Prairie Village, Kansas Luxury Home Real Estate Stats - The average Prairie Village luxury home was listed for $690,642 and sold for $649,583 in 114 days.

Prairie Village, Kansas Luxury Home Real Estate Stats

Over the past 6 months 5 luxury homes have sold in Prairie Village, Kansas. A Prairie Village Luxury Home is considered a home that is listed for over $500,000.

The average Prairie Village luxury home was listed for  $690,642 and sold for $649,583 in 114 days.

The most expensive luxury home in Prairie Village was listed for $1,050,000 and sold in 209 days for $989,500.

Thinking about buying a Prairie Village luxury home? Contact the Dowell Taggart Team for your Prairie Village luxury home real estate needs.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

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Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.

How has the FHA Changes in 2009 Affected Condo Complexes in Prairie Village, Kansas?

In 2009, the Federal Housing Administration, or FHA, changed the loan approval guidelines for condominiums. The change made many of the condo complexes that once were FHA approved no longer qualify for eligibility — making it harder for Prairie Village, Kansas condo sellers to sell their condos because there are fewer buyers for their condos.

Part of the FHA changes for condos is that the condo is required to re-certify every two years. The series of revisions made in late 2009 were put in place to reduce the risk of losses from foreclosures or delinquencies.

The changes have prevented thousands of condo developments across Prairie Village, KS. from reapplying for, or obtaining, certification.

Condo sellers and buyers all over Prairie Village, KS. are extremely frustrated. 

It is ironic that the FHA condo program was first developed to stimulate the housing market during the Great Depression by insuring mortgages against borrower default. FHA-backed loans also allow buyers to make a downpayment as low as 3.5% on condos, unlike traditional conventional mortgage loans that may require a condo buyer to make a 20% down payment.

During the recent recession, FHA has moved to restrict risky mortgage loans due to higher defaults.

FHA Condo Restrictions
Some Prairie Village condo complexes have not sought to renew their eligibility due to lack of reserves required by FHA.

Others Prairie Village condos haven’t sought to reapply due to pending litigation, or because more than 15% of the condo owners are behind on their HOA dues. These are additional restrictions imposed by the FHA.

HUD, U.S. Department of Housing and Urban Development, the department that oversees FHA requires Prairie Village condos to have no more than 15% of the condo owners no more that 30 days past due with their condo association fees.

Other FHA changes require that not more than 10% of the Prairie Village condo units in a single complex may be owned by one investor.

Since the mid 1990's, FHA has allowed spot approvals on FHA mortgage loans allowing strong condo buyers to get their mortgage loans to get approved. The 2009 FHA changes has eliminated spot approvals.

Spot approvals allowed individual condominium condo buyers to obtain FHA-insured loans even though the entire development had not yet been approved. This worked great for new condo projects that are just getting started. The new FHA guidelines no longer allows spot approvals.

Another change in the 2009 FHA revisions is that no more than 30% of the condos in a single Prairie Village condo project can have FHA-insured mortgages. FHA made this change to limit their exposure to possible defaults on risky projects.

Since FHA was created to help home buyers, do the recent changes limit the number of Prairie Village condo buyers?

If two comparable Prairie Village condo complexes are across the the street from each other the FHA condo approved project will out sell and sell for more money than the condo project that is not FHA eligible.

Although many people think FHA loans are only for first-.time buyers, FHA mortgage loans are in fact for any borrower who wants meets the FHA borrower guidelines and want to put a minimum down payment. 

Currently there no condo project approved in Prairie Village, Kansas for FHA financing. Deville '75 in Prairie Village with a FHA mortgage backed concentration rate of 7.40% was approved for FHA back mortgages, but their approval had expired in May of 2011. 


Homebuyers can find a list of  Kansas City approved FHA approved condos by going to https://entp.hud.gov/idapp/html/condlook.cfm and entering the zip code of the area they’re shopping in.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview,

Raytown, Waldo and the surrounding Kansas City communities.

