as this will dig the vehicle in deeper.
Try to clear the snow in front of the tires with either a shovel, or by turning the tires from side to side.
Place kitty litter, gravel, or salt in front of your tires to help gain traction.
Attempt to rock the vehicle back and forth. Check the owner’s manual first before attempting.

More information can be found at Weather.com, with the National Safety Council, the New York Department of Motor Vehicles, and the Washington State Government Information & Services.

Give homeowner tax credits, rebates to you and your house for the holidays

2010-12-14T14:33:00.000-06:00

Energy efficiency is in, as well as income tax breaks next year.

As the year draws to a close and attention turns toward giving, you can give you, your family and your house the gift of energy efficiency that will last long after the holiday hubbub. Electronics are usually gift pleasers and can mean even more if you choose those that are energy efficient. As an example, over the lifetime of a home office equipped with an energy efficient computer, printer and lighting, you can save around $350. Retail and online stores routinely offer rebates on energy efficient products that will help you save money.

The deadline for the federal government’s energy tax credits is December 31, 2010, so speed is of the essence here. Those credits include qualifying heating, ventilating and air conditioning system, insulation, roofing materials, windows and doors. Credits are for 30 percent of the cost up to $1,500 for certain products.

But if you want to install a solar water heater, those tax credits extend through 2016. Closer to home, the Missouri Department of Natural Resources offers energy efficient incentives while Ameren Missouri offers renewable energy initiatives with customers and rebates and free pick-up for old refrigerators and freezers.

The federal tax credit program is a memory now, but homeowners can get help from the city of St. Charles and the Community Development Homeowner Assistance Program or check out the homeownership possibilities with the state of Missouri compiled by the Missouri Association of Realtors.

When the April 15 income tax deadline looms next year, keep in mind that you can get some tax breaks by deducting the interest on your home loan. Real estate, or property taxes, are also deductible and points are too if your real estate purchase was for your main residence. To receive these tax breaks you must file a long for and itemize your deductions.

Learning to take advantage of energy efficient deals, tax breaks and homeowner assistance will help you end the year with a bit more change in your pocket.

Saint Peters 3 Bed Home FOR SALE

2010-12-10T11:52:00.004-06:00

Check out this awesome ranch home in Saint Peters, MO

Tucked in tall trees offering loads of privacy along with a gorgeous view this home is beautifully situated! Close to Laurel Park in a well established neighborhood don't miss checking out this home! The living room is bright and spacious featuring a cozy floor to ceiling corner brick fireplace sure to be a favorite gathering spot this winter. The heart of the home kitchen has plenty of room for a nicely sized table and hutch. The view out of the kitchen window and slider is outstanding! Right outside the kitchen is a large deck flanked with mature trees that offer their shade all summer long! The main bathroom offers the convenient Jack and Jill feature! Be sure and head downstairs where you will find another full bathroom and partially finished rec room and sleeping area. Outside the lower level atrium doors is another deck below the upper level deck that provides shade and some protection from the elements! Call today to schedule your own private viewing!

See More Pictures

Adopt-A-Family

2010-12-10T11:28:00.003-06:00

Heading over to Saint Charles Community College to help set up for Adopt-A-Family Dec 10th-12th. Small way for me to give back to an amazing cause!

How to make Holiday Entertaining Tax Deductible:

2010-12-09T15:10:00.002-06:00

Any entertaining you provide must be directly related to the conduct of your business or associated with a directly-related discussion that preceded or followed the meal or entertainment. This means that giving a party to establish goodwill is not enough to make the transaction deductible.

2. The guest list determines the extent to which you can write off the party.

a. So if you are following the above No. 1, you have a 100% write off if: a) The party is open to the general public, or b) the party is for employees and their spouses;

b. You follow the 50% limitation rule that applies meals and entertainment and write off half the cost if: a) The party is for customers, prospective customers and/or b) Independent contractors associated with your firm (they cannot be classified as employees for this purpose).

3. The entertainment may not be “lavish or extravagant” (one of those subjective, gray areas).

Proving the above is another matter. You want documentation, such as the invitation announcing the business purpose, the guest list, attendees, and keep all receipts.

When providing the expenses to your accountant, separate the cost of the party that is 100% deductible to a different category from “Meals and Entertainment”. Track it under “Promotion” or “100% Entertainment” to ensure the full write-off at tax time. Otherwise, your accountant may apply the 50% rule to everything under “meals and entertainment” and you will have lost a valuable write-off.

UPDATED: Military/Federal Employees First Time Home Buying Credit

2010-12-09T10:54:00.001-06:00

***Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase.Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

2010-12-09T09:42:00.001-06:00

Tonight is SCHNEIDER's xmas party.....can't wait to hang out with a bunch of realtors....After more thought, maybe I will call in sick :)

2010-12-05T14:03:00.001-06:00

Playing on my new Apple MacBook Pro....sweet laptop!

Winter buyers are serious. Give them a treat and don’t over decorate during the holidays.

2010-11-29T23:22:00.000-06:00

Using some restraint in holiday decorating goes a long way to selling your home now.

Celebrating the holidays and selling your home can go hand-in-hand if you use a little restraint in the decorating department. Keep in mind that buyers who look at homes during the winter are serious; with interest rates low and a wide variety of housing to choose from you shouldn’t miss the opportunity to sell because of overwhelming decorations.

Beginning on the outside, curb appeal is even more important during the winter because of the lack of grass and trees. Making potential buyers feel welcome is a great start in the sales process. Hanging a beautiful, real wreath on the door is a good start. Use fresh greens rather artificial so visitors enter your home with the pleasing scent of pine.

If you are an outdoor lights aficionado, go ahead but keep it simple. The inflatable Santa that is your family tradition–keep it packed up for your next home, but do add lights around your door and along the walkway. Generally non-twinkling white lights are preferable because they do light the way for prospective buyers and reduce potential falls in the evening hours.

Decorating for the holiday season follows the same rules as other times…declutter, keep it simple, keep it impersonal and show off your home’s best points. Yes, you can have a Christmas tree this year and sell your home at the same time! When choosing that tree, pick a slender one rather than a bushy behemoth. And before you bring the tree in, take a few pieces of furniture out of the room. Offering a view of a cramped, cluttering room is not a holiday treat for buyers. They need to see the true strengths of your home and imagine themselves celebrating the holidays here next year.

As with the refreshing pine scent from your door wreath, tempting your buyer’s senses inside increases the chance of a sale. If you have an open house during the holidays, offer mulled cider and bake some Christmas cookies instead of using artificial, chemical imitations. Buyers know the real thing and will respond.

Inside decorations should be low-key and subtle. Unpack only a few prized, but impersonal things. Small table decorations, some holiday flowers, a few pine cones and some simple greens over the fireplace will do the trick.

Once the holiday cheer dies down, remove all your decorations directly after New Years. Buyers want to know you’ve taken care of their potential home and attending to such details shows you care about selling.

Despite having to show some restraint with your holiday decorating, just remember you can do what you want next year in your new home.

Fireplaces Draw Potential Buyers to Your Home

2010-11-22T09:56:00.000-06:00

With a few furniture changes and a good cleaning, your fireplace will welcome buyers and make them feel at home

As the temperatures drop and our attention turns inward, having a cheery fireplace as the focal point of a room is a soothing experience. And, if you are selling your home during the winter months, the fireplace adds value and interest if staged properly.

Before you begin using your fireplace, have a certified chimney sweep clean and inspect it. You want your winter to be safe. Small cracks in the firebox and chimney coatings can cause problems if sparks land there and smolder long after you thought the fire was out.

Cleaning makes a big difference too. Removing ashes from the firebox once a week during winter months is the rule, and more often if potential buyers are viewing your house. Like the rest of the home, cleanliness in your fireplace means attention to detail and good maintenance. Scoop the ashes out into a container and dispose of them in the trash. Never use a vacuum cleaner; latent coals may still be burning.

Don’t hide your fireplace behind furniture. Show it off with a welcoming seating arrangement that begs you to sit down and enjoy a cup of hot chocolate. Switch out the worn fireplace screen and invest in a new one. To keep your fireplace the center of attention, de-clutter the mantel and surrounding area. While you enjoy seeing a mantel full of family photos, this is a distraction for the winter buyer. Simplicity is the key here and you may also enjoy admiring your fireplace’s architectural details.

Enhance your fireplace with a few decorative touches. In this case odd numbers are in. Use one, three or five objects that are in proportion to your fireplace. For instance, a painting too small or too large will detract from your fireplace’s impact.

Whether your fireplace is sleek and ultra-modern or Tuscan brick, use it to welcome potential buyers who will say, “Ahhh, this is home!”

Non-business Energy Property Credit

2010-11-17T08:52:00.001-06:00

Use it before it is gone: A 30 percent credit of what a homeowner spends on eligible energy-saving improvements, up to a maximum tax credit of $1,500 for the combined 2009 and 2010 tax years. The cost of certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass all qualify, along with labor costs for installing these items. In addition, the cost of energy-efficient windows and skylights, energy-efficient doors, qualifying insulation and certain roofs also qualify for the credit, though the cost of installing these items does not count.

By spending as little as $5,000 before the end of the year, on eligible energy-saving improvements, you can save as much as $1,500 on their 2010 federal income tax return, if you did not use the credit in 2009.

Written by Joan Campbell, CPA

1st Time Home Buyer Tips

2010-11-16T09:34:00.001-06:00

Pending home sales are up for the second month in a row
First-time homebuyers can make the purchase rewarding with careful planning and financial honesty

A glimmer of positive movement surfaced in the real estate market this week–¬pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now.

For first-time homebuyers, the process can be intimidating, but breaking down the steps brings the experience into perspective. Here are some hints to make your home purchase as smooth as possible.

Determine a budget–Be honest about how much you can spend. Factor in expenses not directly included in the actual purchase price, such as closing costs, inspections, repairs and mortgage insurance. Also think about long-term expenses–in addition to the mortgage payments, utilities, insurance, small and large disasters and maintenance can eat up a large chunk of your monthly income.

Just because you’ve been pre-approved for a $200,000 loan at $2,000 a month doesn’t mean it’s a good idea to spend that much. By pushing your financial limits, you could be “house rich and cash poor” or even houseless should your income be severely diminished.

Find a reliable lender–This is important and will avoid unpleasant surprises down the line. For starters, discuss your potential mortgage with a loan officer at your bank and get some basic figures. Ask your real estate agent for referrals. Loan officers who have a good working relationship with real estate agents will be fair and get the loan closed on time. (By the way, there are no referral fees; that’s illegal and a good agent would never do that.)

Be competitive and fair–In a slow moving market, some homebuyers feel that sellers are so desperate to sell their home that they will take any lowball offer just to move on. That can be very insulting to a seller, who may not wish to deal with you. Of course you want the best price possible, but the process entails mutual respect, a reasonable starting bid, and fair market value.

Choose your agent carefully–Not only should professionalism and a great sales record be a choice for an agent, but personality plays a part too. Interview several agents and, all being equal at the end, decide which agent you would best work with on a personal level.

Plotting a methodical, sensible course to home buying with your dream house as the prize at the end will make the process less stressful and more rewarding.

A recent IRS phishing scam: Receiving e-mails with the subject line and content something like:

2010-11-10T08:48:00.001-06:00

Subject: LAST NOTICE: Your Federal Tax Payment ID: 010363221 has been rejected.
Content:
Your Federal Tax Payment ID: 010375163 has been rejected.
Return Reason Code R21 - The identification number used in the Company Identification Field is not valid. Please, check the information and refer to Code R21 to get details about your company payment in transaction contacts section: http://eftps.gov/R21 In other way forward information to your accountant adviser.

Please remember:

1. First, the IRS does not initiate communication through e-mail
2. Second, do not reply, do not open attachments, do not click on any links
3. Last, report suspicious e-mails to phishing@irs.gov

Written by Joan Campbell CPA

Selling your home during the fall season requires patience

2010-11-01T08:23:00.000-06:00

Sprucing up your home’s exterior and curb appeal will go a long way toward welcoming a buyer

Buyers and sellers should not be deterred just because fall and early winter are considered slower for real estate sales. People do buy homes now and astute buyers know this is the time to purchase very special deals. Fall home sellers can make a favorable impression by enhancing curb appeal and making appealing to the buyer’s senses. Fall selling tips include:

Keeping your lawn in shape. Summer may be recent history, but buyers want to see your lawn’s potential. Re-seed bare spots, rake fallen leaves and replace faded summer flowers with colorful fall plantings, such as mums and pansies that have been hybridized for fall and early winter blooms.

Exterior street appearance is vital. We are a bit past the brilliant autumn foliage so your home becomes more exposed and the exterior appearance is extremely important. Cleaning gutters and downspouts shows potential buyers that you are serious about home maintenance. Chipped exterior paint and discolored siding will be more apparent; a good power washing is in order with some paint touch up. Also, make sure outdoor lighting is bright and shiny–you may be showing your home in the dark and the potential buyer should feel safe.

Pictures say it all. If your home was originally put on the market in the spring or summer, take new fall shots for your real estate agent’s website. You don’t to seem dated or indifferent to a sale.

Bring the natural light in. Buyers want a sense of openness, cleanliness and space. Wash all your windows and open the drapes for maximum exposure to the outdoors. A gloomy inside just doesn’t make the buyer feel inspired. Add a few fall decorations too, but hold back on those fake plants and leaves.

Understand the buyer’s mindset. You may encounter homebuyers who will come in with an unacceptably low bid because they think fall sellers are eager to sell. Depending on what you need, deal with these potential buyers accordingly and work to find a mutually agreeable price if that is possible.

Flexibility is the key. Selling a home this time of the year means a certain amount of flexibility. Working with your buyers will help with a sale. Be prepared to show your home at any reasonable time and hold open houses. Also consider paying closing costs and pitching in with minor repairs.

While fall isn’t the easiest time of the year to sell, with some flexibility and negotiation, both the seller and buyer can experience a positive sale.

Pending home sales are up for the second month in a row

2010-10-18T07:14:00.000-06:00

First-time homebuyers can make the purchase rewarding with careful planning and financial honesty

A glimmer of positive movement surfaced in the real estate market this week–pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now.

For first-time homebuyers, the process can be intimidating, but breaking down the steps brings the experience into perspective. Here are some hints to make your home purchase as smooth as possible.

Determine a budget–Be honest about how much you can spend. Factor in expenses not directly included in the actual purchase price, such as closing costs, inspections, repairs and mortgage insurance. Also think about long-term expenses–in addition to the mortgage payments, utilities, insurance, small and large disasters and maintenance can eat up a large chunk of your monthly income.

Just because you’ve been pre-approved for a $200,000 loan at $2,000 a month doesn’t mean it’s a good idea to spend that much. By pushing your financial limits, you could be “house rich and cash poor” or even houseless should your income be severely diminished.

Find a reliable lender–This is important and will avoid unpleasant surprises down the line. For starters, discuss your potential mortgage with a loan officer at your bank and get some basic figures. Ask your real estate agent for referrals. Loan officers who have a good working relationship with real estate agents will be fair and get the loan closed on time. (By the way, there are no referral fees; that’s illegal and a good agent would never do that.)

Be competitive and fair–In a slow moving market, some homebuyers feel that sellers are so desperate to sell their home that they will take any lowball offer just to move on. That can be very insulting to a seller, who may not wish to deal with you. Of course you want the best price possible, but the process entails mutual respect, a reasonable starting bid, and fair market value.

Choose your agent carefully–Not only should professionalism and a great sales record be a choice for an agent, but personality plays a part too. Interview several agents and, all being equal at the end, decide which agent you would best work with on a personal level.

Plotting a methodical, sensible course to home buying with your dream house as the prize at the end will make the process less stressful and more rewarding.

Tax breaks are available to homeowners

2010-10-12T13:12:00.000-06:00

Buying a home comes with some tax perks if you’re willing to file the IRS long form

April 15 may seem like a long time away, but if you’ve just bought a home, you can make tax time less stressful now. Proper tax planning now may reap deduction benefits next year. Tax breaks are available for property owners, but only if you itemize your deductions instead of filing the short form.

Tax breaks for property owners include:

Mortgage interest–For most homeowners, the biggest portion of your house payment goes to interest. All of the interest is tax-deductible. In the beginning of your loan, a much smaller part begins repaying the debt.
Real estate taxes–Also known as property taxes, this is the annual tax that most state and local governments charge on the assessed value of your real property.
Points–These are lender fees associated with getting a mortgage. Each point equals 1% of the loan principal. Points can add up to thousands of dollars, with one to three points common on most home loans. You can deduct points in the year you paid them if the loan is to purchase or build you main residence.
Moving expenses–You could deduct moving expenses if you are self-employed or an employee, if your move is related to starting work at a new job location.

