The Kansas City Real Estate Network, the "Most Connected" real estate team in Kansas City. "Real Estate: Beauty Contest or Price War? Win it all with Intelligent Marketing".
Showing posts with label Buyers. Show all posts
Showing posts with label Buyers. Show all posts

Tuesday, August 27, 2013

Is Now The Right Time To Buy a Home in Kansas City? If you're looking to buy a home in Kansas City there maybe no better time than in September. Why?

Is Now The Right Time To Buy a Home in Kansas City?
If you're looking to buy a home in Kansas City there maybe no better time than in September. Why?

Interest rates are going up -
     Home values are going up
          Zero Down mortgage options are expiring in September in many areas
               Mortgage options are dwindling down fast

Thinking of buying a home in Kansas City?

Let's talk . . .

Contact the Dowell Family Team with your Kansas City real estate needs!



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Sunday, March 25, 2012

I’m a first time home buyer who is looking to buy a home in Gardner, Kansas. I know I have bad credit. What can I do to get into a house? Is there any help or hope for a bad credit first time home buyer?

Question: I’m a first time home buyer who is looking to buy a home in Gardner, Kansas. I know I have bad credit. What can I do to get into a house? Is there any help or hope for a bad credit first time home buyer?
–Jamie H. from Gardner, Kansas

Answer: I would contact a mortgage lender who helps people with credit problems. A good lender can help you get setup with a credit repair program. You will be a home owner in Gardner in no time!



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

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
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.


Saturday, June 4, 2011

Buying or Selling a Kansas City home? Are you in the warm-up period or are you fact gathering period?

An article recently published by a nationally recognized Real Estate publication starts with, “Successful salespeople understand that making the sale has much more to do with developing trust and rapport than it does with issues of lowest price, highest quality or the largest company.”





The author goes on to talk about, “....the warm-up period....”
.
What the heck?

Cars get warmed up, computers boot up....And people warm up at the same speed you find common ground with them, build a relationship, a friendship with them.

Personally, I love the fact that “Sales is a Broadway play put on by a psychologist.”

But....It isn’t “small talk” that builds relationships....Relationship building is actually the BIG stuff, the IMPORTANT stuff.



My experience is that people like to buy, but seldom like to be sold.

Yep, folks seldom like to be sold....anything.



When working with Buyers, my responsibility is to help folks figure out what best fits their needs, then stand back and let them buy. Facilitate the transaction, of course, but for the most part....Let their heart lead them home.



When working with Sellers, I help folks figure out WHY they want to sell...believe me, it’s not as simple as it sounds....Then market their home....communicating to Realtors, agents, (yes, there is a difference) and consumers about the key features of the home....the neighborhood, the schools, general location, proximity to parks, largest employers, shopping....Make sense?

Hey, you want someone to SELL you a home... We may not be your best choice. No hard sell, no pressure....we have fun.



Market your Kansas City home? Yep, we’re the guys for the job....Just ask our clients...Most of them are now our friends.



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!

Dowell Taggart Team Kansas City Real Estate Network

Tuesday, May 31, 2011

Discount Kansas City Buyer's Agent?

Discount Kansas City Buyer's Agent?

Caller says, “I want you to find me the perfect home, negotiate a great price, refer your best resources to myself and my friends....Then give me ½ of your commissions in a gift card, or cash....I don’t want a check, it could be traced back as income....”

“Slow down, Slick....You want what?”, I ask....

So the conversation heads down the road of Caller tells me he saw on HGTV where real estate agents can gift commissions to Buyers....A great deal on the home isn’t enough....He wants cash back.

No check that could be traced back as income.

Nope. No exceptions, not gonna happen.

Kansas and Missouri real estate statutes are very clear on this point. Only licensees may be paid a fee to market and sell on behalf of third parties....There are limited exceptions; these exceptions do not include refunding commissions to Buyers, or paying Sellers a fee either.

Check your state laws to determine the order of the day where you live.

