Sunday, March 29, 2009
Jefferson City Real Estate Statistics - February 2009
Jefferson City Realtor / Multicultural Forum connection
In February I received recognition for service and support of the Jefferson City Multicultural Forum. The Jefferson City Multicultural Forum exists to foster understanding of and communication between races and cultures by: Promoting harmony; Welcoming diverse groups into the existing population; Encouraging acceptance and acknowledgement of our diversity; Working with individuals of all origins to develop capable, productive citizens; Providing information regarding multicultural issues; Facilitating networking opportunities with regard to multicultural issues; and, Educating employers and potential employees regarding hiring practices and opportunities for diverse populations. Everyone who decides to make their home in mid-Missouri deserves to feel at home. That is the ultimate goal of the Jefferson City Multicultural Forum. I am honored by this recognition, and happy to now be a part of the Board of Directors. Each year the Jefferson City Area Board of Realtors participates in the Forum's Fall Festival and have taken diversity training through the Forum. The Forum has also helped promote the Board of Realtors activities surrounding our "Diversity Awareness Month" and educating the public about fair housing. If you would like to learn more about the Forum and its many projects in the community, click here.
Jefferson City Realtors attend Capitol Conference
Friday, February 27, 2009
Stimulating the Housing Market
1. First Time Homebuyer Tax Credit.*
a. Maximum credit amount - $8,000
b. All principal residences eligible
c. First time homebuyer (3 year rule applies)
d. Program effective to December 1, 2009
e. No repayment of credit on homes purchased in 2009
*Other rules may apply. Consult a tax professional for full details.
2. Rural Housing Service
a. The bill provides an additional $500 million to existing USDA Rural Housing programs.
b. The RHS provides both a guaranteed loan program and a direct housing loan program for those meeting the program's eligibility criteria.
c. The direct loan program will receive $270 million while $230 million will be allocated for unsubsidized guaranteed loans. It has been reported that this level of funding would provide for an additional 192,000 homeowners.
3. Missouri incentives
Missouri is also looking to provide some stimulus to the housing market on its own. The Missouri Housing Development Commission has turned the existing federal tax credit program into a down-payment program, in which first-time homebuyers in Missouri can use up to 6 percent of the home purchase price, or a maximum of $6,750of the credit, toward a down payment on a home. For more information on this program visit the Missouri Housing Development Commission online at http://www.mhdc.com/ and click on Tax Credit Advance Loan Program for homebuyers.
4. Other provisions that could help housing markets and communities include:
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Service
Low Income-Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits & Grants
Broadband Deployment
Mortgage Loan Rates for Jefferson City Area
30 year --- 5.50%
20 year --- 5.375%
15 year --- 5.00%
10 year --- 5.00%
Rates subject to change at any timeProvided by Lynne Bateman, Mid America Bank, 573-896-4790 Rates quoted above are for qualified borrowers with a 95% loan-to-value (LTV) or less. Please call for rates on mortgage loans with 95.01%-97% LTV. Rates subject to change at any time without notice Credit scores may adversely affect quoted rates.
If you're thinking of selling or buying in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!
Monday, February 16, 2009
Linen Closet Bliss

Friday, February 6, 2009
Remodels hold value better than home prices
The recent Cost vs. Value Report showed that renovations on a nationwide basis held their value better than home prices did in 2008. According to the National Association of Realtors (NAR), home prices declined 7 percent in 2008, while the value of homeowners' investments in remodeling dropped only 2.8 percent in 2008.
During slow real estate cycles, many would-be sellers postpone their move and remodel instead. This makes sense as long as the projects are selected carefully for maximum return on the investment. It's important to avoid renovations that would overimprove the property for the neighborhood. Read more here....
February Home TIp
Monday, January 26, 2009
First Time Home Buyers Tax Credit

For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime. But like so many of the good things in life, time is of the essence for buyers who want to take advantage of this outstanding opportunity. Only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible. Click here for more info
Jefferson City Area Real Estate Sales Statistics
Current Month Statistics January 1-26, 2009
# New Listings - 108
# Under Contract Listings - 35
# Sold Listings - 20
Average Sales Price - $127,340
List-to-Sell Ratio - 95.5%
Year-to-Date Statistics January 1 - January 26, 2009
# New Listings - 108
# Sold Listings - 20
Average Sales Price - $127,340
List-to-Sell Ratio - 95.5%
Previous Year-to-Date Statistics January 1 - January 26, 2008
# New Listings - 147
# Sold Listings - 33
Average Sales Price - $136,238
List-to-Sell Ratio - 92.6%
The territorial jurisdiction of the Jefferson City Area Board of REALTORS®, Inc. includes Cole, Callaway, Moniteau, and Osage Counties. This representation is based in whole or part on data supplied by the Multiple Listing Service of the Jefferson City Area Board of REALTORS®, Inc. Neither the Board nor its MLS guarantees or is any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.
Friday, January 16, 2009
Did foreclosures really kill our economy? The numbers don't add up
Of those, 64,231,000, or 50%, are owned free and clear.If 1.2 million homes are in foreclosure at any point in time that would equate to less than 1% of all homes in the country or 1.9% of the 63,972,000 homes that have at least 1 loan on the property.
Then let's assume that each quarter 1.2 million homes go into foreclosure. That equates to less than 4% of all homes in the country (4.8 million homes) or 7.5% of homes with at least 1 loan on the property.
Are we really to believe that because 7.5 out of every 100 homes in the country went into foreclosure our economy was thrown into a recession, mutliple financial corporations were forced to shut down and the stock market tanked? Unless I'm severely off on my math the numbers just aren't adding up.
Thursday, January 15, 2009
Current Mortgage Loan Rates for Jefferson City
30 year --- 5.00%
20 year --- 4.875%
15 year --- 4.75%
10 year --- 4.75%
Rates subject to change at any timeProvided by Lynne Bateman, Mid America Bank, 573-896-4790 Rates quoted above are for qualified borrowers with a 95% loan-to-value (LTV) or less. Please call for rates on mortgage loans with 95.01%-97% LTV. Rates subject to change at any time without notice Credit scores may adversely affect quoted rates.
If you're thinking of selling or buying in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!
Winter Home Protection Tips

