Edward Rippee

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Kansas City Realtor Ed Rippee - Hands On Customer Service

4/24/2017
Kansas City Realtor Ed Rippee is all about hands on customer service. From initial consultation to putting pen to paper, you can count on Ed Rippee for a smooth experience with the greatest attention to detail. What are the secrets of customer service in the real estate world. How do you know if you are getting a real estate agent that is all about your satisfaction and not just the commision? The following are five ways to tell if you are getting the customer service you deserve.
1. A Kansas City Realtor Will Be Willing To Go The Extra Mile
Will your Kansas City realtor give you that sense of "wow" whenever possible? Providing extra information that you didn't request. A Kansas City Realtor like Ed Rippee will provide more information to satisfy your real estate queries.
2. A Kansas City Realtor Will Empathize
It's all about putting yourself in another's shoes, in this case Kansas City Realtor Ed Rippee understands what you are going through during your search, whether it be first time buying, downsizing, or relocation. Regardless of good news or bad news, empathy allows the communication to stay on track, solving problems along the way should they arise.
3. A Kansas City Realtor Is Always Responsive
This goes without saying, that a client should have immediate follow up. Will your real estate agent be seen as an office with office hours? Kansas City Realtor Ed Rippee communicates after hours and on weekends.
4. A Kansas City Realtor Knows Effective Communication
It's not just simple communication anymore. In a world where emoticons rule smartphones and texts are the norm for conversation, it's important that you find a real estate agent who's involved in thoughtful emails and authentic phone calls like Kansas City Realtor Ed Rippee.
5. Kansas City Realtor Will Appreciate You
Have you ever received a hand written "thank you" letter. You'll know if the relationship was mutual. Real estate agents should let you know how much they care about the experience you've shared.

Low Inventory Of Homes In Kansas City - Real Estate Ed Rippee

4/11/2017
According to recent reports, the United States is experiencing a shortage in real estate. The different segments are starter homes, trade-up homes, and premium homes. The number of starter and trade-up homes have decreased over the last four years. Fewer homes are on the market for any income level of home buyer. With the shortage, the home prices are going up.
Home buyers are looking for inventory information related to the specific segment they are interested in. Just because the total inventory changes, potential first-time home buyers won't know changes in their specific segment. There is a relationship between inventory and affordability. It is important to track inventory in each segment because changes in inventory are likely to induce changes in affordability.
Inventory has dropped for all three segments, but less for premium homes. Around the country, the inventory has dropped 40% since 2012. Rising prices from the inventory drop is causing homebuyer gridlock. Kansas City real estate is heading into the spring house-hunting season. The inventory is low and affordability has been affected. 
At the bottom of the housing market four years ago, starter homes were affordable. Homebuyers needed 32.2% of their income to buy a media priced starter home. Today the amount is 37.7% of income. The 5.6 percentage increase is higher by far than the 2.6 and 1.4 percentage point increase from trade-up and premium segments. Kansas City's numbers are better than the national average. 16.8% of income is needed to buy a starter home, almost 21 percentage points lower.
Reasons why the inventory is so low could be that investors bought many of the foreclosed homes during the recession and turned those homes into rentals. Another reason would be that homeowners are unlikely to sell their homes and take a loss. Homebuyer gridlock happens when the growing difference between premium homes prices and trade-up home prices, causing a decrease in trade-up home inventory.

Increases In Single-Family Permits Towards Pre-Recession Times

3/23/2017
According to a report by the Home Builders Association of Greater Kansas City, there has been an increase of 17 percent in single-family permits in 2016 compared to 2015. For the past 5 consecutive years, the amount of single-family permit activity has risen, and currently is at its highest level since ten years ago.
The recession was back in 2007. According to the numbers, in 2005 there were 11,893 single-family permits. The following year, in 2006, there was a decline to 9,384 single-family permits. The trend continued the next year in 2007, with 6,386 single-family permits. Finally in the recession year of 2008, only 3,232 single-family permits were issued.
As for multifamily units, there was almost the same trend increase from 2015 to 2016, with a total of 9,658 as opposed to 8,695. This 11 percent increase is making us think that home construction is steadily rising toward pre-recession levels, which is great for the real estate market. Builders are hopeful that 2017 will continue the trend towards a pre-recession level, as this rebound in home construction will strengthen our economy.
Out of all the areas in Kansas City, inside the city limits had the highest single-family permit numbers with 1,090. This was a solid 15 percent increase from 2015. You can use Ed Rippee's property search here for new single-family and multi-family homes built from 2015 onward in and around the city limits of Kansas City. Just use the filter and select either single-family or multi-family, then use the "More" dropdown to choose from the Year Built "Min Year". The Re/Max results that Ed Rippee can show you from the property search are quite detailed, getting you zoned in on your perfect home.

