Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 16, 2023

Moving into Assisted Living in Cedar Rapids

A Guide to Selling Your Home and Moving into Assisted Living in Cedar Rapids

Moving into assisted living in Cedar Rapids can be an exciting and life-changing decision. If you’re considering making the move, you’ll likely need to sell your current home first. Selling a home can be intimidating, but with the right information and resources, you can make the transition easily. In this article, we’ll provide you with a comprehensive guide to selling your home and moving into assisted living in Cedar Rapids.

The Pre-Sale Preparation Process

Before you can list your home on the market, you’ll need to do some pre-sale preparation. While this process may take some time, it’s essential to help ensure you get the best possible price for your home.

The first step is to declutter and organize. This means getting rid of any unnecessary items and packing away personal belongings. Removing these items will help make your home look more spacious, which can be appealing to potential buyers.

Next, you’ll want to spruce up the interior and exterior of your home. This includes painting, patching holes or cracks, and minor repairs. Making these improvements will help your home stand out and make it more desirable.

Finally, you’ll need to hire a real estate agent. An experienced agent will help you find the right buyers and guide you through the entire selling process.

The Listing Process

Once your home is ready for the market, your real estate agent will help you list it. This process typically includes taking professional photos, writing a description of the home, and deciding on a price.

You’ll also need to decide whether to list your home as a traditional or short sale. A traditional sale is listing the home and waiting for an offer. A short sale is when you accept an offer before the home is listed. This can be beneficial if you need to sell quickly.

The Home Showing Process

After your home is listed, you’ll need to prepare for home showings. This means making sure the home is clean and presentable at all times, even if you have a last-minute showing. You’ll also need to make sure that potential buyers understand the rules of the showing and respect your home.

The Negotiation Process

Once you receive an offer on your home, you’ll need to negotiate the terms of the sale. This can include the price, closing costs, and other fees. Your real estate agent can help you with the negotiation process and ensure that you get the best deal possible.

The Closing Process

Once the offer is accepted, you’ll need to sign the closing paperwork. This paperwork will outline the terms of the sale and outline the responsibilities of both parties. It’s important to read through the paperwork carefully and make sure you understand everything before signing.

 

Conclusion

Selling your home and moving into assisted living in Cedar Rapids can be a complicated process. But with the right information and resources, you can easily make the transition. If you’re considering making the move, use this guide as a resource to help ensure the selling process goes smoothly. Good luck!

If you want help listing your home, please contact us

 

Check our complete guide to Cedar Rapids Assisted Living

 

Feb. 16, 2023

Cedar Rapids Assisted Living

Cedar Rapids Assisted Living: A Comprehensive Guide

Cedar Rapids, Iowa is an ideal destination for seniors seeking an assisted living facility. With an abundance of options, there is something to suit everyone’s needs and budget. Assisted living facilities in Cedar Rapids provide seniors with the care they need while preserving as much independence as possible. This article will provide a comprehensive guide to the wide variety of assisted living facilities found in Cedar Rapids, Iowa.

Beginning with Prairie Hills Assisted Living in Cedar Rapids, this facility offers the highest level of care for seniors. The facility has a focus on providing a safe and secure environment for its residents, while still providing the best in personal care and attention. Prairie Hills offers a variety of amenities including private apartments, 24-hour staff, three delicious meals a day, activities and more. This facility is an excellent choice for seniors who need more specialized care.

Ridgeview Assisted Living in Cedar Rapids is another excellent option for seniors. This facility is dedicated to providing its residents a safe and comfortable environment. The staff is knowledgeable and friendly, and the facility offers a variety of activities and amenities. Services include 24-hour staffing, medication management, and transportation to medical appointments.

Keystone Assisted Living in Cedar Rapids is another great option for seniors in Cedar Rapids. This facility is dedicated to providing personalized care and attention to its residents. The staff is highly trained and experienced in providing quality care. Services include three meals a day, daily activities, transportation, and medication management.

Assisted living housing in Cedar Rapids is also available for seniors who need more specialized care. The Gardens Assisted Living in Cedar Rapids is a great option for those seeking a luxurious home-like setting. This facility offers a variety of amenities, including private apartments, 24-hour staffing, three meals a day, activities, and much more.

