Kansas City Real Estate Network

Question: We no longer trust our Kansas City real estate agent. We paid $500.00 upfront for the services of a Realtor to sell our Overland Park home. He never called us and we noticed last night that he took our home off the market, without our consent. How can we get our upfront money back and get out of this listing nightmare? He says our ...

Question: Despite the real estate market turnaround, I'm getting no offers on my million dollar home. I need to relocate to Dallas. If I don't sell, I will need to rent it. Is there a market for rentals of million dollar homes in Kansas City? It just seems that Kansas City luxury home buyers want new homes. Janice H. from Kansas City Answer: ...

Question: I have a million dollar home in Kansas City. I have had 5 REALTORS tell me the past month that it will never sell for what I want out of it because it has metal siding. Should I replace the metal siding with stucco as suggested in order to sell? Darlene and Pat D. from Kansas City Answer: Great question, Darlene and Pat. For some ...

Question: What are the reasons that Kansas City homeowners are opting for Short Sales? Have they lost their jobs, gotten their hours cut.. or had an adjustable rate mortgage?  Jamie F. from Kansas City Answer: Great question Jamie. In order for a bank to accept a short sale, the homeowner will need to demonstrate a financial hardship. ...

Question: We made an offer to purchase a luxury home in Kansas City. Everything seemed to be proceeding well until a day before our inspections. We found out through the tenant that they are suing the owner of the property due to unsafe living conditions because of mold. Now the listing real estate agent wants us to sign a release for the ...

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 ...

Question: I just filed for divorce. Can I use my VA eligibility to buy a home in Shawnee, Kansas. Joe L. from Shawnee, Kansas. Answer: Great question, Joe. You can use your VA  eligibility  to buy a home in Shawnee, Kansas when you have determined that you have full VA  eligibility,(meaning that you are currently ...

Question: I was recently contacted by mail from the Litigation Law Group out of California offering to reduce my house payment and lock in a low interest rate. I am currently not behind on my mortgage. I called them and after answering a few questions about our finances a representative called me back in less than an hour and said they could ...

Weekly, I receive depressing emails from Kansas City homeowners who have never wondered why they should do a short sale versus having their Kansas City home foreclosed on.  Many of these homeowners write with great emotions, frustration and and irritation about how their banks  have messed around with them for months and still never ...

Question: Can a Kansas City Realtor help my family find a house to rent to own. We are desperate and do not know the best way to find a home in Kansas City. Last year was an unfortunate year with a sudden illness, my husband lost his job and a bankruptcy. I have a stable fulltime job for over 14 years as a Physical Therapist with a very good ...

How long should you list your Kansas City home for sale with a Kansas City real estate agent and who should I choose to list my Kansas City property for sale with this spring? 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, ...

Question: I'm a real estate investor who bought many properties in Kansas City. In the past, I have been able to use my real estate agents login information to search properties on the Kansas City MLS. In the past 6 months, I have found fewer and fewer real estate agents who are willing to lend me their MLS login information. I have found a group ...

Question: I hear that in areas like Las Vegas, NV and Phoenix, AZ over half of the sales are cash sales. Is that the case in Johnson County, Kansas? How about Kansas City? Jim K. from Shawnee, KS. Answer: Great question, Jim. In areas where over 50% of the real estate inventory is distressed I would expect that over 50% of the real estate ...

Question: Is this a good time to sell my Mission, Kansas home and move south? I maybe looking in Louisburg, Spring Hill, and Paola. Carol M. from Mission, Kansas Answer: Currently there are 24 homes that are under contract in Mission, Kansas and there is a 5 months supply of homes for sale in Mission. Generally, this means it is a sellers ...

Question: There is a home in my Overland Park neighborhood that I have been keeping an eye on. I found out from the neighbors that it is a foreclosure. Yesterday, I noticed a piece of paper taped to the front window with a real estate agents name on it. I called the real estate agent and she told me that it is a REO property and it won’t ...

Maybe you’re one of the lucky ones when you moved into your Kansas City neighborhood. Once your neighbors saw the moving truck they arrived at your door steps with ribs, casserole and apple pie. If that wasn't the case, how do you meet your neighbors? As a 22+ veteran in real estate in Kansas City and having seen many family move, I have some ...

Question: I'm thinking of selling my home in Kansas City, Missouri. All 5 of the real estate agents I have interviewed have said that the schools are affecting the value of our home. Approximately how important is the quality of the schools to potential home buyers buyers?Larry J. from Kansas City, Missouri Answer: Thanks for the ...

Question: I am purchasing a single family foreclosure home in Kansas City that is bank owned. According to neighbors, the home that has been vacant for a year and a half. The bank accepted my offer and I submitted an earnest check in early November, 2011. A clear title seems to be the delay. My question is do banks put homes on market without ...

Question: Hi there – I was wondering what “Active, Backup and Pending” means in the status category on real estate listings in Kansas City?  Becky, Olathe, Kansas Answer: Thanks for the question, Becky. I hope this helps. If you need additional help, feel free to contact me. Active = Property for sale, a home buyer can still ...

Question: My Chapter 13 has been discharged for six months and I have a 704 credit score (avg.) with a debt to income ratio of 28%. As such, can I qualify for a Mortgage to buy a home in Kansas City? If so, where should I look for a mortgage? Thanks. Charlene, Kansas City Answer: Unfortunately, Charlene, I'm going to be the bearer of ...