Here's a small sample of what's happening.

Simple Upgrades You Can Do that Make a Difference!

Q: What are your best tips for homeowners when it comes to useful ways to spend their time while at home? A: As a homeowner, there’s no shortage of things that need to get done around the house—no matter the season. If you’re looking to get your property in tip-top shape, there’s no better time to take a close look around your home (inside and out) and put together a list of things that need some attention. – Deterioration and rot can remove caulk and grout around a bathtub, which can cause leaks and lead to extensive damage to the surrounding walls. You can determine if there’s insufficient grout by checking between tiled enclosures for voids. Caulk integrity can be determined by gently pressing and checking for any sponginess, a sign of weakened integrity. – Seals around kitchen and bathroom sink fixtures can become loose, leading to water damage in cabinets below. Examine seals and test them to see if they feel loose. If so, repair or replace them immediately. – Add style to kitchens and bathrooms by installing new faucets. A stylish new kitchen faucet doesn’t have to cost a lot and can instantly update the look of the room. Updated faucets and towel bars in the bathroom will have a similar effect. While you’re at it, take a look at the door knobs and handle sets of interior doors. If the hardware is dated, unmatched or in poor condition, it may be time to replace it. – Plants too close to a home’s siding can cause moisture damage and premature wear. Make sure to keep vegetation in control by keeping plants neat and trim. – Downspouts often release against walls, which can cause the foundation to deteriorate, causing water to enter the basement. Redirect these downspouts away from the structure. – Ensure that your property is safe by checking patios and walkways for cracks and loose bricks or pavers. These are a tripping hazard that should be addressed promptly. – Inspect the irrigation system for broken sprinkler heads and emitters. Also, be sure to check for overspray, and adjust the system as necessary to prevent water waste. – Update your home’s curb appeal by tackling basic maintenance and repairs. Clear clutter from the yard, clean up dead branches and trees, trim overgrown shrubs and keep the lawn mowed so that your property always has its best foot forward. For more information, please visit www.pillartopost.com.

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KLM's REALTOR of the Month, Colin Ware

Colin Ware - Realtor of the Month    What makes you stand out compared to other realtors? What makes you stand out compared to other people?  I’ve found the realtors I’ve had the opportunity to work around at KLM to be a universally kind, helpful, and accepting bunch! In that regard, I hope that I can call myself the same.  One uniqueness I bring is that I’ve spent almost my entire life emerged in real estate. With one parent as an agent and the other as a contractor, it probably would have been impossible not to pick up some of both. That upbringing has made me unafraid to jump into learning new skills and calmly solving the problems that inevitably arise.   Do you have any hobbies outside of real estate?   I love to be outside! My free time is spent mountain biking, trail running, paddle boarding, etc. If I can be outside and moving, I’m at my happiest. When I’m home, I love to read and occasionally find time to write.   Listing or selling? Why?  Definitely listing! I really enjoy getting to take photos and videos of all the beautiful homes I have the opportunity of working in.   What’s your favorite Tik Tok?  Ohh no! I’ve actually never used Tik Tok. Does that mean I’m not one of the cool kids?   What makes Morgantown special?   Morgantown just has a great combination of small-town kindness blended with the progressiveness that WVU brings to the community. You can run into an old friend at the store in the morning, then see a world class show or sporting event in the evening.   What’s the best day on the calendar?   That's a tough one. I'd have to say April 25th. Because it's not too hot, not too cold, all you need is a light jacket.   Guilty pleasure?   Kettle Corn and the Harry Potter Franchise!   Why are you a real estate agent?  My family has been very influential in steering me towards real estate. With one parent a real estate agent and the other a residential contractor, I’ve straddled the line, finding work in both professions.    What is more important pricing or good photos?  Both are important but good photos are critical! We live in digital times, and first impressions are crucial. Great photos grab viewers, while poor photos get good listings overlooked.   Jelly beans or chocolate?  Chocolate!

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Five Reasons Why You Should Invest in Land!

