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132 Commercial Drive • Fredericktown • 783-4600

Parkland

HOMES

PAGE R1  Friday, July 9, 2021

www.fredericktownmorealestate.com #21043378 210 williams • FRedeRiCktown

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3-BR, 1-BA BRICK RANCH IN FREDERICKTOWN: Located on the West side of Fredericktown, this 3-BR, 1-BA offers new flooring, paint, cabinets and countertops. This home is near the hospital and is move-in ready!

$144,900 #21041353 Co Road 535 • FRedeRiCktown

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$64,900

8.08 ACRES W/ WELL, ELECTRIC & ACCESS TO THE BIG ST. FRANCIS RIVER: Located just up river from Mill Stream Gardens, this 8+ acres offers a great place to build or set up your camper. It already has the well & electric in place and a nice shooting house and shooting range. The seller reports the deer hunting is fantastic. There is access to the Big St. Francis River for fishing, swimming and kayaking, which makes this property ideal for the outdoor enthusiast.

#21034174 110 maRshall • FaRmington 4-BR, 1-BA in FREDERICKTOWN SCHOOL DISTRICT: Check out this 4-BR, 1-BA home in a nice older established neighborhood of Fredericktown. This home needs a new family to call it home!

$94,900

Tom Priday 573-760-3518 Broker/Associate Kay HarPEr 573-760-7943 Sales Associate JaSoN dEES 573-760-5626 Sales Associate LaNcE curEToN 573-561-4400 Sales Associate miSTy BroWN 573-944-7749 Sales Associate

Friday, July 9, 2021

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Daily Journal Weekly Real Estate Friday, July 9, 2021  PAGE R2

PERSONAL FINANCE

More than the mortgage

The multiple costs to consider when buying a home

COSTS TO FACTOR IN WHEN BUYING A HOUSE

JENNIFER BRADLEY FRANKLIN

Bankrate.com

W

hen a favorable mortgage offer comes your way, you may think, “Great! I can afford my dream home.” You may be able to, but the costs associated with buying a home go beyond the mortgage payment. To determine how much house you can afford, it’s important to factor in the additional expenses you’ll encounter, before committing to a mortgage.

Home prices today The price of a home is a big factor in overall costs. Expect higher prices and tougher competition in today’s market. As of March 2021, the median existing home price was $329,100, according to the National Association of Realtors, a 17.2% increase from a year ago, and existing single-family home prices were at a record high of $334,500, an 18.4% hike from last year. The median price of a new-construction home was $330,800, according to the U.S. Department of Housing and Urban Development.

How to prepare The costs of buying and owning a home can add up quickly, so it’s important to prepare — save money, improve or maintain your credit and compare lenders to get the best mortgage rates possible. Matt Hester and Ross Hester, father and son co-founders of The Hester Group, Harry Norman Realtors in Atlanta, recommend seeking advice from lenders, accountants or financial planners. Without proper preparation “your monthly expense budget can be flipped on its head,” Matt Hester says.

Down payment

Closing costs

Property taxes

Insurance

The down payment is the part of the home’s purchase price you pay upfront, rather than financing it through a mortgage. If you’re buying a $200,000 home, for example, and put 10% down, or $20,000, you’d be getting a mortgage for $180,000. If you choose a conventional or FHA loan, a down payment is required. The amount of the down payment that’s needed is based on the home’s price and property type, as well as the loan product. For a conventional loan, it depends on the lender and loan type — you might put down 3%, 10%, 20% or more. With an FHA loan, you could be able to put down as little as 3.5%. Loans without a down payment requirement include USDA loans, for borrowers buying in designated markets (generally rural), and VA loans, for eligible service members and veterans.

Before you get the keys, you’ll need to pay all of the fees associated with your home loan. These range typically from 2% to 5% of the loan principal, and can include: „„ Application fee „„ Appraisal fee „„ Credit check fee „„ Origination and underwriting fees „„ Title insurance „„ Title search fee „„ Transfer tax (if applicable) “There are a number of standard closing items for which the actual cost will vary based on the value of the home and also the partners you work with,” Ross Hester says. If you’re lean on savings, many lenders offer a no-closing-cost mortgage option, in which the closing costs are added to your loan principal or otherwise paid for in the form of a higher interest rate. These save you upfront fees, but can cost you more in the long run.

