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Stateof the

Monthly Real Estate Market Updates Pgs. 8-10 JUN

E 20

10

POWERED BY MIKE GRBIC TEAM REALTORS

350 N Valley Rd$795,0003 Bed 3.5 Bath 4 Car-Garage SQFT-4,498 31 acres

This beautiful home has an open floor plan and a finished walk out basement with family room, office, safe room, wine cellar, mechanical workshop, & hobby room. The gourmet kitchen includes tile floor, granite counter tops, walk-in pantry, and double ovens. Outside are 2 ponds, a 40x60 workshop, and a 10 zone sprinkler system. This house could be purchased with 140 acres for $975,000.

This amazing home includes vaulted ceilings, floor to ceiling windows, stone surrounded fireplace, hardwood floors, and stainless steel appliances. Master suite has bay windows and a double Jacuzzi tub. Full finished walk out basement with fully functioning kitchen. A large raised deck and covered back patio looks out over the pond. The garage can also function as a guest house that includes its’ own small, raised deck.

5919 W Pleasant Valley Rd$650,0006 Bed 4.5 Bath 4 Car-Garage SQFT-6,738 80 acres

2531 S. Leo Cir$499,9006 Bed 4 Bath 4 Car-Garage SQFT-4,629 4.53 acres

This custom built home includes hardwood floors, a beautiful, stone-encased fireplace, a loft library/office, a grand staircase with intricately detailed wrought iron spindles, and an absolutely stunning wet bar, which includes granite counter tops. Outside are beautiful views of the pond, perfect landscaping, and a wrap around deck. One of the garages has an upper level that can be finished for additional living space.

2510 Kinder Dr $440,0005 Bed 3.5 Bath 3 Car-Garage SQFT-5,475 CityLot

This prestigious home has solid maple wood-work, new carpet, crystal chandeliers, two fireplaces, huge gourmet kitchen with but-lers pantry, two safe rooms and more. Master bedroom includes a spa/sun room leading to the back deck. Home sits on a full finished walk-out basement. Outside a 34x14 Trek deck covers the back of the house. 3 car over-sized garage is fully insulated and ducted.

24 Hr. Rec. Info. Call 1-866-472-6673 ext. 180 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 102


40

0K

-1M

3To schedule a showing call 316-684-0000

Oxford Pretty Prairie

El DoradoGoddard

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To schedule a showing call 316-684-0000

Relax, Rejuvenate!Revive,

1501

AMAZING EXECUTIVE LEVEL HOME located in the very prestigious Rocky Creek development and Andover school district. This home features 5 bedrooms, 4.5 bath, 3 car ga-rage, and just over 5000 square feet of living space. Outside you will enjoy the lush landscaping that provides beauti-ful curb appeal. Inside you will appreciate the great open floor plan with neutral decor throughout. The living room features a magnificent fireplace and built in book shelves with vaulted ceilings giving the room a very open feel. In the kitchen you will notice the amazing hardwood floors, granite counter tops, island, and the beautiful woodwork throughout. The master suite features walk in closets, ac-cess to the patio, and a master bathroom with separate tub and shower. The basement offers a great place to enter-tain featuring a beautiful additional fireplace and wet bar. In the back you will enjoy sitting on the raised deck over looking the patio area, and beautiful large in ground pool that has been converted to salt water, and newly finished pool house. The home also has access to a pond which gives you the feeling of rural living in the city. This home is an absolute must see and is sure to please the most dis-criminating buyer! WELCOME HOME!!!!To schedule a showing please call 684.0000

Rejuvenate!

Rocky CreekNWichita, KS1501

Find an Oasis in your own backyard!

$675,000

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2300 N Rough Creek $419,900 SQFT 3,570 City Lot5 Bed 3 Bath 3 Car-Garage

This gorgeous executive home on the Golf Course, par 3, hole 11, has an open split floor plan, professional faux finished walls, alcoves, murals and built-ins throughout. Additionally this home features beautiful woodwork, hardwood floors, and amazing custom window treatments. Downstairs walk/out basement includes game room and wet bar. The garage is heated & cooled and has a high lift door allowing for a car lift to be installed.

This former model home, which sits right on the golf course, has vaulted ceilings, gas fireplace with granite, & coffered ceilings throughout. There’s also a gourmet kitchen, rotunda breakfast nook & formal dining room. Master suite includes oversized windows, access to deck, & whirlpool tub. Finished basement includes theatre room and wet bar.

2730 N. Rough Creek $359,900 SQFT 3,821 City Lot5 Bed 3 Bath 3 Car-Garage

2607 N. Rough Creek $349,900SQFT 3,821 City Lot5 Bed 3 Bath 3 Car-Garage

This former model home, located in a golf course community, has vaulted 10 foot ceilings, gas fireplace with granite, and coffered ceilings throughout. There’s also a gourmet kitchen, rotunda breakfast nook, and formal dining room. Master suite includes oversized windows, access to deck, and whirlpool tub. Finished basement includes theatre room and wet bar.

6 To schedule a showing call 316-684-0000

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Derby

Derby Derby

24 Hr. Rec. Info. Call 1-866-474-5699 ext. 117



Distinctive homes for the astute buyer

A neighborhood of friends, celebrations, leisure, and activities

Walking paths

Community ponds

Golf course views

Play Ground

Pool

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13204 E. Stampede $365,000 SQFT 3,478 City Lot4 Bed 3 Bath 3 Car-Garage

This move in ready home has an open floor plan with large rooms, large walk-in closets, neutral decor, hard wood floors, and large windows throughout. Kitchen includes Corian counter tops, maple cabinets, eating bar and island. Full finished walk out basement includes game room and wet bar. Sit out on the wood deck, and you’ll enjoy views of the stables & lake.

This beautifully updated home has a spacious floor plan, new carpet, new wood floors, slate tile, 3 stone encased fireplaces, new paint, and new bathrooms! Outside there’s a large pond with an island, and a large hanger, with attached workshop. There’s a private taxi way to the newly updated Stearman Field that has a 5000x60ft runway with GPS approach and a full service maintenance facility.

14985 SW 30TH $365,000 SQFT 3,434 on 2.9 Acres3 Bed 3 Bath 4 Car-Garage

1106 E Partridge Cir $349,900SQFT 4,663 on 1.5 Acres5 Bed 3.5 Bath 4 Car-Garage

This Derby home has vaulted ceilings, a gas fireplace, a large kitchen with gorgeous wood laminate flooring, a pantry, plenty of cabinet space, and a breakfast nook with access to the porch. The main floor also includes a massive master suite. Finished basement includes game room, office, and rec room. Outside is a Swimming pool, patio, screened in porch and wood deck with built in benches.

