Monthly Archives: March 2011

Dear Buyer: It’s Time To Get Off The Fence!

I know you are looking for a deal – that’s why you are taking your time. You keep talking about buying, but you can’t seem to make the move. That would be making a commitment. Buying a house is scary, and you want to make sure you get the BEST possible home at the BEST possible price. And you aren’t sure the market has hit rock bottom. Well, as your Realtor, I am here to tell you that waiting too much longer will cost you money – every month, every year for the next 30 years. FHA is increasing the monthly mortgage insurance premium requirement on new properties. This goes into effect April 18,, 2011. For example: The current monthly PMI on a $100,000 loan is $71.87. Effective April 18th that monthly premium goes to $91.83. That is a monthly increase of almost $20 per month. Therefore, you need to act NOW! Prices are at historically low levels. And the closer we get to April 15, the faster the good houses will sell. Waiting will cost you over $7000 over the course of a $100,000 loan. That gives us about 3 weeks to find a property and negotiate a contract. We must get the contact to your lender by Friday, April 15th before 5:00 PM CST to have the property registered with FHA. So call me today and let’s go find you that new home!! And be sure to look online at my website!

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Kansas City Real Estate Report for March 28, 2011

7:45 a.m. CDT: Here are the past 24 hour statistics as posted by Heartland MLS for Kansas City Association of Realtors. Most activity is in the eight counties surrounding Kansas City (Leavenworth, Wyandotte, Atchison and Johnson in Kansas, and Clay, Jackson, Cass and Johnson in Missouri). Reportable coverage area actually encompasses most of Northwestern Missouri and Northeastern Kansas, but not all Realtors in outlying area are members of Heartland MLS. If you want more specific information about your neighborhood, email me at Sandi@SandiReed.com. You will find access to all listings at www.SandiReed.com.

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Kansas City Real Estate Report for March 27, 2011

Here are the daily statistics as posted by Heartland MLS for Kansas City Association of Realtors. Most activity is in the eight counties surrounding Kansas City (Leavenworth, Wyandotte, Atchison and Johnson in Kansas, and Clay, Jackson, Cass and Johnson in Missouri). Reportable coverage area actually encompasses most of Northwestern Missouri and Northeastern Kansas, but not all Realtors in outlying area are members of Heartland MLS. If you want more specific information about your neighborhood, email me at Sandi@SandiReed.com. You will find access to all listings at www.SandiReed.com.

Posted in Kansas City, Lee's Summit, Real Estate | Tagged | Leave a comment