sellers: Saving Money on Commission in Real Estate Transactions: True Cost
- 07/13/14 05:13 PM
One of the tenets of the National Association of Realtors© (NAR) is to advocate for the right of the individual to own, use, and transfer real property. For more than 100 years, the NAR has worked to protect property owner's rights as well as supporting or opposing any legislature that would have an effect on property rights or home owners. [i.e. property taxes and the expanded clean water act.]
I remember when the insurance corporations campaigned to get more control over health care delivery. It took them decades but in 1983 they finally got Congress to support DRG's (Diagnosis Related Groups). That was their toehold and every year after they took … (5 comments)
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sellers: Do Home Buyers Today Want Immediate Gratification Or Personal Service?
- 02/15/14 09:24 AM
Most, whether they realize it or not, expect both. Is that something we real estate agents can truly deliver?
When a home buyer Googles real estate, they usually want to see homes for sale. Right now. Loads of them in the neighborhoods in which they want to live. But when they go to buy the home of their dreams, they feel - and are - entitled to protection and representation. They've just usually skipped the step involved in finding out how to get that.
Jack Markham, of Active Rain, offers an excellent demonstration of what buyers want when they go on … (0 comments)
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sellers: The Art of Negotiating
- 02/09/14 03:29 PM
Recently, I've received a few phone calls from people checking me out on the internet before calling me in person to see if I would help them sell their house and/or buy a house. One thing they all asked about was why there were no blog posts on negotiations on either my Seller's Tips page or my Buyer's Tips. So, here is a little something about my negotiating techniques and strategies:
This is the internet. I'm not going to give away my negotiating knowledge on the internet.
Do I have knowledge? Yes. Do I have experience? Yes. Have I read books and … (6 comments)
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sellers: Could what's in your home affect the value of it?
- 02/05/14 11:54 AM
Margaret Gehr is the principle owner of Chicagoland Home Staging, servicing the greater Chicago area for home staging, redesign, and design projects. If she was in Kansas City, I would definitely use her to stage my clients' homes. Buyers start judging a home before they even walk in the door but once inside, the way it is furnished and put together affect the buyers' perception of value. The photos in this post show the difference between an average, okay home and a home that demands a higher price.
Here in Chicagoland we stage both occupied and vacant properties. Sometimes we can … (3 comments)
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sellers: 3 Important Issues to Address With Your Agent When Selling Your Home
- 10/03/13 03:28 PM
Selling your home is not just about marketing, staging, and advertising.
1. Existing Mortgage. How much is left on your note? Are you current on payments? All of my clients complete an Existing Mortgage Request form which is sent to their bank to confirm amounts. Sometimes people don't get them back to me in a timely manner. That's a clue that something may be wrong. While it's perfectly understandable to feel reluctant about telling anyone that you've fallen behind in your mortgage payments, it's not something you can keep hidden. The bank is going to be involved in the Closing process. Title … (55 comments)
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sellers: 7 Factors Determine How Quickly A Home Will Sell
- 08/18/13 01:22 AM
The 7 factors that determine how quickly a home will sell are Timing, Location, Condition, Marketing, Financing, Price, and Competition. We know that homes that sell quickly usually sell for a higher price than homes that sit on the market unsold for months on end.
Location is a given. You can't just pick up your house and move it (easily) to a more popular or desirable location.
Competition cannot be controlled. You can't tell everyone in your subdivision not to sell their house until yours sells. You have to find a way to make your home more desirable to buyers … (3 comments)
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sellers: Kansas City Real Estate Market Report June 2013 Brookside
- 07/10/13 08:23 AM
The Brookside neighborhood, generally defined by zip code 64113:
We have less than a 2 and 1/2 month supply of homes for sale in the Brookside area. Greater than a 6 month supply is indicative of a Buyer's market; less than a 6 month supply is indicative of a Seller's market.
… (2 comments)
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sellers: What's My House Worth?
