YOUR LOCAL CONNECTION

REAL ESTATE, COMMUNITY, EVENTS, INFORMATION

You’ll find our blogs to be a wealth of information, covering everything from local market statistics and trends, home value information, mortgage and loan rates and information, valuable tips and tricks for homeowners. Community events including local things to do with your kids, concerts, and happenings in Shreveport and Bossier City. Subdivision information, local schools and school events. "How to" for the investor, or maybe you want to try your hand at a flip, general investment information

Why? - because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all or any ideas your would like to see more on. We’d love to talk with you!

June 18, 2019

Baker Title & Abstract

Services from Baker Title and Abstract

 

If you are planning on buying a home, it is very important that you align yourself with a knowledgeable Title company/attorney. The home closing process is inherently complicated. There are all sorts of pitfalls that homeowners can fall into if they fail to work with an informed and experienced title/closing attorney. A title company can act as a title closing agent to gauge the quality of the title, issue title insurance, prepare all closing documents in an accurate fashion and provide helpful insight throughout the process. Since certain closing documents such as the promissory note and power of attorney must be drafted by an attorney, you will enjoy the “full service” you desire when choosing a Title company. The result is significantly less stress for all parties involved. These are just a few reasons why we love to work with them and our clients choose Baker Title & Abstract.

At Baker Title and Abstract, they research property titles to ensure they are accurate, and then issue title insurance for the property in question. Title insurance is indemnity insurance to protect the lender and/or the owner from financial loss should a claim against the property arise from a dispute over title.

They also maintain escrow accounts to ensure the funds allocated for a property closing are only used for settlement and closing costs. During a closing, they make sure all titles, deeds and other related documents are properly signed, witnessed and filed with the correct entities. They ensure the closing goes as smoothly as possible.

 

 

Definitions

Title - A bundle of rights for a property in which a party, or parties, may own a legal or equitable interest. Title also refers to a formal document, such as a deed, that documents evidence of ownership of a given property. Conveyance of a title document may be required in order to transfer ownership.

Abstract of Title - Summary of a variety of documents and instruments affecting the title of a real property. This covers records, wills, grants, and conveyances affecting a given title. If such exists, it would also cover any judicial proceedings that may be affecting the property. It also includes a recorded liens and other encumbrances that may be affecting a property, and the present status of said liens.

Title Insurance - Comprehensive insurance to cover against loss arising from defects in the title, or any liens or encumbrances that may be found on the real estate property.

Feb. 19, 2019

VIP Buyer 2019

 

You won't want to miss this. Your time is valuable - Come and go as needed we will be available from 6-8 to provide you what you need.

Jan. 24, 2019

Do You Prefer the Charm of an Existing Home?

Do You Prefer the Charm of an Existing Home? | MyKCM

When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams?

According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home!

They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase.

Below are some reasons why buyers are interested in purchasing a new build:

  • Everything in the house is new/never used (49%)
  • To be close to family (41%)
  • The home is the best value for their money (37%)
  • Appealing home features (34%)
  • Desirable location (34%)

So, then why did most of the buyers surveyed choose not to purchase a new home?

1) Location

Buyers could not find new construction in the desired neighborhood, and some felt that new construction is not established (e.g., landscaping, community, neighbors).

2) Timing

Buyers face the end of a lease or sale of their previous property and could not wait for a house to be built.

3) Price

Some buyers felt that new construction base prices were deceiving. Adding upgrades and HOA fees no longer made the home fit in their price range.

4) Appeal

For some buyers, new construction homes are too “cookie cutter,” and models are limited. Others feel that the charm and uniqueness of an existing house trumps one that’s never been lived in.

Bottom Line

Not all buyers are looking for a newly built house! There are many buyers looking for “the charm and uniqueness” of an existing home. If you are considering selling your house, don’t wait! Let’s get together to come up with a plan to feature the charming details of your house to future buyers.

