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Sealing the Deal During the Closing Process

by Jane Fischer and Associates

10 Reasons to Work with a Real Estate Agent!

by Jane Fischer and Associates

In today’s blog post, we are going to discuss the top reasons why you should hire a real estate agent. Buying a home is an important financial decision. You want to make sure that you are making the best choices throughout the process and are well informed. While some buyers choose to forego using a realtor when buying a new home, it is in your best interest to work with a professional in the field. They are there to help you in every way that they can. Here are 10 reasons why you should work with the Top Realtor Mason City IA to buy your dream home in Mason City IA!


1. Knowledge & Experience. Buying a home is a lot more than just finding the right property and signing the contract. There are a lot of technical aspects involved. Although you could try to make yourself more knowledagable about the process (which is still not a bad idea), why not hire some one you has dedicated their education and experience to understanding the industry and specifics of the field.

 

2. Filter. There is a lot of information out there. Some of it is valid and some of it is spam. An agent will work with you to help understand your wants and needs and can filter out all of those properties that do not fit within them. This saves you time and frustration.

 

3. Local Knowledge. Realtors are especially knowledgable about the specifics of a local area. They understand the market in ways that individuals not working in the field cannot. They can help you determine what neighborhoods are best for you, what asking prices make sense, and so much more.

 

4. Guidance. An agent is truly there to put your best interests first. They will always help guide you towards choices, particularly those related to pricing, that make sense for you and will help you with negotiations.

 

5. Market Conditions. Realtors understand sale prices, days on market, square footage, and all of the aspects that go into how to craft a winning offer for a home.

 

6. Networking. Realtors have an extensive network of professionals that work in services related to buying a home. They can help give you recommendations for providers to work with that they know you can trust.

 

7. Negotiation. Realtors are top negotiators. They have honed the craft over many years. Since they are able to remove themselves emotionally from the transaction in ways that a buyer personally cannot, you are more likely to have a negotiation that truly works for you.

 

8. Paperwork. There is a lot of paperwork that goes into purchasing a home. It will cost you a lot of time to manage yourself and the technicalities within those documents can easily be lost to the untrained eye. It is part of the realtor's job to handle this paperwork and eliminate the hassle for you.

 

9. Questions. A realtor is always there to answer any questions who have, regardless of which step you are in during the process. Even after you close on a house, your realtor will be there to help you deal with any confusion you might have moving forward.

 

10. Mutually Beneficial. Realtors garner business through positive referrals. Due to this, it is always beneficial for them to ensure that you are satisfied and happy with the outcome of your dealings with them. They will help keep you informed and will be there for you in the future should you enter the market again.

 


We hope this blog gave you a some helpful information on why you should work with a realtor! If you are ready to buy your dream home in North Iowa, search our Homes for Sale. Give our experienced Team a call today at 641-425-4900 or visit our website at http://www.janefischer.com/.

 

Steps to Crafting an Winning Offer!

by Jane Fischer and Associates

In today’s blog post, we are going to discuss the steps in crafting an offer. The most important part of the home Buying process is crafting your offer. Being prepared for this process and well informed can help ensure that the dream home you find will be yours. Since this is the most technical part of buying, working with the Top Realtor Mason City IA can help ease your stress and help you get the best deal possible. Here is our step to step guide to offers for you to make a successful bid on your future home in Mason City IA!


1. Determine your limits. This includes your financial and lifestyle limits (i.e. your must haves). Once you know your limits, you can work with your agent on crafting an offer that is best for you.


2. Understand the documentation. Do some research ahead of time on offer forms so that you can understand the terminology. Ask your realtor to see some of the forms and ask any questions that you might have.


3. Set your price. The listing price is what the seller is opening the negotiation with. It is now your turn to provide an offer price. Work with your realtor to determine whether the asking price is fair based on comparable properties, how long it has been on the market, and other related factors. You want to make sure that you provide an offer price that is comfortably within your range and will also be attractive to the seller.


4. Prepare for your down payment. You should have a clear understanding of your finances before putting in an offer for the home. In order to get your mortgage, you will need to put in a down payment. While 20% is the standard for conventional loans, there are other options out there. Work with your lender to determine the option that work best with your finances.

 

5. Make an EMD. Consider making an earnest money deposit to show the seller you are serious about buying the home. Doing this can help you stand apart if the seller has received other offers. If the deal goes through, the money from the EMD will be applied to your down payment during closing.