4772 N Portwest Ct $349,900SQFT 3,072 City Lot4 Bed 3 Bath 3 Car-Garage

This updated home has vaulted ceilings, skylights, new carpet, 2 fireplaces, wet bar, newer tile floors, central vacuum system and more. The large kitchen has Corian counter tops and a Jenn-Air range. The master suite features coffered ceilings and has access to the deck. This home sits on a full finished walk out basement. Outside is a large covered patio, raised wood deck, heated garage, and private dock on the lake.


300

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0K

Derby East Wichita Benton

Derby

24 Hr. Rec. Info. Call 1-866-472-6673 ext. 16624 Hr. Rec. Info. Call 1-866-472-6673 ext. 131


Community ponds

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Northwest Wichita

What Are Interest Rates Doing? The record low rates we’ve had below 5%, aren’t predict-ed to stay that way over the long term. The Mortgage Bankers Association forecasts the 30-year fixed mortgage rate will rise, but only to 6.3% by the end of 2011.

Are Homes Still Selling? Yes. Home sales from March to April were up 31.4%, according to the latest figures put out by the South Central Kansas MLS. April sales figures of 891 homes were also up 31.8%, over April 2009 sales.

April’s pending transactions were the highest, for one month, in recorded history. Will the tax credit bump, cause

a late summer slump? We’ll see. WSU Center for Real Estate predicts a 5.1% increase in home sales for 2010.

How About Home Values? This is probably the single biggest question I get. Historically our market has en-joyed a stable and modest home appreciation of 3-5% a year. We never had a value “bubble” that needed to deflate. The 2008 and 2009 market appreciation has hovered around 2.2% and is predicted to remain the same in 2010.*

* Year-over-year percentage change in the Federal Housing Finance Agency all-transactions home price index as measured using 4th quarter values.

What a ride this has been. Wichita area home sales have fallen by more than 30% over the past 3 years. Starting in late 2008, the market seemed to hit the wall. During the same time, home inventory levels rose, creating a buyer’s market in many of the higher price ranges, but the market seems to be turning the corner. It won’t be a robust recov-ery, but rather a slow and steady improvement. Buyer con-fidence and continued economic improvement will keep sales moving.

THINGS ARE LOOKING UP! MAY 2010

8

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Stateof the

BY

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E N

UM

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S BUYER’S MARKET or SELLER’S MARKET?In real estate, a buyer’s market or seller’s market is de-termined by the relationship between supply (number of homes for sale) and demand (number of homes sold last month). This relationship is called the “Month’s Supply of Inventory” and is calculated by dividing the

total inventory by the number of homes sold.

Everyday I get asked the question, “How’s the real estate market?” But to thoroughly answer this seemingly simple question, I begin by asking another question, “Which

market?” Are you referring to the $200,000-$250,000 market in West Wichita, the downtown condo market, or the $100,000-$150,000 market in Derby? While the over-all market may behave one way, these SUB-markets are each performing differently.

The SUB-markets - The most noticeable market shift, in my opinion, is not categorized by location as much as by price range. Homes in higher price ranges aren’t experiencing near the buyer activity as the lower priced homes. The market for homes under $180,000 is still moving along nicely. Home sales above $180,000, and certainly above $200,000, showed the biggest slow down and definitely favors the buyer. Refer to the table above to see how the price range of your home may be affected by current market cond-itions. Some price ranges are experiencing strong buyers’ markets while

FROM THE DESK OF

Mike Grbic

Existing Homes

PRICE RANGE Aug Sept Oct Nov Dec Jan Feb Mar

Month's Supply APRIL

HOMES SOLD

HOMES FOR SALE

Average Days on Market

% of Sales

$29,999 OR UNDER 2.0 1.8 2.6 2.3 2.0 5.1 3.3 2.4 2.2 54 118 83.4 6.2%$30,000 - $39,999 5.0 3.9 2.9 6.5 7.0 4.1 4.6 3.8 4.5 25 112 102.7 2.9%$40,000 - $49,999 5.4 5.8 5.6 5.8 5.9 7.4 6.6 5.6 4.5 33 148 38.4 3.8%$50,000 - $59,999 7.1 6.6 6.8 8.7 6.8 11.9 9.6 9.2 5.1 37 190 69.2 4.2%$60,000 - $69,999 5.9 5.1 4.7 4.4 5.5 14.8 8.3 9.3 6.5 41 266 55.1 4.7%$70,000 - $79,999 5.2 4.4 4.3 4.3 6.2 14.2 12.2 6.8 4.0 53 212 73.6 6.1%$80,000 - $89,999 3.5 3.3 3.2 3.2 5.3 10.1 7.9 4.0 2.8 58 164 75.6 6.7%$90,000 - $99,999 3.9 4.0 3.2 3.3 8.4 9.7 6.5 4.3 3.4 46 155 41.6 5.3%$100,000 - $119,999 3.0 3.5 2.8 2.6 3.9 6.3 4.1 4.0 2.9 83 240 67.2 9.5%$120,000 - $139,999 2.9 3.5 2.9 3.2 6.2 9.7 7.8 4.5 2.9 143 415 61.8 16.4%$140,000 - $159,999 4.0 5.2 4.2 5.0 6.7 10.3 9.3 8.0 4.3 80 341 50.3 9.2%$160,000 - $179,999 4.1 5.2 4.3 4.2 8.1 11.4 10.3 6.3 5.9 46 270 61.7 5.3%$180,000 - $199,999 4.9 4.9 6.5 7.2 8.7 18.3 15.9 9.0 4.0 50 198 86.5 5.7%$200,000 - $249,999 5.3 8.1 6.9 9.0 6.1 11.2 10.7 10.1 6.3 51 323 104.7 5.8%$250,000 - $299,999 5.1 11.1 10.2 6.8 13.4 19.4 11.4 9.8 9.8 26 254 104.3 3.0%$300,000 - $399,999 10.2 11.8 12.7 11.2 20.0 15.5 13.7 6.8 9.9 22 217 135.4 2.5%$400,000 - $499,999 11.6 16.2 8.0 7.4 9.5 28.7 86.0 10.0 8.8 11 97 87.5 1.3%$500,000 OR OVER 44.8 16.0 104.0 42.1 53.6 31.0 14.9 34.0 11.2 13 146 133.6 1.5%Market Total 872 3,866

New and Existing Sales Single Family

NEW AND EXISTING HOMES

9

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Dan Beat, Insurance AgentMike Grbic, Realtor

(CONTINUED FROM THE DESK OF MIKE GRBIC)

others are definitely more favorable to sellers. The price ranges between $100,000 and $160,000 make up 35.1% of the entire market, while only 8.3% of the market is buying homes over $250,000. The past year has seen a slow down in “move up” buyers and a marked increase in people wanting to “downsize” into something smaller. This more conser-vative mood is what has created the shift to the middle of the market, increasing demand for nice but more affordable homes and leaving some upper end homes to feel a lonely breeze. In a buyer’s market only the nicest, homes that create the greatest value to the buyer will sell. If you are priced properly, you won’t need to deeply discount the price of your home. Existing homes sold in April received 96.62% of their asking price. This means that on average, across all areas and price ranges, sellers were only dropping their asking prices in April by 3.38% during negotiation.

