st louis real estate: St. Louis Real Estate - Did You Bail? - 10/13/08 02:20 PM
Last week was indeed a mess. Panic to the left of me, panic to the right, bail out, sit tight, . . .!Thought I was going to lose it when I heard about the mortgage re-negotiation plan . . . sounded like a sure fire way to take a 5% problem and turn it into 15% problem overnight.
Anybody get excited when the news came out that there were 5 million mortgages in default because loans were issued to illegal aliens?
So the media does its thing. . . something like shouting "FIRE" in a theater and fear takes over.
That was last week. … (0 comments)

st louis real estate: St. Louis Real Estate - Financial Meltdown - 10/12/08 01:33 AM
"Too weird for words"...that's our financial world right now. 
As a result, Chicken Little is running wild!  And he is providing fuel for every single media outlet in this country.  "The sky is falling, the sky is falling..."  Well, unless you're willing to live in a bomb shelter that your grandparents or great grandparents built and eat canned goods for the next 12-18 months, you would do well to be calm in the face of this storm that we're in today.   Because let's face it, the storm's hit and the fan is blowing at high speed.  
So let's talk reality about … (1 comments)

st louis real estate: St. Louis Real Estate - Building Inspection - Termites - 08/12/08 09:26 AM
TERMITE INSPECTIONS FOR REAL ESTATE TRANSACTIONS by Harry Morrell, Allied Building Inspections LLC
A full building inspection for a house involved in a Real Estate transaction does not necessarily mean that a termite inspection is included. Inspectors must have a special license in the state of Missouri to inspect for termites. It is true that inspectors will call out wood structural components that have been damaged by termites, whether the damage is significant or just minor. However, observing and reporting termite presence will not generally occur if a full termite inspection is not included with the building inspection. Keep mind that … (0 comments)

st louis real estate: St. Louis Real Estate - Home Staging - To Stage or NOT - 08/10/08 01:26 AM
To Stage...Or Not to Stage...That is the Question, for Home Sellers and Listing Agents by Sue Rector, We Stage St. Louis.
Clutter...Too Much Furniture...Personalized Wall Colors and Patterns...Those Collectibles...
In this market, anything and everything needs to be done to give your house the edge, whether you are the Seller or the Listing Agent.
There is so much inventory out there, Buyers need not rush into anything until they find that special house....the one where they can visualize themselves living there, with their things.  The house that emits those warm fuzzies!  The house that makes them feel like they are at home!
How does your … (0 comments)

st louis real estate: St. Louis Mortgage News - Housing Assistance Tax Act of 2008 pt 2 - 08/05/08 02:22 PM
Credit for First-Time Home-buyers by Chris Scheer, Cornerstone Mortgage, O'Fallon, MO
The single largest provision in the Housing Act is a measure allowing taxpayers buying their first home to take a tax credit of up to $7,500 of the purchase price. Qualified home-buyers can subtract the credit amount from their federal income tax when they buy a home and even get a refund if the credit exceeds their tax. However, they are then required to pay the credit back over fifteen years. The result is that the credit resembles an interest-free loan that must be repaid to the government.
Here are … (0 comments)

st louis real estate: St. Louis Mortgage News - 2008 B Rates - 08/03/08 09:44 AM
Here we go! by Chris Scheer, Cornerstone Mortgage, O'Fallon MO
It is actually going to happen! The new rates for the 2008B are as follows:
CAL for Government loans 6.9%
NON CAL for Government loans 6.45%CAL for Conventional loans 7.3%NON CAL for Conventional loans 6.85%
The window for reservations will open at 8 am on Monday August 4th.  As soon as you have a confirmed reservation you may close loans.  All loans in this bond issue will be sold to the new master servicer US Bank.  Training with the master servicer will start on Tuesday August 5th in Columbia and on Wednesday August … (0 comments)

st louis real estate: St. Louis Mortgage News - What Was I Thinking - 07/23/08 02:08 PM
What was I thinking? by Chris Scheer, Cornerstone Mortgage, O'Fallon, MO
The wonderful thing about interest rates is that you never can truly predict what direction they are heading in.  For those of you that read my last post about rates going down, you at this point think I am a complete fool!  At some level you might be right; however the same pressures that existed when I wrote that article are still there.  They just have had some short term relief and the usual unpredictable influences that occur from time to time affect them.  Let's talk about where we were, … (0 comments)

