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Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
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Contact the Dowell Taggart Team of the Kansas City Real Estate Network regarding our Competitive Real Estate Commissions starting at 2%!
Kansas City Real Estate Network
RE/MAX Premier Realty 913-712-9204 RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?Another blog post written by: Dowell Taggart Team
Comments are appreciated! Go ahead and add your 2 cents . . .
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Contact the Dowell Taggart Team of the Kansas City Real Estate Network regarding our 30 Day Risk Free Listing!
Kansas City Real Estate Network
RE/MAX Premier Realty 913-712-9204
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?Another blog post written by: Dowell Taggart Team
Comments are appreciated! Go ahead and add your 2 cents . . .
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What is wrong with the banks regarding short sales and why it pays to hire a specialist to help.
This is a true account of a real life real estate transaction.
A real estate listed a home in Raytown, Missouri for $100,000. The seller owed more than $100,000, so the agent and seller knew it would be a short sale.
After over 6 months on the real estate market, the list price dropped to $79,000. Soon after dropping the price an offer for $69,000 came in from another agent.
The listing agent presented the short sale offer to the seller's lender promptly. After months of dealing with the seller's lender, the listing agent had no response for the buyer and seller, so the buyer cancelled the offer.
The listing agent really wanted to help the seller, so she continued her attempts to sell the home in Raytown.
After two years of trying to sell their home, the seller has not been able to sell their home. A friend recommended to them to hire a short sale real estate specialist, so the seller lets their current listing agreement expire then the hire a short sale real estate specialist.
The short sale real estate specialist starts by making a request to the seller's lender to do an appraisal.
Although the home has newer mechanicals, paint, and decor; the appraisal comes in low. The seller's lender approves a list price of $35,000.
In the matter of a few days, the home is sold and close and the seller moves on.
Just like many short sales, a short sale specialist has experience to get the lender to understand reality. The bank in this situation is looking at what is owed on the home, not at what the home is actually worth.
Have questions, feel free to contact us.
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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How long should you list your Overland Park home for sale with a Overland Park real estate agent and who should I choose to list my Overland Park property for sale with this summer?Did you know that 90% of the real estate activity during the listing period is during the first 30 days? Yep. So it doesn’t make sense to list for more than 30 days, doesn’t it?First, a professional Overland Park real estate agent will have an aggressive 30 Day Listing program for Overland Park homeowners.Second, what is more important than how long you list your Overland Park home for sale is the real estate agent you choose to list with to market and sell your Overland Park house.Choose a veteran full time professional Overland Park real estate agent who understands that 92% of the Overland Park home buyers use the internet to search and view Overland Park homes online sometime during the home buying process.An aggressive real estate marketing program by an Overland Park REALTOR should consist of a large networking base on social media, a vibrant web marketing program, and an aggressive new media program. Although choosing a company brand may seem like a safe bet, the real estate company you choose will do very little to market your Overland Park property. It is the individual real estate agent you choose who will market and sell your home. In a nut shell, not all agents from Coldwell Banker, Reece and Nichols, Keller Williams, Realty Executives, RE/MAX and Prudential are they same. Overland Park real estate agents from each real estate brand have individual marketing and sales plans.Many Overland Park home buyers find searching Overland Park real estate on Google and interviewing the top 3 real estate agents they find helpful in choosing an Overland Park REALTOR.Research and choose an Overland Park real estate agent wisely. If you choose an Overland Park REALTOR who can’t be found on Google or can’t get your Overland Park listing found on the internet, how will Overland Park home buyers find your home?Checkout the Dowell Taggart Team’s 30 Day Listing Program!
