Showing posts with label kansas city real estate listings. Show all posts
Showing posts with label kansas city real estate listings. Show all posts

How to Handle Multiple Offers



Want to buy a Kansas City Home? 
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Want to sell a Kansas City home? 
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 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. 
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!

Should I Sell My House or Buy the Next One First?



Click here to find out what your home is worth or to search all area homes for sale.

A lot of my clients want to know how to buy. Should you sell your current home first and then make an offer? Or should you buy and pay two mortgages until you sell your current home?

There's a few different things you should consider to find out what's best for your situation. If you want to buy your new home before you sell, you will have to pay two mortgages. Are you willing and able? Even if you are, lenders do have some requirements.

Lenders look at debt to income ratio, debt to equity ratio and cash flow. Some lenders also require 20% equity in both the homes combined. If you buy a home for $100,000 and your current home is $100,000, you will need $40,000 in equity.

You should also consider whether you are making a logical or emotional decision. Do you need this home or did you just fall in love with it during the walk-through?

If you have questions about whether to buy or sell first and which is best for your situation, please give me a call. We can set up a time to talk!

How to Price Your Home



Pricing is the #1 element in selling your home. Sellers ask us how they should price their home.

It's important that your marketing expert educates you on what's happening in the market. Are there other homes out there like yours? What are they pricing and selling at? That's our job.

We also look at what your appraisal value is and what the supply and demand is for homes similar to yours. How do we do this?

We determine the absorption rate. That means seeing what the supply is for homes similar to yours compared to how many buyers are out there. This figure will help us determine how quickly your home will sell.

It also tells us how to price - whether it's more aggressive or maybe you can ask for more money.

I hope you find this helpful; if you have any questions about how to price your home, please give me a call.

Thanks for watching!

5 Ways to Get Your Home Ready for the Market



Thanks for joining me today! Lately, I've had a lot of people ask me how to get their home ready for the market. If you're thinking about selling your home, give us a call. We will gladly  come in and give you a free market evaluation. That way you can see what your home is worth and what you can do to improve it. Here's five tips to help improve your home.
  1. Look at your home through the eyes of a buyer - Start from the outside of your home and walk through it with a critical eye. What does your carpet, walls, trim, counter, etc. look like? This can help you see what a buyer will see when they look at your property. 
  2. Professional Stager - We bring in our professional stager to get your home in the best showing condition. She knows how to get you the biggest bang for your buck. 
  3. Get a pre-inspection - We recommend getting your home inspected before you put it on the market. This way you can fix all those potential deal breakers for a buyer. 
  4. Get an appraisal - Just like a home inspection before listing, we also recommend an appraisal. 
  5. Get your home in tip-top condition - Make sure the paint isn't chipping, the carpet is fresh, etc. This makes a tremendous difference.
If you have any questions, please give me a call. Let's figure out how to get your home ready for the market.

4 Reasons to Sell During the Holidays



Welcome back! The holidays are here and that always brings the question whether now is a good time to sell or not. There’s a big misconception that the winter months aren’t a good time to list your home, but that simply isn’t true.

There are actually four great reasons why you SHOULD list your home.
  1. There’s lower inventory - Because so many people believe the misconception that now is the wrong time to sell, it means there is less competition for you.
  2. Buyers are more serious -  The buyers that are looking during the holidays are have-to-buy buyers. We find most people who are relocating for jobs look during the holidays. They have time off too to look. 
  3. Homes look great - Who doesn’t love holiday lights and decorations? The buyer often can become emotional when seeing homes like this.
  4. We can arrange timing - You may be worried that you’ll have to move right during the holidays, but you typically have 45-60 days of escrow, so you can enjoy your home for one last holiday!
These are four great reasons why you should list your home now. So give me a call and we can get started marketing!

Thanks for watching!

Kansas City Fall Real Estate Market Update 2013



Welcome to my video blog! I wanted to give you an update about what’s happening in our real estate market. Despite the recent increase in interest rates and the government shutdown, we haven’t seen any dramatic changes other than the typical seasonal patterns.

It’s a great time to sell. Depending on your location and price range, absorption rates do vary, but they are all very good.

It’s a great time for buyers as well. Interest rates are still historically low and if you have good credit and 3.5 percent down, you’ll be able to get a great loan.

With the government shutdown we do expect a slight slow down in the amount of closings. We have yet to see any changes take affect, though.

If you have any questions or are ready to buy or sell, please give me a call at 800.686.5088 or send me an email at chip@chipglennon.com

Thanks for watching!

How to Catch the Eye of Your Buyer - Online!

 

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When about 84% of home buyers start their search online, you know you need to have an Internet presence in order to sell your home!

But that presence needs to have a professional appearance! You can’t simply slap up casual photos or boring videos. They won’t do the “sell” job for you. So, here’s some advice on how make your property as attractive as possible on the Internet.

Guideline 1: Hire a Professional Photographer or Find a Realtor Who Uses One!

There’s simply no substitute for high-quality photos of your property, inside and out. And, frankly, most of us just can’t reach the level achieved by a professional photographer. So, use the services of one to make your house stand out.

