ParklandHomes-December_28_2018

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THANK YOU to all our customers for making 2018 an amazing year!!

#WeMoveThisTown

Friday, December 28, 2018

Parkland

HOMES

welcome home Find your dream home inside or online at

dailyjournalonline.com/homes coldwellbankerhulsey.com 573.756.5711

A Weekly Section From:

Daily Journal Weekly Real Estate Friday, December 28, 2018  PAGE A2

CUSTOMIZE Your HOME SEARCH

By Price, Location & Features Your source for news is now your source for real estate marketing - Over 79% of adults connect with the Daily Journal through our print and digital platforms* - Over 46% of internet users in our area are using dailyjournalonline.com* - 80% of adults in the market access the internet via tablets & mobile devices*

The dailyjournalonline.com/homes advanTages: • Enhanced mobile friendly site • Automatic feed from Maris Matrix

• Fast high performance searches • Large photo galleries

In accordance with the federal Fair Housing Act,we do not accept for publication any real estate listing that indicates any preference, limitation, ordiscrimination based on race, color, religion, sex, disability, family status, or national origin. If you believe a published listing states such a preference, limitation, or discrimination, please notify this publication at fairhousing@lee.net.

Call

431-1999 to subscribe to the

Find your dream home on dailyjournalonline.com/homes POTOSI

$325,000

18094645

Beautiful custom 2980 sq ft 3 bedroom, 2.5 bath home. Entryway and great room have vaulted ceilings and beautiful hardwood floors. Master Suite has his/her walk-in closets, large master bath with soak tub. Kitchen has beautiful granite counter tops,and gorgeous back splash. Solid oak doors and trim throughout the home. Home has well maintained yard with maintenance free deck off the back. Roof is less than 1 year old. Home features a full basement with large safe room.

Fully stocked pond just a short walk from house. Attached 2 1/2 car garage and a detached 1500 sq ft garage with heat & electric. Perfect workshop area! Country living yet just 1 mile outside city limits.

View ALL Listings... coldwellbankerhulsey.com #WeMoveThisTown

Philip Fitzwater 573-701-2596

32 East Liberty Street - Beautiful Downtown Farmington - 573-756-5711

F



or most of us, a home mortgage is the single largest loan we’ll take out in our lives.

PAGE A3  Friday, December 28, 2018

Any financial institution will require income statements and tax information for the last two years, as well as verification about your assets and debts, and they’ll run a credit check. Your credit score and financial strength will help determine the terms of your loan, as will the amount of money you have for a down payment.

Talk to your lender about the different types of loans available. Also ask out state and local programs; some nonprofits or city governments offer down payment assistance to employees or first-time homebuyers.

ConvenTionAl Home loAns

For borrowers who have enough money to put down a 20 percent down payment, lenders offer a conventional loan. According to the Consumer Financial Protection Bureau, the government sets the maximum loan amounts for these types of loans, which can be for 20 or 30 years. Borrowers who don’t have a 20 percent down payment can still get a conventional loan, but they pay an additional mortgage insurance.

vA loAns

The Department of veterans Affairs offers home loans to veterans, members of the military and eligible spouses. The loan comes through a traditional lender, but the federal government guarantees it, which allows for lower interest rate for borrowers. Borrowers also can have a

lower down payment or no down payment at all and do not require mortgage insurance.

UsDA loAns

interested in living somewhere a

Daily Journal Weekly Real Estate

Kinds of mortgages

little more rural? The Department of Agriculture offers no-down-payment loans to low- to moderateincome borrowers who are buying or building in rural areas. This could mean a slightly longer commute, but also a bigger yard, less expensive land and fewer lights at

night. These do not require a down payment and have a significantly lower rate of mortgage interest.

FHA loAns

Borrowers who have less money in savings or a credit score that isn’t quite strong enough for a conven-

tional loan may qualify for a Federal Housing Administration.

The FHA regulates and insures these loans, which allow for a down payment as low as 3.5 percent.

Borrowers must meet certain income requirements as well.