Jan. 23, 2019

A Step UP Home Inspections

Excited to announce -

LOCAL Business Associate

318.455.9202

A Step UP Home Inspections 

 

Inspection includes

Appliances, windows, outlets, basement, foundation and crawlspace, decks, stoops, porches, walkways, and railings. Drainage sump pumps with accessible floats. Eaves, soffit and fascia, Electrical panels, breakers and fuses, Grounding and bonding. Electrical service line and meter box. Main disconnect and service amperage. Garage doors, safety sensors, and openers. GFCI's and AFCI's. Grading and drainage. Gutters and downspouts. Heating systems and cooling systems. Insulation and ventilation. Interior plumbing fixtures and faucets. Main water shut off valves. Previous Fire or structural damage. Roof, vents, flashings, trim, skylight, chimney and other roof penetrations. Water heating system, Water penetration and foundation movement.

 

   

ABOUT CHRIS

With over 15 years of experience in Residential home inspections, remodeling, restoration, construction and roofing Chris helps give peace of mind to Buyers with his thorough reports.

Errors and omission insurance, General Liability Insurance.

http://www.astepupinspections.com/

Jan. 23, 2019

Selling Your Home?

 Make Sure the Price is Right!

Selling Your Home? Make Sure the Price is Right! | MyKCM

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.

In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year.

They will have to employ the same strategy: be the closest without going over!

As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!

Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!

Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high!

Bottom Line

If you are thinking about listing your home for sale this year, let’s get together to properly price your home from the start!

Jan. 22, 2019

The Difference Having a Professional on Your Side Makes

The Difference Having a Professional on Your Side Makes | MyKCM

In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition of more information, comes more confusion.

Shows like Property BrothersFixer Upper and the dozens more on HGTV have given many a false sense of what it’s like to buy and sell a home.

Now more than ever, you need an expert on your side who is going to guide you toward your dreams and not let anything get in the way of achieving them. Buying and/or selling a home is definitely not something you want to DIY (Do It Yourself)!

Here are just some of the reasons you need a real estate professional in your corner:

There’s more to real estate than finding a house you like online!

There are over 230 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to ensure you achieve your dream?

 You Need a Skilled Negotiator

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer, to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

What is the home you’re buying or selling worth in today’s market?

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

Today’s real estate market is highly competitive. Having a professional who’s been there before to guide you through the process is a simple step that will give you a huge advantage!

Posted in Buyers, Selling
Jan. 17, 2019

Here Comes the INVENTORY

Jan. 15, 2019

The Cost Across Time

The Cost Across Time [INFOGRAPHIC] | MyKCM

Some Highlights:

  • With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
  • Rates are projected to climb to 5.0% by this time next year according to Freddie Mac.
  • The impact your interest rate makes on your monthly mortgage cost is significant!
  • Lock in a low rate now while you can!
Jan. 14, 2019

The Best Time to List Your House?

TODAY!

The Best Time to List Your House? TODAY! | MyKCM

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory in many regions of the country.

In a recent interview discussing the housing market, First American’s Chief Economist Mark Fleming put it simply:

“The biggest challenge is really the availability of supply.”

When we look at available inventory numbers released by the National Association of Realtors (NAR), we see that the actual number of homes for sale has decreased in each of the last five months.

 

The Best Time to List Your House? TODAY! | MyKCM

What does this mean to you as a seller?

The best time to sell is when there is less competition. That guarantees you a better price and fewer hassles in the transaction.

Bottom Line

If you are thinking of selling your house this year, the best time to put it on the market might be right now. Let’s get together to evaluate the demand for your house in our market!

Posted in Selling
Jan. 9, 2019

Top Renovations to Complete Before You Sell Your House

Top Renovations to Complete Before You Sell Your House

Top Renovations to Complete Before You Sell Your House [INFOGRAPHIC] | MyKCM

Some Highlights:

  • If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI).
  • Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
  • Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4th best renovations for returns on investment.