You also have a new address and to make life a lot simpler before tax time, you need to notify several agencies, including the Internal Revenue Service, the U.S. Postal Service and your employer. If you’ve had a name change too, notify the Social Security Administration so that your Social Security number will match when you file your tax returns.

The IRS requires that you file Form 8822. That form is downloadable at IRS.gov or by calling 800.829.3676. If you’ve had a name change, it’s necessary to filed Form SS-5, which is an application for a new Social Security card. That form is returned to your local Social Security office.

With a bit of advanced planning, tax deductions can make your home sweet home sweeter than ever!

Older Americans are willing to downsize homes and work longer to maintain lifestyle

2010-10-04T07:41:00.000-06:00

Boomers have also redefined what are necessities instead of luxuries.

One of the most influential groups in modern history–the Baby Boomers–changed the fabric of American life and are in the forefront again, in housing and what they define as basic needs.

More than 35 million Americans are age 65 or older and the home ownership rate is 80 percent, according to the Aging In Place Initiative. Older Americans are willing to downsize their homes to maintain a certain lifestyle.

Rather than moving to warmer climates, most want to stay in the communities where they live, work and raised their children. MainStay Investments found that 47 percent of older Americans surveyed would downsize their home and work longer to maintain what they consider basic needs.

Traditionally those would be food, clothing and housing. Now, those basic needs include a far more eclectic mix. Eighty-four percent of those surveyed reported having an Internet connection is a basic need, and 66 percent felt that shopping for birthdays and special occasions is a necessity.

Pet care is considered a necessity for 51 percent of respondents while 50 percent feel that taking a vacation once a year is a need, not a luxury. The list also includes weekend getaways, professional hair care, education and dining out.

Many of these needs do make sense; because families can be spread all over the country, the web helps keep them connected with each other’s lives. Pets have become another source of emotional support when families no longer have a local connection.

But the age of excess is over and older Americans, never very good at saving, must continue to re-evaluate what is important and make adjustments for a future in an uncertain economy.

Homeowners can save money and improve quality of life by using free conservation tips.

2010-09-27T10:45:00.001-06:00

Turning lights off and reducing water usage will make a big difference.

This summer was hot. And humid. And uncomfortable. Those temperatures are moderating, but the utility bills are flooding our mailboxes. Keeping cool in Missouri can be an expensive undertaking. We know that energy efficiency for our homes is the way to go now, not only from an expense standpoint, but also from an ecological view. EnergyStar® appliances, new windows, solar panels and more insulation are very important, but there are also things that you and your family can do every day that cost nothing and considerably reduce your utilities.

Turn the lights out. Your furniture is not afraid of the dark. If you or a family member won’t be in a room for more than five minutes, flip the switch. Ditto for the television, radio and video games. Where ever possible use compact florescent light bulbs. They use a fourth of the energy of an incandescent bulb and produce the same amount of light.

Window coverings are another energy saving method. Keep the drapes closed on the east side of the house in the morning, open in the afternoon, and drapes closed on the west side during the late afternoon.

With cooler temperatures coming, turn off the air conditioning, open the windows and enjoy real air. Ceiling fans will help circulate fresh air both during the day and nighttime. As frigid air moves in, keep your thermostat at 68 degrees during the day and around 55 at night. Programmable thermostats are great and help keep a constant temperature. If you go away for an extended period of time, set the thermostat at 55 degrees. You can save from five to 20 percent on your heating costs.

Water runs freely in this part of the country, but it really is a very precious resource. Just a few techniques can save hundreds of gallons of water each week and reduce your water bill. Approximately 75 percent of the water we use at home is in the bathroom. According to the  Environmental Protection Agency (EPA), the average bathroom faucet flows at two gallons per minute. If you turn the tap off when brushing your teeth in the morning and at bedtime you can save up to eight gallons of water per day, and that equals 240 gallons a month!

Americans love their long, hot showers and baths, but consider this: taking a five-minute shower uses 10-25 gallons of water while a bath can consume up to 70 gallons. Replacing current shower and sink fixtures with low flow aerators will also save a considerable amount of water.

Would you like to know how much water your family uses in a day? The U.S. Geological Survey has a great survey you can complete to find out your totals. This is a fun exercise to do with children to help them understand the ramifications of letting the faucet run.

If you would like to learn more tips on saving energy, saving money and being more environmentally friendly, The U.S. Department of Energy has a booklet you can download or order.

With just a few minor adjustments in habit, homeowners and families have the opportunity to keep energy expenses under control and help our quality of living.

Bathroom renovations top kitchens as the best home investment

2010-09-20T10:47:00.000-06:00

Start and end your day in a peaceful bathroom retreat.

Curb appeal, updated kitchens and bathrooms are always big draws for potential buyers. Kitchens were traditionally the most common remodel, but this year the bathroom has surged ahead, according to a survey conducted by the National Association of Home Builders.

Homeowners are also avoiding large remodeling projects, such as room additions, whole house remodeling, installing pools and lavish outdoor living spaces. Instead, they choose the smaller bathroom project that can add panache and a sense of individuality.

While small, a bathroom remodel can be expensive, as is any project involving plumbing and water. Bathrooms today are being designed as personal retreats from the frenetic pace of life. Soaking tubs are big, as is a separate shower, beautiful tile, radiant heating and heated towel racks.

Still, remodeling a bathroom is one of the smarter investments a homeowner can do to add value.

The first step is to conceptualize just what you want for your bathroom. Writing a wish list helps with organization, and with deciding how much the project may cost. Research bathroom ideas at retail stores and by visiting newly remodeled bathrooms. You’ll be surprised how a simple idea turns into a functional centerpiece. The Internet is another wonderful resource for ideas, color coordination, bath features and online planning guides.

Doing this preliminary work also sets the stage for the second step, finding a reliable, professional contractor. Communication is the absolute key when doing a renovation, and unless you and the contractor are speaking the same language and understand the ultimate goal, problems will pop up.

While some do-it-yourselfers may be able to take on a bathroom remodel, a contractor is usually the best bet. He or she knows how to get the required permits and build according to your local code. Nothing is more disheartening when an inspector comes, finds issues and the whole job needs to be taken out.

Two major concepts are important in your remodel–lighting and circulation. John Rhia at houselogic.com emphasizes how important natural lighting and heavy-duty ventilation are. Good lighting creates an open, airy feeling, which is especially important in a small bathroom. And, well-designed lighting systems remove shadows so you’ll know how you look in the morning.

Ventilation is a major issue. Without it, the bathroom not only smells, well, like a locker room, but also breeds humidity, mold and mildew. Not only are these culprits expensive to remediate, they also will destroy expensive cabinetry.

A bathroom upgrade will bring many rewards, not only by adding value to you home, but also by providing you with a peaceful retreat to start and end your day. For success, take it slowly, be specific about what you want, and let the experts handle the water and plumbing.

Amendment 3 to stop double taxation will appear on the November ballot

2010-09-14T10:48:00.000-06:00

Make sure to vote “yes” to prohibit real estate transfer taxes

There’s good news for Missouri homebuyers and sellers as Amendment 3, which if approved, would prohibit double taxation on real estate, will be placed on the November 2 ballot. The initiative had been stalled when the state of Missouri challenged the number of petition signatures to get the initiative on the ballot.

Amendment 3, supported by the Vote “YES” To Stop Double Taxation Committee and the 21,000-member Missouri Association of Realtors, would prohibit real estate transfer taxes on a sold property. The advocates see transfer taxes as double taxation because Missourians already pay property taxes on real estate, often over many decades of ownership. Missouri is one of just 13 states that do not impose the transfer tax, including all of Missouri’s neighboring states.

The Missouri Association of Realtors believes the transfer tax places undue stress on low-income Missourians who typically spend a larger percentage of income on their home.

Add the mix of Missourians who have lost their jobs, had pay cuts and have been forced to sell their homes or experienced a drop in property values, and the transfer tax just isn’t good for the recovering Missouri economy.

Here’s the simple and straightforward proposal: “Shall the Missouri Constitution be amended to prevent the state, counties and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate?”
Taxation on real estate transfers will be placed on the November ballot. This amendment would prohibit

The state's dismissal of its appeal to the Missouri Supreme Court followed positive talks between the Vote "YES" To Stop Double Taxation Committee and the offices of Secretary of State Robin Carnahan and Attorney General Chris Koster. Together, they agreed to ask Cole County Circuit Judge Paul Wilson to modify his ruling in the committee's favor. The judge agreed to the modification, addressing the state's issues while declaring there were more than enough valid signatures of registered voters to place Amendment 3 on the ballot.

The next step is encouraging massive voter turnout on November 2 to insure Missouri sellers and buyers are not assessed yet another financial burden.

Welcome home. The fun is just beginning when first-time home buyers move in and personalize their new space.

2010-09-01T13:35:00.002-06:00

Furnishing a new home can be expensive. Have enough funds to provide the basics and not experience short-term financial stress.

First-time home buyers who took advantage of the $8,000 tax credit program now have the experience of moving into home ownership with all accompanying responsibility and adventure. For many, this will be the first real place to call home; the urge to personalize the new “nest” is compelling.

Coming from apartments and their parents’ homes, new home owners may not realize the scope of furnishing a home with all the necessities to make the place livable, let alone lavish. According to the National Association of Home Builders, a typical homebuyer spends an average of $7,400 on their home, with more than half of that during the first year after purchase. The first order of business for new owners is to make sure at least that amount is available and won’t send the owner into a severe budget crunch. Here are some tips to make that house a real home.

Before moving, take stock of what you have and what has just become part of the scenery. Make a list of what has sentimental value and what is clutter. Moving clutter can cost a lot, either through professional moving companies or calling on friends to heave all those boxes.

After you’ve packed up your stuff, outfit and pack a basic toolbox. Many of projects you’ll do to personalize your space require tools. The basic minimum includes a hammer, screw drivers, pliers, wrenches, a tape measure and a staple gun. Hanging those new curtains loses a lot of appeal if you have to run to the hardware store in the middle to get tools. Be prepared first.

Personalizing and furnishing your new home is one of the most exciting activities for new home buyers. Before running out to purchase that super extra king size bed or several pieces of oversized living room furniture, take accurate measurements of all the rooms and use them to judge what fits and what doesn’t. After all, too much furniture in a room makes it feel small and claustrophobic. Be a fair judge of what would compliment the furniture you already have.

You’ll also need basic appliances to get started. A stove, refrigerator, washer and dryer should be energy efficient to reduce your utility bills. Spending a bit more right now makes more sense than purchasing a cheaper model that may become a problem and financial drain later on. If you are angling for an entertainment system and a huge flat screen television, check your budget first to make sure you can buy basic furnishings before such large ticket items.

Window coverings and linens are another way to express your personality, plus add security and privacy. Budget accordingly, since some new home owners don’t plan for the cost of outfitting a house with new drapes and curtains.

Garden tools will be a necessity to keep your curb appeal top notch. The basics include a lawn mower, garden hose, sprinkler, clippers, a shovel and rakes. For people moving from an apartment, this category of necessities will be a new experience.

Purchasing and personalizing your first home is a real thrill. Be creative but approach this one room at a time. As you begin feeling at home, you’ll be able to capitalize on your home’s features and blend that with your own uniqueness.

Cleaning For A Reason helps women in treatment for cancer have sparkling clean homes

2010-08-23T08:00:00.000-06:00

Through local cleaning and maid service partners, the Foundation relieves cleaning chores so women can focus on getting well.

Housework can be drudgery in the best of times, but for women being treated for cancer, the task can be insurmountable. Fortunately help is out there. The Cleaning For a Reason Foundation is dedicated to easing the housekeeping chores as women undergo treatment. Working with local cleaning and maid companies, the Foundation provides cleaning services once a month for four months.

Participating cleaning companies in the St. Louis area include Marvelous Maids, O’Fallon; Dee’s Cleaning Service, St. Charles; Green Angel Cleaning Service, St. Louis; Home Cleaning Centers of America, St. Louis-Midtown-South; and Go Green Clean in Webster Groves.

Founded in 2006 by Debbie Sardone, a 29-year veteran of the cleaning industry, the organization has provided more than $500,000 in free cleaning services. What a wonderful mission this group and affiliated cleaning services have taken on. By offering to help women in treatment, we see direct, immediate assistance to make their lives easier and more normal during a very difficult time.

If you know of a woman who would qualify, go to the Cleaning For A Reason website to help her begin the application process. While the Foundation does have sponsors, including Hoover and Allstate, donations are still needed to expand cleaning services. You may go here to help even more women being treated for cancer to have clean homes!

With a plan and a dose of flexibility you can find the right house for now and the future

2010-08-16T09:25:00.000-06:00

Even if it doesn’t have everything you want now, good financial planning will help

Is now the right time to buy your first or next home? With interest rates low, prices at a fair level and many choices out there, the temptation is to jump into the real estate market. The question is how to decide what you can afford, what features are a must, and what would be great but not a necessity.

Affordability
Even before you make a list of what you want and where you want it, the first consideration is: can you afford it? That’s non-negotiable. Consider long-term expenses, not just the up-front incentives that can dazzle a buyer. Over extending a budget for a few glitzy perks is a disaster in the making. The standard in financial planning is to spend no more than 35% of your pretax income on the mortgage, insurance and home insurance. You’ll also want to pay at least 20 percent down on the property and get a fixed-rate loan so you know exactly what your monthly payments will be.

The list
Here’s where you will detail, on paper, the type of home you want and the location. Be realistic about the positive and negative features and consider the long-term consequences of each feature. Think ahead. Don’t just buy a home for now, but consider the future. Resale value is an important factor, style can be an issue, plus room for children (and schools) and physical needs for aging parents who may move in.

Flexibility
Consider your purchase as a long-term investment, not a short-term gain. Now you have time to choose what you absolutely cannot do without, and what features are flexible. Most buyers won’t find everything they want at a price they can pay. So, if a swimming pool is on your list but the property you like doesn’t have one, putting a pool in is a goal for the future. Ditto for cosmetic things like countertops, bathroom spas and landscaping. While you may not have these up front by choosing a home with a mortgage you can manage, you’ll have the financial flexibility in the future.

With an organized home buying plan, you can minimize a great deal of the emotional impact. By determining your buying power, your wants and needs, and having an organized search plan, your chances of a stress-free experience are much better.

Inexpensive staging tips can increase a buyer’s interest and help sell a home quickly

2010-08-09T09:18:00.000-06:00

Decluttering and a good cleaning are givens when selling a home, but the owner can increase the probability of a sale by using staging techniques. Staging helps a seller think like a buyer. Embracing this perspective early on will help prepare the home for the market. Small staging changes can make the biggest difference in the sales price and time on the market.

Make a Difference and Set Your Home Apart from the Crowd
To sell a home in this market, homeowners must compete in two areas–visual appeal and pricing, which is 80% of selling a property. While the price is the first lure, how well the home looks is the clincher.

Here’s where home staging plays a pivotal role. The technique highlights the home’s positive features and downplays the problem areas. Sellers have the opportunity showcase a home that welcomes a potential buyer into a space they can see as their own.

Set the Stage
While a seller can hire a professional stager, a lot of small-scale changes can help the process along. Here are some home staging tips that any seller can do personally.

Paint–Neutral colors that leave the buyer room for imagination are standard, but that doesn’t mean boring works. Earth-toned palettes, such as grey, sage, soft yellow, spa blue and beige warm a home and give the potential buyer a sense of well-being.

Give rooms a purpose–Even if the seller is comfortable with the computer in the dining room, the buyer needs to see a dining room table, not a nest of cables. Each room should be staged to reflect a specific purpose. Even a space that seemly don’t have a purpose can be set up as a cozy reading area with a chair, lamp and side table.

Furniture arrangement–The point is to open up visual space and create conversation areas that feel light and airy. A good rule of thumb is to remove two pieces of furniture, especially if they are oversized, and move the remaining furniture away from the walls.

Bedroom oasis–The bedroom should be an inviting focal point with upscale bedding in simple patterns. Include throws, pillow shams and a comforter folded at the end of the bed. A small sitting area with a cozy chair and reading lamp will also welcome a buyer.

Expert help
Real estate agents who value staging as the ramp to the sale will make all the difference. Choose an agent who can see the home as a buyer would, and who will offer the best advice for a seller to be competitive in today’s market.

HOPE real estate tax incentive still alive for potential buyers

2010-08-02T09:13:00.000-06:00

The Missouri state program offers up to $1,750 in combined tax, energy efficient improvements for new homeowners.

The Missouri Housing Development Commission is still offering up to a $1,250 credit in real estate tax benefits for qualified buyers through the Home Ownership Purchase Enhancement (HOPE) program. Earlier this year the commission set aside $15 million to encourage home ownership, but it seems potential buyers have been slow on the uptake. Only $1.2 million has been issued, and that with the deadline drawing near.

