Johnson County Connect Newsletter - The Risk of Waiting to Sell Your Home in 2020 - Top 14 Things to Do this Weekend - Real Estate Statistics

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The risk of waiting to sell your home in 2020

So you have been planning to sell your home in the next 18 months? Sounds like a great plan, right?

Well, here are 10 reasons why you might want to move up your plan of selling your home sooner rather than later.

Interest rates could go up and affect the pool of buyers for your home. If the rate changes 1%, buyers will lose 10% of their buying power. A $250,000 loan would cost a home buyer $150 more a month. That is a lot of money and it will have an effect on the local real estate market.
It could take longer to sell. Homes in this area have been selling fast under $300,000. The market could soften and it will take longer to sell in the next 18 months. Do you really want to keep your home maintained for 3-6 months like it is taking on the coastal markets?
Millennials are flooding the market right now and want to buy. We don’t know what will happen if something changes in the market. Now is a great time to find a millennial home buyer.
The real estate market could shift from a seller’s market to a balanced or buyer’s market. Right now the area is experiencing a very strong seller’s market. The market could shift and home values will drop and it will take longer to sell.
The Sprint - Tmobile merger could affect the area's real estate market. Employees could be forced to transfer or get laid off. This could lead to more homes coming on the market, thus shifting the local real estate market.
Recent and Future Corporate layoffs - Union Pacific, Cerner, Wadell & Reed, Hallmark have laid-off workers or have announced that they are laying off workers. These layoffs could mean more homes coming on the market. This could lead to a shift in the local real estate market.
Corporate relocations like Honeywell relocating 80 employees out of Olathe, Waddell & Reed exploring of moving out of Kansas City, ADM Milling relocating out of Overland Park could lead to more homes coming on the market. The increase in homes could lead to a shift in the local real estate market.
Businesses Closing like CenturyLink may mean ex-employees will need to sell their homes. The increase of homes for sale could lead to a shift in the real estate market.
Many areas of the country have seen the real estate market softening. Areas of the country that had seen homes sell quickly and for top dollar are now seeing fewer offers and homes taking longer to sell. Home selling prices have dropped on the coast, Could we also see a drop in the area home values? We are already seeing a market shift in many areas of the city.
It would be hard to miss the obvious. Next year is an election year and election years typically bring unstable financial markets that affect the real estate market.

Thinking of selling your home?

Let’s get together and talk about your goals.

In this issue:

Homes Just Listed For Sale
Top 14 Things To Do
Home Improvement Idea
Did You Know ???
10 Ways to Update Your Home Without Major Renovations
Could Interest Rates Drop Below 3%
New Homes For Sale
Upcoming Listings
What is Your Home Worth?
Discover More About Your City
Interest Rates are Falling!

Top 14 Things To Do

Oct. 24 - Pumpkin Hallow at Deanna Rose Children's Farmstead
Oct. 25 - Night of the Living Farm
Oct. 26 - Octoberfest at The Barn
Oct. 26 - Trunk or Treat
Oct. 26 - 2Xtreme Monster Truck Series
Oct. 26 - Trick-or-Treat OFF The Street
Oct. 26 - Boo at The Zoo
Oct. 26 - Celebrate Olathe
Oct. 26 - Boo-Tastic Fun! at Crown Center
Oct. 26 - Trunk or Treat with Police
Oct. 26 - Family Fun: Mildale Farm Fall Fest
Oct. 27 - Elite Comics Halloween ComicFest
Oct. 27 - KC Chiefs V Green Bay Packers
Oct. 29 - Boo Bash

New Homes For Sale

Blue Valley New Homes
Gardner New Homes
Leawood New Homes
Lenexa New Homes
Olathe New Homes
Overland Park New Homes
Shawnee New Homes
Spring Hill New Homes

Upcoming Holidays

Oct. 25 - National Art Day
Oct. 28 - National First Responders Day
Oct. 31 - Halloween
Nov. 3 - Daylight Savings Time Ends
Nov. 10 - Marine Corps Birthday
Nov. 11 - Veterans Day

Homes Just Listed For Sale . . .

Blue Valley New Listings
Gardner New Listings
Leawood New Listings
Lenexa New Listings
Olathe New Listings
Overland Park New Listings
Shawnee New Listings
Spring Hill New Listings

Home Improvement Idea

Inspect Exterior Water Pipes

Prevent exterior water pipes from bursting when the weather gets below freezing, turn off the valves to the exterior hose bibs. Run the water until the pipes are empty. Make sure all the water is drained from the pipes, if not; the water can freeze up and damage the pipes.

Credit: DIY Network

10 Ways to Update Your Home Without Major Renovations

Create open spaces
Add new lighting
Update drawer pulls and handles on cabinets
Update window treatments
Create an outdoor room
Landscape your yard
Add easy to install wallpaper
Spruce up your bathroom
Make a man cave
Paint

For more information on this list, go to: Freshome.com

Search JOCO Homes For Sale
Search New Homes For Sale

Did You Know That You Can Buy a Home With Zero Down?

Lance Richards was telling me about some awesome new loan programs that he is approving right now. Two of his favorites are a low doc investor mortgage loan and a zero-down home buyer loan. Would you like to talk to Lance about these programs? Contact Lance Richards with First Fidelis Mortgage at (913) 205-9978.

Huge 4 bedroom 2 story with 4.5 baths and Finished Basement! $349,900
New Deck, Refinished Hardwood Floors, Granite Counter-Tops.
For more information on this home Text: 16006B to (913) 845-7912

Remolded Olathe Home! $75,000
Newer Carpet & Paint and a Deep cul-de-sac lot
Separate Bedroom, Great Room, and Kitchen/Dining Area
Where Else in Olathe Can You Buy a Move-In Ready Home For This Price?
For more information on this home Text: 306B to (913) 845-7912

Huge 5 Bedroom 2 Story with 3 Baths and 3 Car Garage! $349,900
Main Floor Bedroom, Formal Dining Room, and Dramatic Entry
Large Master Suite, Ready to Finish Basement, and Perfect Location
For more information on this home Text: 11007B to (913) 845-7912

Huge 3 bedroom townhouse with 2.5 baths and Finished Basement! $169,900
Open floor plan, private master suite with walk-in closet and 2 car garage.
For more information on this home Text: 10341B to (913) 845-7912

JOCO Real Estate Snapshots

Is it a good time to buy or sell?
it depends on where your home is located you are looking to buy or sell.
Would you like an analysis to find out?
Text: HomeValue to (913) 845-7912.