Kansas City Ranked No. 15 Among Metropolitan Areas For Commercial And Multifamily Property Construction

3/14/2017

The Real Estate Investment market in Kansas City has always been good. Commercial real estate developers during 2016 made it great. Kansas City ranked No. 15 among metropolitan areas for commercial and multifamily property construction*. Over 2 billion in new commercial and multifamily projects were started. The commercial and multifamily construction projects included stores, hotels, office buildings, warehouses, housing and commercial garages. 

The report noticed that market fundamentals may not be quite the same in 2017, it's still assumed that commercial projects will still see growth. As for multifamily housing, the metropolitan area that appeared in 2016 should continue in 2017. Factors that could affect commercial and multifamily construction starts in 2017 would be because of the current presidency. Two items proposed by the Trump Administration are the reduction in business tax rates to spur investment and the easing of the Dodd-Frank regulations on the banking sector.

Kansas City has a wealth of real estate investment choices and just as many people to help guide you to the right property. Before you go down the road of looking into Real Estate Investment Properties, make sure you partner with a trusted and knowledgeable Real Estate Agent. Ed Rippee has the industry experience to guide any Real Estate Investor to the right property for the right reason. Whatever your real estate inquiry is, Ed Rippee is the professional to handle it.

Go to RE/MAX property search where you can filter by commercial construction and multifamily homes. 

*Information provided by Dodge Data & Analytics

** Full article - http://www.bizjournals.com/kansascity/news/2017/02/15/2016-commercial-const…

Kansas City Real Estate Agent Ed Rippee Has Featuring homes in Parkville, Missouri

1/19/2017
Kansas City Real Estate Agent Ed Rippee Has Featuring homes in Parkville, Missouri ranging from $100,000 to $3,000,000. Ed Rippee also has vacant land ranging from $25,000 to $100,000. Parkville is located approximately 10 miles from downtown Kansas City. It is a vibrant community known for its dynamic business districts and quiet neighborhoods. Parkville has a growing population of approximately 5,500 residents as well as a growing number of homes for sale. Parkville has a thriving, historic downtown area with great shopping, dining, and community events.
Kansas City Real Estate Agent Ed Rippee Has Featuring homes in Parkville, Missouri
Don't miss out on great homes for sale in Parkville by making an uninformed offer or agreeing to sale that you don't fully understand. Ed Rippee is the real estate agent that can help you navigate the complex process of identifying homes for sale that meet your many specifications, arranging showings, making competitive offers and negotiating closing costs, scheduling inspections, and more. Ed Rippee understands the intricacies and legalities of real estate, and with his industry experience and savvy you can successfully find and purchase homes for sale in Parkville, MO. 
You are going to want to have a real estate agent with experience if you are looking at homes for sale in Parkville, MO. Someone who knows the area is crucial, as they can guide you to the home of your dreams in the perfect neighborhood. Helping make your Parkville home buying experience a dream come true is what Ed can do. He is always looking for potential real estate buyers and sellers in the Parkville area and surrounding Kansas City. Call Ed Rippee at (816) 866-5043 if you would like more information about homes for sale in Parkville, MO.

Four Things Agents Consider When Setting Listing Prices For A Home In Kansas City

1/5/2017

There’s no online calculator for setting the perfect listing price for your home in Kansas City. It takes experience, market savvy, and even a bit of psychology. A strong listing agent can help you set the right, most competitive price for your home. Here are a few things Real Estate agents like Ed Rippee look at:

1. The competition
The prices of similar homes in Kansas City that either are currently listed or sold during the past few months. Ed Rippee will take into account how many days the properties were on the market, and how the listing prices for those homes differed from the final sale prices.

2. Market trends
What’s affecting the listing market in Kansas City's different neighborhoods? Ed Rippee will consider national factors that shape the real estate market, such as possible rising interest rates, as well as local factors, like whether the average home price in your neighborhood in Kansas City has been rising or falling. He will also think about things such as new companies moving to the area in the near future, or plans for improving local amenities, like parks and shopping districts. All can increase the value of your home to a buyer.

