Edward Rippee

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Listing Your Home With Ed Rippee ReMax Results of Kansas City

6/16/2017

Kansas City Realtor Ed Rippee has been selling homes for years. You can definitely trust Kansas City Realtor Ed Rippee when it comes to selling your home! To help you get ready to list your home with Kansas City Realtor Ed Rippee, here are a few of his favorite tips for listing your home:  

1. We can't stress enough the importance of making a first impression. Buyers have already judged your home before they walk through the door. You don't get a second chance to make a good impression, starting with curb appeal. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. Keep the lawn mowed and any trash picked up. Kansas City Realtor Ed Rippee suggests placing a small bench or a rocker and some plants on the porch. Inside, a vase of fresh-cut flowers is attractive, or even setting out some fresh-baked cookies will create a warm, inviting atmosphere.

2. Make sure your home is available and "show-ready" at all times. You have to be available whenever they want to come see the place and it has to be in tip-top shape. 

3. The kitchen is the most important room in the house when it comes to Kansas City Realtor Ed Rippee selling your home and the benefits of remodeling your kitchen are endless. You can conceivably get 85% of your money back. Buyers may knock $10,000 off the asking price if the kitchen looks dated. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.

4. The more personal stuff in your house, the less potential buyers can imagine themselves living there so you need to remove personal items. This includes family photos, memorabilia collections and personal keepsakes. Kansas City Realtor Ed Rippee will will help stage your home to maximize its full potential, by arranging your furniture and adding décor to best showcase the home.

5. Quick fixes before selling always pay off but Kansas City Realtor Ed Rippee cautions against going overboard. You probably won’t get your money back if you do a huge improvement project. Instead, do updates that will pay off and get you top dollar.

6. It is a good idea to have your house pets away when the home is showing. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. When Kansas City Realtor Ed Rippee schedules an open house, send your pets to a boarding facility or a family or friend for the day.

When it is time to choose a listing agent for selling your home, Kansas City Realtor Ed Rippee is the right choice. He has the experience and skills necessary to get your home on the market quickly and under contract fast. Call or text us today, or visit our website at 913-203-1863. Website: www.edrippee.com

Renovations and Home Owning Kansas City ReMax Results Ed Rippee

5/23/2017

When it comes to renovations and home owning Kansas City ReMax Results Ed Rippee offers some of the best advice. He is an experienced Realtor, so if you are looking for guidance your next renovation or repair, he's your best bet. You may not think of going to a real estate agent for advice on renovations and home owning; however, a real estate agent can assist you in deciding if your desired improvements add or remove value in your neighborhood.

Home owning can be an expensive endeavor, mostly in annual maintenance and repairs. If home owning involves renovations to keep your house current and updated. then your new kitchen, deck or room addition could cost you more than just a loan. Usually the biggest obstacle is how to finance the job - until it comes time to sell your home. This is when you find out if the home improvements make or cost you money.

Depending on your particular circumstances, Casey Fleming, author of "The Loan Guide: How to Get the Best Possible Mortgage" and a mortgage professional, says "If your current mortgage is not all that favorable, refinancing your first mortgage is the way to go." But, he adds, that comes with one caveat: You don't want to still be paying for the improvements long after their shine has worn off. The single biggest mistake that people make is getting a loan for a longer time than the improvements will last.”

Ed Rippee ReMax Results Kansas City points out that when getting a loan, or second mortgage, if you run out of cash before the renovation is finished, you may not be able to get a loan of any kind until your home is livable again. Here are just a few options homeowners have to financing home improvements. Cash, of course, is obviously the best way, since you won't be incurring more debt. But how many of us have that kind of money lying around? When it comes to home owning Kansas City ReMax Results Ed Rippee says it's best to pay cash but that often means only doing one small project at a time. 

  • A home-equity line of credit can be a good choice. With this type of loan you borrow a fixed amount and make payments over a specified period of time. "A home equity loan is the best option only if you're allergic to adjustable rates," Fleming says. "It's still cheaper than a construction loan." 
  • You might be able to cover a smaller renovation on your credit cards, or at least use them for the materials. Most cards, however, charge a fee for cash advances. One advantage to doing this is you would earn rewards points.
  • Get a construction loan, which is used to build a house or make major renovations. Ed Rippee suggests this if you are building a major addition that will cost more than the equity you have in your home. Those loans are not always easy to find, and they come with a lot of requirements. Generally, a construction loan is a short-term loan, and you refinance into a traditional mortgage loan once the home or renovation is complete.

There are other options to explore, as well, and as an experienced real estate agent on the topic of home owning Kansas City ReMax Results Ed Rippee would be pleased to go over these and other points in your renovation financing options.

Kansas City Realtor Ed Rippee and Predictions of Housing Market's Slower Growth

5/9/2017

Kansas City Realtor Ed Rippee has been watching housing trends for years. As one of Kansas City’s most trusted Realtors, Ed Rippee feels it is his responsibility to monitor national and local reports on the housing market. He prides himself on being able to turn the confusing statistics into helpful home buyer and home seller information. Information you can use to make decisions about when is the best time to buy or sell your home.

Recent reports indicate that there were less homes on the market at the end of 2016 in the greater Kansas City metro area. The National Association of Realtors began tracking the supply of all housing types in 1999 and is a trusted source amongst realtors, including Kansas City’s own Realtor Ed Rippee. Likewise, BizJournals.com reports that, at the beginning of 2017, the housing forecast from Realtor.com projected Kansas City will have one of the weakest housing markets in the country. This Realtor.com report ranked Kansas City 83rd out of 100 top U.S. Metro areas in a list of strongest to weakest housing markets.

Kansas City Realtor Ed Rippee reports the Kansas City market may be week in comparison to other US Metro Cities – but the Kansas City market is far from week or slow. In fact, we are seeing steady and moderate price gains. This growth is slightly above the national averages of projected growth of 3.9% gain in home prices and a 1.9% increase in sales growth.

Ok, so the national report deems the Kansas City Real Estate Market as slow or week. Truth is our buying market is strong. The issue is in a shortage of supply. Now is the time to put your house on the market! When there is little to choose from, houses sell faster. Kansas City Realtor Ed Rippee encourages existing homeowners to list their homes while demand is high and there is very little competition. Listing your real estate now could lead to a quick sale for a really good price. Homes are staying on the market for about two months, and nearly one in five homes going under contract in March sold within two weeks. Interestingly, more than 20% of homes are selling for more than the asking price.

Ed Rippee ReMax Results Kansas City is Your Real Estate Market Expert! He is here to assist you with understanding these market reports and the effect they can have on your decisions about when a real estate sale or purchase in the Kansas City area is right for you.

 

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.

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