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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How long should you list your Olathe home for sale with a Olathe, KS. real estate agent and who should I choose to list my Olathe property for sale with this summer?Did you know that 90% of the real estate activity during the listing period is during the first 30 days? Yep. So it doesn’t make sense to list for more than 30 days, doesn’t it?First, a professional Olathe real estate agent will have an aggressive 30 Day Listing program for Olathe homeowners.Second, what is more important than how long you list your Olathe home for sale is the real estate agent you choose to list with to market and sell your Olathe house.Choose a veteran full time professional Olathe real estate agent who understands that 92% of the Olathe home buyers use the internet to search and view Olathe homes online sometime during the home buying process.An aggressive real estate marketing program by an Olathe REALTOR should consist of a large networking base on social media, a vibrant web marketing program, and an aggressive new media program. Although choosing a company brand may seem like a safe bet, the real estate company you choose will do very little to market your Olathe property. It is the individual real estate agent you choose who will market and sell your home. In a nut shell, not all agents from Coldwell Banker, Reece and Nichols, Keller Williams, Realty Executives, RE/MAX and Prudential are they same. Olathe real estate agents from each real estate brand have individual marketing and sales plans.Many Olathe home buyers find searching Olathe real estate on Google and interviewing the top 3 real estate agents they find helpful in choosing an Olathe REALTOR.Research and choose an Olathe real estate agent wisely. If you choose an Olathe REALTOR who can’t be found on Google or can’t get your Olathe listing found on the internet, how will Olathe home buyers find your home?Checkout the Dowell Taggart Team’s 30 Day Listing Program!
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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Going FSBO in Kansas City . . . Does it make sense?
Why do most FSBO's in Kansas City decide to sell FSBO? To save the commission.
Why do home buyers in Kansas City who buy a FSBO, decide to buy FSBO? To save the commission.
How can the FSBO and the FSBO buyer both decide to save the some money. Simply, they can't.
So it makes sense about the real estate information that Homegain.com just released from the months of research they just finished, that both the FSBO home seller and buyer can't save the some money and that nearly 90% of the real estate lawsuits in the USA involved no real estate agent in the transactions.
Makes sense to me. I spoke to two title company closers this morning about the information released and was surprised about their take of the information. One closer said that she will never close a FSBO real estate transaction with the buyer not being represented by a real estate agent. The other title company closer said that her title company charges FSBO's and unrepresented buyers a higher closing fee.
Both title company closers mentioned that disputes over interpretation of wording on the real estate contract come up when the settlement statement gets released.
Another problem, according to the title company closers, is known issues around the home do not get disclosed to the buyer. If the buyer and seller can't work out a remedy, the closers said that the buyers and sellers try to draw them in.
Both title company closers were not surprised that nearly 90% of the FSBO sellers and unrepresented buyers end up into a legal dispute.
If you're thinking about either selling FSBO in Kansas City, I would suggest having an attorney draw up the real estate contract and disclosing all know material defects about your home.
If you're thinking about buying a Kansas City home without a real estate agent, I would suggest having an attorney review the real estate contact and having a seller's disclosure be an integral part of the real estate contract.
Need help or suggestions on how to stay out of a legal dispute? Contact the Dowell Taggart Team.
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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How long should you list your Overland Park, KS. home for sale with a Overland Park, KS. real estate agent and who should I choose to list my Overland Park, KS. property for sale with this summer?
Did you know that 90% of the real estate activity during the listing period is during the first 30 days?
Yep. So it doesn’t make sense to list for more than 30 days, doesn’t it?
First, a professional Overland Park, KS. real estate agent will have an aggressive 30 Day Listing program for Overland Park, KS. homeowners.
Second, what is more important than how long you list your Overland Park, KS. home for sale is the real estate agent you choose to list with to market and sell your Overland Park, KS. house.
Choose a veteran full time professional Overland Park, KS. real estate agent who understands that 92% of the Overland Park, KS. home buyers use the internet to search and view Overland Park, KS. homes online sometime during the home buying process.
An aggressive real estate marketing program by an Overland Park, KS. REALTOR should consist of a large networking base on social media, a vibrant web marketing program, and an aggressive new media program.
Although choosing a company brand may seem like a safe bet, the real estate company you choose will do very little to market your Overland Park, KS. property. It is the individual real estate agent you choose who will market and sell your home. In a nut shell, not all agents from Coldwell Banker, Reece and Nichols, Keller Williams, Realty Executives, RE/MAX and Prudential are they same. Overland Park, KS. real estate agents from each real estate brand have individual marketing and sales plans.
Many Overland Park, KS. home buyers find searching Overland Park, KS. real estate on Google and interviewing the top 3 real estate agents they find helpful in choosing an Overland Park, KS. REALTOR.
Research and choose an Overland Park, KS. real estate agent wisely. If you choose an Overland Park, KS. REALTOR who can’t be found on Google or can’t get your Overland Park, KS. listing found on the internet, how will Overland Park, KS. home buyers find your home?
Checkout the Dowell Taggart Team’s 30 Day Listing Program!
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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How long should you list your Olathe, KS. home for sale with a Olathe, KS. real estate agent and who should I choose to list my Olathe, KS. property for sale with this summer?
