Archive for the ‘Southwest Missouri Real Estate’ Category

Local “House Hunter” Myths Part 2

Friday, January 31st, 2014

We proposed the question in Part 1 if all the home buying and home selling shows on TV these days show the realistic process of real estate in our Midwest market? Some may, but to be truthful, most of these shows are unrealistic. Noone looks at 3 homes and says, “This is the one!” The average homebuyer looks at an average of 10 to 45 homes before making a decision. So as you watch HGTV and DIY take note that home buying is a tedious process in which you need the right agent for you that fits and listens to your needs and the right loan officer who helps you know the price range in which you are actually able to buy in.

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On the flip side,  “Extreme Open House” sends an unrealistic message as well.  Sometimes it all depends on the location, price range and condition of the home. Our market is all over the place these days. A house maybe perfectly priced and can sell in one week because the right buyer was there or it may take over a year to sell a house. The average price of a home right now according to the Greater Springfield Board of Realtors is in the $160,000 range. So is going “extreme” for your next open house going to bring in the right buyer? Probably not. Some people bake cookies for the great smells for the home, and people walk around longer while eating, some take down all personal pictures and repaint or decorate. While this is all and good what people are truly looking for in a home is price, square footage, FLOOR PLAN, storage space, updating, location and yard.

To close this blog, my word of advice to the home buyer and seller is: find the agent that best meets your needs, stay focused and most of all don’t believe all you see on TV.

 

About Us: With homes in Springfield Mo, Ozark Mo, Nixa Mo and surrounding southwest Missouri areas, Murney Associates produces more real estate sales in Springfield and Southwest Missouri than any other real estate firm. Murney Associates is the largest independent real estate company in Springfield Missouri and is ranked in the Top 100 in the nation by Real Estate Magazine. We are locally owned yet nationally recognized for our award-winning real estate performance. We can facilitate a stress-free move for you and your family to any of the homes in Springfield and its surrounding areas. Murney wants to exceed your expectations, because our clients always come first!

 

 


Local HGTV “House Hunter” Myths, Part 1

Wednesday, January 22nd, 2014

In today’s age of technology and the sense of needing to be a “now” generation, the public as a whole looks at buying and selling a home far different now than 10 years ago. First and foremost the internet plays the largest role in finding a home these days. Murney Associates Realtors syndicates its listings to over 65 different websites alone and most of our agents pay large online fees to syndicate their listings to even more. The easiest way by far to search realistically is to search www.murney.com.

 

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Secondly, television shows such as HGTV‘s “House Hunters,” “My First Place,” or “Property Virgins” show the home buying search as shows like ”Extreme Open House,” and “Front Door” help the Sellers process. Here is the question at hand: Does watching shows like the ones mentioned above give Buyers and Sellers here in the Midwest a realistic view of “OUR” market?

 

 

About Us: With homes in Springfield Mo, Ozark Mo, Nixa Mo and surrounding southwest Missouri areas, Murney Associates produces more real estate sales in Springfield and Southwest Missouri than any other real estate firm. Murney Associates is the largest independent real estate company in Springfield Missouri and is ranked in the Top 100 in the nation by Real Estate Magazine. We are locally owned yet nationally recognized for our award-winning real estate performance. We can facilitate a stress-free move for you and your family to any of the homes in Springfield and its surrounding areas. Murney wants to exceed your expectations, because our clients always come first!



Don’t Wait Till Spring to Sell Your Home-List NOW

Wednesday, January 15th, 2014

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Many homeowners are waiting until the Spring ‘buying season’ to list their homes for saleHere are five reasons why that might not make sense this year:

1.) Demand Is High

Homes are selling at a pace not seen since 2007. The most recent Existing Home Sales Report by the National Association of Realtors(NAR) showed that annual sales in 2013 increased 11.2% over 2012. There are buyers out there right now and they are serious about purchasing.

 

2.) Supply Is Low

The monthly supply of houses for sale is at its lowest point (3.4 months) since May of 2005. The current month’s supply is down 21.6% from the same time last year. Historically, inventory increases dramatically in the spring. Selling now when demand is high and supply is low may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative to many purchasers.

