Those who have been paying close attention to how the houses for sale in Johnson County have been performing may have observed the results of the dreaded “multiple offer situation.” When a closing price seems to rise unexpectedly, it could be because of something called the “Notice of Best and Final.” That notice can be issued by a listing agent … [Read more...] about Best and Final: the Dreaded Multiple Offer
When the Wall Street Journal or Forbes run mortgage rate stories as their lead items, those of us who keep an eye on the Johnson County and surrounding Kansas City real estate market pay close attention. We frequently share what they say here. But when even the non-financial outlets like USA TODAY and the cable TV news channels give top billing to … [Read more...] about Mortgage Rates Could Offset Johnson County Housing Price Rises
Last week, Johnson County home sellers saw more than the usual number of reasons to look forward to this spring’s local home sales selling season. It looked like the opposite of the lengthy real estate “Perfect Storm” that caused freefall across the national landscape. Signs pointed to the possibility that we may be headed into the opposite market … [Read more...] about Johnson County Home Sales Prospects: Anything But “Calm”!
The Weather Channel has nothing to do with it. Our two recent snowstorms in Kansas City, likewise. The ‘snowball effect’ being discussed in print and on TV won’t soften anytime soon. This is an economic snowball -- one that’s gathering momentum following what CNN’s Money website describes as “the best year for U.S. real estate market in five … [Read more...] about Housing’s ‘Snowball Effect’ Not Likley to Melt Soon
Anyone who is buying a house in Johnson County -- or even just checking up on the market -- is likely to find that some of the rules of the game seem to have shifted. Particularly anyone expecting to be deluged by the kind of amazing deals being offered in 2008 and 2009 should see what we mean. As the latest housing statistics continue to paint … [Read more...] about Buyer Beware: Strategies That Get You Nowhere
The sun rises in the east and, almost as dependably, someone in Congress comes up with the bright idea of chipping away at the mortgage interest rate deduction. Think of all that money Washington could spend! The National Association of Realtors® is one of the main reasons that idea doesn’t get much traction – nor many of the other threats to the … [Read more...] about NAR Pushes Homeowner Facts versus Fiction
The holiday décor is down; neighborhood kids are back in school; January’s social calendar looks amazingly clear (compared with the previous two months, anyway)… so, what now? One suggestion we might offer: put some serious thought into acting on those financial New Year’s resolutions – at least the ones dealing with your real estate plans. Doing … [Read more...] about Johnson County Real Estate 2013: The Year We Get Off Our Hands