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Welcome to Nolting Real Estate'sDes Peres, Town & Country and Kirkwood Real Estate Website

From the desk of Russell Nolting, St. Louis Real Estate expert 

The St. Louis metro area real estate market seems to be responding to the first-time homebuyer tax credit. Most of the buyers are looking for homes below $200,000. So what about those of you who have homes above this price point. Well, consider the following:  

1. Your $200,000 "first-time homebuyer" home sells during 2009 to a new homeowner.
2. You, like most sellers, are moving up! You're going to buy a $300,000 home.
3. The sellers of your new home are looking for a $500,000 place.
4. And so on... 

Whether you are a Republican or a Democrat, the $8000 credit is a boost to the economy. Economics 101 tells us that the housing market drives our economy. Remember that the home buyer spends money on appraisals, title, inspections, insurance, etc. Also, the new homeowner is going to buy paint, carpet, drapes, flooring, etc. These purchases of goods and services stimulate each of these industries. Those involved with these goods and services providers spend the money that they receive from the homebuyers. And the economy improves. You can visit my St Louis real estate blog for more discussion of the economy, both local and nationwide.  

And don't forget to search for your home, whether your first or your last, at my St. Louis home search website.
 

For more information, please contact Russell Nolting at 314.267.2636 or at Russ@NoltingRealEstate.com.
 

 



School Reports in Des Peres, Town & Country and Kirkwood, Missouri
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Missouri Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in Des Peres, Town & Country and Kirkwood 



Real Estate Tips
Disclosure Laws >What Sellers Might Disclose

Most states require a home seller to provide the buyer with some type of disclosure form. What might the seller have to disclose?

A Residential Property Disclosure Form requires the home seller to disclose facts about the home's heating, wiring or plumbing systems, including any defects that may exist, such as leaks in the roof or cracks in the foundation. If something in your home is not working properly or needs repair, you will need to either fix it or disclose the material defect to the prospective buyer. There are other disclosure forms, unique to each local area, that require sellers to disclose negative environmental factors or local building code issues. A lead-based paint disclosure form is required for homes built prior to 1978.

State legislatures and courts all over the country have passed laws regarding concealing defects from an agent or buyer. Ask your real estate agent about your obligations as a seller regarding disclosure.

See All Tips In The "Disclosure Laws" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
How many step are there leading to the top of the Eiffel Tower in Paris, France?

A 
Visitors who walk to the top must go up 1,792 steps.
See More Real Estate Trivia >


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Nolting Real Estate, REALTOR®, real estate agent and broker for Des Peres, Town & Country and Kirkwood, Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Russell Nolting
Nolting Real Estate

14278 Manchester Rd.
Manchester, MO 63011
Main: 636-391-9997
Fax: 636-552-0050
Cell: 314-267-2636
russellnolting@NUMBER1EXPERT.com
Russ@NoltingRealEstate.com

Russell Nolting is a NUMBER1EXPERT who specializes in St. Louis County and St. Charles County real estate sales. His team of agents will make your transition smooth.

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