Market StatsReal Estate May 7, 2024

$229,000 – 909 S. Broadway St., Leavenworth, KS 66048

Completely Renovated – NEW PRICE – $229,000
1.5 Story🏡 – 4 Bed 🛏️ – 2 Bath🛁
Fenced Yard – Parking in Back

Schedule a showing today!

Have a great day,
Gregory Weis
913-579-4106  Cell
913-631-2900  Office
gweis@cbregan.com

           

Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.

Market StatsReal EstateTips for BuyersTips for Sellers April 29, 2024

Now’s a Great Time to Sell Your House

Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.

Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Maethe percent of respondents who say it’s a good time to sell is on the rise (see graph below):

No Caption Received

Why Are Sellers Feeling so Optimistic?

One reason why is because right now is traditionally the best time of year to sell a house. A recent article from Bankrate says:

“Late spring and early summer are generally considered the best times to sell a house. . . . While today’s rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”

These are the seasons when most people move. That means buyer demand grows. And because there still aren’t enough homes for sale to meet that demand, sellers see some serious perks. According to Rocket Mortgage:

“Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”

What Does This Mean for You?

More sellers are coming to realize conditions are ripe for a move. And that’s one reason why we’re seeing more homeowners put their homes up for sale. If you think you might want to get in on the action, it’s a good idea to start preparing.

A local real estate agent can help you get your house ready by offering advice on how best to fix it up and make it appealing to buyers in your area.

They also know if you list during the peak buying seasons of spring and early summer, you might sell quickly and for a higher price.

Bottom Line

If you list during the spring and early summer, you might sell your house quickly and for a higher price. When you’re ready to make the most of today’s seller’s market, get in touch with a local real estate agent.

This post was first published on Keeping Current Matters.

Market StatsReal EstateTips for BuyersTips for Sellers April 24, 2024

Quarterly Skinny – Q1 2024

Market Highlights Kansas City Metro Area Q1 24′ vs Q1 23′

  • Pending Sales ⏫ 4.9%
  • Closed Sales 🔻 2.6%
  • Available Homes for Sale 🔻1.8%
  • Sales Prices ⏫ 4.2%
  • Percent of Original Price Received 🔻to 97.3%

If you have more questions about this information, feel free to reach out for more information.

Have a great day,
Gregory Weis
913-579-4106  Cell
913-631-2900  Office
gweis@cbregan.com
www.GregWeis.com

           

Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.

Market StatsReal EstateTips for BuyersTips for Sellers April 19, 2024

Myths About the 2024 Housing Market

Some Highlights

  • When it comes to the current housing market, there are some myths circling around right now.
  • Some of the more common ones are that it’s better to wait for mortgage rates to fall or prices to crash. But there are others about the supply of homes for sale and down payments.
  • Lean on a real estate professional to help separate fact from fiction in today’s housing market.

This post was first published on Keeping Current Matters.

Market StatsReal EstateTips for BuyersTips for Sellers April 16, 2024

Avoid Wire Fraud – Personal Email Rules

Fraud attempts happen when individuals (Buyers & Sellers) have provided email credentials in a phishing attack at some point in the past. These may have happened 5-20+ year ago without your knowledge but could effect you today.

Scammers set rules in your email account to forward legit emails and then delete the forward automatically. This allows the scammer to spoof parties to the transaction (Lender, Title Company, Realtor, etc.) and insert fraudulent wire instructions or fraudulent pay off instructions that seem legit. The scammers will intercept actual emails and replace them with the fraudulent instructions and make it look like it’s being sent by a party to the transaction.

To help avoid this from happening to you, I’m providing some flash cards with step by step instructions to help you eliminate scammers who might already have access to your inbox. (Need to do these on a computer NOT your phone).

Funds being targeted in real estate transactions: Buyer’s funds for closing, Seller’s proceeds, Payoff letters.

  • Nearly 1 in 4 are targeted with suspicious communications.
  • More than 1 in 10 become targets of fraud.
  • More than 1 in 20 become victims of fraud.

Take these tips to protect your email to help avoid becoming a victim of wire fraud.

Market StatsReal Estate April 11, 2024

Greater KC area Fast Stats – March 2024

Market Highlights Kansas City Metro Area March 24′ vs March 23′

  • Home sales are ↘️ 0.5% to 2,712 closed sales.
  • Home prices are ↗️ 3.4% to $341,117 average sales price.
  • Home inventory ↘️ 1.8%%  to 5,115 total homes available.
  • Home monthly supplies are ↗️ 12.5% to 1.8 months supply.
  • Average days on market ↗️ 19% to 50 days on market.
  • Percent of original list price ↘️ 0.6% to 98.3% of price received.