Kansas City Rankings - 7 area Kansas City suburbs rank in the Tops

Out of 966 Midwestern communities ranked, 7 area Kansas City suburbs rank in the Tops

Leawood clinched a No. 7 ranking, leading Kansas City-area suburbs to take the highest six spots earned by Kansas communities. Prairie Village was 53rd, Olathe was 92nd, Overland Park was 101st, Lenexa was 117th and Shawnee was 130th.

On the Missouri side, St. Louis-area communities dominated the top results, led by Town and Country at sixth overall. Lee’s Summit landed the 132nd rank among Midwestern communities.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview,

Raytown, Waldo and the surrounding Kansas City communities.

The 10 most populated cities in Johnson County, Kansas are Overland Park, Olathe, Shawnee, Lenexa & Leawood.

The 10 most populated cities in Johnson County, Kansas are:
#1: Overland Park, KS. with a population of 170,216 residents.
#2: Olathe, Kansas with a population of 117,116 residents.
#3: Shawnee, KS. with a population of 59,828 residents.
#4: Lenexa, KS. with a population of 45,704 residents.
#5: Leawood, KS. with a population of 30,972 residents.
#6: Prairie Village, KS. with a population of 21,520 residents.
#7: Gardner, Kansas with a population of 16,383 residents.




The total population for Johnson County, Kansas is 525,108 residents.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill
Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview,

Raytown, Waldo and the surrounding Kansas City communities.

Which city in Johnson County, Kansas boast the expensive residential real estate? Overland Park, Leawood, Lenexa, Mission Hills, Lake Quivira, Westwood Hills, Fairway or Mission Woods . . .

Which city in Johnson County, Kansas boast the expensive residential real estate? Overland Park, Leawood, Lenexa, Mission Hills, Lake Quivira, Westwood Hills, Fairway or Mission Woods . . .


The cities in Johnson County, Kansas with the highest median estimated home values are:
#1: Mission Hills, KS. with a median estimated home value of $801,080
#2: Lake Quivira, Kansas with a median estimated home value of $571,000
#3: Mission Woods, KS. with a median estimated home value of $462,120
#4: Leawood, Kansas with a median estimated home value of $373,000
#5: Westwood Hills, KS. with a median estimated home value of $322,590
#6: Fairway, KS. with a median estimated home value of $280,260
#7: Overland Park, KS. with a median estimated home value of $204,770
#8: Lenexa, KS. with a median estimated home value of $201,130
#9: Prairie Village, KS. with a median estimated home value of $193,550


The Johnson County, Kansas median estimated home value is $191,970.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.

Tour 6 Kansas City foreclosure homes just listed for sale in Johnson County, Kansas - Find a KC foreclosure home for sale

Dowell Taggart Team Kansas City Real Estate Network RE/MAX Premier Realty (913) 712-9313http://www.kansascityrealestatenetwork.com

Tour 6 Kansas City foreclosure homes just listed for sale in Johnson County, Kansas. For more information, click on the View Details link or contact the Kansas City Real Estate Network.

To view more Kansas City foreclosure homes for sale, go to: Foreclosure Homes.

The Kansas City Real Estate Network can setup private viewings of these homes or any other currently listed home in the Heartland MLS.

Homes are delivered via IDX from the Heartland MLS. Not all homes are listed by RE/MAX.

Property Listings 3402 W 138 Street Leawood, KS MLS Number: 1750831 Listing Price: $750,000   View Details 31345 W 137th Street Olathe, KS MLS Number: 1750683 Listing Price: $254,500   View Details 29101 W 185 Street Gardner, KS MLS Number: 1750684 Listing Price: $178,500   View Details 5523 SHERWOOD Drive Roeland Park, KS MLS Number: 1750681 Listing Price: $133,400   View Details 7604 WINDSOR Drive Prairie Village, KS MLS Number: 1750654 Listing Price: $112,900   View Details 23420 W 53rd Terrace Shawnee, KS MLS Number: 1750740 Listing Price: $96,000   View Details

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill
Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview,

Raytown, Waldo and the surrounding Kansas City communities.

