With a decrease in inventory and an increase in sales price, Kansas City is currently in a hot seller’s market. According to the Kansas City Regional Association of Realtors there are 27% less homes listed for sale in the Kansas City then there were just three months ago. And the median house price reflects the greater demand by increasing 6.7% in the same time period. If you are hoping to buy this spring, you have a lot of competition.
On the opposite side, this is great news if you are considering putting your house on the market. You may have heard some extraordinary stories of people who list their home, have dozens of showings and multiple offers within days. Ordinarily we would think this kind of house would be in a prime location and listed below market value to gain this kind of response. However, this situation is occurring all over the metro and in every different price point. The offers have been flooding in for home owners over asking price, no contingencies, with high earnest money checks and all kinds of additional bonuses to get contracts to stand out above others.
If you want to get in on the real estate action, now is the prime time to sell. There is some up front work to consider as buyers love clean, updated homes with great curb appeal. However, being a sellers market means buyers are willing to put money into some updating and landscaping just to get themselves to the closing table with a home. It still would be unreasonable to think you could sell a house at a premium if it needs a complete overhaul or major repairs.
But what if your house needs updating or big repair and you still are interested in taking advantage of the current market? It may seem overwhelming to replace a roof, repair foundation, install new carpeting or update bathrooms or a kitchen. We may be able to help, we won’t ask you to clean, we won’t expect you to declutter for showings, and we won’t ask you to make any updates or repairs. We make fair market cash offers, pay closing costs and close on your timeline. And as license real estate agents, we may recommend it would be to your benefit to list your property in the traditional way to maximize your profit and can refer a great agent to serve you. Reach out to us for more information at firstname.lastname@example.org or (913)333-9643. We would be happy to answer your questions and help you with real estate solutions.