Wednesday, November 30, 2005
Sales Of New Homes Jump 13% In October
Sales of New Homes Jump 13% in October(November 30, 2005) -- New-home sales rose 13 percent last month to an annual rate of 1.42 million units, the U.S. Commerce Department reports. Some analysts believe the surprising figures can be attributed to buyers rushing to beat higher interest rates or take advantage of builders' incentive programs.
Regionally, new-home sales surged 47 percent in the West, 43 percent in the Northeast, and 1.9 percent in the South but slipped 9.5 percent in the Midwest. However, the big increase is being questioned by David Seiders, chief economist for the National Association of Home Builders, and David Lereah, chief economist for the NATIONAL ASSOCIATION OF REALTORS®, both of whom anticipate revisions in the report. Source: Washington Post (11/30/05); Fleishman, Sandra
Chris Dowell
www.DowellTaggart.com
Keller Williams Realty Partners, Inc.
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa, Shawnee & Leawood.
Regionally, new-home sales surged 47 percent in the West, 43 percent in the Northeast, and 1.9 percent in the South but slipped 9.5 percent in the Midwest. However, the big increase is being questioned by David Seiders, chief economist for the National Association of Home Builders, and David Lereah, chief economist for the NATIONAL ASSOCIATION OF REALTORS®, both of whom anticipate revisions in the report. Source: Washington Post (11/30/05); Fleishman, Sandra
Chris Dowell
www.DowellTaggart.com
Keller Williams Realty Partners, Inc.
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa, Shawnee & Leawood.
If You Are A Victim Of Identity Theft
If You Are a Victim of Identity TheftCall The Federal Trade Commission's identity theft hotline immediately at 1-877-438-4338 to file a complaint and to get information and more help on what steps to take.
Chris Dowell
www.DowellTaggart.com
Keller Williams Realty Partners, Inc.
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa, Leawood & Shawnee.
Chris Dowell
www.DowellTaggart.com
Keller Williams Realty Partners, Inc.
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa, Leawood & Shawnee.
Mortgage: Defaults Rise on Subprime Mortgages
Defaults Rise on Subprime Mortgages(November 30, 2005) -- The delinquency rate for subprime adjustable-rate loans rose to 6.23 percent between January and September, from 3.72 percent during the same period last year. Many of these borrowers opted for interest-only, low-documentation loans with interest rates that will adjust after two years, when some analysts predict a surge in delinquencies. Mark Agah, analyst at Portales Partners, says ARMs likely will hit $440 billion by the end of the year, up from $400 billion in 2004 and $220 billion in 2003. Some of these borrowers will find themselves in financial turmoil if home prices stall, preventing them from refinancing to extract cash or to make their monthly payments more manageable. Source: Wall Street Journal (11/30/05); Eisinger, Jesse
Chris Dowell
www.DowellTaggart.com
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa, Shawnee & Leawood.
Chris Dowell
www.DowellTaggart.com
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa, Shawnee & Leawood.
For Sellers: How to Sell Your Olathe & Gardner Homes at the Highest Price
Making a mistake in selling an Olathe or Gardner, Ks. home can cost you hundreds or thousands of dollars in lost profit. Often home sellers make the same mistakes over and over. Avoiding these mistakes is easy and takes little time and effort on your part. Take the time with your home sale and follow the guidelines in this report.
1. Distress Selling: At times, selling quickly is unavoidable. That’s when knowing the right techniques to sell your home without looking desperate and making yourself a target for low bidders really pays off. Know all there is to know about the market before listing and work hand in hand with the right real estate professional. Ensure that you are not settling for the first offer through the door.
2. Best Home in the Neighborhood: Your home is one of your most personal possessions. Don’t be blind to flaws and needed cosmetic improvements. This will cause overvaluing of the home, hurting it’s chances to be sold. Listing with the right agent gives you a well informed third eye that will help you price your home at a fair market price.
3. Limited Home Viewing: Buyers want to view a home on their own time schedule. Unfortunately their time schedule does not always coincide with your time schedule. Leave a lockbox or key with your agent so your home can be shown when you are not around. You never know if the one who got away was your buyer.
4. Restrain Emotional Decisions: Don’t allow a few hundred dollarsto ruin a sale. That money will mean very little to you in the long run. Take a look at the big picture and react rationally. Use sound business judgment!
5. Make Cosmetic Improvements: Prospects make up their minds within the first twenty minutes. First impressions can make all the difference in selling your home. Spending $1,200 on new carpet might add another $4,000 to the price of your home. Get an objective point of view from your real estate professional. They can provide you with a list of items that will maximize the profit of your home sale.
6. Disclose Property Flaws: Property disclosure laws require sellers to list any flaws required by your state. If you are unaware of flaws or attempt to cover them up, you risk losing the sale and finding yourself in court. Get professional assistance from your agent who can introduce you to qualified inspectors and ensure the smooth sale of your home.
7. For Sale By Owner: Most homeowners who decide to sell their own home do so because they believe they can save the commission paid to the real estate agent. Everything has a price and selling a home carries a high one. The enormous amount of time and effort required to sell a home often surprises the “For Sale By Owner.” Furthermore, many costly mistakes can be avoided with the right guidance.
8. Refusing to Trust Your Agent: Would you tell a physician that you’ve decided to run your own tests and come to your own diagnosis? By choosing the right Realtor, you can relax and trust their judgment. The right agent is a valuable team member who will protect your best interests and make your sale as profitable as possible.
9. Know Your Market: Most homes that do not sell in their first listing period are priced too high. Conversely, most homes that sell quickly are priced too low and cheat the homeowner out of profits. You need to understand the market and evaluate the value of your home based on fact, not gut instinct or conventional wisdom. A professional agent knows the market, just as you know the market for your business.
10. Choosing a Realtor Based on Personal Relationships: Home sellers often pick a friend or family member as their agent. Choose an agent with a strong track record and aggressive Marketing Plan. A top producer knows the market well and can generate many buyers. Selling your home is one of the most important decisions you’ll ever make! Base it on good, sound business sense and the rewards will add up.
Before you make one of your most important decisions regarding your home sale shouldn’t you become as informed as possible? By aligning yourself with a top agent you ensure that all the important issues and seemingly insignificant but... very important... details are handled professionally. Your home sale should not be a grueling ordeal. The more informed you are, the better chance you have of making a sound business decision.
