Todd's Blog
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Is it a "Seller's Market" in Johnson County?
The fall housing market is off to a roaring start! First Time Homebuyer's are busy taking advantage of historically low interest rates, Click Here for Today's Rates, as well as the tax credit. This buyer activity is improving the overall market by freeing up move up buyer's into the higher price ranges. Currently in Johnson County, price ranges less than $400,000 are experiencing a market inventory of 6 months or less which is categorically a "Seller's Market". Seller's in these price ranges are receiving on average 96.6% of their list price. However, my seller clients are receiving on average 98.6% of your list price! I know this can be a busy time of year for everyone but this market is a great opportunity to move up if you have been considering doing so in the near future. If you or anyone you know is considering a move or needs a home please contact me with their contact information and it will be my pleasure to follow up with them.
To begin your search for a home in Overland Park or Johnson County visit my website, http://toddohlde.yourkwagent.com/ or simply call me on my cell phone, 913-568-7355 and we'll arrange a meeting to discuss your needs and get you moving.
2009 First Time Home Buyer Tax Credit
What a great time to be a first time home buyer! Wow! Not only is it a buyer's market, interest rates are below 6% and now the government is providing you with a tax credit!
To learn more about if you qualify for the tax credit visit my website. As long as you have not owned a property in last 3 yrs you qualify as a first time home buyer and the $8,000 tax credit is NOT a loan so you won't have to pay it back as long as you live in the home for 3 years.
Once you discover you qualify for the tax credit begin your search for a home. Simply create a Search Saver account at my website and view home for sale in the Overland Park, KS area.
To contact me to get started simply call me on my cell phone 913-568-7355 or send me an email tohlde@kw.com
Don't wait you need to buy before Nov. 30th, 2009 to take advantage of the credit.
Leawood Condo
| 11614 Tomahawk Creek Pkwy #G - Leawood, KS. 66211 |
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Leawood Condo Convenient & Affordable Leawood Location! Beautiful 1 Bdrm Condo Near Town Center Plaza Shops, Theatre, Restaurants, Sprint Campus, Tomahawk Creek Hike & Bike Trail, City Parks, & Grocery. You won't find a better location at in this price range! Offers a reserved parking space and HOA dues are $158/mon. Great condition with new carpets and designer decor. Appliances included!
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Todd Ohlde
Keller Williams OVERLAND PARK
Cell:913-568-7355
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Listing Information |
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| Listing #: | 1516519 |
| Price: | $110,000 |
| Bedrooms: | 1 |
| Bathrooms: | 1 |
| Sq. ft.: | 877 |
| Acreage: | 0 |
| Property Type: | Residential |
| Style: | Raised Ranch |
Features |
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| Taxes: | 1585 |
| Lot Dimensions: | Zero Lot |
| Year Built: | 1996 |
| Garage: | Reserved Parking |
| Roof Type: | Tile |
| Exterior: | Brick/Frame |
| Heating: | Forced Air |
| Cooling: | Central Air Conditioning |
| Fireplace: | None |
| Water: | HOA Provided |
| Sewer: | Public Sewer |
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Cost vs. Value Report - "Top 10 Value Remodels in K.C."
Are you thinking about doing a remodel to your existing home in Kansas City. If you are, you should know how much of the cost of the project can be recouped in value if you decided to sell. Recently Remodeling Magazine published the results of their 2007 Cost vs. Value Report. The following are the Top 10 remodeling projects based on cost recouped in Kansas City:
1. 77.1% - Siding Replacement
2. 75.2% - Deck Addition (Wood)
3. 74.2% - Minor Kitchen Remodel
4. 73.3% - Window Replacement (Vinyl)
5. 71% - Window Replacement (Wood)
6. 69.5% - Major Kitchen Remodel
7. 68.6% - Bathroom Remodel
8. 65.8% - Attic Bedroom Remodel
9. 65.3% - Two Story Addition
10. 65.1% - Basement Remodel
For a description of each of these projects please visit: http://www.costvsvalue.com/kansascity.html and click on the project name. You can also see the remaining projects and their cost recouped. This report for Kansas City did include data from Johnson County, KS.
Is the market as "bad" as it's being reported?
Is anything ever as "bad" as it's reported? Not very often. In fact, "The Market" is local. In other words the news you hear reported is typically national reports. When what you, Mr. Buyer or Seller, need to know is: What are local market conditions? This is a very important question to ask any real estate professional before you decide to buy or sell a home. If you are like most buyers and sellers you will be selling your current home and buying another. So, another question for you: Is it better to buy in a "buyer's market" or sell in a "seller's market"? If you wait to sell in a "seller's market" then you will be buying in a "seller's market". So which is better? Unless you're moving to another part of the country it's rarely a "buyer's market" and a "seller's market" in the same city. Therefore, it's never a "bad" market. The simple fact is you need to work with a trusted real estate professional who can explain local market conditions in a way you can understand so you can apply. Also understand the basic investment strategy of "buy low - sell high", meaning you make your money on your buy not your sell. So, truly it could not be a better market to buy a home than right now! So what are waiting for? I know your answer: "Market conditions to improve." Hmm :)
Currently, the Kansas City market is a "buyer's market". However, there are segments/price ranges where it's more of a balanced market. This can be better for sellers in those segments but unfortunately this is were the national news reports influence the buyer's perception of the market and influence offers.
