columbia: A Happy end to a rough week - 05/02/08 02:59 PM
I started the week writing an offer on a home that my buyers have been eyeing for months.  It's been on the market for A YEAR!  Who knew apparently several other people have been eyeing it as well and lo and behold another offer came in 'slightly' cleaner than ours.  No counters nothing, Sellers took the other offer.  We wrote or attempted to write 3 more offers this week, either losing them to buyers removing contengecis, not coming together on the deal, or the other one that was the best, and offer being accepted by the seller 5 minutes after we … (0 comments)

columbia: Re/Max on History Channel - 12/01/07 04:39 PM
For those interested at 7:00 AM Central time Sunday Dec 2 there will be a 1/2 program with an interview with Dave Liniger about the start up of Re/Max.  The program will air on the History Channel on the program entitled History's Business.  If you can't catch it then or tape it check out the History Channel website for additional showings of the program. … (4 comments)

columbia: E-Neighborhoods Experience - 12/01/07 04:35 PM
Is anyone using E-Neighborhoods.  I recently signed up for a trial and tried to start using it.  When I tried to do the MLS connect it tried to connect to the MLS system we stopped using last fall. I'm thinking that's a bad sign that this is a program that doesn't work that well in my area.  I've contacted them, but no reply yet.  Let me know your thoughts on this program.
 
Thanks
 
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columbia: mortgage Rates - 11/19/07 05:33 PM
What are people hearing about mortage rate?  Here is what I heard:
Right now, we are seeing 30 year mortgage rates at 6.25% and a 15 year rates at 5.875%.  Be watching out going forward though, Fannie Mae is implementing price adjustments for lower credit scores.  Those will be going into effect on all mortgages delivered after March 31, 2008. 
 
Sell or Lock those homes fast.  I don't think buyers know right now how good they could have it.  Education is the key.
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columbia: New Columbia Mo High School - 11/13/07 05:22 PM
Just announced today.... The new high school for Columbia, MO will be located on St. Charles Road.  This is north of I-70 and East of 63.  No one can know at this point what subdivisions will be includeded but to give you a perspective of what is near by:  Lake of the Woods, Watersege, Deer Ridge, Maryland Heights, Wyatt Lan Acres, Breezewood Estates, Meadowlands, Thessilia, Garden Park, most likely anything east of 63 but of course not an absoloute. … (0 comments)

columbia: Break down of market conditions - 11/07/07 05:26 PM
As mentioned in a previous blog I thought I would break down a few numbers. So here you go:
 
IN the 350-400,000 price range
Sales are down 22.4%  (BAD)
New listings are also down 30% (good less competition coming on the market)
Days on the Market down 40% (good what is there is staying on the market less time) =   102 days
On the other end of the scale:  In the 150-200,000 price range in the Columbia School District
Sales are down 15.64% (Bad)
New lisings are also down, but only by 4.26% (bad when compared with the amount that sales are down). 
Days on the Market is also down 8% … (0 comments)

columbia: Columbia MO Property Tax Increase? - 11/04/07 03:26 PM
Election Day Nov. 6th. 
The only item on our ballot is to approve a 1/2% sale tax increase.  I received the "sample ballot" which spoke aobut the 1/2% sales tax increase.  At first I thought, another tax increase, gee I can't handle more.  However, after learning more about it, I found out that this is a tax we are ALREADY paying.  It should state, to extend the 1/2% sales tax increase to a certain time.  What the ballot does not go on to say is that if we DO NOT approve this measure then the property taxes of Boone County residents … (0 comments)

columbia: Market Conditions Columbia MO - 11/04/07 03:16 PM
Thought I would share some market research with you.
In the Columbia MLS which includes towns such as Ashland, Fulton, Harrisburg, etc the number of months of inventory we have for residental property currently stands at: 9.53 months of inventory.  A balanced market is 6 months
In the Columbia School District (Columbia is reaching 100,000 pop) it is 9.51 not much difference.  Interesting item though:  IN August we only had a 3.37 month of inventory indicating a seller's market.  In fact, since Nov. 2005 September 2007 is the first month we have actually gone over 6 months of inventory in the residental market … (0 comments)

columbia: Great Client Experience - 11/04/07 02:53 PM
I just have to write about this amazing experience.  I obtained my license in late 2005 in April 2006 I met some clients from Alaska who wanted to relocate.  They found a home, closed and decided not to relocate.  They decided to rent the home out, which I took care of and managed for them. 
This year they decided they wanted to relocate and purchase a business in the area.  We will close on that in January, in the meantime they decided they wanted to purchase an additional home to live in, since the first was rented out.  (Yes that is … (0 comments)

columbia: Hype verses localism - 10/24/07 04:45 PM
As we all know, real estate is local.  I know the Columbia, MO market.  It is not nearly as desperate at the "national media" would make it to be or as desperate as the "Califorinia or Arizona" market appears to us to be. 
What has been your experience?  Last year our broker had a Holiday Home tour to hype that this is the perfect time to sell.  About 5% of the home that were on tour that weeked sold as a direct result of the touir. 
 