I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service, please contact me. I would consider it a privilege to be of service to you! If you would like a FREE consultation, call me at: 913-980-5809.
Chris Dowell
www.DowellTaggart.com
Keller Williams Realty Partners, Inc.
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa & Shawnee.
1. Distress Selling: At times, selling quickly is unavoidable. That’s when knowing the right techniques to sell your home without looking desperate and making yourself a target for low bidders really pays off. Know all there is to know about the market before listing and work hand in hand with the right real estate professional. Ensure that you are not settling for the first offer through the door.
2. Best Home in the Neighborhood: Your home is one of your most personal possessions. Don’t be blind to flaws and needed cosmetic improvements. This will cause overvaluing of the home, hurting it’s chances to be sold. Listing with the right agent gives you a well informed third eye that will help you price your home at a fair market price.
3. Limited Home Viewing: Buyers want to view a home on their own time schedule. Unfortunately their time schedule does not always coincide with your time schedule. Leave a lockbox or key with your agent so your home can be shown when you are not around. You never know if the one who got away was your buyer.
4. Restrain Emotional Decisions: Don’t allow a few hundred dollarsto ruin a sale. That money will mean very little to you in the long run. Take a look at the big picture and react rationally. Use sound business judgment!
5. Make Cosmetic Improvements: Prospects make up their minds within the first twenty minutes. First impressions can make all the difference in selling your home. Spending $1,200 on new carpet might add another $4,000 to the price of your home. Get an objective point of view from your real estate professional. They can provide you with a list of items that will maximize the profit of your home sale.
6. Disclose Property Flaws: Property disclosure laws require sellers to list any flaws required by your state. If you are unaware of flaws or attempt to cover them up, you risk losing the sale and finding yourself in court. Get professional assistance from your agent who can introduce you to qualified inspectors and ensure the smooth sale of your home.
7. For Sale By Owner: Most homeowners who decide to sell their own home do so because they believe they can save the commission paid to the real estate agent. Everything has a price and selling a home carries a high one. The enormous amount of time and effort required to sell a home often surprises the “For Sale By Owner.” Furthermore, many costly mistakes can be avoided with the right guidance.
8. Refusing to Trust Your Agent: Would you tell a physician that you’ve decided to run your own tests and come to your own diagnosis? By choosing the right Realtor, you can relax and trust their judgment. The right agent is a valuable team member who will protect your best interests and make your sale as profitable as possible.
9. Know Your Market: Most homes that do not sell in their first listing period are priced too high. Conversely, most homes that sell quickly are priced too low and cheat the homeowner out of profits. You need to understand the market and evaluate the value of your home based on fact, not gut instinct or conventional wisdom. A professional agent knows the market, just as you know the market for your business.
10. Choosing a Realtor Based on Personal Relationships: Home sellers often pick a friend or family member as their agent. Choose an agent with a strong track record and aggressive Marketing Plan. A top producer knows the market well and can generate many buyers. Selling your home is one of the most important decisions you’ll ever make! Base it on good, sound business sense and the rewards will add up.
Before you make one of your most important decisions regarding your home sale shouldn’t you become as informed as possible? By aligning yourself with a top agent you ensure that all the important issues and seemingly insignificant but... very important... details are handled professionally. Your home sale should not be a grueling ordeal. The more informed you are, the better chance you have of making a sound business decision.
I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service, please contact me. I would consider it a privilege to be of service to you! If you would like a FREE consultation, call me at: 913-980-5809.
Chris Dowell
www.DowellTaggart.com
Keller Williams Realty Partners, Inc.
Serving Greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa & Shawnee.
Tuesday, November 29, 2005
Mortgage: Conforming Loan Limits Increase
As home values increase in Olathe and Gardner Kansas, their has been a need for conforming loan limits to increase. Freddie Mac and Fannie Mae have made a new announcement regarding conforming loan limits.
Here are the new conforming loan limits that were just announced by Freddie and Fannie.
New Loan Limits for single family homes have been increased to: $417,000
Chris Dowell
Keller Williams Realty Partners, Inc.
www.DowellTaggart.com
913-980-5809
Serving Kansas City, including Olathe, Gardner, Overland Park, Lenexa and Shawnee.
Here are the new conforming loan limits that were just announced by Freddie and Fannie.
New Loan Limits for single family homes have been increased to: $417,000
Chris Dowell
Keller Williams Realty Partners, Inc.
www.DowellTaggart.com
913-980-5809
Serving Kansas City, including Olathe, Gardner, Overland Park, Lenexa and Shawnee.
Mortgage: Trendy Mortgage Falles From Favor
A Trendy Mortgage Falls From Favor
(November 29, 2005) -- Demand for option adjustable-rate mortgages have declined 25 percent in recent months, according to estimates by UBS AG, as short-term interest rates rise and regulators express growing concern over the risks associated with these loans.
As recently as this summer, option ARMs accounted for more than 30 percent of jumbo mortgages, global financial firm UBS says. Many borrowers flocked to option ARMs due to their attractive introductory rates—some as low as 1 percent—that are used to establish the minimum payment for the first year.
However, the "teaser" rate is in effect for just a short period of time and is then followed by a jump to above 5 percent or 6 percent and on up as short-term rates creep higher.
As option ARMs fall out of favor, fixed-rate loans are becoming more popular again. Some analysts now say this is likely the end of the era in which creative new mortgage products have made it easier for a wider range of borrowers to afford increasingly pricier residences.
Source: Wall Street Journal (11/29/05); Simon, Ruth
Chris Dowell
www.DowellTaggart.com
913-980-5809
(November 29, 2005) -- Demand for option adjustable-rate mortgages have declined 25 percent in recent months, according to estimates by UBS AG, as short-term interest rates rise and regulators express growing concern over the risks associated with these loans.
As recently as this summer, option ARMs accounted for more than 30 percent of jumbo mortgages, global financial firm UBS says. Many borrowers flocked to option ARMs due to their attractive introductory rates—some as low as 1 percent—that are used to establish the minimum payment for the first year.
However, the "teaser" rate is in effect for just a short period of time and is then followed by a jump to above 5 percent or 6 percent and on up as short-term rates creep higher.
As option ARMs fall out of favor, fixed-rate loans are becoming more popular again. Some analysts now say this is likely the end of the era in which creative new mortgage products have made it easier for a wider range of borrowers to afford increasingly pricier residences.