As I conclude the call, (the Buyer is now working with me to help him find a home...(for which I will retain every dollar I earn), I’m thinking to myself, “Where does HGTV get this stuff?”.

Last week a Seller tells me she heard on Property Ladder that “....the Seller should paint the entire interior of the home off-white, so that potential Buyers are not confused by the personalization of the home.”

What? The Buyer has to be able to project themselves into your home....Is it your opinion that most Buyers prefer the inside of a powdered sugar doughnut....Heck no.

Unless it’s downright hideous, and as long as the interior design and colors are current, leave it alone.

At the other end, it’s always interesting to walk into a home with Buyers, and based on price, be under the belief the home must have special features, or updates not noted in the listing.

I’d believe that as the price is set at the high end of fair market value for the area.

Yet the condition of the home doesn’t always bear out the Seller/Seller’s Agent opinion based on their listing price.

Your local real estate resource, like the Kansas City Real Estate Network, will be more than available to answer questions like these while your on the way to successfully buying or selling your Kansas City 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!

Dowell Taggart Team Kansas City Real Estate Network

Tuesday, May 10, 2011

If current depreciation trends continue closer to 50% of all owners with a mortgage will be underwater - Kansas City real estate


More evidence that should convince the nonbelievers that the United States is in a housing dip ….and that so-called distressed properties like short sales and foreclosures will dominate for years to come.
What does this mean to the Kansas City real estate market? More home value depreciation and an epic increase in demand for agent that know how to help underwater homeowners. That is right, short sale specialist will be in high demand for the next few years.
When a homeowner who bought a home in 1999 with 5% down and has paid their mortgage on time every month is underwater, look at all the homeowners who have bought since. If they didn't buy right and put minimum down, they to could be underwater.
Last year a few real estate economist predicted that 40% of all home owners with a mortgage would be underwater in 2011. If anything, that prediction was way too conservative.
Currently many major US cities are experiencing negative equity numbers greater than 40%:
* Chicago: 45.7%
* Atlanta: 55.7%
* Phoenix: 68.4%
* Las Vegas: 71%
If current depreciation trends continue closer to 50% of all owners with a mortgage will be underwater. For reference sake, that has never happened. As in never-ever happened…in the history of…well, modern civilization.
With the current market conditions, real estate investors are jumping out and buying homes. Why not? Real Estate is on sale.



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!




Find Your New Home
  Fast and Simple Search 23,000+ KC Homes for Sale
View Distressed Sales, Short Sales and  Bank Foreclosures Find Out What Your Home Is Worth Online

  View Our Featured Homes For Sale   Beat Other Buyers To The  Hottest New Listings

Thursday, May 5, 2011

What are the most important things you look for in a Kansas City home? Kansas City real estate


Uh, do Kansas City home sellers ever wonder., “Who cares about a wedding on an island nation?”

Nope. We generally care more about quality barbecue and cold beer than the Prince of whatever.

We care about the wedding of great home values and low interest rates...Like how I wove that in there?

Take Mike for example.

Mike’s short sale purchase for an outstanding Gardner home just got approved. Our accepted offer is $124,000....neighborhood comparables range in the high $180,000’s...Is Mike happy?

Ask Mike...“I had heard about great deals, but didn’t think I’d get one.....We’ll spring for new carpet and we’ve just bought a whole bunch of equity....The neighbor’s will hate us!”.

He just met his new neighbor, a member of the Gardner Police Department. Told Mike he stole his home....”You’re ruining the values in the neighborhood.”

Tough break, Mike’s neighbor. Should’ve had me help you with your home search.

There are outstanding real estate deals out there, but the big question isn’t, “Hey Martin, what looks hot?”

The big question is from me, to you.

What are the most important things you look for in a Kansas City home?  Would you like to live nearer school, work, or family?

Would you like a larger yard, a bigger family room or a finished basement?

Do you have interest in a tiled Taj Mahal bathroom, stainless steel appliances in the kitchen or a custom screened in porch?

If you don’t know. I can help. When should we talk?



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!




