The Gellman Team Real Estate Blog

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HGTV is one of the most popular cable networks on TV, but unfortunately, it's setting up some unrealistic expectations for buying a renovation property. Many people see these shows and think a gut renovation will be fun, and the most unrealistic expectation these shows set is making it all look far easier than it is.

It's all very challenging to find great contractors who are consistent and show up. These shows also fail to show all the unknowns—what happens when you peel back the onion? What's going on with the home's plumbing and electric? What issues come up, that can’t be seen when the house was bought? Unfortunately, many people are only

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In a seller’s market like ours, in many areas/price points here in St. Louis, multiple offers and bidding wars are common. As a homebuyer, being able to compete in these situations isn’t all about the highest possible price you can offer. You’ll have to pay a premium for the good homes, to be sure, but we’ve got some tips for you to help make your offer stand out in other ways so you have a better chance of an accepted contract.

One of the first things you can do is waive the appraisal rider. In this market, with inventory levels low in certain areas/price points, demand is high and many homes are selling for record prices. At the same time,

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How do you appeal your 2017 property taxes if you think there has been a mistake?

2017 is a reassessment year, which means many people’s taxes have gone up 15% to 25% or more or have not decreased enough. 


"We can help you appeal your 2017 property taxes."

Luckily, the Gellman Team is here to provide you MLS data for sales in 2015 and 2016 that will impact your 2017 tax reassessment. That being said, you can go to www.TheGellmanTeamPropertyTax.com or text PROPERTYTAX to (314.627.0866) to request MLS data for appealing your property taxes. Whether your taxes went up too much or did not decrease enough, we’re here for you as your trusted

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What’s happening in the St. Louis area real estate market this month?

I wasn’t exactly right when I predicted back in February and March that inventory levels would significantly increase as we entered the spring. We thought that by now we would have significant increases in inventory and there would be additional options for buyers. Thus, there would be somewhat of a shift from a seller’s market to a more balanced market.

In many areas, however, we continue to see inventory levels hovering around two to three months, which still reflects a seller’s market. It appears the simple law of supply and demand still rules. We’re still seeing top

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By now, you should have received your invitation to our client appreciation party. We're excited to see you and your family there!

We'll have a day of bowling, darts, pool, food, and drinks at Saratoga Lanes on April 2nd from 2 p.m. to 6 p.m.

If you haven't yet, please RSVP here to let us know how many will join us.

Thank you again for all your support! We're looking forward to another great year and we look forward to seeing you at the party!

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Today I’m going over a topic that many viewers have inquired about: upgrading or remodeling a home for market.

In today’s market, if you’re looking to maximize your equity, the best thing you can do is upgrade your home.

Buyers in this market have a lot of purchasing power because of low interest rates and great financing, but they don’t always have a lot of out-of-pocket cash. A buyer may be able to afford to finance a home that has had some remodeling done, but not to buy as is and upgrade it themselves. That’s why investing in upgrades is a great idea.  

Keep in mind that you do have to be very generic when remodeling. Don’t focus on a

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The St. Louis market is showing extreme strength right now. We went through a bit of a softening at the end of last year, but with the increased strength of the stock market and a decreasing level of inventory, we are back to seeing a strong market.

A majority of areas in St. Louis are in seller’s markets because of this limited inventory. Buyers are getting caught up in multiple offers, and many of them are having to pay over asking price to secure their properties. Homes that are move-in ready and priced right are selling very quickly right now.

If you have any questions for us about the market, the value of your home, available homes

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We can’t believe how quickly 2016 went by. As we approach 2017, we want to take a minute and wish you a happy and healthy holiday season.

Thank you for your support, your referrals, and your business. Have an awesome holiday season and a Happy New Year!

If you have any questions, please don’t hesitate to reach out to us. In the meantime, enjoy the holidays. We’ll see you next year!

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What’s been happening in our real estate market over the last two months?

Right now, we’re seeing a softness that we haven’t seen in previous years. We’re attributing a lot of that to the insecurity of what’s going to happen next, both politically and economically. Obviously, with the presidential election, there’s already been a lot of major changes. Some of them have been positive, such as the stock market going up. Some of them have been not so positive, such as mortgage interest rates increasing a half of a percentage point. As to that, we’re currently sitting at the low 4% to 4.5% range.

That being said, we’re also seeing a softness

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 This Thanksgiving, let us at The Gellman Team do the baking for you.
 
We’re excited to announce our first annual client appreciation event this year. We’d like to thank all of our clients for their business, referrals, loyalty and friendship by inviting all of you to The Gellman Team’s Pie Day Giveaway.
 
On November 21st and November 22nd, stop by our office between 12 p.m. and 6 p.m. to pick up your free apple pie or pumpkin pie! Simply visit www.gellmanevents.com to register and tell us which kind of pie you’d like.  

 


Register at www.gellmanevents.com and tell us which pie you’d like.


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We’re thrilled to be able to offer

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