Kansas City Real Estate Overland Park Homes

Selling Your Overland Park Home in today's market

For most of the year, we've heard from the media that the real estate market in Kansas City and across the nation is definitely declining and is saturated with homes for sale. That is definitely the case. We have more inventory than we have had in years. If you are considering selling your Overland Park home, it is so important to understand pricing a home today. Price and condition are critical! It's understandable every seller wants the best price for their home! No one ever feels that their home's worth is less than their neighbors. But if the seller isn't listening to what the market is dictating, than it is a road to frustration & distress.

For the first time in years, we are beginning to see appraisals come in lower than the sales price for homes in Kansas City and Johnson County. We all know that a home is worth what a buyer is willing to pay for it. But many appraisers are not giving full value to updated features, amenities and other considerations. So now you have to prove to the appraiser of the value also.

So when pricing your Overland Park home, you have to scrutinize the comparables in the neighborhood, market conditions & other properties that are available. Many sellers in Kansas City feel that they have to TRY a price for 30 days and then adjust it. By then, your best time on the market is gone! When a home first comes on the market, it will bring more excitement & interest. Buyers are looking for great value today!! So price your Overland Park home just below market value. Therefore, offering more value - that is what's important to the buyer!