Daily Journal Weekly Real Estate Friday, December 28, 2018  PAGE A4

I

Building Versus Buying

t’s hard to find the perfect house; for most people, it’s a matter of finding the house that meets as many of your wants as possible for the price you can afford.

However, if you know there are some must-haves that you’re just not finding in what’s on the market in your area, consider building your own home. Realtor.com looked at the pros and cons and building versus buying.

UpfRont Costs the median cost of buying an

existing house in the United states is $223,000, which, for the average size lot, is about $148 per square foot. A new home in a comparable market is likely to cost just short of $300,000.

However, homes being built today are typically much bigger than older homes; the median size of a new home is 2,467 square feet, compared to the 1,500-square-foot homes of the 1960s. that works just to just more than $100 per square foot. It also means you’re paying only for what you want; hardwood floors increase the value of a home, but if you don’t want hardwood, it’s not worth paying extra for it. of course, there is no typical real estate market in the United states, so

check out your market.

cold air during the right season.

Realtor.com reported that homes MAIntenAnCe Costs built in this century use about 20 A new home means new applianc- percent less energy in heating than es, water heater, HVAC system, new older homes. Again, this is a larger plumbing and wiring — all of which payout upfront for lower electricity are less likely to break down and bills throughout the year. need to be repaired or replaced, which can get expensive. If they do AppReCIAtIon break down, many of those appliBuilding a home is more of a ances are likely to be covered by financial gamble, particularly in a warranties, and builders also frenew neighborhood. there aren’t quently offer a new construction enough data to know how a new warranty with an upfront cost. neighborhood will age or how the style of a new house will work 10 to eneRgy BIlls 20 years down the line. older houses Build a new home, and you can have a stronger track record on get energy smart appliances and a which to base value. well-sealed house that keeps hot or

Daily Journal Weekly Real Estate 

PAGE A5  Friday, December 28, 2018

Buying: things to Consider

t

here’s a lot to consider when buying a house, and much of it involves finances.

According to the Consumer Financial Protection Bureau, there are a few things every potentially homebuyer should consider as they determine if they’re ready to make a purchase and how to get the most house for the money they have.

Your MonthlY PAYMent Your mortgage payment will be determined by the total amount of the loan, your interest rate and the life of your loan. on top of that, you’ll pay property taxes and home insurance each month. You can look up the taxes of the home you’re buying on your county’s website, and your insurance company can give you a rough estimate how much your insurance will cost.

Additionally, buyers who

put less than 20 percent down may need to pay mortgage insurance, the rate of which depends on the lender.

If you buy a home with a homeowners association, you likely will have monthly dues as well. Depending on the services the hoA offers, this could be $20-$30 a month all the way up to $150 or $200 a month.

Your Down PAYMent For a conventional loan, most lenders want a 20 per-

cent down payment. For many people that may be difficult; in high-cost markets, it may be next to impossible. unless you qualify for a loan program that allows for no down payment, you will need at least 3 to 3.5 percent for a down payment. In addition, you’ll need closing costs, which typically run between 3 and 5 percent of the total loan amount.

Your neeDs AnD wAnts Make a couple of lists —

the first will be what you definitely want in a house, like being in a specific school district, not having too long of a commute, a yard, a twocar garage or so on. the second list will include qualities you’d like to have but aren’t critical, such as proximity to parks or hiking trails, neighborhoods you like or the size of the kitchen, yard or bedrooms.

Daily Journal Weekly Real Estate Friday, December 28, 2018  PAGE A6

C

The Buying Process

ongratulations; you’ve decided to buy a home! It can be a scary process, but whether you’re a first-time homebuyer or seasoned homeowner, it’s good to know what’s ahead for you in the weeks to months you’re looking for and purchasing a house.

U.S. News and World Report’s Guide to Buying a Home walks potential buyers through the steps, the first of which is to find a real estate agent. This professional can answer questions about the housing market, help you set a price and set up appointments to show houses, negotiate with the other party’s agent and walk you through the entire process. Finding a real estate agent you trust is critical; ask friends for recommendations and interview potential agents.

Next, find a lender.

