overland park: Foreclosure or Short Sale?
- 04/05/10 08:47 AM
You can't pay your bills, your worried about your family's health, and the bank is threatening foreclosure. A short sale is when a bank agrees to sell a house for less than is owed on the loan., including closing costs, realtor fees, etc.There is often misinformation when it comes to this topic. I often find that people facing foreclosure contact me after the bank has started legal preceedings against them. It is hard to face the fact that you might actually be foreclosed on, but many do not realize the long term ramifications foreclosure can have on your financial health. Please … (2 comments)
overland park: PART 1: A 1st-Time Buyer's Financial Expectations of Home Ownership
- 11/25/09 01:15 PM
A HOME AS AN INVESTMENT AS A REALTOR, ACCOUNTANT AND A HOMEOWNER, SOMETIMES I WONDER WHETHER A HOME IS AN INVESTMENT. CERTAINLY THERE ARE BENEFITS TO HOME OWNERSHIP, BUT IS A HOUSE AN INVESTMENT? WHAT SORT OF RETURN SHOULD I EXPECT, IF ANY? WHAT ARE THE RISKS? Well, the benefits, risks, costs and ROI of home ownership are unpredictable. After the recent mortgage crisis, many homes throughout the country have seen a significant decline in value after years of high value appreciation. So, even though the residential real estate market has definite ups and downs, overall I believe a home is a good … (1 comments)
The city traces its roots back to 1905 with the arrival of its founder William B. Strang Jr., who platted subdivisions, including one named "Overland Park," along a military roadway. Strang envisioned a self-sustaining, well planned "park-like" community that had strong commerce, quality education, vibrant neighborhoods, convenient transportation and accommodating recreational facilities - all amenities that today, make Overland Park one of the best places to live and grow up. Before Strang's death in 1921, he established several housing developments, an interurban railroad and an airfield. Remnants of his interurban line remain today as do his … (0 comments)
People often ask me how the real estate market is doing and I never quite know how to answer that question because it depends on your perspective and the top 3 rules of real estate: location, location, location. Locally, the Kansas City metro housing market reached its peak around May of 2006 with an average price of approximately $192,000. Today, roughly 3 years later, our average price is around $164,000. This nearly 15% drop has many homeowners in over their heads. However, buyers and realtors are presented with a unique opportunity. Especially when … (1 comments)
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.
You can't pay your bills, your worried about your family's health, and the bank is threatening foreclosure. A short sale is when a bank agrees to sell a house for less than is owed on the loan., including closing costs, realtor fees, etc.There is often misinformation when it comes to this topic. I often find that people facing foreclosure contact me after the bank has started legal preceedings against them. It is hard to face the fact that you might actually be foreclosed on, but many do not realize the long term ramifications foreclosure can have on your financial health. Please … (2 comments)
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