Next weekend we will be having another home tour.  Seems to bring the lookers out.  … (0 comments)

columbia: What to look for in a Realtor? - 10/24/07 03:28 PM
Do you realize you have a choice?
You may think the first person you talk to you are obligated to but not so.  Especially in this market.  If you are a buyer, find a realtor who is going to look after your best interests.  One who is willing to input the time.  Maybe you are ready in a month, perhaps not for six months.  You need to find one who is familar with the market, is honed in on what your needs are and is respectful of what your price range is.  Most importantly one you "gel" witrh.
If you are a seller.... … (0 comments)

columbia: Tons of Space Not Tons of Money - 10/22/07 05:15 PM
Only 199,900
Looking for a great value on a 3 car garage with 4 bedrooms, 2 ½ baths, and walk-in closets? Then come see 5109 Melissa.  This full two story home on a walk-out basement is only 2 years old and is sure to please.  In addition to the tons of space, you are sure to enjoy barbeques on your deck backing to a partially wooded lot.  Call April at 424-2512 for your private tour today or visit her website at http://www.aprilbringsuhome.com/ to view a virtual tour and other listings.
 
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columbia: Elementary School in Columbia - 10/15/07 06:17 PM
The new elementary school at Waco Road is planned to be opened for Fall 2009 school session.  They currently plan to house 525 students.  Of course, this means school boundaries will need to be redrawn again.
This happened five years ago with the opening of Paxton Keeley.  Sometimes the redistricting doesn't make sense to some parents.  I remember when they redistricted for Paxton Keeley.  We had been in Fairview, we were around the corner from Mill Creek but were redistricted into Paxton Keeley.  The furthest elementary school from our home.  Doesn't make much sense right?  I'm currently in Parkade and don't expect … (0 comments)

columbia: For the first time home buyer -- How does the process work anyway? - 10/02/07 02:38 PM
Buying a home can be a delightful yet stressful situation.  However, the first-time home buyer has the fear of the unknown.  You may have questions about how the whole process works?  How do you make an offer?  What happens if it is accepted, countered or rejected?  Do you have to pay an agent?  What sort of expenses can you expect to incur?
You may have started your search on the Internet.  80% of home buyers start their search on the internet.  Once you contact an agent to discuss looking for home, they will should speak with you about two things:
In Missouri they are … (1 comments)

columbia: Affordable Luxury close to MU - 09/29/07 07:07 PM
 
 
When you build a Riley home you know that it is quality through and throuh.  This is quality new construction complete with hand scraped wood-plank cherry floors, tile, gigantic gourmet kitchen with Bosch gas range, over-sized refrigerator, stone fireplace in living room to ceiling, large master suite with separate zen pebble tile shower with massaging jets, oversized jetted tub. Garage is over-sized 2-car with 9' carriage doors.  Extra storage is available off the bonus room.  Enjoy entertaining on the deck with built-in gas grill.  This home has all the bells and wistles.  Visit www.aprilbringsuhome.com for more details.
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columbia: Waterfront Propety in Columbia, MO - 09/29/07 06:34 PM
 
Have it ALL! Located in Thornbrook this home features lake access complete with single garage door for quick boat storage in back. 5 bed, 4 1/2 bath, main floor master, office, formal dining, great room with wet bar, stone gas/wood burning fireplace. Plus nearly 1000 sq ft unfinished storage! An easy transition, the Home Inspection and Termite inspection have already been done! Plus additional painting in some rooms.  You can't miss this opportunity for Waterfront living at it's finest in Thornbrook.
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columbia: Correction - 09/29/07 06:25 PM
So I guess I will finally cave and say that the market it correcting itself.  Here in Columbia, MO we have been pretty isolated from that fact since really real estate is loca.  Lately we have seen a down turn in the 300-400 range of sales.  Which is fine except there are so many of those on the market.  Still a great time for first home buyers though.  There are a lot of great homes out there in the 125-200 range.  A great opportunity for those looking to purchase thier first home. 
 
What have other around the county in similar local's … (0 comments)

 

April Ferrao

Columbia, MO

More about me…

Re/Max Boone Realty

Address: 33 E Broadway, Ste 200, Columbia, MO, 65203

Office: (573) 256-3148

Mobile: (573) 424-2512

Blog mostly about real estate conditions and other topics related to Columbia, MO. Posted by Re/Max Boone Realty Agent


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