In most places, your city or county government requires you to pay property taxes on your home for as long as you own it. Typically, property tax is included in your monthly mortgage payment, but separate from the interest and principal. For instance, if you own a home with an assessed value of $100,000, and the tax rate is 2%, your annual property tax would be $2,000, paid in $167 increments added to each of your 12 monthly mortgage payments throughout the year. Keep in mind that the assessed value is not the same as the price you paid for your home, and assessed property values can change year after year. If home values go up in your area, your city or county could assess your home at a higher value, meaning you’ll pay more in property tax.

When buying a home, there are two kinds of insurance to consider: „„ Homeowners insurance protects you financially from unexpected damage to your home, like natural disasters, theft or vandalism. Though homeowners insurance isn’t required by law, most mortgage lenders require it in some form. Costs vary among the many options, so compare offers to get the best deal. „„ Private mortgage insurance, or PMI, is generally required if you put less than 20% down on a conventional loan. This kind of insurance protects the lender if you default on the loan, and can considerably increase your mortgage payment. According to the Urban Institute, annual PMI premiums range from 0.58% to 1.86% of the loan amount. You can get rid of PMI as you pay down your mortgage and build equity in your home.

Homeowners association fees

Home upkeep and utilities

If you’re buying a condo or a home in a community overseen by a homeowners association (HOA), you’ll likely be required to pay a monthly fee, known as an HOA fee. HOA fees are determined by the association, and highly variable. These funds go toward the services the association provides, which may include security, a pool or gym and landscaping and maintenance. HOAs can also charge occasional special assessment fees for urgent repairs. These financial obligations may be overlooked when buyers tally up the costs of buying a home, but they add up quickly.

Wear and tear happens, so it’s important to have money on hand for repairing or replacing appliances and major components, such as the roof or HVAC. Many experts recommend budgeting 1% of your home’s value for home maintenance each year, as well as maintaining an emergency fund to address surprise problems. You’ll also need to pay for utilities, including water, sewer, gas and electricity. These costs vary by location, but the general rule of thumb is the larger the property, the more utilities will cost.


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Home of the Week....

REDUCED

3645 Conway Rd • Farmington Beautiful custom home in a highly desired location just minutes from Farmington. With over 2600 sq/ft, this home boasts 3 bedrooms and 3 bathrooms and a full basement with tuck under garage and concrete safe room. Enter into this tastefully decorated and well-maintained home with ample living space and you are sure to enjoy the kitchen space, connected dining area and attached large family room. A large patio outside the family room makes this home perfect for entertaining family and friends. The attractive master suite includes a vaulted ceiling and walk out to the covered porch, with attached bath including a walk in closet, jetted tub and separate tile shower. Two bedrooms upstairs with, full bath and additional living space. 100 solar panels produce more than enough electric. Endless possibilities with 20x20 office & 40x64 heated/cooled garage; room for all of your recreational vehicles. Inside and out, properties like this are difficult to find. Call today for a personal showing.

Needing to sell call Vicky Crocker Realty TODAY!!!

573.747.8099 573.327.8300

CELL

$474,900

e I’ll do th you! for running

OFFICE

21041045

1136B N Desloge Dr. - Desloge

PAGE R3  Friday, July 9, 2021

- 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*

Your source for news is now your source for real estate marketing

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.