To qualify, the home must be purchased between January 1, 2010, and August 31, 2010. The HOPE application must be received by the MHDC no later than September 30 of this year. There is also an income limit–up to $95,060 in the St. Louis metro region. First-time and repeat buyers are eligible for the program.

Homebuyers who are approved for the real estate property tax HOPE incentive may also be eligible to receive an additional amount if they bought a qualified newly constructed energy efficient home or bought an existing home and remodeled or purchased items, such as Energy Star® appliances, to make the home more energy efficient. The maximum combined total of the HOPE property tax incentive and the HOPE energy efficiency incentive is $1,750.

For more details, contact us and we can help buyers take advantage of this one-time offer from the state of Missouri.

St. Charles County Calendar of Events

2010-07-26T08:18:00.000-06:00

Sunday, August 8
Peach Festival
Pere Marquette State Park
11 a.m.-3 p.m.
It’s time for peaches. This annual festival features crafts, food, children’s games, a balloon artist, face painting, a pie eating contest, the largest peach contest, peach drinks and lots of peaches. Take the ferries back to St. Charles County and look for even more peaches.
Free

Tuesday, August 10
Statehood Day Celebration and Concert
First Missouri State Capitol Historic Site
200 S. Main
10 a.m.-4 p.m.
7 p.m. Concert
Missouri became the 24th state on August 10, 1821. Statehood Day celebrates the anniversary with special demonstrations, interpreters in period dress and an open house. The After Hours Community Band will give a concert at 7 p.m. in the backyard of the Capitol. Bring lawn chairs, blankets and a picnic basket supper. For more info, call 636-940-3322.

Wednesday, August 11
Perseid Meteor Shower
Broemmelsiek Park, Astronomy area
St. Charles County Parks Department
8:30 p.m.
For more than 2,000 years, the Perseid Meteor Showers have been viewed. See this yearly phenomenon and bring blankets and chairs for comfortable views of the active night sky. Telescopes will be offered to view Venus, Jupiter and Saturn. For more info, call the park at 636-949-7535 or visit stccparks.org.
Free

Friday, August 18-Sunday, August 20
Festival of the Little Hills
Frontier Park and Main St.
Friday, 4-10 p.m.; Saturday, 9:30 a.m.-10 p.m.; Sunday, 9:30 a.m.-5 p.m.
The largest festival of the season features more than 300 crafters and artists from 30 states, demonstrations, live music, street performers and magicians. The kid’s corner offers face painting, arts and crafts. Shuttle service is available. For more info, check the Festival website.

Friday, August 27
Fridays @ Frontier
Frontier Park
5-11 p.m.
Happy hour from 5- 7p.m. and That 80s Band will entertain concert goers at 7 p.m. Sponsored by the St. Charles Jaycees, the evening is Rally For America Night and all proceeds will be donated to the USO.

Friday, August 28-Sunday, August 30
Wabash Days Festival
Allen and Main St.
Wentzville
Friday, 5-11 p.m.; Saturday, noon-11 p.m.; Sunday, noon-7 p.m.
The city has been a railroad town for more than 150 years, and the Wabash Festival celebrates that heritage. New this year is a parade at noon on Saturday and the Wentzville Historical Society will again display a railroad caboose. The three-day celebration also features carnival rides, craft booths, live music and food. A 5k/1 mile fun run, Pound the Pavements for the Parks, is set for Saturday in downtown Wentzville. For more info, go to the City of Wentzville website.

O’Fallon, St. Peters are recognized in Money Magazine’s Best Places to Live among small U.S. cities.

2010-07-19T21:12:00.001-06:00

Both cities are praised for affordable housing, and as great places to raise families.

Our hearty congratulations go out to O’Fallon and St. Peters for being recognized in Money Magazine’s Best Places to Live 2010! Communities in St. Charles County routinely appear on many “Best of…” lists and this time O’Fallon checked in at 26 and St. Peters took the 60th spot.

O’Fallon was noted as home to several corporate offices, including MasterCard, which helped keep the unemployment rate under the national average. Also highlighted is O’Fallon’s 400 acres of parkland, affordable homes at a median sale price of $172,250, low crime, plenty of restaurants and nearby cultural attractions.

Celebrating its centennial year, St. Peters was ranked in the top 100 as a small city “…older and more established than some of its neighbors. That gives the place character and makes many houses more affordable.” St. Peters Mayor Len Pagano is especially pleased with the designation during the Centennial because “we’ve talked about how we owe a lot to our history and the great planning that took place through the years.”

The survey, in the August 2010 issue, considered small cities within the 50,000-300,000 population range. Locally, St. Charles, St. Louis and Florissant were noted in the unranked contenders. Eden Prairie, MN, topped the list. The survey focused on small cities that offered jobs, good schools, safe streets, low crime and lots of activities that benefit raising a family.

Keeping a financial even keel is essential to purchase a home these days

2010-07-19T08:16:00.000-06:00

Pay off your credit cards on time and in full, skip the new car or the new furniture. Banks and mortgage companies want to see financial stability with no big changes.

Anxious to close on the house? Sometimes the waiting period between finding your perfect place and driving up to your new home with keys in hand can be nerve wracking. You’ll want to be seen in the best light possible, so don’t get ahead of yourself.

Most likely you’ll need a mortgage and you want to be financially stable. When you begin your search, get copies of your credit report to make sure it is clean. If you find any errors, fix them.

Making large purchases in anticipation of buying a house, like new furniture, is not a good idea. That can affect your credit rating. The same goes for taking out another loan, buying a car or funding an education. Keep your credit situation as-is for right now.

Any changes to your credit status can make a difference for mortgage approval. Pay all your credit cards before the due date to make sure they are processed on time and don’t increase your credit balance. A mortgage pre-approval doesn’t make it a done deal.

Wait on any large purchases. For instance, no new car, or a new loan, or even new furniture for your home. Keep your credit situation as-is for now. Also, don’t co-sign a loan because that will add credit liability and could very well eliminate your chances of obtaining a mortgage.

Moving large sums of money is not a good idea. Don’t jump the gun and take money from savings to checking in anticipation of closing. Last minute credit and bank checks will generate inquiries about the shift and could slow down the process.

And if you leave the money in the savings account you won’t be tempted to spend it. Funds designated for closing should be left alone in the event of unexpected house-related costs. After all is said and done, you may have a bit left over but spending that won’t affect your closing.

Keep copies of all your paperwork in one place and have it ready in case someone in the process loses a crucial document. By keeping copies, you’ll be able to provide information quickly, getting you that much closer to your new home.

The time leading up to buying a house is all about financial restraint. Right now banks and mortgage companies are taking very close looks at their clients and you want to show you are a good candidate. After the closing, celebrate!

Ceiling fans make life more comfortable year round

2010-07-12T08:12:00.000-06:00

Cooling in the summer, warming in the winter, ceiling fans sweep away energy costs

The July sizzle is in the air, a blanket of humidity has descended over the metro area and air conditioners are working overtime. One inexpensive solution to help the AC is adding ceiling fans to your home. If you choose an Energy Star fan, you’ll not only increase your comfort level but also decrease your utility bill, sometimes as much as 15 percent. Fan design has improved so much over the years that there’s a fan for any décor, from the traditional Tiffany glass and dark wood models to ultra modern one-blade fans. Prices are also reasonable in relationship to the ultimate cost savings and comfort.

Don’t think of ceiling fans as just a summertime thing–in the winter fans with reversible blades circulate the hotter air that rises to the ceiling, helping to lower your heating bills too.

Before you rush out to buy a fan, do some homework first and determine the square footage. Measure the length and width of your room and multiple the numbers. That’s the square footage. Keep in mind the style of the room, and decide if you want a light kit and remote controls.

According to the American Lighting Association, choosing a fan that fits your room size gives you the maximum efficiency. In a room up to 75 square feet, like a bathroom, a 29-36 inch fan is appropriate. Medium sized rooms up to 144 square feet can handle ceiling fans from 36-42 inches. For larger bedrooms and family rooms in the 225 square foot range, the most efficient fans are 50-54 inches. The number of blades makes some difference in airflow, but whether to choose a four, five or six-blade fan is really a matter of personal design choice.

Ceiling fans do such an efficient job of circulating air when used correctly. Paul Vrabel of ICF International, an energy solutions firm, explains how to operate fans properly. “Put them on when you are in the room–during the day and when sleeping–and turn them off when you leave. Ceiling fans cool people, not the air. Using fans wisely and turning down the AC can save a lot of money.”

Senior homebuyers want simplification, good design, and smaller homes

2010-07-05T08:14:00.000-06:00

Americans age 55+ are looking for homes close to family, work, and with a sense of style.

What does the 55+ crowd want in a home? Smaller, more energy-efficient homes in active, vital communities near work and family are the top requirements. Those are the findings from a study by MetLife and the National Association of Home Builders (NAHB) called “Housing for the 55+ Market: Trends and Insights on Boomers and Beyond.”

The study reveals that Boomers are looking for smaller, less expensive homes. This group isn’t ready to retire anytime soon, and with the Great Recession complicating things, they are staying in their jobs as long as possible to recoup financial losses.

The lure of “age-restricted” communities is there too, but only those that fit into the active lifestyle. These people aren’t ready for the rocking chair. The study notes that “those who moved from their existing homes did so primarily for reasons relating to their families, but the design and quality of the home, as well as the design and layout were the factors most often considered.”

Dave Crowe, NAHB’s chief economist agrees. “ A strong and growing number of retirees and empty-nesters are interested in either downsizing or moving to a more user-friendly home, especially if it’s near their existing community.”

Homebuilders are beginning to recognize what boomers want and incorporate that lifestyle in home design. In addition to a smaller home, a one level floor plan is preferable with open space and tall ceilings. Wider hallways are a plus, as is minimizing unnecessary staircases. Over 55ers want small luxuries, like double sinks and a soaking Jacuzzi-style tub, plus some space for hobbies.

Boomers, 38.9 million over the age of 65, are well-traveled, sophisticated consumers who have a good sense of what they want. And for housing, they want simplification that will enhance their lifestyles.

Written by Myra Vandersall

July 2010 Calendar of Events

2010-06-28T08:13:00.000-06:00

Saturday, July 3 – Sunday, July 4

Fourth of July celebration
Frontier Park This Independence Day celebration includes fireworks at 9:20 p.m. both nights, food and beverage booths, beer garden, crafts, games, carnival rides, live music on the Jaycee Stage and the Music Tent, parade.
Free For more information call 1-800-366-2427

 Saturday, July 3-Sunday, July 4
Fair St. Louis
Gateway Arch grounds on the Riverfront
10 a.m.-10 p.m. both days
To celebrate the 30th anniversary of the fair, the air shows return, plus spectacular fireworks displays both days, and free music performances. Saturday night John Legend entertains and on Sunday night the B-52s close the fair. For a full schedule, check out the Fair website.

Sunday, July 4
Fourth of July celebration
Progress Park, Wentzville
The theme for the Wentzville Fourth of July celebration is “The American Dream.” The parade begins at 3 p.m. on Pearce Blvd to Wentzville Holt High School. The celebration includes live music, games, food and fireworks at 9:05 p.m. For more information, call the Wentzville Parks and Recreation Department at 636-332-9236 or visit the website.

Friday, July 9 and 23
Friday Night Flicks
7:30 p.m.
4th and Clark
Friday Night flicks in Frenchtown continue with the movie Shorts playing on the 9th and Evan Almighty on the 23rd. Bring a lawn chair for comfort. The movies being at dusk. Sponsored by the Historic Frenchtown Association.
FREE

Sunday, July 18, 2010 Tour of the Little Hills
Registration: 7:30 am - 9 am Foundry Art Centre, 520 N. Main Become a modern day explorer and climb the “little hills” of St. Charles. This urban bicycle ride has routes of various distances along flat to rolling terrain that is moderately hilly with a few big hills and is recommended for experienced cyclists. After the ride explore the fine arts gallery that hosts juried exhibitions and features 20 working artists’ studios. Fees: $8 Trailnet Member, $12 Non-member, $3 Children under 13
 For more information call 314-416-9930 x114

Tuesday, July 20
Organic Foods: Scrumptious or Scam?
Middendorf-Kredell Library Branch
6:30-8:30 p.m.
Are organic foods really worth the extra money? A registered dietician will discuss which foods to buy organic and how you can save money. Participants will taste test organic and conventional produce.
FREE

Tuesday, July 27-Saturday, July 30
St. Charles County Fair
Rotary Park, Foristell
The St. Charles County Fair is everything an old-fashioned fair should be–4-H exhibits and livestock competition, a queen and her court, baby contest, carnival rides, a rooster crowing contest, pony rides, tractor pull, midway food, and much, much more. This is a chance for kids to experience a nostalgic tradition with an updated twist. For schedules, admission fees and other information, go to the fair’s website or call 636-970-3000.

Written by Myra Vandersall

Lower interest rates now eclipse savings on the $8,000 tax credit program

2010-06-21T08:09:00.000-06:00

Because interest rates have gone down since April 30, homebuyers can still be ahead of the game in the long run

In looking back over the past year, did you really miss the opportunity of a lifetime by not buying a home and taking advantage of that $8,000 first-time homebuyer tax credit? The program did increase home sales and nudged people off the fence if they were considering a home purchase, but some potential buyers just weren’t ready to take the plunge.

But, with interest rates lower now and no sign from the Feds that rates will rise dramatically any time soon, the opportunity for a good buy is definitely there. In fact, this might be the best time to buy.

Here’s an exciting scenario for those of you who didn’t buy: interest rates have gone down so much since April 30, the end date for the tax credit program, that the buyer of a $350,000 home, financed with a $280,000 mortgage, would have seen quite a savings by waiting until May. With April’s average rate of 5.34 percent, a homebuyer would have locked in a 30-year fixed rate loan with a monthly payment of $1,561.82.

If that buyer waited for May to roll around, with a 30-year fixed rate loan at 4.625 percent, monthly payments would be $1,439.50. Computed on an annual basis, that’s a savings of $1,467. Over the 30 years of the loan, that’s $44,003 in savings. That’s an incredibly huge incentive to jump into the housing market and really diminishes the tax credit in the long run.

But for those of you who did take advantage of the tax credit and have found it difficult to close before the June 30 deadline, there may be help. Senators Johnny Isakson (R-GA) and Harry Reid (D-NV) have offered an amendment to a house bill that would extend the closing deadline to September 30, 2010. The proposed amendment only extends the deadline to close, not to purchase. If passed, this would help a lot of buyers to still receive the tax credit and buy a home.

Investors

2010-06-21T03:24:00.000-06:00

What can purchasing real estate as an investment do for you? Some investors buy properties to fix up and sell immediately, while others have a long-term view and hold the property for many years, using it as additional income.

Regardless of your approach, or if you are just beginning to think about
owning investment property, call us now to discuss all these options. We’ve
helped many other investors succeed, and we personally own investment
property, so we can help! If you have friends and family who are interested,
that’s fine too!

Native plants show a respect for our environment and reduce the homeowner’s labor

2010-06-14T00:23:00.002-06:00

Missouri is blessed with a burst of colorful native plants that will increase your curb appeal and show off your eco-friendly property.

Missouri is a wonderfully diverse state, with flat plains to the north and the craggy Ozarks to the south. With different terrains come a cornucopia of native plants that will do quite well in your landscaping plans and require little maintenance once established.

The first look a potential buyer has of your house is the drive-by, or curb appeal. If the buyer doesn’t like the outside, most likely the interest goes down, almost regardless of how wonderful the inside is. Enhance your property and show off the beautiful Missouri native plants, whether you are selling now or planning on staying for a while.

From a small balcony garden to acres and acres of land, planting native has distinct advantages:
Once established, native plants need minimal watering, reducing your water bill and the time it takes to spray the plantings.

Because the plants are acclimated to grow in Missouri soil, they establish quickly and don’t need pampering.

Native plants have already dealt and adapted to the problems of pests and weeds. This reduces the need for commercial fertilizers and pesticides, thereby saving you money and reducing your chemical footprint.

Birds and butterflies thrive on native plants, giving you a garden paradise and hours of entertainment watching those in flight coming and going.

Missouri native plants adapt well to sun or shade. For your sunny garden, the Missouri black-eyed Susan is a sure hit. Found in the Ozarks, this tenacious flower can handle rocky areas with well-drained soil. Another winner is the Missouri primrose, or the glade lily, which also does well in rocky areas. The lemon-yellow flowers open in the afternoon for nighttime pollination. The prairie blazing star is another sun worshipper and blooms into October to keep your garden colorful. Butterflies love these purple plums.

