April 2016

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Today, we’ll go over a quick market update for the St. Louis housing market. Current market conditions have a lot to do with supply and demand.

In certain areas, there is an extremely limited of supply of homes. This creates a seller’s market. Many people often times hear about multiple offers coming in and homes selling for over asking price. That is happening, but only in select markets. In a broader sense, homes that are priced well and move-in ready are selling very well.

As a seller in those hot markets, we can remove the appraisal rider from many of these contracts in order to avoid any issues with offers over asking price. This move is

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What is a better investment, building a new home or buying an existing one? When we talk to our clients about this topic, we like to discuss not only the financial aspect, but also the opportunity cost of their time and money

The convenience of buying an existing home is you’re able to move in quickly. On the other hand, building can take a year or two to accomplish. If you’re in a hurry, or if you’re not willing to deal with the stresses involved in building a new home, you might want to consider buying an existing home.

Building a new home can be more expensive than buying a pre-existing one, but the benefit is you can design it