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Friday, July 9, 2021  PAGE R4

Daily Journal Weekly Real Estate


CELL OFFICE

e I’ll do th you! for running

#vickycrockerrealty

1136B N Desloge Dr. - Desloge Bonne Terre / $289,000

Farmington / $199,900

NEW

Looking for the perfect 55+ community to call home,look no further! This well cared for 2 bedroom, 2 bath, brick condo with a 2 car garage & lots of additional storage is waiting for you! A well laid out floor plan gives easy access to unload your groceries as the kitchen is close by the entry. Kitchen comes with all appliances & has an adjoining dining area & bay window to enjoy the view or watch the birds fly by.The spacious living room & adjoining sunroom gives room for entertaining or depending on the season watch the snow fly, take an afternoon nap or catch the news.The large master bedroom includes a walk in closet & adjoining bath with handicap accessories & sit down shower, makes rising & shining easier. An additional bedroom is great for guests or those items you just can’t part with.The home comes with a stackable washer & dryer,new garbage disposal, weather stripping on the garage door & a new garage opener. In need of fresh air the patio is ready to welcome you! Call today!

21045930 Farmington / $209,900

21033585

Back on the market no fault of the seller! This spectacular home built in 1882 has stood strong & weathered many storms while being a safe haven to many families!If you love old world charm this 2 story, 3 bed, 2 bath home with approximately 1961 sq feet of living space will welcome you with it’s character, from the beautiful foyer, large living & dining room with bay window & gorgeous hard wood floors!Large kitchen has lots of cabinets,counter tops,center island & gas range/oven to make preparing meals for family & friends a pleasure.When it’s time to retire for the evening head up the beautiful stair case,in additional to bedrooms, a large bath with claw foot tub & 22x12 closet/storage area will wow you!The home sits on a corner lot & has a privacy fence around the back yard, hang out on the deck or play in the yard!Check out the beautiful landscaping & the upstairs storage in the garage!The current owners have put a lot of time and energy into making this home move in ready for you!

Needing to Buy or Sell?! Call Vicky Crocker Realty TODAY, and Let Us Do the Running For YOU!! www.facebook.com/vickycrockerrealty

PAGE R5  Friday, July 9, 2021

21046613

Immaculate, move in ready, 3 bedroom, 3 bath home sitting on 10 acres with attached garage and large detached metal building. The new owners have made so many improvements during their ownership you have to see to believe. Updates include flooring, painting, some new appliances, bringing the pool back to life and the sweat that went into the landscaping WOW! The living room with large wood burning fireplace is perfect for cold winter evenings. The kitchen is beautiful and makes meal preparation a pleasure not a chore. Dine in the adjoining eating area or on the deck where you may take in the scenery along with views of wildlife. A very large master bedroom with adjoining bath perfect to start and end your day. The lower level has lots of additional living space with family room, recreation room, bath and storage. So much to enjoy on this property, wet weather creek, hunting, swimming an much more! Call today!!

NEW

Daily Journal Weekly Real Estate

573.747.8099 573.327.8300


Friday, July 9, 2021  PAGE R6

Daily Journal Weekly Real Estate

SITES FOR SAVING 16 deal apps and tools for finding online shopping bargains

KIPLINGER CONSUMER NEWS SERVICE

I

f you’re a frequent online shopper but don’t comparison-shop before making a purchase, you could be missing out on deep discounts. Alas, scouring the internet for the lowest price on a coveted item can be a time-suck — especially if you’re looking for something in a pinch. We surveyed smart shopping experts and evaluated a variety of deal sites and online shopping tools ourselves to identify these 16 trusted ways to save money every time you shop online:

Free shipping deals When shopping online, finding a great deal gets even sweeter when you can score free shipping, too. But trying to track down promo codes that actually work, as well as retailers that offer the perk, can be frustrating if you don’t know where to look. Skip hopping from site to site and check out FreeShipping.org. It’s a web site that aggregates all of the retailers that offer free shipping and other discounts to customers. The site includes the terms and conditions of the free shipping deal and the promo code, where applicable. Price comparisons Save yourself the hassle of digging into multiple websites to find the best price on items you’re buying online. Consumer savings expert Andrea Woroch recommends the browser extension Popcart, which sends a pop-up notification any time a product you’re looking at is cheaper on a competitor site. In addition to retail

price comparisons, the browser extension also compares unit prices on items. You probably already buy a lot at Amazon.com. Should it be even more? Install the Amazon Assistant browser extension, says smart shopping expert Trae Bodge of TrueTrae.com, to see how Amazon’s prices stack up as you shop for products on competing sites.