On the shady side, there are plenty of choices, all attracting butterflies and hummingbirds. The crested iris is an impressive ground cover in partial shade and just right for landscape borders. The columbine, with its red tubular flowers, is a popular nectar source for hummingbirds and flowers from April through July in average to moist soil. Very common but still spectacular and tough is the purple coneflower. Well into October, the purple blossoms will provide flowers for cutting bouquets.

Including native plants in your yardscape is a gradual process, one the demands planning and patience, but you’ll be rewarded with a low maintenance, natural garden. To learn more about planting native, visit grownative.org and for a downloadable guide, visit the Missouri Department of Conservation website.

Written by Myra Vandersall

Existing Home Sales Are Up 15% in St. Charles County and the Median Home Price Is Up Too

2010-06-07T00:22:00.001-06:00

Affordable, reasonably priced homes are waiting for new buyers 

The St. Charles region is in real estate bounce back mode with sales of existing homes up 15 percent during the first quarter of this year as compared to the same time last year. The median home price rose to $169,000, a $2,000 increase, beating the national media price of $166,100. This increase mirrors the price increases in nearly 60 percent of U.S. cities during the first quarter with double-digit increases in 29 cities.

Joe Sahrmann, president of the St. Charles County Association of Realtors, sees the market rebounding from the challenging times of the last few years. “We haven’t seen homes this affordable in years.” he says, “The selection is wide and varied for different income levels. Mortgage rates are staying low for now, and St. Charles is nationally recognized as a great place to live.”

And, even though the homebuyer tax credits have expired, it’s still a great time to buy a home, he says. 26 percent more homes are under contract during the first quarter of this year than compared to the same period in 2009.

Some of the increase was fueled by the government’s income tax credits for first-time and returning homebuyers. About 2.2 million households participated in the tax credit program, which cost the government $16 billion, according to the Internal Revenue Service. And, sales in March surged following a three-month decline attributed in part to harsh winter weather.

What does the near future hold for real estate? The industry is an integral part of the American economy, intertwined with employment and finance. If those factors stabilize and increase, the National Association of Realtors predicts prices will increase modestly in the second half of this year.

Slow but steady wins the race, and that axiom is certainly true for the real estate market these days. As buyers become more confident in their spending patterns and realize the market value, we’ll climb back to a robust St. Charles County.

Written by Myra Vandersall

June St. Charles Calendar of Events

2010-05-31T00:25:00.001-06:00

Thursday, June 10
Debunk the Myths of Aging
Kathryn Linnemann Branch Library
10-11:30 a.m.
Enjoy a lively discussion about the myths of aging, how they shape society and our own attitudes. Exchange ideas on problems created by these myths and strategies to overcome them. Presented by Barnes-Jewish St. Peters.
FREE

Saturday, June 12
Passport to St. Charles County Parks Walk
Bangert Island Park Trailhead
9 a.m.
County Parks staff will guide participants through the Louis H. Bangert Memorial Wildlife Area to learn about riverside ecosystems and birding opportunities. Wear comfortable shoes and bring insect repellent.
FREE

Tuesday, June 15
Medication Matters
Middendorf-Kredell Library Branch
10-11:30 a.m.
Learn about medication management, how to read labels, drug interactions, and foods to avoid or include when taking medication to get the most benefit possible. Presented by Progress West. Call 636-344-2273 to register.
FREE

Saturday, June 19-Sunday, June 20
The Great Rivers Towboat Festival
Grafton, Illinois
10 a.m.-5 p.m. on Saturday and noon-5 p.m. on Sunday
Catch a rare glimpse inside the giant towboats that travel our great rivers and can transport a barge cargo of 1,500 tons with 10,000 horsepower. Enjoy classic folk, bluegrass and Americana music, children’s activities and model boat exhibits by the St. Louis Admirals Club. Chef Ralph Smith will demonstrate how to properly eat crawfish and shrimp, plus barbeque. More than 70 vendors selling wares from antiques to old-fashioned junk. For more information, check out the Towboat Festival website or call 618-786-3494.

Thursday, June 17-Saturday, June 19
Friday, June 25 and Saturday, June 26 at 6:30pm
Sunday, June 27 at 2 p.m.
A Midsummer’s Night Dream presented by the Riverside Shakespeare Company
South end of Frontier Park
Enjoy one of William Shakespeare’s most beloved comedies performed by the Riverside Shakespeare Company and supported by the St. Charles Arts and Culture Commission. Bring a picnic basket or try local food and craft vendors. The Monkey Tales Theatre will present Past Imagination at 6:30 p.m. with the Midsummer Night curtain at 7 p.m. For more information, go to the Riverside Shakespeare website.
FREE

Sunday, June 20
Father’s Day KATY Family Bike Ride
KATY Trail from St. Charles to Defiance
11 a.m.-3 p.m.
Communities along the KATY Trail celebrate the 20th anniversary with a Father’s Day ride to benefit prostate cancer research at the Siteman Cancer Center. Food, festivities and a dedication of the newly completed Defiance bicycle loop.
$10 per rider donation, $15 day of ride, children under 12 are free. Register online for the ride, and for many more KATY Trail events, check out the visit the trail website.

Saturday, June 26
The Great American Backyard Campout
First Missouri State Capitol
In conjunction with the National Wildlife Federation’s Great American Backyard Campout, the First Missouri State Capitol hosts the campout here. Families may bring tents and activities include a hot dog roast, s’mores, crafts, camp cooking demos, a bonfire and a fireside breakfast. To register and for more information, call 636-940-3322.
$25 per family

Saturday, June 26
Archeology Day
Center for American Archeology, Route 100
Kampsville, IL
10 a.m.-4p.m.
Tour a 2,000-year-old excavation site, learn how to identify artifacts and see a flintknapping demonstration. There’s a kid’s activity area, and special exhibits at the Visitors’ Center and Museum. For more information, call 618-653-4316 or visit the Archeology Day website.
FREE

Written by Myra Vandersall

First-time homebuyer credit is extended for military personnel and some federal employees

2010-05-21T00:27:00.001-06:00

The $8,000 first-time homebuyer tax credit program has been extended to allow military personnel to take advantage of this home ownership opportunity. The new deadline for qualified service members is April 30, 2011, with the property closed no later than June 30, 2011. The extension also includes the $6,500 tax credit for repeat buyers.

Qualified service members include members of the U.S. military uniformed services, the U.S. Foreign Service and employees of the intelligence community on official extended duty. The top income limits of $125,000 for single tax payers and $225,000 for married taxpayers remains the same, but other requirements have changed to accommodate military personnel. Military buyers will not have to repay the tax credit if geographically reassigned before the three-year residency requirement.

To qualify for the military tax credit:

An individual must have serviced on extended duty inside or outside the United States for 90 days or more and at least 50 miles from the principle residence and after December 31, 2008 through May 1, 2010.
Only one spouse must be on official extended duty to be eligible for the 2011 extension, purchase a residence and claim the tax credit.

More than 350,000 military personnel and federal employees may be affected by this extension and will be able to own a home, plus receive the income tax credit. “Congress recognized that many service members may have missed out on the home buyer tax credit due to being posted overseas,” says Bob Jones, National Association of Home Builders chairman. “It’s only fitting that our service members be given another year to take advantage of this opportunity.”

For detailed information on the military first-time homebuyer tax credit extension, go the Internal Revenue’s website.

Written by Myra Vandersall

Lightning and thunderstorms can put you, your family and property at risk

2010-05-17T14:39:00.001-06:00

Learn how to use common sense tips to avoid tragedy

With the advent of summer, thunderstorms and lightning are sure to follow. Unstable weather in the St. Louis area has almost become commonplace this year and during the latest round of thunderstorms, lightning was suspected to start a hotel fire in O’Fallon, Illinois.

May is designated National Electrical Safety month by the National Fire Protection Association (NFPA) and gives us the opportunity to offer suggestions to keep you, your family and home safer this season. When a storm approaches… 

Unplug all appliances and electrical devices, including computers, and turn off the air conditioning. The fewer electrical connections active can mean less damage should your home be struck. And, you can avert harming your computer system.
Don’t talk on a corded phone while a storm is in process. That small electrical current running through the phone line puts you in contact with a potential strike zone.
During a storm is not the time to wash dishes, decided to take a shower or do laundry. Water is an excellent electrical conductor and again puts you and your family at risk.
Stay away from windows and doors to avoid potential flying glass.

The NFPA estimates that lightning fires in the United States caused more than $213 million in direct property damage during the past seven years, more than half of that in residential homes. Since a single lightning bolt can register 50,000 degrees Fahrenheit, the likelihood of fire is high.

Don’t underestimate the power of lightning–the National Weather Service School For Weather notes that lightning kills more people each year in the United States than tornadoes or hurricanes. Only floods claim more lives. To learn more about how to keep you and your family safe from lightning, check out these tips and enjoy a more carefree summer.

Written by Myra Vandersall

Grant Hickman to discuss buying and selling a home in today's market at the Mortgage Solutions real estate workshop.

2010-05-13T10:21:00.002-06:00

Join top SCHNEIDER REAL ESTATE agent Grant Hickman at the Mortgage Solutions LLC educational workshop on home buying and selling in today’s market. The free program is set for Thursday, May 20, from 6-8 p.m. at the Foundry Art Centre.

“The more information buyers and sellers have about today’s changing real estate market, the more informed choices consumers can make,” says Hickman. “There’s so much potential out there for buying and selling. My goal is to educate so that there are no surprises in the process.”

Other topics include:

The pre-approval process: what you should know about home loans
The current real estate market: education and how to navigate the market
Real estate: what improvements add value and how values are determined
Home inspections: why they are more than just an option.

This is a very important event for anyone who is considering entering the housing market.
To make a reservation, email hlittrell@vcu.com by Friday, May 14. Refreshments will be served. The Foundry Art Centre is located at 100 Clark St.

Home maintenance from top to bottom is a spring ritual

2010-05-10T14:36:00.001-06:00

By sticking with a seasonal maintenance routine, you’ll catch those little problems before they become big headaches.

The weather is delightful in the St. Charles area now and the urge to get outside before the sweltering July heat and humidity come is undeniable. This is also the season for your spring home maintenance checks to insure a trouble-free summer.

While you’re outside enjoying the weather, take a look at your roof, the soffits and guttering. We don’t recommend climbing on your roof–one slip of the foot could result in much more than you bargained for–but get some binoculars for a safe view. While you’re at it, check the attic and rafters for water damage. Staining will show you exactly where the leaks may be located.

Go the professional route to repair any loose shingles or major roof problems. And while your roofing specialist is there, ask them to clean the gutters and check downspouts.

We’ve had a lot of rain this spring; that moisture will show in the attic and in the basement if you have problems. Now’s the time to go down below, peer in the nooks and crannies to look for foundation cracks, pools of moisture and missing tuck pointing. Consumer Reports recommends marking the cracks with tape, then check back again in a few months to assess any damage. Most likely you can fill the cracks with epoxy, but for any major problem, call a structural engineer.

Before it’s 95 degrees outside and you have a major meltdown, make an appointment to get your air conditioner up and ready for summer. You can do your part too by changing the filters on a regular basis and removing dust from around the grills and ductwork. Not only will these tasks insure a cool summer, but also save you money on the cooling bill.

Decks are where family and friends gather for summer parties and barbeques. This outdoor living space requires regular maintenance for a safe, beautiful appearance. Check the railings and supports to make sure they are stable and secure. A guest falling off the deck is not an option. While you are inspecting, keep an eye out for wood rot and termite colonies that might lead to structural damage.

Power washing is the next step for spring deck maintenance. Be careful not to use too much force, which could damage the wood or composite decking. High volume, low pressure is the way to go. Allow a minimum of 24 hours for the deck to dry before adding the final step. Apply the stain during the cooler part of the day and let dry another 24 hours before using the deck. The final step? Invite friends and family to celebrate on your beautiful deck.

Home maintenance is an ongoing project, whether you are getting you home ready for sale or just staying put. Following a regular schedule will make your home a better place to live or sell, and make your life much easier and worry-free.

Written by Myra Vandersall

Selling Your Home this Spring Means Paying Attention to Details

2010-05-04T14:32:00.001-06:00

Enlist a friend to help you simplify your house and eliminate dirt, odors

This spring is shaping up to be a hopeful time for homebuyers and sellers. The Federal Reserve indicates interest rates will stay low for the time being and the Commerce Department reports that new home sales in March were up 27 percent. Still, the best way to sell a home is to have it in the best condition ever and be ready for your REALTOR to show the house on short notice.

A great way to discover buyer turnoffs is to enlist a friend to tour your home as a potential buyer. The first issue you may encounter is:

DIRT–To ready a home for sale, hire a cleaning service to deep clean, including sparkling windows, carpet cleaning, washing the woodwork and give special attention to the kitchen for grease issues and the bathroom for moldy grout. Once the house is thoroughly cleaned you have an easier job of daily surface cleaning. Because your friend doesn’t live here, she can eye dirt that you wouldn’t see every day. To make cleaning easier, take “you” out of the picture.

CLUTTER–Buyers need to see themselves in your property, not you. While it may be difficult for you to depersonalize your home, those personal items detract from the spaciousness and distract buyers with eye clutter. Pack up your pictures, your souvenirs from Disneyworld and that collection of 200 ceramic dogs and let the simplicity flow. Remember, you’ll have your prized possessions back once you sell and move into your next home.

ODORS–Speaking of dogs, not everyone loves canines (or cats) as much as you do. Lingering pet scents make buyers suspicious–how much damage have the cats and dogs made that is not immediately visible. Pet odors can be removed with your initial deep cleaning project, and pet stuff, like bowls, visible bags of food, litter boxes and toys should be gone when a potential buyer tours the house. Keep your home fresh smelling with gently scented candles and refrain from cooking fish, garlic and bacon.

CURB APPEAL–The clutter rule applies here too and fresh is the word. Plant colorful annuals, trim bushes and perennials. Put away gardening tools and all those plastic kids’ riding toys. Sweep your sidewalk regularly and remove excess lawn ornaments.

When you incorporate these tips in your home selling process you’ll reduce your stress, angle for a quick sale and resume your life in a new place.

Written by Myra Vandersall

The housing market expected to begin recovery this year

2010-05-04T02:36:00.000-06:00

Jobs, continued low interest and a variety of housing choices encourage potential buyers

Positive signs are beginning to indicate an upturn in the real estate market. The Labor Department announced a decline in unemployment filings as layoffs ease and hiring slowly increases. Economists are encouraged that the economy is getting closer to generating job gains, which will boost the housing market as people show more confidence and buy homes. Realtors are looking for a burst of activity in late April, May and June as potential buyers don’t have to buck bad weather to see properties.

In the Midwest home sales jumped almost 10 percent, year-to-year, in February, according to the National Association of Realtors. Nationally, year-to-year sales were up 8 percent. First American CoreLogic and its LoanPerformance Home Price Index Forecast indicates a housing price decline into early spring, but that will stabilize and recover modestly for the remainder of the year.

Even though the federal government will stop purchasing mortgage-backed securities on March 31, as planned, it looks like interest rates will continue to be low, at least for the foreseeable future. Rates on 30-year mortgages have fallen to around 5.05% from 5.28% at the start of this year.

Frank Nothaft, chief economist for mortgage investor Freddie Mac, sees what he calls "a very steady, quarter to quarter growth" pattern ahead. He also expects total housing sales of existing resales and newly constructed sales to be near six million by the end of 2010 and higher in 2011.

Written by Myra Vandersall

Energize Missouri Appliance Program helps homeowners upgrade, lower utility bills

2010-05-04T02:08:00.000-06:00

The new rebate incentive replaces inefficient appliances with those that use less energy and water.

With spring coming along nicely, all kinds of government programs to help both homebuyers and sellers, and the variety of green options available, here’s one more reason to increase your home’s market value and practice conservation. Beginning April 19, the Missouri Department of Natural Resources’ Division of Energy begins the Energize Missouri Appliance Program, offering consumers rebates on a selected variety of ENERGY STAR® new appliances.

To receive the rebate, consumers must buy ENERGY STAR® appliances at participating retail locations or through contractors and provide proof of recycling or haul away of the older, less energy efficient appliances. Appliances eligible for rebates include dishwashers, $75; clothes washers, $75; gas condensing water heaters, $150; Gas storage water heaters, $100; gas tankless water heaters, $100; electric pump water heaters, $150; solar water heaters, $500; gas furnaces, $125; central air conditioners, $100; and air source heat pumps, $250.

These rebates can be combined with federal energy tax credits and any manufacturers’ rebates.

Not only do the rebates help consumers reduce energy consumption and cost, but the program is designed to help create jobs for appliance manufacturers and retail stores.

The state of Missouri received $5.67 million from Recovery Act funds for program participation, which will continue as long as the state has money to support the program, or until the February 2012 expiration date.