Is now a good time to buy or sell? I hope this monthly market report has been helpful in answering that question for you. My job is to provide you the information necessary so that YOU can make an informed decision for you and your fam-ily. Low interest rates and reasonable home prices make it a very favorable time to buy. If you’re considering the sale of your home, we highly encourage an aggressive marketing approach, proper strategic pricing, and making all necessary improvements to your home’s presentation and make it rise above the competition. Homes ARE still selling. The com-bination of these three things will result in a successful sale. This is not the time however, to ‘test’ the market at inflated prices.

For real estate advice on your particular home, and home sales data for your neighborhood, seek out the services of an experienced real estate professional.

Mike Grbic, Mike Grbic Team Realtors, Associate Broker, Select Homes, a Realtor since 1994, has helped buyers and sellers in the Wichita area with thousands of successful home sales. Mike Grbic Team Realtors was ranked #1 Agent/Team in Wichita by number of transactions 2005-2009. They were also ranked #32 in the US by the Wall Street Journal. Mike can be reached for questions at (316) 684-0000 or [email protected].

31027 W Bergkamp $334,900 SQFT4,717 on 1 Acre5 Bed 4 Bath 3 Car-Garage

This beautiful home is a spacious ranch on a 1 acre lot. There is beautiful woodwork throughout and two fireplaces including a two-way fireplace in the basement. The master suite includes 2 sinks, a whirlpool tub, and 2 walk-in closets. The kitchen includes a full walk-in pantry, and there’s a main floor laundry with storage, a sink, and counter. Outside is a covered deck and a large mid-level walk out patio.

This amazing, executive level home, with a unique yet tasteful décor, offers an open floor plan, arched doorways and pillars, and a separate hearth room. The large kitchen has hardwood floors, eating space, eating bar, recessed lighting and pantry. There is both a mid level walk out AND a walk out basement, and it’s wired for surround sound! Outside includes a large wood deck and sprinkler system.

132 S Montbella$315,000 SQFT 3,421 on 1 Acre5 Bed 3 Bath 3 Car-Garage

12313 W 34TH S Wichita $299,900 SQFT 2,836 on 1.01 Acres4 bed 3.5 Bath 3 Car-Garage

This beautiful home, within the Goddard school district, includes a main floor library/office, vaulted ceilings, and amazing views. Downstairs includes a large family room, wet bar, and another office or computer room. The homeowner has gone through great lengths to upgrade this home with Knotty oak throughout, and trim work that will not be found in any other home. This estate is an absolute must see!

1482 N Webb Rd $299,900 SQFT 2,851 on 2 Acres3 Bed 3.5 Bath 4 Car-Garage This amazing, sprawling estate includes

arched doorways and pillars, a hearth room, and a large kitchen with hardwood floors. There’s a beautiful master suite and spa bath with a large walk in closet. This home has both a mid level walk out AND a walk out basement. The spacious family room downstairs includes a wet bar, and it’s wired for surround sound. Outside you’ll find a large wood deck and manicured lawn with a built in sprinkler system.


West Wichita Mulvane

Garden Plain

250K

-40

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East Wichita

Serving Butler, Cowley, Kingman, Reno, Sedgwick, and Sumner Counties

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321 Pine Meadow in Flint Hills National, furnishings by Diva Furniture

200

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4 Bed 3 Bath 3 Car-Gar.

Custom built home with hardwood flooring, 2 fireplaces, high end appliances, hearth room, finished basement, security system, covered patio & wood deck.

4407 N Fritillary Cir$299,900

710 W Gatewood Lane $235,000

4127 N Plum Tree $239,900

10124 W Westlakes Ct $239,900

3840 N LILY CIR. $249,900

4109 N Plum Tree$259,900

6710 S Hydraulic $289,900

1307 E Kay $259,900

539 N Stonetree Place $279,900

3742 S 339Th St W $299,900

5 Bed 3 Bath 3 Car-Gar.3 Bed 3 Bath 2 Car-Gar.

4 Bed 3 Bath 3 Car-Gar.4 Bed 3 Bath 3 Car-Gar.

5 Bed 3.5 Bath 2 Car-Gar.5 Bed 3.5 Bath 3 Car-Gar.




Back patio, space in the garage for a car lift, an enormous out building with electricity, 3-stall barn wired & plumbed, private pond, & ready to finish basement.

Open floor plan, vaulted ceilings, neutral decor, hardwood floors, 2 fireplaces, large second story bonus room, sprinkler system, & oversized 3 car garage.

Custom built home on lake lot, view out/walk out basement, 2 fireplaces, library, exercise room, hearth room new roof, new paint, deck & separate patio.

2 story home with formal dining room, hearth room, insulated basement walls, gorgeous back yard, creek like setting, awesome landscaping, & large wood deck.

Completely updated executive home with all new stainless steel appliances, glass tile back splash, granite counter top, new paint, lighting, & hardwood floors.

Custom built home with impressive engineered efficiencies, beautiful stone work, two fireplaces, vaulted beamed ceilings, newer roof, and guttering.

Lake lot, split bedroom plan, large kitchen, new carpet, fixtures, & blinds. A finished walk out basement. Covered deck, sprinkler system & an irrigation well.

In this home find vaulted ceilings, beautiful wood-work, neutral décor, large bedrooms, a finished walkout basement, patio area, two new decks, & hot tub.

This home has neutral décor, open floor plan, vaulted ceilings, two way fireplace, finished basement, covered wood deck, patio, fenced yard, & sprinkler system.