Coupons and promo codes Our sources recommend CouponCabin.com for its vast collection of online promo codes and printable coupons that can be used in-store. Consumers can find deals from online and brick-and-mortar retailers such as Nike, Overstock.com and Target. The site also maintains a list of retailers’ active cash-back offers. The Honey browser extension helps save shoppers time and money by doing all the work, says Kyle James, founder of Rather-Be-Shopping.com. After registering for the site and downloading the extension, you’ll see a Honey widget appear when you check out at any participating retailer. The widget searches the web for all relevant promo codes and applies the one with the biggest savings to your order. Next time you go on an online spending spree, consider using Cently, recommends consumer savings expert Woroch. It’s a browser extension that automatically searches for coupon codes while you shop, tests them and applies the one with the biggest savings to your order.

Unlike similar extensions, you don’t have to divulge your personal information by becoming a registered user.

Daily deals DealNews.com is a go-to resource for the retail experts here at Kiplinger. The site offers a curated selection of product deals — ranging from electronics to home goods — that gets updated daily. Bargain hunters can also find smart shopping tips on the site’s blog. Recent topics include a list of the retailers with the best customer rewards programs, as well as determining when is the best time of year to buy a smart phone. Deals on travel If you’re planning to travel during the pandemic, you can take advantage of historically low prices on airfare and hotel packages. To find the best travel deals, we often recommend these three sites to help get the most value for your money: „„ Scott’s Cheap Flights sends e-mail alerts when airfare deals based on your search parameters become available. „„ On Kayak.com, you can search for travel deals by plane or train, as well as rental car and hotel packages. „„ Google Flights allows users to search average airfare and hotel prices using an interactive map. The site even aggregates vacation rental listings offered by VRBO, Booking.com and TripAdvisor. Deals on gift cards No matter if you’re buying a gift card as

a present or for yourself (to prevent overspending), you can always find them at a lower price through an online gift card exchange site compared to buying direct from the retailer. Try these two: „„ Cardpool offers discounted gift cards from the likes of Best Buy, Nordstrom and Patagonia for up to 35% off face-value. For example, we spotted a $25 Fandango gift card selling for $17.50 — that’s 30% off. The cards available on Cardpool have no expiration date, no fees and come with a 60-day purchase guarantee of validity. „„ GiftCardGranny is another gift card exchange site worth a look thanks to its vast selection and cash-back rewards, says TrueTrae.com’s Bodge. You can earn cash back by purchasing select gift cards (think: Lowe’s, Uber Eats and Apple’s App Store) and then redeeming the rewards for a direct payout or free gift cards once you’ve earned at least $5 in rewards. In addition to big name retailers, you can also find gift cards for local businesses based on the ZIP code you enter into the search field.

Cash-back rebates We’ve previously written about browser extension Rakuten (formerly known as Ebates) and why you should take advantage of its rebate offers while shopping online. Once you’ve downloaded the browser extension, sign up for a Rakuten account. After you’ve registered, you’ll gain access to 2,500 online retailers where you can earn up to 40% in cash-back rewards. If you frequently shop using a smart phone, consider downloading a mobile app such as Ibotta that lets you earn cash back on everyday purchases, suggests Rather-Be-Shopping.com’s James. Yo u ca n sco re m o n ey ba c k o n everything from grocery items to pet supplies purchased through the app, which requires linking a credit or debit card to your Ibotta account. Deals on insurance Don’t limit your comparison-shopping to traditional retail purchases such as clothes, electronics and household goods. You can even use online sites and tools to help score the best rates on insurance policies. One such site we recommend at Kiplinger is Policygenius.com, where you can get price quotes for a range of policies including life, homeowners, auto and renters insurance. If you need life or long-term care insurance, consider using AccuQuote. com. You’ll have to cough up your contact information so an agent can follow up with you directly at a later date, but you’ll immediately receive a list of insurers that match your profile and estimated monthly premiums for each plan.


Daily Journal Weekly Real Estate 

PAGE R7  Friday, July 9, 2021

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Daily Journal Weekly Real Estate Friday, July 9, 2021  PAGE R8

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