Written by Myra Vandersall

Around St. Charles County

2010-05-01T02:34:00.000-06:00

Sunday, May 1
Run, Walk, Roll Away From Violence
Frontier Park
7-11 a.m.
Sponsored by Bridgeway Behavioral Health Foundation, this event will benefit the domestic violence and assault programs. The event features a warmup, a competitive 5k race and a 5k fun walk and roll. To register, visit the Bridgeway website.

Sunday, May 1
The Vino Fondo, Missouri’s Grand Fondo Bicycle Race
Begins in Augusta at Mt. Pleasant Winery
8 a.m.
A traditional pairing of challenging riding and a tour of some of Missouri’s best and oldest vineyards. Fully supported with three different ability rides. Proceeds from registration will benefit Trailnet. The ride is sponsored Big Shark Bicycle and Mt. Pleasant Winery. For more info go to the Trailnet website or call Big Shark at 862-1188.

Sunday, May 1 – Monday, May 31
 Antique Quilt Show
Frenchtown Heritage Museum, 1121 N. Second Street Wednesday - Saturday: 12-3 pm
This special exhibit of antique doll quilts and beds as well as quilts from the past centuries on display for you to enjoy. A special viewing will be held Mother's Day Sunday, May 9th from 12 pm -3 pm. For more information call 636-946-8682.
FREE

Thursday, May 6
Concert in the Park
St. Peters City Centre Amphitheater
7-8:30 p.m.
For the St. Peters centennial celebration in 2010, the city hosts a series of concerts. This week the Kelly Band, a traditional and contemporary Celtic band will entertain concert goers.
FREE

Friday, May 7, Saturday, May 8
Some Enchanted Evening
Lindenwood University’s J. Scheidegger Center for the Arts
7:30 p.m.
The Theater Department presents a revue of production numbers from the musicals of Richard Rodgers and Oscar Hammerstein, including “Oklahoma,” “Carousel,” “South Pacific,” “The King and I” and “The Sound of Music.” For information or to order tickets call 636-949-4433 or online at the Center for the Arts website.

Saturday, May 15
Historical Children’s Festival
First Missouri State Capitol Historic site, South Main St.
10 a.m.-4p.m.
Modern day kids can live and play as children did in the 1820s. Hands on activities include butter churning, quill pen writing, cow milking, candle dipping, baby farm animals, and storytelling about Missouri’s struggle for statehood. For information call 636-940-3322.
FREE

Saturday, May 15 –Sunday, May 16
Lewis and Clark Heritage Days
Frontier Park Historic St. Charles Downtown District
9:30 a.m.-8 p.m. on Saturday, 10 a.m.-4 p.m. on Sunday 
This annual festival features an authentic reenactment of Lewis & Clark's encampment in 1804 prior to their journey up the Missouri River. Also featured are re-enactor encampments, Fife and Drum Corps demonstrations, boat replicas, museum tours,19th century crafts and period food. For more information call 1-800-366-2427 or visit the Heritage Days website.
FREE, some activities charge a fee

Saturday, May 15 –Sunday, June 6
 Greater St. Louis Renaissance Faire
Saturdays, Sundays and Memorial Day only 
Wentzville Rotary Park 10 a.m.-6 p.m.
 Travel back to a 16th century French village and thrill to the exploits of jousting knights; roam the village shops; enjoy stage acts performing comedy, music and daring feats; and interact with colorful villagers, nobles, and peasants. There will be food and fun for the entire family. $13; seniors, students, $11; 12 and under, $8 For more information call 636-916-1643 or visit www.stlrenfaire.com

Friday, May 21-Sunday, May 23
Friends of the St. Charles City-County Library book fair
St. Charles Convention Center
9 a.m.-9 p.m. Friday, 9 a.m.-6 p.m. Saturday, 11 a.m.-3 p.m. Sunday
As one of the largest book fair in the metro area, attendees can choose from more than 250,000 hardback, paperbacks, set, records and magazines. Proceeds benefit the Library.
FREE, except on Friday-$5 admission or Friends membership. For information call 838-441-2300 or visit the Friends’ website.

Sunday, May 23
Mountain Biking 101
St. Charles County Parks and Recreation Broemmelsiek Park, Shelter 2
Learn the basics of mountain biking and maintenance with experts from the Gateway Off Road Cyclists. Following each session is a guided ride. All ages and abilities welcome. Participants should bring their own bikes and helmets.
FREE

Brought to you by St. Charles County Real Estate >> SCHNEIDER Real Estate

10 Facts about Captial Gains and Losses

2010-04-22T08:51:00.002-06:00

10 Facts about Capital Gains and Losses

Have you heard of capital gains and losses? If not, you may want to read up on them because they might have an impact on your tax return. The IRS wants you to know these ten facts about gains and losses and how they could affect your tax situation.

1. Almost everything you own and use for personal purposes, pleasure or investment is a capital asset.

2. When you sell a capital asset, the difference between the amount you sell it for and your basis – which is

usually what you paid for it – is a capital gain or a capital loss.

3. You must report all capital gains.

4. You may deduct capital losses only on investment property, not on property held for personal use.

5. Capital gains and losses are classified as long-term or short-term, depending on how long you hold the

property before you sell it. If you hold it more than one year, your capital gain or loss is long-term. If you

hold it one year or less, your capital gain or loss is short-term.

6. If you have long-term gains in excess of your long-term losses, you have a net capital gain to the extent your

net long-term capital gain is more than your net short-term capital loss, if any.

7. The tax rates that apply to net capital gain are generally lower than the tax rates that apply to other income.

For 2009, the maximum capital gains rate for most people is15%. For lower-income individuals, the rate

may be 0% on some or all of the net capital gain. Special types of net capital gain can be taxed at 25% or

28%.

8. If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to

reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing

separately.

9. If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the

unused part to the next year and treat it as if you incurred it in that next year.

10. Capital gains and losses are reported on Schedule D, Capital Gains and Losses, and then transferred to line

13of Form 1040.

For more information about reporting capital gains and losses, please call me to see if you are eligible.

As always, please don't hesitate to call us if we can assist you in any way.

Sincerely,

Mike

Michael R. Favazza, CPA

Favazza & Associates, LLC

Certified Public Accountants and Business Consultants

1811 Sherman Dr. Suite 9

St. Charles, MO 63303

Phone: (636) 916-1010

www.favazzacpa.com

Pending home sales are up significantly, 21.8 percent in the Midwest

2010-04-12T00:14:00.000-06:00

With mortgage rates potentially increasing, now is the right time to buy a home

Some goods news for the housing market–pending home sales rose in February by 8.2%, possibly showing another surge of sales as the deadline draws near for many government assistance programs, including the $8,000 tax credit for first-time homebuyers.

Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®.
The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months. In the Midwest the index jumped 21.8 percent to 97.9 and is 18.7 percent above a year ago.

Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in buyer contract activity may signal the early stages of a second surge of home sales this spring. Also, we’re hearing about a rise of activity in recent weeks with ongoing reports of multiple offers in more markets, so the March data could demonstrate additional improvement from buyers responding to the tax credit,” Yun said.

Here’s another interesting take on the increase in home sales. According to Jean Folger of the Wall Street Journal, the Mortgage Bankers Association (MBA) expects the rate on a 30-year fixed rate mortgage to increase to 6.1% by the end of the year. For the week ending March 19, the interest rate was 4.91%.

As an example, the monthly payment on a $180,000 30-year mortgage (excluding taxes and private mortgage insurance) at 6.1% will be a monthly payment of $1,091, with total interest paid equal to $212, 685.

The same loan at 4.91% rate will be a $956 monthly payment (saving $135 per month) with total interest equal to $164,305, which is a substantial savings of $48,380 over the course of the loan. Even the most insignificant mortgage rate changes can have a major impact on the total cost of a home.

This is just another reason to purchase a home this spring.

Written by Myra Vandersall

Calendar of Events April 2010

2010-04-06T08:36:00.001-06:00

Friday, April 9-Sunday, April 11
Used Book Sale
St. Charles Public Library
Friday, 2:30-7:30 p.m., Saturday, 9 a.m.-1 p.m., Sunday, noon- 2p.m.
Hardcover and paperback books available at bargain prices. Saturday is half price day and Sunday is bag day. Sponsored by the Friends of the St. Charles Public Library. For more information call 630-584-0076 or go to the Library’s website.

Friday, April 9-Sunday, April 11
Tartan Days
Frontier Park
Ceud Mile Failte! Get your caber on at the St. Charles Tartan Day Festivities. Learn about Scot-American culture, visit skilled artisans, musicians and animal experts. Read sheep. Enjoy the Gateway Cabermen competition and listen to Highland Reign, St. Louis Caledonian Pipe Band and the John Ford Highland Pipe Band. Miss Tartan Day will be crowned on Friday, a parade and music on Saturday and Kirkin of the Tartan ceremony on Sunday morning. The Missouri Tartan Day Festivities is pleased to once again host the Gateway Cabermen, St. Louis' only Scottish Heavy Athletics association. Each year, the Gateway Cabermen offer a series of clinics and demonstrations for both men and women.

Tuesday, April 13
Healing at Your Fingertips
10-11:30 a.m.
Java G’s Coffeehouse Café, Old Highway 94 South
Learn how acupressure works and help yourself deal with pain. Try pressure points in class and experience immediate relief.
Fee $9

Friday, April 23-Sunday, April 25
6th annual Builders St. Charles Home Show
St. Charles Convention Center
Friday, April 23, 11 a.m. to 9 p.m.; Saturday, April 24, 11 a.m. to 9 p.m.; Sunday, April 25, 11 a.m. to 5 p.m.
The show includes speakers, seminars, children's entertainment, a sausage and wine tasting festival and about 350 booths from 200 companies featuring windows, doors, kitchen and bath products, pools and spas, home accessories and more. A Habitat for Humanity Restore offers new and used home-improvement merchandise at discount prices.
Free

Sunday, April 25
St. Louis Earth Day Festival
1 a.m-6 p.m.
Forest Park, St. Louis
Earth Day 2010 features educational exhibits and hands-on activities, music and entertainment, an Earth Day café, locally produced foods and beverages and an all-species parade. For info, go to the event website.
Free

Friday, April 23 – Sunday, April 25
 Art Walk
Historic St. Charles Downtown District
Friday: 5 pm - 8 pm Saturday: 10 am - 8 pm Sunday: 12 am - 5 pm The annual Spring Artwalk features artists exhibiting along Main Street and at the Foundry Art Centre with music and flowers enhancing the ambiance. Mediums represented include photography, watercolor, acrylic, and oil paintings, earthen ornaments, blown glass, steel sculpture, drawings and pastels, clay and raku pottery, and more. For more information call 636-949-3231.
Free 

Written by Myra Vandersall

St. Louis region ranked in top 10 best housing markets

2010-03-29T06:39:00.001-06:00

Our area is also a “best-bang-for-the-buck” and home prices edge up.

It seems as though St. Louis has a lock on the good news department lately. Our region was selected for two Forbes.com lists and home prices are moving up. If you’re shopping for a house, St. Louis is one of the best markets, according to Forbes.com. The magazine recently released their list of Top 10 Best Housing Markets and St. Louis landed in the number eight slot. The list is based on the stability of each metro area as measured by affordability rankings and foreclosure rates as an indicator of a lack of excess inventory, making the top cities what they call the best opportunities for home shoppers. The top 10 housing markets include: Pittsburgh, PA, Louisville, KY, Houston, TX, Minneapolis, MN, Indianapolis, IN, Memphis, TN, Columbus, OH, St. Louis, Dallas/Ft. Worth, TX and Austin, TX.

In another Forbes list, St. Louis made the “Best-Bang-For-The-Buck Cities” analysis. This top 100 list is based on solid housing markets, relatively stable employment, a low cost of living and quick commutes.

Home prices are on the way up too, growing for the second straight month in January–up 0.6%, according to real estate data firm First American Core Logic’s Home Price Index. In December the year-over-year increase was 1.54 percent, the first positive number after at least nine months of declines. Nationwide, prices are still falling, down 0.7 percent in January, according to First American.

All good news as we look forward to a spring surge in home sales.

Written by Myra Vandersall

Down payment assistance makes home ownership easier

2010-03-24T09:54:00.001-06:00

Homebuyers can take advantage of a variety of tax credits to choose the perfect home.

An array of financial assistance for home purchase is available for qualified buyers in just about every income level. Of course there’s the $8,000 tax credit for first-time buyers and $6,500 for repeat buyers, which expire on June 30, but potential buyers can also look for help with the down payment.

Here’s a run down of what to expect:

The city of St. Charles– The HOME St. Charles Down Payment and Closing Costs Assistance Program helps low to moderate income purchasers to become homeowners. HOME St. Charles will make up to $10,000 available for qualified households to help with the down payment and closing costs. Down payment assistance for St. Louis County is $3,000 and Jefferson County $7,500.

Income levels apply and the sale price must be under $185,000. A mandatory nine-hour home buying seminar and a one-on-one counseling session to review finances and credit history is also required.

And there’s more. The Missouri Housing Development Commission is offering up to a $1,250 credit in property tax breaks for qualified buyers with an extra $500 thrown in if the house is energy efficient or if the buyer begins energy efficient steps within 60 days of closing. The MHDC offers more assistance, administering a number of housing programs, from purchasing a home with a First Place loan, assistance for veterans, buying property in a disaster area, foreclosed properties and home repair grants.

The federal government is also offering tax credits for energy efficient upgrades, up to $1,500 or 30 percent of the improvement cost, which includes windows and doors, insulation, roofs, air conditioners and furnaces. The tax credit is applied for either 2009 or 2010 taxes and expires on December 31, 2010.

With all of this assistance, plus a wide variety of properties to chose from, now is really the time to make that move!

Written by Myra Vandersall

MAR transfer tax on real estate sales

2010-03-12T10:39:00.003-06:00

Say YesToSaveHomes.com and no to a transfer tax on real estate sales

Yet another tax on real estate transfers is double taxation. A petition drive to prohibit the tax would protect buyers and sellers from additional expense.

With deficit budgets and declining revenues, legislators are looking for new sources of revenue and a transfer tax on real estate sales is potentially viable. The Missouri Association of REALTORS® (MAR) is working proactively to prohibit such a tax in Missouri by sponsoring a grassroots petition drive to place a state constitutional amendment on the November ballot prohibiting such a tax.

A transfer tax is a tax levied by a governmental entity when ownership of a home, land or other real estate properties. When the tax is approved by legislators, the rate can be increased without a popular vote.

Homeowners already pay property taxes and Realtors consider a transfer tax as double taxation. The tax would also lower homeowner equity, negatively affect the buying and selling process, and target property owners and lower income residents equally.

To engage public support and encourage Missourians to sign the petition, the MAR website YesToSaveHomes.com is a convenient way to learn more about this initiative and register your support for no tax transfer fees. The group needs more 157,000 signatures from registered voters to place the amendment on the November ballot.

Here is the proposed amendment: "Shall the Missouri Constitution be amended to prevent the state, counties, and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate?"

Because of the wording required by the Missouri Secretary of State, a vote of “yes” is necessary to pass the amendment. When it comes to tax increases, voters are used to a “no” response, but in this case that would be a vote for transfer taxes.

The past few years have been difficult at best for Missourians and additional taxation will only have a negative impact. Thirty-seven states have a transfer tax; Missouri Realtors want to head off taxation in this state so as not to be the 38th state.

Written by Myra Vandersall

Home staging is vital for quick sell, best price

2010-03-08T22:25:00.001-06:00

Staging increases your chances of a quick sell, reduces the time on the market, and supports your asking price.

Making your home alluring for potential buyers is a smart move in today’s real estate market. In fact, staging your home is now almost a must-do for a quick sell and the best price. The Internet has drastically changed how potential buyers initially shop for a home, and crisp, bright photos on a webpage are essential.

Home staging can take many forms, from the homeowner staging for little or no money, to hiring a professional stager to using the virtual staging technique. The two most important concepts of staging are valid for all methods–de-clutter and depersonalize.

Before doing anything, remove all clutter and personal effects, including that family photo on the mantel, the kids’ artwork on the refrigerator, the kitchen magnets and all those theme-room knick knacks. Sometimes this is a very hard thing to do because of the personal memories and comfort of living with your “stuff.”

Once you’ve done a de-cluttering and de-personalizing sweep, ask a friend or neighbor to come in a point out more things that should go. There will always be more and someone with an impersonal view can help you open up the space and show off your house to its best advantage. All your personal items will become an integral part of your new home. But right now you want a buyer to see their stuff in the house.

De-cluttering also has the added plus of helping you get organized for your move, and sorting thorough things that can be recycled, donated or thrown away. You’ll be ahead in the long run.

Next, remove excess furniture. Large, bulky pieces will make your home seem smaller and give a false perspective. Arrange your furniture in a conversational setting and let the room breathe with extra space.

