What is Market Value (Cost) When purchasing a home in Kansas City, it’s important to understand the difference between cost and value in real estate. In other words, the “FOR SALE” price doesn’t determine market value. The best way to illustrate my point is with an example like this: Which buyer got the better deal? It depends. To answer …
Have you ever thought about investing in real estate? Many people who have watched house flipping shows on TV might think it’s a quick way to get rich. While I’m a huge fan of real estate investing, unlike the tv shows, this isn’t a great way to “Get Rich Quick”. Further, flipping houses, in my …
Getting Started in Real Estate: Why Waiting Isn’t the Best Option When you think about the Kansas City Royals, it’s easy to imagine the team wanting to hit home runs to win games. But if the Royals only relied on home runs, they wouldn’t be very successful. While home runs are exciting, they are not …
In the world of real estate, the term “as-is” can mean different things to different people. When buying real estate, you might think “as-is” equates buying to some dilapidated money pit. When selling real estate, you might think “as-is” means you’re able to pass on your problems to the next person without any repercussions. However, …
What questions do you have about real estate? More importantly, what questions have you never thought to ask? Famous jazz composer and trumpeter Miles Davis once said “Don’t play what’s there, play what’s not there.” There are a couple ways you could interpret what he said. 1. Micro Level: Musicians have to know what belongs and what …
In real estate school, they taught us to determine a property’s value using price per square foot (PPSF). Essentially, dividing the average sale price for a neighborhood by the average square footage to determine an average PPSF. Multiply your PPSF by the house’s square footage to determine it’s value. It’s simple enough way to value …
In the age of the internet, it’s very easy to have information overload. That’s definitely true in real estate. There are over 800 single family homes for sale in Johnson County right now; 211 in Overland Park alone. Inventory is relatively low, but that’s still a lot of houses. So, it’s very easy to spend hours and hours …
Two Ways to Ensure Your Pool Will Be a Positive Thing; Not a Problem By Jennifer Kirby – Guest ColumnistAugust 30, 2024 A pool is a great investment. It’s an investment in your enjoyment, health, entertainment, and memories for years to come. It keeps the kids and grandkids coming back. Also, if you don’t have …
According to the National Association of Realtors® (NAR), 7% of homes sold last year were For Sale By Owner. This ties the all-time lowest percentage recorded in 2021. Clever Real Estate recently did a survey of 1,000 sellers to find out why they chose not to have an agent. Sellers who opted to sell their …
I believe buying real estate in Johnson County, KS is a fantastic way to build long-term wealth. It’s an especially great place for first-time home buyers, because of how relatively affordable it is to buy a house here. You can usually depend on home appreciation in Johnson County to stay just above inflation. Plus, the Midwest generally …