Cedar Rapids Linnwood Assisted Living is another great option for seniors in Cedar Rapids. This facility offers a variety of amenities, including private apartments, 24-hour staffing, three meals a day, activities, and transportation.

When choosing an assisted living facility, it is important to compare prices to ensure that you are getting the best value for your money. Price comparison assisted living Cedar Rapids Iowa can help seniors make an informed decision when selecting their assisted living facility.

In conclusion, Cedar Rapids, Iowa is an ideal destination for seniors seeking an assisted living facility. With an abundance of options, there is something to suit everyone’s needs and budget. Assisted living facilities in Cedar Rapids provide seniors with the care they need while preserving as much independence as possible. With a variety of amenities, services, and prices to choose from, seniors can find the perfect assisted living facility in Cedar Rapids.

Assisted Living Resources from Care.com

If you want help listing your home, please contact us

Check our complete guide to Moving into Assisted Living in Cedar Rapids

Jan. 27, 2023

Condos for Sale in Cedar Rapids, Iowa

Condos for Sale in Cedar Rapids, Iowa

 

Condominiums for sale in Cedar Rapids, Iowa, offer an excellent opportunity for those looking for a more affordable housing option. Cedar Rapids is a vibrant city with diverse shops, restaurants, entertainment, and culture. With its convenient location near the Interstate 380 corridor and proximity to the University of Iowa, Cedar Rapids is a great place to call home. 

 

Condominiums for sale in Cedar Rapids offer a variety of styles, sizes, and prices, from one-bedroom units to multi-level townhomes. Some are located in more traditional neighborhoods, while others are in more modern developments. Many of these developments offer amenities such as fitness centers and clubhouses. So whether you're looking for a starter home, an investment property, or a place to retire, there's sure to be a condominium in Cedar Rapids that meets your needs. 

 

Cedar Rapids is also home to many great schools, parks, and other attractions. Cedar Rapids is great because of its diverse culture, excellent job opportunities, and active lifestyle. Condominiums for sale in Cedar Rapids provide a perfect opportunity to purchase a home in a great city.

 

 

1. Contact a Realtor: The best way to find condos for sale in Cedar Rapids, Iowa, is to contact a local realtor. A realtor will know the local market and can provide you with a list of available condos for sale in the area. We would love for you to contact Revolution Realty. Call us Now: 3198495252

 

2. Look Online: Our website has online tools that can help you search for condos for sale in Cedar Rapids, Iowa. 

 

3. Visit Open Houses: Open houses are a great way to explore the different condos for sale in Cedar Rapids, Iowa. You can get an in-person view of the property and ask questions directly to the real estate agents hosting the open house.

 

4. Research Neighborhoods: Before you buy a condo, it's essential to research the neighborhood it's located in. You can use online resources or contact the local chamber of commerce to get more information about the local area.

 

5. Consider Location: The location of a condo is essential, so make sure you're considering all relevant factors when searching for condos for sale in Cedar Rapids, Iowa. For example, consider what type of amenities you want nearby and how close you want to be to public transportation and other services.

 

6. Get Pre-Approved: Before looking at condos, getting pre-approved for a mortgage is essential. This will give you an idea of what price range you can afford and make finding the right condo much more accessible.

 

7. Don't Rush: Buying a condo is a big decision, so take your time and research. Talk to real estate agents, look at different units, and compare prices before making a final decision.

 

 

There are a variety of condos available for purchase or rent in Cedar Rapids, Iowa. These can range from older, historic buildings to newer construction and can vary in size, amenities, and price. To find condos in Cedar Rapids, search online real estate listings, check with local real estate agents or look for advertising in local newspapers and magazines.

 

 

A variety of townhouses are available for sale in Cedar Rapids, Iowa. These can range in size, style, and price. Some townhouses may be part of a larger community or association with shared amenities like fitness centers or playgrounds. To find townhouses for sale in Cedar Rapids, search online real estate listings, check with local real estate agents or look for advertising in local newspapers and magazines. You can also check classified websites or local newspapers for townhouses for sale in Cedar Rapids.

