Category: buying a home (35)

Olathe Front

If you’re house-hunting in Olathe on Sunday (Feb. 17), swing by and visit us at an open house located in the Spring Meadow subdivision at 17442 W. 158th Terrace from 1 to 3:30 p.m. This 4-bedroom, 3-bath home offers a spacious open floor plan and much more! We hope to see you there!

Can’t make it Sunday but want to see it another time? Call me at (913) 980-2434.

Sprint-Center-Night_RNAs I’ve mentioned in recent posts, the Kansas City metropolitan area is experiencing renewed market conditions. According to an email I received last week from Cunningham Appraisal LLC, the average sale price increased 2% through 2012, and residential inventory levels (new and existing homes) represent a 14.2% decrease from 2011. The historically low mortgage rates have created a favorable buying environment for those with a job and good credit.

The company also provided a few key points to capture our market at a glance:

• Economic climate average-improving
• New construction increasing
• REO activity improving
• Supply balance
• Demand improving
• Market direction improving
• Market mood improving

So what does all this mean? According to Cunningham Appraisal, it is anticipated that KC will remain a buyer’s market for the foreseeable future. The low prices are attracting more buyers – including investors. Moreover, the company notes the key ingredient to this market recovery will be job growth.

In my role as a realtor, I’m seeing signs of these changes all the time. Like I wrote about last week, I’ve been extremely busy on the buying side lately, as many of my clients are taking advantage of low rates to help them make their next real estate investment.

If you want to discuss when might be the best time for you to buy or sell, or you just want to gain more insight to the market conditions, please give me a call. You can reach me anytime at (913) 980-2434.

HouseGraph130The Kansas City real estate market continues to show signs of recovery, and with low interest rates still available, I’m finding myself super busy with buyers. In fact, two buyers I’m working with put homes under contract just this week!

In statistics released last week, the National Association of Realtors reported existing-home sales near a 5-year high, with the housing market flirting with pre-bust growth. So, if you’re going to buy a home in the near future, you might want to consider doing so while you can still take advantage of the great rates!

And, if you’re planning to sell your home soon, take into account the low inventory currently available in the Kansas City area and think about moving your timeline up a bit to get on the market before it gets congested with competition.

If you want to learn more, or talk through a plan to meet your real estate goals, give me a call anytime at (913) 980-2434.

Traditionally, this is not one of the busier times of the year for buying a home, but the historically low interest rates are really driving movement in the KC market. The thing to keep in mind if you’re interested in taking advantage of these great rates is that you should be prepared to act quickly when you find a home you love. Even though this is considered a buyer’s market, the inventory throughout Kansas City is a little low, so when you find a home you want to buy, there’s a fair chance it’s going to go fast. In fact, in the past month I had two listings in Olathe that sold this way – the first in 4 days, the second in 9 days.

That said, don’t let this intimidate you. With the rates the way they are, you can likely save some on your buying budget or get a little more house for your money than you might have expected. If you are ready, it really is a great time to buy.

Check out these happy first-time homebuyers at the closing table. Congrats to Nick and Rachel who just closed on their first home in Independence last week!

Give me a call if you want to learn more at (913) 980-2434. If you want to speak with someone specifically about mortgage rates and lending, I’d recommend my friend Lauren North with Plaza Mortgage HomeServices Lending.