JHAP, the Joplin Homeowners Assistance Program, has enough funds left for about 100 more home loans.
If you are thinking about using that money to purchase a home now is the time to act.
If you live in the JHAP area and are thinking about selling your home. Now is the time to get it listed!
Give me a call 417-825-1042 so that I can help you use these funds to get the home you want.
Closing Cost
These are cost associated with your loan and can be 3% of the loan cost. So if you are borrowing $100,000 and don’t have the extra $3000 to cover the closing cost, you can ask the seller to pay for this. This may up the price of the home by that amount but you will not have to have that cash at the closing instead it will be wrapped up in your mortgage.
Home Warranty
A home warranty is an insurance policy on the mechanical and electrical aspects of the home. Several companies provide home warranties. They cost around $450 for a basic plan. Many home owners will provide one if you ask for it.
Let me act as your agent.
I will negotiate all this and more during your buying process.
Call Mary Plunkett 417-824-1042.
It is my job to streamline these steps for you and ensure that everything is completed according to plan.
I listen carefully to what you need in a home.
I can recommend a loan officer to help you.
We will look at homes on line and in person. Make sure you check out the neighborhood prior to a home visit.
I can help you make an attractive offer and that will save you money.
Once accepted I send the contract and earnest money to the title company, they begin the title search. I also send the contract to your loan officer so they can work on the loan process.
Having the home inspected is highly recommended. You will pay the inspector to find any problem with the home. They WILL find problems. Don’t be alarmed. If there are big problems, we will renegotiate.
Depending on the loan, this can take up to 45 days!
We will close at a title company. Generally, you pay the title insurance, the seller pays for a title search. The fee charged by the title company to close is split between the buyer and the seller.
Make sure you have the utilities put in your name.
10.Moving
If you need the name of a moving company, let me know.
ENJOY YOUR NEW HOME!
Designated JHAP Area
JHAP, Joplin Homebuyer’s Assistance Program, is a great home loan program that will give buyers 20% up to $30,000 towards the purchase price of a home in the designated area.
It started out with $12.5 million and has so far use $5.6 million to assist qualifying home buyers. That means there is still $6.9 million!
Qualifying Income
Interested? Contact me for more information at 417-825-1042.
As an informed consumer, before you buy or sell a home you might want to investigate the market conditions.
According to the National Association of Realtors the median price of a home, $217300, was up 4.9% in 2014 from 2013. How does that compare to our real estate market in Joplin and the surrounding area? The Ozark Gateway Association of Realtors reported that in December of 2013 a median price home in our area was $83,000, but this December the median price is now $90,000. That is almost a 9% increase. So while the median home price in Joplin is lower than the national price, our housing market is also on the rise.
Great news for home sellers, but don’t worry if you are looking to buy because the news is good there also.
Market Trends reports that this will be a great year for home buyers with more inventory expected and continued low interest rates. They even think that the lower gas prices will have a positive effect on the housing market.
On the local level, we still have lots of JHAP funding available. Kristy Baugh at the JHAP office reported that we still have close to $6 million in JHAP funds available!
Sounds like a happy new for everyone!
If you want to learn more about what your house is worth, find out more about buying a house or get more information about JHAP, just give me a call, 417-825-0142.
Thanks to everyone who helped to make my 2013 a great year and best wishes in 2014.
As part of the Disaster Recovery, Joplin has developed the J-HAP program. J-HAP stands for Joplin Homeowners Assistance Program. The purpose is to repopulate the tornado affected area.
Through the program, buyers can apply for 20% of the home cost!
There are requirements for the buyer and the home.
This is a great opportunity for both the seller and the buyer. Homes in the area are selling fast.
This home was under contract in less than a week.
To find out more about the program please give me a call. 417-825-1042
Is housing affordable? Is now a good time to buy a home? Sell a home?
For all you people who love to have the numbers to back up your decisions, let me help you out. In the Vision Statement presented at the Keller Williams Family Reunion in February, comparisons were made between the cost of these basic items: bread
, gas
, cars
,and homes. 
They looked at the 1989 cost, the based on the inflation rate cost, and the actual 2013 cost.
It looks like most of the items that we need in are daily life costs us more and more. But while the cost of all these staples went up; the monthly housing payment went down.
The good news for homes sellers is that the value of your home did go up.
The good news for home buyers is that a monthly house payment is significantly lower than expected when we look at the inflation rate..
Looks like buying a home is a great investment. Please give me a call if you have any questions on the value of your home or if you are looking to buy a home.
Good news!
The Joplin Homebuyer Assistance Program, J-HAP, has been extended to include new construction as well as existing constructions. This is a fantastic loan program is provided by the city of Joplin to repopulate the tornado devastated area. One of the things that make this program so great is that you can end up getting a $30,000 credit on your mortgage.
But there are specific guidelines pertaining to your credit and the exact location of the home.
Credit & Income
Check out the J-HAP website , or call your favorite local loan person to see if you qualify for the program.
Property Site
The property must have an environmental assessment. And the property must be in the J-HAP area.
Give me a call, 417-825-1042, if you would like any more information about how to get a great home that qualifies for the J-HAP program.
What is a buyer’s agency and is it an advantage to me?
A Buyer’s Agency is a legal agreement that states that you are working exclusively with a realtor for a specific period of time to find a particular piece of property. It also states that the realtor is working for you, not the person who has the house listed.
So what are the advantages to you the buyer?
I am so excited to share this listing with you. 9.7 acres just minutes south of Joplin and very close to the new Mercy Hospital. So…
If you have longed to live in the country without having a long commute,
If you want a 3 bedroom 3 bath home all on 1 level,
If you want to live in 2200 square feet of home and tinker in some out-buildings.
If you want a home with a newer roof and HVAC
And if you would like to have all this for under $200,000 ( $196,900 to be exact!)
Mary Plunkett, Keller Williams Realty, Joplin, MO 