Collecting the necessary paperwork and getting credit checks can take a little while, and many sellers require a pre-approval for the loan amount to entertain an offer. The lender can talk you through the different types of loans, how much you can afford based on your finances and any programs for which you may qualify.

Make a list of what you want in a home and keep it close by as you’re browsing houses. When you visit houses, ask questions, check out all the nooks and crannies, turn on lights and the stove and flush toilets. If

you’re interested in a house, talk to neighbors about what the area is like, figure out what school district you’re in, how long your commute would be and what traffic is like during rush hour. Check your local police department’s website for crime statistics.

When you’re ready to make an offer, get the preapproval for that amount in hand. Your agent will do the necessary paperwork, though you’ll have dozens of papers to sign. You and the seller may go back and forth on the cost. When an offer is accepted, you’ll

make a small escrow payment, then your agent will help you find an assessor to examine the house for problems, which you and the seller can then negotiate to get resolved.

Your lender also will hire an appraiser to assess the value of the home; most

lenders will not make loans for more than what the house is appraised for. At the end of the escrow period, you’ll go to the title company, sign more paperwork and pay closing costs and down payment.

a of the p

rkland

OFFICE

CELL

e I’ll do th you! for running

Best 2018

#vickycrockerrealty

1136B N Desloge Dr. - Desloge

reDuceD

Daily Journal Weekly Real Estate

573.747.8099 573.327.8300



Farmington / $119,900

Spacious 2 bedroom, 2 bath ranch condo with an open floor plan. The kitchen has lots of cabinets, counter tops and a breakfast bar for quick meals. The home also has a formal dining room for larger gatherings. The large living room with gas fireplace makes the perfect place to cozy up on a cold winter day.

18082545

Park Hills / $139,900

Adorable “farm house style” home sitting on a 1/2 acre more or less.

Stepping in you will be in awe of the charm & character accented with shiplap, french doors, engineered hardwood & more. The living room and adjoining dining room make the perfect place to entertain family & friends.

18082149

Farmington / $459,000

Custom built/vinyl brick home on 3.38 acres with high efficiency Anderson windows,geothermal HVAC & cellulose insulation.Living room was designed with a beautiful natural gas stone fireplace with natural cut & polished stone hearth & built in bookcases. Stunning kitchen entices any cook,custom cabinets/back splash,quartz counter tops, beverage cooler,wine rack, 50 yr old butcher block, pull outs for beverages, spices & more.

18074001 Terre du Lac / $349,900

Bonne Terre / $109,900

Immaculate 3 bedroom home with potential for a 4th bedroom.

This lovely home has been well cared for, just freshly painted and carpets cleaned. It’s ready for you to move in. This home will make you feel right at home, whether you are enjoying the gas fireplace in the spacious living room or preparing meals in the large kitchen that comes with all appliances.

18087891

Park Hills / $150,000

Immaculate 2 bedroom, 2 bath condo! From the covered front porch you will enter a large foyer and step into a beautiful open floor plan.

The spacious living room has a gas fireplace to warm you on cool evenings. The spacious kitchen has lots of cabinets & counter tops, all appliances included makes the perfect place to prepare meals.

18081402 Ironton / $119,000

Beautiful rehabbed 3 bedroom, 2 bath home in great location. This lovely home has an open floor plan, large master bedroom with spacious master bath and a 7 x 7 walk in closet. The home is all electric, new electric central heat & air conditioning. The kitchen has new Frigidaire appliances, center island and lots of counter tops.

18029961

GORGEOUS lakefront home on beautiful Lake Carmel! You will be in awe as you walk into the light, open, and airy 26x20 great room which boasts an amazing stone fireplace. The main level contains a large master suite, second bedroom, second bath, and laundry. The large kitchen has granite counter tops, massive center island and an abundance of cabinet storage space with TWO pantries!

Leadwood / $32,900

Investors take a look! This all electric home on large lot includes a metal roof, and features a carport and detached garage. The home is in need of some updating but the seller has made many updates that include newer windows, vinyl siding and upgrades to electric.

18003833 Desloge / $59,900

Charming 2 bedroom home on large corner lot . From the large covered front porch to the spacious living room you will enjoy time with family and friends in this great home. The home is all electric and has a newer roof and water heater.