 

4.) Interest Rates Are Projected to Inch Up

The Mortgage Bankers’ Association has projected mortgage interest rates will inch up approximately one full point in 2014. Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

 

5.) Timelines Will Be Shorter

The dramatic increase in transactions caused many challenges to the process of buying or selling a home in 2012 and 2013. We waited for inspections, dealt with last minute appraisals and prayed that the bank didn’t ask for ‘just one more piece of paper’ before issuing a commitment on the mortgage. There are fewer transactions this time of year. That means that timetables on each component of the home buying process will be friendlier for those involved in transactions over the next 90 days.

These are five good reasons why you should consider listing your house today instead of waiting.

 

About Us: With homes in Springfield MO, Ozark MO, Nixa MO and surrounding southwest Missouri areas, Murney Associates produces more real estate sales in Springfield and Southwest Missouri than any other real estate firm. Murney Associates is the largest independent real estate company in Springfield Missouri and is ranked in the Top 100 in the nation by Real Estate Magazine. We are locally owned yet nationally recognized for our award-winning real estate performance.

We have the largest number of realtors in Springfield MO than any other real estate firm. And with commercial real estate in Springfield MO and surrounding areas, Murney Commercial Realtors can also help you find your next business location.

We can facilitate a stress-free move for you and your family to any of the homes in Springfield and its surroundings areas. Murney wants to exceed your expectations, because our clients always come first!

 

 


6 Merry Real Estate Tips For The Holidays

Friday, December 13th, 2013

Fortunately, ‘tis the season for big-time real estate bargains. Whether you’re buying a new home or staying put, here are six ways you can save some serious real estate dollars this holiday season.

 

1. Home Buying. In most markets nationwide, prices continue to hover at levels we saw almost ten years ago. Of course, just how much of a fire sale you’re talking depends on where you’re buying. In Manhattan and San Francisco, prices actually did rise last year—but much less steeply than in years past. And while you may still have to deal with multiple offers, at least those are no longer in double-digits.
Following conventional real estate wisdom, many sellers, especially in cold weather spots, take their homes off the market after mid-November, when people are more preoccupied with the holidays than they are with real estate. The flip side? Those who do stay in the market tend to be highly motivated and willing to deal. Take that into account when making your initial offer and during subsequent counters.

2. Sealing the Deal. Motivated sellers are often willing to sweeten the pot by helping out with all those transaction-related real estate costs (including loan origination fees, title insurance costs, escrow fees and even transfer taxes). Since lenders will often limit closing cost credits from sellers to 3%-6% of the home’s sale price, however, check with your real estate agent and mortgage broker about your lender’s guidelines before you write up your offer.
Even if your home’s sellers don’t have the wiggle room to lower the sale price or to cover your closing costs, they might be able to include home electronics, appliances or furniture in the deal.

3. Interest Rates. With mortgage rates rising buy yet still near record lows, this is a very merry time to buy or refi, with a mortgage. Just this week, Bankrate reports that the going rate on a 30-year fixed mortgage rose to 4.25%, and the rate on a 15-year fixed rate mortgage rose as well  to 3.75%. Odds are that rates will remain rock bottom through the holidays (and beyond), making mortgages the gift(s) that keeps on giving in terms of long-term savings.

4. Property Taxes. Hate to pay taxes? You’re in luck! Since property taxes are usually determined by how much you paid for your house, getting a great buy on your house means great savings on your property taxes. Talk about a two-fer! (Oh – and if you already own a home that has declined in value, give yourself the gift of visiting your County tax assessor’s website and submitting a request to have your homes assessed value reduced. What you save can buy a whole lot of iPhones and Elmos.)

5. Negotiating Existing Loans. At year’s end, some banks and asset management companies who have purchased whole portfolios of second mortgages and home equity lines of credit are motivated to close out outstanding issues that are lingering on their books. So if you’re willing and able to pay a lump sum to settle a second mortgage rather than pay the full amount you owe, jump now.

