Saint Louis, MO Real Estate News

By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Weekly statistics for residential properties in the city of St Louis.  Figures were gathered from the local multiple listing service.New Listings - 159; list prices between $22,500 to $1,775,000.Contingent/Option Listings - 43 - priced between $49,900 and $299,900.Pending Listings - 62 - priced between $16,900 and $795,000.Sold Listings - 58 - priced between $25,000 and $335,000.Expired Listings - 46 - priced between $35,000 and $464,900.Withdrawn Listings - 16 - priced between $85,000 and $294,000.Weather was fantastic today.  We actually pulled the bicycles out of the garage and biked around Tower Grove Park.  Kim and Gary, our best friends, purchased bikes this week.  So we all went together.  Great exercise, although I'm already feeling sore tonight.  Last year, we biked the park on...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Closed on both the Chippewa property and Bancroft properties today.  Everything went very smooth, as I had hoped.  I do try very hard to stay on top of things during the deals, so the closings usually are very smooth.  There sometimes are some last minute glitches, but they're minor, and can be worked out.  For those who love Basketball, this is the weekend to be in St Louis!  St Louis is hosting the 2007 NCAA Division 1 Men's Basketball Championship Midwest Regional, March 23 - March 25 at the Edward Jones Dome.Two regional semifinal games will be on March 23, the with regional final on Sunday, March 25.  The winner of Sunday's game will move on to the Final Four (Atlanta - March 31 - April 2).On Friday, it's the Butler Bulldogs against the Florida Gators, and the Las Vegas Rebels agai...
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By R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham, Bob Mitchell (NMLS#1046286)
(Bank of England (NMLS#418481))
    Things To Do In St. Louis Things To Do In St. Louis Welcome to St. Louis! Whether you are a St. Louis native or are thinking about visiting or even moving to Saint Louis, I hope that you find this guide and review of things to do in St. Louis helpful, informative and most of all fun! As in any big city, you can spend an entire life time here and still not take advantage of all of the things that St. Louis has to offer. And while we have taken care to be as comprehensive as possible, there is no way that we can include everything that there is to do in St. Louis. That said, if you would like to make a suggestion, please feel free to write us a note. Roughly speaking, this guide is going to move from east to west, starting at the St. Louis riverfront and ending with the wineries loca...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Spring is here.  The daffodils are blooming.  It was in the 70's today!  I love it!Got through my last inspection notice resolution for the month today.  Had a walk-through this evening with my buyers on the Chippewa property.  It went fine.  The buyer also had his walk-through on my Bancroft listing at the same time.  Haven't heard from that agent, so I guess all is well...I facilitated a class today at the office.  It was the Camp 4:4:3 class, Power Session 17: Making, Receiving, and Negotiating Offers.  It's a great class, and I do enjoy presenting it.  I don't feel I'm much of a teacher, but after 10 years as a realtor, I feel I have some information to offer these newer agents.  Keller Williams Realty has some wonderful training for the new agent, and experienced ones as well.  We ...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
I have been blessed to work with some great realtors this month.  I'm closing five deals this month, more than I have ever closed in a month, and on each deal, so far, the agents have been terrific.  They have been friendly, helpful, and it's really been a pleasure working with them.  I realize we are all representing our clients and trying to get the best for them, but these agents seem to understand about one of Keller Williams' main points of our belief system:  "win - win, or no deal."  Actually, it could be a mantra for any company.  If everyone does not work together, we won't get anything accomplished.  We want the best terms and price for our clients, but our responsibility is also to get them through the deal.  If we "bulldoze" our way over the other parties to the deal, and ki...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
I've been reading the book by Robert Kiyosaki, titled:  Retire Young, Retire Rich.  I've read his other books:  Rich Dad, Poor Dad, Cash Flow Quadrant, Rich Dad Poor Dad.  I do love his books, and find them very eduational and motivational.  Here's a passage that I have found applies to me.  I've printed it and posted it above my desk, where I see it all the time.  I think it's pretty powerful.  It applies, I feel, not just to work, but everything in life..."The biggest challenge you have is to challenge your own self-doubt and your laziness.  It is your self-doubt and your laziness that define and limit who you are.  If you want to change what you are you must take on your self-doubt and your laziness.  It is your self-doubt and laziness that keep you small.  It is your self-doubt and ...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Resolved another Inspection Notice today.  Have one more to resolve this week.  Pretty sure we'll get all parties to come together on that one, too.We had a great time yesterday at the St Patrick's Day Parade in Dogtown.  It was chilly, and it snowed the entire time, but that didn't hinder the crowd.  The parade lasted at least two hours, and we counted at least 105 entrants.  It seemed like every Irish name in the city had an entrant.  Beads were flying... Enclosed are some pics. Last night, we attended the 10th Anniversary Concert of BandTogether.  It was held at the Desmond Lee Concert Hall at the University City Loop.  Our good friend, John Langham, had a number of flute and piccolo solos.  It was a great concert, as always.  It's also free.  They play for donations.  During the fir...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
This weeks market report for St Louis City homes (Areas 1, 2, 3).  Statistics gathered from the local multiple listing service.There have been 159 new listings; prices range from $39,900 - $549,000.There have been 26 that have gone under contract (contingent/option); prices range from $83,250 - $498,000.There have been 68 homes that have gone pending; prices range from $4,452 - $339,900.There have been 44 homes that have sold; sold prices range from $21,000 - $1,300,000 (wow!).56 homes have expired; prices range from $44,900 - $1,320,000.28 homes have been withdrawn from the market; prices range from $54,900 - $439,900.Wanted to wish everyone a Happy St. Patrick's Day, and have a memorable weekend.  
