Edward Rippee

Broker-Salesperson

My Blog

How to Know When You NEED a Real Estate Agent

10/10/2017

When you are asking yourself 'Do I need a real estate agent?' there are a number of things to consider. Whether you are planning to sell your home, or buy a new home, it may be in your best interest to select a real estate agent.

Why I need a real estate agent.

Purchasing real estate is an intricate process. There is no substitute for having an experienced professional negotiate for you. This is someone who knows the market, and can help save you money and time, as well as handling all the details of paperwork.

It is important to understand that there is more to a real estate agent than you may have believed – for one thing, it matters which type of real estate agent you choose. If you are selling your property, for example, then you need a 'seller's agent' – this is someone who will work to get top dollar for your home. He will make sure your property is listed at the right price, and made available in the right market.

If you are searching for a new property, then you need a 'buyer's agent'. A buyer's agent represents you exclusively. Some of the services a buyer's agent will provide is researching sales data from tax rolls and MLS listings, demographics and other neighborhood sources. They will suggest pricing strategy and prepare a strong offer that presents you with the best information available based on market demands. They will network with other agencies and negotiate with the seller's agent.

Some agencies are called a 'dual agency', in which agents represent both the buyer and the seller at the same agency. This is not illegal in most states, but it can present a conflict of interest in some circumstances. It may not be the best choice when choosing a real estate agent.

When I need a real estate agent.

When it is time to put your home on the market, or to start looking around for your next one, you should incorporate the services of a skilled real estate agent from the very start. He will begin the process of searching for buyers or sellers and find properties matching your criteria. He will be knowledgeable about properties in the area you are concerned with.

What your real estate agent should do for you.

A top-notch real estate professional will work for you, keeping your best interests in mind at all times. He will search properties, make market comparisons, find the best available deals for you. He will consult with you frequently, keeping you informed of the steps he is taking in your behalf. He will network with his contacts and and follow up on all steps in the process.

There are many facets to a real estate transaction, and your selection of an agent to represent you is possibly the most important step. Call or text Ed Rippee, ReMax Results, today, 913-203-1863 or visit our Website: www.edrippee.com

Kansas City Realtor What Makes One Fail?

9/26/2017

What comes to mind when you think about being a successful Kansas City realtor? Do you have a fear of failure, or dislike the rules that apply? Are you short on self confidence, or don't have good interpersonal skills? In 2014 NAR reported 87% of all new agents fail after five years in the industry and only 13% make it. 

I have been working in the real estate industry for 17 years, and I am a member of the National Association of Realtors®, subscribing to its strict Code of Ethics. 

Having moved around a lot as a child as part of a military family, something I have learned to appreciate is the value of community and I apply this understanding, and a strong personal ethic, in interacting with my clients, adhering to my fiduciary duties as a Kansas City realtor and promoting cohesive relationships with my competitors. I believe in truthfulness and integrity in advertising and I represent my clients in a responsible manner.

A Kansas City realtor who fails to represent his clients to the best of his ability damages his reputation and that can lead to business failure. I believe there is only one thing that will cause a  Kansas City realtor to fail, ultimately, and that is himself. His mindset. His actions, and failure to adhere to the principles of responsible behavior.

One reason for failure as a Kansas City realtor is an agent who won't prospect for new business. Prospecting is the number one key to building a successful business in the real estate industry. That's how to generate a client base – how you tell the community that you are there for them. That's how you make your business grow! Put yourself 'out there' and make your presence known to prospective buyers. Stay current on the latest real estate analytics and trends in the market.

A successful, respected Kansas City realtor will follow up on every single part of a real estate transaction. He will spend the time and effort required to meet his client's needs. He will return their phone calls promptly, and call them with new properties  they might be interested in. He will work for them! If they feel an agent is not working on their behalf, they are going to go to a competitor. A Kansas City realtor who is a person of his word, and stays in touch with clients, is a successful agent.

Being a Kansas City realtor isn't complicated, but it does require a responsible attitude. People can be fickle, and obstacles can arise. The market might be in a slump, or there may be a lot of competition. You must be patient, persistent and handle issues that come up in a responsible manner. Focus on the end-game and expect great results and work toward that goal.

Ed Rippee, ReMax Results 913-203-1863 or visit our  Website: www.edrippee.com

Realtors in Kansas City face constant challenges in today's real estate market

9/12/2017

Realtors in Kansas City face constant challenges in today's real estate market. Keeping an eye on the "big picture" perspective of the real estate industry, and trends across the state, helps realtors in Kansas City stay abreast of changes and face those challenges. It’s important to learn how other realtors in Kansas City handle the changing industry conditions and work to find solutions. Sometimes we get caught up in just day-to-day activities and lose site of the "big picture".