- 07/10/13 06:38 AM
This is a question we hear every day. Homeowners often expect an immediate answer as if their home is a gallon of gas priced for sale at any gas station within pennies of the station down the street. There are many variables that go into placing a value on a home.
First, I need to know your address. Just telling me you own a house in Prairie Village doesn't cut it. What part of PV? Are you close to the shops and restaurants? Across the street from Shawnee Mission East High School? Right on Nall? There are many factors within each … (3 comments)
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sellers: Sellers: Tips, Advice + Questions Answered
- 05/06/13 04:55 AM
A client requests that I put all of the Seller tips and acvice articles into one place so here goes!
Frequently Asked Questions for all real estate questions & answers is still at FAQ's. Buyer info will go into Home Buyer Tips and Advice. Funny stories will go under Funny Storie and Parables. If you have a question you want answered, you can call me or send your question to Morton@KansasCityHomes dotCom. Watch this short slide show to learn how the selling process works.
7 Factors Determine How Quickly A Home Sells. Homes that sell quickly usually sell for more money … (10 comments)
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sellers: Who Does That Agent Represent?
- 05/03/13 09:15 AM
Yes, Mr. Buyer, I CAN show you that house - I can show you any house for sale. No, I am not the Agent for that HOUSE. Agents do not represent Houses; Agents represent People. We represent our clients.
If our CLIENT engages us to represent them in Selling their home, we are the Seller's Agent (aka Listing Agent). We Market the Home but we Represent our Client.
If the SAME CLIENT engages us to represent them in the purchase of their next home, we are their Buyer's Agent (aka Sell-ing Agent) in that transaction.
If a different CLIENT engages … (67 comments)
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sellers: The Magic Month For Selling Your Home
- 05/03/13 04:04 AM
People often ask when is the best time to sell their home. When asking this question, they mean winter, spring, summer, or fall. While there are a higher number of people looking at homes for sale during certain times of the year, a home can be sold in any season.
The most important thing to remember in timing the sale of your home is the 'Magic Month.' The magic month is the first 4 weeks a home is on the market. This is when it receives the most activity and also the time it is most likely to sell for the … (3 comments)
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sellers: Selling Your Home in Kansas City: What Do You Need To Know?
- 04/29/13 05:52 AM
If you're thinking about selling your home, you need to know a few things before you can make an informed decision. How is the real estate market in your area? How much can you expect to get for your home? What kind of marketing and advertising will the agent utilize to sell your home? How long will it take? These are the types of questions most homeowners ask when they call me to sell their home.
Here's what's happening in the Kansas City real estate market today:
Inventory is down. Prices are up. We are seeing multiple offers on properties in … (1 comments)
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sellers: Property Marketing Tips For Real Estate Professionals
- 04/26/13 04:19 AM
This is to help any real estate agents who want to make the most of the available technology when marketing and advertising listings. A key component in my Marketing Plan, as I'm sure it is in yours, is internet advertising. Here is an example of some of the key sites used to expose the home for sale in the first few days of my marketing blitz:
First, enter the property for sale on your MLS site and save the MLS number for use on the other sites. Read on to find out why that's important.
Next, of course, is your brokerage's … (17 comments)
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sellers: Why Don't You Post The Best Deal or A Great House Every Week?
- 04/23/13 03:20 AM
This is a question asked by a casual, maybe-someday-buyer who reads my blog. There are 3 answers:
1. Sometimes there is just not an extraordinary house on tour.
2. If there is a really great house that would work for one of my buyers, I'm going to call or email them about it first. Why would I tell the world about it before my client has the chance to see it and decide if they want it?
3. If there is an excellent deal that fits one of my client's criteria, I'm going to call or email them immediately. When … (50 comments)
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sellers: FAQ: Is It Better To Buy An MLS Number Or Hire A Real Estate Agent?
- 04/21/13 04:33 PM
Okay, this is filed under Frequently Asked Questions but, really, I don't get that many requests from someone about buying their own MLS number. I did today!
