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February 2008

• Feb. 21, 2008 - Kansas City Area January Sales Statistics

Kansas City Area-Home Sales Statistics

Below is the summary for home sales statistics for January, broken down by county.  There are buyers out there, but less than last year.  Once this weather breaks for good--sales will be up.

Jackson County

833 pending sales vs 905 pending sales Jan 07. Down almost 8%

Average sales price down 11.52%

More inventory--up almost 6%.

Johnson County

593 pending sales vs 725 pending sales Jan 07. Down 18%.

Average sales price up 4.5%

Inventory up--4.5%

Now is the time to buy!  Interest rates have edged up but there is still too much inventory, sellers are willing to wheel and deal!  Take advantage of this market now if you are thinking of purchasing this year!

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• Feb. 7, 2008 - Tips For Visiting An Open House

Tips for Visiting An Open House-Part 1

Thinking about buying?  Whether it's now or a year from now, you are probably  out looking at houses on Sundays,  to 'see what's out there'.  This is an excellent time to do just that--you get a feel for the area and current prices.  Here's some tips on open house tours  from an agent perspective:

1.  If you are just looking and not ready to buy--don't feel like you are wasting your time or the agent's.  You are learning something about the market, about housing, with every house you visit. For the agent, it's more exposure for the house:  it may not be the one for you, but you may know someone who's looking in the area.  The key to a successful  open house is exposure to a wide variety of people. Most agents like to talk to open house visitors-whether they plan to buy or not.

2.  Take an information sheet from the agent.  Ask how long the house has been for sale, and why the sellers are moving.  This gives you an indication of how much the seller may bargain (longer time on market can equal more bargaining power) and how motivated the seller is (have they already purchased another house? are they relocating to another city?).

3.  Check the exterior of the house--does it need a fresh coat of paint? Do you see a lot of wood rot? Is the yard well trimmed and neat?  Also look at the houses nearby--are those homes well kept? Attractive from the street? Does it look like neighbors take pride in their homes?

4.  Note what you like and dislike about the house--and tell the agent!  We want the feedback!  Sellers want to hear that information as well.  Be diplomatic but do give your opinion--it counts!

More tips coming next week...  My open house this Sunday Feb 10 is an updated Brookside beauty at 6720 Locust in Armour Hills Gardens--stop by!

 

 

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Comments and information regarding Kansas City real estate on both sides of the state line: MO and KS. Areas include Brookside, Waldo, Prairie Village, Leawood, Red Bridge, Overland Park and others. Personal musings and random thoughts may be included as the mood strikes!

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