overland park: 4 biggest barriers to homeownership and how to overcome them!
- 02/25/24 10:21 AM
In a recent poll completed by the National Association of Realtors there were 4 main barriers that were stopping homebuyers from successfully becoming a homeowner. Increasing home prices, rising mortgage rates, lack of available homes and difficulty raising enough funds for a down payment were those 4 main reasons for over 75% of the respondents. With the Spring 2024 home buying season almost upon us, I wanted to give you some great ways to counteract each of these barriers and get on the road to homeownership.
Increasing Home Prices - Home prices have been increasing for a while now but they really … (4 comments)
|
overland park: What is the Silver Tsunami and will it help you buy a house?
- 01/20/24 05:41 PM
For several years now there has been a prediction of a Silver Tsunami, this wave has nothing to do with global warming but the prediction that homeowners that are 65 or older will start selling their current homes and moving towards smaller homes or other Senior living options.
As we started to live longer and healthier lives there was a trend to stay in your current home longer than normal and home availability crisis that was exacerbated by Covid -19 has kept seniors in their current homes way longer than anyone anticipated.
See All Homes For Sale Now
This so called Silver Tsunami has … (2 comments)
|
overland park: Millennials are their own worst enemy when it comes to buying a house
- 01/20/24 04:33 PM
So this was actually the headline for another article (You can read it here) but I felt that most of their conclusions were totally wrong. They were not wrong that millennials are there own worst enemy when it comes to buying a house, they were just wrong about the reasons.
I have 3 reasons why you are your own worst enemy and what you should do instead :
Timing: Most millennials wait way too long or don't wait long enough. Real Estate has seasonality and you can expect the highest number of homes to sell between March 1st and the end of June, while … (3 comments)
|
overland park: First Homebuyer $7,500 Down Payment Assistance KS or MO
- 01/10/24 02:04 PM
So what is better than interest rates going down? I know, having someone else pay your down payment! Every year Housing and Urban Development (HUD) releases funds to assist first time buyers with their downpayment. The bad news is these funds don't last long.
See Homes that are eligible for Down Payment Assistance
So here is your official notice, do you want $7,500 towards your down payment? Then you will need to act fast and here is everything you need to know:
Apply for Home Loan with First Bank - Kim Schultz
Funds are Limited and are on a First Come, First Service Basis
You Must … (0 comments)
|
overland park: When it Come to Mortgages in 2024, There Is A Butt For Every Saddle
- 01/08/24 08:19 AM
When Mortgage interest rates started to rise in the fall of 2022 it caught many if not all home buyers off guard. As rates rose quickly from the 3's to the 7's it quickly changed what had been a runaway train real estate market to the Little Red Train trying to get over the hill. As rates stagnated above 7% mortgage lenders had to come up with new and unique ways to bring affordability back to home buying.
More: See All Homes For Sale in the KC Metro
While rates have finally started to come back down, they are still high in comparison … (2 comments)
|
overland park: There are NO Bad Home Inspections!
- 01/03/24 09:41 AM
THERE IS NO SUCH THING AS A "BAD HOME INSPECTION". HOME INSPECTIONS ARE IMPORTANT FOR HOME BUYERS, HOME SELLERS, LISTING AGENTS AND BUYERS' AGENTS. THE HOUSE WILL BE UNDER A MAGNIFYING GLASS. A good home inspection means that the home inspector examines every "nook and cranny" in a house and tests all systems and components. A HOME INSPECTION IS USUALLY A CONTINGENCY ON THE CONTRACT. If the home inspector discovers and documents serious structural, systems, etc. defects, the seller is usually given an opportunity to cure or the buyer can void the contract. If the home inspection finds the home in … (4 comments)
|
overland park: Do adjustable mortgage rates scare you?
- 12/22/23 02:44 PM
Starting the early 2000's there was a major switch from 30 year fixed rate mortgages to adjustable rate mortgages or (ARM's) . As home prices continued to rise there was a huge push to find ways to make mortgage payments more affordable, this led to the creation of new and exotic adjustable rate mortgage loan options. Many of these options includes interest only loans and loan that led to mortgage balances growing each month, these loan options led to a lot of foreclosures and left most buyers terrified of adjustable rate mortgages.