6. Home Improvements. You can take advantage of the last of the remaining federal real estate tax credits by improving the energy efficiency of your home:

 

About Us: With homes in Springfield MO, Ozark MO, Nixa MO and surrounding southwest Missouri areas, Murney Associates produces more real estate sales in Springfield and Southwest Missouri than any other real estate firm. Murney Associates is the largest independent real estate company in Springfield Missouri and is ranked in the Top 100 in the nation by Real Estate Magazine. We are locally owned yet nationally recognized for our award-winning real estate performance.
We have the largest number of realtors in Springfield MO than any other real estate firm. And with commercial real estate in Springfield MO and surrounding areas, Murney Commercial Realtors can also help you find your next business location.
We can facilitate a stress-free move for you and your family to any of the homes in Springfield and its surroundings areas. Murney wants to exceed your expectations, because our clients always come first!


What Is Your Homes Worth?

Monday, December 2nd, 2013

 

homes in Springfield MO

 

Despite some encouraging housing data, buyers will continue to have the upper hand in this home-selling season. But that doesn’t mean your house won’t sell; it just means you’ll have to make smarter moves to land a buyer.

 

What’s your home worth?

1. Thinking your home is the exception: It’s natural to be emotionally attached to your home, especially if you’ve lived there a long time. But allowing this affection to obscure the realities of today’s real-estate market is a serious mistake. If your neighborhood is declining in value, you’ll need to price your home at a compelling level. That will require a painful decision: to price the property at or below comparable homes in the area, even if the price point is less than what you think your home is worth. Overpricing a home because of an emotional attachment only makes selling it that much more difficult.

 

2. Not scouting the competition

 Another reason sellers might price a home too high is that they’re simply unaware of the dynamics of their real-estate market. To sell your home, it’s essential to have a firm like Murney Associates grasp on the conditions in your area. Sellers should study the pricing trends and sales data in their local market. But the data tells only half of the story. To fully understand the market, sellers should get a first-hand look at the nearby homes that are also up for sale. “I would recommend a seller go look at open houses so they see how their home really compares,” says Sherre Lane Broker at Murney Associates, Realtors.

3. Not checking your agent’s references

An effective, experienced real estate agent can be a big help in selling your home in today’s busy market. .To ensure you’re doing business with a solid real-estate professional, contact some of his or her previous clients and ask about their experience and interview the agent personally. Make sure to check out all of our 400+ here http://www.murney.com/find_an_agent/.

4. Not prepping the property

Since buyers have many options these days, home sellers need to ensure that their property is in tip-top condition for showings. That means making any and all home repairs, ensuring that the indoor and outdoor portions of the property are immaculate, and removing clutter. “It is a very picky buyer right now, and they are ready to seize on any little thing that they see,” says Laurel Bryant of Murney Associates, Realtors. “You want your house to look cared for.”

5. Being present during open houses

It’s important for the sellers to be away from the home during open houses, as their presence can be unnerving to would-be buyers. Some sellers have the mistaken idea that they are the best people to sell their house, and that is absolutely not the case. If a seller remains at home during an open house, buyers will have an uneasy feeling, and that is the feeling that they will take away from the house.

6. Taking negotiations personally

The negotiation process can be tough on sellers, as buyers may demand concessions such as price reductions or help with closing costs. Although such requests might be irksome, it’s important that sellers consider them just another part of a business transaction. It is not meant to be personal; the buyer is looking to buy as carefully as they can and pay as little as they can. It is not about you, it is about them.

7. Sneering at offers

Even if you aren’t crazy about a buyer’s offer, don’t dismiss it out of hand. You need to be willing to negotiate with anyone and everyone who puts in an offer, even if it is one of those low-ball offers. Don’t ignore it, because those people might really want the property.

