St Louis Real Estate Exchange

OPEN HOUSE EVENT!

15733 Meadowbrook Way, Chesterfield, MO 63017 | The Nett Group

Rockwood School District!! This 4 bed 3.5 bath home has so much to offer! Upon entry you will notice the gleaming hardwood floors and open floor plan. This home offers a spacious living room and formal dining room with chair rail and crown molding. The family room offers a brick fireplace with large windows that allow for tons of natural sunlight. As you enter the large eat-in kitchen notice the custom cabinetry, plenty of counter space, double oven and much more! Off the kitchen you will find the oversized laundry room and half bathroom. The 2nd floor offers 4 bedrooms including the spacious Master suite and bathroom with double sinks, separate shower and tub. The lower level is finished with a stone fireplace, spacious rec room, office space and full bath. The fenced backyard is perfect for entertaining having a deck with a built in hot tub and steps leading to the beautiful, private in-ground pool.

Contact Michael Nettemeyer for more information!

There are many benefits to homeownership, one of top ones, is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

The Nett Group learned that the National Association of Realtors (NAR) just released their findings of a study in which they studied “income growth, housing costs and changes in the share of renter and owner-occupied households over the past five years in metropolitan statistical areas throughout the US.”

Don’t Become Trapped St Louis!

Michael Nettemeyer and The Nett Group went through this interesting study and found that over the last five years, a typical rent rose 15%, while the income of renters grew by only 11%. If you are currently renting, this disparity in growth could get you caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down payment.

The top 5 markets where renters have seen the highest increase in rents since 2009 are:

• New York, NY (50.7%)
• Seattle, WA (32.4%)
• San Jose, CA (25.6%)
• Denver, CO (24.1%)
• St. Louis, MO (22.3%)

That's right. St Louis, MO is among the top 5 markets with the highest increase in rents in the last 6 years.

Homebuyers, who were able to purchase their home over the same five-year period and lock in their housing costs, were able to grow their net worth as home values have increased and their mortgage balances have gone down.

Know Your Options

Perhaps you have already saved enough to buy your first home. HousingWire reported that analysts at Nomura believe:

“It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment. 

It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)

According to Freddie Mac:

“Depending on their credit history and other factors, many borrowers can expect to make a down payment of about 5 to 10%. And new 3% down financing options for qualified borrowers could mean a down payment as little as $6,000 for a $200,000 home.”

Bottom Line

Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Have a professional help you determine if you are eligible to get a mortgage.

You have nothing to lose but everything to gain. We're just a phone call away. Call Michael Nettemeyer today for a free consultation!

Welcome Home! This 2 family home is ideal for an investor or someone wanting to occupy and have the mortgage paid by the 2nd unit! As you enter you can't help but notice the open floor plan. The oversized living room has a woodburning fireplace, hardwood floors, stained glass windows and it all opens to the large formal dining room. The kitchen has a cozy sitting area where you can enjoy your morning coffee! Both units have 2 large bedrooms and 1 full bathroom as well as a garage. Being within walking distance to parks and easy access to highways, this won't last long!

Click here for more photos

Contact Michael Nettemeyer for more information!

Looking for an updated, move in ready townhouse? Make this one yours! This tastefully updated 2 bed 1.5 bath home has so much to offer. The eat-in kitchen offers new granite counters, upgraded cabinets, beautiful glass title back splash, newer stainless steel appliances and much more! The main floor is perfect for entertaining with an over-sized family room accompanied by a wood burning fireplace, a walkout to the deck and also an updated half bathroom, with an adult height vanity and granite top. The upper level is home to 2 huge bedrooms and a full bathroom. The first bedroom features a bay window allowing ample amounts of natural sunlight and the second bedrooms features 2 closets and a skylight! The 2nd floor updated bath features a stand alone shower and jetted tub. The partially finished lower level is perfect for an additional entertaining area. Other features include newer HVAC, newer lighting fixtures, and a 2 car garage. With easy access to hwy 70 this home won't last long.