Find Your New Home
  Fast and Simple Search 23,000+ KC Homes for Sale
View Distressed Sales, Short Sales and  Bank Foreclosures Find Out What Your Home Is Worth Online

  View Our Featured Homes For Sale   Beat Other Buyers To The  Hottest New Listings

Monday, March 28, 2011

Kansas City home buyers and especially renters, are you aware of the fact that new lending requirements (Starting NEXT MONTH) will require 20% down payments on mortgages in Kansas City?

Kansas City home buyers and especially renters, are you aware of the fact that new lending requirements (Starting NEXT MONTH)  will require 20% down payments on mortgages in Kansas City?



Yes, you read that correctly…20% down will be the new minimum requirement thanks to the new QRW Lending Rules.


Welcome to the new world of QRM: Qualified Residential Mortgage

The new QRM requirements currently exclude FHA mortgages. However, the National Association of REALTORS believes that higher down payment loan requirements will trickle down to FHA loans as well within  a year. Higher interest rates and added fees will be slapped on Kansas City home buyers using non-FHA mortgages and putting less than 20% down. Bottom line Kansas City home buyers, unless something dramatic changes in the next 12 months you will see the mortgage products requiring less than 20% down disappearing.

In this housing market…the worst ever…does it make sense to require substantially higher down payments?

This will also affect Kansas City Home Sellers. There will be a smaller pool of home buyers meaning home values may go down more.

Bottom line, the new QRW rules may become the new rule April 2011 and be in full effect April 2012.


RE/MAX sells more homes than any other real estate company.

For a reason...should we talk?

Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at RealEstateWizard@DowellTaggart.com

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

Nine Reasons Why to Use the Dowell Taggart Team?
1) Buyers and Sellers find us online first, before any other Kansas City Real Estate Team! That might sound bold, but we’re willing to put it to the test! Don’t believe us? Search us on the web. Go ahead and search Kansas City Real Estate....www.DowellTaggart.com .

2) Contact us and you’ll find out we'll return your call more quickly than anyone else in town! Why? Because our clients tell us that’s important! We return phone calls promptly.

Would you prefer a Kansas City REALTOR that has a newbie assistant answer the telephone or return your calls?  Or the calls of Buyer’s who want to see your home?

3) With 87% of the Kansas City home buyers starting on the Internet, doesn't it make sense to list your home for sale with the #1 online Kansas City real estate team? Wouldn't it make sense for more Buyers to find your home more quickly? Our 124+ step proven marketing plan, gets results.

Don’t believe us, search us on the web www.DowellTaggart.com . Click here to get started today!

4) Do you like to save money? So do we. View the Top Kansas City Distressed Homes for sale including Foreclosures and Distressed homes with special financing options!

5)  Knowing a little bit about the market in Connecticut might be interesting, but most people believe it makes sense to arm themselves with local market statistics.... There is a reason why we’ve been interviewed over 200 times by the media. View local Kansas City real estate stats.

6) At $3.50 per gallon, does it make sense to start your Kansas City home search on Kansas City’s real estate #1 online website?  Why start in the car? Click here to get started, today for free!

7) Learn how to buy a Kansas City home with zero down. We also have 86 steps to help Kansas City home buyers save money and time. Contact the Dowell Taggart Team today!
  
8) Although the Dowell Taggart Team is extremely high tech, we haven't forgotten our roots. We're geniunely nice people who like to help our clients reach their goals.

9) We’re the leaders in providing Local community information. Checkout the stats we provide: Gardner, KS., Olathe, KS., Overland Park, KS., Leawood, KS., Lenexa, KS., and Shawnee, KS.

Wednesday, March 2, 2011

Billionaire Warren Buffett believes the real estate market like the one on Kansas City will rebound this year. What do current home buyers and home seller think about the real estate market?

Billionaire Warren Buffett believes the real estate market like the one on Kansas City will rebound this year. What do current home buyers and home seller think about the real estate market?