How does a mortgage lender qualify a Prairie Village, KS. Homeowner for a Short Sale?- How to Stop an Prairie Village, Kansas Foreclosure

How does a mortgage lender qualify a Prairie Village, KS. Homeowner for a Short Sale?- How to Stop a Prairie Village, Kansas Foreclosure

There are many misconceptions of what qualifies a Prairie Village, Kansas homeowner for a short sale. Lets ignore the paperwork and start with simple qualifications for requesting a short sale. The following is an explanation of the three major qualifications that most mortgage lenders look at in order to see if a Prairie Village, Kansas homeowner is qualified for a short sale.

I) Financial Hardship for Prairie Village, KS. homeowners


A financial hardship for Prairie Village, KS, homeowners is a verifiable issue that has caused the Prairie Village homeowner to miss mortgage payments on their Prairie Village, KS. home and will continue to miss mortgage payments for the near future. The Prairie Village, Kansas homeowner is having financial difficulties.

Financial hardships for Prairie Village, Kansas homeowners can be the results from:
1) Loss of job
2) Loss of income
3) Relocation
4) Illness of borrower or co-borrower
5) Divorce
6) Death of a co-borrower  that helped you qualify for the mortgage loan
7) Declining local market property values
8) High medical bills
9) Hefty unplanned expenses

II) Monthly Shortfall for Prairie Village, KS. homeowners

A monthly shortfall is when a Prairie Village, KS.  homeowner makes less then monthly expenses. Nearly every mortgage lender will want to see first before accepting a short sale that a Prairie Village homeowner cannot afford to pay their current mortgage. This is typically demonstrated by the Prairie Village, KS. homeowner completing a financial worksheet or a monthly profit and loss statement.

The equation a mortgage lender uses to figure if a Prairie Village, KS. homeowner has a shortfall is:
Total Monthly Income – Total Monthly Expense = Monthly Shortfall
You may qualify if you have a monthly shortfall or if a monthly shortfall is imminent

III) Insolvency for Prairie Village, Kansas homeowners

In order to qualify for a short sale, a Prairie Village, KS. homeowner must not have the means to pay down their mortgage loan. This means that the mortgage company wants to see that the Prairie Village, KS. homeowner has more debt than they have in cash. The mortgage lender wants to see that the Prairie Village homeowner can no longer meet their financial obligations with their lender as debts become due.

The Prairie Village homeowner does not have to be completely out of cash – this is a common misconception; the mortgage lender typically will want to see that over time the Prairie Village homeowner will not be able to pay their mortgage obligation. Having cash in the bank for living expenses is common and will not disqualify an Prairie Village, Kansas homeowner.

A Prairie Village, Kansas Homeowner is looking to have the mortgage lender grant a short sale to prevent a Prairie Village real estate foreclosure. The lender will grant a short sale if they believe that a foreclosure is inevitable and by granting a short sale they will save expenses vs. processing a lengthy and expensive foreclosure. To the mortgage lender it is a business decision.

We help stop real estate foreclosures in Prairie Village, Kansas everyday. Find out why the Dowell Taggart Team of the Kansas City Real Estate Network is the most referred Loss Mitigation Short Sale Specialist in Prairie Village, Kansas.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Should you short sale your Prairie Village, Kansas home or let it go to foreclosure? The Prairie Village Short Sale Specialist can help . . .

Should you short sale your Prairie Village, Kansas home or let it go to foreclosure? The Prairie Village Short Sale Specialist can help . . .

Kids in school, the final days of summer ahead as your family prepares for Fall....Should be a time to relax on the deck in your Prairie Village, Kansas home. Enjoying a few final weekends as summer activities make way for the new school year in the Shawnee Mission School District is a routine fall ritual, right?



You’re family has been motoring along with its schedule and all of a sudden a few hiccups come along.



The Volvo needs to be repaired, then your wife gets injured in an automobile accident and now your boss announces the news that he will need to start layoffs soon. The end of summer weekend vacation to the Chicago gets tossed off of the family plans.