3. Your neighbors
Although a home the same size and age recently sold for a high price, your own place might not fetch the exact same fortune if, say, junk cars continue to proliferate in your neighbor’s driveway. On the flip side, if the grass is in fact greener on the other side of the fence, your home’s value may be higher due to your neighbors’ curb appeal.

4. The Goldilocks price
Listing your home in Kansas City at a price that’s “just right” from the start is critical to selling it quickly, for the best price. Overpricing your home, and then dropping the price a few times while it sits on the market, could lead to a lower final sales price than if the home was priced appropriately from the beginning. And, of course, setting a price that’s too low leaves money on the table.

Wondering how much your home might be worth in today’s market? Call Ed Rippee at 816-213-9362. He can explain how these and other considerations could factor into a pricing strategy for your home.

 

Why Arenít Appraisals Good, Fast and Cheap?

9/23/2016

Every Real Estate agent is asked about the appraisal process and it is almost always the same questions: Why they are needed? Why is it so expensive? Why does it take so long to get the appraisal scheduled or completed? I have been a Realtor for some time and I thought I would share a few of my thoughts and experience with you on this topic. So take it from me, Ed Rippee ReMax Results of Kansas City, and hopefully this helps clear a few things up on the appraisal process.

Perhaps you have heard this before but there is a belief that you should be able to get a good appraisal quickly and fairly inexpensively. This good, cheap, and fast appraisal myth is just not a reality and I thought I would give you my thoughts on why. I’ve heard construction workers say you can ask for Good, Fast and Cheap but you really only get two of three.

Good and Fast won’t be Cheap * Cheap and Fast won’t be Good * Good and Cheap won’t be Fast

Real Estate Appraisers are busy, extremely busy, and in high demand. There are just not enough qualified appraisers to handle the workload. A qualified appraiser, with a solid track record of producing Good Appraisals is an endangered commodity in the real estate industry. This expertise doesn’t happen because you took a class and looked over a few comps. An appraiser must know the ins/outs of the Real Estate business and have the integrity to not cut corners or overlook significant details. His/her reputation depends on accuracy and trustworthiness, which he recognizes also affects the reputation of those he is in business with, lenders, buyers/sellers, and real estate agents. A qualified appraiser is in high demand because the reports he produces are consistently credible.

What is A Good Appraisal?

This is not a simple question and does not get a simple answer. Some feel a good appraisal means you get the results you want, while others believe that is based on factual details. So, the definition of a good appraisal can vary depending on who you ask. Instead of giving you each party’s perspective, let’s focus on the factors that make the report good:

* Accuracy

* Quality of information

* Detailed physical property descriptions

* Analysis of comparable property sales

* Reasonable valuation

If you are appraising a 2 bedroom and 1 bathroom, and your comps are for 3 bedrooms and 2 bathrooms and the property description is vague…you may not have a good appraisal. The proof of a good appraisal is in the details and details take time to analyze.

Is a Fast Appraisal Bad?

The short answer is NOT Always! If the appraiser is familiar with the area (market conditions and sales) then a quick turn-around makes sense. A fast appraisal does not always mean it is a bad appraisal. Most appraisers work a territory or region and become very familiar with recent sales, the neighborhood, market trends, issues, and details. So, a quick report is not abnormal; however, being familiar with an area could be a problem if the appraisal process has become “cookie-cutter” and certain details are being overlooked. If the appraiser is speeding through the property observation, assumes this house is

just like all the others, or takes shortcuts to complete the research and analysis, the results may not be accurate or reliable. A fast appraisal still needs to be detailed and thorough.

How Cheap is a Cheap Appraisal?

Generally, the word cheap means poor quality and in the world of appraisals this might actually be true. An appraisal takes time, with a significant amount of detailed analysis. Also, an appraiser with experience has earned the right to be fairly compensated for his/her years of experience and trustworthy reputation. I can understand occasionally an appraiser may offer a discounted rate as a promotion, but consistently charging a lowerrate (undercutting the market rate) may mean the appraiser is willing skip steps and accuracy for revenue. Are you willing to make a hundreds of thousands of dollars purchase on the advice of someone willing to not be fully compensated for their time, expertise, and experience?

Although some areas are appropriate to look for a cheaper deal, when it comes to an appraisal you want to make sure you get a Good and Thorough Appraisal from a Reputable Appraiser. This is the person that sets the value of your home or property, so they better know their own worth as well.

Summary of My Good, Fast and Cheap Appraisal Thoughts

Ed Rippee ReMax Results of Kansas City wants you to be informed and protected throughout the entire home buying and selling process. The valuation of your home is a huge piece of the process and so I hope I have helped. To summarize my thoughts lets go back to the original 3 facts and I will give you my closing thought on each one.

