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By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 2
Over the weekend, we received two offers on my new listing.  Unfortunately, one of them had a lender letter that was not worth the paper that I just printed it on.  It literally said the following "Subject to the information verbally provided by the client at the initial application phone call." ...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 4
Let's put it this way....it doesn't matter whether the home is listed at $90,000 or $400,000, if your home is clean, updated and priced right, it is gone within a week or less.  Sometimes selling in the first hours on the market to the first buyer that scheduled a showing with their agent. I list...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 0
When I first meet with a homebuyer, whether they have purchased a home previously or if they are first time buyers, I give all prospective buyers their own wants and needs survey.  It is important that they complete these independently for a couple of reasons.    1. You may not realize how import...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 0
Is it better to have loved and lost than to have never loved at all?  Maybe in some cases, but not in real estate.  The one that got away can be a determining factor as to whether a buyer continues to work with an agent.  I received this question over the weekend. Karen, we had written an offer o...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 20
It is one of the last places that you think to check when you are moving out.  You go through the rooms and look in the closets, you look under the sink in the kitchen, you open the linen closet and make sure you didn't forget anything.  You might even open the mailbox on your way out, just to ma...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 2
Here are a couple of situations that have happened this week.  The first one:  The buyer sent her new license to the new address.  She didn't want to chance it going to the old address and with the timeframe estimate, it seemed like a safe bet.  Luckily, the seller left it on the kitchen counter ...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 1
I am thankful for hats, mittens, and warm winter coats.  In the last week, we have received over 12+ inches of the white stuff here in Iowa.  And with the wind chill, we are well below zero for the next few days.  Although the sun was out on Wednesday, that wind.....brrrrrr.  Thank goodness for h...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 4
In the past week, we have received over 12 inches of snow in our part of Iowa.  And this is normal for our winter months.  Especially now that with the snow cover, the temperatures are in the teens and with the wind chill, well below zero.  I was showing homes on Monday to a relocation buyer, whi...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 2
Over the weekend, I was viewing homes with a couple that is relocating to our area from out of state.  During my research of the properties on their showing list, one of them stuck out.  In the remarks, it stated that the lower level bathroom would be completed prior to closing.  Since the house ...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 2
I am grateful for my cats.  On cold days, they take turns on my lap and keep me warm and toasty.  On days when I am not feeling well, they curl up at my feet and keep me company.  They meow when I come home and rub their heads and bodies all over my legs.  When I am stressed, petting them and hea...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 3
There are a few schools of thought on this one.  Ultimately, it is the seller's decision on whether or not to disclose to all potential buyers that there is an offer on your home. And whether you should accept the first offer depends on your time on the market and whether the offer is perfect for...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 2
Have you ever thought about your home from a pet owner's point of view?  In our little corner of Iowa, most of the homes that we build and sell have basements.  Sometimes the basements are only really suitable for the laundry and for storage, and sometimes it doubles the size of the house in fini...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 2
Over the weekend, another agent in my office had posted a scenario that sounded all too familiar.  The buyers had looked at several homes with the agent, including one that was for sale by owner.  The buyers then went back to an open house at the FSBO, this time without their agent, and the for s...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 5
Well, duh Karen. Because I want to see the inside of the house.  Well, that may be the obvious answer, but ultimately there is more to it than that.  Open house visitors may have an agenda.  Most of the time, you have a list of homes that you are trying to see that day.  Some of the reasons that ...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 1
At the point of listing, we will have a discussion about inspections while preparing the property for the market.  Based on the age of the roof, furnace, central air, water heater and other appliances that are included in the sale, a home warranty may be enough to calm any fears a buyer may have....

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 1
What are closing costs?  When you select a bank or credit union for your financing, they will go over a good faith estimate of costs that you can expect at the closing.  Closing costs can be paid by you or you may ask for the seller to credit you for a portion of these costs.  When you write an o...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 0
There is a popular misconception out there that in order to obtain a mortgage, you must have 20% of the purchase price saved.  This is no longer true, and has not been true for a very long time.  There is no need to break the piggy bank and hand over all of your savings in order to buy a home!  T...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 5
During my open house this weekend, I had the opportunity to talk with over 10 different buyers.  Out of those buyers, less than half of them have been to a lender to obtain a pre-approval letter.  I was shocked.  As I talked with the buyers that had not met with a lender, I asked how they had det...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 7
I have been in some great training classes in the past year.  I am amazed at the difference of opinion that most of the "experts" have about what works best to market to your database.  Some say that direct mailers are a waste of money, while others tout that if you are consistent, you will get n...

By Karen Feltman, Relocation Specialist in Cedar Rapids, Iowa
(Cedar Rapids/Iowa City, IA KW Legacy Group)
Comments 5
I have decided that every Thursday in 2019, I will blog about at least one thing that I am grateful for.  And to kick it off.....here we go. Every day I am reminded of the many things that I am grateful for in my life.  After all, there are so many people that have so much less that manage to smi...

Linn County, IA Real Estate Professionals