Source: Wall Street Journal (11/29/05); Simon, Ruth
Chris Dowell
www.DowellTaggart.com
913-980-5809
Monday, November 28, 2005
Existing-Home Sales Show Markets Cooling(November 28, 2005) -- Sales of existing homes eased in October, with a moderate decline in both single-family and condo sales, according to the NATIONAL ASSOCIATION OF REALTORS®.
Total existing-home sales—including single-family, townhomes, condominiums, and co-ops – were at a seasonally adjusted annual rate of 7.09 million units in October, down 2.7 percent from September’s pace of 7.29 million. Sales were 3.7 percent above the 6.84 million-unit level in October 2004.
David Lereah, NAR’s chief economist, says markets are getting into better balance between demand and supply. “We are returning to more balanced markets between homebuyers and sellers, one that places buyers on a more even footing. Housing activity has peaked and is coming down a bit, and we expect further cooling in the coming months. We feel confident that housing is landing softly as rates continue to rise.”
The national median existing-home price for all housing types—including single-family, townhomes, condominiums, and co-ops—was $218,000 in October, rising 16.6 percent from October 2004 when the median price was $187,000. The median is a typical market price where half of the homes sold for more and half sold for less.
Total housing inventory levels rose 3.5 percent at the end of October to 2.87 million existing homes available for sale, which represents a 4.9-month supply at the current sales pace.
“The rise in inventory means that buyers will have a wider choice available to them, and the significant price appreciation over October last year shows that demand is still there, as markets continues to balance themselves,” says NAR President Thomas M. Stevens from Vienna, Va. “Buyers know that housing is a good investment,” says Stevens, senior vice president of NRT Inc.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 6.07 percent in October, up from 5.77 percent in September; the rate was 5.72 percent in October 2004.
Single-family home sales dropped 2.5 percent to a seasonally adjusted annual rate of 6.23 million in October from 6.39 million in September, but were 3.3 percent above the 6.03 million-unit level in October 2004. The median single-family home price was $216,200 in October, up 16.6 percent from a year ago.
Existing condominium and cooperative housing sales fell 4.4 percent to a seasonally adjusted annual rate of 862,000 units from a pace of 902,000 in September. Last month’s sales activity was 6.7 percent above the 808,000-unit level in October 2004. The median condo price was $229,800, up 15.3 percent from a year ago.
Regionally, existing-home sales fell 1.2 percent in the West in October to a pace of 1.64 million, and were 3.8 percent higher than October 2004.
The median price in the West was 316,000, up 16.2 percent from October 2004.Total existing-home sales in the South declined 1.8 percent to an annual sales rate of 2.76 million units in October, and were 7 percent above October 2004. The median price in the South was $196,000, up 18.1 percent from a year ago.
Existing-home sales in the Midwest fell 1.9 percent to annual pace of 1.58 million units in October, and were 1.3 percent higher than a year ago. The median price in the Midwest was $170,000, which was 10.4 percent higher than October 2004.
Total existing-home sales in the Northeast declined 7.4 percent to a pace of 1.12 million units in October, and were unchanged compared to a year ago. The median existing-home price in the Northeast was $252,000, up 10.5 percent from a year ago.—NAR
Information supplied by: Chris Dowell www.DowellTeam.com
Serving greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa and Shawnee Kansas.
Total existing-home sales—including single-family, townhomes, condominiums, and co-ops – were at a seasonally adjusted annual rate of 7.09 million units in October, down 2.7 percent from September’s pace of 7.29 million. Sales were 3.7 percent above the 6.84 million-unit level in October 2004.
David Lereah, NAR’s chief economist, says markets are getting into better balance between demand and supply. “We are returning to more balanced markets between homebuyers and sellers, one that places buyers on a more even footing. Housing activity has peaked and is coming down a bit, and we expect further cooling in the coming months. We feel confident that housing is landing softly as rates continue to rise.”
The national median existing-home price for all housing types—including single-family, townhomes, condominiums, and co-ops—was $218,000 in October, rising 16.6 percent from October 2004 when the median price was $187,000. The median is a typical market price where half of the homes sold for more and half sold for less.
Total housing inventory levels rose 3.5 percent at the end of October to 2.87 million existing homes available for sale, which represents a 4.9-month supply at the current sales pace.
“The rise in inventory means that buyers will have a wider choice available to them, and the significant price appreciation over October last year shows that demand is still there, as markets continues to balance themselves,” says NAR President Thomas M. Stevens from Vienna, Va. “Buyers know that housing is a good investment,” says Stevens, senior vice president of NRT Inc.
According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 6.07 percent in October, up from 5.77 percent in September; the rate was 5.72 percent in October 2004.
Single-family home sales dropped 2.5 percent to a seasonally adjusted annual rate of 6.23 million in October from 6.39 million in September, but were 3.3 percent above the 6.03 million-unit level in October 2004. The median single-family home price was $216,200 in October, up 16.6 percent from a year ago.
Existing condominium and cooperative housing sales fell 4.4 percent to a seasonally adjusted annual rate of 862,000 units from a pace of 902,000 in September. Last month’s sales activity was 6.7 percent above the 808,000-unit level in October 2004. The median condo price was $229,800, up 15.3 percent from a year ago.
Regionally, existing-home sales fell 1.2 percent in the West in October to a pace of 1.64 million, and were 3.8 percent higher than October 2004.
The median price in the West was 316,000, up 16.2 percent from October 2004.Total existing-home sales in the South declined 1.8 percent to an annual sales rate of 2.76 million units in October, and were 7 percent above October 2004. The median price in the South was $196,000, up 18.1 percent from a year ago.
Existing-home sales in the Midwest fell 1.9 percent to annual pace of 1.58 million units in October, and were 1.3 percent higher than a year ago. The median price in the Midwest was $170,000, which was 10.4 percent higher than October 2004.
Total existing-home sales in the Northeast declined 7.4 percent to a pace of 1.12 million units in October, and were unchanged compared to a year ago. The median existing-home price in the Northeast was $252,000, up 10.5 percent from a year ago.—NAR
Information supplied by: Chris Dowell www.DowellTeam.com
Serving greater Kansas City, including Olathe, Gardner, Overland Park, Lenexa and Shawnee Kansas.
