STL Real Estate has been directing buyers and sellers to real estate professionals in the greater St. Louis metropolitan area since 2002. We aim to provide our visitors with a showcase of real estate and homes for sale across the STL metro area. For most people choosing a real estate agent is the best way to go. For example, a real estate agent can help you with the proper paperwork, find out information about the home, can help you find a piece of property within your budget and in the area you want to live in, as well as several other cost effective services. Unfortunately, a real estate agent will be slightly more expensive than a for-sale-by-owner listing, because they charge a percentage on the top. However; considering the time and frustration that you can save by purchasing a house through a real estate agent, you can consider the money well spent.
The St. Louis real estate market appears to have stabilized after being impacted by the burst of the housing bubble in 2008. While the median sales price of $71,950 is down 5.9 percent as compared to last year, the average listing price of homes in the St. Louis area is on an upward trend for the first half of 2011. Approximately one-third of the residential properties on the market in St. Louis can be categorized as distressed, presenting some downward pressure on home values. This effect is mitigated by the vibrant population growth in the area as people relocated for employment opportunities or to retire in a stable community with a variety of activities to enjoy.
Pros & Cons of For Sale by Owner Listings:
A For-Sale-By-Owner listing is a piece of property that has been listed for sale by the owner. Usually this type of listing will be slightly cheaper (but not always), but this is one of the only real benefits. However; you should watch out for occasional St. Louis homes that is overpriced by a seller who either won’ t know the value, or is hoping that you won’t know it. The negatives of a For-Sale-By-Owner listing include that the seller probably has no idea what he or she is doing, might not have filed for the proper paperwork, and won’t know about any taxes, liens or restrictions inherit with the property. For Sale by Owner listing are best for people who know what they are doing and have purchased property before because there can be a lot of complicated paperwork involved.
Benefits of Loft Living: If you’re thinking about getting a new house, and have the opportunity to get a loft, then you may be wondering if there are any benefits to loft living. A loft is usually a cross between a standard apartment and a studio apartment, and is usually quite open, with very high ceilings. While a loft may or may not be the right option for you; there are several benefits to living in a loft apartment that you should learn about before you make your decision.
With many St Louis homeowners finding they owe more to the bank than the fair market value of their home, short sales have become more prevalent in real estate listings of most areas of the United States. A short sale occurs when the homeowner’s lender agrees to accept less than the outstanding balance on the mortgage as payment in full. While short sales are tools used to avoid foreclosure in many circumstances,homeowners who owe more they can get when they sell their home use short sales when they need to relocate for a job. Short sales have advantages for both the buyer and seller of a property, though the transaction differs from traditional St. Louis home sales.