St Louis Real Estate Blog | St Louis Real Estate Today

July 27, 2017

Rising Home Prices Mean Great News for Homeowners Wanting to Sell

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we've seen, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s Homeowner Equity Report, the average American household gained over $14,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home during the 1st quarter of 2017 (the latest data available).

Best time to sell your St. Louis Home

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, pay off their mortgages sooner and even move up to the home that will better suit their needs now.

So what does this mean for YOU?

If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options!

Curious how much your home is worth? Click below...

How Much is Your Austin Home Worth?

July 14, 2017

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

There are over 180 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 make sure that you achieve your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $185,000 compared to $245,000 among agent-assisted home sales.” Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and 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.

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

July 13, 2017

Top Home Renovations for Maximum ROI [INFOGRAPHIC]

Some Highlights:

  • Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
  • While big projects like adding a bathroom or a complete kitchen remodel are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
  • For more information about top renovation projects that net you the most ROI, you can check out the complete list here.
July 9, 2017

Interior Design: Hottest Colors Trends of 2017

We all know color can play a big role in the overall feel of room, and it's been known to even increase the resale value of a home. However, keeping up with the latest trends can be somewhat intimidating. How do you know what trends to adopt, or which to avoid? This week we chatted with Brienne Neumann, the home stager for Papasan Properties.

Her pick? The color of the moment is Poised Taupe, which she describes "as if brown and and gray had a baby."

The tone is much warmer than the gray that has been so popular in the past, and is a great compliment to the jewel tone accents that are the hot trend now.

2017 Interior Color of the Year Poised Taupe                                      

Need help prepping your home for a quick sale? Curious what it might be worth? Visit to find out instantly.                       

July 9, 2017

The Dreaded "Domino" Closing...Do You Dare?

In real estate few things strike fear into agents, lenders, and title officers like the dreaded "domino" closing. It's likened to the boogie man and once you've had one, you'll probably talk about it for years to come. So what exactly is it? 

Jemme Pherigo, Closing Manager Papasan Properties Group

To learn more, we chat with Jemme Pherigo, our resident closing expert. Jemme has been with Papasan Properties for over four years as the Closing Manager and has handled nearly 500 transactions during that time.

What is a "domino" closing exactly?

J: A domino closing is the nickname for a transaction in which the clients are both closing on the old home and buying their new home all on the same day.

Why are these types of closings so tricky?

J: If everything doesn't go as PERFECTLY planned and the banks/lenders are not able to fund the transaction by 5pm, the client does not get their keys. With your average real estate transaction there is at least 250 things that can go wrong during the process. During a "domino" closing you are doubling the amount of things that could go wrong. The clients need the proceeds from the sale of their home in order to purchase their new home, so you need the one closing to go smoothly in order to fund the other.

Have you dealt with one of these transactions before?

J: Yes, to be successful you must have a trusted team of lenders and title agents that will work closely with you and keep the lines of communication open. During the process, I am literally on the phone several times a day double-checking to ensure everything is progressing as scheduled and handling any foreseeable setbacks before they become an issue.

In one particular case, we had clients that insisted not only on a domino closing, but also attempting it on a Friday which meant that if there was a complication they would not have a place to stay for the weekend. To tackle this risky closing, we had the closing of their current home scheduled for first thing in the morning, and then the second closing scheduled for right after.  We asked the escrow officer to take care of the funding paperwork first and then send it over to the lender immediately, rather than waiting until the end of the closing (usually an hour) to be over before getting funding started.

These types of situations are exactly why it is so important to have a great relationship with a lender. A lender who has the same high standards of customer service and attention to detail as you do. We also made sure both title companies had each others information and were communicating to get the funds transferred quickly. We were relentless about staying on top of the transaction from start to finish.

How did it all work out? 

J: Both closings funded on time, the clients were able to get their keys, and move in to their new home. Homelessness avoided!

Any last tips for homeowners considering this type of closing? 

J: First of all, we NEVER recommend closing on two houses on the same day because of the logistical nightmare. And especially not to try it on a Friday. We understand how stressful it can be when things don't go exactly as planned and do not want our buyers living out of suitcase in a hotel room for the weekend.

Our goal is to shoot for closings on Tuesdays, that way it gives us enough time to work out issues that sometimes pop up towards the end that are out of our control. That being said, if a client is determined to move ahead with a "domino" closing, we have the expertise and resources to handle it.

June 22, 2017

JUST LISTED | 12308 Fox Ct Sunset Hills | 4 BD | 2.5 BA | 3085 SQ FT | Offered at $524,900 | MLS # 17048424

JUST LISTED | 12308 Fox Ct Sunset Hills

 4 BD | 2.5 BA | 3085 SQ FT | Offered at $524,900 | MLS # 17048424

OPEN HOUSE: June 25th 1-4 pm

12308 Fox Ct Saint Louis, MO 63127

This wonderful home is on a cul de sac in the heart of the highly sought after Sunset Hills and Lindbergh schools. It sits on a level lot close to stores and restaurants. Step through the large wooden front door to custom millwork, crown molding, and some vaulted ceilings. It has zoned heating and AC for your comfort. Downstairs has a large game room with a wet bar, pool table, half bath, a possible extra bedroom and a utility room with a washer and dryer. The pool table, washer and dryer all convey. Walk out to your own hot tub in the privacy of your beautiful, park like backyard.


Posted in Listings
May 12, 2017

SOLD | 1089 Hidden Ridge Trail | Cliffridge | 3 BD + Bonus room | 3 BA | Offered for $145,000 | MLS #17036400

1089 Hidden Ridge Trail | Cliffridge
3 BD + Bonus room | 3 BA | Offered for $145,000
MLS #17036400


This spacious, multi-level townhouse offers 3 large bedrooms, ample storage, and a nice updated kitchen. Very bright, open floor plan with lots of windows. The home has a finished basement which includes one true bedroom and an additional bonus room/sleeping area too! Great updates include hardwood floors, stainless steel appliances, granite tops & breakfast bar, granite vanities, recent water heater, and gas log/wood burning fireplace. Outside, the home has one assigned carport space and a great view from the deck! Within walking distance to county park and excellent walking trails, plus easy access to 141/ I-44 via Hanna road and Big Bend. Hurry and view this you will not be disappointed!

MLS # 16075628


March 17, 2017

SOLD | 2700 Arkansas | Tower Grove East | 5 BD | 3.5 BA | 2766 SQ FT | Offered at $275,000 | MLS #16075628

2700 Arkansas | Tower Grove East
5 BD | 3.5 BA | 2766 SQ FT | Offered at $275,000
MLS #16075628

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March 10, 2017

PENDING | 2219 Whitby | Chesterfield 4 BD + bonus | 3.5 BA | 4161 SQ FT | MLS #17006457

2219 Whitby | Chesterfield
4 BD + bonus | 3.5 BA | 4161 SQ FT | Offered at $515,000
MLS #17006457

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Feb. 10, 2017

SOLD | 6506 Scanlan Ave | 63139 | 3 BD | 2 BA | 1694 SQ FT | MLS #17008646


6506 Scanlan Ave | Lindenwood Park
3 BD | 2 BA | 1694 SQ FT | Offered at $199,000

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Posted in Saint Louis MO