Billionaire Warren Buffett believes that the housing market will rebound this year. Signs of the housing improvement include the existing home sale rose in January for the third straight month. Housing has never been this affordable in decades.
What do current home buyers and home seller think?

Fannie-Mae Survey of actual potential real estate buyers and sellers:
* Americans think that housing prices in 2011 will remain stable.
* 78%  respondents believe said they expected housing prices will hold steady or increase over the next twelve months, up from 73% in January 2010.
* 64% of Americans said they considered buying a home to be a good investment.
* Moody’s Analytics points out, the pace of sales is moving at a glacial rate.  The median house price dropped 3.7% year-over-year, according to the latest data.

Looks like there is time still remaining to capture a good deal. That time is slowly diminishing though. This past week, the Dowell Taggart Team wrote 6 offers on homes. On all 6 offers our buyers faced stiff competition from other buyers. Although 4 buyers made full price or higher counter offers, all four counter offers were rejected for better offers from other buyers.

Homes priced to get multiple offers are receiving multiple offers.


RE/MAX sells more homes than any other real estate company.

For a reason...should we talk?

Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at RealEstateWizard@DowellTaggart.com

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

Not everybody should own a Kansas City home!

Client asks, “Martin, when should I consider buying a home, instead of staying with my apartment?”

Loaded question.  Last time I hit this topic, the hatemail spilled out of my email inbox.



Words you will hear few Kansas City real estate agents, but will hear from many REALTORS: Not everybody should own a Kansas City home!


Some people aren't cut out for home ownership, for a variety of reasons. Are you one of those who should rent and not buy? Here are some ways to tell.


Does your credit report tank? If your FICO score is below 620, you're not going to receive a good interest rate for a loan and, in fact, that kind of score could dump you into the hands of a predatory lender


Call me, let’s discuss.


High Debt Ratios

Lenders consider two ratios: front-end and back-end. The front-end is your mortgage payment, plus taxes and insurance divided by your monthly salary. The back-end adds your monthly debt payments to your PITI payment before dividing that total figure by your salary. A 50% debt ratio is a high ratio. A high debt ratio means you may not qualify for the loan.

Even if you find a hairball lender that is willing to fund such a loan, you may not be able to afford to feed yourself, even if you eat dirt!



Is Your Job in Jeopardy or Maybe You’re Relocating Soon?

Is your company laying off? Could you be fired and, if so, how hard would it be to get another job right away? Unemployment compensation is rarely enough to cover mortgage payments. Are you thinking of relocating?


Yes, some people want to buy under these conditions, thinking the home could be rented i=n the event they move.  Not a bad thought, but that may radically change the type and style of home you consider, and would definitely change its location.


Maintenance Issues

All homes require upkeep and maintenance. Not everybody has the where-with-all, much less the desire, to tackle home repair projects. In addition, many first-time home buyers can not afford to hire a professional to fix things that break. Experts suggest you set aside 5% of the purchase price to cover maintenance and repairs when you buy a home.

Let’s face it DIY fans, it takes longer than the 30 minutes television segment to tile a bathroom or remodel a kitchen.

When Renting Costs Considerably Less

If your mortgage payment would be triple the amount (or more) you would pay for rent, it might not make financial sense for you to buy. For example, if it would cost you $2,000 a month to rent what would cost you $6,000 per month to own, does it make sense to pay $48,000 a year more to own a home?


If you are in a 30% tax bracket, you might not come close to recouping the difference you paid. Say your deductible expenses are $5,000 a month; 30% of that is only $1,500, which would be your true tax savings per month. Would you spend $6,000 to save $1,500? For more information, please consult a tax accountant or CPA.



The smart move is to speak with an expert who is willing to tell you buying a home may be a bad idea.


Should we talk?





RE/MAX sells more homes than any other real estate company.

For a reason...should we talk?

Let us know what you think or add to our blog by writing a comment. Do you have a real estate question for the Real Estate Wizards? Email us at RealEstateWizard@DowellTaggart.com

Blog post written by the Dowell Taggart Team of RE/MAX Best Associates