kansas city: 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)
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kansas city: 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)
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kansas city: 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)
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kansas city: 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)
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kansas city: 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)
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kansas city: 5010 Sunset Dr Kansas City, MO, Sunset Hill Stunner
- 11/09/23 05:16 AM
Absolutely gorgeous French Provincial 2 story on Sunset Hill overlooking the Country Club Plaza. Host your own Plaza lighting party on your deck.
Recently Featured on For the Love of Old Houses, Facebooks largest group of Old Home enthusiasts
Click Here to View All Photos
Own your own piece of history located on one of Kansas City’s most iconic streets. Meticulously restored and renovated to create the perfect blend of old and new. Move-in ready, with a feel of refined simplicity that makes the house feel warm and inviting. Short walks to both the Country Club Plaza and Loose Park; you can even … (4 comments)
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kansas city: Compare Keller Offers to OpenDoor to Sell your Johnson County Home
- 12/20/21 04:02 PM
There is new way to sell your home in Johnson County Kansas and in recent months companies like OpenDoor and OfferPad have been bombarding the airwaves and local mail boxes with offers to buy your home for cash. These companies are part of a new trend call "iBuyers" or "Instant Buyers".
Instant Buyers will make a cash offer on your home generally within 24-72 hours. For many home sellers this can be advantageous if your situation requires a quick sale or if you have a home that may be in need of extensive repairs. You get to sell your home without having to … (1 comments)
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kansas city: There are actually more homes for sale than you think!
- 02/18/21 08:46 AM
In December something changed in the real estate market, it is something that had been present for a while but in December it entered the extreme territory. If you have been searching for a home, you already know what it is. It is an unprecedented lack of available homes. When our local MLS released the end of December statistics we realized that the number of available homes had decreased by 54% over the previous year. This severe lack of inventory has left buyers frustrated and on edge trying to find a suitable home. This has also led to bidding wars that … (1 comments)
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kansas city: 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)
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kansas city: 3 Reasons to Invest in Johnson County Kansas and Kansas City Metro
- 05/03/18 03:42 PM
Are rental property prices out of control in your local market? Many markets are at or above all time highs while the inventory of available properties are at an all time low. Have you have been priced out of high flying markets like Denver, Seattle, Portland, Los Angelos and San Fran?
Maybe it is time to consider the Heartland? Johnson County Kansas and the Kansas City Metro offers an incredible opportunity to purchase solid income producing properties at a fraction of what properties are selling for in other markets. Here are 3 major reasons why you should consider adding KC to your … (0 comments)
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kansas city: Kansas City Real Estate Forecast for 2017
- 10/26/16 05:02 AM
In my 16 years as a real estate agent the most common question I get is, How's the Market ? Which inevitably leads to where do you think the market is heading?
The Russell Home Team uses many tools to estimate where the market is heading, like how many available homes are for sale vs. how many homes are selling on a monthly basis plus economic factors like interest rates and job growth coupled with our on the ground experience.
One of the most useful tools we use is the Kansas City Real Estate Forecast prepared by the business school at Wichita State … (0 comments)
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kansas city: What Does Beyonce have to do with buying a house?
- 10/24/16 07:15 AM
You may or may not be a fan of Beyonce but I am sure that you have heard her hit song "All the Single Ladies" ? So what does Beyonce have to do with buying a house in Kansas City?
Well, when it comes to buying a first home, it is All the single ladies who are doing it. A recent article from Fannie Mae (Click Here To read full article) tells how single females are the fastest growing group among recent home buyers. I guess instead of waiting for someone to put a ring on it, they are putting a house … (0 comments)
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kansas city: Hesitant sellers delaying recovery in Johnson County KS Real Estate
- 08/01/12 05:03 AM
The most recent home sales figures for June were just released by The Kansas City Regional Association of Realtors and there were some very interesting trends. Sales were higher (up 17%), sales prices were higher (up 4%) and average days to sell were lower. The most disturbing trend however was the supply of homes on the market.
