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From monthly archives: June 2017

We are pleased to present below all posts archived in 'June 2017'. If you still can't find what you are looking for, try using the search box.

Education Plays a Role in the Real Estate Market

It’s no secret the importance education is to families, the economy and to communities as a whole. Education also impacts the real estate market. Although many factors, including square footage, number of bedrooms, and garage size, all impact homebuyers’ decisions, there are also other contributing factors. School quality and rating, along with the academic schedule, is just as important to many buyers as is the size, price and location of the home. In fact, one out of every three homebuyers would buy a smaller house than desired, just to be in a choice school district. “Since home and resale values are both impacted by school quality, homebuyers with or without children are going to seek homes in the best school districts,” said Morgan Jerabek, a home loan consultant at First Bank. Schools may also determine when sellers list their home. “Savvy sellers  ...

Get Ready for Summer with Outdoor Home Improvements

The warmer temperatures and the smell of backyard grills are the tell-tale signs that summer has arrived in St. Louis. For many, this is a welcomed time of the year; however, if your backyard isn’t quite ready for guests, the fun may be delayed. Start now and still have time to enjoy this summer. We’re all aware that home improvements help increase a home’s value. Did you also know that outdoor enhancements can also help to increase the home’s value? Kory Kunze, First Bank Product Manager said, "Using a home equity line of credit can be a cost effective way to fund home enhancements, with rates lower than credit cards.  Borrowers can take advantage of attractive introductory rates if they plan on paying the loan off in a short amount of time.”  Outdoor Living Buyers love decks because they add outdoor living space. Excellent for entertaining, backyard decks averaged an approximate 55% return on investment (ROI). Consider the maintenance of the materia ...

Spring Selling is in the Air—Is Your House Ready?

Contributor: Dan Kraus, Home Loan Consultant Have you considered selling your home? If so, this is certainly a great time. Warmer temperatures during the spring bring more buyers out into the market to shop for a new home. According to the National Association of Realtors, homes are selling two weeks faster than they did even a year ago. Inventory is low and the local real estate market is hot, making conditions just right for a great home selling season. “In my experience, buyers are looking for value,” said Dan Kraus, a First Bank Home Loan Consultant. “The more items that are updated, the easier it is for a buyer to decide whether or not to write a contract.” Kraus said he truly believes buyers have a calculator in their heads and can add up all the things that need to be done. To help prepare your home for selling, we’re offering helpful tips to make your home more attractive to potential buyers: Half-Empty Closets: Home buyers in any market want to see ample sto ...

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All First Bank blog information and content is strictly informational. It is not intended to be specific investment, tax, or legal advice. If you need detailed financial, investment, or tax advice, please contact a First Bank qualified professional. Please note, First Bank occasionally shares third-party content we find to be relevant and helpful to our audiences.