Under Contract: 585 Coeur De Royale Unit #308 in Creve Coeur

Hello low-maintenance one-level living...

This spotless condo, in the heart of Creve Coeur, popped on the market and my Buyer was quick to the draw! Despite multiple offers, we beat out the competition with some serious strategic negotiation. It closes escrow in just a few short weeks!   

YIPPEE! 

I am so happy for the sweet K duo on this smart move and can already see their grandkids having a blast in the pool!  Thank you for being such good friends and clients to me, K family. I am so glad this went your way! 💗

On a separate note, I will add that I have been incredibly impressed with 3rd quarter movement in the St. Louis real estate market.  At a time of traditional seasonal slowdown, 2019 has instead delivered a steady supply of exciting new inventory, motivated buyers, and healthy financing options.  If in St. Louis and considering a move in 2019, it is not too late, friends! The market continues to move swiftly for both Buyers AND Sellers. 

Let's connect...

Rent or Buy? The numbers don't lie!

Rent or buy?

Numbers don't lie, friends.

We bought our 1st house at 22 and 26 at the urging of my (real estate investor) father and it was probably the best financial decision that we ever made! 🏡💰 We made 47k profit (more than we COLLECTIVELY made per year at the time) in addition to a little payment equity in only 6.5 years. We benefited from tax breaks and instant equity thanks to a strategic and smart buy, which ultimately set us up for a more financially healthy future.

THE FACTS: You are either building your landlord’s nest egg and financial future or your own. Stop making your landlord rich by putting equity in their pocket and pay yourself!  You don't have to wait until you can afford your forever home or the PERFECT house on the PERFECT street.  Be smart and start building wealth now!  Work your way up to that home, step by step.  It works!

In St. Louis?  I would love to help!  Let's connect:

Summer 2017: Real Estate Market Update

Via the St. Louis Association of Realtors...

For the first time in more than a year, median home price dropped a surprising 3% -- that said, single family homes sold is up 4%. No doubt, our market is unique. While tight and competitive, we remain extremely affordable.

In St. Louis and dream of a new home in 2017?

Stop dreaming, take action, and make it happen, St. Louis!  If contemplating a move in 2017, the time to prepare is now as Spring is just around the corner. I am currently meeting with Buyers and Sellers to create a "plan of attack" for the swift Spring selling market in St. Louis.

2016 was a terrific market for both Buyers and Sellers in St. Louis.  Experts project an even stronger market for 2017 as value continues to steadily increase, the job market remains healthy, and interest rates remain historically low. 

I have over 15 years experience of selling residential real estate in St. Louis and wear my past clients' testimonials like a badge of honor.  Let's connect and make your dreams a reality. To get the process started, call me at 314.298.5275 or email me at cnenonen@cbgundaker.com. 

Learn more about me HERE.  Read about my professional accomplishments and see what my clients have to say about me HERE.

Under Contract: #1117 Windyoak Dr in Ballwin (Parkway South)

The 2016 Fall real estate market in St. Louis has been incredible thus far, with no sign of slow down! This is the 4th contract that I have negotiated this week...

It has been a super busy week of house tours and negotiation, but my clients just contracted this lovely move-in ready split in Ballwin (Parkway South).  Every single square foot of this cutie has been renovated and it is the perfect match for my clients down to the large corner lot and terrific deck for entertaining their family and friends.

This one closes escrow in November.  A HUGE congratulations to the H family. What a terrific way to end the week!

The 2016 St. Louis Real Estate Market Thus Far

The ultimate ‪‎St. Louis‬ real estate expert is Jim Dohr, the President of my company- Coldwell Banker Gundaker. His summary of 2016 thus far is spot on...

Low rates + low inventory= a fast and furious Spring market favorable for both Buyers and Sellers!

In St. Louis and contemplating a move?  I would love to help you find your dream home!  Learn more about me HERE. See what my clients have to say about me HERE or on LinkedIn.

Higher home values and less days on the market in Missouri in 2016

I have personally experienced a distinct shift into Spring Market pace over the past few weeks, as my Buyers request more showings and my Sellers hurriedly prepare their properties prior to listing.

Missouri REALTORS® just released their January report that clearly shows that Missouri home values continue to appreciate with fewer days on market.

It is going to be a phenomenal year for both Buyers and Sellers in St. Louis and surrounding areas! In St. Louis, contemplating a move in 2016, and interviewing Realtors?  I would love to be considered!

Learn more about me HERE. See what my clients have to say about me HERE or on LinkedIn.

Interest rates matter- be informed!

The real estate industry touts "historically low rates" but what does that mean to the average consumer at face value? Not much. Thanks to my friend and Senior Loan Officer, Andy House, for the incredible graph above to help put the current rates into perspective.

Interest rates matter.  They matter a LOT and directly affect not only Buyers, but homeowners who wish to refinance.  

Most Buyers are payment-driven. They know how much they can afford to pay each month even before they obtain an official pre approval.  

FOR EXAMPLE:  Let's assume that you are comfortable with a $1,250 interest payment...

Your housing affordability DROPS with each increase in the mortgage interest rate. 

Per above,  if mortgage rates rose up just 1% from 3.75% to 4.75%, you would lose a whopping $33,750, or 11.25% of your purchasing power. If rates rose 2% to 5.75%, you would lose $62,003 or 20.67% of your purchasing power. That is serious money, people!

In short: the lower the interest rate, the more house you can afford for the SAME PAYMENT. Rates directly impact your affordability, Buyers. Don't let these great ones slip by as 3rd quarter increases are projected.

If you are contemplating a purchase over the next few months, I highly recommend getting a loan preapproval now. It is the first step of the buying process, and rates are still comfortably hovering below 4%.   

Learn more about Andy House HERE and feel free to contact him directly for a free approval or mortgage advice. He is stellar, my clients love him, and I trust him emphatically after years of wonderful service to myself and my clients.