SQFT 3,889 City Lot

SQFT 3,130 City Lot

SQFT 3,282 City Lot SQFT 3,510 City Lot

SQFT 1,617 on 8.8 Acres

SQFT 3,984 on 1 Acre

SQFT 3,247 City Lot

SQFT 2,661 City LotSQFT 2,717 City Lot

SQFT 3,045 City Lot

Cheney

Andover

Andover

Derby

Maize

Select


Northeast Wichita

Northeast Wichita

Northwest Wichita

Northeast Wichita

South Wichita


2602 E Sunny Slope $227,519

4 Bed 3 Bath 3 Car-Gar.SQFT 2,602 City Lot







6602 N Upchurch $214,000


2614 E Burlington Ct $179,900


6404 W 34TH ST N $234,900


105 W PRIMROSE CT $229.900


671 E WHEATRIDGE $225,000

5 Bed 3.5 Bath 2 Car-Gar.SQFT 2,750 City Lot

5700 W 279TH ST W. $224.900


Park City Park City

Park City

Rose Hill

Pretty Prairie

175K

-250

K

Mount Hope

This home has vaulted ceilings, Knotty Alder kitchen cabinets, & extensive wood crafts-manship throughout. Fully finished view-out basement.

This home includes 2 gas log fireplaces, hickory cabinets in the kitchen, appliance package, & exceptional wood craftsmanship. Fully finished basement.

Upgrades going throughout this beautiful home: range with hood, dishwasher, 2 gas fireplace, 9ft vaulted ceilings, covered wood deck and much more.

This home features neutral décor, hardwood floors, hearth room, vaulted ceilings, full finished basement, sprinkler system, wood deck, & fenced yard.

This home includes vaulted ceilings, neutral décor throughout, open floor plan, hardwood floors, and a wood deck.

This home features an open floor plan, neutral décor, arched entries, vaulted ceilings, coffered ceilings, spacious rooms, and all kitchen appliances included.

This home has vaulted ceilings, new carpet, neutral décor, and all appliances. Full finished basement, Back patio, & 3 other outbuildings, all with power.

Your home advertised here!

Call us at684-0000

Select Homes Magazine is a monthly real estate magazine with an estimated readership of

30-40,000 people.

For questions or comments about advertising or editorial comment, contact Leah Brasca at

684-0000 or [email protected].

Park City’s Home Buyer’s Incentive: $3500

Towards closing cost or upgrades!

No HOA fees!Jogging path, playground, lake/pond

Close to shopping and entertainment

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Northwest Wichita


8125 E OLD MILL CT $224,900

8006 E OLD MILL $219,900

8161 E OLD MILL Ct $199,900

538 N CALEB $224,900

927 N Cedar Brook Cir. $219,900

220 W 3rd $215,000

1203 S Arbor Meadows $214,900

Haysville

Halstead

Mulvane

Derby

175K-250

K

GUARANTEEL VE IT OR LEAVE IT

BUY A HOME FROM US AND IF YOU DON’T LOVE IT GIVE IT BACK!

WE WILL SELL IT FOR YOU FOR FREE!CALL 316.684.0000 FOR DETAILS

5 Bed 3 Bath 3 Car-GarSQFT 2,842 City Lot



24 Hr. Rec. Info. Call 1-866-472-6673 ext. 196 24 Hr. Rec. Info. Call 1-866-472-6673 ext.145



24 Hr. Rec. Info. Call 1-866-472-6673 ext.116 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 101





This home features, vaulted ceilings, neutral décor, & hardwood floors. Full finished view out basement w/fireplace & built-ins. Outside: patio & wood deck.

This home features vaulted ceilings, hard-wood floors, & neutral decor. Masterbath has french doors & tube w/stone front. Yard w/deck & sprinkler system.

This home features, vaulted ceilings, hardwood floors,& neutral decor. Formal dining room w/ bay windows. Can be purchased with out fin-ished basement: $174,900.

This home features vaulted ceilings, recessed lighting, gas burning fire-place, finished basement, deck, patio, sprinkler system, irrigation well & security lights.

This home has unique architectural details, formal dining room, open kitchen area & master suite with deep soaker tub. Also a full finished basement.

This home was formally ar bed and breakfast. Gorgeous woodwork throughout, two gas burning fireplaces, sun room & all bedrooms have private baths.

This home has vaulted ceilings, open split floor plan, & neutral decor throughout, Mid-level walkout basement, deck and separate patio area.

Sawmill Creek

Swimming Pool

Playground

45th and Rock

Lake/Pond

Jogging Path for Exercise

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Northeast Wichita Northeast Wichita

Northeast Wichita

A short, middle-aged woman wearing red glasses came up to me after one of my real estate seminars. She seemed shy and hesitant, but she’d listened intently and taken lots of notes during the class. She told me her name was Norma and proceeded to ask me several good questions about real estate investing. She happened to mention she had $200,000 in her retirement account. When I congratulated her she said, “Don’t’ be impressed. I had $300,000 a few years ago!”

Her retirement account, like many others, has suffered as a result of investment choices. Norma went on to tell me she wished she had bought real estate instead of ‘investing in an IRA.” She was amazed when I told her she could have her cake and eat it too --- or rather, have her IRA and real estate too! Let me explain.

First and foremost: A retirement account (traditional IRA, Roth IRA, SIMPLE IRA, SEP, Keogh, 401k, etc.) is not an investment! It’s simply a special account that holds your investments. It can hold many types of investments, such as mutual funds, stocks, bonds, and .... drum roll, please: real estate.

Picture a truck with the words “MY RETIREMENT ACCOUNT” painted on the doors. In the back of the truck, you load whichever allowable investments you choose. As you picture this, ask yourself, “Is my retirement truck on the way to becoming a big, heavy-duty monster truck or will I end up with a little, wimpy mini pickup?”

When I told Norma her retirement account could own real estate she said, “But I asked the company that administers my account if my IRA could own real estate, and they said ‘no.”

Whoa! Instead of merely saying “no,” the person she talked with should have added three important words: “not with us.”

The problem is that most companies that hold retirement accounts aren’t geared up to handle real estate. Therefore, they have no incentive to inform their customers that real estate is an alternative investment choice. That’s the main reason for the misconception that real estate can’t be held in a retirement account.

Let’s get this straight: retirement accounts can own real estate.

In a minute, we’ll get to the basic ins and outs of real estate IRAs. But, first, some advice: This article is designed to be a launching pad for readers to begin their exploration of real estate IRAs. It’s a complicated subject and everyone’s situation is unique, so be sure to talk with your competent advisors before you take any action. OK, here we go.

First, establish a self-directed retirement account with a company/custodian that specializes in real estate IRAs. This is a relatively easy process and can be done by either establishing

a new account or rolling over the assets of an existing account. (Be sure there are no surrender charges for rolling over an existing account.)

Once you’re the proud owner of a self-directed IRA with a custodian that can handle real estate, what’s next? There are specific rules as tow hat you can and cannot do with your real estate IRA.

Some things you CAN do:1. Your real estate IRA can buy and sell many types of real estate including raw land, rental properties, condos, fixer-uppers, commercial properties, lake shore, etc.

