From The Desk Of Dave

If you're ready to buy a new home, you know that a good FICO score is critical to the process. Your FICO affects not just your ability to buy a new home, but the interest rate and fees you'll pay for the new loan. Often, buyers are shocked to realize their credit score is not as high as they thought. Even borrowers who always pay their bills on time can be surprised by a lower FICO score when they apply for a loan. Fortunately, your lender can help with a rapid rescore process.

A rapid rescore is initiated by your lender to boost your FICO in days. Most lenders offer this service and will start by reviewing your credit report with you. Lenders use what's known as the "middle score," in determining risk. There are three credit bureaus – Transunion, Equifax, and Experian – and they each calculate your score a little differently. The middle score is used for...

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One of the most important elements of any home is the roof. The roof is the first line of defense in protecting the home from weather-related issues, such as wind, fire, and rain. Over time, the constant abuse can take its toll, and your roof will require some attention. But how do you know if you should replace it or just repair it? There are a few things to consider before making the decision.

The Age of the Roof – Most roofs come with a 10-year warranty and are expected to last for anywhere from 20-25 years. Some tile roofs should last even longer with some simple maintenance for the under sheathing.

Extent of the Damage – Sometimes the extent of the damage...

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Home maintenance is important for homeowners. Small issues like a loose shingle or minor leak may seem minor, but they can turn into bigger problems over time if left unaddressed. Poor home maintenance can potentially lead to insurance claims being denied if the damage arises from deferred maintenance. Insurance policies generally cover unexpected damage, not issues that developed from lack of home upkeep.

Some insurance companies are increasing home inspections during the renewal process to check for maintenance issues. Homeowners may receive a list of items needing repair, or in more serious cases, a non-renewal notice requiring them to find a new insurer. This demonstrates how critical home maintenance is for continuing coverage.

In summar...

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With the third quarter of 2023 now in the books, it is time to celebrate the hard work and successes of our team of real estate professionals! Kevin McManamy, President of United Real Estate Solutions, Inc. announced quarterly production awards for the company's top producers during a company breakfast at the United Center.

Earning the real estate industry's highest production honors for the 3^rd Quarter, the President's Award, were Rick Arnold, the Burnett Team – Chuck & Marian, Liz Deurloo, Sheryl Ford, Joe Krage, Dave Pepin, Patti Robinson, Adam Stokes, and Nick Tramp, as well as Beau Braunger, Nic Madsen, and Erin Rooney of NAI United.

Claiming the Diamond Award were Jeff Nelson, Rachel Raak-Law, and Mike Wojcik. The Platinum Award was presented to Eric Hoak, Barb Kimmel, and Lee Quade.

Receiving the Gold Award were Hank Baker and Jacquelyn Brummond. Silver Award winners were Lexi Chang, Lisa Guerra and Nathan Connelly of NAI United. Those ear...

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Are you looking for ways to reduce your property taxes?

The Iowa Department of Revenue announced a Homestead Tax Exemption for Claimants 65 Years of Age or Older in a press release on May 15, 2023.

According to the release: Governor Reynolds signed House File 718, establishing a homestead tax exemption for claimants 65 years of age or older.  In addition to the homestead tax credit, eligible claimants who own the home they live in and are 65 years of age or older on or before January 1 of the assessment year are now eligible for a homestead tax exemption. For the assessment year beginning on January 1, 2023, the exemption is for $3,250 of taxable value.  For assessment years beginning on or after January 1, 2024, the exemption is for $6,500 of taxable value.  An exemption is a reduction in the taxable value of the property rather than a direct reduction in the amount of property tax you pay.

The Iowa Department of Revenue has ammended the Homestead Tax Cre...

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