Investing in Land   During these uncertain times, choosing the RIGHT investment  has become very important. One great thing to invest in right now is land! Here’s why…       1.      Land is a Finite Resource No one is making any more land! We only have a set amount of it in the United States. Land is a finite and valuable resource because only limited quantities are available!   2.      Land Gives You Peace of Mind Unlike many other investments, land can’t be stolen or destroyed. You don’t have to protect it, maintain it or renovate it. It’s hassle free because the natural state will always be worth something.   3.      Land is a Tangible Resource Land cannot vanish or disappear like shares or stock. Tomorrow if the world decided that money was just a useless piece of paper and has no value, land will still be worth something. It will be something tangible and physical that is yours, regardless of what the global economic situation is. Currency and monetary values may change, but land  ownership does not.   4.      Land is Inexpensive to Own Land is inexpensive to own over time. There are no mortgage payments, no utilities and no roofs that need to be replaced. Property insurance is not even required!   5.      Land is Easy to Buy and Can Be Done From Home Land buying is simple. Like most things these days, the entire process can usually be done remotely – all online. You simply give a REALTOR at KLM Properties a  call and we will get the ball rolling!. You can get everything done with your cell phone/computer from the comfort of your couch!   Have any questions, give us a call at our Morgantown (304) 296-1533 or Bridgeport (304) 933-3002 offices and we will be more than happy to help you with any of your land buying needs!   Source: https://www.compasslandusa.com/why-invest-in-land/  

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Jun 2nd, 2020

REALTOR of the Month for June is Susan Storage

Realtor of the Month – Susan Storage     June’s Realtor of the Month at KLM Properties is Susan Storage! Here’s a little about Susan! 1.      What makes you stand out compared to other REALTORS? I consider myself very open to what any buyer needs, from $10.00 to $1,000,000! I just want everyone to have a home and be happy in it. I am very honest but still try to be mindful of others' feelings so I tend to think before I speak. 2.      What makes Bridgeport special to you?  I think Bridgeport is special to me because it is in my home county and I still have many ties here! I cannot imagine living anywhere else. 3.      What hobbies do you have outside of real estate? I like being with my family and friends that have become my chosen family. I enjoy being outside and especially if there is a body of water involved  4.      Do you prefer Listing or selling? Why? I prefer selling because I like the hunt for that one IT house or property.  5.      Why are you a real estate agent?  I have always liked houses and looking at pictures of the really nice houses so I gave it a try about 5 years ago and I love it more than I thought I would. 6.      What’s more important - good photos or good pricing? I feel that good pricing will make people look at properties but good pictures will draw them to the property. If we price them right they will come!! 7.      What are you learning during the pandemic? I am learning that I am pretty good company for myself and a select few! I am learning that life is to short not to be kind and always smile. You might just make some ones day and it may be your own.    

