Whether you're buying or selling a property, choosing the right Kansas City real estate agent is an extremely important first step in the process. When reviewing the Kansas City real estate agent credentials, choose someone with experience – one who has been operating in the Kansas City area for a few years. This agent is more likely to know the local market and can help you find the best deals. An agent with less experience could still be a good choice if he or she is aware of the best neighborhoods and trends regarding prices in your area.
Check to see if the Kansas City real estate agent has a legal, current license to buy and sell real estate. You can check your state's listing of current agents. From this you can make a list of agents you want to contact.
When looking for a Kansas City real estate agent, check out their website, looking for any honors or other recognition he or she has received. These are signs of quality in an agent.
Asking friends and family for recommendations can be a good idea, if they have had positive experiences. You can also learn of any negative qualities they might have encountered.
Finding a Kansas City real estate agent who is part of a larger team could mean the difference in response time and availability. However, a single agent can work well for you, especially if one with strong credentials.
Ask your potential Kansas City real estate agent if they are planning any vacations during the time you will be requiring their services, and if so, do they have someone acting for them in their absence?
Look online for current property listings – have your potential agent show you their current listings. Make sure they are similar to what you are looking for.
Ask for references from clients they have successfully represented and then follow up with a call to some of those.
One of the most important factors to consider in your search for a good Kansas City real estate agent is how they represent themselves and what they offer to do for you. You want to stay away from agents who charge a significantly lower percentage than other local agents. Agents who charge lower commission may not be as adept at finding the best deals.
Whatever your particular needs are, finding a Kansas City real estate agent that you want to work with is the first step to take. There are several Kansas City real estate agent directories online that let you view and compare real estate agents, read reviews, see current listings and past sales, and contact agents directly from their profile pages.
Ed Rippee ReMax Results of Kansas City is a reliable agent with proven credentials, and is available to meet with you. Call or text us today, 913-203-1863 or visit our Website: www.edrippee.com
Ed Rippee, Kansas City Realtor Explains Why Real Estate Agents are Struggling to Find Inventory
Currently in the Kansas City area there are 14 percent fewer homes for sale than there were just a year ago. Usually the Spring and Summer months are the busiest for buyers and sellers, according to Ed Rippee, Kansas City Realtor, who is struggling to find inventory. The buyers abound, but there are few homes for sale, and when they are listed, they go fast. This is not unique to Kansas City, but is a problem throughout the nation, with the lowest number of homes for sale in 20 years. According to data gathered by Trulia, an online real estate listing site, with data distributed by The Associated Press, all of the larger metro areas in the country have seen a marked decrease in available homes for sale since 2012, but Kansas City had the largest decrease – 55.4 percent fewer homes available, with the biggest decrease in mid-range homes.
Fortunately for home sellers, they are getting much higher prices than they might normally. Premium homes for sale in Kansas City are showing more significant price increases than the area has seen in a very long time. The median price for a premium home is in almost $370,000. A trade-up home is averaging a bit over $150,000 compared to just over $130,000 in 2012. Even starter homes for sale are getting premium prices, up 7 percent in the past several years. It is a highly competitive process for most home buyers, as available homes are being snatched up almost as soon as they are listed.
Most experts agree that the reason for the slow growth in the Kansas City real estate market is due in part to the recession of the past 7 years. Reluctance of buyers could also be a factor, as the sellers balk at the possibility of not being able to find a new home to buy by the time they leave the old one they just sold. Additionally, recent census data indicates that the area has increased considerably in population – people are moving here for new tech jobs and the business growth in Kansas City is remarkably sound, however, the new residents are buying existing homes, and not building new ones, which adds to the shortage of available homes for sale.
Ed Rippee ReMax, Kansas City Realtor, encourages homeowners to take advantage of the buyer activity going on right now. The selling price is highest right now, but it won't stay that way once more homes for sale become available. Also, experts are predicting that new construction of single-family homes built this summer will further bring the prices down. The choices buyers have right now couldn't be better, so don’t wait until all this other inventory comes on the market before you sell.There may never be a better time to move up.
