How We Helped Heather Quickly Sell Her Home
"Glennon Real Estate Experts sold our house quickly after it had been on the market 6 months with another agent. They had very good results, and knew exactly what to expect. Both Chip, Amanda, and Will knew the procedures extensively. If we called, they called us back. If we had questions, they either answered them or found them out within a 24 hour time period. They went above and beyond what was expected!"
- Heather Cummings, Home Seller
How We Helped Kathy Sell Her Home
"They got the house sold! The money I got from the house was great and everything went without a hitch. They went above and beyond on everything. I always felt like I might have been their only client!"
- Kathy Barabary, Home Seller
How to Handle Multiple Offers
Right now, we're
seeing a lot of multiple offers, which is great news for sellers. When we market a brand new listing, we
build a lot of anticipation. Buyers will sit on the listing and wait for it to
hit the market. If we price the home at a sweet spot, then that home will get
multiple offers, sometimes in less than a week.
Some buyers may think
that the only way to win in a multiple offer situation is to offer more money. However, nowadays contracts are 40 to 50
pages long, so there are plenty of opportunities for negotiation. For example:
- The closing date - Being flexible on the closing date is appealing to sellers who may be looking for a home themselves.
- The earnest deposit - Increasing the earnest deposit shows that you are serious about your offer, which is good news to sellers who need to close.
- Inspection dates - Being flexible with inspection dates - or even foregoing certain inspections - will also make your offer more appealing to sellers looking to close on the property.
These are just a few options, but as you can
see, there are other things you can negotiate besides purchase price. However,
in this market, buyers absolutely need to be pre-approved. If you're working
with someone who allows you to shop without a pre-approval, then you have been
set up to fail.
Other things to consider when looking for a
home are your expectations for your new home, what your time frame is for
purchasing, and how much your payments should be. Once you've
determined those three things, you can get serious about finding a home.
If you have any questions about today's video,
give me a call or send me an email. I look forward to hearing from you!
Avoid These Common Kansas City Home Buying Mistakes
Today, we want to warn you about costly
mistakes that home buyers make here in Kansas City.
There are a lot of things home buyers need to be weary of in the
home buying process. One of the biggest mistakes people make is going out and
hiring any Realtor to find them homes, without doing their homework and finding
an agent who will get the job done right. Most agents obtain their license
online with no actual real estate experience. In fact, the average agent in the
Kansas City area sells less than seven homes per year!
It's crucial to get an expert advisor; someone who really knows what they're doing. There are a lot of Realtors out there, but there aren't a lot of expert real estate advisors out there!
Another big mistake home buyers make is getting too emotionally
attached to potential homes. When looking at homes, you need to separate facts
from emotion. A good advisor will help keep you objective and really look at
what the dollar value for you will be. They also make sure you are careful in
crafting the terms of any offer you want to make. In other words, home buyers
often fail to protect themselves and get taken advantage of in the process.
One mistake we often see buyers make is getting a lender without
accountability in the process. A lot of people just jump online and get
approved by a large bank and have no relationship with their actual lender.
Many people don't realize how helpful personal, face-to-face service can be
during the buying process.
We sit down with each and every buyer and go through the entire
home buying process, covering each step along the way where decisions need to
be made. This gives our buyers reasonable expectations and makes the process a
whole lot smoother and stress-free. If you have questions about how we can
guide you through the process, or if you need real estate assistance of any
kind, please don't hesitate to reach out. We are always here to help!
Are We in a Buyer's Or Seller's Market in K.C.?
A lot of people have been asking us lately if we are in a
buyer's market or a seller's market. This is a two-fold question, because real
estate is hyper-local, and the type of market you are in really depends on the
price point and the area.
For most markets around K.C., we are in a seller's market right now. It doesn't hold true at every price point, but for the first time in many years we are seeing sellers benefit greatly in our market. Some areas have just 1 or 2 months of inventory and in those areas, you can get a lot more home right now than you could in the past.
I don't really see this seller's market changing over the next few months. Inventory is so low, we are going to continue to see strong price gains in the near future, probably 3-5% a year!
Mortgage rates are still historically low, significantly lower than they have been throughout history. You don't want to miss this opportunity to lock in a long-term rate at such a low price. Your window of opportunity is closing, so I recommend you make haste and get ready to take advantage of these conditions!
If you have any questions for us you'd like to submit, let us know. We would love to talk about it on our next video! Have a great day!
How We Helped Don Sell His Home Using Our Great Communication Skills
"They were good! We sold the house in less than two weeks. The customer service was good. The agent, Will Ward, was really good. It was an easy sale for us with him. Any time I text him, he texted me right back. His communication was pretty impressive. I think as whole, the entire team did well!"
- Dpn Nethicumara, Home Seller
What You Should Know Heading Into the Spring Real Estate Market
This year we're expecting a lot of millennial buyers to enter the market. It has been projected that 46% of all home buyers in 2015 will be first-time buyers. This is great news for our market in Kansas City, and we're expecting a surge of activity from this demographic.
Other good news is that down payments have become more affordable with new loan products from Fannie Mae and Freddie Mac that only require a 3% down payment. USDA and VA loans are also very affordable options if you can qualify for them. We can refer you to really great loan officers to find you the best possible deal.