See Homes For Sale
Move forward to today, with homes prices … (2 comments)
|
overland park: 2024 Real Estate, 2 things that will change and 2 that won't
- 12/20/23 11:27 AM
At the end of 2019 it was looking like real estate was heading for a correction, there had been a solid 8+ years of rising prices and based on past markets real estate was due for a correction. What nobody saw coming was a pandemic, Covid 19 changed how people view and value their homes. Fueled by low interest rates and Covid Cash, homes sales in the summer of 2020 became a runaway train with homes selling way over list price with multiple offers immediately after listing. This continued all the way till the fall of 2022 when rising interest rates … (1 comments)
|
overland park: Considering New Construction in 2024? The builders are getting ready!
- 12/19/23 09:57 AM
Are you considering a new construction home in 2024? Well, the local homebuilders believe that you are. Recent numbers show that homebuilders have increased their starts by 18% in November and 42% over the previous year.
New Construction Homes in Overland Park Kansas
New Construction Homes in Olathe Kansas
New Construction Homes in Lenexa Kansas
New Construction Homes in Leawood Kansas
With the anemically low inventory of resale homes available, builders are stepping up to create much needed inventory, in fact new homes make up almost 40% of the current available inventory.
Another great reason to consider a new home now is that interest rates are expected … (1 comments)
|
overland park: Hey Kansas City, How about some positive real estate news?
- 12/15/23 07:35 PM
I was surfing around the internet and while visiting multiple news and social media sites I saw nothing but negative news about the current real estate market. There were probably 10 articles about a pending crash in real estate values and equally as many articles about lawsuits pertaining to real estate commissions. All of this negative news was really getting to me, especially since I have never been more optimistic about a coming year in my 23 years as a real estate agent. I started looked for some positive real estate news and found nothing, so here is some.
Let's start with … (2 comments)
|
overland park: Top 3 things that will destroy your new construction budget!
- 12/12/23 09:34 AM
The decision to build a new home should be a really exciting time, this is an opportunity the design your dream home that meets all of your and your families needs. We just want to make sure that the dream doesn't turn into a nightmare where you have to gut your upgrade budget to cover unexpected overages.
See Available South Johnson County New Construction Homes
In general we see that most buyers will earmark 10% of the homes final cost for upgrades to items like flooring, lighting, appliances, tile, kitchen cabinets and counters. However, most buyers forget to prepare for these 3 potential … (3 comments)
|
overland park: Southern Meadows, Hot New Home community in Overland Park
- 12/08/23 09:27 AM
Check out this hot new subdivision in South Overland Park / Stilwell. The New Southern Meadows will be just South of 183rd St and Mission Road, when completed there will be over 1200 homes on 510 acres. It will feed into the Award Winning Blue Valley School District and home price will be from $500,000 to 1.5 Million + .
Southern Meadows will feature luscious terrain with amenities that include a mountain bike trail, pickelball, tennis, clubhouse, competitive lap pool, basketball and frisbee golf. This will be some of the best amenities found in any subdivision in South Johnson County
Southern Meadows will … (1 comments)
|
overland park: Building a New Construction Home? You need to know the 70/20/10 Rule!
- 12/07/23 06:17 PM
Over the last several years the inventory of available homes has been extremely low and the competition to buy the homes that do come up for sale has been fierce.
This has led a lot of buyers to consider New Construction Homes. Building a new home can be exciting but it can also turn into an absolute nightmare if you don't have plan from start to finish.
One of the first steps is to meet with a lender who specializes in New Construction financing , this will help you get pre-approved and create a budget for your new home. This is where … (5 comments)
|
overland park: Why you should buy your first Home, my personal story
- 08/23/21 07:39 AM
This is a picture of my first home, I purchased it in Denver Colorado in 1993 and I paid a whopping $67,000 for this 2 bedroom 1 bath brick bungalow west of downtown Denver. I was 23 years old and didn't have a clue of why I wanted to buy a home, it just seemed like a good idea.