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Looking forward to this Saturday - St. Patrick's Day!  I've missed the parades the past couple of years, but if the weather is willing, I will be out wearing my Green to the parade.St Louis has two St. Patrick's day parades.  Usually, they are on different days, but this year they both fall on the same Saturday.  The big one is the Annual St. Patrick's Day Parade in Downtown St. Louis.  It starts at Noon at 18th and Market Streets & travels east on Market Street to Broadway.  An estimated 200,000 spectators will watch as 5,000 or so participants and 120 entries march by.  The post parade party continues until 4;00 pm at Kiener Plaza.  For more information, visit:  www.irishparade.com.The other parade, the one I'm going to, is the St. Patrick's Day Parade, put on by the Ancient Order of ...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
My partner listed his rehabbed apartment on Craigslist.org this evening, and I wanted to share the info.  This is a really nice one.  I should know; I've done alot of the finish work on it....Newly rehabbed one bedroom apartment for lease in Tower Grove South - first floor of a two family flat. Kitchen featuures new cabinets, countertop, sink, fixtures, ceramic tile floor, dishwasher, refrigerator & stove. Bathroom has new ceramic tile tub surround, vanity, fixtures, and also has a ceramic tile floor. Hardwood floors have been refinished throughout and everything has been freshly painted. French doors lead from livingroom to diningroom. New central air and forced air furnace, and new hot water heater. Updated electric. New windows. New ceiling fans in livingroom and bedroom. All other r...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
I responded to a post yesterday about the need for unmarried couples to plan ahead when it comes to powers of attorneys, medical directives, wills.  I wanted to share our story.  This is a very important issue.  Don't put it off!   "I cannot stress enough the need for this kind of planning.  My partner and I had been together eleven years and we had not taken care of any of this - no wills, power of attorneys, etc.  Then, in 2002, Dennis was involved in a severe automobile accident.  On the afternoon it happened, I was working in the garden when someone from his office called and told me to get to the hospital.  I didn't even change clothes.  Got to Barnes Jewish Hospital and told them that I was Dennis' partner, and I wanted to see him.  They told me they were working on him and for me...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
I wanted to follow up on what I wrote on Friday evening.  It was regarding Laclede Gas, and how I was not happy with the inspection on the ranch in Webster Groves.  I had called and let the listing agent know about the gas leak, but that was how I left it.  I would let him have it checked out.  I got a call this morning from a Laclede Gas Customer Service Manager.  He said they had gotten word through StlToday (?) that I was unhappy with them.  Someone must have read about it on this blog and passed it on to them.  I was pretty surprised.  They asked for the house address and the listing agent's name, so they could get into contact with him.  I received a message later in the day from the same customer service manageer that the Laclede Gas inspector and a supervisor had gone to the hous...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Market Report for the week of March 9 in the city of St Louis (Areas 1, 2, 3) - Figures from the St Louis Multiple Listing Service: Active listings - 171 - Range in price from 12,900 - 625,000. Contingents listings - 39 - Range in price from 48,000 - 1,275,000. Pending listings - 69 - Range in price from 17,900 - 274,900. Sold listings - 49 - Range in price from 20,000-342,500. Expired listings - 47 - Range in price from 8,500-499,900. Things are beginning to move again. Had building inspecion this morning on the ranch in Webster Groves.  It did not go as well as I had hoped.  It passed Laclede Gas Inspection yesterday.  The listing agent faxed the paperwork yesterday.  I think the Laclede Gas inspection was a joke.  A fitting on the gas line to the furnace has an active gas leak.  I sm...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Had two building inspections yesterday.  The first one took almost three hours, and the second one lasted for four hours.  The second one was on the two-family, and the seller was there to let us into the rented side.  He was there the entire time, which made for an interesting afternoon.  He was a nice guy, but he was already upset from the Laclede Gas inspections and occupancy inspections from earlier in the day.  