City of Olathe News Briefs
City of Olathe News Briefs
November 28, 2005
City Council Meets This Week - December City Council and Planning Commission Meeting and Channel 7 Rebroadcast Schedules Modified
Olathe Housing Authority Recognized
The City of Olathe to Host First Annual "Olathe Recreation Night" at MNU on Dec. 3
City of Olathe Employees Exceed United Way Goal
Celebrate the Season with Winter Fest and Mahaffie Christmas Open House
City Council Meets This Week - December City Council and Planning Commission Meeting and Channel 7 Rebroadcast Schedules ModifiedBecause of the Christmas holiday and in order to allow council members to attend the National League of Cities Conference, the December City Council meeting schedule and City Cable Channel 7 meeting broadcast schedule have been modified to the following:
- Tuesday, November 29 - Regular City Council meeting - The meeting will be broadcast live and rebroadcast Wednesday, December 7 at 6 p.m.; Friday, December 9 at noon; Saturday, December 10 at 6 p.m.; and Sunday, December 11 at noon.- Thursday, December 15 ? City Council study session
- Tuesday, December 20 ? Regular City Council meeting - The meeting will be broadcast live and rebroadcast Wednesday, December 21 at 6 p.m.; Friday, December 23 at noon; Saturday, December 24 at 6 p.m.; and Sunday, December 25 at noon.
The December 26 Planning Commission meeting has been canceled due to the Christmas holiday.
For more information about the Olathe City Council, Planning Commission or City Cable Channel 7 visit www.olatheks.org or call 913-971-8600.
Olathe Housing Authority Recognized
For the fourth consecutive year the City of Olathe Housing Authority has earned an Outstanding Risk Control Award from the Housing Authority Insurance Group. Olathe qualified for the recognition by implementing the required nine risk control standards. Only 60 housing authorities nationwide were recognized with the award. By meeting the nine standards, Olathe will earn a $1,182 credit on the Housing Authority insurance premiums for 2006.
The Olathe's Housing Authority also earned a Low Loss Achievement Award from the Housing Authority Insurance Group. The award recognizes Olathe?s consistent positive performance in achieving a low loss ratio in general liability claims since 2001.
The City of Olathe to Host First Annual ?Olathe Recreation Night? at MNU on Dec. 3
Do you enjoy the excitement generated by a great game of basketball? Then, you should attend the City of Olathe?s first annual ?Olathe Recreation Night? at Mid-America Nazarene University (MNU) this Saturday.
Olathe Recreation Night will feature the MNU Pioneer men?s and women?s basketball teams competing against the Lindenwood University Lions of St. Charles, Mo. The women?s and men?s games will begin at 5:30 p.m. and 7:30 p.m., consecutively, on Saturday Dec. 3 at MNU?s Cook Center, 2030 E. College Way in Olathe.
Those attending ?Olathe Recreation Night? will be eligible to win great prizes as well as to purchase $1 hot dogs. The admission is free for families with a child wearing a youth basketball jersey to the game. Otherwise, the admission is: $5 for adults; $2 for students (college age & under); FREE for ages 5 and under.
The Olathe Community and Neighborhood Services Recreation Division and Mid-America Nazarene University are the sponsors of the event. For more information about ?Olathe Recreation Night,? call (913) 971-6263.
City of Olathe Employees Exceed United Way Goal
City of Olathe employees recently wrapped up their 2005 United Way Giving Campaign with a total of $38,347. This is over $7,000 more than the goal of $31,000. The money collected will be donated to the United Way of Johnson County to help fund programs provided by the 27 United Way supported health and human services agencies in Johnson County.
Celebrate the Season with Winter Fest and Mahaffie Christmas Open House
Usher in the holiday season this weekend with two free family holiday events. Olathe WinterFest, featuring the Mayor's Christmas Tree Lighting Ceremony, will be held the evening of Friday, December 2 and Mahaffie's Christmas Open House will be held all day Saturday, December 3.
WinterFest
WinterFest festivities will be held from 5-7:30 p.m., Friday, December 2, on the R.R. Osborne Plaza located on the west side of City Hall, 100 E. Santa Fe. The event will feature performances by music groups from Olathe high schools and elementary schools, as well as groups from MidAmerica Nazarene University, the Olathe Civic Orchestra, the Olathe Civic Band, and more. Children can visit with Santa Claus and ride the kiddie train. Plus there will be an ice carving by Johnson County Community College and Olathe North High School student art on display. Dinner from Celebrity's Sidewalk Café will be available for purchase with part of the proceeds benefiting the Mayor's Christmas Tree Fund.
Donations to the Mayor?s Christmas Tree Fund will benefit The Children?s Shoe Fund, Catholic Community Services, Temporary Lodging for Children and Families, CASA (Court Appointed Special Advocates), Cypress Recovery, Salvation Army and Foster Children of Johnson County.
The event is coordinated by the Olathe Noon Optimist Club and co-sponsored by the City of Olathe with K.C. Pumpkin Patch, the Olathe News and the Kansas City Star.
For more information visit www.olatheks.org or call 913-780-8181 or 913-971-6263.
Mahaffie Christmas Open House
The annual Mahaffie Christmas Open House will be held Saturday, December 3 from 10 a.m. to 4 p.m. at the Mahaffie Stagecoach Stop and Farm historic site, 1100 Kansas City Rd. The home?s formal parlor will showcase a tree decorated in the manner of the 1860s, while the sitting room will feature a tree reminiscent of the World War I era. Enjoy music by the Shady Grove String Band in the morning and a variety of children?s activities will be offered all day.
Meet Father Christmas, string popcorn or make an ornament in the stagecoach dining room to take home. Weather permitting, enjoy 19th century games and stagecoach rides outside. Shop for unique holiday gifts in the Mahaffie shop and with craft vendors displaying their wares in the house, including baskets from well-known basket maker, Robbie Wisdom.
For more information visit www.olatheks.org/Visitors/Mahaffie or call (913) 971-5111.
For more up-to-date City of Olathe info. including Construction Areas and Job Opportunities, visit the City website at www.olatheks.org.
Thank You!
Chris Dowell
Six Helpful Tips to Help Save Olathe & Gardner First-Time Homebuyers
Six Helpful Tips To Help Save Olathe & Gardner First-time Homebuyers Money… And Anxiety!
