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Kansas City Real Estate News Blog

Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.

"I thought all sellers are desperate"; "Why can't I get the house I want at 30% off the listing price"

The good ole "lowball offer"....Welcome back friend.

Foreclosures across the country are up, but trending downward in Kansas City, and especially Johnson County, Kansas.

Why? Simple....Our market didn't suffer from an overdose of skyroeckting, overinflated housing prices.  We sufferred from an increase in overvalued BUYERS.  People who had little or no business buying the $350,000 home, and should have stuck with $225,000 homes....Not the fault of mortgage lenders, nope....

Excited, pumped up by all of the economic news, "pie in the sky" visions of living in a home they couldn't afford....And on occassion, there were unscrupulous lenders, appraisers, sure....But by and large each of us is responsible for where we are....Agreed?

The article attached tells all about foreclosure rates....

http://www.usatoday.com/money/economy/housing/2009-01-14-foreclosure-record-filings_N.htm

...But what it doesn't tell you is that maybe a pro can help you out of your mess.  Should we talk?

And if you believe a professional is expensive, hire an amateur.

 

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Raymond Kirk said:

That's great, I never thought about I thought all sellers are desperate like that before.

January 17, 2009 12:11 AM

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About Martin Taggart

Originally from Yosemite National Park in central California, I found my way out to Denver, Colorado. A corprate relocation accompanied my Fortune 100 job transfer, and the first step in my trek to the midwest was underway. After 7 years in Denver, another job transfer with the same firm landed me in Shawnee, Kansas. While I am living in my 3rd home in Shawnee, I've come to think of Kansas as my home.

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