st louis real estate: St. Louis Mortgage News - Goodbye Tiny Dancer - 07/14/08 12:26 PM
Goodbye Countrywide and Goodbye to their step brother Indy Mac by Chris Scheer, Cornerstone Mortgage, O'Fallon, MO
The Federal Reserve stepped in and took over Indy Mac bank on Friday. 
This comes as no shock to members of the mortgage industry as recently Indy Mac announced it was ceasing its retail mortgage operations.
So why do I call Indy Mac Countrywide's step brother? 
For years Indy Mac mirrored all the lending programs that Countrywide created, almost to the point where unless you looked at the login page when you were visiting their site, you could not tell the 2 companies apart.  … (0 comments)

st louis real estate: St. Louis Mortgage News - The View From 30,000 Feet - 07/05/08 04:16 AM

St. Louis Real Estate Voice guest editor Chris Scheer takes a look back at the past 12 months of the mortgage industry and a hopeful look forward.
As a buyer, seller, or investor, how do you feel about the mortgage mess and how has it affected your home purchase plans? . . . what's the view from street level?
What a difference a day makes! by Chris Scheer, Cornerstone Mortgage, O'Fallon MO
Over the past 11 months the mortgage industry has gone through one of the most tumultuous times in recent history.  As mortgage companies went out of business, others … (1 comments)

st louis real estate: Mehlville MO Real Estate - Market Snapshot - 07/04/08 04:55 AM

Successfully pricing homes in the Mehlville Missouri Real Estate market. by Doug Aegerter, Keller Williams Realty Southwest.
The St. Louis Home For Sale Team is resuming neighborhood snapshot reports and this is the sixth in the current series, featuring Mehlville, MO.
The Mehlville MO Market Snapshot reviews the Mehlville Missouri Real Estate market during the past six months and touches upon the complete spectrum of property that was listed and sold.
If you want to drill down deeper into an area, maybe a subdivision or your street. . .fill out a free CMA request and we will be happy to accommodate you. This service is absolutely free and without obligation.
(0 comments)

st louis real estate: Oakville MO Market Snapshot - 07/03/08 01:33 PM

Successfully pricing homes in the Oakville Missouri Real Estate market. by Doug Aegerter, Keller Williams Realty Southwest.
The St. Louis Home For Sale Team is resuming neighborhood snapshot reports and this is the fifth in the current series, featuring Oakville, MO.
The Oakville MO Market Snapshot reviews the Oakville Missouri Real Estate market during the past six months and touches upon the complete spectrum of property that was listed and sold.
If you want to drill down deeper into an area, maybe a subdivision or your street. . .fill out a free CMA request and we will be happy to accommodate you. This service is absolutely free and without obligation.
(0 comments)

st louis real estate: St. Louis Real Estate - Market Snapshot - Affton MO - 07/02/08 06:22 AM
Successfully pricing homes in the Affton Missouri Real Estate market. by Doug Aegerter, Keller Williams Realty Southwest.
The St. Louis Home For Sale Team is resuming neighborhood snapshot reports and this is the forth in the current series, featuring Affton, MO.
The Affton Market Snapshot reviews the Affton Missouri Real Estate market during the past six months and touches upon the complete spectrum of property that was listed and sold.
If you want to drill down deeper into an area, maybe a subdivision or your street. . .fill out a CMA request and we will be happy to accommodate you. This service is absolutely free and without obligation.
To learn more … (0 comments)

st louis real estate: St. Louis Real Estate - Market Snapshot - Webster Groves MO - 07/01/08 10:41 AM
Successfully pricing homes in the Webster Groves Missouri Real Estate market. by Doug Aegerter, Keller Williams Realty Southwest.
The St. Louis Home For Sale Team is resuming neighborhood snapshot reports and this is the third in the current series, featuring Webster Groves, MO.
The Webster Groves Market Snapshot reviews the Webster Groves Missouri Real Estate market during the past six months and touches upon the complete spectrum of property that was listed and sold.
If you want to drill down deeper into an area, maybe a subdivision or your street. . .fill out a CMA request and we will be happy to accommodate you. This service is absolutely free and without obligation.To … (0 comments)

st louis real estate: St. Louis Real Estate - Market Snapshot - Kirkwood MO - 06/30/08 01:27 PM

