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Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
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Question: My wife and I bought our home in Olathe in 2007. This spring we got a divorce. Recently, I have been laid off from work and can't keep up on the mortgage. I offered to let my ex-wife have the home, but she is not in position to make the mortgage either. I had an appraisal done on the home and found out that my home is worth much less than what I owe on the home. What can I do?Jeremy G. from Olathe, Kansas.
Answer: Sorry to hear about your situation, Jeremy. Although I would prepare for a short sale, I would first request a loan modification from your lender. Your lender should offer some options. Mortgage lenders are getting much more aggressive in working out short sales in Kansas. Since time is of the essence, I would also hire a real estate agent who specializes or has experience with short sales immediately.
Need help, lets talk.
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Another blog post written by:The Real Estate Wizards of Kansas City
Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers. Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.
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By Taking Our Johnson County, KS. Home Off the Real Estate Market Then Re-Listing, We Can Prevent Home Buyers from seeing that Our Home has been on the Real Estate Market for over 8 Months, Right?
Question: Our rural Johnson County, KS. home has been on the market for approximately eight months now. I suggested to my wife that we take it off the market and re-list this coming spring or summer. It will also help our home look fresh on the MLS. My wife felt we should keep it on the market. Our home is located in the rural area and gets very little traffic. Our Realtor said it wouldn’t matter with the listing.
Buyers who view our home will notice that it has been on the market 8 months. By taking our home off the market, buyers may miss that it has been on the market so long when we re-list it, right? What do you think?
Alan P. from rural Johnson County
Answer: Sorry to break the bad news. Our MLS in Kansas City makes it easy for real estate agents and their buyers to view the total days on the market. In addition, the Kansas City Heartland MLS, provides a link for the MLS history of its listings, including seeing price changes and cancellations. The days on the market may get reset if it is off the market 75 days, but this will not change the history. Real estate agents in Kansas City routinely look at the days on the market and the MLS history. By taking your market off the market, you will not mask how many days your home has been on the real estate market.
I would have your real estate agent provide you a pricing analysis and then aggressively price your home to sell. We have had a mild winter and rural properties priced right and show well are selling.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today! Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.
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