Do you like to content that we are sharing? Make sure to leave a comment or share the blog with a friend! Thanks from Murney Associates, Realtors


Technology Taking Over Real Estate

Wednesday, September 11th, 2013
1615 E. Primrose St. Murney West

1615 E. Primrose St. Murney West Technology Center

From mobile apps to real estate website downloads, the real estate industry is drastically changing minute by minute. Murney Associates, Realtors prides themselves on being not only the best in the real estate industry in Springfield, MO and surrounding areas, but our agents are knowledgeable and up to date on the latest and greatest technology that our industry has to offer them. With our new office located at 1615 E. Primrose Street and known as “Primrose West,” our agents have been provided the best in state of the art facilities, computers, a hands on tech staff and areas to work with our clients in a fresh and modern environment.

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State of the art conference rooms complete with computer services, flat screen tv and the latest in services for web design.

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Open air concept Cafe, meeting room and technology service center provided to all of our clients and agents.

Not only does Murney Associates, Realtors provide and teach great technology to our agents but we provide this technology  to our clients as well. With Search Assistant aka “Email Alerts,” located on Murney.com you are able to set up a client portal for a daily automatic search for homes in the criteria that “you” the consumer set up. There are various ways and options to choose from but if you are working with a “preferred agent” they also can either set the search up for you or guide you through the easy to use system. It is one of the coolest products on the market today!!!! Through this you can set up a driving tour, email friends the listings, Facebook the homes, add them to a calendar to view later and so much more.

So if you are looking for the best REAL ESTATE agents in SW MISSOURI, then look no further than your very own MURNEY ASSOCIATE to assist in you in buying or selling a home.

 


Murney Associates Is a DOG Friendly Workplace

Tuesday, August 27th, 2013

Cadey

 

Murney Associates, Realtors of Springfield, Missouri takes their office mascot seriously.  The first four legged office greeter, Topper, a black lab, celebrated his birthday in style every year.  The office held a party off-site in his honor and all of the agents and staff participated enthusiastically.  After Topper’s passing, Jeff Parker, managing broker, started bringing his dog, Cadey to work.  According to Jeff, “agents also bring their dogs to work and I believe this pet friendly policy creates a much happier workplace.  Humor is injected, too when Cadey is heard sleeping – English bull dogs tend to snore!”

 

Investigators from the schools of Business, Medicine, and Nursing at Virginia Commonwealth University released a preliminary study of dogs in the workplace in the International Journal of Workplace Health Management. They claim it is the “first quantitative exploratory study of the effects of pet dogs in the workplace”. Their results indicate that bringing dogs to work may lower stress and increase employee satisfaction for those who bring their dogs to work, as compared with employees who either did not bring their dog to work or who did not own a pet. -

 

At Murney Associates, we have dogs almost everyday at the office, from Chico (Debbie Morrows dog) to Stanley (Charity Middleton’s dog) to the infamous Cadey who loves water bottles and our broker Twila’s trash can. It is pretty funny how a dog can calm the most intense situations. We have seen agents in an upset mood,  grab a dog toy and throw it for Cadey to chase just to get some frustration out. They end up laughing cause she is quick yet clumsy at the same time.

A dog in the workplace brings fun, calm, freedom and good energy to an everyday stressful environment. Try it, you just might like it.

About Us: With homes in Springfield MO, Ozark MO, Nixa MO and surrounding southwest Missouri areas, Murney Associates produces more real estate sales in Springfield and Southwest Missouri than any other real estate firm. Murney Associates is the largest independent real estate company in Springfield Missouri and is ranked in the Top 100 in the nation by Real Estate Magazine. We are locally owned yet nationally recognized for our award-winning real estate performance.

We have the largest number of realtors in Springfield MO than any other real estate firm. And with commercial real estate in Springfield MO and surrounding areas, Murney Commercial Realtors can also help you find your next business location.

We can facilitate a stress-free move for you and your family to any of the homes in Springfield and its surroundings areas. Murney wants to exceed your expectations, because our clients always come first!