With interest rates on the rise, a multitude of flexible and low cost loan programs are available as well as a wide variety of assistance programs that can help virtually anybody experience the joy of homeownership. In short, the economic environment simply couldn’t be better to buy your first home.
However, if you have always been a renter than you probably aren’t as well informed of the intimate processes of obtaining a home mortgage, as you’d like to be. To guide you through this exciting but often confusing time, this report details six tips that will help make your purchase a much smoother experience, save you money and eliminate your anxieties.
1) Get Pre-qualified Before Starting Your Search
Before you begin your home search, before you make one single decision regarding a home purchase, get pre-qualified by a mortgage professional. Pre-qualification is free and will give you a definite advantage in the buying process.
During the evaluation stage, it will clarify your financial situation, indicating how much home you can afford. This may influence your decision for location, narrowing your search. You’ll also know exactly how much home you can afford, further clarifying your search.
Pre-qualification will also give you a step up on your competition. Homebuyers that are pre-qualified have increased leverage with Realtors and sellers over buyers who are not. Essentially a pre-qualified buyer becomes a “cash” buyer.
2) Shop Around For A Mortgage Professional
Like most industries, the quality of mortgage professionals can and does vary significantly. With the advancements in lending practices, consolidation between companies and aggressive start-ups there is significant awareness of the value of your business. So don’t immediately settle on the first lender you talk to. Shop your mortgage around to at least three lenders until you find one that you completely and unconditionally trust.
While rates are certainly one of the most significant factors in choosing a lender, compare closing costs, are their “points” involved or not (which is the percentage of the mortgage that the originator takes as commission) and how long is your pre-qualification good for. Traditionally, to get a prime rate you had to pay “points” at the closing, but this isn’t true anymore. Also, the pre-qualification should be good for at least three months and up to six months. In the past, some lenders only approved you for one month.
3) Don’t Become Fixated On The Interest Rate Alone!
Be careful! The lowest interest rate does not always translate to the best deal. Look at the loan programs that are being offered, not just the rate. There are several factors that have to be taken into account when evaluating programs – the loan type (fixed or adjustable), the loan term (15 year or 30 year), the rate and the down payment requirement.
Adjustable Rate Mortgage’s (ARM’s) are typically very low at the beginning but can escalate quickly. These are good for short-term purchases, but long-term mortgage holders are typically better off with a fixed rate.
If you can afford it, you may consider a fifteen-year mortgage. Typically the monthly payments are only 20% higher, and you cut off half the duration of your loan. Additionally, your credit will play a big part in what program will be offered to you. “A” paper, lender lingo for an applicant who has perfect credit may find a 6.5% rate with only 10% down. But if you have some credit history problems, sometimes referred to as “B” or “C” paper, you may find that to receive the prime rate you need 20% down. So shop around!
4) Clean Up Your Credit
By getting pre-qualified, you will be made aware of any potential credit problems in your credit history. Don’t despair if the credit report is not stellar. Even if an incident cannot be taken off the report, by knowing the background of your financial history your lender may be able to put your financial situation in a better light when submitting the actual loan application.
Review your credit report carefully. It is very common for non-payments to be listed that are not even yours. Your mortgage professional will help you address problems showing up on the credit report. Many times, a simple letter to the creditor explaining the circumstances at the time of the incident will rectify the situation. However this may take a few months, so start early.
5) Get A Realtor
As a first time homebuyer, the biggest mistake you can make is believing that you can save money if you do not use a Realtor ®. Although the seller pays the commissions, some listing agents will tell you they can represent both you and the seller fairly. While in some cases this may certainly be true, it’s better to be safe than sorry. Get a real estate agent that represents your interests solely. A buyer agent will make sure the home is inspected properly, do diligence on any hidden discovery and more times than not the money they save you on negotiating the price of your new home will more than off-set any reduction in price due to the commissions not being paid by the seller.
6) What Do You Want In A Home?
There will be many decisions as you start this process. Your Realtor will take you to several different homes, some you will like, some you won’t but most will land somewhere in between.
“You love this home except it doesn’t have…” or “That home would be perfect if it only had…” will be common phrases during this process.
Decide now what features you feel are “necessities” in a home and which features are items that would be “nice to have”. This list will no doubt change the farther along you go but the list will be extremely useful as you begin to look at homes. It will also be useful to the Realtor so he can better qualify the homes that he shows you.
We sincerely hope these tips are of value to you. If there is any way we can be of service to you please contact our office. We would consider it a privilege to be of service to you! If you would like a free consultation, please call our office at 913-980-5809.
Chris Dowell
Serving Greater Kansas City
www.DowellTeam.com
913-980-5809
With interest rates on the rise, a multitude of flexible and low cost loan programs are available as well as a wide variety of assistance programs that can help virtually anybody experience the joy of homeownership. In short, the economic environment simply couldn’t be better to buy your first home.
However, if you have always been a renter than you probably aren’t as well informed of the intimate processes of obtaining a home mortgage, as you’d like to be. To guide you through this exciting but often confusing time, this report details six tips that will help make your purchase a much smoother experience, save you money and eliminate your anxieties.
1) Get Pre-qualified Before Starting Your Search
Before you begin your home search, before you make one single decision regarding a home purchase, get pre-qualified by a mortgage professional. Pre-qualification is free and will give you a definite advantage in the buying process.
During the evaluation stage, it will clarify your financial situation, indicating how much home you can afford. This may influence your decision for location, narrowing your search. You’ll also know exactly how much home you can afford, further clarifying your search.
Pre-qualification will also give you a step up on your competition. Homebuyers that are pre-qualified have increased leverage with Realtors and sellers over buyers who are not. Essentially a pre-qualified buyer becomes a “cash” buyer.
2) Shop Around For A Mortgage Professional
Like most industries, the quality of mortgage professionals can and does vary significantly. With the advancements in lending practices, consolidation between companies and aggressive start-ups there is significant awareness of the value of your business. So don’t immediately settle on the first lender you talk to. Shop your mortgage around to at least three lenders until you find one that you completely and unconditionally trust.
While rates are certainly one of the most significant factors in choosing a lender, compare closing costs, are their “points” involved or not (which is the percentage of the mortgage that the originator takes as commission) and how long is your pre-qualification good for. Traditionally, to get a prime rate you had to pay “points” at the closing, but this isn’t true anymore. Also, the pre-qualification should be good for at least three months and up to six months. In the past, some lenders only approved you for one month.