Supply of available homes is down to 13,500 including both New homes and resale homes, that is a 6.8 months supply. 6 months supply equals an even market with anything above signaling a buyers market and anything below 6 months signaling a sellers market. … (1 comments)
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kansas city: Why you should connect Google Fiber to your house
- 07/27/12 12:05 AM
Google made a landmark announcement yesterday, their long awaited 1 GB per second internet is now taking reservations for Kansas City Kansas and Kansas City Missouri Fiberhoods (their term for neighborhoods) It will cost $10 to reserve your space and you will have until September 9th to make your reservation. Google will have 3 separate plans that will include the super fast internet, cable TV and free internet at a slower speed. If you choose the free internet it will cost you $300 for Google to connect the fiber optic cable to your house. This is something that everyone should consider and … (2 comments)
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kansas city: The Border War: Who wins when it comes to real estate in Kansas and Missouri?
- 02/23/12 10:49 PM
The Border War: Who wins when it comes to real estate in Kansas and Missouri?
VS
The oldest rivalry west of the Mississippi may come to an end this Saturday when the Jayhawks and Tigers meet for the last time in Allen Fieldhouse. While we apply the term “war” loosely today to business poaching and sports, the deep divide between the two states seems as literal as State Line road. What Kansan doesn’t hesitate, if only for a moment, to purchase a home with a 64131 zip code? What Missourian isn’t considered a traitor for moving into Leawood, steps … (2 comments)
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kansas city: Expect an early Spring for Johnson County Kansas and Kansas City Real Estate Market
- 12/13/11 08:18 AM
Is January the new June when it comes to getting your home on the market? Even though we haven’t had the first significant snowfall of the season yet, the ideal spring season for selling a home begins as early as January, a change to the conventional thinking that April, May, and June are the prime months for selling a house. In Johnson County and around the country, the housing market has favored buyers for several years because of the substantial housing inventory available. Savvy home sellers, realizing that less competition means greater opportunity for a sale at optimum price, are trending … (0 comments)
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kansas city: Now is the right time to invest your self-directed IRA in Kansas City Real Estate
- 11/04/11 09:15 AM
With ultra low interest rates and falling prices, the terms for buying real estate have never been so attractive in the Kansas City market. So what opportunities exist if you are not looking to buy a home for yourself? Tougher standards by mortgage lenders has created an over supply of renters and a shortage of quality rental properties. Investing in rental properties might be a great option for you to build your wealth and diversify your investment portfolio at the same time, so that you are not completely reliant upon the ups and downs of the stock market.
There is a growing trend … (0 comments)
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kansas city: Kansas City Dream Program, down payment assistance for Kansas City Home purchases.
- 11/02/11 08:49 AM
The Kansas City Dream program is back. Do you want to buy a home but lack the needed down payment? Then it is time to consider the Kansas City Dream program. Here are the details:
Pursue the American dream of homeownership!The City of Kansas City, Mo. is currently accepting applications from first time homebuyers for the KC Dream Home Program.
The Kansas City Dream Home Program:
Provides a forgivable loan of up to 20 percent of the sales price of a home; maximum loan of $20,000 No payments required on forgivable loan - 10 percent forgiven each year for 10 … (0 comments)
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kansas city: Catholic Charities of Kansas City offers free Mortgage Counseling
- 10/13/11 07:24 AM
FREE MORTGAGE COUNSELING
Catholic Charities of Kansas City- St. Joseph
20 West 9th Street, Kansas City, MO 64105
Catholic Charities of Kansas City & St. Joseph is a HUD approved agency.
Our services are professional and confidential.
Do you know anyone who is facing foreclosure and wants to keep their home?
• Do you know someone who is having trouble paying their mortgage?
• Do you know someone who is concerned about the possibility of default?
• Do you know someone whose income was decreased due to the economy?
• Do you know someone who expresses frustration about trying … (0 comments)
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kansas city: 3012 N. 64th Street Kansas City Kansas home for sale
- 05/03/11 07:18 AM
Just Listed3012 N. 64th StreetKansas City, KS 66104$110,000
4 bedrooms 2 full baths Brick Ranch New Roof over 1/2 acre fenced mother in-law quarters finished walk-out basement Hardwood Floors under carpet All appliances included No neighbors acroos street Storage shed Well manetained ranch home in Kansas City Kansas, perfect for the growing family. Beautiful hardwood floors under the carpet, tons of natural light and so much more. Call Michael Russell for a showing today ar 913-681-1383
… (1 comments)
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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.
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