If you have a fireplace, that should be the focus of your room. Remove the television; a flat-screen shouldn’t be the center of attention. If your fireplace has some black soot, it can be cleaned and even repainted.

Painting will be a big part of your home staging. Repainting an area makes it fresh and covers the scuff marks. You don’t have to stick to a neutral color—there are many softer shades of beige, light yellow, blue and green that will make an impression on potential buyers.

In the kitchen, remove ALL appliances from the countertops. This is extremely important if you have a small kitchen and need to create more countertop space. And as in the bathroom, cleaning and updating are the two most important tasks for these rooms. Kitchens and baths attract the most dirt, so showing a sparkling area will make a big difference.

A relatively new technique in home staging is virtual staging. This is used mostly with homes that are vacant and don’t show up to their potential. Virtual home stagers use computers to work with photos of the house and create a concept of the room, from changing the paint, placing furniture, lighting, and accessories.

This makes a better impression for potential buyers as viewed on the Internet, and can be less expensive than hiring a home stager and renting furniture. The trick here is to use prominent disclaimers saying that the property has been digitally enhanced to show the rooms can look with good design. Otherwise, a potential buyer who views the home online and sees a totally different looking house upon visiting will feel deceived and consider the treatment unethical.

More information on home preparing your home for sale and Home Buying Institute’s website.

Written by Myra Vandersall

St. Charles Calendar

2010-02-28T22:05:00.000-06:00

Through March 28
2010 Orchid Show
Missouri Botanical Garden
9 a.m.-5 p.m.
Annual orchid show features more than 800 orchids from the Garden’s world-class collection in a lush garden of French-inspired design. Winding streets lead to a French bistro beneath the shadow of the Eiffel Tower.
$5 plus garden admission
Free for member

Friday, March 5
Star Parties
St. Louis Science Center Planetarium
6:45 p.m.
Visitors are treated to viewing the night sky through telescopes at the Planetarium. Members of the St. Louis Astronomical Society will be on hand to answer questions. Included is a viewing of “The Sky Tonight” in the Orthwein Starbay. For night sky updates, call 314-289-4453

Saturday, March 6
St. Louis Moolah Shrine Parade
N. Riverside Dr.
Noon
The 68th annual Shrine Circus Parade will be held in historic St. Charles, beginning on N. Riverside Dr. and ending in the parking area at the Lewis & Clark Boat House and Nature Center. More than 100 parade units will entertain parade viewers. Also, the Moolah little cars, national grand champion marching bands, the Wehrenberg Calliope and the Schnucks giant shopping cart.
Free

Thursday, March 11-Sunday, March 14
Missouri Valley Conference Women’s Basketball Tournament
Family Arena
The 15th annual women’s tourney features 10 league schools with opening round action beginning at 5 p.m. on Thursday and the championship game on Sunday. For details go to the Missouri Valley Conference website.

Thursday, March 11
Caregiving: What to do in emergencies
1-2:30 p.m.
Barnes-Jewish St. Peters Hospital
Learn what you can do to prepare for an emergency and do what’s best for your loved one to minimize stress. Call 636.928.9355 to register.
Free

Thursday, March 18-Sunday, March 21
St. Louis Moolah Shrine Circus
Family Arena
Thurs., March 18, 7:00 p.m.; Fri., March 19, 10:30 a.m., 7:30 p.m.
Sat., March 20, 10:00 a.m., 2:30 p.m., 7:30 pm
Sun., March 21, 1:30 p.m., 6:00 p.m.
Hearing Impaired Performance: Sun., March 21, 1:30 p.m.
Shrine Circus comes to town with trapeze artists, clowns, tigers, elephants and carnival food and much more. Attendees can ride elephants and ponies at this family-centered event. For ticket info, go to the Moolah Shrine Circus website.

Friday, March 26
Lewis, Clark and Sacagawea in Missouri
10 a.m. – noon
St. Charles Community College
Dianne Moran, folklorist/naturalist and Chautauqua scholar will portray the story of Sacagawea, a Plains Indian woman, and how she helped Meriwether Lewis and William Clark secure their place in history as great explorers. Sacagawea visited St. Louis in 1809.
Fee: $15

Sunday, March 28
Spring Concert
Lindenwood University Cultural Center
2 p.m.
The St. Charles Municipal Band & Community Big (Jazz) Band present their annual spring concert. The Municipal Band, under the direction of Nancy Garza, will open its 140th season with a concert of contemporary American music. An Intermission will feature complimentary cookies & refreshments. The Big (Jazz) Band with vocalist concludes the afternoon's performance with swing and contemporary jazz.

Tuesday, March 30
New Trail-Dardene Creek
9:30 a.m.
Explore the back woods of St. Peters. Approximately 3-5 miles, mostly flat, partially paved trail. Meet at the St. Peters Rec-Plex, 5200 Mexico Road, St Peters, MO, near trailhead.
Free

St. Charles County Real Estate

Written by Myra Vandersall

Foreclosures dip in St. Louis region; HUD relaxes rules for quick resale

2010-02-24T12:59:00.002-06:00

HUD’s actions will help speed foreclosure sales and protect against predatory flippers.

With the housing industry still facing recovery challenges in 2010, there is some good news in the St. Louis area. Foreclosure activity from December to January declined by five percent, according to RealtyTrac. This is the second straight month that action on foreclosed property decreased here. Nationally 23 percent of homeowners owe more than their house is worth, while in our area that total is 15 percent.

Considering the continued foreclosure crisis, neighborhood stabilization and access to affordable housing is on HUD’s fast track. The agency has expanded access to FHA mortgage insurance and allow for quick resale. This change is a temporary one but will give buyers the ability to resell the home within 90 days.

HUD secretary Shaun Donovan emphasized the new policy has very strict boundaries to make certain that predatory practices such as reselling at inflated prices to unsuspecting borrowers won’t happen. “The FHA has an opportunity to fulfill its mission by helping many homebuyers find affordable housing and contribute to neighborhood stabilization,” he says.

The criteria is limited to these general factors:

All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions.
The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage for purchase program.

Learn more about this opportunity. Contact your St. Charles County Real Estate SCHNEIDER agent and visit the HUD website for detailed information.

Written by Myra Vandersall

Going green with remodeling projects increases your home’s saleability

2010-02-16T12:55:00.001-06:00

Earth friendly flooring, wallboard, insulation and roofs can bring in more potential buyers and do some good for the earth we live on.

As the selling season comes into sight, plans should be underway to spruce up your home with some remodeling projects. Last time we talked about small projects that have the best return dollar-for-dollar, such as changing out the tile in the kitchen and bath, re-facing cabinets and installing energy efficient appliances.

Making those improvements with earth-friendly materials will take your results to a higher level. Green materials have both financial and safety advantages.

Insulation is a must and most homes are under insulated. Natural based insulation is very popular now, such as recycled newspaper or cotton fiber, including recycled denim pieces. This insulation is soft, easy to handle and is treated to be fire resistant. There is no formaldehyde or other chemicals added to the product.

Wallboard can be a mold magnet, but by using gypsum, which has a moisture-resistant core, mold is no longer a problem. And, gypsum wallboard helps to maintain healthy air inside.

Heat rises–to the roof. In addition to quality insulation on the inside, a cool metal roof on the outside can save up to 30 percent on cooling bills. The metal roof lasts twice as long a conventional roof, and is resistant to fire, wind and hail.

Going green with flooring is another important factor in home remodeling. Linoleum is an excellent choice now. Yes, linoleum, but this product is far different than the linos in the 1950s kitchens of the past. The new linoleum is made from linseed oil, rosin, wood flour cork flour and limestone, all renewable resources and by-products of other manufacturing processes. This flooring is beautiful, designer-friendly and requires no major cleaning techniques.

To learn more about ways to live a greener life, check out the EarthWays Living the Green Life at the Missouri Botanical Garden. This interactive exhibit, which runs through March 14, is included in the Garden admission.

Written by Myra Vandersall

Get help before you go into FORECLOSURE

2010-02-10T12:17:00.003-06:00

ASK THE GRANT HICKMAN TEAM FOR HELP, BEFORE IT IS TOO LATE. CALL (314) 265-1531

I know that financial situations can be difficult to discuss. We have many resources and answers that might help prevent you going into foreclosure.

On the news and signs surrounding our neighborhoods, we are reminded that many of or friends, family, and neighbors are financially struggling. Among the daily headlines, I read about the economy, gas, and real estate - especially foreclosure and families in need of help.

In my business, helping family matters. St. Charles is a great place to work and live, and has continued to grow despite reports of a lagging economy. Regardless, people you and I know have been hit hard by rising gas prices, grocery expenses, and other economy factors.

We have experts trained in:
- Short sales
-Foreclosures
-Network of credit counselors and mortgage professionals

I want you to call me if you need assistance making decisions about your
home. The Grant Hickman Team is helping families right now in difficult
situations, avoid foreclosure and bankruptcies. Give me a call direct at (314) 265-1531 or share our services with a friend, neighbor, or family member.

EXPERT REAL ESTATE SERVICES AND SYSTEMS

St. Charles County Residential Sales by Price

2010-02-09T14:36:00.001-06:00

Kitchen, bath remodeling projects add resale value

2010-02-09T11:39:00.001-06:00

Whether you’re moving on or staying put, minor face-lifts will freshen a home.

Here’s a true story. Our friend Dan was getting his house ready to sell. The screen in the front door had a hole for, oh, three years running. He took the screen to the hardware store, had it fixed and reinstalled it that afternoon. Looking at his new screen door, Dan wondered why he didn’t do this easy fix three years ago.

Most of us have those little, nagging projects that we’ll take care of next weekend, but the weekends fly away and all of a sudden, if you decide to sell your house, they add up. Even if you’ll stay put for a while, projects big and small will have a financial impact for eventual resale.

Kitchen and bath upgrades still have good returns, according to Remodeling magazine’s latest cost vs. value analysis. A kitchen remodel has the potential to recoup 78.3 percent on the initial remodel investment. However, this return is based on minor upgrades, not a total kitchen renovation. Upgrades include energy efficient appliances, cabinet re-facing, new countertops, resilient flooring and a quality sink and faucet. These types of changes present the kitchen as fresh and well cared for.

Bathrooms also bring a good 71 percent return. Again, it’s freshening up what you already have, not necessarily going the addition route. Buyers like jetted tubs, stylish countertops with upgraded sinks and faucets, and new tile. Even re-grouting, sealing and caulking the existing tile will go a long way to impress a potential buyer.

Some of these projects might fall under the do-it-yourself category, but hiring a contractor to do the work efficiently and according to code is a smart idea. So, where to start? Personal references are very reliable and you can see the final work. Check with the local professional homeowners and builders associations, plus the Better Business Bureau for any complaints.

When you have selected a contractor, ask for documentation that the contractor has the required licenses, insurance, lien protection and workers’ compensation. You also want to know who will do the work and if the contractor is subcontracting some of the project.

Whether you are considering selling or staying, do the projects for yourself so that you may enjoy your home’s fresh new look.

Next time we’ll explore ways to go green for the face-lift project. Green makes sense and cost-effective now and in the future.

Check out our remodeling returns information.

Written by Myra Vandersall

Borrowers will assume more costs as a result of FHA changes

2010-02-08T11:00:00.000-06:00

The move is designed to generate additional income to ensure FHA solvency.

Borrowers who choose Federal Housing Authority (FHA) programs will see increased costs involved with that agency’s mortgage insurance and will have to have higher FICO scores. The move provides more financial stability for the FHA as rising defaults dipped below required reserves. Right now one in six FHA borrowers is behind on payments.

David Stevens, FHA commissioner, says “the FHA has a responsibility to be fiscally sound and to protect homeowners who trust the FHA to give them financing that will allow them to live in their homes for the long term.”

Up-front Mortgage Insurance Premiums (MIP) will be 2.25 percent, an increase from 1.75 percent. With FDA mortgage insurance, buyers can put as little as 3.5 percent down in comparison to the traditional 20 percent most lenders expect. However, to qualify for the 3.5 percent, borrowers must have a credit score of 580; prospective buyers whose credit scores are lower will have to put down 10 percent.

Another change is the amount of seller concessions from six to three percent. This change brings the FHA more in line with traditional industry standards and gives the borrower a greater stake in their home purchase.

Created by Congress in 1934 during the Great Depression and in economic times very similar to what we are experiencing today, the FHA provides mortgage insurance on loans made by FHA-approved lenders, but does not issue the loans. The agency currently insures 5.5 million mortgages.

Written by Myra Vandersall

Calendar of Events

2010-02-01T20:20:00.001-06:00

The Big Read
Foundry Art Centre
The 2010 BIG READ, featuring Mark Twain’s classic novel The Adventures of Tom Sawyer. Events include book discussions, live theatre, music, film screenings, concerts, an essay contest, lectures, field trips, interactive art projects and culminate with an ice cream social and raft building contest. The Big Read is sponsored by the Foundry Art Centre and St. Charles Community College Library. For a full list of events, go to the Foundry’s website and download the schedule.

Friday, February 5
Peter Martin Music: The Duo featuring Dianne Reeves
8 p.m.
The Sheldon
Peter Martin Music, a new concert series by St. Louis' own, jazz pianist Peter Martin. He brings jazz home to St. Louis with this exciting new series featuring Martin on piano along with special guests. The first in the series will be The Duo, featuring four-time Grammy® Award winner Dianne Reeves.
For info, call MetroTix at 314-534-1111 or go to The Sheldon website.

February is a month of celebration for Mardi Gras lovers, and everyone who likes a good time. Check out the family celebration in Frenchtown, and all the activities offered during the month at the St. Louis Mardi Gras.

Saturday, February 6
Frenchtown Mardi Gras Parade
3 p.m.
The Frenchtown District of St. Charles is hosting an alcohol-free, family friendly Mardi Gras parade from Sundermeier RV Park to Transit, left on 2nd Street, Left on Clark, and ending at the Foundry Art Centre.

Saturday, February 6-Thursday, February 18
Mardi Gras, St. Louis style
Various times/events
St. Louis is one of the premier Mardi Gras celebrations, second only to New Orleans. The Soulard neighborhood comes alive with spectacular events for all. The big day, Saturday, February 13, is the River City Casino Grand Parade, but there’s plenty to do before then, beginning with the Southern Comfort Taste of Soulard on February 6 and 7, the Beggin’ Pet Parade, the wiener dog derby, the Mayor’s Mardi Gras Ball and lots of music featuring St. Louis’ best, plus bands from New Orleans. For a full schedule, go to the St. Louis Mardi Gras website.

Wednesday, February 10
Cheesemaking
6-9 p.m.
Primrose Farm, St. Charles Park District
Learn how to make cheese and see each stage of the processing from whole milk to culturing, pressing and aging.
$20 per resident. Advanced reservations required. Call the St. Charles Park District at 630-513-6200 for registration details.

Friday February 19-Sunday, February 21
Working Woman’s Survival Show
Fri. 11 am-8pm, Sat., 10am-8pm, Sun, 11-5pm.
Saint Charles Convention Center
More than 350 exhibitors present products, workshops, financial tips, fashion shows and fun for a perfect girls’ day out. For detailed information go to the Working Woman’s Survival Show website.
Adults $8.50, 6-11 yrs. & 60+ $6.50, 6 & under free.

Friday, February 12
Mom and Son Pottawatomie 500
6:45-8:30 p.m.
Pottawatomie Community Center
A fun-filled race themed night for moms and sons. Dancing, games, refreshments and a special memento for each son. Look for the Daddy and Daughter event in March.
$11.50 per resident. Advanced reservations required. Call the St. Charles Park District at 630-513-6200 for registration details.

Wednesday, February 24
Music as Medicine
1-2:30 p.m.
Barnes-Jewish St. Peters Hospital
Learn about the power of music for the restoration, maintenance and improvement of mental and physical health. Offered in partnership with OASIS.
Free

Thursday, February 25-Sunday, February 28
St. Louis Builders Home and Garden Show
Thursday-Saturday, 10 a.m.-9 p.m. Sunday, 10 a.m.-5 p.m.
America’s Center and Edward Jones Building
St. Louis
The Builders Home and Garden Show is actually 5 complete shows in one - Lawn and Garden, Pool and Spa, Kitchen & Bath, Interior Design and Building Products. Enormous feature gardens, local and national celebrity speakers and family fun areas. More than 600 exhibitors, here’s the place to get ideas for your spring home and garden projects.
Adults: $9;Children 6-12: $4; Children 5 and Under: Free

Written by Myra Vandersall

Efficient home heating

2010-01-25T11:00:00.000-06:00

Efficiently heated homes save money and increase potential sales

Sealing your house up tight for both winter and summer is the cost-effective way to go.
The temperature is inching up toward the 40s and every once in a while the sun shows promise. The days of subfreezing temperatures and windy blasts are over, right? Not so fast there. We humans can have remarkably short memories, and here it is just the middle of January. Instead of reminding your family that layering clothes is perfectly normal inside, let’s revisit why you should get serious about home heating efficiency.