Good and Fast won’t be Cheap

A good appraisal requires a lot of work, so if you want it fast you will have to pay for it to be made a priority over other appraisals.

Cheap and Fast won’t be Good

If an appraisal is done quickly and for a reduced rate assume corners were cut and steps were skipped.

Good and Cheap won’t be Fast

A good appraisal done for a cheap price will probably sit longer and get bumped by a top priority appraisal at full price.

So remember what Ed Rippee ReMax Results of Kansas City has to say on this one…A good appraisal takes time AND a good appraiser deserves to be paid for their expertise.

The 6 Resources You Must Use When Buying a Home

7/1/2016

Scrolling through online listing photos, scouting for the best neighborhoods, and pondering décor in your new home is fun. But the home search itself is not the only enjoyable experience; the entire home buying process can be pleasant when you have Ed Rippee ReMax in Kansas City on your side.

Here are the top six resources you should use to make buying a home easier and enjoyable.

1. A Wants vs. Needs Checklist

First determine what price, location, size, and any special features your new home must have. Then you can hone in on your favorite properties by searching for additional features that you would prefer.

2. A Mortgage Payment Calculator

What do you want your monthly mortgage payments to be? We have an easy mortgage payment calculator you can use to find out how much you can afford for a home. This tool takes into account the length of the loan, the interest rate, and annual tax and insurance to calculate how much you will pay every month.

3. A Reliable Home Search Tool

If you are using national real estate sites to search for homes near you, keep in mind that you are not seeing all the homes that are for sale. HousingWire reported that websites such as Zillow show fewer listings than are available in many major cities, which means you could be missing out on the best home.

The best source for your home search is Ed Rippee ReMax in Kansas City and a database of available properties called the Multiple Listing Service (MLS).

4. A Local Neighborhood Guide

Choosing the best home involves more than the property itself. It’s important to research areas and neighborhoods. Here are a few questions you may want to consider when researching communities:

  • Does the community offer amenities, such as a swimming pool or fitness center?
  • What are the parking options in the community?
  • Where is the nearest grocery store, gas station, or shopping area?
  • How is the local school district?

We have helpful information about neighborhoods and areas on our website that you can use when searching for a home.

5. A List of Recently Sold Homes

Researching the real estate market will also make your home search much easier.

If you are thinking of buying a home in a particular community, ask us for the Neighborhood Sold Report, which can help you determine whether the home is fairly priced.

You can always ask Ed Rippee about the real estate conditions in this area, too.

6. A Local Real Estate Expert

But your best resource for buying a home in this area is the local real estate expert. Ed Rippee will have all of the tools you will need, including sold data and an easy-to-use home search, to help you easily find the best home.

Are you ready to buy a home? Let Ed Rippee ReMax in Kansas City help! Contact us today and we can work with you to find your ideal home.

7 Things You Must Do When Relocating

6/24/2016

Anytime you relocate to a new area, whether it’s a city just a few miles away or across the country, you face a unique set of challenges, and Ed Rippee ReMax in Kansas City is here to help!

The housing market, the transit, and even the weather may not be what you’re used to. Planning your move can be difficult, too, since you need to coordinate when, where, and how you’ll be moving your belongings to a new area.

Because moving to a completely new area means learning about a new housing market and a new community, we wanted to share a few helpful relocation tips to make it a much easier experience for you.

1. Research Housing Costs

Home prices for similar properties can vary drastically from one city to another. Take some time to research the real estate market, and consider these questions when searching for your new home:

  • How much are local property taxes?
  • How large a home can you afford?
  • Is it cheaper to rent or buy a home?

2. Check the Weather

If you’re moving far away from your current home to relocate to a new area, you may want to consider the new weather conditions and adjust your wardrobe.

For instance, someone who relocates from Florida to Alaska will need more winter coats, snow boots, and blackout curtains for the longer summer days. That’s an extreme example, but it can give you an idea of what to consider when relocating to a new area and a new climate.

3. Research Healthcare Professionals

You will need to choose a new dentist, doctor, and optometrist when relocating. Check local recommendations for healthcare professionals around the area before moving. That way you’ll have one less thing to worry about when you get there.

4. Test Your Commute

Give yourself enough time to test your drive to work, to the grocery store, or to other points of interest after you move. Traffic varies at different times of the day and week, so you may need to spend some time driving along different roads to get an idea of what to expect.