 

 

The Ranch Condos for sale in Cedar Rapids, Iowa, offer various housing options for buyers looking to purchase a home. The condos range in size from one to three bedrooms, and some have a balcony or patio. The Ranch Condos feature modern amenities such as high-efficiency appliances, large windows, and outdoor living space. The community offers a variety of amenities, including a pool, fitness center, and clubhouse. There are also nearby shopping, entertainment, and dining options. In addition, the condominiums are close to parks and recreation areas, making it easy for residents to get outside and enjoy the outdoors.

 

 

The NewBo district in Cedar Rapids, Iowa, is a trendy area known for its unique shops, restaurants, and cultural attractions. There may be a variety of condos available for sale in this area, but it would be best to check with local real estate agents or search online real estate listings for the most up-to-date and accurate information. You can also narrow your search by looking for condos listed explicitly in or near the NewBo district to get an idea of the available options.

 

Guide to the NewBo District in Cedar Rapids

 

1. Explore the NewBo District: The NewBo District, located in Cedar Rapids, Iowa, is a vibrant and exciting city area. From unique shops and restaurants to trendy art galleries and live music venues, there is something for everyone in this up-and-coming neighborhood. Take a stroll down the historic 12th Avenue Corridor and explore the eclectic mix of restaurants, boutiques, and galleries that line the streets. Then, spend an afternoon visiting the many local markets and sampling freshly-made treats.

 

2. Shop and Dine in NewBo: The NewBo District is home to some of the best restaurants and shopping in Cedar Rapids. Try out a vegan restaurant, grab a craft beer at one of the many breweries, or sample farm-to-table dishes at a local spot. You can also find unique boutiques offering stylish clothing, vintage finds, and handmade jewelry.

 

3. Enjoy Art and Music in NewBo: The NewBo District is home to a vibrant art and music scene. Spend an evening at the Paramount Theatre, where you can enjoy plays, concerts, and comedy shows. This venue is a great place to catch a show featuring local and national acts. Then, visit the Cedar Rapids Museum of Art to explore the many galleries and exhibitions.

 

4. Participate in Community Events: The NewBo District is home to many community events throughout the year. Celebrate the 4th of July at the NewBo Fireworks, a popular annual event. Then, join the community for a day of music, food, and fun. You can also participate in the weekly NewBo City Market, which features local art, food, and music.

 

5. Visit the NewBo City Center: The NewBo City Center is a great place to explore the history and culture of the district. This vibrant public space includes a library, café, and outdoor amphitheater. You can also find regular events and activities, such as outdoor movies and yoga classes. Stop by to learn more about the history and culture of the neighborhood.

 

 

History of the NewBo District in Cedar Rapids, Iowa

 

The NewBo District of Cedar Rapids, Iowa, is a vibrant and rapidly growing neighborhood located in the city's southeast corner. After the devastating floods of 2008, Cedar Rapids invested heavily in the area, creating a plan to revitalize the neighborhood.

 

The revitalization of the NewBo District was part of an overall effort to spur economic development in the region. In 2013, the NewBo City Market opened its doors, becoming the heart of the district. The market is a hub for local businesses, farmers, artisans, and makers. The market also hosts various events throughout the year, including a weekly farmers market, community art classes, live music, and more.

 

In addition to the City Market, the district is home to various unique businesses and organizations, such as the African American Museum of Iowa, the National Czech & Slovak Museum and Library, the Cedar Rapids Museum of Art, and the Cedar Rapids Public Library.

 

Today, the NewBo District is a vibrant and thriving neighborhood that continues to draw in people from all walks of life. With its mix of businesses, restaurants, and cultural institutions, the district is a great place to live, work, and play.

 

Click here for a list of condos for sale in NewBo.

 

 

Cedar Rapids, Iowa, has a rich history that dates back to the 1800s. The area was first settled by European immigrants in the 1830s and is based on agricultural and related industries (cereals, packaged meats, farm implements, stock feeds, and milk-processing machinery) and the manufacture of electronic equipment. The city was officially incorporated in 1849 and was named after the Cedar River, which runs through the city.

 

In the late 19th and early 20th centuries, Cedar Rapids experienced significant growth and development. It became a major industrial center, with many manufacturing and processing plants, including those for meatpacking and flour milling. The city also attracted many immigrants from Eastern and Southern Europe who came to work in the factories.