For instance, when did you last check pipes underneath your house?
Friday, December 5, 2008
Current Mortgage Loan Rates for Jefferson City
30 year 5.375%
20 year 5.25%
15 year 5.00%
10 year 5.00%
Rates subject to change at any time
Provided by Lynne Bateman, Mid America Bank, 573-896-4790 Rates quoted above are for qualified borrowers with a 95% loan-to-value (LTV) or less. Please call for rates on mortgage loans with 95.01%-97% LTV. Rates subject to change at any time without notice Credit scores may adversely affect quoted rates.
If you're thinking of selling or buying in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!
Have Yourself a Safe Little Christmas

Your plan should start with your tree. If its a natural Christmas tree, keep it away from heavy traffic it won't be bumped into. Make sure the tree is protected from heaters, stoves and fireplaces, and never use lighted candles to decorate a live or artificial tree. Read more ...
Online home listings don't tell whole story

Thursday, November 6, 2008
Tip of the Week

Purchase offers: How low is too low?

Termite Control

Tuesday, October 21, 2008
Tip of the Week

Do you want your appliance to work more efficiently? If it’s taking longer than usual to dry your clothes, it’s time to get your dryer vent cleaned out!
Sunday, October 12, 2008
REALTORS raise funds for Samaritan Center Utility Assistance Program

Tuesday, October 21 • 4:00 to 8:00 P.M.
Eagles, 1411 Missouri Blvd. ~ Tickets: ONLY $7.00
Pick up from your local REALTOR® or at the door.
Sponsored by the Jefferson City Area Board of REALTORS®
All proceeds benefit The Samaritan Center’s Utility Assistance Program. To further assist the Samaritan Center with their need for food, we will also be collecting non-perishable food items.
Wednesday, October 8, 2008
Two types of home are selling NOW!
Two types of homes are selling right now—houses that are great values and houses that are great. The key is to make your home both, edging out whatever competitors might be next door, in the same neighborhood or in the same community. Sellers can't change their property's location, but they do control condition and listing price. Read more...
If you're thinking of selling or buying real estate in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!”
10 Tips for Fall

By doing this, you are removing flammable liquid storage from your garage. At the same time, make sure you aren't storing dirty, oily rags in a pile. They can ignite spontaneously.
Soot and creosote, which build up inside the chimney, can ignite when a fire is lit in the fireplace.
Check glazing for loose or missing putty or glazing compound. Make sure weather stripping is not brittle and breaking. This will reduce heating costs as well as help reduce water damage to the windows and door frames.
Bird nests on top of light fixtures are a fire hazard. Bird nests in chimney flues can prevent a proper venting of combustion gases and can catch fire from sparks.
Cleaning debris and fallen leaves reduces the chances of an ice dam forming. One good step is to spray water down the downspouts to wash away leaves and other debris. A good tip is to place gutter screens over gutters.
7. Grading: Any and all surfaces next to the exterior walls should be sloped to shed water away from the house. This is most important on warm winter days, as melting snow runs quickly across the surface of frozen ground. If the grading is incorrect, water will potentially flow into the house, causing basement leakage. Now is the time to use a shovel to re-slope the grass, or call a paving contractor to correct a negatively sloped walkway or driveway.
Monday, September 29, 2008
Jefferson City Mortgage Rates
30 year 6.00%
20 year 5.875%
15 year 5.625%
10 year 5.625%
Provided by Lynne Bateman, Mid America Bank, 573-896-4790 Rates quoted above are for qualified borrowers with a 95% loan-to-value (LTV) or less. Please call for rates on mortgage loans with 95.01%-97% LTV. Rates subject to change at any time without notice Credit scores may adversely affect quoted rates
If you're thinking of selling or buying in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!”
Jefferson City Multicultural Fall Festival
The Jefferson City Multicultural Forum is hosting the 7th Annual fall festival at Memorial Park on Saturday, October 4th 11 am - 4 pm. This is a one day event featuring food, music, dance, booths and community information celebrating diversity in our area. The Jefferson City Area Board of Realtors will again be staffing a booth at the festival. Our goal is to promote home ownership and provide information to all cultural groups. Be sure to stop by, say hello, pick up some "goodies" provided by our affiliate members, and learn about various cultures found throughout Central Missouri.
If you're thinking of selling or buying in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!”
Need a good contractor? - Contact me for my "Preferred Contractor" list

Tip of the week

Sunday, September 21, 2008
Jefferson City Missouri Links to Local Websites
If you have suggestions for links, don't hesitate to contact me, I will be happy to research the site and add them as a link here.
If you're thinking of selling or buying real estate in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!”
Don't wait until selling to make repairs

Common disputes between home buyers, sellers
A common complaint that can end in a dispute is that the agent didn't act in the best interests of the party being represented; that is, the buyer or seller. Real estate agents who represent buyers or sellers in a transaction owe their client a fiduciary duty to put their client's interests above others in the transaction.
Buyers and sellers might be entitled to take legal action against agents who breached their fiduciary duty. But, why put yourself in a situation where you need to engage in a legal battle if you don't have to? Read more.......
If you're thinking of selling or buying real estate in the Jefferson City Missouri Area, contact Hank Vogt direct at (573)761-3485 or online at www.hankshouses.com . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!”