The bills start piling up. The “payment due” notices for your mortgage become a weekly delivery in your mailbox. You just received a “Notice of Default” from your mortgage on your Prairie Village, Kansas. Now what?



Solution 1 is the avoidance technique; you quit answering the telephone whenever the familiar “888” prefix pops up....you start to throw away the notices without opening them.



It works for a short while. But after a while, problems soon mushroom into catastrophes. The sheriff comes knocking at the door of your Prairie Village, KS. home and is the bearer of bad news. You have been foreclosed on, the bank wants your Prairie Village house back. 

When you checkout other Prairie Village housing situations you find out that the foreclosure and poor credit is limiting your options to rent a Prairie Village home, apartment or duplex.



There are other choices, other options.



Solution 2 is to talk to friends or inexperienced confidant who recommends a high priced solution. Remember, the reason you’re in this situation is a lack of funds, right? Or worse yet. They don’t discuss their high fee until the end. Lets look at other solutions.



Ok, a friend recommends a Prairie Village REALTOR to help you for solution 3. Just happens that their best friend dabbles in real estate “part time”. You think you have hired a professional to help you out of the situation but a few days later you find out that the “part time” Prairie Village REALTOR”  you just hired is actually learning. The last time they used the Short Sale Equator System was during the first update. Or worse yet, they have never used the Equator System. Don’t worry about getting any relocation expenses, They don’t understand the proper channels in requesting the expenses. If there is a problem, they don’t understand the escalation steps in order to get a proper remedy. The horror stories you have heard about short sale seem to be ALL true. The stress consumes ALL of your energy. You find yourself taking it out on your kids, spouse and friends.



If the 3 previous solutions don’t seem like good options, and we can understand if they don’t, try a forth option.



The forth solution is to contact an experienced Loss Mitigation Consultant from the Kansas City Real Estate Network who can help you solve your problems. We have a team of professional Prairie Village REALTORS and Lawyers who have successful solved the foreclosure problems of many Prairie Village Homeowners for the past 7 years. We bill the banks for serving you and we have even used HAFA and other programs to get relocation assistance of up to $5000 for you. Not only do we understand the Prairie Village short sales steps, we’re on short sale advisory boards.



The Kansas City Real Estate Network will inform you of your choices. A short sale in Prairie Village is not your only choice. You can refinance, request a loan modification, request a forbearance or give your deed in lieu of foreclosure.



We’ll explain what an Prairie Village short sale is and how Prairie Village short sales work.
We’ll work with you on getting the proper documentation including an Prairie Village short sale hardship letter.


We’ll explain how we’ll get an Prairie Village short sale negotiator from your lender.
We’ll provide additional information about Prairie Village short sales.



Find out why the Kansas City Real Estate Network is the most referred name in helping homeowners out of foreclosure in Prairie Village, Kansas.




1) Did you know that foreclosures are handled differently in Kansas than in Missouri?

That’s OK, most people don’t.

We can help you whether you’re in Kansas or Missouri.

2) Did you know that with many banks don’t answer request for short sales via phone, fax or email?

That is right.

We communicate with most banks through a private server that they have granted access to help homeowners prevent foreclosure.

3) Did you know that most Prairie Village homeowners don’t pay us a dime?

That is right.

We collect our fee from the banks and they don’t tack on the fees to you.

4) Of course you know that by choosing the wrong person to help you could possibly cost you thousands and BAD credit....?

5) A delay won’t hurt, right? I mean I would like to see what I can do myself, first.

Wrong idea. A delay of even 2 weeks can put a limit on options of what we can do for you. Did you know that a bank in certain circumstances can foreclose on a home and have the sheriff at your door steps in 45 days? We can help prevent this if we have enough time.

6) Isn’t it worth your while to checkout your options?



If you said yes. 


We agree.



Contact us for a “Free Consultation.” We’ll let you know up front whether we can help you. We can help you short sale your Prairie Village home.

RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!