 

During World War II, the city's industries played a vital role in supporting the war effort. After the war, Cedar Rapids continued to grow, becoming a center for insurance and finance. The city also experienced a building boom in the 1950s and 1960s, with many new homes and businesses being constructed.

 

In 2008, Cedar Rapids was hit by a devastating flood that caused significant damage to the city. However, the community rallied together and underwent significant revitalization and rebuilding. Today, Cedar Rapids is known for its strong sense of community, diverse population, and vibrant arts and culture scene.

 

Cedar Rapids, Iowa Condos

 

There are a variety of condos available for purchase or rent in Cedar Rapids, Iowa. These can range from older, historic buildings to newer construction and can vary in size, amenities, and price. To find condos in Cedar Rapids, search online real estate listings, check with local real estate agents, or look for advertising in local newspapers and magazines. Additionally, you can also check classified websites or local newspapers for condos for sale or rent in Cedar Rapids, Iowa.

Call us Now: 3198495252

Looking for the perfect Single Family Home for Sale in Cedar Rapids, Iowa?

 

Posted in Market Updates
Jan. 27, 2023

Steps After Your Offer on a House is Accepted - Video

Hey, happy Thursday, everybody! It's nice and cold out today - it's 11 degrees - but we're going to warm up with some education. As cheesy as that may sound, what we're going to educate about today is a document I made that helps us to understand the transaction flow when buying a home. So, I will share my screen and take you through it without further ado.

Boom - here we go! 

Okay, what we have going on here is what happens after my offer is accepted as a buyer. I loaded this up on our site, so if you wanted to download this PDF you can easily do that if you're going to take it for reference.

This chart shows us what happens after the offer is accepted. Unfortunately, it's a bit small, so it might be helpful to download it if you're interested in looking at this more closely.

But there's a lot of stuff happening right after that offer gets accepted. As a buyer, you're like, "Okay, I got my offer accepted - hooray - but now what?" That's where a great real estate agent will come in and help guide you through the process, whether it's somebody from our company or another agent. There are many good agents out there, so I'm interviewing many. If I don't have an agent that cares about my best interest, I should keep looking.

Going back to our accepted offer process, after it's accepted, if we specify that we're going to do inspections, that's one thing that starts going into play. Some of these figures may be lower than they are today, but the process is still the same. We can do a whole house inspection, a radon inspection, and a pest inspection. If the home is on a well or septic, we will be required to do an inspection.

Then we figure out what's going on, negotiate the findings, and agree. If we can't come to an agreement, we can back out of the contract - which is wonderful for the buyer. So this is the timeline showing what's happening and how all these other things are attached to it.

Let's say we're doing a loan - which most people do - we find all the required income verification documents, sign the note, and meet with the lender to permit them to start the lending process. They'll fire up the appraisal and ensure the home is worth what we agreed. This protects the bank and the buyer.

Once the appraisal is great, we can release the appraisal contingency. The lender sends the file to their underwriting department to verify the documents and appraisal. If everything looks good, they can approve the loan and we can release the financing contingency.

The escrow and closing company is doing a number of things - updating the abstract, ordering a payoff, paying the taxes, and compiling all the closing documents. Then, finally, they'll send the deed to the recorder and make sure the numbers all balance. 

Then we ensure our insurance is all good and do a final walk-through. We check that the house is still in the same condition and that any inspection findings were completed as agreed. After that, we close the deal. Finally, we meet with the lender, sign all the loan documents, and get the keys and garage door openers.

I hope this has been beneficial and you've gained some insight. If you have any other questions, contact us at revolutionrealty.team or call 319-849-5252. You can also look us up online or email me at Rob@RR-Dashteam.com. Thanks so much, and stay warm out there!

Posted in Market Updates
Jan. 18, 2023

Finding the Perfect Single Family Home for Sale in Cedar Rapids, Iowa

An Overview of Cedar Rapids, Iowa, and its Real Estate Market

Cedar Rapids, Iowa, is located in eastern Iowa, approximately 30 miles northwest of Iowa City and 150 miles east of Des Moines. It is the second-largest city in Iowa, with a population of around 130,000. It is the county seat of Linn County and the home of many businesses, including Rockwell Collins, Quaker Oats, and Pearson.

