People First Home Buyers

11/22/2022

Many people already know we buy houses. Typically these houses need a lot of work and we buy as-is and close on your timeline. No waiting on bank approval.
The majority of houses do NOT sell this way. We understand this. Most are listed with a Realtor.
What many don't know is that we also make use of our real estate license to list houses on the MLS. If you want to get an idea of why you might want to list with us, check out our webpage dedicated to that topic.
Whether you're a homeowner, investor, or you're inheriting a property, we can help. We'll listen to your needs and advise options. Whether that's selling off market, listing on the MLS, or even partnering. We have you covered.

https://www.peoplefirstrea.com/sell-your-house-with-realtor/

Looking for a St. Louis Missouri listing agent to sell your house quickly for top dollar? Put more cash in your pocket with People First Real Estate Advisors.

09/27/2022

Health, law, real estate, automotive, and everything else. Please consult professionals when doing business with any significant risk or investment in any industry.
I had a conversation with a guy that bought a house in 2021. It was 3 years delinquent on taxes at the time of purchase. His understanding was that the taxes would be paid by the seller. I have no idea if he was led to believe that or if it was a misunderstanding or oversight. Either way it's unfortunate.
He bought with a Quit Claim Deed with simple filing at the county (no title company or other real estate professional involved). He did significant work to the house after buying it and now lives in it. It unknowingly went to the tax auction this year (not even a year after buying).
This could have been avoided or at least understood at the time of purchase had a professional been consulted. A Quit Claim Deed can be okay under the right circumstances, but regardless you should be aware of what liens are against the house and the proper expectations of who is paying them and when.

09/13/2022

𝗗𝗲𝗰𝗲𝗱𝗲𝗻𝘁: A person who passed away. Not to be confused with a "descendant", such as a child of the deceased. This term is commonly used with probate.

09/06/2022

𝗣𝗿𝗼𝗯𝗮𝘁𝗲: A court proceeding to determine the rightful heirs to a deceased person's assets. It costs money and time. I don't know about you, but I would rather keep the government and courts out of my affairs as much as possible, so if you haven't already, please do some amount of planning. If you own real estate in Missouri, that can be as simple as a beneficiary deed. If you want to get more complex then you can use a trust or will. If you don't have someone to help you with this, then reach out. I'll connect you with the right resource.

08/30/2022

𝗔𝗳𝗳𝗶𝗱𝗮𝘃𝗶𝘁 𝗼𝗳 𝗛𝗲𝗶𝗿𝘀𝗵𝗶𝗽: This is an often overlooked, yet very powerful way to avoid probate. While a beneficiary deed is the easiest to implement in Missouri, what if no estate planning has been done? In some states, including Missouri, an Affidavit of Heirship can be used to avoid the time and expense of probate. In order to use an affidavit of heirship to keep real estate out of probate, the owner must be deceased for more than one year and probate cannot have already been opened. In addition, all legal heirs must be in agreement with the affidavit.

08/23/2022

𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗼𝗿 𝗜𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁: A successor in interest is someone that has obtained an ownership interest in a property due to a qualified transfer. This could be through use of a will, trust, transfer per probate ruling, beneficiary deed, or divorce. Most commonly, heirs after a death are successors in interest.
Many rightful heirs give up and walk away from a property, letting it foreclose, because the bank refuses to provide mortgage information, preventing the heir to make payments. There are laws (mainly Regulation X) protecting successors in interest (see 12 U.S.C. § 1701j-3, 12 C.F.R. § 1024.31, 12 C.F.R. § 1026.2(11)) that require a CONFIRMED successor in interest be considered a borrower, regardless of whether they assume the mortgage or not.
This means the lender must provide information about the loan.
If you're having a hard time getting the bank to work with you try this... Simply let them know the Real Estate Settlement Procedures Act requires them to treat any successor in interest just as the borrow. Then ask "what do you need me to provide showing I am the successor in interest?"

08/16/2022

𝗕𝗲𝗻𝗲𝗳𝗶𝗰𝗶𝗮𝗿𝘆 𝗗𝗲𝗲𝗱: Conveys real property to the designated grantee upon the death of the owner. For a beneficiary deed to be valid, it must be recorded with the recorder of deeds BEFORE the death of the owner. This is a very simple and effective way to keep real estate out of probate. The more you can keep out of probate, the better.