3) Don’t Become Fixated On The Interest Rate Alone!
Be careful! The lowest interest rate does not always translate to the best deal. Look at the loan programs that are being offered, not just the rate. There are several factors that have to be taken into account when evaluating programs – the loan type (fixed or adjustable), the loan term (15 year or 30 year), the rate and the down payment requirement.
Adjustable Rate Mortgage’s (ARM’s) are typically very low at the beginning but can escalate quickly. These are good for short-term purchases, but long-term mortgage holders are typically better off with a fixed rate.
If you can afford it, you may consider a fifteen-year mortgage. Typically the monthly payments are only 20% higher, and you cut off half the duration of your loan. Additionally, your credit will play a big part in what program will be offered to you. “A” paper, lender lingo for an applicant who has perfect credit may find a 6.5% rate with only 10% down. But if you have some credit history problems, sometimes referred to as “B” or “C” paper, you may find that to receive the prime rate you need 20% down. So shop around!
4) Clean Up Your Credit
By getting pre-qualified, you will be made aware of any potential credit problems in your credit history. Don’t despair if the credit report is not stellar. Even if an incident cannot be taken off the report, by knowing the background of your financial history your lender may be able to put your financial situation in a better light when submitting the actual loan application.
Review your credit report carefully. It is very common for non-payments to be listed that are not even yours. Your mortgage professional will help you address problems showing up on the credit report. Many times, a simple letter to the creditor explaining the circumstances at the time of the incident will rectify the situation. However this may take a few months, so start early.
5) Get A Realtor
As a first time homebuyer, the biggest mistake you can make is believing that you can save money if you do not use a Realtor ®. Although the seller pays the commissions, some listing agents will tell you they can represent both you and the seller fairly. While in some cases this may certainly be true, it’s better to be safe than sorry. Get a real estate agent that represents your interests solely. A buyer agent will make sure the home is inspected properly, do diligence on any hidden discovery and more times than not the money they save you on negotiating the price of your new home will more than off-set any reduction in price due to the commissions not being paid by the seller.
6) What Do You Want In A Home?
There will be many decisions as you start this process. Your Realtor will take you to several different homes, some you will like, some you won’t but most will land somewhere in between.
“You love this home except it doesn’t have…” or “That home would be perfect if it only had…” will be common phrases during this process.
Decide now what features you feel are “necessities” in a home and which features are items that would be “nice to have”. This list will no doubt change the farther along you go but the list will be extremely useful as you begin to look at homes. It will also be useful to the Realtor so he can better qualify the homes that he shows you.
We sincerely hope these tips are of value to you. If there is any way we can be of service to you please contact our office. We would consider it a privilege to be of service to you! If you would like a free consultation, please call our office at 913-980-5809.
Chris Dowell
Serving Greater Kansas City
www.DowellTeam.com
913-980-5809
Thursday, November 10, 2005
FSBO: Why People Are Afraid To Buy From You!
Many homeowners believe that to maximize their profit on a home sale they should sell it themselves. At first glance, they feel selling a home is simple and why should they pay a broker fees for something they could do themselves? In fact, close to 15% of all the homes sold last year were sold for sale by owner (FSBO).
However, close to half of the FSBO’s said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why?
Many FSBO’s told us that the time, paperwork and everyday responsibilities involved were not worth the amount of money they saved in commissions. For others, the financial savings were even more disappointing. By the time they figured the amount of fees paid to outside consultants, inspectors, appraisers, title lawyers, escrow and loan officers, marketing, advertising... they would have been better off having paid the broker’s fee which would have included many of these charges up front.
Selling a home requires an intimate understanding of the real estate market. If the property is priced too high, it will sit and develop a reputation for being a problem property. If the property is priced too low, you will cost yourself serious money. Some FSBO’s discovered that the lost money as a result of poor decisions outweighed the commission.
Before you decide to sell FSBO, consider these questions and weigh the answers of assuming the responsibility versus employing a professional. A little time spent investigating up front will pay off tenfold in the end.
Questions To Consider:
1) Do I have the time, energy, know-how, and ability
to devote a full forced effort to sell my home?
One of the keys to selling your home efficiently and profitably is complete accessibility. Many homes have sat on the market much longer than necessary because the owner was unwilling or unavailable to show the property. Realize that a certain amount of hours each day is necessary to sell your home.
2) Am I prepared to deal with an onslaught of buyers who perceive FSBO’s
as targets for low balling?
One of the challenges of selling a home is screening unqualified prospects and dealing with lowballers. It often goes unnoticed... how much time, effort and expertise it requires to spot these people quickly. Settling for a lowball bid is usually worse than paying broker commissions. Why are you selling FSBO. Of course to save the commission and make more money. Why would a buyer, who can have a knowledgeable agent with all of their tools, turn down a tour from home to home, to buy a FSBO. Of course, to buy under value. Now how can th seller and buyer both be saving the same money?
3) Am I offering financing options to the buyer? Am I prepared to
answer questions about financing?
One of the keys to selling, whether it’s a home, a car... anything, is to have all the necessary information the prospective buyer needs and to offer them options. Think about the last time you purchased something of value, did you make a decision before you had all your ducks in a row? By offering financing options you give the home buyer the ability to work on their terms and open up the possibilities of selling your home quickly and more profitably. A professional real estate agent will have a complete team, from lenders to title reps for you to utilize...they’ll be at your disposal.
4) Do I fully understand the legal ramifications and necessary
steps required in selling a home?
Many home sales have been lost due to incomplete paperwork, lack of inspections or not meeting your states disclosure laws. Are you completely informed of all the steps necessary to sell real estate? If not, a professional would be a wise choice.
5) Do I have the capability of handling the legal contracts, agreements
and any disputes with buyers before or after the offer is presented?
Ask yourself if you are well versed in legalese and if you are prepared to handle disputes with buyers. To avoid any disputes it is wise to put all negotiations and agreements in writing. Many home sales have been lost due to misinterpretation of what was negotiated.
6) Have I contacted the necessary professionals... title, inspector (home and pest),
attorney, and escrow company?
Are you familiar with top inspectors and escrow companies? Don’t randomly select inspectors, attorneys, and title reps. Like any profession there are inadequate individuals who will slow, delay and possibly even cost you the transaction.