The real estate market in Cedar Rapids is quite favorable for buyers. The median home price in Cedar Rapids is around $180-190,000. This makes Cedar Rapids a great place for those looking for an affordable place to call home. Additionally, the city is home to a variety of single-family homes, townhouses, condos, and multi-family homes, all of which can be found in various price ranges.

For those looking for a single-family home, there are many options in Cedar Rapids. Some of the most popular neighborhoods in the city include College Hill, New Bohemia, and Mound View. These neighborhoods offer excellent access to downtown, parks, and other amenities, making them desirable locations for buyers. 

Cedar Rapids is also a great place to purchase a rental property. There is a wide variety of rental properties in the city, ranging from single-family homes to multi-family units. Renters are drawn to the city due to its affordability, and landlords can benefit from its great rental market. 

Overall, the real estate market in Cedar Rapids is very favorable for buyers. The city is home to various homes in different price ranges, making it an excellent place for those looking to purchase a home or invest in real estate. 

How to Find the Right Single Family Home in Cedar Rapids

1. Understand Your Needs: Consider what you're looking for in a single family home in Cedar Rapids. Think about the size and type of home you need, the amenities you desire, and the neighborhoods you're interested in.

2. Research Local Markets: Research the Cedar Rapids area real estate market to understand market trends, available inventory, and local prices.

3. Consult with Professionals: Consider speaking with a real estate professional who is familiar with the local market and can offer insights into the current state of the market. Once you find a professional, do the next three steps with their assistance!

4. Set a Budget: Determine how much you're willing to spend on your new single-family home in Cedar Rapids. Be realistic about what you can afford, and be sure to factor in closing costs, property taxes, and other associated costs.

5. Visit Homes: Once you've narrowed your list of potential homes, visit each to get a better feel for the home and the area. This can help you make a more informed decision about your home.

6. Carefully Consider Your Offer: Consider your offer carefully when you've found the right home. Negotiate with the seller to ensure that you get the best deal possible.

The Benefits of Buying a Single Family Home in Cedar Rapids

1. Potential for Appreciation: Real estate is generally a good investment, and single family homes in Cedar Rapids are no exception. The real estate market in Iowa is expected to appreciate in the coming years, meaning that buying a single family home now could be a good financial decision.

2. Increased Privacy: Purchasing a single family home provides far more privacy than other housing options such as condos or apartments. Since single-family homes are on their lot, you can enjoy a greater sense of privacy without worrying about intrusive neighbors.

3. More Space: Single family homes often provide more space, both inside and outside, than other housing options. You will have a yard to entertain or relax and a larger living space to suit your needs.

4. Customization: With a single family home, you can customize the property however you desire. Whether you want to add a pool, build a shed, or anything else, you can make changes to the home that suits your lifestyle.

5. Location: Cedar Rapids is a great city with many amenities. With a single family home, you can choose the perfect location for you and your family, whether you want to be close to downtown or in a quiet neighborhood.

The Different Types of Single Family Homes Available for Sale in Cedar Rapids

1. Ranch Homes: These single-story homes are typically one story in height, with a low-pitched roof and simple, open floor plans.

2. Colonial Homes: These two-story homes have a symmetrical façade and a centered front door. The sides of the home are usually comprised of windows, and the second floor often extends over the first floor.

3. Split-Level Homes: These homes are usually two stories high but with multiple levels. The split-level design allows for more space and rooms but a smaller footprint.

4. Cape Cod Homes: These single-story homes feature steep, gabled roofs and a symmetrical design. They usually have small windows and a symmetrically-placed front door.

5. Craftsman Homes: These two-story homes are characterized by their low-pitched, gabled roofs and wide porches. They often feature stone or brick accents and a large front porch.

6. Tudor Homes: These two-story homes feature a steeply-pitched roof, stucco exterior walls, and tall, narrow windows. They are often embellished with decorative wood trim and stone accents.

7. Contemporary Homes: These homes are characterized by their simple, modern design. They are usually one or two stories and feature large windows and open floor plans.

8. Townhomes: These homes are attached and feature two or three stories. They usually have a small front yard and a shared common area.