He or she should take several photos inside and out, highlighting the most attractive features of the home. Of course, get shots done on sunny days and be sure to include photos of the most important areas of the house; i.e., kitchen, a bathroom, dining room and a bedroom. 
Then post the best photos (or have them posted) on an easily accessible site. It’s important to have a number of them online since potential buyers will pass over a listing with just one or two photos, feeling that they’re not getting enough information.

Guideline 2: Hire a Professional Videographer or Find a Realtor Who Uses One!

Video tours of your home are a great marketing tool. They’re dynamic and interesting to viewers – if done correctly. Also, such tours are very attractive to younger buyers who are familiar with such sites as YouTube.

I’m not saying you can’t film a video tour itself. In fact, it’s very easily done with YouTube. But, you need to ask yourself, “Do I have the talent for this?”

If you don’t and film a tour, then, frankly, the results can look very amateurish and may well end up turning off buyers who have high expectations of the videos they see online!

So, I recommend working with a professional videographer or with a realtor who has access to one. The money will be worth it. Of course, check out the videographer’s credentials first and ask for samples of their work. They should be able to send you to their own website where those samples are posted or to real estate listing sites on which their work is displayed.

Guideline 3: Work with a Realtor Who’s Knowledgeable about Social Media!

If you’re not familiar with the term “social media,” it refers to free Internet services like Facebook,YouTube, Twitter, etc. where people go online to socialize and get their messages out. A savvy realtor will link your video tour and photographs to all these sites, thus increasing the pool of potential buyers for your property and, again, tapping into a younger audience who may be the ideal customers for your home.

Need to know more about how to make the most of your Internet listing? Contact me immediately!

How to Make a Buyer WANT Your House! Staging your house, before it’s too late and you lose the sale

 
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If you’ve shopped for a home, chances are you’ve come across one that you really wish you hadn’t visited in the first place. True, houses for sale ought to have a certain “lived in” quality to them, because they are to be lived in after all, but the art of tactfully balancing just the right amount of hominess with neutrality is not so simple. You need to know what you’re doing when you prepare to set up your house and show it to potential buyers. We’ve put together some great tips for home-sellers so you can get the same results you’d get by hiring a professional staging company.

Fix Up the Place


One of the biggest mistakes homeowners make before putting their house up for sale is to neglect areas in the house that need attention. Folks, don’t leave that faulty step unrepaired, only for a potential buyer to step on, slide off of or worse, get injured on – FIX IT! You might think potential buyers won’t notice but they are walking around on your premises like hawks, noticing each little detail. The good news is that they are noticing the first-rate stuff too, so as long as you have the home’s amenities in order and other major areas in tip-top condition, you should be in good shape. Here’s how:

Get Rid of the Clutter

If you want to successfully sell your house, you need to get those potential buyers to imagine they already live there. Too much clutter, hobby-oriented items or personal possessions that most people may not be able to identify with, can easily get in the way of that vision. Organize things in stylish storage bins or better yet, have a garage sale before the open house and get rid of unwanted stuff. You have to move soon anyway, why not kill two birds with one stone? A clean and organized home will seem like a clean slate to buyers, who can then see themselves moving in without much hassle and settle in effortlessly.

Stay Neutral

Skip the tie-dye sofa cushions, shaggy 70s rug and don’t light incense on the day of your open house. While you’re at it, don’t fill the space with gender-specific things either. Buyers should walk into a neutral ground – literally. Light to medium colors, preferably in beige tones, are the simplest way to pull buyers’ attention away from other personal aspects of your home that they may not be able to identify with. Beige goes with almost anything so if someone considering purchasing your home can imagine their things in the space, then you’ve just crossed one of the most major hurdles in home-selling – making a buyer identify with the home.

Make It a Modern, Inviting Environment

If you don’t already have them, invest in a few modern decorative accessories to improve the look of your space while lending an air of style and taste and making it more enticing. It doesn’t have to take much but depending on how you set it up, you can enhance a given space with a few simple additions and deletions. Take your over-crowded study and rearrange the bookshelf to display only a few strategic but essential books, like a leather-bound set of encyclopedia or some literature classics. In the same way, leave a few children’s toys in a child’s room but be sure to display them tastefully.

Put a Few Finishing Touches in Place

The idea is that you want your house to be sold – and you probably want it sold fast. If you are careful to respect the people who are visiting your space to decide whether it’s the right one for them, then you are doing something that a lot of homeowners neglect to consider. Taking down a piece of controversial artwork that may make a potential purchaser uncomfortable could be the one bargaining chip that could make or break the sale. Arranging for all those who currently live in the home to be away during the open house and while showing the house being dressed in a way to present a good impression are also great ways to tip the scales in the right direction.

It’s very simple. You need to make the potential buyer feel right at home from the get-go. If from the moment they walk in and smell cinnamon cookies baking makes them wish this was already home – then you’re already two steps ahead and can call the open house a success! Of course, a signature on the dotted line is where the real success lies and as long as the buyer feels at home, chances are that if everything else lines up – the sale is a winner!