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Dr. Cutler has appointments available for Custom Golf Movement Assessments this month. This Assessment will pin-point areas of the body that are limited in range of motion and power. A Specific, at-home and in- office golf exercised routine will then be constructed to help you improve overall mobility, strength, power and swing speed.
Call today to discuss your goals. 636-696-6122
Stay tuned to see how much improvement I will have made in a few more weeks... things are already improving for me!
Blog by your trusted realtor Linda Robben !
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THIS WEEK'S TEST DRIVES |
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IF IT ROLLS OR FLOATS... WE ARE YOUR INSPECTION AND APPRAISAL SOURCE! |
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It has been a couple of months since our last edition of our update. Looks like we are well into our winter here in the St. Louis area now. None the less we continue to inspect vehicles as we are requested and schedule around the weather as much as possible.
The market on collector cars is looking very strong at least through auction. With the whirlwind of hammer prices in Kissimmee, Florida this month for some of the finest of fine cars in the marketplace. Kissimmee saw a record of 4,000 vehicles consigned for auction with nearly 3,200 sold. Record breaking attendance witnessed an insane 13 vehicles realizing SEVEN figure hammer prices and $4,000,000 in Road Art sales with over 1,000 items offered for sale.
Midwestern U.S. markets are up, many dealers seeing record breaking number of monthly sales already. We are fortunate to have been a part of that for several clients at dealerships and private sellers in the area. Some of the finest automobile collections in the Unites States rest right here in St. Louis, Missouri's Gateway to the West. |
ONE THING IS FOR SURE!
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DOCUMENTING YOUR RV |
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Be sure to document your RV, Motorhome, or Camper just like your actual home! |
SPORTS CAR INSPECTIONS |
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1987 Porsche 911 Turbo Wide Body Pre-Purchase Collector Car Inspection |
USED CAR INSPECTIONS |
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2018 Ford Edge Platinum Late Model Pre-Purchase Used Car Inspection |
TOTAL LOSS APPRAISALS |
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2012 GMC Sierra 1500 SLE Total Loss Appraisal |
HIRING AN EXPERT INSPECTOR |
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Don't just retain any expert. Hiring the right expert for your case can make or break it! |
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MUSCLE CAR INSPECTIONS |
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1966 Rolls-Royce Silver Cloud III Pre-Purchase Collector Car Inspection |
RV & CAMPER INSPECTIONS |
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2015 Dodge Pro Master Custom RV Conversion Pre-Purchase Inspection |
STATED VALUE APPRAISALS |
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1963 Dodge Polara Convertible Max Wedge Stated Value Appraisal |
Need a Fair Market or Replacement Value Appraisal?
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Owing money to the IRS is unsettling for anyone. It’s also very easy to find oneself in that position. Many people are shocked to discover that they inadvertently miscalculated the amount of taxes owed either at the end of the year or from a previous year. There are also unexpected events that can cause a tax event such as a windfall profit or inheritance.
Regardless of the cause, owing money to the IRS is no fun. If you are considering a home purchase, you may be wondering how this will affect your ability to do so.
If you owe back taxes to the IRS, most likely there is a tax lien. A tax lien is a personal lien that is attached to the person and any property they own. A tax lien takes priority over all other financial obligations, including a mortgage. This puts the lender at greater risk since in the event of a default, they would only be paid after the IRS lien was satisfied.
The good news is that although owing back taxes can make buying a home more complicated, it does not prevent you from buying a home. First step is to contact your lender and explain the situation. There are many reasons people owe back taxes that do not make them a credit risk. You may be able to either pay off the taxes or arrange a payment plan with the IRS that will allow you to finance a new home. There are options, but being honest with your lender is the first step so you understand your options.
Press Release
Press Release RCS-D 2023
Press Release Authors Linda Robben RCS-D™ and Kelly Lise Murray, J.D., co-founder of DivorceThisHouse.com™ and the official RCS-D™ Designation Course.
Industry: Real Estate
Headline: Keep the House for all the Right Reasons – By Preventing Permanent Mistakes in Divorce/Elder Family Mediation
The family home is usually the most significant asset in divorce and elder mediation, often with significant debt. However, appraisal minus mortgage does NOT equal actual equity. This incomplete equation leaves your house over-valued and that works against you in family mediation for divorce and elder matters.
Don’t settle for a bad property settlement. In addition to the inaccurate and unfair division of your property, you risk damaged credit, default, foreclosure or even bankruptcy.
Remember all those documents you signed when you bought the house?
Most are missing when mediating that same house.
We provide free help to gather the house documents you need to make an informed decision regarding actual equity and whether to keep the house.
To keep your house for all the right reasons, you need a real estate agent specializing in divorce as an RCS-D TM designee.
Linda Robben, with Keller Williams Realty St. Louis has completed course work to earn the RCS-D TM designation as a Real Estate Collaboration Specialist – Divorce™.
Linda states, An RCS-D™ REALTOR® , is professionally trained to neutralize divorce real estate as a business transaction in the best interest of the house – and each divorcing spouse. Leading your divorce real estate team, Linda also serves as project manager working with you and your lawyers and can refer real estate and financial professionals specializing in divorce to assist with gathering house-related documents and scheduling consultations, most of which are free.
The RCS-D™ professional program was written and taught by Kelly Lise Murray, J.D. & Wendy Waselle. Professor Murray earned her J.D. cum laude from Harvard Law School & is an Instructor in Law at Vanderbilt Law School. Co-Instructor Wendy Waselle has a Master’s Degree in Education & developed the RCS-D™ marketing system.