What to Consider Before Buying a Single Family Home

1. Location: The location of a single family home in Cedar Rapids is an important consideration when buying. It would be best to consider factors such as the proximity to amenities, schools, parks, transportation, and other neighborhood features. 

 

2. Budget: Make sure to create a budget and stick to it when buying a single family home in Cedar Rapids. Consider mortgage payments, insurance, tax, repairs and maintenance costs, and any special features you may want in your home. 

 

3. Condition: Evaluate the home before purchasing, as any needed repairs or renovations can add up quickly. Consider hiring a home inspector to assess the property before making a final decision. 

 

4. Resale Value: When buying a single family home in Cedar Rapids, consider the potential for resale value. Investing in a home in an appreciating neighborhood or with desirable features can help you make a sound financial decision. 

 

5. Homeowners' Association: Many single family homes in Cedar Rapids are part of a homeowners’ association. If this is the case, research the rules and regulations of the association, including any special fees or dues. 

 

How much can I afford when looking for a single family home in cedar rapids?

The amount you can afford when looking for a single family home in Cedar Rapids depends on various factors, including your income, credit score, and down payment amount. Generally speaking, as a good rule of thumb, you should expect to spend no more than three times your annual income on a home and expect to put anywhere from 5%-20% down, although you may qualify for available first-time home buyer credits. For example, if you make $50,000 a year, you should look for homes that cost no more than $150,000.

What is the first step when buying a single family home in cedar rapids?

The first step when buying a single family home in Cedar Rapids is to find a reputable real estate agent who is familiar with the area and can help you throughout the home-buying process.

 

Should I sell my current property before buying a new one?

That depends on your circumstances. Consider selling your current property if you are looking to downsize or if you can get a better return on your investment by selling it now. However, if you want to move to a larger or more expensive property, consider holding onto your current property and renting it out. This will help you cover your mortgage payments and provide you with a steady income. Ultimately, it is up to you to decide the best option for your situation.

Should I do a home inspection when buying a single family home in Cedar Rapids, Iowa?

It is always a good idea to do a home inspection when purchasing a single family home, no matter where it is located. A licensed home inspector will be able to identify any potential issues with the home that you may not be able to see. This can help you make an informed decision about the home and can help you avoid costly repairs down the road.

 

How does earnest money work when buying a home? 

 

When buying a home, the earnest money is a deposit made by the buyer to show that they are serious about purchasing the property. The earnest money is usually held in an escrow account,, until the closing of the purchase. The amount of earnest money can vary but can be as little as $500, depending on the transaction. The earnest money will be applied to the purchase price at closing, or it can be refunded to the buyer if the deal is not completed for a qualified reason

What's the process of getting approved for a mortgage?

1. Prepare your financial documents: Before applying for a mortgage, you’ll need to compile various documents. This includes your income, employment history, bank statements, credit history, and tax returns.

 

2. Get pre-approved: Once you’ve gathered your financial information, you can apply for pre-approval. This is a process in which a lender evaluates your financial information to determine if you’re eligible for a mortgage and the loan amount you’re qualified for.

 

3. Submit a loan application: Next, you’ll submit a loan application to the lender. This will include details about your income, assets, and debts.

 

4. Wait for underwriting: The lender will review your application and run a credit check. If all of the information is accurate, the loan will go to underwriting. In this stage, the lender evaluates the risk of the loan and decides whether to approve or deny it.

 

5. Receive a loan decision: Once the underwriting is complete, you’ll receive a loan decision. If the loan is approved, you can start the closing process.

 

How long does it take to buy a home?

The amount of time it takes to buy a home typically varies by the transaction's complexity and the home's availability. It could take anywhere from a few weeks to several months. Generally, depending on the parties involved, it can take anywhere from 30-45 days to close on a home from when an offer is made and accepted.

 

What is a seller’s market in real estate? 

A seller's market in real estate is when more buyers are looking to purchase properties than properties available for sale. In this market, buyers often compete for a limited number of houses and may have to offer higher prices to secure a property. This can result in sellers getting a higher price for their property than they might have in a more balanced market.

What is a buyer’s market in real estate?