 


Home Prices Are On The Rise For 2013

Friday, June 28th, 2013

Why Are Home Prices Rising – Part One

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Statistics released this spring show that both new and existing home prices have risen significantly over the past twelve months. For example, the census bureau has indicated that the median price of a new home sold in April was $271,600, which was 8.3 percent higher than the previous month and 13.1 percent higher than one year ago. This is interesting news not only because it affects those in the market to purchase a home, but the economy in general. Wealth is created through rising home prices and this wealth has the potential to increase consumer confidence and thus consumer spending. Two questions arise from here–why are home prices rising and will they continue to do so? They are very interesting questions because just a few years back many were predicting that home prices would not recover for decades. In our opinion, it is also no coincidence that rates are rising at a time when home prices are rising and the real estate market gets stronger.

There are four reasons that home prices are increasing. For one, home prices dove down too low during the slump. In many areas the price of homes was below the replacement cost of purchasing a home. With so many foreclosures on the market, there was too much downward pressure on home prices. In addition, the cost of owning came in significantly below the cost of renting –especially when record low rates were factored into the equation. Investors across the nation recognized these economics and came in to purchase excess inventory to lessen the foreclosure issue and the equation quickly reversed. This caused the second reason for higher home prices–a tightening of inventory caused the price of homes being “bid up” in many cases. Across the nation, we have seen evidence of multiple bids on properties up for sale–especially at the lower or middle end of the market. This has created the opposite situation with regard to why home prices dove due to bank sales. In essence, reasons one and two have created a bounce in the market. The last two reasons? The economy and demographics. We will discuss these in part two of this series, as well as the future outlook for home prices.

 

If you are looking to sell your home, make sure to call one of our Murney Associates, agents for your free market analysis before you list. We have agents in 4 locations to serve you and have the highest market share for the Springfield, Nixa, Strafford, Ozark and SW Missouri areas.


Ideas When You First Move Into Your Dream Home

Friday, May 24th, 2013

Ideas When You First Move Into Your Dream Home

Nothing is better than finally getting the keys to the new house and getting everything moved in! We have all felt that sense of pride, that sense of accomplishment we all of the hard work and hassle of buying a new house comes to fruition on closing day.

There are so many things running through your head during the process that you sometimes forget to sit back and enjoy what you just did. That being said, with everything that goes on, you need to figure out what actually needs to be done once you get the keys and when you are ready to make your new home a thing of beauty.

Here are a few ideas for things you should definitely do once you move into your new home:

Who’s In the Neighborhood?


• Even though they will probably take the initiative, make sure that you at least meet and find out who your neighbors are. Find out if they have kids. Find out if they have dogs. Are they partiers or do they stay inside all of the time? Are they older? That sort of thing goes a long way. Granted, they will probably come over and welcome you to the neighborhood within the first week, but if not, take it upon yourself to see who they are and what they are all about. Check out the Springfield Neighborhood Registry to see what each service area is.

Figure out the Essentials
• When you move in to the new place, you forget how many everyday items you need around the house to, well, live. Think about it for a second. Whether it is napkins, flashlights, toilet paper, paper towels, bedding, snacks, water – you name it, and you probably need it right away. Make sure to find the closet Homedepot and Pricecutter to stock up on these items. Seems like a no-brainer, but mark my word you will probably end up needing all of this as soon as you start moving in.
Clean It Top to Bottom
• It is always good to clean the house from top to bottom when you first get in, even if it smells fresh. You definitely want to clean certain parts of the house (i.e. baseboards, walls) before the movers get there so you don’t have to move the furniture after everything is in. Then again, once you unload everything and take back the truck rental, you will want to clean the carpets after the movers and your family track throughout the house. Also make sure to clean the bathrooms and kitchen very well, since those are the places that most of the bacteria build up. If you have kids, don’t let them trace around the house before giving it that one last clean.
Check All Belongings
• Once you get all of your belongings into the house, always double-check to make sure that everything is accounted for and that nothing is damage or ruined. Remember and chart how many boxes should have made the trip and then cross off the checklist before you actually start the unpacking process. Also, if you know certain boxes were fragile, open them first to make sure that they made it through the process without any dents or scratches. Once the movers are gone, good luck trying to hold them accountable for any lost or damaged boxes.

Author: Doug Chapman is a staff writer for HomeDaddys, a stay at home dad blog. He specializes in diapers and sippy cups, but is a successful real estate investor on the side.