Kansas City Real Estate and Community News

Does a foreclosure in my Kansas City neighborhood affect my homes' appraisal...Two distinct markets? Part 2  In part 1, we discussed why appraisers are having so much difficulty determining the affect of a distressed property sale on the values of surrounding homes... Still, the buyer is paying a premium not to have to deal with the ...

Does a foreclosure in my Kansas City neighborhood affect my homes' appraisal? Part 1   According to USA Today, across the country, agents and home builders are complaining too many appraisals and appraisers are coming in low, canceling deals. The National Association of Realtors says nearly one in four of its members has reported ...

Does a foreclosure in my Kansas City neighborhood affect my homes' appraisal...Two distinct markets? Part 2  In part 1, we discussed why appraisers are having so much difficulty determining the affect of a distressed property sale on the values of surrounding homes... Still, the buyer is paying a premium not to have to deal with the ...

Does a foreclosure in my Kansas City neighborhood affect my homes' appraisal? Part 1   According to USA Today, across the country, agents and homebuilders are complaining too many appraisals and appraisers are coming in low, cancelling deals. The National Association of Realtors says nearly one in four of its members has reported clients ...

The U.S. Treasury Department on Monday released a plan to speed up and encourage Short Sales as a means to help families avoid foreclosure. We've been offering Short Sale proposals to public officials for over a year, and although the new guidelines aren't everything we were hoping for, they do represent a significant improvement over the ...

Choosing the WRONG Olathe Real Estate Agent could COST you thousands! This past weekend I received a phone call from a Olathe homeowner who chose another real estate agent to sell their home. I met this homeowner back in March and they were in a difficult short sale situation. They were not able to keep up on the mortgage payments and so they had ...

Wow.  Where we live and how we live....What drives us?  Are we, each of us, the sum total of our credit scores?  These scores affect our ability to rent a car, acquire and keep property and casualty insurance...open a bank account...and for 32% of all employers, the ability to choose the "best" candidate for the job. ...

In his work, Conspiracy of the Rich, Rich Dad entrepenour, Robert Kiosaki, discusses the fact that during our current crisis on Wall Street, wealth didn't evaporate, it just changed hands....WHAT DOES THIS HAVE TO DO WITH REAL ESTATE? Your equity, your value, may come back....If it does, and that's a big if, respected economists are ...

...So I took her out to a famous Scottish restaurant, MCSomethings, for an orange juice and some quiet time....While we're sitting there, the guy next to us is reading the paper and telling his wife...Not to worry, they can refinance or get a loan modification, after all, there is an ad in our local paper that offers some really incredible ...

[photo:listing:2330800] Huge 5 Bedroom Home • 2,434 sq. ft., 3 bath, 5 bdrm single story - $205,000 - Incredible Price Round Hill, Overland Park  -  Where else can you find an Overland Park 5 bedroom home in a subdivision with a full country club. The country club includes an inground pool, 5 tennis courts and a kids play ...

...Martin, what are the primary advantages for buying a home?" Chris and I get the question all the time...."Should I buy or rent?"  The answer is simple, maybe. There are three primary reasons to buy.... 1-Mortgage Interest Tax Deduction 2-First-Time Homebuyers Assistance, $8000 Tax Credit 3-You are sick and tired of ...

NBC Action News wanted to hear the skinny on the real estate market....might be worth listening to?  http://www.nbcactionnews.com/content/financialsurvival/local/story/Is-the-Housing-Market-Making-a-Comeback/SUYIn0HD7kqOMHj76L92jQ.cspx If you'd like to hear some of the good news....Should we talk?   

...offerred to reduce my principal balance by $20,000 when I refinance my mortgage with them." I told Janet she can't afford to pass that up.  Janet is selling her Lees Summit home with us and has been working hard to reduce her principal balance, as the mortgage note ws substantially higher than the fair market value....We spoke ...

I'm standing in line at my tennis club last Thursday, (yeah, OK, sniff sniff, just tennis courts)....Guy in front of me is interested in buying a home, but wants to wait for rates to go down...further.  Huh? Wow.  "Go down further"....Interest rates are at near 40 year lows for 30 year fixed mortgages. ....And home prices ...

As Chris wrote to many of our clients, the answer sounds a lot like a contradiction.....With foreclosure rates falling in Kansas City, interest rates also falling, prices still falling....a little.... Sounds like "blue sky" to me....The truth is...Messy, complicated....Our market is still strong for sales as well as purchases, and ...

Recently I wrote regarding the bottoming of our real estate market, and the corresponding dip in interest rates....Let's see, low housing costs, as well as low interest rates; HUM? And many of you questioned whether or not this is a good time to buy.... When WE answer, it sounds self-serving, so I thought I'd publish a consumer's ...

We often have clients report to us that their neighbors, "....sold their homes for way above market price....", and find out later that someone lied to them. Yep, their neighbors, their friends, lied to them. Amazing. Many sellers are shocked to find out they are not the only people on their block who are facing tough ...

Lenexa Real Estate Foreclosures Lenexa, Kansas foreclosures are at an all-time high, yet property values continue to increase.....Can both be true? Absolutely!  Though property values have not increased as quickly as we would like, the door is wide open for Buyers to secure great deals on purchases, while savvy Sellers, utilizing the ...

As a Loss Mitigation Consultant, I accept assigments from mortgage companies to help in the communication process with their clients who are late on the mortgages. Typically, the mortgage company request new financials and depending on the circumstances, I am allowed to make recommendations to the client. Possible options include requesting a ...