 

6. Review contingencies. As a buyer, contingencies are especially important in protecting your investment. There are several contingencies that you might find within an offer, including home inspection, financing, appraisal, clear title, and home sale. Talk to your realtor about which ones need to be included. If there is a lot of competition for the home you are interested in, you might want to only include those contingencies you must have as to not scare the seller away.

 

7. Read all the details. It is important that you read every single detail, including the fine print, of a sales contract to avoid any surprises. Along with the obvious information included in these contracts, there is a property description section where the seller will specificy what items are being left behind with the house.

 

8. Set your settlement date. When you submit your sales contract, you will provide the seller with a proposed settlement date. This is how much time you have to obtain mortgage approval and complete a title search. It also gives the seller time to find their next property and move. Be flexible when you set the closing date to keep both you and the seller happy.

 

9. Write a letter. Along with the legal documentation, consider including a personal letter to the seller. You can com[;oment them on their property and tell them why you personally have fallen in love with it. Adding a personal, emotional touch to your offer can really help set you apart.

 

10. Be ready for a counter offer. Most real estate deals require some negotiation so do not be surprised or discouraged if the seller counters your offer. The preparation you did ahead of time and your relationship with your realtor can help you navigate this process with confidence.



We hope this blog gave you a some helpful information on the steps of making an offer! If you are ready to buy your dream home in North Iowa, search our Homes for Sale. Give our experienced Team a call today at 641-425-4900 or visit our website at http://www.janefischer.com/.

Tips for Home Buying and Selling this Spring!

by Jane Fischer and Associates

In today’s blog post, we are going to discuss tips for buying and selling your home this spring. As the temperatures heat up so does the housing market! Spring has always been known as the busiest season for real estate. Whether you are looking to buy or sell your Mason City IA home this time of year, there are a couple of things you should do to prepare. The market is going to heat up quickly so it is best to get started today! Follow these 5 Tips for Spring Home Buyers and 5 Tips for Spring Home Sellers to have the most success this season!

 

Buyers Tips

  1. Stay flexible. Use our Wants vs. Needs Checklist to help you determine what amenities and features you must have in your new home and what you are willing to sacrifice. Homes are going to move fast so it is best to focus on the essentials. Always have a Plan B and prepare yourself for potential deals that fall through.

  2. Budget realistically. Set your budget ahead of time and stick with it. Examine your own individual finances and how you spend your money in order to determine what you can actually afford. This will assist you before you meet with a lender and will also help you narrow your home search down to just those properties within your budgeted range.

  3. Set up financing early. Use our handy Loan Analysis Tool to help you start looking for available loans. Meet with several different lenders ahead of time so that you can receive competitive offers and find the best mortgage for you. Getting pre-approval for a loan before starting your search can help you stand out from the other buyers in the market since it shows sellers that you are serious and financially ready to buy.

  4. Work with a top agent. A real estate agent with a winning record can greatly help you throughout the home buying process. They are experts in the local market and well versed in negotiation skills. For your North Iowa home buying needs, work with Jane Fischer & Associates Real Estate Consultants. For 20+ years, we have dedicated ourselves to helping buyers find and move into their dream homes throughout our beautiful communities.

  5. Keep communication open. Your realtor is your main ally throughout the buying process. Stay in frequent communication with them throughout the process. Let them know whether you prefer to be contacted by phone or email so that communication lines stay open.

Sellers Tips

  1. Start today. Find out Your Home's Value so that you can price it correctly for the market. And, then prep your house for selling! Make sure you put the necessary time into your home in order to sell it quickly and for top dollar once it is listed.

  2. Work with Experienced Agent. Although you might want to sell your home on your own, research has shown that sellers receive more money and sell their home quicker by working with a realtor from the very beginning of the selling process.

  3. Think about your online presence. Most home buyers start their home search online. Help insure that your home stands apart from the competition by having a strong online listing. Talk to your realtor about video or drone footage as well as professional photos in order to determine what is the best course of action for your listing.

  4. Consider home improvements. While the thought of putting more money into the home you are leaving might seem silly, sellers usually receive higher than list value prices by making improvements before selling. There are many improvements that can be a worthwhile and offer you a great return on investment. Sign up for our Total Access for some great improvement ideas.