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May 18th, 2020

What You Need to Know About Forbearance

(TNS)— More than 3.4 million Americans are in mortgage forbearance plans, which allows them to pause payments for a month to as long as a year. As the coronavirus pandemic continues to jolt the economy, more people will face financial difficulty, including how to pay their monthly mortgage bill. “The forbearance program is obviously designed to deal with the characteristics of this pandemic. This isn’t related to mortgage underwriting or a downturn in the economy—it’s a sudden disruption that’s believed to be temporary in which people can resume their normal life,” says Ed DeMarco, president of the Housing Policy Council (HPC). “A forbearance is a normal tool in the toolkit, it’s been used with some regularity with natural disasters, or any temporary emergency which disrupts normal living and income.” Some 6.4 percent of all active mortgages are in forbearance. So far, the total amount of unpaid principal due to forbearance is $754 billion, according to Black Knight. This includes 5.6 percent of loans backed by Fannie Mae and Freddie Mac and 8.9 percent of all FHA and VA loans. Going into forbearance might be worrisome for many borrowers who are facing financial problems they didn’t expect or plan for. Understanding the basic facts might help alleviate some of the worry. Here we’ll cover essential forbearance questions borrowers have. What is a mortgage forbearance? Mortgage forbearance allows homeowners to pause their mortgage payments while dealing with a short-term crisis. In the case of coronavirus-related forbearance requests, most lenders are not requiring proof of hardship outside of verbal or written verification from the borrower. Depending on whether you have a government-backed or privately-owned mortgage, your forbearance options might differ. Before you apply for forbearance, find out from your lender which type of loan you have. What does forbearance mean under the CARES Act? The CARES Act is the federal government’s relief response to the economic blow delivered by the coronavirus pandemic. The trillion-dollar relief package includes help for homeowners with government-backed mortgages, which make up about three out of four mortgages in this country. That includes home loans owned by Fannie Mae and Freddie Mac as well as VA, USDA and FHA mortgages. Under the CARES Act, borrowers facing economic hardship because of COVID-19 can get mortgage forbearance for up to a year. During this time, lenders cannot foreclose on your property. There are several repayment options available to homeowners once the forbearance ends. You can read about these options here. What happens if you’re not protected under the CARES Act? Borrowers with privately-owned mortgages are not covered under the CARES Act. Nevertheless, most lenders are offering forbearance and loan modification options for borrowers with privately owned mortgages. “The congressional mandate and CARES Act only covers loans owned by the government, loans that don’t meet those qualifiers aren’t guaranteed forbearance. However, the forbearance take-up rates for non-federally backed loans is pretty meaningful,” DeMarco says. Regardless of who owns your loan, be sure to talk to your lender if you’re having trouble paying your mortgage. The worst thing you can do for your credit is to simply stop paying the bill. Can a private mortgage be switched to a government-backed mortgage? The only way to get out of your current mortgage is to pay it off and get a new one via mortgage refinancing. “There might some loans on a bank balance sheet that are available for Fannie Mae or Freddie Mac to buy,” DeMarco says. “But if they’re already in forbearance, it’s unclear if Fannie and Freddie will buy them.” Will mortgage forbearance hurt your credit? No, mortgage forbearance does not appear on your credit report as a negative activity. Do borrowers pay extra interest if they get a forbearance? Borrowers typically won’t have to pay additional interest on their mortgage in forbearance. The amount of interest and interest rate stays the same according to the borrower’s contract. “During a forbearance plan, interest is not paid but still accrues in accordance with the terms of the note,” says Tom Goyda, senior vice president, consumer lending communications at Wells Fargo. “Additionally, as required by the CARES Act, no interest accrues during the forbearance period beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the note.” The only situation in which the loan interest might change is if the lender extends the loan maturity date or increases the loan interest rate, says Andrew Demers, partner at Weiss Serota Helfman Cole & Bierman in Boca Raton, Florida, specializing in banking and real estate law. Demers points out that it’s critical for borrowers to understand the payment terms of the forbearance and says they should ask a few key questions, including: – Do I have to pay interest or escrow advances during this time, or is this a complete payment deferral? – Is the loan maturity date being extended? – Will the lender recapture the deferred through a balloon payment at loan maturity, an extended maturity date, or some other catch-up method? “Technically speaking, a deferment agreement is a modification and amendment to the loan documents, which requires a clear understanding of the parties’ respective rights and obligations,” Demers says. After the forbearance plan is complete, if the borrower is approved for another workout option, the type of workout option offered will determine how the interest is handled. “Interest accrues during the forbearance, but it doesn’t have to be repaid until later. At the end of the forbearance, the delayed payments and interest accrued can be paid in full by the client, resolved through an extended repayment plan or the loan may be modified, depending on the client’s needs,” says Susan Atran, spokesperson for Bank of America. Can you refinance your mortgage during forbearance? The chances of refinancing during a forbearance are slim. Lender will likely not be able to resecuritize your loan during forbearance. Can lenders refinance once forbearance ends? Generally, the borrower would have to pay off the foreborn amount (either with a new mortgage or cash) in order to refinance. However, there are variables that might affect whether a refinance is possible. Things like the type of loan you’re trying to refinance into, whether you ended up with a loan modification at the end of the forbearance and how the missed payments are being handled can all play a role in getting approved for a refinance. “If they tack on mortgage payments to the back of the loan and resume normal monthly payments, the principal amount of the new, refinanced loan will have to capture the forbearance payments,” DeMarco says. Can you sell your home during forbearance? Yes, homeowners in forbearance can sell their homes. The foreborn amount would become payable upon sale of your property. Are rental properties or second homes eligible for forbearance? It depends on the type of mortgage you have. GSE-backed mortgages—i.e., owned by Fannie Mae or Freddie Mac—are eligible for forbearance if they’re used as rental properties or second homes. However, FHA, VA or USDA loans cannot be put into forbearance if the property is used as rental property or second home. Can you get a forbearance if you have a HEL or HELOC? Some banks, like Wells Fargo, are offering forbearance to home equity customers. So check with your lender. “At the end of the initial three-month payment suspension, Wells Fargo has a number of potential options available for mortgage and home equity customers,” Goyda says. “Depending on the loan investor and other factors, those options could include a continuation of the payment suspension, moving the missed payments to end of the loan or a modification to address longer-term financial changes that may impact their ability to keep up with their monthly payments. We’ll need to talk with them directly to understand their circumstances and identify the best way to help them going forward.” Bottom Line If your finances were hit by COVID-19, talk to your lender as soon as possible about your mortgage relief options. A mortgage forbearance is not automatic, so you can’t just stop making payments otherwise your credit report will suffer and you can end up in default. ©2020 Bankrate.com