You may contact Linda Robben@ 314-265-2444 or Golfgal.lr@gmail.com to discuss how you can protect one of your most valuable financial assets during the stressful time of divorce. Whether your divorce is completed, just beginning or somewhere in between, Linda can help you determine your best options now for a stronger financial future.
Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line.
Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making dreams of homeownership feel further out of reach.
If you’re a homeowner, it’s important for you to understand how your home’s value contributes to your overall net worth. If you’re a renter, now is the time for you to figure out how homeownership fits into your short-term goals and your long-term financial future. An investment in real estate can help you grow your net worth, build wealth over time, and gain a foothold in the housing market to keep pace with rising prices.
Net worth is the net balance of your total assets minus your total liabilities. Or, basically, it is what you own minus what you owe.2
Assets include the cash you have on hand in your chequing and savings accounts, investment account balances, salable items like jewelry or a car and, of course, your home and any other real estate you own.
Liabilities include your total debt obligations like car loans, credit card debt, the amount you owe on your mortgage, and student loans. In addition, liabilities would include any other payment obligations you have, like outstanding bills and taxes.
To calculate your net worth, you’ll want to add up all of your assets and all of your liabilities. Then subtract your total liabilities from your total assets. The balance represents your current net worth.
Total Assets – Total Liabilities = Net Worth
Ready to calculate your net worth? Contact us to request an easy-to-use worksheet and a free assessment of your home’s current market value! |
Keep in mind that your net worth is a snapshot of your financial position at a single point in time. Your assets and liabilities will fluctuate over both the short term and long term. For example, if you take out a loan to buy a car, you decrease your liability with each payment. Of course, the value of your asset (the car) will depreciate over time, as well. An asset that is invested in stocks or bonds can be even less predictable, as it’s subject to daily fluctuations in the market.
As a homeowner, you enjoy significant stability through your monthly real estate investment, also known as your home mortgage payment. While the actual value of your home can fluctuate depending on market conditions, your mortgage payment will decrease your liability each month. And unlike a vehicle purchase, the value of your home is likely to appreciate over time, which can help to grow your net worth. Right now, your asset may be worth significantly more than it was this time last year.3
If you’re a homeowner, contact us for an estimate of your home’s market value so that you can factor it into your net worth calculation. If you’re not a current homeowner, let’s talk about how homes in our area have appreciated over the last several years. That way, you can get an idea of how a home purchase could positively affect your net worth.
When you put your real estate dollars to work, it’s possible to grow your net worth, generate cash flow, and even fund your retirement. We can help you realize the possibilities and maximize the return on your investment.
Property Appreciation
Generally, property appreciates in one of two ways: either through changes to the overall market or through value-added modifications to the property itself.
1. Rising prices
This type of property appreciation is the one that many homeowners are enjoying right now. Buyer demand is at an all-time high due to a combination of record-low interest rates and limited housing inventory.4 At other times, rising home prices have been attributed to different factors. Certain local conditions—like a new commercial development, influx of jobs, or infrastructure project—can encourage rapid growth in a community or region and a corresponding rise in home values. Historically, home prices have been shown to experience an upward trend punctuated by intermittent booms and corrections.5
2. Strategic home improvements
Well-planned and executed home improvements can also impact a home’s value and increase homeowner equity at the same time. The type of home improvement should be appropriate for the home and in tune with the desires of local buyers.
For example, a tasteful exterior remodel that is in keeping with the preferences of local home buyers is likely to add significant value to a home, while remodeling the home to look like the Taj Mahal or a favorite theme park attraction will not. A modern kitchen remodel tends to add value, while a kitchen remodel that is overly expensive or personalized may not provide an adequate return on investment.
Investment Property
You may be used to thinking of investments primarily in terms of stocks and bonds. However, the purchase of a real estate investment property offers the opportunity to increase your net worth both upon purchase and year after year through appreciation. In addition, rental payments can have a positive impact on your monthly income and cash flow. If you currently have significant equity in your home, let’s talk about how you could put that equity to work by funding the purchase of an investment property.
1. Long-term or traditional rental
A long-term rental property is one that is leased for an extended period and typically used as a primary residence by the renter. This type of real estate investment offers you the opportunity to generate consistent cash flow while building equity and appreciation.6
As an owner, you don’t usually have to worry about paying the utility bills or furnishing the property—both of which are typically covered by the tenant. Add to this the fact that traditional tenants translate into less time and effort spent on day-to-day property management, and long-term rentals are an attractive option for many investors.
2. Short-term or vacation rental
Short-term rentals are often referred to as vacation rentals because they are primarily geared towards recreational travellers. And as more people start to feel comfortable travelling again, the short-term rental market is poised to become a more popular option than ever in certain markets. In fact, with travellers continuing to seek out domestic options in lieu of international travel, this may be the perfect time to consider an investment in a short-term rental property.7
Investing in a short-term rental offers many benefits. If you purchase an investment property in a top tourist destination, you can expect steady demand from travelers while taking advantage of any non-rented periods to enjoy the home yourself. You can also adjust your rental price around peak demand to maximize your cash flow while building equity and long-term appreciation.
To reap these benefits, however, you’ll need to understand the local laws and regulations on short-term rentals. We can help you identify suitable markets with investment potential.
Ready to calculate your personal net worth? Contact us for an easy-to-use worksheet and to find out your home’s current value. And if you want to learn more about growing your net worth through real estate, we can schedule a free consultation to answer your questions and explore your options. Whether you’re hoping to maximize the value of your current home or invest in a new property, we’re here to help you achieve your real estate goals.
The above references an opinion and is for informational purposes only. It is not intended to be financial advice. Consult the appropriate professionals for advice regarding your individual needs.
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