  5. Try, try again. There will be competition from other sellers out there this spring. Do not get discouraged if your home sits on the market for a few weeks or a deal falls through. Continue to work with your realtor to figure out the best option for you to be successful this spring.

We hope this blog gave you a some helpful tips for buying and selling this spring! If you are ready to enter the housing market this season, work with the Top Realtor Mason City IA! We can help you find the perfect property to fit your needs within the North Iowa Homes for Sale and/or help sell your home for top dollar! Give our experienced Team a call today at 641-425-4900 or visit our website at http://www.janefischer.com/.

 

What to Know About Contingency Offers

by Jane Fischer and Associates

In today’s blog post we are going to discuss contingency offers. During your search for a new home, you find that many have Contingent Offer statuses. It is important to understand what these are and whether or not you want to proceed with that particular property. Contingent offers are standard in real estate contracts. They mean that once an offer has been made by the buyer and accepted by the seller, the final sale is contingent upon a set of criteria. There are 3 major contingencies you will find: Home Inspection, Appraisal, and Mortgage. These contingencies allow the buyer to back out of the sale within a certain amount of time and regain their deposit if something goes wrong.


 

HOME INSPECTION CONTINGENCY

The one contingency that you almost always want to have is the home inspection contingency. This gives the buyer the right to have the home professionally inspected before the deal is finalized. A good inspection will find anything wrong with the house. When an issue is found, the buyer can ask the seller to fix it or back out of the sale.

 

APPRAISAL CONTINGENCY

The appraisal contingency means that the lender will hire a third party to evaluate the fair market value of the home. If the appraised value comes in less than the sale price, the buyer can back out of the deal. This helps protect the buyer from overpaying for a home. Here is an example. A home is selling for $250,000. Your loan covers 90% and you need to put down 10% upfront. The home is appraised for $215,000. The loan will now be for $193,500, covering 90% of the appraised value. This means instead of paying a down payment of $25,000 you now are expected to pay $56,500. If the seller will not lower the price based on the appraised value, the buyer can walk away and get their deposit back. In a market with a lot of competition, buyers might want to waive this contingency to be more appealing to the seller. However, realize that waiving this can be a risky move. You can always ask for a second appraisal and present the lender with evidence as to why the home is worth more. This might enable you to secure a loan for the full amount.

 

MORTGAGE CONTINGENCY

The mortgage contingency protects both the buyer and seller by ensuring that the proper finances are in place before getting into a sale. This contingency gives the buyer a certain period of time to obtain a loan that covers the mortgage. If a loan cannot be secured, the buyer can exit the sale with their deposit. This contingency can be easily avoided by knowing that you qualify as soon as you start the home buying process. Use our Loan Analysis tool to help find out what you can afford.

 

We hope this blog gave you a some helpful insights into contingency offers. However, we realize that you might still have some more questions. For more Home Buying Tips, give our experienced Team a call, visit our website, or check out our Facebook Page. We are here to help if you're considering Buying, Selling, or Investing in Real Estate in the North Iowa. Contact us today at 641-425-4900 or http://www.janefischer.com/.


 

Tips For Being A Successful Home Buyer!

by Jane Fischer and Associates

Home Buying in North IowaIn today’s blog post we are going to discuss tips for home buying success. Deciding to buy a new home is an exciting venture. And, there is no better place to buy than in North Iowa! Although January is not considered a hot real estate month, buyers can use the timing to their advantage. Less competition from other buyers and the potential for higher savings from sellers eager to close can help you be in your dream home before you know it. Ensure success during your own buying process! Look through the current Home Listings so we can help you begin your exciting journey, and follow these useful tips for being a successful home buyer!

 

WORK WITH AN EXPERIENCED AGENT.

Ensure buying success by teaming up with an experienced real estate agent. You will eliminate a majority of time and stress that can come with house hunting and buying by having someone else in your corner! Jane Fischer and Associates Team is here to help you every step of the way! We understand the North Iowa housing market, know what is currently available to fit your personal housing needs, and can negotiate the best deal for your new home! Learn more About Us in terms of our years of experience and our commitment to serving you!

 

GET PREAPPROVAL FROM A LENDER.

Let sellers know that you are serious about buying by getting preapproval for a loan from a reputable lender. Having this information ready to present to the seller ensures them that you can afford their home. Learn the important steps of Obtaining a Mortgage. The initial step of preapproval is easy to get out of the way from the very beginning if you have a high credit score and savings.