If you have more questions about this information, feel free to reach out for more information.

Have a great day,
Gregory Weis
913-579-4106  Cell
913-631-2900  Office
gweis@cbregan.com
www.GregWeis.com

           

Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.

Market StatsReal EstateTips for BuyersTips for Sellers April 10, 2024

Top 5 Reasons To Hire an Agent When Buying a Home

Some Highlights

  • Hiring an agent when buying a home helps you understand the buying process and the local market.
  • They’ll also go over contracts and fine print with you, so you understand what you’re agreeing to. Plus, they’re good at negotiating, making sure you get the best deal.
  • Expert advice from a trusted real estate professional is priceless. Connect with a local agent today.

This post was first published on Keeping Current Matters.

Market StatsReal EstateTips for Buyers April 8, 2024

909 S. Broadway St., Leavenworth, KS 66048

Completely Renovated – $245,000
1.5 Story🏡 – 4 Bed 🛏️ – 2 Bath🛁
Fences Yard – Parking in Back

Schedule a showing today!

Have a great day,
Gregory Weis
913-579-4106  Cell
913-631-2900  Office
gweis@cbregan.com
www.GregWeis.com

           

Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.

Market StatsReal EstateTips for BuyersTips for Sellers April 8, 2024

4 Tips To Make Your Strongest Offer on a Home

Are you thinking about buying a home soon? If so, you should know today’s market is competitive in many areas because the number of homes for sale is still low – and that’s leading to multiple-offer scenarios. And moving into the peak homebuying season this spring, this is only expected to ramp up more.

Remember these four tips to make your best offer.

1. Partner with a Real Estate Agent

Rely on a real estate agent who can support your goals. As PODS notes:

“Making an offer on a home without an agent is certainly possible, but having a pro by your side gives you a massive advantage in figuring out what to offer on a house.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for. That advice can be game changing when you’re deciding what offer to bring to the table.

2. Understand Your Budget

Knowing your numbers is even more important right now. The best way to understand your budget is to work with a lender so you can get pre-approved for a home loan. Doing so helps you be more financially confident and shows sellers you’re serious. That gives you a competitive edge. As Investopedia says:

“. . . sellers have an advantage because of intense buyer demand and a limited number of homes for sale; they may be less likely to consider offers without pre-approval letters.”

3. Make a Strong, but Fair Offer

It’s only natural to want the best deal you can get on a home, especially when affordability is tight. However, submitting an offer that’s too low does have some risks. You don’t want to make an offer that’ll be tossed out as soon as it’s received just to see if it sticks. As Realtor.com explains:

“. . . an offer price that’s significantly lower than the listing price, is often rejected by sellers who feel insulted . . . Most listing agents try to get their sellers to at least enter negotiations with buyers, to counteroffer with a number a little closer to the list price. However, if a seller is offended by a buyer or isn’t taking the buyer seriously, there’s not much you, or the real estate agent, can do.”

The expertise your agent brings to this part of the process will help you stay competitive and find a price that’s fair to you and the seller.

4. Trust Your Agent During Negotiations

After you submit your offer, the seller may decide to counter it. When negotiating, it’s smart to understand what matters to the seller. Once you do, being as flexible as you can on things like moving dates or the condition of the house can make your offer more attractive.

Your real estate agent is your partner in navigating these details. Trust them to lead you through negotiations and help you figure out the best plan. As an article from the National Association of Realtors (NAR) explains:

“There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. A real estate professional who’s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs . . .” 

Bottom Line

In today’s competitive market, be sure to work with a local real estate agent to find you a home you love and craft a strong offer that stands out.

This post was first published on Keeping Current Matters.

Market StatsReal Estate April 4, 2024

366 N. Ferrel St., Olathe, KS 66061

NEW Listing – $475,000
2 Story🏡 – 4 Bed 🛏️ – 2.1 Bath🛁
3 Car – Fences Yard – Sprinkler

Schedule a showing today!

Have a great day,
Gregory Weis
913-579-4106  Cell
913-631-2900  Office
gweis@cbregan.com
www.GregWeis.com

           

Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.