Monday, July 6, 2009

3 Bedroom For Sale By Owner


You'll fall in love with this 3-bedroom, 3-bath brick home the minute you walk in. Completely updated. Beautiful hardwood floors, two fireplaces, master suite and lovely porch and backyard. Also, located just two blocks from Mason City Aquatic Center.

Cape Cod For Sale w/ Pool







This is a beautiful Cape Cod-style home located on an acre-plus of wooded land in Garner, Iowa. Complete with four bedrooms, 3 baths and a wonderful pool. Check out this real estate for sale by owner at http://www.northiowafsbo.com/property_for_sale/625_cottonwood/index.html

Friday, June 12, 2009

Affordable 3 Bedroom For Sale




Here is an affordable home that has just been listed on northiowaforsalebyowner.com It's a three bedroom, one bath. Take a look at http://www.northiowafsbo.com/property_for_sale/817_north_pennsylvania/index.html

Sunday, June 7, 2009

Iowa Condo For Sale By Owner




We have a new property listing for sale by owner on NorthIowaFSBO.com Located in Mason City, it's a two-bedroom, 2-bath condo built in 2003. Corian countertops and sink in kitchen, vaulted ceiling, master suite and enclosed porch, first-floor laundry and two-stall garage. Priced to sell. BEAUTIFUL! No need to change a thing!


Mason City Appraiser Comments on Local Housing Prices

by Stephanie Scholl

If you're trying to buy or sell a home these days, you no doubt heard that home prices fell 19% during the first quarter of 2009.

(See USAToday article) http://www.usatoday.com/money/economy/housing/2009-05-26-home-prices_N.htm

But these are figures from the nation's largest cities. What about home prices right here in Mason City, Iowa?

Mike Albrecht of North Iowa Appraisal has been appraising homes more than 11 years.

"I've seen an oversupply of homes before, but have not seen sales activity this slow for this time of year," said Albrecht.

Currently in Mason City, sales transactions of single family homes are down and the average sale price of homes are down about 20% compared to one year ago.

"So, based on the data, yes, housing prices have declined," said Albrecht. "However it's not that simple. It has been my experience based on the work I do everyday that when a home in good condition sells in the current market in a good neighborhood, it still sells close to the price it would have 12 months earlier."

So who is seeing the decline in home prices?

"Lower end homes that need work are competing with foreclosures/bank-owned properties and can sell at a substantial discount," said Albrecht.

So look around. Does your home fall into this category? Albrecht says there are things you can do without spending a lot of money. But it will take some elbow grease. His advice- clean and paint.

"If a home has an obvious deficiency, such as a 1940's kitchen, depreciated shingles, broken windows, it may make sense to update that item," said Albrecht. "However if they are looking at doing something to help the resale value of the home, soap and water and a coat of paint is the best bet."

According to Albrecht, determining the condition of Mason City's housing market is not quite as easy as a market such as Des Moines. Lately, there haven't been a large number of sales in Mason City and neighborhoods have a lot of variation.

"A larger community like Des Moines may have a slower than typical market, however would still have enough sale transactions to determine exact appreciation/depreciation percentages. Additionally, larger communities will include larger neighborhoods with very similar homes. It is easier to recognize trends when identical homes are selling for more or less than they did during another period of time."

To contact Albrecht, go to his website at http://www.northiowaappraisal.com/

Wednesday, June 3, 2009

North Iowa Acreage For Sale




We have a new acreage listed for sale by owner on northiowafsbo.com.
This 5-bedroom, 2 bath home sits on 5 acres and has another 5 acres of tillable land. Lots of updates, including new kitchen and master bedroom suite! Beautiful country views! The current owners have averaged $10,000 or more of income from grain storage and rents each year. Great opportunity and a must-see!

Wednesday, May 27, 2009

Iowa Banks-First Quarter 2009


There's a very interesting article in today's Des Moines Register regarding how Iowa Banks fared in the first quarter of 2009. Basically, a higher percentage of banks are reporting more non-performing loans. Banking officials say it's a sign the recession is starting to hit Iowa a little harder now.

Read more on the Des Moines Register's Website. This article has a complete database of all Iowa Banks, so you can check out your own bank's first quarter performance and how it compares to 2008.