If these questions raise some concerns you may want to speak with a professional. I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service please contact me. I would consider it a privilege to serve you!
Chris Dowell
www.DowellTeam.com
However, close to half of the FSBO’s said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why?
Many FSBO’s told us that the time, paperwork and everyday responsibilities involved were not worth the amount of money they saved in commissions. For others, the financial savings were even more disappointing. By the time they figured the amount of fees paid to outside consultants, inspectors, appraisers, title lawyers, escrow and loan officers, marketing, advertising... they would have been better off having paid the broker’s fee which would have included many of these charges up front.
Selling a home requires an intimate understanding of the real estate market. If the property is priced too high, it will sit and develop a reputation for being a problem property. If the property is priced too low, you will cost yourself serious money. Some FSBO’s discovered that the lost money as a result of poor decisions outweighed the commission.
Before you decide to sell FSBO, consider these questions and weigh the answers of assuming the responsibility versus employing a professional. A little time spent investigating up front will pay off tenfold in the end.
Questions To Consider:
1) Do I have the time, energy, know-how, and ability
to devote a full forced effort to sell my home?
One of the keys to selling your home efficiently and profitably is complete accessibility. Many homes have sat on the market much longer than necessary because the owner was unwilling or unavailable to show the property. Realize that a certain amount of hours each day is necessary to sell your home.
2) Am I prepared to deal with an onslaught of buyers who perceive FSBO’s
as targets for low balling?
One of the challenges of selling a home is screening unqualified prospects and dealing with lowballers. It often goes unnoticed... how much time, effort and expertise it requires to spot these people quickly. Settling for a lowball bid is usually worse than paying broker commissions. Why are you selling FSBO. Of course to save the commission and make more money. Why would a buyer, who can have a knowledgeable agent with all of their tools, turn down a tour from home to home, to buy a FSBO. Of course, to buy under value. Now how can th seller and buyer both be saving the same money?
3) Am I offering financing options to the buyer? Am I prepared to
answer questions about financing?
One of the keys to selling, whether it’s a home, a car... anything, is to have all the necessary information the prospective buyer needs and to offer them options. Think about the last time you purchased something of value, did you make a decision before you had all your ducks in a row? By offering financing options you give the home buyer the ability to work on their terms and open up the possibilities of selling your home quickly and more profitably. A professional real estate agent will have a complete team, from lenders to title reps for you to utilize...they’ll be at your disposal.
4) Do I fully understand the legal ramifications and necessary
steps required in selling a home?
Many home sales have been lost due to incomplete paperwork, lack of inspections or not meeting your states disclosure laws. Are you completely informed of all the steps necessary to sell real estate? If not, a professional would be a wise choice.
5) Do I have the capability of handling the legal contracts, agreements
and any disputes with buyers before or after the offer is presented?
Ask yourself if you are well versed in legalese and if you are prepared to handle disputes with buyers. To avoid any disputes it is wise to put all negotiations and agreements in writing. Many home sales have been lost due to misinterpretation of what was negotiated.
6) Have I contacted the necessary professionals... title, inspector (home and pest),
attorney, and escrow company?
Are you familiar with top inspectors and escrow companies? Don’t randomly select inspectors, attorneys, and title reps. Like any profession there are inadequate individuals who will slow, delay and possibly even cost you the transaction.
If these questions raise some concerns you may want to speak with a professional. I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service please contact me. I would consider it a privilege to serve you!
Chris Dowell
www.DowellTeam.com
For Buyers: 10 Tips for First-Time Homebuyers
10 Tips for First-Time Homebuyers
1) Be picky, but don’t be unrealistic. There is no perfect home.
2) Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.
3) Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs. I recommend Ronnie Yarbrough from Firstrust for your mortgage needs. www.OlatheHomeMortgage.com
4) Don’t wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.
5) Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion. A good real estate agent will be able to advise you if you have explained to them your needs, wants and goals.
6) Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area? Can you get the seller to pay the amount to break your lease?
7) Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that suit you best. Most people buy off of emotions rather than what fits their goals. Write your goals down and make sure the home you buy fits those goals.
8) Don’t let yourself be “house poor”. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals. Most foreclosures happen because people fail to plan.
9) Don’t be naïve. Insist on a home inspection and, if possible, get a warranty from the seller to cover defects within one year. A good home warranty will cover the mechanical items in your home for upto one year. Some warranties can be extended beyond 1 year.
10) Get help. Consider hiring a REALTORÒ as a buyer’s representative. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. And often, buyer’s reps are paid out of the seller’s commission payment. Agents get paid the same, whether they represent the seller or the buyer. Doesn't it make sense to have the agent represent you. With all of their tools, it is well worth it.
Thanks,
Chris Dowell
Selling: How to Get Every Dollar You Deserve... by Getting
The ability to reap additional profits on the sale of your home can be accomplished easily enough if you make the right improvements. Many changes can provide the prospective buyer with enhanced feelings about your home. Feelings of more space, more light, more rooms, more closet space, greater privacy, warmth and security. Basic, simple and inexpensive improvements can provide an improved emotional response in a potential buyer.
An example could be something as small as a crack in the paint on a wall. Simply by applying some plaster and touch up paint, you eliminated what may be an unstated concern that your home was poorly maintained. Though the feeling may be unconscious, it’s just as important that the potential buyer feel an overall desire for your home. If you are working with a small budget these simple techniques will work absolute wonders:
1. The Magic of Mirrors!
Mirrors can provide a greater sense of space and elegance when properly placed. Be careful not to overdo it, but when placed properly throughout your home, each area will seem larger to the potential home buyer. Try looking in your attic or basement for any old mirrors, but be sure they have a nice frame or at least give the frame a new coat of paint. You may also want to visit a local flea market or garage sale, you can almost always get a great deal on an old mirror or two. Putting one foot square mirrors on a closet door in the master bedroom is always an attractive touch.
2. Adding Additional Closet Space
One of the biggest complaints heard from potential buyers is that there just isn’t enough closet space! Simply purchasing an inexpensive closet organizer and installing it in any or all of your closets can make all the difference. You can also try putting a rod across one corner of a bedroom for hanging clothes. Also you could try hanging a screen made from a variety of materials. The screen could match the material of the bedspread, drapes etc. The idea here is to be creative so that the “fake closet” looks as though it was a part of the room.
