Kansas City Real Estate:  How do I price my home?

I was sitting with one of my sellers the other night.  One of the questions came up, is what can I do to get my home sold fast?  Of course, we discussed price and condition. Both are equally important!  As I had informed them, quality homes are still command top prices, but sellers need to adjust to the market and some are making common mistakes. One of the common mistakes is to build in room for excessive dollars in the price for negotiating, which many times puts them out of the marketplace. Many Kansas City sellers comment, “My neighbor got this price last year and I have a better home.”  Of course, but that was last years market.  Instead, they need to understand the dynamics of today’s market. One of the concerns is that many use just neighborhood sales.  Well, that is great.  But I also bring information on what is selling in the area, our competition.  Many homebuyers don’t just look in a specific subdivision for a home.  But instead, will look in an area.  The seller needs to understand the competition that is out there.  How does their home show value compared to others?  That is exactly what Kansas City home buyers are doing.  Looking at value!  We want our sellers to have a realistic expectation upfront, because this can mean the difference between a quick & profitable sale or a slow and costly one. This is especially important right now as our spring market continues to heat up!

Listen to our podcast on the market conditions in Kansas City!

Kansas City Real Estate Market Update

Our Kansas City real estate market is in full bloom this late spring!  There’s activity out there, especially with the first time home buyer. They’re trying to capitalize on what’s left with the 3% down payment programs.  The hottest activity is the price range in Johnson County homes is the $160,000-180,000 price range.  They are selling 20% of the resale homes available.  Then the move up buyers in the price range of 200,000-250,000 had 18% of the market sold in the month of April. Currently the average of 13% of the Kansas City real estate homes were selling in April. With 36% of those Kansas City homes sold, in less than 30 days.  So value is still king!  Offer great condition and good pricing, you should see an offer!

Listen to our podcast on the market conditions in Kansas City!

Kansas City Spring Homes Tour

We know its spring time when the Home Builders Association puts on their annual spring home tour in Kansas City!  It’s always so wonderful to look at the new decorating ideas & to see the wonderful homes for sale in Kansas City along with the new trends.  This is their 46^th annual parade, with over 320 homes available to view between the hours of 11am & 6 pm. The homes are scattered around the eight counties surrounding Kansas City. Homes for sale in Kansas City that are on the Parade of Homes Tour range from $100,000 to $2.6 million.  You’ll have the chance to view the American Dream Award, which are held in conjunction with the Parade of Homes.  The homes that are entered compete in categories determined by price, housing styles, & I believe energy efficiency.

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Fabulous 2 Story in Gleason Glen Subdivision Lenexa KS

Looking for a newer home in Johnson County that offers value?  You’ll find this wonderful 2 story home in Western Lenexa in Gleason Glen subdivision. It’s traditional style but with the flair of contemporary casual lifestyle.  From the moment you enter the 2 story foyer, you’ll feel right at home in this Lenexa property. To the right of the entry hall, a large dining room is large enough for those family dinners that boast space including the bay window area.  Once you walk thru to the Great Room, you’ll enjoy overlooking the backyard!  You can’t help but notice the fabulous privacy and treed areas adjacent to the backyard. Where can you find that in Johnson County?   So you’ll be ready to come home each night to the peaceful lifestyle of watching nature at it’s best from the deck or from the comforts of your Great Room and kitchen area!

For further details check out the other extra features of this Lenexa Kansas home & print the flyer.  Call us to experience the walk thru and view the inside of this Lenexa home for sale 913-312-3614. 

Kansas City Real Estate Market Update for Feb 2008

Our Kansas City real estate market has definitely seen some changes! But there still is a fair amount of activity out there, especially with the first time home buyer.  They’re trying to capitalize on what’s left with the zero down payment programs.  The hottest activity is the price range in Johnson County homes is the $120,000-140,000 price range.  They are selling 20% of the resale homes available.  Then the 140,000-160,000 price range is selling about 16% of the resale homes.  Of course the 160,000-180,000, 14% of the market is selling. Currently the average of 10% of the Kansas City real estate homes were selling in Feb. With 27% of those Kansas City homes sold, in less than 30 days.  So value is still king!  Offer great condition and good pricing, you’ll find an offer.   

Listen to our podcast on the market conditions in Kansas City!