Did you know that 90% of the real estate activity during the listing period is during the first 30 days?
Yep. So it doesn’t make sense to list for more than 30 days, doesn’t it?
First, a professional Olathe, KS. real estate agent will have an aggressive 30 Day Listing program for Olathe, KS. homeowners.
Second, what is more important than how long you list your Olathe, KS. home for sale is the real estate agent you choose to list with to market and sell your Olathe, KS. house.
Choose a veteran full time professional Olathe, KS. real estate agent who understands that 92% of the Olathe, KS. home buyers use the internet to search and view Olathe, KS. homes online sometime during the home buying process.
An aggressive real estate marketing program by an Olathe, KS. REALTOR should consist of a large networking base on social media, a vibrant web marketing program, and an aggressive new media program.
Although choosing a company brand may seem like a safe bet, the real estate company you choose will do very little to market your Olathe, KS. property. It is the individual real estate agent you choose who will market and sell your home. In a nut shell, not all agents from Coldwell Banker, Reece and Nichols, Keller Williams, Realty Executives, RE/MAX and Prudential are they same. Olathe, KS. real estate agents from each real estate brand have individual marketing and sales plans.
Many Olathe, KS. home buyers find searching Olathe, KS. real estate on Google and interviewing the top 3 real estate agents they find helpful in choosing an Olathe, KS. REALTOR.
Research and choose an Olathe, KS. real estate agent wisely. If you choose an Olathe, KS. REALTOR who can’t be found on Google or can’t get your Olathe, KS. listing found on the internet, how will Olathe, KS. home buyers find your home?
Checkout the Dowell Taggart Team’s 30 Day Listing Program!
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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5 Benefits of Pricing a Kansas City Home Correctly
RE/MAX sells more homes than any other real estate company. For a reason...should we talk? Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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Question: Our Leawood house has been listed for over a year with no showings other than the ones we show ourselves at open houses we hold! Our Realtor has offered no guidance on what we can do to prepare our home and buyers at our open houses say the home is spotless and looks great. Other homes in the area are selling within 90 days and our home is now priced below them. Our current REALTOR is our second REALTOR, both are from large are brokerages. It does not seem both REALTORS did much to market our home. Both relied on their companies name and offered no samples of marketing when requested. What else can we do? We are located close to schools in a wonderful subdivision and have great parks nearby. The house is two years old, has granite countertops, stainless steel appliances, a large custom deck, and a spacious finished basement with a media room. Our yard is professionally landscaped and the backyard is fenced. We hold open houses at least three weeks a month. What should we do now? Kenneth R. from Leawood, Kansas
Answer: Thanks for your question, Kenneth. I tried to look up your home on the MLS to offer some advice but I was not able to find your home, so I will be kind of generic on my advice.
First, you are experiencing what we call in the real estate community as "Worn". When a nice home is on the market for a long period of time and it doesn't sell, home buyers think that their is something wrong with the home. Although pricing is the number 1 reason for homes to not sell, home buyers figure that homes that have been on the market for a long period of time is probably because there is a structural, cosmetic or mechanical issue.
Typically, homes that are listed to high will eventually sell, but at a much lower priced than if they were listed at the correct price at the beginning.
I would suggest having a Salablity Checklist preformed on your home; as well as, an updated pricing analysis. We do this on all pf our listings. The 500 websites we choose to market our listings will not be effective if we have listed the home at the wrong price and have staged the home incorrectly.
Here is a copy of our Salability Checklist. This is why our listings sell for Top Dollar in 30 days.
Saleability Checklist
Perils Of Overpricing
When selling a home, the price you set is a critical factor in the return you'll receive. The correct price is determined by the size, condition and location of your home, what comparable homes are selling for at the time you list your home, and the balance of supply and demand in your area.
Overpricing your home is one of the biggest mistakes you could make. If you know what your home is truly worth, you should set your price no more than 5% higher. That gives you plenty of room for negotiation.
There are several reasons why overpricing won't work to your advantage, namely:
- Limits Buyers
Prospective buyers that you want to attract won't see your house because they are only looking at homes within their price range. Other buyers who may see your house realize that they can get more for their money elsewhere.
- Limits Showings
Other real estate agents may be reluctant to show your property if it is overpriced.