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May 4th, 2020

Meet KLM's Agent of the Month, Linda Syslo

     What makes you stand out compared to other realtors? What makes you stand out compared to other people?  I would like to think my personality, loyalty, honesty and friendliness plays a major part in this.        What makes WV special to you?  WV is special to me, as this is my Home State.        What hobbies do you have outside of real estate?  Love Interior decorating, manage my flower garden, taking care of my pets and paint.        Do you prefer Listing or selling? Why? I love listing or selling, as it is an honor and a privilege to work with anyone who contacts me and trusts me to assist them with their real estate needs.        What’s the best day on the calendar?   Best day on the calendar I would say would have to be Dec. 25th as we celebrate the Lord's Birthday.  There is nothing else more important than our SAVIOR, without him we are nothing and will never be successful.         Why are you a real estate agent?  I love being a part in "MAKING DREAMS COME TRUE"  for people that need my assistance.          What’s more important - good photos or good pricing?  I believe both, good photos and good pricing are very important.        What are you learning during the pandemic?  Never take anything for granted, as it can change in a blink of an eye.  Always be kind, considerate and love everyone, for tomorrow may never be the same and you may not have that opportunity again, how sad that would be to part with any regrets.  

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Mar 23rd, 2020

To Our Valued Clients

To Our Valued Clients: Due to the increasing concerns regarding the spread of the coronavirus (COVID-19), we have made the difficult decision to temporarily close our office to the public. We apologize for this inconvenience.  Our Staff is working remotely and on site, if you need assistance, please call us at (304) 296-1533 at our Mileground office or at (304) 933-3002 at our Bridgeport office or feel free to contact your KLM Agent. During these difficult and uncertain times, our goal is to be mindful of the ever changing landscape caused by this virus and to keep the communication lines open to our clients.  It is our goal at KLM Properties, to help you with any and all your real estate needs.  Please take care of yourselves and each other, we will get through this!  We are West Virginia Strong!   All of us at KLM Properties, Inc.

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Mar 5th, 2020

KLM Properties Agent of the Month

Realtor of the Month – Lisa Ware March’s Realtor of the Month at KLM Properties is Lisa Ware! Here’s a little about Lisa!      1.       What makes you stand out compared to other agents? My knowledge of new construction is what makes me different.  Looking through floor plans, color choices and finishes is easy and fun for me to do, I like sharing my knowledge with others!   2.       What makes you stand out compared to other people? I’m outgoing…. I say what I think!   3.       What makes Morgantown special?  I went to college here and I knew this is where I wanted to live and raise my family.  The people are what make Morgantown special!   4.       Listing or selling?  I like both, but I like to sell better than listing a house.  I take it personally and selling is honestly less pressure for me!   5.       What’s the best day on the calendar?  August 8, 1987 – that’s the day I married the love of my life.   6.       Guilty pleasure?  Peanut M&M’s.   7.       Why are you a real estate agent?  I just love my job! I have made so many life-long friends by being a REALTOR I find a great sense of satisfaction helping people find a home.

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Feb 27th, 2020

Top Mistakes Home Sellers Make

Top Mistakes Home Sellers Make               You need to be savvy and not fall prey to the common mistakes that home sellers often make. Here are four to avoid.   1)      Asking Too Much – The single best mistake folks make is setting their asking price too high. In a competitive market homeowners need to price conservatively or they risk turning off potential buyers.   How should you set the price? Gone are the days when you can expect to sell your home for more than your neighbor did last year. So rather than looking at how much homes in your area sold for six to 12 months ago, compare prices for similar properties currently on the market. If you see a listing for a house that’s just sitting unsold for a few months, chances are the owners are asking too much and you’ll want to set your price a bit lower. The average days on market for the Morgantown area is 90 days.   2)      Questioning the First Offer – Too many sellers say no to their first offer, even if it’s close to or at full asking price. Holding out for more money is a strategy that rarely works.   The reality is that in any market a home’s first offer is often its best. Educated buyers will pounce on a property they like with a competitive bid as soon as it comes onto the market. And don’t forget that the longer a home sits unsold, the greater chance a seller will have to reduce the price to sell.   3)      Not Responding to All Offers – What if you get an offer that’s simply too low? Many homeowners will reject it outright. But it’s a mistake not to respond to all offers. Here’s why. First, you can’t blame someone for testing the market, after all in today’s market many buyers are confident that they will have the upper hand. Second, just entering into negotiations with one party gives you leverage with other potential buyers. Most importantly, it allows you to tell brokers that your property is in play and sends a message that if someone is interested they had better act quickly and present a competitive bid.   4)      Picking the Wrong Buyers – Now more than ever, sellers need to select their buyers carefully. It’s critical to find a buyer who’s not only pre-qualified for the loan, but is willing to negotiate on time frame or other factors that are important to you.   If you have any questions, contact our team of Realtors. Morgantown Office (304) 269-1533 Bridgeport Office (304) 933-3002      

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