Posts from September 2022
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30
Real Estate Slowdown Indicates a Healthy Housing Market
30
Sell Smart or Sell Fast? You Can Do Both!
Earlier in the year, homes were selling at breakneck speeds. Freddie Mac reported that "Nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations." With that kind of demand, home improvements took a back seat. However, today, the market is finding a new equilibrium - and so are sellers. Buyers have more options and can afford to be more selective. So now more than ever, sellers need to be smart about what renovations they choose to take on before listing their homes. Here is the latest data on cost recovery on remodeling projects for both interior and exterior remodeling projects.
Graph provided by the National Association of Realtors
30
What is Loan-to-Value (LTV) and Why is it Important?
By Chris Schneider, Vice President of Ruhl Mortgage The loan-to-value (LTV) ratio is a metric lenders use to measure the amount of debt used to buy a home compared to the value of the home being purchased. LTV is important because lenders use it when considering whether to approve a loan and/or what terms to offer. The higher the LTV, the higher the risk for the lender - if the borrower defaults, the lender is less likely to be able to recoup their money by selling the house.
What is LTV?
The loan-to-value ratio is a simple formula. (LOAN AMOUNT / HOME VALUE) * 100 = LTV% EXAMPLE: ($80,000 LOAN / $100,000 HOME VALUE) * 100 = 80% LTV Hint: This could also be considered in the reverse. For example, a borrower with 20% down payment has an LTV of 80%
29
Eastern Iowa Pumpkin Patches and Apple Orchards
October is here! We don't know about you, but we can smell the spiced apples and pumpkins already! No matter where you are in the eastern Iowa area, there are plenty of patches and orchards to stock up on farm-fresh apples and pumpkins. Depending on where you go, you can pick up renowned local fall specialties as well: pumpkin spice donuts, fresh apple cider, apple butter, and so much more! It's a great seasonal way to spend time with loved ones and to get outside for some fresh air before the cool weather starts to set in. Hope to see you out there!
Burlington Area
Appleberry Orchard: All your favorite fall squash, ripe for the picking! In addition to an apple orchard an...
12
What's Happening in Moline - Restaurants
Coffee/Cafes
Revive Cafe is a wellness center offering everything from your morning brew to yoga and massage. But in terms of food, Revive is a great place to find local, sustainable, and from-scratch items that are delicious and environmentally friendly! Dead Poet's Espresso Ever wondered what Shakespeare would be if he was a drink? According to this Moline cafe, he's a salty turtle mocha. An enchantingly themed cafe, Dead Poet's Espresso will have you thinking outside the box when it comes to your afternoon coffee treat. There is breakfast and then there is a QC Pancake House breakfast. Ph...