We're also seeing a much more balanced market in Kansas City than in the last 5-7 years. The market has heavily favored buyers in the last few years, but we're seeing some change now. In some of the upper price points the market still favors buyers, but overall we're seeing a neutral market in the Kansas City area.
If you're serious about entering the market to purchase a home, be sure to contact our team and we can analyze the market and show you the absorption rates for the homes that you would like to buy.
We would love to serve you! Contact us today if you're interested in buying a home!
How Can You Prepare Your Home For a Quick and Efficient Sale?
There are a lot of different things you can do to prepare your home for a quick and efficient sale, but in the competitive real estate market we're seeing in Kansas City you might need some extra help to get your home market-ready.
- In order to prepare for a sale you will want us to come out and assess your home's unique selling position. Each home is different, and we need to create a marketing strategy and good price for your property so that we can attract the right type of buyers.
- The next thing that you'll want to do is stage your home so that it feels inviting to potential buyers. This includes cleaning, decluttering, repainting, and rearranging your home. We have a wonderful stager that can help you in this process.
- After your home looks good, we'll send our professional photographer out to your property. Good presentation is really key in today's real estate market because most buyers look online for homes, so you really only have one chance to make a good impression.
- We've seen some healthy appreciation in this market (2.5-3% increase in home value), so we need to take that into account when we price your home. There will be a strong demand for homes this spring with low interest rates and great new loan products from Fannie Mae and Freddie Mac. In a seller's market that we're seeing right now, there is not a whole lot of danger in pricing a home too high, but your home may sit on the market for a little bit longer.
Hopefully this can help you going into the spring selling season, and if you have any questions in regards to this information, please don't hesitate to contact me. I'm always willing to assist you!
How is Keller Williams Helping Us Serve You?
For the last 10 years, we have had a fantastic relationship with Coldwell Banker real estate and it's been a fantastic run. However, it's time to switch things up, so we can better serve you, our clients.
As of February 1, 2015, we are going to be affiliating with the biggest and fastest-growing real estate company in the United States and Kansas City, Keller Williams. We couldn't be more excited!
We looked over all our options, and KW stood out to us. We thought they provided us with the best resources, tools, technology and training to be able to sell your home in
We are very excited about all the opportunities that joining Keller Williams will offer us in coming years. We are ready to get out there and are looking forward to making 2015 our best year yet!
If you have any questions, or would just like to talk, come by and see us or just give us a quick call or email. We will see you soon!
How Can You Sell While Everyone Else is Buying?
Lately, a lot of our clients have been asking the same question: How do I take advantage of a buyer's market if I am a seller? Today, we aim to answer that question. The first thing you should address is if now is the right time for you to sell. Just like any other kind of market, the housing market has ebbs, flows, and cycles. When you are buying or selling a home, the number 1 factor is your life. Timing the market around a promotion, a child, or any other life event is tough. We want you to get the best deal possible, without sacrificing things in your life.
Next, you need to position your house to bring in the most money. There are a number of things this could entail, but we would say fresh paint and carpet are on the top of the list. You want to make those investments that will bring you a greater return than what you put into them. We want you to invest 1 dollar, and get back 7 or 8.
As a buyer, sometimes you can offer a faster closing date or higher earnest deposit to get ahead in a strong seller's market. Those little strategies help you beat out other buyers with agents who may not know these tactics.
Thanks for taking the time to read our blog. If you have any questions for us at all, feel free to give us a call or send us an email. We can't wait to hear from you!
What Do You Do When You're on the Wrong Side of the Market?
Looking to buy or sell a home in Kansas City? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You
may also call us at 1-800-686-5088 for a FREE home buying or selling
consultation to answer any of your real estate questions.
We receive questions all the time concerning current market conditions and how they affect people in different situations. Whether you're buying or selling, if the market isn't balanced, there is a chance you could be on the wrong side of the market. Is there any hope? What can you do about it? Today, we want to give you a few tips on how to make the most of these situations:
- If you are selling, you could consider taking advantage of a 72-hour cash offer guarantee. We work with investors who can provide you the liquidity you need to purchase that perfect home once you find it. That way, you don't have to wait until your home is sold before taking action in the market.
- Our guaranteed home sale program has helped a lot of people get their home sold quickly so they can buy the next one. If we don't sell your home in 90 days, we'll buy it!
- We have a reputable, time-tested system for knowing what it takes to get a home sold. Traditional real estate marketing is unpredictable - will your home sell in the summer, or over the holidays? When you move will be a function of the location of your home, how well it's marketed, what the condition of your home is, and how well your home is priced. If these factors align, your home will sell quickly and for top dollar. We have access to the necessary data to help you sell your home when you need to sell it.
- You can always move somewhere temporary until your home sells. However, this can be incredibly taxing on a family. You may have to move as many as three times and it could cause a lot of tension. Make sure you are in a situation that allows for you to do something like this, as it is a big decision.
We're familiar with the many stresses of having to sell your home and move into a new one, and we understand how difficult it is to time it right. Because we've done this many times, we would love to help make the experience as smooth and stress-free as possible. If you would like to work with a team that can help you come up with solutions to help you meet your goals, give us a call today!
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