Keep in mind it’s the self-directed real estate IRA that buys, owns and sells the property. Not you personally. You don’t withdraw the money from the IRA to buy the property --- the custodian buys the property in the name of your self-directed real estate IRA.

2. The property can be rented but the rental income is paid into your IRA, not to you.

3. All the expenses of renting and operating the property must flow in and out of yourself-directed real estate IRA.

4. It is possible to finance a property that is owned by your IRA. But the financing must be “non-recourse.” That means the property, not the IRA account, is the sold security for the loan. Most traditional lenders won’t provide non-recourse financing. However, seller financing or private loans are possibilities. Let me emphasize again: get good professional advice before taking any action.

5. Your real estate IRA can buy a partial interest in a property. It could be a partner and own a fractional interest. Some things you CANNOT do:1. Your real estate IRA cannot buy a property that you, your spouse, or certain family members already won. Likewise, your real estate IRA cannot sell a property it owns to you, your spouse or certain family members.

2. You, your spouse or certain family members cannot have any persona use of the property owned by your real estate IRA.

3. Your IRA cannot lease the property to your business. Your business cannot use or occupy any part of the property.

Is a Real Estate IRA Right for You?So, now you know you can use your retirement account to buy real estate. But the bigger issue is should you use your retirement account to buy real estate? The answer is, it depends on the type of real estate and your unique situation.

You already know your real estate IRA cannot own property that is used by you, certain family members or your business. Therefore, primary residences, second homes and vacation homes are not candidates.

In addition, a rental property that produces tax shelter from depreciation deductions would probably not be a good fit because

16

Use Your IRA ToInvest In Real Estate

by Tom Lundstedt, CCIMtomlundstedt.com

the tax shelter would go to waste in your retirement account.

Other types of real estate, such as raw land, fixer-uppers, and non-leveraged rental properties, are perfect candidates. The profit from these investments would be taxed if you owned the property personally. However, if you real estate IRA buys, owns and sells the property, the profit would compound in your IRA tax-deffered (or tax-free if it’s a Roth IRA)

There is a limit on how much you can contribute each year to your retirement account. But there’s no limit on how much the account can earn! Hubba hubba!

Last But Not Least1. Before your IRA buys any property, you’ve go to understand how real estate works. There’s a lot to it. Make a commitment to learn how to analyze a property before you buy it, including operating expenses and management consideration. Study the financial benefits such as cash flow, depreciation and appreciation. Learn how to determine cap rates, cash on cash and other rates of return. And so on. The more you know, the better your chance of success.

2. Remember that real estate IRAs are a specialty and not every retirement account administrator/custodian is geared up to handle them. In the “Resources” box I’ve included several real estate IRA custodian (as well as some other resources) to get you started. Bear in mind, there are other custodians and you need to find one that’s right for you. Check out their web sites of call them.

3. If you’re in the real estate profession, I hope you can see the huge potentially of real estate IRAs. Think of the millions of dollars that are sitting in the retirement accounts of your potential clients. Get out there and help them take advantage of a great opportunity!

And finally, if the choices you’ve made so far for your retirement account aren’t taking you where you want to go, find a new vehicle. Real estate opportunities are everywhere for those savvy enough to recognize them and motivated enough to take action.

Whatever happened to Norma?Sometimes I wonder if anyone ever acts on the information they receive in my seminars. I can only hope. But if I let my imagination run wild...It’s 20 years from now and I’m driving down the interstate when a huge, shining, beautiful 18-wheeler semi truck pulls along side me. The driver gives a friendly toot on the air horn, waves and smiles. I can’t believe my eyes --- it’s a little old lady wearing bright red glasses, and as the truck passes I see huge lettering running from front to back: “NORMA’S REAL ESTATE IRA!”

What a country!

Former Major League Baseball player, Tom Lundstedt, is known as the funniest investment and tax guy in America. His powerful real estate seminars have entertained and enlightened more than 2,500 audiences from sea to shining sea. For information about his seminars or audio products please call 1-800-508-4433.

Visit Tom on the web today at tomlundstedt.com!Copyright © Tom Lundstedt Seminars

17

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2 VERY well maintained, 3 bedroom duplexes (4 units $169,900 per duplex) close to McConnell AFB, schools, shopping etc. Identicale duplexes on city lots Sqft 3,568. Always rented, super easy to manage. Each side rents for $890/mo. LOW maintenance, tenants pay alll utilities, trash and yard maintenance.

920-922 & 926-928 S. Armour$339,800

810 & 812 S. Crestway$39,900

A VERY well maintained, two bedroom duplex, property owned by current owner for over 50 years! Well maintained property. Great tenants, who do not want to move. Always rented with a 0% vacancy rate and $610 monthly income.

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2503 N Castle Rock $210,000







963 S Sagebrush $209,900


14925 E Lakeview $200,000


316 Cedar Crest $200,000


401 N Valley Stream Drive $199,900


1437 NW Tawakoni$189,900


2330 N Inwood Cir $179,900


Rose Hill

Derby Benton

175K

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Like new home: vault-ed ceilings, neutral décor, wood laminate floor, finished base-ment, privacy fence, deck & patio.

This home includes, open & split bedroom floor plan, a gas burning fireplace, and finished basement. Outside: deck & sprinkler system.

This home includes vaulted ceilings, wood fireplace, and finished basement. Outside: deck, patio, basketball court, & sprinkler system.

All new: wood laminate flooring, carpeting, kitchen, and appliances. Beautiful lake & room above garage for loft apartment.

Includes vaulted ceilings & skylights. New: roof, siding, paint, light fixtures, hardwood floors, counter tops, & tile floor. Finished basement.

2 fireplaces, open floor plan, wood floors. Master suite with vaulted ceilings, finished basement with wet bar. Wood deck, new windows & siding.

Vaulted ceilings, all kitchen appliances, mas-ter suite, full finished basement with wet bar. Outside: covered deck, privacy fence & sprin-kler system.

Open, split floor plan, vaulted ceilings, two fireplaces, custom tile floors throughout, wood deck off the back, sprinkler system.


2526 N Eagle $175,000

3 Bed 3 Bath 2 Car-Ga.SQFT 1,992 City Lot

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12651 SW 93rd. Terrace $169,900







2018 S Capri $164,900


2111 W 18Th St N $162,500


2555 E Burlington $150,000


409 S Clear Creek$149,000


10329 E Osie Cir $149,900


405 E Oakwood $179,900


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4 Bed 3 Bath 2 Car-Gar.SQFT 2,220 City LotThis home has vaulted ceilings, gas fireplace, & built in shelves. Sits on a finished basement. Outside: privacy fence, sprinkler system, wood deck & patio

This home has vaulted ceilings, open floor plan, & neutral décor throughout. Home sits on a finished basement Outside is a deck & fenced yard.