- Sells The Competition
Agents may use this home to sell against other homes that are more attractively priced. If your home is the highest priced in the area, it may sit unsold until all the similar homes have sold. Because new homes keep coming on the market, this could continue until you reduce your price.
- Lose The '30-Day' Advantage
A home sells best the first 30 days after it goes on the market. There is typically a backlog of buyers waiting to look at homes as they first come on the market. If your home is initially overpriced, you'll lose these buyers and the 30-day advantage.
- Listing Gets Stale
When a home is on the market beyond the average selling time, buyers may think that there's something wrong with the property.
- Difficult To Finance
Even if a buyer is willing to pay the high price, an appraisal at that price may be difficult to get and lenders may not be able to provide a loan.
- Lower Price
To eventually sell the home, you may have to reduce the price, sometimes, several times. In the end you lose twice, a lower sales price and a slower sale.
If 25 of the 33 criteria are checked it is almost certain that your property will sell.
Priced below the RealEstate.com estimated home value [ ] Yes [ ] No Priced below the Zillow Estimate [ ] Yes [ ] No Priced below the Yahoo Real Estate Estimate [ ] Yes [ ] No Priced below within the RPR estimate [ ] Yes [ ] No Priced below the average square foot pricing [ ] Yes [ ] No Priced below average for area [ ] Yes [ ] No Priced below county tax appraisal [ ] Yes [ ] No Condition of home is above average excluding distressed homes [ ] Yes [ ] No Owner financing is available [ ] Yes [ ] No Special financing available [ ] Yes [ ] No Seller to pay buyer normal buyers closing cost [ ] Yes [ ] No Postdated price reduction [ ] Yes [ ] No Even sales price [ ] Yes [ ] No Above average DOM listing agreement [ ] Yes [ ] No Above market commission [ ] Yes [ ] No Easy access to property- Go and Show [ ] Yes [ ] No Yard sign in front of home [ ] Yes [ ] No Immediate possession available [ ] Yes [ ] No Matching stainless steel appliances [ ] Yes [ ] No Refrigerator included [ ] Yes [ ] No Home has granite counter tops [ ] Yes [ ] No Home features a 2 story entry [ ] Yes [ ] No Home sits on a desirable cul-de-sac lot or similar lot [ ] Yes [ ] No Home has a finished basement [ ] Yes [ ] No Home has a walkout basement [ ] Yes [ ] No Home has neutral matching décor [ ] Yes [ ] No Home has great curb appeal [ ] Yes [ ] No Seller has pre-ordered an appraisal [ ] Yes [ ] No Seller has pre-ordered an inspection [ ] Yes [ ] No Seller is offering a Home Protection Plan [ ] Yes [ ] No No required contingencies are involved [ ] Yes [ ] No Seller will complete obvious repairs [ ] Yes [ ] No Seller has signed the Saleability Checklist [ ] Yes [ ] No
We just listed a ranch home in Olathe, Kansas that had been on the market for over a year with several real estate agents. After doing the Salability Checklist and sharing with the seller, we got an accepted contract within 30 days.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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Question: The REALTOR selling our home is also the Realtor for the new home subdivision where our new home is being built. Is the Realtor going to make commission off of both sales? The reason why I'm asking is they're doing nothing to sell my home other than placing a sign in the yard and placing it on MLS. Can we ask them to lower their real estate commission? Jerry T. from Overland Park, Kansas
Answer: Jerry, if you're under a contract with your Realtor for selling your home, you have already agreed to the commission. As for the purchase, the builder on that side is the one paying the commission so you don’t have the ability to change that one since you are the buyer. You can always ask for a change in the amount being paid – but if you signed a contract the Realtor may hold you to that.
It is common for new home real estate agents to not aggressively market their resale listings. They owe their time and marketing to the developer of the subdivision. When selling a home, I always recommend reviewing your options BEFORE you sign on the dotted line.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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According to the monthly RE/MAX Insights Report, real estate agents say that 1 in 5 home buyers pays cash for their homes with an average cash discount of 15%.
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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According to the monthly RE/MAX Insights Report, 34% of the home buyers are first time home buyers and 33% are home owner's who are upsizing or downsizing.
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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According to the monthly RE/MAX Insights Report, 60% of the real estate agents survey say mid range home sellers are getting slightly less to full price on their homes.
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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According to the monthly RE/MAX Insights Report, 27% of the real estate agents survey say high end home sellers are getting slightly less to full price on their homes.
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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