5. Plan for Your Move

two people packing cardboard boxesStart packing now so you’ll be less stressed later. Make a detailed plan for how you are shipping your belongings, what day you will be moving, and how you will get to your new home. Consider these packing tricks:

  • label moving boxes by room
  • keep a list of items that are in each box
  • keep your most valuable possessions with you

6. Adjust Your Home Search Checklist

Moving to a new area means you may have to adjust your home search based on the housing market, weather conditions, and commute. If you need help, just ask. We’re here to help you in any way we can.

7. Take One Step at a Time

Relocating to a new area can seem overwhelming. We recommend setting small goals. Search for homes for just 20 minutes. Pack just one box for the move. Make a list of pros and cons for just one community. You’ll be ready to relocate in no time.

Ed Rippee ReMax Kansas City is Here to Make Your Relocation Easier

It’s much easier to move and adjust to a new area when you have Ed Rippee ReMax to help you along the way. That’s why we’re here. We can give you all the information you need to know about relocating to Kansas City, maybe even details you wouldn’t have thought about. Our ultimate goal is helping you find the property that is best for you.

And, Ed Rippee also wants you to love living in Kansas City just as much as we do. There is so much to explore, and we want to make it easier for you to get here and start spending your time enjoying our area.

Call Ed Rippee for more relocation tips — we’re more than happy to help.

Kansas City Housing Market Well Positioned for Busy Summer Home Buying Season

6/17/2016

The summer months should be quite busy for Kansas City home buyers, sellers and Kansas City real estate agents alike!

As we head into June, real estate analysts are saying that the housing market is poised for a successful (and busy!) summer home buying market.

Several factors are at play, experts say, including low housing inventory, pent up demand and increasingly optimistic sellers.

One thing’s for sure: The next few months should be very interesting from a housing market perspective!

What Every Buyer and Seller Should Know About Market Activity

According to the latest sales figures released by the National Association of Realtors, sales of previously owned homes increased in March by the most in four years.

In fact, purchases increased 6.1 percent to a 5.19 million annualized rate, which is the highest level it’s been since September 2013.

On average, homes were being purchased in 52 days on average, which is the fastest sales rate the country has seen since July.

Here are some more highlights from the latest data report:

  • The share of first-time buyers increased slightly while distressed properties made up a smaller part of the market
  • The number of homes for sale increased in March for a second month.
  • In fact, that gain was the biggest since December 2010.
  • Figures from the Mortgage Bankers Association showed that the group’s index of purchase applications increased in recent weeks to the highest level since June 2013.
  • The Standard & Poor’s 500 Index increased 0.5 percent to 2,107.96 recently, which is within 12 points of a record high.
  • More sellers expressed confidence about buyers entering the market as the weather warms, further helping to increase the supply of properties for sale.
  • In fact, the number of existing properties for sale increased 5.3 percent to 2 million in March from a month earlier.
  • And sellers’ instincts about buyer interests appear to be spot on. For instance, 40 percent of homes sold in March were on the market for less than a month.
  • The median price of an existing home jumped 7.8 percent from March 2014 to March 2015, to $212,100. That’s the most since February 2014.
  • Meanwhile, the cost of a purchased house was 5.4 percent higher in February from the same time last year, which is tied with May 2014 for the biggest gain.
  • Purchases increased in all four U.S. regions, led by a 10.1 percent increase in the Midwest. They were up 6.9 percent in the Northeast, 6.3 percent in the West and 3.8 percent in the South.
  • Sales of single-family homes rose 5.5 percent to an annual rate of 4.59 million, which is the most it’s been since August 2013.
  • Meanwhile, closings on multifamily properties (including condominiums) increased 11.1 percent.
  • Purchases of distressed properties represented 10 percent of the total, which is down from 11 percent in February.
  • Also, the average rate for a 30-year fixed mortgage was 3.67 percent recently. The rate was 3.59 percent in February, which was the lowest in almost two years.

One Small Concern is On the Minds of Experts

Experts did express concerns about how fast home prices were rising, which they credited in part to low housing inventory. Thus, economists said the best way to fix that is to increase the supply of homes for sale on the market.
It will be interesting to see if enough sellers enter the market in the next couple of months to temper those price increases.

Ed Rippee ReMax is Your Real Estate Market Experts!

We hope you have found the information above as insightful and encouraging as we did.  Please check back here soon for more updates on the state of the housing market. We’re confident that having this knowledge will help you make savvier decisions as a buyer or seller.

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