This home has new carpet & flooring, new paint inside & out, granite counter tops, & a view out basement. Privacy fence with the largest wood deck in town!

This home has fresh interior paint, some new carpet, vaulted ceilings, & fireplace. Backyard: large deck w/beautiful view of the lake.

Home features vaulted ceilings, natural light, double mirrored closets & finished basement. Outside: deck, fenced yard, security & sprinkler system.

This home has brick sur-rounded fireplace ,tile floors, tile backsplash, new appliances, & fin-ished basement Outside: porch w/hot tub, fenced yard & storage shed.

This home has a new roof, new siding, new carpet , new paint. & new lighting fixtures. Spacious back yard w/ in ground pool, pool house, gazebo, & wood deck


709 S Chateau Cir $139,900


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1515 N Pinegrove$139,900







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4648 N Krueger$135,000


10402 W May$134,900


3237 N Shelton$134,900


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This home has vaulted ceilings, wood burning fireplace with brick surround, finished basement, & outside: deck, fenced yard & sprinkler system.

Well maintained home with neutral décor, open floor plan, & vaulted ceilings. Kitchen has eating bar, tile back splash, formal dining room & outside, a deck.

This home features a completely remodeled kitchen, separate studio, and outside a sprinkler system and irrigation well.

New carpet, new vinyl flooring, and new paint. Finished basement with second kitchen. Great purchase for that growing family.

The kitchen features a breakfast nook, eating bar, wood laminate floors and tile back splash. Finished view out basement and outside patio.

Tri-level home with high ceilings, large windows, & wood burning fire place, and outside a deck.

Fully insulated music room and a solarium. Walkout basement offers a cozy with wood burning fireplace Also a covered patio & balcony.

New carpet, new paint, wood burning fireplace with stone surround, & built in bookshelves. Back patio, privacy fence, new roof, new heating & air.


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Finding a buyer for your home is just the first step on the homeselling path. Tread carefully in the weeks ahead because if you make one of these common seller mistakes, your deal may not close.

MISTAKE #1: IGNORE CONTINGENCIESIf your contract requires you to do something before the sale, do it. If the buyers make the sale contingent on certain repairs, don’t do cheap patch-jobs and expect the buyers not to notice the fixes weren’t done properly.

MISTAKE #2: DON’T BOTHER TO FIX THINGS THAT BREAKThe last thing any seller needs is for the buyers to notice on the pre-closing walk-through that the home isn’t in the same conditions as when they made their offer. When things fall apart in a home about to be purchased, sellers must make the repairs. If the furnace fails, get a professional to fix it, and inform the buyers that the work was done. When you fail to maintain the home, the buyers may lose confidence in your integrity and the condition of the home and back out of the sale.

MISTAKE #3: GET LAX ABOUT DEADLINESTreat deadlines as sacrosanct. If you have three days to accept or reject the home inspection, make your decision within three days. If you’re selling, move out a few days early so you can turn over the keys at closing.

MISTAKE #4: REFUSE TO NEGOTIATE ANY FURTHEROnce you’ve negotiated a price, it’s natural to calculate how much you’ll walk away with from the closing table. However, problems uncovered during inspections will have to be fixed. The appraisal may come in at a price below what the buyers offered to pay. Be prepared to negotiate with the buyers over these bottom-line-influencing issues.

MISTAKE #5: HIDE LIENS FROM BUYERSDid you neglect to mention that Uncle Sam has placed a tax lien on your home or you owe six months of homeowners association fees? The title search is going to turn up any liens filed on y our house. To sell your house, you have to pay off the lien (or get the borrower to agree to pay it off). If you can do that with the sales proceeds, great. If not, the sale isn’t going to close.

G.M. Filisko is an attorney and award-winning writer who wanted a successful closing on a Wisconsin property so bad that she probably made her agent rethink going into real estate. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

22

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537 Parkwood Dr$126,000


Updated home next to the park, new paint, neutral décor, safe room, 2 fireplaces, covered patio, fenced yard.

Rose Hill


504 E School$127,500


Well maintained, open floor plan, neutral décor, fireplace., spacious master suite, finished basement. Outside: fenced yard, storage shed, covered deck.

Rose Hill


8019 E, Lakepoint Way #201$129,900


Brand new carpet, new paint, fridge, washer, & dryer included. Outside is a wood deck overlook-ing the pool.


4132 N Danbury $130,000


Fireplace, neutral décor, wood lami-nate floors, pantry, finished basement, fenced yard, storage shed & patio.

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24 Hr. Rec. Info. Call 1-866-472-6673 ext.111

413 White Tail$130,000


Open & split bedroom floor plan, neutral décor & vaulted ceil-ings, fireplace, wood laminate floors, & tile backsplash in kitchen.

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138 S Ranger$120,000


Move in ready, wood laminate floors, finished basement, fenced yard, covered wood deck, fenced garden & 2 stor-age sheds.

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637 N. Union Park Circle$124,900


Neutral decor , open floor plan, vaulted ceil-ings, & fireplace. Out-side: sprinkler system, irrigation well, & insu-lated finished garage.

Colwich


303 E 5th$125,000


Historic home with hardwood floors and many brand new fea-tures. Outside is a raised wood deck large fenced yard, & drive thru gate.

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114 E. Douglas Ave.$125,000


New carpet, new paint, built in microwave, wood laminate floors, &finished basement. Outside: fenced yard w/patio, irrigation well & storage shed.

Andover


509 W. Chicago$120,000

4 Bed 2 Bath SQFT 2,544 City Lot

Decorative fireplace. Formal dining room w/ hardwood floors, library, covered porch, white picket fence, large yard, outbuilding, irrigation pump & well.

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When you’re ready to close on the sale of your home and move to your new home, you may be so close to the finish line that you coast, thinking there’s nothing left for you to do. Not so fast. It’s easy to waste a few dollars here, and for mistakes to creep into your closing documents there, all adding up to a bundle of lost profit. Spot money-losing problems with these seven tips.

1. Take Services Out Of Your NameAvoid a dispute with the buyers after closing over things like fees for the cable service you forgot to discontinue. Contact every utility and service provider to end or transfer service to your new address as of the closing date.If you’re on automatic-fill, schedule for heating oil or propane. Don’t pay for a pre-closing refill that provides free fuel for the new owner. Contact your insurer to terminate coverage on your old home, get coverage on your new home, and ask whether you’re entitled to a refund of prepaid premium.

