FHA 203K

FHA loans are a popular loan to go with because of the low down payment (3.5%)With all the foreclosures on the market here in Kansas City, there are a lot of houses on the market that do not meet FHA requirements(FHA requires the home be in move in condition, etc.). I recently ran into such a house when representing a friend purchasing a home. The house had mold and water damage in the basement and a roof that needs to be replaced. We were able to clean all the water and mold out of the basement, so the only thing preventing it from going FHA was the roof. Major road block or so we thought. With the FHA 203K program, my friend is able to get a construction loan to fix the roof and he will get a fantastic house for a fantastic price. The FHA loans add significant extra costs to the price of your loan, so it may only be worth it if the house is priced low enough and you are confident there are no other major problems. I would recommend these loans to folks in a similar situation.

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Daniel and Laura Bennison

Bennison Team Realtors

Neighborhood Experts in Prairie Village and Overland Park

http://www.jocohomesmls.com

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Bennison Byram Team

 

Loch LLoyd 2009 Market Report
12/23/2009
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Status: Active (27) List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $335, 000 - 3 2 0 3600 35 35 Max $2, 390, 000 - 6 6 2 6870 832 812 Avg.. more
Mission Woods History
12/22/2009
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Mission Woods: Located just north of Mission Hills and south of Westwood Hills on a 40 acre home site of the late William McKenzie Johnson, son of the county's namesake, Rev. Thomas Johnson, the city bears a name reflecting its wooded environment… more
Smart Phone Review- Blackberry Curve
12/21/2009
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Phones seem to be changing faster than I can keep up with it. However, I got my first smart phone last year. My Palm Treo is awful. I hate it and think it is maybe the worst phone I have ever had. The intrigue of being able to easily make calls,… more
Prairie Hills Market Report
12/21/2009
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Prairie Village and more specifically Prairie Hills has not been as affected as surrounding areas by the soft real estate market. Laura and I live in this subdivision and we absolutely love the area. There are plenty of parks, walking paths… more
2009 Westwood Market Report
12/20/2009
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Status: Active (7) List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $118, 500 - 3 1 0 1152 13 13 Max $288, 950 - 4 3 1 1778 142 240 Avg $198… more
2009 Westwood Hills Market Report
12/20/2009
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Status: Active (1) List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $375, 000 - 3 3 1 - 251 251 Max $375, 000 - 3 3 1 - 251 251 Avg $375… more
Short Sale: SAVE ME
12/19/2009
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Short Sales When you have a provable hardship that prevents you paying your mortgage in full, you are likely a prime short sale candidate. Examples are medical bills, divorce, disease, death, getting demoted at your job, etc. If you are… more
2009 Roeland Park Market Report
12/19/2009
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Status: Active (44) List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $99, 950 2 1 0 768 2 2 Max $265, 000 4 3 1 2419 422 335 Avg $155, 698… more
2009 Leawood Estates Market Report
12/19/2009
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Status: Active (27) List Price Sale Price Beds Full Baths Half Baths SqFt DOM CDOM Min $184, 950 - 2 2 0 1612 9 9 Max $1, 260, 000 - 5 5 2 6000 400 873 Avg.. more
 
Bennisonbyram

Daniel Bennison

Prairie Village, KS

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Reece & Nichols Mission Hills

Address: 7455 Mission Road, Prairie Village, KS, 66208

Office Phone: (913) 787-6354

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Daniel and Laura Bennison with Reece & Nichols Prairie Village talk about some of the latest trends and customs in the Kansas City Metro real estate market. We provide tips for For Sale by Owners and other homeowners looking to sell their house. Our goal is to add as much value as possible to our clients. Our blog is one of the outlets for potential clients to get to know us or past clients to keep a pulse ot the Kansas City real estate market.


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