Looking for a cozy place to call home, call for a showing today!!

Vicky Crocker Realty would like to wish everyone a Happy New Year! www.facebook.com/vickycrockerrealty

PAGE A7  Friday, December 28, 2018

18090653

18091256

Daily Journal Weekly Real Estate Friday, December 28, 2018  PAGE A8

900 Hwy OO • FREDERICKTOWN, MO

573-783-8231

www.swinfordrealtyllc.com

Gabe Swinford

NEW LISTING

Realtor® Broker Associate Cell: 573-225-0374

#18091587 • 1086 MADISON 207 • FREDERICKTOWN

MaTT STaCY

Realtor® Sales Associate Cell: 314-223-0488

aMY STePHenS Realtor® Broker Associate Cell: 573-783-0260

GREAT LOCATION

GeoffreY McdoweLL Realtor® Sales Associate Cell: 314-808-0449

LUKe waGGaner Realtor® Sales Associate Cell: 636-795-9504

24X30 SHOP

#18057148 • HILLSBORO ROAD • FARMINGTON

#18065535 • 308 BENSON ST • FREDERICKTOWN

$224,900

$225,000

$114,900

UNDER CONSTRUCTION! 1863 sq. ft. home with 3 beds and 2 baths on a walkout basement. Featuring an open main living space, nice size kitchen with island and main floor laundry. This home will be move in ready with nice finishes, including stainless appliances. Enjoy the outdoors on the covered deck or take a walk down to the Little St. Francis River bordering the back of the property. Conveniently located minutes from Hwy 67, with county water and Black River Electric!

9.61 acres just outside the Farmington City limits. Property lays well, has over 400’ of road frontage and would make a great sight for residential development.

Low maintenance West side home with 3 bedrooms and 1.5 baths.

The main floor features new flooring, and an updated kitchen and bath while the full basement includes a tuck under garage, spacious laundry room, 1/2 bath and lots of storage. Great outdoor space in the back yard with a patio, privacy fence, lots of mature shade trees and a like new 24x30 shop building for all your projects and toys. Located on a quiet, one block street, just a stones throw from the park.

HWY 67 FRONTAGE

2 BED / 1 BATH

$85,000

$63,500

24.29 acres with highway 67 frontage, electric on site and county water available. Located just north of Fredericktown with county road access.

Would make great homesites or ?????

Recently remodeled 2 bed, 1 bath all-electric home. New roof, siding, windows, doors, cabinets, paint, trim, flooring, electric panel, and HVAC all installed in 2016. Outside features a patio, covered front porch, carport, and additional outside storage. This low maintenance home is situated on a level lot, and is ready for it’s new owners!

#18048450 • MADISON 517 • FREDERICKTOWN

PICK

11.98 ACRES

#18084871 • 712 S MINE LA MOTTE • FREDERICKTOWN

YOUR

TRACT

16.15 ACRES

14.44 ACRES

#18086923 • 1060 MADISON 92112 • MARQUAND

#18086941 • 1282 MADISON 92112 • MARQUAND

#18083551 • 2862 HWY A • MARQUAND

$30,000

$32,000

$37,500

11.98 wooded acres just off a paved highway. Electric close by, recent survey & thousands of acres of National Forrest just across the highway. Located 4 miles East of Cherokee Pass & Hwy 67, just minutes from the Castor & St. Francis Rivers. This property would make great place to build that weekend cabin or new home!

16.15 wooded acres on a private road with electric easement & recent survey. Minutes from the Mark Twain National Forrest, Castor & St. Francis Rivers. Hunting, fishing, hiking or trail riding all just a stones throw away.

All this conveniently located 4 miles East of Hwy 67, just south of Fredericktown.

14.44 surveyed acres with paved Hwy frontage, electric on sight and joins thousands of acres of National Forrest. Located 4 miles East of Cherokee Pass & Hwy 67 just minutes from the Castor & St. Francis Rivers. This property would make great place to build that weekend getaway or full time residence you have dreamed of!