2. Spread The Work On Your Change Of AddressProvide the post office with your forwarding address two to four weeks before the closing. Also notify credit card companies, publication subscription departments, friends and family, and your financial institutions of your new address.

3. Manage The MoversScrutinize your moving company’s estimate. If you’re making a long-distance move, which is often billed according to weight, to the weight of your property and watch so the movers don’t use excessive padding to boost the weight. Also check with your homeowners insurer about coverage for your move. Usually movers cover only what they pack.

4. Do The Settlement MathTitle company employees are only human, so they can make mistakes. The day before your closing, check the math on your HUD-1 Settlement Statement.

5. Review Charges On Your Settlement StatementAre all mortgages being paid off, and are the payoff amounts correct? If your real estate agent promised you extras -- such as a discounted commission or a home warranty policy -- make sure that’s included. Also check whether your real estate agent or title company added frees that weren’t disclosed earlier. If any party suggests leaving items off the settlement statement, consult a lawyer about wither that might expose you to legal risk.

6. Search For Missing CreditsBe sure the settlement company properly credited you for prepaid expenses, such as property taxes and homeowners association fees, if applicable. If you’ve prepaid taxes for the year, you’re entitled to a credit for the time you no longer own the home. Have you been credited for heating oil or propane left in the tank?

7. Don’t Leave Money In EscrowEnd your home sale closing with nothing unresolved. Make sure the title company releases money already held in escrow for you, and avoid leaving sales proceeds in a new escrow to be dickered over later.

G.M. Filisko is an attorney and award-winning writer who has survived several closings. a frequent contributor to many national publication including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

7 Tips For A ProfitableHome Closing

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100

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9471 SW River Valley Rd.$109,900

3 Bed 1 Bath 2 Car-Gar.SQFT 1,189 1 Acre

Everything in this house is new from floor to ceil-ing! Outside: patio, cov-ered breezeway, outdoor grill & fireplace.

Augusta


628 S Chautauqua$115,000


Beautiful home includes formal dining room, fin-ished basement, fenced yard and patio.


2026 S Golden Hills$115,000


Many brand new features, full basement, large patio area that stretches the entire length of the home.


242 N. Glendale$119,900


2Bed 1Bath 2Car-GarageCompletely updated, all ap-pliances including washer/dryer. Full finished base-ment.

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1735 E Pinion$115,000


Updated home with many brand new features & full finished basement. Out-side: privacy fence, patio, & wood deck.

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10937 W Lotus$100,000


Well maintained, like new home: open floor plan, vaulted ceilings, wood laminate floors, french doors, finished basement.


17100 W 55th St. S.$109,000

3 Bed 2 Bath CarportSQFT 1,622 4.27 Acres

Home is set up for horses, cattle, chickens, & dog runs! New siding, paint, & large master bath. Sits on unfinished basement.

Viola


1014 S Capri$109,900


Well maintained with many extras, full basement, backyard with wood deck and fence.


5102 W Memory Lane$114,900


Very well maintained home large back yard with patio, privacy fence, and storage building.


2302 S Fountain$110,000


Full brick exterior, updat-ed kitchen Outside there is a covered patio, privacy fenced yard and 2 storage sheds.

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3209 S. Gow $100,000 1-866-474-5699 ext. 105

3 Bed 1.5 Bath home with 2 Car-Garage. Hardwood floors, new windows, new carpet in basement, Fenced yard, covered patio, heated & insulated garage. Has 1,632 ft. of living space located in Southwest Wichita.

525 S BELMONT$94,9001-866-474-5699 ext. 119

2 Bed 1 Bath home with 1 Car-Garage. New paint, carpet, & lighting. Updated kitchen cabinets, huge walk-in closet & built in linen closet. Newer electrical and plumbing.

3236 E. 1st St. N $89,9001-866-472-6673 ext. 156

4 Bed 1 Bath home with new cabinets, tile floors, counter tops, pantry, & breakfast nook, new carpet. Fresh paint, & neutral dé-cor. Master suite with walk in closet. Wood deck & fenced yard with 1 Car-Garage.

50K

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807 S. Elizabeth $84,9001-866-472-6673 ext. 140

3 Bed 2 Bath home with 4Car-Garage. Fresh paint and, newer carpet in this spacious brick home. Garage perfect for car enthusi-ast or for workshop.

3536 W. 2nd # 204$80,000

2 Bed 1.5 Bath condo with new windows, new door, and neutral décor throughout. Tile back splash in kitchen, maintenance free vinyl flooring & added cabinets. Has 1Car-Garage.

1937 S. Ida $79,9001-866-472-6673 ext. 118

4 Bed 2 Bath home with over 1,500 sq. ft. Neutral décor ,new carpet & paint. New roof and guttering. Large fenced backyard perfect for kids play area or animals!

1213 N. Glendale$65,0001-866-472-6673 ext. 155

3 Bed 1 Bath home with fresh paint, new light fixtures, hardwood floors. Kitchen has new cabinets & new counter tops. Privacy fenced yard, large patio as well as two stor-age sheds and a 1Car-Garage.

1717 S. Cypress #414 $67,900

2 Bed 2 Bath condo with open floor plan, fire place, lawn care and exterior maintenance all taken care of. Basement has family room and there is an abundance of space with almost 1,200 sq. ft.

2037 S. Palisade$74,9001-866-472-6673 ext. 185

2 Bed 2 Bath with 1,039 sq. ft. Refinished hardwood floors, new carpet, fresh interior & exterior paint. Remodeled kitchen, remod-eled main floor bathroom & new full bath in basement. Home also has 1 Car-Garage.

Bentley143 N. Dacey $75,0001-866-472-6673 ext. 130

3 Bed 1 Bath home with new paint through-out, privacy fenced yard, patio, irrigation well & shed. Hot tub included with purchase of home.

140 N. Athenian $77,0001-866-472-6673 ext. 157

3 Bed 1.5 Bath home with original hardwood floors, formal dining room, and 1,456 sq. ft. of living space. Newer roof, vinyl siding, wood privacy fence, patio, play set, storage shed as well as 2 Car-oversized garage

3332 S. Downtain$77,9001-866-472-6673 ext. 161

Perfect home for first time home buyer. 3 Bed 1 Bath with formal living room and over 1,300 sq. ft. Hardwood floors under carpet, kitchen comes with appliances. Home also has 1Car-Garage.

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1928 S. Water$64,9001-866-474-5699 ext. 136

899 sq. ft. home with 2 Bed and 1 Bath. Fresh paint, new wood laminate flooring, carpeting and light fixtures. New kitchen to include cabinets, flooring, & all new appli-ances. Home also has new roof & siding.