While these tips are primarily about the heating season, they are just as applicable for the summer months too. An air leak is an air leak, whether heat is leaking or the cold air conditioning is leaking.

Stop the leaks. Finding air leaks is the first task on the road to make your home more heat efficient. Anywhere there is an opening in your house, the potential for air leaks exists. Check window frames, doorframes, attic entrances, electrical outlets and ductwork. To check for leaks, use a lit incense stick and watch for horizontal smoke. Hardware stores have a multitude of weatherproofing kits and caulking. Addressing even the most minor air leaks can result in substantial utility savings.

Ductwork systems may be wasting your energy dollars. Often overlooked, typical duct work can lose 25-45 percent of your heating or cooling energy. Look for leaky joints or holes in the duct system, disconnected ducts that have separated from each other and un-insulated or poorly insulated ducts in attics and crawlspaces.

Sealing ductwork is really a job for the professional, who can assess your problems, especially in unconditioned spaces. Minor fixes are temporary at best. Going the professional route can reduce your annual utility bills by as much as $300 and better yet, improves the overall air quality.

Total house insulation is another job for the pros. This is one of the most cost-effective ways to reduce energy loss and outside noise. Research the recommended standards for your region in R-values. The higher the R-value, the less transfer of heat through the material.

Thermostats can save big bucks. For every one degree you lower the temperature in your house over a 24-hour period, savings can go up three percent. Adjusting your thermostat down 10-15 percent for an eight-hour period each day gives you a 10 percent annual savings. Programmable thermostats will automatically turn the heat down while you are at work during the day and at night.

Ceiling fans aren’t just for summer. While we think of ceiling fans as a way to stay cool in the summer, they are also heat savers in the winter. By reversing the blades, ceiling fans re-circulate the rising warm air back down into the living area.

Plugging leaks is the single most effective way to make your home energy efficient not only for you and your family, but also for potential buyers, who are even more cost-conscious than usual.
And it shows your home is well taken care of and maintained.

Written by Myra Vandersall

Career Night - Feb. 2 @ 6:30

2010-01-22T10:56:00.001-06:00

SCHNEIDER Real Estate Career Ni

Haiti relief help

2010-01-18T11:26:00.001-06:00

Housing crisis for Haitians looms large; St. Louis’ best musicians sing out to help

With more than one million Haitians in need of shelter, donations will help tremendously. And, the “St. Louis Musicians for Haiti” concert at the Sheldon sings for Doctors Without Borders.

The devastation caused by the earthquake in Haiti is incomprehensible, but the goodness of the human spirit is alive with an outpouring of help and donations. As real estate agents, we know how vital housing is–a safe place to shelter a family. The United Nations Office for the Coordination of Humanitarian Affairs estimates that more than 200,000 families (up to one million people) are in need of immediate shelter, but these figures are yet preliminary. While the organizations that do need donations are too numerous to list, we suggest considering Habitat for Humanity to help provide housing for Haitians in the short and long term. For information on how to help, call the Habitat for Humanity of St. Charles County at 636.978.5724 or visit the St. Louis chapter of Habitat for Humanity website.

Another way to support the cause and enjoy some of the best music St. Louis has to offer, is to attend the “St. Louis Musicians for Haiti” concert. A diverse group of St. Louis musicians will take the stage of the Sheldon Concert Hall at 7:30 p.m., Tuesday, February 9, to raise money for Doctors Without Borders’ Haitian earthquake relief efforts.  The concert features jazz, blues, soul, folk, classical and more, from a lineup that includes singer Brian Owens; folk group Mayor Taylor, featuring Lydia Ruffin and Charlie Pfeffer; the Bottoms Up Blues Gang; pianist Peter Martin; singer Mardra Thomas and her pianist/husband Reggie Thomas; singer Kim Massie; pianist Peter Henderson; opera singer Christine Brewer and more. Julius Hunter, author and former TV newscaster, will host the evening.

  Tickets are $15 for general admission, and are on sale now. You can purchase tickets via metrotix.com or by calling 314-534-1111. For more information, call The Sheldon at 314-533-9900 during normal weekday business hours, 9:00 a.m. to 5:00 p.m. Monday through Friday.

Written by Myra Vandersall

Is 2010 the perfect year to buy the perfect home?

2010-01-13T12:05:00.000-06:00

While all the signs point to a continued buyer’s market, some common sense, financial stability and planning will make buying a home affordable.

The word on the street is that 2010 will be a prime year to purchase affordable real estate. Considering the stresses of the past few years, good news is always welcome. However, buying a house this year should be a thoughtful, planned process and not a decision to be made because of an array of incentives. Those incentives last for a year or so, and your mortgage lasts for 30 years.

Home values have reverted to 2003 levels, fixed mortgages are at near record lows, and foreclosures continue to rise, especially in the high-end real estate categories. The stars may have aligned in your favor to buy, but first consider your financial future.

Stable employment is a necessity. Unemployment is still high, around 10 percent, so the best advice is to assess your job status and be as confident as possible that you will still be working. That being a given, here is good information you need to know about real estate in 2010.

Prices to bottom out. On a national level, home prices went down nearly nine percent between the third quarter of 2008 and the same period in 2009, according to the S&P/Case-Shiller home price report. The second quarter decline was near 15 percent and the first quarter a 19 percent decline. Prices will continue to decrease a bit through third quarter 2010.

Mortgage delinquencies will continue to increase. At the end of third quarter 2009, about one in seven mortgages were past due or in foreclosure. Look for the delinquency rate to go up even further; about one in four homeowners owe more on their mortgage than the property is worth at today’s prices.

Upscale homes going into foreclosure. Foreclosure sales will hit about 1.9 million in 2010, with a growing number of those homes in the upper price brackets. While this does not mean the upscale foreclosed house will be a steal, this trend will add more variety to the market.

Mortgage rates will go up. Rates on a 30-year, fixed mortgages averaged 4.88 percent in November, down from 6.09 a year earlier. A contributing factor was the Federal Reserve program that purchased debt and mortgage-backed securities from Fannie Mae and Freddie Mac. That program will expire at the end of first quarter 2010 and interest rates may rise.

It’s a buyer’s market–for now. 2010 will still be a buyer’s market and should ease the pressure of a quick purchase. That balance will change as the year goes on, if the economy improves but will still give potential buyers some breathing space.

Tax credits available through June. Lower prices and lower mortgage rates are enhanced with tax credits for first-time buyers ($8,000) and repeat buyers ($6,500). As tempting as this is, you do need to consider the long haul when you buy a home and all the expenses involved.

With careful planning, a solid financial base and common sense, 2010 may indeed be the year to buy that home.

Written by Myra Vandersall

Upgrades for the best return in resale

2010-01-10T13:36:00.000-06:00

Exterior remodeling projects under $14,000 have the best return on investment

First impressions count. Increasing your home’s curb appeal outside bring potential buyers inside.

Preparing your home for sale in 2010 means planning ahead now. The good news is selecting the best improvement projects to increase your resale value and return on investment can be some of the least expensive. The most recent findings in the 2009 Remodeling Cost vs. Value report that eight of the top 10 projects in terms of costs recouped were exterior jobs that came in under $14,000. The report is published in the January 2010 issue of REALTOR® Magazine.

The least expensive but biggest on return is a new front door, which proves once again that first impressions are vitally important. A mid-range entry door replacement can garner a 128.9 percent return on investment, based on a national survey of 80 U.S. cities, and will welcome potential buyers into your home. Other exterior projects with a high return are certain types of window and siding replacements and adding a wood deck. The least profitable projects are home office remodels and sunroom additions.

Overall, a sensible and pragmatic approach to improvements is the way to go. Ultra-expensive remodels and exotic additions just won’t make a good return and will deflect buyers who are looking for value in today’s markets.

That said, there is one exception. Increasing living space is a good bargain and the addition of an attic bedroom, which can cost up to $50,000 on a national average, could be a good move. The rate of return on that project is better than 100 percent.

Here are more ideas for low cost improvements that will increase your home’s salability.

Increasing living space gives the buyer a sense of more value. Instead of putting a lot of effort into a home office, show your buyer that the space can be a bedroom. More bedrooms increase the sale price. Open floors plans are big now. Consider removing a non-weight bearing wall to open up the space between a kitchen and family room.

Kitchen and bathroom upgrades are well worth the effort. Replacing backsplashes and tile is an economical way to refresh either room. If you want to go granite for your countertops, consider granite tile instead of slab. Using tiles can be a $300 material cost instead of $5,000.

New or replacement cabinet fronts will impress potential buyers. Install rollout trays in the kitchen for better organization and give the buyer a sense of more space. A new medicine cabinet in the bathroom, plus light fixtures, an inexpensive vanity and faucets will make your bathroom new again.

Putting thought and coordination into your remodeling plans now will reap huge rewards in the spring.

Written by Myra Vandersall

Home Sales Up

2010-01-03T22:44:00.000-06:00

St. Charles existing home sales increase 16.3 percent in October; first time homebuyers make a huge difference

Consumers are responding to federal government stimulus programs and have an eye out for foreclosed properties for investment

First-time homebuyers have been out there in force, accounting for 47 percent of the homes purchased between July 2008 and June 2009. That group represents the largest share of first-time buyers in more than 18 years. These buyers have also helped the St. Louis region real estate market score an increase of 27 percent for October 2009 in comparison to October 2008, according to the St. Louis Post-Dispatch. St. Charles County sales increased 16.3 percent with the median home price of $168,000.

Our local market pretty much mirrors the national scene–pending home sales are up again for the eighth consecutive month, the longest streak since 2001. The National Association of Realtors keeps track of such things; the gain was 6.1 percent to 110.1 percent.

All of this activity shows that federal stimulus packages such as the $8,000 tax credit for first time buyers are working. The plan was scheduled to end on November 30 and that pumped up the October sales.

Now that the tax credit program has been extended through June 2010 and has been expanded to include repeat homes buyers with a $6,500 credit, we’ll have even more time to stabilize a recovering market.

The time to start looking for your next home is now–it could be just around the corner or in the next town over. Spend your winter months planning and investigating the housing market in your target area. Some investors and single-family purchasers are looking into buying foreclosed properties as a way to plan for the future and see their investments increase over the next decade.

A recent Move.com homeownership survey released this month shows that the number of consumers interested in investigating in real estate has doubled since March 2009. And, affordability and foreclosures are the top reasons why buyers are making home purchases.

Potential foreclosure buyers expect to pay 20 percent or less than market price for a foreclosure and 57 percent of these buyers will live in the property. Foreclosures are a very unfortunate consequence of the economy meltdown we experienced, but buyers can give new life to foreclosed homes and help enhance the neighborhood living experience.

Calendar of Events - January

2009-12-29T15:34:00.000-06:00

Friday, January 1
21st Annual New Year’s Day KATY Trail Ride 11 a.m.
Defiance, MO
Sponsored by Trailnet. An enthusiastic group of bicyclists have started each New Year with a bike ride on the KATY Trail. Join them this year for the 21st Annual New Year’s Day KATY Trail Ride. The group will leave from the KATY Trailhead in Defiance at 11:00 am and ride to Augusta (7 miles). They will stop for lunch upon their return to Defiance, depending on restaurant availability. Please dress in layers and wear a helmet.

Sunday, January 3
St. Louis’ Best Bridal Show
St. Charles Convention Center
Noon-4 p.m.
The bridal fashion show features elegant and popular wedding dresses, gifts, appetizers, drinks, music and wedding planners.
$5
For more information, go to http://shows.stlouisbestbridal.com/ or call 314-744-5777

Saturday, January 9-Sunday, January 31
Eagle Days
Various locations
Events include live eagle programs, activities, exhibits, video, guides with spotting scopes and refreshments.
For details go to the Missouri Department of Conservation and download the Eagle Days brochure, or call 573/751-4115 ext. 3289

Saturday, January 9-10
Snowflake Making
The Magic House, Kirkwood, MO
Saturday, 10:00-5:00 Workshop Sunday, 11:30-5:00 Workshop
Let it snow with artist Marion Nichols as she shares the unique art of cutting paper into intricate snowflakes. Join the blizzard of activity in the museum’s Expericenter to discover how to snip fantastic flakes of your own designs. A former preschool art teacher, Marion Nichols is renowned for transforming ordinary sheets of paper into delicate snowflake patterns, and is the author of several books on the subject.
Info at the Magic House or call 314-822-8900

Friday, January 15-Sunday, January 17
St. Charles Boat Show, Sale and Fisherman’s Expo
St. Charles Convention Center
Friday, 1-9 p.m.; Saturday, 10 a.m.-8 p.m.; Sunday, 10 a.m.-4 p.m.
Boat dealers showcase their new, non-current and pre-owned boats, plus all things fishing, including tackle, rods, reels, boating accessories. Family fun for young anglers, seminars and speakers, and boating safety by the U.S. Coast Guard Auxiliary.
Regular Admission - $6.00 / Ages 6-15 $3.00. 5 & Under Free
On Friday, seniors age 60 and above admitted for $3.50
Info at http://www.letsgoshows.com/

Saturday January 23
Winter Wildlife Tracking-Learn from the experts
St. Charles Park District
Pottawatomie Community Center, 8 North Ave.
9 a.m.-noon
You’ll never look at “bare” ground again after this tracking class taught by top experts in the field. Learn how to interpret tracks, tail patterns and scat to identify wildlife. Begin with an interactive indoor class with overview of local fauna and tracking techniques, the outdoors to practice what you’ve learned.
Ages 18 and over. To register, call 630-513-6200.
$10

Saturday, January 30
Fete De Glace (Festival of Ice)
100-200 block of North Main
Watch professional ice carvers bring the art to life in a competition using chain saws, power grinders, sanders, cold chisels, hand saws, and irons from 10am-3pm. This competition is judged and juried by the crowd. Coffee and hot chocolate will be available and nearby fire pits to warm up.
Free

January 31-February 28
The Big Read National Endowment for the Arts
The Big Read is designed to revitalize the role of reading in American public culture.
Foundry Art Centre, 520 N. Main Street
The book chosen for participation is The Adventures of Tom Sawyer by Mark Twain. The Foundry Art Centre and the St. Charles Community College Library sponsor the Big Read in St. Charles City/County and bring the community the power of literature.
For more info call 636-255-0270

$35 million economic development package passed at MHDC

2009-12-18T14:16:00.002-06:00

As Chair of the Missouri Housing Development Commission, I am very excited to announce that moments ago we passed a $35 million economic development initiative. This initiative, first unveiled by Governor Jay Nixon and myself on November 24, will provide property tax relief to thousands of qualified middle- and low-income Missouri homebuyers, create and protect potentially thousands of good-paying jobs and help improve energy-efficiency in Missouri housing.

The $35 million package was approved at today's MHDC meeting, which was webcast live for the first time ever in an effort to bring increased transparency to the housing agency. The package provides:

$15 million to pay the first year of property taxes for qualified homebuyers who purchase a new or existing home after January 1, 2010. This has the opportunity to help between 9,000 and 11,000 Missouri families making less than $100,000 a year.
$15 million to finance and begin construction on affordable multi-family housing. This will create and save thousands of jobs at a time when Missouri unemployment is over 9% and allow us to continue to make quality affordable housing available to all Missourians.
$5 million in assistance to qualified homebuyers to help with down payments and closing costs. This helps potential homebuyers overcome the obstacle of coming up with enough cash for a down payment and closing costs. MHDC has been a national leader on this front.
Additional assistance to homebuyers who purchase an energy-efficient home or purchase energy-saving appliances. This is an opportunity to raise energy-efficiency standards in Missouri, making a positive impact on both the economy and the environment. It's a win-win.

This economic development package provides property tax relief to thousands of Missourians at a crucial time in our economy without spending Missouri tax dollars. This will be paid for entirely out of MHDC's reserve fund and federal recovery funds already in our possession. This comes in addition to more than $100 million in recovery funds and more than $19 million in reserves already allocated to boost Missouri's economy and put Missourians back to work.
My goal as Chair is to ensure MHDC is playing a pivotal role in Missouri's economic recovery and I believe we are doing that. The agency already offers competitive interest rates on home loans for qualified borrowers and a cash assistance loan plan for first-time homebuyers to help with down payments and closing costs. MHDC has also been a national leader in allowing Missourians to use the $8,000 federal first-time homebuyer tax credit up front for a down payment or closing costs. This program has been a success and will continue until at least April of 2010.

At a time when economic resources are scarce, it is important for you to know that I am constantly looking for new and innovative ways to get our economy moving again as well as ways to better marshal the tools and resources that are available.