Contact Michael Nettemeyer for more information!

Join Michael Nettemeyer and other Local Realtors in

"Real Estate Professionals for a Cause"

Thursday, March 26, 2015 from 6:00 PM to 9:00 PM (EDT)

360
1 South Broadway
St Louis, MO 63102

About the Organizer

Brides Against Breast Cancer

Brides Against Breast Cancer™ contributes to programs for cancer patients and their families. We have expanded outreach and educational efforts to bridal shows around the country to ensure that everyone impacted by cancer have the resources and information they need in their battle with cancer.

http://www.bridesagainstbreastcancer.org

THIS IS FOR THE CAR ENTHUSIAST! 12 car detached garage, OR possibly run you business from here. This 2 story home has been completely rehabbed and is move in ready. It offers 3 bedroom 2 baths, 10 foot ceilings, a spacious living-room/dining room combo and plenty of natural daylight. The kitchen has 42" cabinets with a stain-glass front panel and a custom backsplash. There is zoned heating and cooling. This sits on a 1 acre lot and is VERY PRIVATE! Across from the Conservation area. Too much to mention here come make your appointment today!

Contact Michael Nettemeyer for more information!

Nestled in a great neighborhood, this fam. perfect 4BR/3.5 Bath Ranch is the matchless blend of comfortable living, choice location & countless updates. This open flr plan offers fresh paint, gleaming hardwood flrs, a vaulted great rm w/cozy Gas FP & a wall of windows. Beautiful view of the wooded common ground, lake & private patio. Updated Vaulted Chefs Kit. features Ceramic Flrs, 42" Custom Cabinets, New Tile Backsplash, Granite Counters, Center Isld w/Gas Cooktop &Granite Desk Area. Sep. Breakfast adjoins Sun Room,MFL & Updated Powder Rm. DR features a Lg Bay&Coffered Ceiling. MB Suite Offers a huge walk in closet&Updated Bath, 2 Adult height Vanity sinks w/granite, new mirrors &fixtures, Ceramic floors,separate Tub & Shower. Add. Updated Hall Bath accommodates 2 other lg. Bedrms. Fin LL includes a wood burning FP, Lg. Rec Fam. Rm. Wine Cellar, Full Bath add. Bedrm. Paneled Shop Area has its own stairway from oversized 3 Car Garage. Custom Landscaping, Irrigation & Security Systems.

Contact Michael Nettemeyer for more information!

A recent Bloomberg Business article reports that both Lowes & Home Depot experienced fourth quarter profits that beat revenue projections by the most in six quarters. So what does that mean to the housing market?

Consumer Confidence

Lowe’s Chief Executive Officer Robert Niblock said,

“Consumers are feeling better about their jobs, their wages and certainly feeling better about the value of their home, they are re-engaging in projects that they have put off.”

Sales to professional contractors have increased significantly as well, and were a driving factor in the quarter. Home Depot’s Chief Financial Officer Carol Tome calls this a “sign of health. If they are putting more items in their basket, it means they have work coming at them.”

Home Values Rising

In a quarterly consumer survey conducted by Lowe’s since 2007, the percentage of respondents who said that the value of their home is rising increased to its highest value ever, at 50%.

Whether Americans are finally adding that man-cave they’ve always wanted, or renovating a master suite, an increased confidence in the value of one’s home often sparks homeowners to invest in big-ticket projects.

The National Association of Realtors (NAR) reports that the median price of an existing home (for all housing types) rose year-over-year for the 35^th consecutive month.

Not all who are renovating are planning on staying in their home. The Demand Institute reports that “nearly half of American households plan to move at some point in the future.”

For those who are planning on listing their home this spring, spending the time and money needed to update that 1950’s bathroom or kitchen can fetch higher prices in today’s market.

Bottom Line

Meeting with a local real estate professional can give you insight into the small (or big) improvements your home could use to draw the highest price and return on investment this spring.

Have time this week? Call Michael Nettemeyer today for a free consultation!