Attention All Veterans

Blog | May 7, 2012 | No Responses

Thinking about using your VA benefits for buying a home.  There are some great opportunities available to Veterans, including a $10,000 grant to those who qualify.  Being a former Marine and a Vietnam Veteran, I enjoy helping Vets find a home.   If you are a Veteran and are thinking about buying, the Chiles Team can help you.  It’s important to know when you are looking for a home it needs to meet certain VA standards.  Here are some things to remember:

  • No fixer-uppers – property must be in good condition
  • Plumbing must be in working order
  • No exposed wiring
  • Kitchen must be intact, but appliances aren’t required
  • Floor must be covered
  • Bathrooms must be intact and in working order
  • No broken windows
  • Swimming pools must be clean and operational
  • No foundation issues
  • Roof must be in good condition
  • No chipped or peeling paint
  • Heating system and hot water heater must be operational
  • Air conditioning is not required, but if AC is present it must work
  • Condos with Home Owner Associations are okay but must be VA approved
  • Termite report must be clear or if there is damage, the damage must be repaired prior to closing

I’m always surprised at how many Veterans have never used their home loan benefit.  To all the Vets – thanks for your service – and it please know it would be our pleasure to serve you.

Shorter Short sales!!!

Blog | Apr 13, 2012 | No Responses

Bank of America says it’s making changes to its short-sale procedures that will shorten decision times on short sale offers to 20 days, down from 45 days or longer.  This is GREAT NEWS!!!!

I know you’ve all seen homes and you know they are vacant and probably get the news that it’s going into short sale or foreclosure.  Then….why does it sit for 2 years and nothing ever happens?  Why do we need to wait 40 days to hear a response when we make an offer? Those are good questions and very frustrating predicaments, for the home owner, the neighborhood and the Real Estate market.

Whenever the time line for short sale or foreclosure is shortened it’s good for the consumer.  And what’s good for the consumer (who is the home buyer) is good for the market!

Do you know of any short sale or foreclosure homes in your neighborhood?  If you have a family, friend, or neighbor worried about short sale, please refer them to us.  There are several possibilities that should be explored for the ultimate short sale or even foreclosure decision.    Some days it’s not about selling a house, but keeping someone in it!



Dream a little Dream

Blog | Mar 30, 2012 | No Responses

I found this informative article that should help give you direction in
buying your first piece of real estate. As an Accredited Buyer’s
Representative, I am knowledgeable about the marketplace and lookforward to representing you. Please contact me with any additional
questions you may have regarding first-time buyer tips. I am a great
real estate resource! Continue to tips :

Allergy Season is here

Blog | Mar 22, 2012 | 3 Comment

If you are suffering from seasonal allergies right now, I strongly recommend getting tested and considering allergy shots.  I suffer severely and have been on shots for almost 2 years and it’s a NEW life for me!  This is going to be a rough year for us snifflers and sneezers.  Send me a message and I’d love to talk about it!

Moving Checklist

Blog | Feb 29, 2012 | No Responses

Whether you are going next door or across the country, moving can be very stressful.   We work with buyers and sellers every day and we have learned that a moving checklist can be helpful in relieving some of your stress.  The Real Estate Buyer’s Agency Council (REBAC), of which Shelley and I are both members, offer this handy Moving Checklist.   We hope it helps you on your next move.  Oh, and by the way, don’t forget that we have a moving truck which our clients use for free for local moves. Moving Checklist

Want to Save money?

Blog | Feb 21, 2012 | No Responses

Wanting to save money on your next remodeling project?  You can, and at the same time you can help a local not-for-profit raise funds and help others.   Habitat for Humanity’s ReStore will take all kinds of building materials, appliances, cabinets, light fixtures, etc.   They offer them to the public and the proceeds go to build more HFH homes.   Reusing these items is good for the environment and you save dump fees while HFH helps provide decent, affordable housing in our community.   You can call HFH at 217 787-7209 to schedule a pickup or drop things off at the ReStore at 1514 W. Jefferson in Springfield.  The ReStore is open from 9am to 6pm Mon – Fri and Saturday from 9-5.  Oh, and buy the way, if you’re looking for a certain building something at 50-75% off retail, you might just find it at the ReStore.

Phil’s New Favorite Place

Blog | Feb 20, 2012 | No Responses

Looking for a great place to have  a drink and a bite to eat.  Check out Obed & Isaacs in downtown Springfield.  Our first micro-brewery is off to a fantastic start.   They already have three of what will be seven home brews on tap and , wow, are they great.  I particularly enjoyed the Long Nine IPA which is a dark beer with a robust flavor.  Of course they also serve some domestics and have a full line of liquor and plenty of wine from which to choose.  Order up some snacks or stick around for dinner.  Whatever you decide, you won’t be disappointed.   Court and Karen Conn, the proprietors, are no strangers to the restaurant business, and they’ve hit a home run with their latest gig.  You can find them on Jackson Street between 6th and 7th.   Tell them Phil sent you.

Looking for love – We have all the right places

Blog | Feb 15, 2012 | No Responses

According to a recent  poll of 1000 singles, the overwhelming majority say when it comes to dating, homeownership can be the ultimate aphrodisiac.

More than a third of women and 18% of men said they would much rather date a homeowner than a renter while only 2% of women said they preferred to date a man who rents, and only 3% of men said

they would choose a woman who rents over one that owns her home.  62% of survey respondents, men and women, prefer to date singles who live alone. Wow!! Imagine that!

False Tax Rumors Fly

Blog | Feb 8, 2012 | No Responses

For the third time in the past six months, the National Association of Realtors is being inundated with questions about a real estate transfer tax enacted as part of the Health Care reforms in 2010. THERE IS NO SUCH TAX. A viral Internet posting is riddled with errors.

The Health Care legislation did create a new tax that would apply to a portion of the gain on the sale of any capital asset (including real estate). That tax will apply ONLY to individuals with more than $200,000 Adjusted Gross Income (AGI) (or $250,000 AGI on a joint return). The tax does not apply to any amount excluded from taxation under the $250,000/$500,000 principal residence rules. The tax is never imposed directly on the full amount of any capital gain.

The tax is computed under a multi-step formula that captures only a portion of any gain and will only affect those with total AGI above the amounts noted above. Contact us for more information.

Football Season…

Blog | Jan 30, 2012 | No Responses

Speed, strength, and the inability to register pain immediately.  ~Reggie Williams, when asked his greatest strengths as a football player