A buyer’s market in real estate is a market condition in which homes are abundant for sale and relatively few buyers. This results in lower prices and better opportunities for buyers to negotiate favorable terms.

How much do I have to pay an agent to help me buy a house?

Little or no fees. The seller pays the buyer’s agent fees through their payment to the seller’s agent. 

 

What kind of credit score do I need to buy a home? 

 

The minimum credit score you need to buy a home will depend on the type of loan and the lender, but generally, you will need a credit score of at least 620. Some lenders may require a higher score, and some may accept a lower score if you can provide additional financial information to support your loan application.

 

How much does a single family home cost in Cedar Rapids, Iowa? 

 

The median list price for a single-family home in Cedar Rapids, Iowa is around $180-190,000.

Renting a single family home is often seen as a short-term solution compared to buying a single family home in Cedar Rapids. Renting can provide flexibility and mobility, as tenants typically move out of the property quickly. Additionally, renting can be less expensive than buying, requiring no down payment or mortgage payments. Tenants are generally responsible for only the rent, utilities, and other fees associated with the rental agreement.

 

On the other hand, buying a single family home is generally a more long-term solution. Purchasing a single family home in Cedar Rapids requires a down payment, mortgage payments, and other associated costs, but it also provides some financial benefits. For example, a homeowner can build property equity over time and take advantage of tax deductions for mortgage interest payments and property taxes. Additionally, owning a single family home can provide stability and security that renting may not. 

 

In the long run, buying a single family home can be more cost-effective than renting. The down payment and mortgage payments may be expensive upfront, but they can be offset over time with tax deductions and property appreciation. Furthermore, homeowners can build equity in the home and have the potential to sell the property for a profit in the future. 

 

Ultimately, deciding between renting or buying a single family home in Cedar Rapids depends on an individual's financial situation, lifestyle, and plans.

 

Ready to get pre-approved? Click here.

Posted in Market Updates
Dec. 15, 2022

What happens after my offer is accepted? (Buyer)

Suggestive buyer perspective metaphorically inviting the buyer through the transaction or home

A download of the chart below as a PDF is available here----> Download (PDF)Transaction home buying diagram illustration

 

-Earnest money, will be delivered to the listing broker where it will be held until closing or termination of the contract unless otherwise agreed to by all involved parties. This can be accomplished via electronic means, check, or any other agreed terms by the buyer & seller.

(Also, earnest money can't be forfeited or lost by the buyer unless there is a contract breach. A breach means anything outside of the agreed terms. e.g. If a buyer performs an inspection as a part of the executed agreement's terms as stated in the contract and reserves the right to walk away from the transaction upon receipt within the agreed timeframe, the buyer would not forfeit/lose their earnest money. )

-Inspections, will be completed within the time on the contract we specified (usually 10 business days).

-Negotiate Inspections Findings

-Release Contingencies for inspection (s) upon mutual agreement.

-Appraisal, the appraiser will go out after you've met and signed the lending disclosures with your lender). The appraisal will need to be completed within the dates, we've specified in the purchase agreement.

-Release appraisal contingency

-If there are any repairs to be made, depending on what they are, the seller will start them and or be prepared on standby in anticipation of the financing contingency release date as stated per the agreed contract. The seller's logic in this situation is to make sure the buyers are able to secure a loan before beginning specifically agreed-upon repairs which only may be important to you as a home buyer. In essence, this renders the seller at a potential financial loss if the repairs made weren't common repairs any other reasonable buyer would expect when considering offering on the seller's home.

-Financing contingency released and full loan approval achieved.

-Call utility companies and schedule your utilities as of the tentative closing date.

-Do a final walkthrough of the property before closing to make sure the house is still in the same condition as when you saw it last as well as check out the agreed-upon inspection repairs (assuming there were any).

-Close!

-Do whatever your happy dance is and celebrate...YOU MADE IT! …Now time to move all of my stuff?!?!

 

Check out our Live-Stream/Podcast for tons of great market info as well as the conversations we're having with our vendors. #UndeniableValue

 

Click here to see our guide on Single Family Home for Sale in Cedar Rapids, Iowa

Posted in Market Updates
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

 

Click here to see our guide on Single Family Home for Sale in Cedar Rapids, Iowa

Posted in Market Updates