It turns out that good idea completely changed my entire financial future. I kept the home until 1998 and SOLD it for $149,000, an $82,000 increase in value. Over the next 7 years I owned multiple homes in Denver and kept gaining equity through home … (1 comments)
|
overland park: Spring Guide to Buying a Home In Johnson County Kansas
- 04/24/21 09:36 AM
The Spring 2021 Edition of Things to Consider When Buying a Home is now available. Completely Updated with all of the information you need to be a home buyer this Spring.
Click Here to Download your Free Copy
Are you also a Home Seller? Find out why this is most likely the best sellers market ever!
Click Here to Download our Free Seller Version
Wonder where all of the great homes are?
Click Here to Visit the Most Up To Date Home Search
… (1 comments)
|
overland park: 3 simple steps to boost your credit score........
- 07/08/19 10:20 AM
Buying a home is an amazing accomplishment, one that can set your family up for future wealth, provide security and give you the satisfaction that comes with owning your own home. But before you can become a home owner you need to get approved for a loan.
For many would be home buyers this has become a challenge, many have the income but lack the credit score to qualify. If you are in this predicament here are 3 easy steps to get on the right track. I want to give a little disclaimer, credit scores don't magically improve overnight and be very … (0 comments)
|
overland park: 10740 w 115th Overland Park, KS 66210, amazing kitchen
- 01/22/19 05:56 PM
Just Listed
10740 W 115th Street
Overland Park, KS 662210
$195,000
Best Overland Park property under $200,000. Just steps away from the new City Place. Amazing kitchen remodel, new furnace & A/C, newer carpet and paint.
Visit 10740w115th.info for more information
Like what you see? call 913-523-6427 to schedule a showing today!
… (1 comments)
|
overland park: Hampton Place 2018 Real Estate Year in Review
- 01/07/19 10:15 AM
Every year in January I write my annual recap of Hampton Place Home Sales for the prior year, 2018 will go down as the year of "Sale Pending" no sooner than a home listed did it seem like it was under contract. For those of you who are considering selling in 2019, here is a look back and my forecast for 2019.
A look back at 2018
The overall number of homes SOLD was relatively unchanged from 2017 and hasn't changed much over the past 5 years, we have been generally seeing about 20 to 30 homes sell per year. In a neighborhood … (3 comments)
|
overland park: Credit Score changes helping would be home buyers!
- 08/20/18 01:38 PM
If you haven't checked your credit score in a while, you may be in for a pleasant surprise. The 3 major credit reporting agencies have made significant changes to the way they report negative information.
The National Consumer Assistance Plan (NCAP) is an initiative launched by Equifax, Experian and Trans Union to make your credit report more accurate and to make it easier to correct errors on your credit report.
In the last 2 years over 8 million collections have been removed from credit reports and the average consumers credit score has risen 14 points.
More: See all homes for sale in Johnson County … (0 comments)
|
overland park: Sylvan Lake Homes for Sale, Overland Park Kansas
- 08/17/18 06:45 AM
2 Great New Listings in Sylvan Lake
15751 Beverly Street Overland Park, KS 66223
Click Here for more pictures and current price
6032 W 158th Street Overland Park, KS 66223
Click Here to see more picture and current price
Like what you see? Call Mike Russell at 913-523-6427 for a private showing.
Want to see more homes? Visit www.SearchJoCoHomes to see all homes for sale in Johnson County Kansas and the entire Kansas City Metro area.
… (0 comments)
|
In a recent poll completed by the National Association of Realtors there were 4 main barriers that were stopping homebuyers from successfully becoming a homeowner. Increasing home prices, rising mortgage rates, lack of available homes and difficulty raising enough funds for a down payment were those 4 main reasons for over 75% of the respondents. With the Spring 2024 home buying season almost upon us, I wanted to give you some great ways to counteract each of these barriers and get on the road to homeownership.
;)
;)
;)
