This Week’s Real Estate News
Are you selling your home? Have you had to drop your price? It has been a very common occurrence and it sure seems like only the very best homes are selling – but not at a premium – they are selling for average to below-average prices. It is a tough, hot, humid, competitive market out there this summer, so in order to attract attention from buyers, you have to work very hard to get your property ready. Preparation, staging and style will give you that competitive advantage, but you still must price the home very competitively which can be a hard thing to swallow after pouring money, sweat and time into preparing your home for sale. Below are links to a few interesting local news stories.
- The Business Journal reports that area homes are cutting prices before finding buyers.
- The Star reports that foreclosures are up in Missouri, but down in Kansas.
- Mortgage rates around 4% for a 30-year fixed. WOW.
Friends of mine just got 3 offers, including one for asking-price. Go figure.
Where was this home? That is incredible in this market. Why do you think that happened to them?
This was in north Waldo area, near Gregory and Wornall. They were willing to do a lot of things to make the house more attractive like new appliances, window repairs, new roofing on garage, painting etc before it even went on the market. That’s the only reason I can think of.