3. Make a Bare Wall Beautiful
Wallpaper is inexpensive, quick and easy to do! The right wallpaper can brighten the room or hallway and bring it back to life. Be careful to choose something with a neutral design or pattern, remember you’re trying to move out.
4. Bring Old Floors Back to Life!
Nothing turns off a potential buyer quicker than dull, dingy, disgusting looking floors. Whether you have wax, wooden or tiled floors do whatever you can to make them shine again! For wax floors, either rent a floor machine and do it yourself or, if it’s in your budget, hire a professional. Have a professional give you an estimate and explain exactly what they would do to bring your floors back to life. If you have them explain what they would do, it may be just as easy to do it yourself. If you have carpeted floors you should either have the carpet steam cleaned or install new carpeting. This may sound expensive but new carpeting can add thousands of dollars to the value of your home.
5. Add Attractive Plants
Having plants in the house is not only healthy for you but you create a warm feeling with them. Many indoor plants are far less expensive then you might imagine. Attractive pots such as ceramic, brass or even designer plastic will add a designer flair to your home. Hanging plants such as Boston ferns are inexpensive, easy to care for and would go great in your new home wherever you move.
6. Adding a Room Without Calling in the Contractor!
This simple but seldom used technique, can give a buyer the feeling there are more actual rooms in your house. Floor to ceiling room dividers are inexpensive and simple to install. When a buyer walks through your home, they will generally count the rooms in a subconscious manner. Each room will present an emotional response as they walk through your home. By dividing and designing each side of your room, you create a “ separate room” feeling in the potential buyer. It may sound crazy but it works!
7. Clean Up the Bathroom
We’ve probably all heard that phrase a hundred times growing up as children! Well guess what? It’s still valid. Give your bathroom a face-lift if needed: fresh paint, decorative moldings, tile grout, new designer faucets are allattractive eye catchers.
8. What is That Smell?
Though people don’t like to admit it, everyone's home has a certain smell to it. We just never notice it because we live with it day in, day out. Strategically placing fresh scent devices throughout the home will be pleasant to the nose of any potential buyer. As a matter of fact, an old Realtor trick is to pop some cinnamon rolls in an oven 5 minutes before a showing. I bet you thought all Realtors just had a sweet-tooth!
I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service please contact me anytime. I would consider it a privilege to be of service to you!
Chris Dowell
Serving Kansas City, including Gardner, Olathe, Lenexa, Shawnee, Overland Park, Leawood & Johnson County
www.DowellTeam.com
(913) 980-5809
An example could be something as small as a crack in the paint on a wall. Simply by applying some plaster and touch up paint, you eliminated what may be an unstated concern that your home was poorly maintained. Though the feeling may be unconscious, it’s just as important that the potential buyer feel an overall desire for your home. If you are working with a small budget these simple techniques will work absolute wonders:
1. The Magic of Mirrors!
Mirrors can provide a greater sense of space and elegance when properly placed. Be careful not to overdo it, but when placed properly throughout your home, each area will seem larger to the potential home buyer. Try looking in your attic or basement for any old mirrors, but be sure they have a nice frame or at least give the frame a new coat of paint. You may also want to visit a local flea market or garage sale, you can almost always get a great deal on an old mirror or two. Putting one foot square mirrors on a closet door in the master bedroom is always an attractive touch.
2. Adding Additional Closet Space
One of the biggest complaints heard from potential buyers is that there just isn’t enough closet space! Simply purchasing an inexpensive closet organizer and installing it in any or all of your closets can make all the difference. You can also try putting a rod across one corner of a bedroom for hanging clothes. Also you could try hanging a screen made from a variety of materials. The screen could match the material of the bedspread, drapes etc. The idea here is to be creative so that the “fake closet” looks as though it was a part of the room.
3. Make a Bare Wall Beautiful
Wallpaper is inexpensive, quick and easy to do! The right wallpaper can brighten the room or hallway and bring it back to life. Be careful to choose something with a neutral design or pattern, remember you’re trying to move out.
4. Bring Old Floors Back to Life!
Nothing turns off a potential buyer quicker than dull, dingy, disgusting looking floors. Whether you have wax, wooden or tiled floors do whatever you can to make them shine again! For wax floors, either rent a floor machine and do it yourself or, if it’s in your budget, hire a professional. Have a professional give you an estimate and explain exactly what they would do to bring your floors back to life. If you have them explain what they would do, it may be just as easy to do it yourself. If you have carpeted floors you should either have the carpet steam cleaned or install new carpeting. This may sound expensive but new carpeting can add thousands of dollars to the value of your home.
5. Add Attractive Plants
Having plants in the house is not only healthy for you but you create a warm feeling with them. Many indoor plants are far less expensive then you might imagine. Attractive pots such as ceramic, brass or even designer plastic will add a designer flair to your home. Hanging plants such as Boston ferns are inexpensive, easy to care for and would go great in your new home wherever you move.
6. Adding a Room Without Calling in the Contractor!
This simple but seldom used technique, can give a buyer the feeling there are more actual rooms in your house. Floor to ceiling room dividers are inexpensive and simple to install. When a buyer walks through your home, they will generally count the rooms in a subconscious manner. Each room will present an emotional response as they walk through your home. By dividing and designing each side of your room, you create a “ separate room” feeling in the potential buyer. It may sound crazy but it works!
7. Clean Up the Bathroom
We’ve probably all heard that phrase a hundred times growing up as children! Well guess what? It’s still valid. Give your bathroom a face-lift if needed: fresh paint, decorative moldings, tile grout, new designer faucets are allattractive eye catchers.
8. What is That Smell?
Though people don’t like to admit it, everyone's home has a certain smell to it. We just never notice it because we live with it day in, day out. Strategically placing fresh scent devices throughout the home will be pleasant to the nose of any potential buyer. As a matter of fact, an old Realtor trick is to pop some cinnamon rolls in an oven 5 minutes before a showing. I bet you thought all Realtors just had a sweet-tooth!
I sincerely hope these tips and ideas are of value to you. If there is any way I can be of service please contact me anytime. I would consider it a privilege to be of service to you!
Chris Dowell
Serving Kansas City, including Gardner, Olathe, Lenexa, Shawnee, Overland Park, Leawood & Johnson County
www.DowellTeam.com
(913) 980-5809