Instant Offers and iBuyers - Ed Rippee ReMax Results
Ed Rippee ReMax Results has a few concerns about a growing trend in the real estate world - Zillow's “Instant Offer.” It is readily apparent that the “iBuyer” concept, as it has been dubbed, which is the ability to buy a home online, is changing all the rules – for agents, brokers and home-sellers alike. It appears to be aimed at eliminating the need for a Realtor altogether in the sale of property. With the inception of this new concept of home-selling, Ed Rippee ReMax Results has some concerns about the effect on the future of the real estate industry. This could change the way real estate companies do business.
Ed Rippee ReMax Results explains that the concept and promotion of an instant offers program appears to be geared toward sellers who value speed and convenience over the highest final sales price. The proponents of online home-selling state the primary goal of the service is to give homeowners and sellers transparency and more choices. They offer incentives such as free home evaluations and an over-all faster process from the first click online to getting the key to their new home. Zillow's program offers agents paid entry into their network of instant offer sales by providing the buyer and seller with a comparative market analysis. Ed Rippee ReMax Results understands that the program includes Realtors and sellers alike. Sellers who participate in the instant offer programs also pay a fee to the investor who purchases their home. It is unclear if a buyer agent will be involved in any home sales. Zillow claims the program is designed to generate leads for the Realtor, but have not yet announced details, such as how high the investor fees will be, or details about commissions.
While it is certain changes are coming at a fast pace, they won't happen overnight, and in the meantime, Ed Rippee ReMax Results is still here, doing business. If home buyers value speed and convenience above a higher sales price, Instant Offers may be an excellent option for you. If getting the highest possible sales price is your selling goal, consider listing with Ed Rippee ReMax Results. We offer comprehensive, affordable, flat-rate home sales, and we'll publish your listing on Zillow, Trulia, Realtor.com, the MLS and thousands of popular real estate sites to maximize your buyer exposure. We'll also do all the paperwork and be there every step of the way to answer your questions.
Kansas City Relator 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
ReMax Results Ed Rippee - Advice on Home Inspections
Kansas City Relator Ed Rippee extends his congratulations on the purchase of your new home. It is now time for ReMax Results Ed Rippee to guide you through the the next step - the home inspection. A property inspection can be overwhelming if you haven't dealt with it before, and ReMax Results Ed Rippee takes the worry out of the process, keeping you fully informed every step of the way.
There are a few things that ReMax Results Ed Rippee advises every home buyer should know. We’ve compiled a brief list for you to check out before you hire an inspector. We can go into it in more depth when you come in to speak with us. ReMax Results Ed Rippee encourages home inspections, although they are not required. The home buyer is responsible for the cost of an inspection. The home inspection must be done by a certified professional. ReMax Results Ed Rippee can recommend a certified inspector.
Home inspections usually cover:
Foundation and basement
Any additional structural components
Interior plumbing systems
Interior electrical systems
Heating and cooling systems
Condition of windows
Condition of doors and door frames
Condition of floors, walls, and ceilings
The attic and any visible insulation
Some issues may require a specialist who will give you a more in-depth examination
Inside the walls
Roof or chimney repairs
Wells, sheds, or additional structures separate from the main house
If there is problem that is not covered in the initial inspection, ask ReMax Results Ed Rippee about getting it checked out by a specialist.
Most home inspectors recommend that home buyers attend the inspection. Home inspectors are required to provide you with an official home inspection report. Who pays for the repairs resulting from the inspection is usually negotiated between the seller and the buyer.
ReMax Results Ed Rippee suggests that for a successful negotiation you should prioritize your list of repairs, focusing on a few, key points from the report. The seller will be less likely to become defensive and more willing to bear some of the cost. One exception to this is if a home is being marketed “As Is”, meaning when the seller is unwilling or unable to make repairs.
ReMax Results Ed Rippee is available to go into greater detail covering all aspects of home inspections. Call or text us today, 913-203-1863 or visit our Website: www.edrippee.com
Listing Your Home With Ed Rippee ReMax Results of Kansas City
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
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
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.
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
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
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
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.