Successfully pricing homes in the Kirkwood Missouri Real Estate market. by Doug Aegerter, Keller Williams Realty Southwest.
The St. Louis Home For Sale Team is resuming neighborhood snapshot reports and here is the second in the current series, featuring Kirkwood, MO.
The Kirkwood Market Snapshot reviews the Kirkwood Missouri Real Estate market during the past six months and touches upon the complete spectrum of property that was listed and sold.
If you want to drill down deeper into an area, maybe a subdivision or your street. . .fill out a CMA request and we will be happy to accommodate you. This service is absolutely free and without obligation.
If … (0 comments)

st louis real estate: St. Louis Real Estate - Market Snapshot - Fenton MO - 06/28/08 02:42 PM
Successfully pricing homes in the Fenton Missouri Real Estate market. by Doug Aegerter, Keller Williams Realty Southwest.
While Art is off drowning worms somewhere and the Weekly Market Report is MIA, I'm filling in with a Market Snapshot for the Fenton, MO residential home market.
The St. Louis Home For Sale Team is resuming our neighborhood reports and we're kicking it off with Fenton, MO. The Fenton Market Snapshot reviews the Fenton Missouri Real Estate market during the past 6 months and touches upon the complete spectrum of property that was listed and sold. This report excludes the part of Fenton that is in … (0 comments)

st louis real estate: St. Louis Real Estate - Mortgage News - FHA takes the gloves off - 06/18/08 10:22 AM
FHA Lifts 90 Waiting Period by Chris Scheer, Cornerstone Mortgage, O'Fallon, MO
In a move to help get foreclosures off the books of lenders quicker and help avoid deterioration of properties that have been foreclosed upon the Department of Housing and Urban Development has lifted their ban on writing a contract if the title has changed in the past 90 days. 
See the following article: FHA Lifts Waiting Period, Extends Insurance Coverage
For further clarification you can visit HUD's website.
 
 
(0 comments)

st louis real estate: St. Louis Real Estate - Mortgage News - Foreclosure - 06/16/08 01:49 PM
Summer is almost here! by Chris Scheer, Cornerstone Mortgage, O'Fallon, MO
After spending 5 of the last 7 days on the golf course, I realized (not for the first time) that my future is not in professional golf.  Thus I am resigned to continuing to help people achieve the American Dream of home ownership.  So what is going on in the real estate world you ask? 
Well we finally have the long awaited change in FHA mortgage insurance premiums coming into play. Therefore after July 14, 2008 it will be more expensive for borrowers with less than stellar credit to purchase a home.  … (2 comments)

st louis real estate: St. Louis Real Estate - Building Inspection - The Report - 06/02/08 12:53 PM
UNDERSTANDING THE REPORT by Harry Morrell, Allied Building Inspection, ASHI Certified Inspector
Home inspection reports have made dramatic changes from its earliest beginnings of 25-30 years ago to now. Although there still are old time inspectors providing hand written check lists type reports, most of today's inspectors provide comprehensive computer generated reports that include color digital pictures. Even though these newer upgraded reports look spectacular compared with the obsolete hand written check lists, a new set of problems and concerns has raised its ugly head.
There are a wide variety of home inspection computer software programs on the market that today's … (0 comments)

st louis real estate: St. Louis Real Estate - Home Staging - Eye of the Tiger - 05/27/08 01:37 PM
The Buyer's Eye by Sue Rector, ASP Stager, HomeStaging Innovations, LLC
The Buyer's Eye...that is what every home seller wants to attract! Home Staging is all about attracting the Buyer's Eye.
In all types of real estate markets, but especially in a market as we have currently, home sellers must do as much as possible to make their house stand out from the large competition pool of houses in their neighborhood.  Staging your home, whether occupied or vacant, presents the house in the Best Possible Showing Appearance for internet marketing pictures and most importantly, for the personal showings...that is for the … (1 comments)

st louis real estate: St. Louis Real Estate - Mortgage News - Live Talk - 05/19/08 05:04 AM
Someone Finally Heard the Message! by Chris Scheer, Branch Manager, Cornerstone Mortgage, O'Fallon, MO
Stop the presses!  After attempting to brand myself as "Your Residential Lending Expert" for over the past 2 years, one of my past clients has finally heard the message.  Dave Simons who hosts the "Dollars and Sense" money show on KMOX 1120 AM radio has asked me to join him on Wednesday, May 21, 2008 to discuss what is going on in the mortgage industry.  At this time I am scheduled to go on air at approximately 10:10 a.m.  The length of the visit should be around … (0 comments)

 

Doug Aegerter

Fenton, MO

More about me…

Keller Williams Realty St. Louis

Address: 10936 Manchester Rd, St. Louis, MO, 63122

Office: (314) 677-6424

Mobile: (314) 640-1778

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