Kansas City Homes For Sale | Real Estate Info and Market Updates for Kansas City, Johnson County Kansas and all of the surrounding metro area

Checking The Pulse Of The Kansas City Real Estate Market

The search tool I use to show you all of the area homes for sale (fed from the Kansas City MLS) has been greatly improved. In addition to giving you the listing updates by email, now when they come to you the updates no longer jumble the old listing information with the new. You’ll get to clearly see what’s changed since the last update and specific changes will be highlighted. This is all designed to help you make an informed real estate decision. Although the sample below may a little hard to read, notice the text items in RED below showing recent CHANGES to the updates…

Kansas City Home Search Tool

You can see how clear the updates will be and this will save a ton of time when scanning the list of homes. Being able to see when a home from your previous list has SOLD will benefit home buyers and home sellers alike. You’ll also get to see what the market around you is doing as they’ll be clearly marked with PRICE REDUCTION. These are all improvements to our system to help Kansas City home buyers and home sellers stay current with the real estate market. We believe providing real estate information in a quick and efficient manner are key to a successful real estate transaction.

If you haven’t checked out our home search tool, visit our Home Search page to get going. Once you’ve created a search be sure to SAVE it, so you can come back to it later and also save the search to start receiving email updates – which now include the added features on this page! It’s all free when searching homes for sale in Kansas City, Johnson County KS, Overland Park, Olathe, Lenexa, Leawood, Shawnee and the surrounding metro area!

Posted by Jason A. Brown

Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market

A common question that home sellers ask is “what’s my home worth?”. If you’ve followed my blog very long you’ll know that’s a question that neither a real estate agent nor an appraiser (tax appraisers certainly included) can answer. The truth is that the market determines what a seller’s home is worth. Taking that a step further, the price that a home goes under contract isn’t the value either. The home must close and only at that time will we know what the seller’s home is worth. If a buyer backs out of a deal because of inspections, the home isn’t worth what the previous buyer offered – because it never closed. The next buyer (after closing) will have determined the home’s value.

If a buyer should add $50,000 in upgrades the month after they move in, there home isn’t “worth” $75,000 more. It’s not even “worth” even $10,000 more. The point is that until the home sells again we won’t know what a home is worth. So the only time that anyone knows the true worth of a home is at the closing. What a Realtor can do however is study the area comparables (listings, pendings, sales, expireds, etc.) and help a seller to make an informed pricing decision based on a home’s condition, location and relevant market conditions.

It’s interesting how sometimes a home can be viewed SO differently through different eyes…

Seller’s View…