 

As we approach the fall season, we are faced with unique circumstances. The current housing market is slow because the inventory is not there. Even for buyers with money to spend and great credit scores, the shortage of properties is preventing them from acting on it because they can't find a home to buy. This impacts realtors in Kansas City because they don't have the listings they need. Agents should encourage friends and family, especially seniors who have chosen to stay in their homes rather than to move to retirement communities, to put their homes on the market. It's a great time to sell a home in Kansas City. Buyers are commanding and getting premium prices for their property, and they are selling quickly.

 

Another contributing factor to the housing shortage is new homes being built at a slower rate – not because people are not choosing to build, but because of the shortage of materials, labor and land. The growing worldwide demand for building supplies – lumber, sand, stone, concrete – has slowed down the local building scene. Add to that the chronic shortage of laborers, and you have a market slump in new home builds in the area. 

 

According to KCRAR “Builders in New Zealand are competing for product with builders in California, New York and Kansas City. Shortages in China, whose building boom is only starting to cool, can cause global waves of price hikes and scarcity. Locally, and perhaps even more surprising, there is a chronic shortage of laborers. With the national unemployment rate hovering below 5 percent, many people who might otherwise work construction are finding their way into other professions.”

 

Realtors in Kansas City can network with other realtors and appraisers by attending conferences and getting involved with legislation which lobbies for homeowners and homeowner's rights, seniors and children, meeting people and sharing ideas and information. Being active in real estate organizations such as Kansas City Regional Association of Realtors (KCRAR) and Kansas Association of Realtors (KAR) are also good ways to stay on top of current market trends and changes.

Website: www.edrippee.com

What makes a good real estate agent Kansas City

8/29/2017

A good real estate agent can be hard to find if you don’t know what to look for and Ed Rippee ReMax Results offers a few pointers in your search for a quality real estate agent in Kansas City.

First off, the agent should have a good understanding of the housing market in Kansas City, with recent sales experience and success at selling homes in the area you are looking in. A good broker or salesperson helps determine the fair market value of prospective properties by conducting comparable market analyses. Acting as a buffer between buyers and sellers, a good real estate agent has excellent communication and organizational skills, and knows how to navigate the paperwork involved (drawing up contracts, handling the title companies, inspections, appraisals) and knows who to call for repairs. The agent will have access to records you may need to see in making your assessment of a property. Your professional realtor will guide you through the process from start to finish.Real Estate Agent in Kansas City

Buyers want a real estate agent who will prioritize them as valued clients, showing properties in Kansas City that best fit their specific criteria. There are several factors that could have a huge impact on your decision, whether you are buying or selling. Your agent will be able to point out potential problem areas, and make suggestions based on their knowledge and experience. He will make sure you check the 'big ticket' items – the roof, wiring, siding, plumbing – sometimes things are not noticeable at first-look – your agent will have an experienced eye for these things. He can save you money by making you aware of things you need to repair if you're a seller, and things to walk away from if you're a buyer. There are many more issues that your realtor can help you with.

An important key element of a great real estate agent is being proactive – he or she won't have any hesitation about answering your questions. He will keep you well informed throughout every stage of the process, and will respect your position, not pressuring you when you're not ready to commit. He will listen to what you have to say and answer your questions willingly and honestly, returns your calls promptly and makes every appointment on time. In other words, he has good communication skills, which is an important trait of a good real estate agent. It's to his or her benefit as well as yours that everything be open and above-board. His reputation and success depends on it. Don't settle for anything less than a real estate agent who is proven to have an impeccable work ethic, a strong sense of responsibility and unquestionable integrity.

Ed Rippee ReMax Results is a professional realtor in Kansas City with a proven track record. He has excellent qualifications and wants to be your realtor of choice. Call or text us today, 913-203-1863 or visit our Website: www.edrippee.com

Tips for Choosing a Kansas City Real Estate Agent

8/15/2017

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

7/28/2017

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.

Call or text us today, 913-203-1863 or visit our Website: www.edrippee.com

Instant Offers and iBuyers - Ed Rippee ReMax Results

7/14/2017

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

6/30/2017

Home Inspection ReMax Results Ed Rippee

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
  • Septic tanks
  • 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

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.

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