A Mel Foster Co. Publication
Second Home Can Be Reality.
INSIDE RESIDENTIAL page 2 INSURANCE page 3
Your dream of a winter get-away in a warm climate might be within reach. Start the conversation with a Mel Foster REALTOR® to help you determine a comfortable budget for a home or condo in a destination with the climate and activities you’ll enjoy most.
NEW CONSTRUCTION page 4
Commercial Real Estate
Farm & Auction Services
9 in 10 homebuyers rely on the Internet as one of their primary research sources, and 52% turn to the web as their first step. Source: NAR and Google study
Residential Real Estate
A quick formula can give you an idea of your budget. Multiply the amount of cash you wish to invest in your second home by three. This formula assumes that your down payment, closing costs, and furnishings will be 33% of the purchase price. In other words, if you have $50,000 in cash, your purchase price should be around $150,000. Another route is fractional ownership. This is different from a timeshare. Fractional ownership means you own part of the real estate, whereas a timeshare gives you the right to use the property. Ownership also comes with tax benefits and the ability to benefit from an increase in property value. If you’re considering purchasing property in a foreign country, ask your agent if there are laws prohibiting the sale of property to foreigners. Start the search for your second home now while interest rates are still low. Call (563) 823-2208 or e-mail email@example.com.
EAL R www.melfosterco.com
i Wanted: Your Home.
Buyers are ready to purchase, but there aren’t enough homes on the market to satisfy the demand. The number of homes on the market started getting smaller in the last part of 2012 and the trend is continuing in 2013. Home prices have increased a little and should continue to rise, which is favorable for sellers. Your home will sell faster than your competition if it’s staged well, in move-in condition and priced right. Your Mel Foster REALTOR® can help you determine a solid asking price to bring in multiple offers. Now is the time to consider building that new home or downsizing. When you meet with your tax preparer, ask how a home sale might affect your tax filing. Your CPA or tax professional can walk you through exclusions or gain scenarios that might affect the timing of your home sale.
RUN. WALK. VOLUNTEER.
Giving Back. Mel Foster Co. is dedicated to giving back and is bringing a new, family-friendly 5K and Kids Color Dash to the Quad Cities on Saturday, June 1. Color the Quads is a charity run with a big splash of color. Participants get blasted with a safe, washable, colored cornstarch powder that makes a colorful racecourse and finish line. Similar color runs have become popular across the country and Mel Foster Co. is bringing the color to the quads for the first time. Over 2,500 runners and walkers have already registered. Early bird registration is offered through March 31. The 5K entry fee is $35 and the Kids Color Dash is $15. Sign up today to ensure your spot as registration may close early once capacity is reached. Compete in the race or volunteer at www.colorthequads.com.
2012 Charitable Event Highlights. Putt For Charity Sponsor Sponsors and 150 golfers raised $15,000 for Humility of Mary Housing, Inc. Money raised will help empower, strengthen and increase self-reliance of homeless single parent families.
Festival of Trees Gingerbread Village Sponsor
More than 100,000 people experience Festival annually. This fundraiser makes it possible for Quad City Arts to provide quality arts programming and support to page 2 our community.
Go Red For Women Luncheon Sponsor Mel Foster Co. showed its support of the American Heart Association by sponsoring the annual Go Red For Women luncheon in November. Funds raised go towards women’s cardiovascular research and education.
EA R i L www.melfosterco.com
Reduce Your Expenses.
A new year means new opportunities to reduce your household or business expenses. You may be able to save on your insurance by having multiple policies with one provider. A Mel Foster Insurance agent can give you a free personal or business evaluation to reveal potential savings on your premium. Call (563) 359-5446 or go online for your free insurance review and quote, www.melfosterinsurance.com. Personal Coverage n Home n Auto n Boat n RV n Classic Car Business Coverage n Workersâ€™ Compensation Consultation n Certificate of Insurance Management n Business Owner Policy n Employers Practice Liability n Errors and Omission Coverage n Employee Benefits
Mel Foster Co. Average Days on Market
Mel Foster Co. Sale/List% Price in Area
Average Single Family Sales
# of Active Listings in Area
QC Metro & Surrounding Areas
132 94.78% $81,943 306
94.7% $133,070 50
91% $58,241 160
October 1, 2012-December 31, 2012
Our Website Gets Noticed. Visitors on the Mel Foster Co. website spend on average more than 13 minutes browsing. A total of 578,082 unique visitors came to www.melfosterco.com during the past year. Nearly TEN million page views in 2012. January-December 2012
835 Golden Valley Drive Bettendorf, IA 52722 www.melfosterco.com 563-823-5298
Magnificent Rolling, Wooded, Estate-sized Lots 1-3+Acres.
Stoney Creek North and Stoney Creek North 2nd are premier subdivisions in Bettendorf. Offering estate-sized lots at 1-3+ acres, rolling terrain, bluffs, ponds, and century old trees, this truly is a one of a kind place to live in the Quad City area. The subdivision borders the prestigious Davenport Country Club and has exclusive golf cart access for you to enjoy
golfing, tennis, swimming, fine dining, and all the other amenities the club offers. And if you donâ€™t want to go to the club, the neighborhood enjoys its own putting and chipping green exclusively for the homeowners. Added bonuses are the low county taxes and the peaceful atmosphere. Home packages with lots starting at $500,000 to $2 million.
Directions East on Forest Grove Road. Continue east past Middle Road and Wells Ferry Road.
ced ced ced ced c Supporting Causes In Our Community. Sr. Mary Ann Vogel accepts a $15,000 check from Mel Foster Co. representatives (L to R): Marc Engels, Lynsey Engels, Antra Wayne and Kris Ratigan.