Then our termite inspector found evidence of termites (old, but the building has never been treated).  In addition, DrainCo, my sewer scope company, found a major dip in the sewer pipe under the floor in the rented side.  It appears the line is rusting/rotting out from the bottom.  The rest of the inspection was pretty routine, but I thought the seller was going to blow a ga...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Wow!  What a great past couple of days.  I wrote a contract on a two-family on Thursday and got it accepted on the same day.  Then on Friday, I showed a new buyer two houses, and she wrote on the second one.  That contract was accepted yesterday ( a ranch in Webster Groves).  Then, on Sunday, a friend called.  He had just been informed by his landlord that they were planning to sell the house he was renting.  He could either purchase it or move.  The house was not worth what they were wanting, so he decided it was time to buy for himself.  I showed him four houses that afternoon, and he wrote on the first one I had originally showed him.  That one was accepted yesterday, too.  So, the last two pretty well fell into my lap.  I'm definitely used to showing twenty+ homes before the buyer d...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Woke up to thundershowers.  Partly cloudy the rest of the day.  By afternoon, the wind had picked up, and it's been really gusty since then - colder, too.  Tornados in Alabama and Southeast Missouri with deaths, injuries, and much damage.  What a terrible morning for some.  My heart goes out to them.Negotiating two building inspections.  This is the part of the process that I like the least.  I feel it's the most emotional part of the entire deal.  You have sellers who do not want to do anything and buyers that want everything.  How do you get them to come together?  Sometimes they don't.  On the one deal, that is what I fear will happen.  I represent the sellers, who ultimately accepted the buyer's lower offer.  I feel he's getting a real bargain.  Now he wants the sellers to make thou...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Had a beautiful day today in St Louis, sunny and close to 60 degrees.  Maybe Spring is finally on the way.  I can't wait to get out and work in the yard.  I am a big gardener, and I love working in the dirt.  I guess I come by it naturally.  My grandfather was a farmer.  He and Grandma owned a small farm outside Uniontown, MO.  They raised pigs, cows, and crops.  They never did become rich; they barely made a living some years.  They never had indoor plumbing, and water was pumped from the cistern in the front yard.  A wood stove in the kitchen and one in the living/bedroom provided heat.  For air conditioning, they opened windows or turned on the box or window fans.  Some may think this was a hard way to live, but the happiest times of my childhood were spent at Grandma and Grandpa's. ...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
I scheduled a sewer scope inspection for the Chippewa property, and met Eric, with Drainco at the property today around noon.  The seller had provided a tape of a sewer scope inspection they had done last fall.  I picked it up Saturday from the listing agent's office.  I thought maybe I could save the buyers $150, and use the seller's tape.  When I viewed it on Saturday afternoon, I couldn't make heads or tails out of it.  First, the camera jumped around so bad, you couldn't see anything.  There was also no narration as to what I was seeing.  It was very poor quality, and I was not happy with the tape at all; so I called DrainCo to have them come out.  I've used them for several years, and I think Eric does a great job.  Most of all, I trust him.  I've stood over his shoulder as he ran ...
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By Tim Tanz, St Louis Real Estate
(Platinum Realty)
Our team leader shared this information with us, so I wanted to pass it along...The Seven Deadly Sins of Real Estate Prospecting Real estate prospecting is essential to success in real estate.  It's a key ingredient that will help you earn and get paid the amounts of money you want to make each year.  Yet, so many agents disregard, forget, ignore or flat out neglect prospecting.  These are simple mistakes that could take you away from success.  These mistakes are what I refer to as the 7 Deadly Sins of Real Estate Prospecting: 1.    Not Prospecting Enough:  Prospecting is THE PATH to finding the leads that will become your successfully closed transactions in the weeks and months ahead. If you don't search for and cultivate the best people to work with in your territory, your competitors...
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