Haysville 224 S. Lamar $64,9001-866-474-5699 ext. 103

2 Bed 1 Bath home with 700 sq. ft. New roof, new siding, new Pella windows and A/C. New wood laminate flooring, new carpeting, and a remodeled bathroom. Home comes fully applianced and has a 1Car-Garage

526 N. Richmond$64,9001-866-474-5699 ext. 122

1,360 ft. 2 Bed 1.5 Bath 2 story condo with neutral décor throughout & newer carpet. All appliances stay including and washer and dryer. Home on quiet cul-de-sac.

452 N. Dodge$60,0001-866-472-6673 ext. 137

Fresh exterior & interior paint in this 2 Bed 1 Bath home. Fully remodeled kitchen with new countertops, new ceramic tile floors, new cabinets, new fixtures, new sink & pantry. Home also has a 1 Car-Garage.

509 S. Erie $57,0001-866-472-6673 ext. 199

1,008 sq. ft. 2 Bed, 1 Bath home with neutral paint & carpet throughout, high ceilings & large bedrooms. Huge backyard and 1 Car Garage. Perfect for investors or first time home buyer.

931 S. Vassar$55,0001-866-474-5699 ext. 131

3 Bed 1 Bath home with just over 1,000 sq. ft. of living space. Perfect for first time home buyer! Neutral décor, hardwood floors, large privacy fenced yard, & storage shed!

843 N. Terrace $59,9001-866-472-6673 ext. 135

New wood laminate flooring, in this 880 sq. ft. 3 Bed, 1 Bath home. Fresh paint through-out, updated bathroom , fireplace, and vaulted ceilings.

5003 E. Murdock $49,900

Great Investment opportunity with tenant paying $600.00/month. Tenant pays all ex-penses except trash. Would also make great home for first time buyer with 3 Bed 1.5 Bath 1,265 sq. ft. and 2 Car-Garage.

2855 S. Pattie $64,9001-866-472-6673 ext. 189

907 sq. ft. in this 2 Bed 1 Bath 1 Car-Garage. New carpet, completely remodeled kitchen to include all appliances, storage shed & fenced yard.

827 S. Broadview$39,9001-866-474-5699 ext. 142

3 Bed 1 Bath and 1,052 sq. ft. Newer carpet, neutral paint. No repairs needed here! Move in ready! All appliances stay for your convenience

822 S. Christine$60,0001-866-474-5699 ext. 145

Fantastic investment opportunity. 4 Bed 2 Bath 1 Car-Garage with over 1,100 sq. ft. Built in shelving & plenty of natural light. Large fenced yard & deck.

110 W. Indianapolis $34,9001-866-474-5699 ext. 134

2 Bed 1 Bath very well maintained home with 942 sq. ft. Includes a large covered front porch and storage area. Great for a first time home buyer or investor.

West Wichita

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Home Inspectors Checklist ROOFHas there been hail damage, wind damage, or some other issue?StructuralHome inspectors are not structural engineers but can identify visual defects in the areas requiring immediate repairs. ElectricalDo all the outlets work? Does the house use fuses or is there a breaker box? Are there any visible signs of fraying on the wiring? HVACDoes the furnace have a cracked heat exchanger, or some other issue?Plumbing Are there any leaks or annoying drips? Are all the fixtures working properly? Built-in AppliancesAre they functioning properly? Safety Hazards Home Inspectors are not environmental specialists, however they can identify many safety hazards or dangerous conditions. Miscellaneous Other items to ask your home inspector about: septic systems, drainage problems, wood decks, patios or other exterior structures. Other inspections availableTermite, Mold, Radon and Lead-Paint inspections are also available by many home inspectors.

The Money Pit—it’s a movie in which a couple falls in love with their dream home, buys it, and then experiences almost every possible problem. One of the funniest scenes is when the main character falls through a hole in the floor that was covered over by a rug. Of course, this is a complete exaggeration, meant for entertainment; however, it is also an aid in helping us to understand the seriousness of what can actually go wrong if you DON’T get a home inspection.

Let’s face it, most of us, when buying a home, are not professionals in identifying potential problem areas. What could happen due to that?

If there’s been hail damage to the roof, and you didn’t • know this, at some point, you might have to get a new roof, at YOUR expense.The heating or cooling system could have a problem, • causing a need to invest in repairs or having higher utility costs as a homeowner. -You could be buying a home that is a hotspot for • moisture and mildew, quickening deterioration of the walls and overall structure. This could affect your health, as well as your pocketbook.

You are in the process of making a very large investment, maybe the largest investment you’ll ever make. For just a small investment now, you may save substantial money in the future. A home inspection will run between $250 - $400 depending on the size of the home and some other factors. NOT getting a home inspection, could, in the long run, cost you thousands of dollars. Can you really afford NOT to have a professional home inspector survey the premises for the integrity of the internal & external components of the dwelling?

A home inspection is one of the only protections a home buyer has!

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Why you should MUST get one!

Questions to Ask WhenInterviewing a Home Inspector

Are you registered with the state office?1. How long have you been performing home inspections?2. Are you a member of ASHI? If not, why?3. Are you insured?4. Have you ever been sued?5. What does your inspection cover? What does it not cover? 6. How long is it?What other things to you test/inspect for? (radon, lead 7. based paint, mold, …etc)Do you re-inspect property?8. Do you offer any warranty?9. Describe your report for me. What can I expect from your 10. inspection and report?What special training or background do you have that you 11. feel enhances your inspection ability? (e.g. heat/ac back ground, engineering, electrical or plumbing)References?12. Can you complete this inspection within the time frame of 13. my contract?

THE HOME INSPECTION

Mike Grbic is President of Mike Grbic Team Realtors, Select Homes. He was ranked #32 in the US by the Wall Street Journal.

Check out www.Mikegrbic.com or contact Mike or any of his team at 684-0000.

Concept

Benefits of working with a TEAM:

¹teamPronunciation: \’tēm\:Function: noun A group of people, with a full set of COMPLIMENTARY skills required to complete a task, job or project.

¹mike grbic teamPronunciation: \mīk guərbĭk ‘tēm\:Function: proper noun A group of 25 specialists who assist in providing the best service possible. Includes photographer, graphic designer, computer tech, listing coordinator, buyer agents, listing agents, transaction manager etc.

INCREASED efficiency allowing for larger marketing budgets and greater purchasing power.HIGHER responsiveness and levels of service a single agent simply can't provide.MORE personal attention from your agent who doesn't have to try and "do it all." PROMPT and timely communication. Your calls answered and returned fast.CONSISTENT RESULTS. Your home seen by more buyers and thus selling faster.

Team of specialists ....... Because no one person can be good at everything.

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