One of those tools is the Missouri Linked Deposit Program, which provides low-interest loans to qualified small businesses and family farms. On November 23, I announced the largest-ever small business loan issued through the program. A small agricultural company in Marshall qualified for a $3.4 million loan, which will save the business more than $300,000 over five years compared to the cost of a regular loan. In addition, the loan will allow the company to add jobs and expand its customer base.

Thanks to changes made earlier this year to the Missouri Linked Deposit Program through my Invest in Missouri legislation, I am able to issue these kinds of loans to more small businesses with less turnaround time, allowing them to receive much-needed capital quickly.
Again, this costs Missouri taxpayers nothing. The Missouri Linked Deposit Program allows us to invest right here in Missouri to help small businesses that need it the most and who are playing a pivotal role in our economic recovery.

We have about $200 million in loans already out to small business throughout Missouri and we still have another $520 million available. To find out more about the Missouri Linked Deposit Program, click here.

Regards,

Clint Zweifel
Missouri State Treasurer

Property tax credit will help stimulate more home sales in 2010

2009-12-17T22:21:00.000-06:00

A proposal before the Missouri Housing Development Commission would credit up to $1,250 in property taxes for qualified buyers.

Buying a home in Missouri in 2010 looks to include even more incentives for people to enter the housing market. The Missouri Housing Development Commission (MHDC) is considering a proposal to provide up to $1,250 in property tax breaks for qualified buyers. This, on top of the extended first-time buyer $8,000 tax credit and $6,500 for repeat buyers, sets up next year as one of economic stimulation for Missouri.

The property tax break is supported by Gov. Jay Nixon and State Treasurer Clint Zweifel, the MHDC chairperson. This $15 million proposal would be funded from the Commission’s reserve fund. An estimated 9,000-11,000 households could benefit. Show your environmentally friendly side and the commission will provide an extra $500 if the house is energy-efficient or if the buyer can begin energy efficient steps within 60 days of closing. This perk includes improvements like insulation, energy star rated appliances, efficient water heaters and windows.

Income limits do apply, ranging from $58,300 to $98,560.

The big day is Friday, December 18, when commission members vote on the proposal. Because of all these incentives, those thinking about buying a home next year need to set up a planning schedule and begin sprucing up your house for sale. The first step is to analyze your finances, work on getting as big a down payment as possible, and check that credit score. There may be reports on your score that are wrong or fraudulent, reducing your score and the size of loan. By checking now you’ll avoid problems when you are ready to buy.

And, investigate the MHDC to see if you qualify for more assistance. The Commission administers any number of housing programs, from purchasing a home with a First Place loan, assistance for veterans, buying property in disaster areas and home repair grants. Help is out there for homebuyers to realize property ownership.

Written by Myra Vandersall

IRS Sets New Rules for Tax Credit

2009-12-13T22:14:00.000-06:00

Daily Real Estate News | December 7, 2009 |

IRS Sets New Rules for Tax Credit
The IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property.

When a home-owning parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS says that under some circumstances, the first-time home buyer can qualify for the whole amount.

The IRS says the parent doesn't qualify for any portion of the credit, but if the child hasn't owned a home during the three years preceding the current purchase and can qualify based on income, he or she can be allocated the entire $8,000 credit.

When unmarried individuals co-purchase a home and only one of them is eligible for the credit, then the full $8,000 can be allocated to the eligible buyer.

Source: Washington Post Writers Group, Kenneth R. Harney (12/04/2009)

Holiday Light Display

2009-12-11T01:37:00.000-06:00

Holiday light displays make the season bright and glitzy
St. Charles County is one of the most lighted up communities during the holidays. Add the traditional lights in St. Louis, and families can see stars every evening. Here are a few to enjoy.

O’Fallon
Celebration of Lights, Fort Zumwalt Park
Through December 30 (closed December 24 and 25)
This drive-through holiday light display held at Fort Zumwalt Park. Each scene is designed and funded by local organizations, churches and businesses. Started in 1991, the event attracts more than 8,000 vehicles each year and more than 5,000 individuals on walk-through night.
Sunday, Tuesday - Thursday 6:30 - 9:00 p.m.
Friday and Saturday 6:30 - 10:00 p.m.
$9/ vehicle - $15/large (15 passenger) van - $1 per person/ bus ($25 min.)
Tuesdays - $7 for cars, vans and non-commercial vehicles
$1 off any regular admission with canned food or toy donation (not valid on Tuesdays)
Closed to vehicle traffic on Mondays for train rides by advance reservation only To make a train reservation, call 636-379-5502.

Carriage rides are available too with advanced reservations. Call Carousel Farms and Carriage Company at 636-390-4403.

Sleigh rides are another way of seeing the lights. Reservations are a must. Call 636-379-5502.

After enjoying the Celebration of Lights, save your program! Presenting your program at participating O'Fallon businesses qualifies you for great discounts. For detailed information, go the Celebration of Lights website.

Wentzville
Holiday Night Lights
Rotary Park, Foristell
Through December 27
6:00 to 10:00 p.m.
Price: $8 per car or $1 per person per bus or van over 7 people
The City of Wentzville Parks & Recreation Department will present the 13th Annual Holiday Night Lights at Rotary Park. This one-mile drive-through display features more that 36 themed lighted displays and 500,000 lights. For detailed information go to the City of Wentzville’s website or call 636-332-9236.

Alton
Christmas Wonderland
Rock Spring Park on College Avenue, off Washington Avenue
Through December 27
Monday-Friday, 6-9 p.m.
Saturday-Sunday, 5-9 p.m.
Price-$7 for cars and small vans
$1 per person for 10+ passenger vehicles
Hear the sleigh bells jingle and see three million lights twinkle amongst a beautiful backdrop at Rock Spring Park's Christmas Wonderland. Visitors can turn off their headlights and let the holiday displays carry them through the magical scene. Or, make the night even more memorable with a horse drawn carriage ride through the park. Carriage rides are first-come, first-served on Saturdays and Sundays. Other evenings may be possible upon request. For carriage ride reservations, call Greatting Horse Farm at 618-458-6986.
For more information about the event, call 866-465-7890 or go to visitalton.com.

St. Louis County
Winter Wonderland
Tilles Park
9551 Litzsinger Road, St. Louis Price-$9.00 Family vehicle; $10.00 Limousine; $30.00 Commercial transport van; $75.00 tour bus
Through January 3 (Closed Christmas Eve and New Year’s Eve)
5:30-9:30 p.m.
Saturdays are closed to vehicular traffic and reserved for carriage rides.
St. Louis County Parks is celebrating our 24th year of Winter Wonderland! Winter Wonderland is created and designed by St. Louis County Parks employees. We hope you enjoy your drive through Winter Wonderland.

Horse drawn carriage rides are available every night except Christmas Eve and New Year’s Eve. Advanced reservations are required for all carriage rides and ticket prices vary depending on type of carriage and number in party.
Purchase tickets online at MetroTix.

St. Louis
Wild Lights: St. Louis Zoo in Forest Park
December 11-13, 18-23, 26-30 5:30 to 8:30 p.m.
Price-$4 for Zoo Friends members (no passes)
$5 for general public
Free for children under two
Stroll through the Saint Louis Zoo's enchanting holiday wonderland and enjoy hundreds of thousands of colorful lights, animated light displays and seasonal sounds, including penguins in paradise, flamingo lagoon and butterfly garden, shooting stars and a gingerbread village. For more information, go to stlzoo.org or call 314-781-0900.

  St. Louis City
Anheuser-Busch Brewery Christmas Lights Display 
Through January 2
Location: Anheuser-Busch Brewery
After sunset
Free The display features over 800,000 lights that adorn a magnificent tree, the Bevo Plant, Pestalozzi Street and surrounding landscape of the nation's largest brewery. Light-tour lovers can drive or stroll on Broadway, Lynch, Arsenal, and 12th to admire the spectacular sparkle of the Christmas spirit.
For more information call: 314-577-2000

Do you know of a Light Display in the area? Please share in our comment box!

Looking forward to 2010

2009-12-08T11:03:00.001-06:00

Hello Family and Friends!

As another year comes quickly to a close we wanted to take this opportunity to express a heartfelt THANK YOU!!!

Through your confidence in us as experts in real estate, we have had the privilege to help over 50 families buy and sell their homes this year! We consider ourselves so lucky to be involved in such and important part of your life. You inspire us to continually hone our skills and share our talents in an area that grows more and more complex every year. Motivating us to grow our services and expand our team and partners.

THANK YOU FOR CHOOSING US TO: get your home sold, help you with short sales and foreclosures, purchase/sell investment property, take advantage of the tax credit and buy your first home, move up to a bigger family-sized home, negotiate your contracts and navigate your inspections!

It has been so fulfilling for our team to watch so many of you take advantage of our knowledge of the helpful tax credit and become home owners! The Grant Hickman Team is rocking and rolling, and again, we have you to thank for it! May you, your family and friends end 2009 on an awesome note and enjoy great happiness in 2010!

THANK YOU from The Grant Hickman Team,
Grant Hickman
Lori Linhoff
Cary Knobbe

SMART MOVES SINCE 1975
One Point West Blvd., St. Charles, MO 63301

First Time Homebuyer Tax Credit Extended

2009-12-08T10:32:00.001-06:00

First Time Homebuyer Tax Credit Extended Into 2010!
Plus...A New Tax Credit for Certain Existing Home Owners!

It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.

In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.

So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.

Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Deadlines
In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

Higher Income Caps in Effect
The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price
Qualifying buyers may purchase a property with a maximum sales price of $800,000.

First-Time Homebuyer Tax Credit - Frequently Asked Questions
Here are answers to some commonly asked questions about the tax credit.

What is a tax credit?
A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual's primary residence.

What is the tax credit for first-time homebuyers (FTHBs)?
An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.

Who is eligible for the FTHB tax credit?
Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible. This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.

As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.

How do I claim the credit?
For those taking advantage of the tax credit in 2009, you may choose to either apply for the credit with your 2009 tax return or you may apply for the credit sooner by filing an amended 2008 tax return with Form 5405 (http://www.irs.gov/pub/irs-pdf/f5405.pdf).

Can you claim the tax credit in advance of purchasing a property?
No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.

Can a taxpayer claim a credit if the property is purchased from a seller with seller financing and the seller retains title to the property?
Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Examples of this would include a land contract, contract for deed, etc. According to the IRS, factors that would demonstrate the ownership of the property would include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

Are there other restrictions to taking the credit?
Yes. According to the IRS, if any of the following describe your situation, a credit would not be due.

You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
You do not use the home as your principal residence.
You sell your home before the end of the year.
You are a nonresident alien.
You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2006, through July 1, 2009.

Can you buy a home from a step-relative and be eligible for the credit?
Yes. Provided the person you are buying a home from is not a direct blood relative, the purchase would be allowed.

Can parent(s) who will not live in the property cosign for a mortgage for their child and the child that is a qualifying FTHB still be eligible for the credit?
Yes.

Can a separated spouse who has not owned a home for four years qualify for the FTHB tax credit if the spouse has owned a property anytime in the last three years?
No. However, the spouse may be eligible for the repeat buyer credit. The best path to take in any situation regarding income taxes is to speak with a professional tax preparer or CPA.

If you have any questions that fall outside the situations here, give me a call and if you do not have an accountant to speak with, I can refer you to one.

Your Real Estate Expert,

Grant M. Hickman GRI, ABR, e-Pro

#1 SCHNEIDER Home Buying & Selling Team

Direct: (314) 265-1531

Spotlight on ROI Realty Partners

2009-12-08T10:24:00.003-06:00

Q: Please introduce yourself?

A: Adam Glosier

Q: What is the name of your business?

A: ROI Realty Partners, Inc.

Q: How can someone contact you to learn more?

A: (314)598-2357 or aglosier@roirp.com

Q: Where is your business located?

A: 2850 West Clay, Suite 220 in St. Charles, MO 63301

B: 101 West Vandalia, Suite 305G in Edwardsville, IL 62025

Q: Briefly describe what you/business does?

A: We specialize in helping Landlords / Owners & Tenants / Buyers with all of their commercial real estate needs. From Lease and / or Sale negotiations to renewing existing Leases. There are tremendous opportunities in the commercial real estate market today and with the right agent working for you, there can be some real money to be made. A recession is a terrible thing to waste.

Q: How many years have you been in business?

A: 3

Q: Do you have a Website Address?

A: www.roirp.com - currently under construction

Q: What is your burning desire?

A: To travel the world guilt free.

Q: What's something not many people know about you?

A: That I am on a Sega video game, NCAA Basketball 1999.

Stop Missouri Double Taxation on real estate and say Yes to a new constitutional amendment and log on to YesToSaveHomes.com.

2009-12-08T10:01:00.000-06:00

Let’s stop Missouri politicians from penalizing homeowners and buyers

Missouri is one of 13 states that does not levy a transfer tax on home sales, and a coalition of property owners, businesses and the Missouri Association of REALTORS™ want to keep it that way.

The group sees transfer taxes as double taxation because Missourians already pay property taxes on real estate. A petition drive and a website have been created to help homeowners and potential buyers reach lawmakers who have the power to levy such a tax.

To place a state constitutional amendment on the November 2010 ballot to prohibit Missouri lawmakers from passing the tax initiative, the group needs more than 157,000 valid signatures. To make voters more aware of this issue, a new website, www.YesToSaveHomes.com is now online to help consumers learn more about the tax, calculate the tax based on the home’s sale price, and get involved.

Here’s the simple and straightforward proposal: “Shall the Missouri Constitution be amended to prevent the state, counties and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate?”

As an example, here’s a calculation on a St. Charles County home sale. The home sold for $150,000 and at the St. Charles County taxation rate of 7.0750%, the amount would be an additional $10,612.50.* Jane Mendenhall, president-elect of the Missouri Association of Realtors, believes the transfer tax places undue stress on low-income Missourians who typically spend a larger percentage of income on their home.

Add the mix of Missourians who have lost their jobs, had pay cuts and have been forced to sell their homes or experienced a drop in property values, and the transfer tax just isn’t good for the recovering Missouri economy.

Legislators are looking around to fine new sources of revenue. The transfer tax is one of those sources politicians are eyeing. With the help of voters and homebuyers, the transfer tax will not be an additional burden on Missouri residents.

* This number is based on area percentages.

Written by Myra Vandersall

Your holiday cheer doesen't have to go up in smoke

2009-12-07T09:01:00.000-06:00

Careful preparations and common sense will make this season a fire-free, happy holiday for your family.

Keeping your family safe during the holidays is top priority so that all can enjoy the lights, the glitter and the sights of the season. Seasonal fires claim more than 400 lives, 1,650 injured and more than $990 million in property damage.

Here are some simple tips that don’t take much time but will make your family fun last.

Make a plan. You should do this anyway, so sit down as a family and discuss who is in charge of what should you have to evacuate the house. Using a floor plan, identify two ways out of each room and agree on a place to meet once you have evacuated. The National Fire Protection Association has a great floor plan to download that you can customize for your home.
Choose a tree. Choose a tree that is fresh and green. Branches should be hard to pull back and the needles will not shed. Test for a sticky trunk and always have the tree lot person make a fresh cut at the bottom of the trunk. Trees are very thirsty.
Water your tree. A tree will absorb as much as a gallon of water or more in the 24 hours after it is cut, and one or more quarts every day after. Maintaining a steady water level prevents the needles from drying out and dropping off and the boughs from drooping. Water will also keep the tree fragrant. Do not allow the water pan to empty or go below the tree base.
Let there be lights. Part of the Christmas tradition is all glitter and lights. Don’t try to skimp by with old, frayed light strings or broken sockets. Should these catch on fire, you’ll be spending more than you could ever believe. LED lights are in now and use 90% less electricity than regular Christmas lights, reducing your impact on the environment. Up front, these lights are more expensive but over a period of years, they more than pay for themselves.
Plug ‘em in. Overloading a wall outlet is not a good idea. Purchase some surge protectors and plug your strands of lights in there first, and the surge protector into the wall. Turn the lights off when you retire for the night.
Candle light. The glow of candle light makes the holiday warm, but candles should be attended at all times and not left burning if you leave the house. Fireplaces are the same, and refrain from burning wrapping paper in the fireplace. Sparks could ignite and fly on to flammable materials.
DO have a wonderful holiday season. With just a few precautions, your family will be safe, happy and warm.

Written by Myra Vandersall

QuickBooks help

2009-12-02T14:06:00.001-06:00

Joan Campbell with J Campbell CPA, has been a Certified Pro Advisor for more than 20 years. She can help get your personal or business books set-up correctly, or prepare your payroll, make sure you are tax compliant. So you don't have to crunch numbers all day.

Call The Grant Hickman Team @ (314) 558-9225 for Expert Advice!