 

BE DECISIVE.

We understand that buying a home is a major life decision. This can lead to overthinking the process, though. Know exactly what you are looking for from the very start. Prioritize the important factors, such as location, type, and price. Start your house hunting with a clear understanding of exactly what you need in a new home. Once you find a home that meets all of these needs, make an offer! While you should be diligient in your decision making, do not allow over analyzing to get in the way of making an offer. If you wait too long, you risk the chance of losing your dream home!

 

MAKE A STRONG OFFER.

Always begin with a strong opening offer. In your initial planning stages, you should have set a budget for yourself and know the maximum that you are willing to pay for a home. We all always want to get the best deal possible but be respectiful of the needs of the seller as well. If you offer a price that is too low, you could miss out on your dream home. Ask your realtor for advice based on other homes on the market. Determine an opening offer that you care comfortable with and that will be appealing to the seller.

 

PREPARE FOR A BIDDING WAR.

A bidding war between you and the seller is an added stress. However, do not go into the process with the mindset that you want to avoid this process at all cost. It could mean missing out on a great opportunity. Have a clear understanding of what you can afford and search for homes below your max budget. This will allow you more wiggle room should a bidding war ensue. Trust your realtor during the negotiation process as they are there to help you get the home for the best possible price.

 

MISTAKES ARE LEARNING OPPORTUNITIES.

Although we want to make sure you end up in the first home you fall in love with, realize that this might not always work out. If a deal falls through, use it as an opportunity to learn what went wrong with the transaction and avoid it for the next offer. There are so many incredible options in North Iowa that you will find another home to love...perhaps even more so! Just stay true to what you are looking for and let our team help you find it!


We hope this blog gave you a some helpful tips for becoming a succesful home buyer. However, we realize that you might still have some more questions. For more Home Buying Tips, give our experienced Team a call, visit our website, or check out our Facebook Page. We are here to help if you're considering Buying, Selling, or Investing in Real Estate in the North Iowa. Contact us today at 641-425-4900 or http://www.janefischer.com/.


Tips for Buying a Home with a Septic System

by Jane Fischer and Associates

Understanding where the waste from your home goes might be one of the least glamorous aspects of homeownership but it is of the utmost importance. Since many of the homes throughout North Iowa are located in rural areas, the homes have a septic system instead of a sewer line connection. A septic system works by collecting the waste water from a home’s kitchen and bathroom into a tank on the property. There are bacterias and compounds within the tank that help decompose the material and convert it into a harmless byproduct that can be eventually absorbed back into the ground. This is often a greener system than traditional sewer systems. Unfortunately, improperly maintained septic systems can lead to backups causing costly clean ups and dangerous contamination of the local soil. Buying a home with a septic system? Here is all the information you need to keep your septic system running properly for the health and comfort of you and your family!

 

Inspect the Septic System During the Home Inspection

Not all home inspectors have the right expertise when it comes to septic systems. If the home inspector you hire does not have experience in this area, hire a septic professional to inspect the systems operation as well as the land around it. This will ensure that it is already functioning properly and help you avoid any potential damage to your yard or, worse, your home!

 

Maintaining Your Home’s Septic System

You’ve ensured that the septic system is working properly upon buying your new home. Now, it’s time to make sure that you maintain it! Avoid putting any oils down your home’s drain and be sure to use a food disposal system to help prevent malfunctions and backups within the system. Add bacteria supplements to the tank by flashing a bacteria pack down the toilet based on the directions from the manufacturer. If your septic system has an electric pump, consider installing a backup battery and/or water level monitoring alarm for additional protection. All septic systems should be pumped out every 3 to 5 years, based on household usage, to help ensure continued functionality. In the unfortunate case that your system does backup, do not run any additional water into the drains, unless absolutely necessary, as this will just perpetuate the issue. Hire a professional septic system servicer to evaluate and repair the problem immediately.

 

 

Follow these helpful tips to keep the septic system within your new home operating properly! For more information regarding homes with septic systems in our area or for any other helpful homeowner tips, contact the Jane Fischer and Associates Team! We are here to help your through every step of the home buying process!  


 

Information from CinciNKYRealEstate.com

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Contact Information

Jane Fischer & Associates
Real Estate Consultants
119 2nd Street NW #2
Mason City IA 50401
Cell: 641-425-4900
Office: 641-424-HOME (4663)

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