The woman who asked the question is a professional in the academic field so would have no reason to know anything about the MLS, how it was formed, who maintains it, or how it operates. Her question was a perfectly legitimate effort to attain knowledge and I was happy to contribute to her edification.
Apparently the woman's husband had been told (by a well meaning friend) that one could purchase their own MLS number, … (12 comments)
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sellers: Who Is The Best Real Estate Agent?
- 04/16/13 02:01 AM
How does the public know which agents are good? What criteria does the public use to base their opinion? What criteria does a professional agent use to decide which agents are good, better, best? The public often thinks that a 'top producer' has got to be one of the best, but what does 'top producer' mean? Well, in one context, Top Producer© is a company that sells Real Estate Marketing Systems to real estate agents. 'Top producer' can also mean that the agent sold X number of $s worth of real estate in a defined time period (month, quarter, year). … (0 comments)
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sellers: Frequently Asked Questions: Real Estate FAQ's
- 04/05/13 07:23 PM
This is an ongoing collection (starting today) of posts answering frequently asked questions from people who are buying or selling homes in the Kansas City area*. See also Home Buyer Tips and Advice, Sellers Tips & Advice, or Funny Stories and Parables.
How long does a Showing last? This is something many sellers worry about. How long do they need to be 'gone' while the buyers look through their home?
Showing Tips For The Hot Summer Temperatures in Kansas City reach the triple digits during the summer. Heat makes people tired and sometimes cranky. What can a seller do to make … (1 comments)
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sellers: How Long Does A Showing On My House Last? Sellers Want To Know
- 01/31/13 02:42 AM
How long will a showing last? Sellers want to know how long showings last when their home is listed for sale. They need to know how long they'll need to stay away from their home while the buyers are viewing it.
Every buyer is different. Some will know in 5 seconds if they like or don't like the house while others may take 20 minutes to decide. If they do like the house, some buyers will stay in it for an hour or longer. They will be figuring out where every piece of their furniture will go, which drawer in the … (10 comments)
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sellers: Kansas City Real Estate Market Report 4th Quarter 2012 Jackson County
- 01/21/13 08:27 AM
Real Estate Market Report for the Kansas City Greater Metropolitan Area 4th Quarter 2012: Jackson County, MO:
The median price for homes sold in Jackson County was $98,000. Up 8.9% from the 4th quarter of 2011.
Average sales price = $131,296. Up 13.3%.
List to sold price = 90.56%. Up 3.2%.
Closed sales volume = 2,057. Up 18%.
Days on market = 88. Down 9.8%.
Months supply of homes for sale = 5.3 Down 26.9%.
Inventory is at 5.3 months supply. A greater than 5-6 month supply is indicative of a Buyer's Market; a less than 5-6 month supply … (6 comments)
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sellers: Kansas City Real Estate Market Report 4th Quarter 2012 Johnson County
- 01/21/13 08:05 AM
4th Quarter Real Estate Market Report for the Kansas City Greater Metropolitan Area: Johnson County KS:
Median Sales Price = $210,000. Up 10.5% from 4th Quarter 2011.
Average Sales Price = $254,917. Up 7.2%.
List to Sold Price Price = 93.9%. Up 2.8%.
Closed Sales Volume = 2,065. Up 31.7%
Days On Market = 83. Down 21.5%.
Months Supply = 3.2 Down 40%.
Months Supply = 3.2 Down 40%. A greater than 5-6 month supply of homes for sale indicates a Buyer's Market; less than 5-6 month supply indicates a Seller's Market. We are in a Seller's Market. … (4 comments)
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One of the tenets of the National Association of Realtors© (NAR) is to advocate for the right of the individual to own, use, and transfer real property. For more than 100 years, the NAR has worked to protect property owner's rights as well as supporting or opposing any legislature that would have an effect on property rights or home owners. [i.e. property taxes and the expanded clean water act.]
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