Overland Park, Prairie Village, Lenexa, Olathe Blog

You can't pay your bills, your worried about your family's health, and the bank is threatening foreclosure. A short sale is when a bank agrees to sell a house for less than is owed on the loan., including closing costs, realtor fees, etc.There is often misinformation when it comes to this topic. I often find that people facing foreclosure contact me after the bank has started legal preceedings against them. It is hard to face the fact that you might actually be foreclosed on, but many do not realize the long term ramifications foreclosure can have on your financial health. Please consult with a professional as soon as you know foreclosure is a possibility. A short sale will only stay with you 2 years and a foreclosure can stick with you for a a decade! Please understand that you will be in a much better position if you tackle the short sale, than if you ignore the problem and let it ruin 10 years of your life. Short sales are the best of two evils and your bank will appreciate your effort to make the short sale happen because foreclosures on average end up costing a bank $60,000. Please do not go through the embarassment of getting foreclosed on because it is preventable.

-Daniel

Prairie Village and more specifically Prairie Hills has not been as affected as surrounding areas by the soft real estate market. Laura and I live in this subdivision and we absolutely love the area. There are plenty of parks, walking paths, shopping centers, and restaurants. There is an abundance of golf courses nearby. The neighbors are friendly and helpful.  It's nice to bike or jog to the Plaza through Mission Hills. There are mature trees, manicured grounds, statues, and lots of flowers. It really pretty, especially in the spring. The crime is low and police are very responsive. It's a great place to raise a family and start a business.

Lowest Price- $121,950

Highest Price- $340,000

Average Price- $222,090

Avg. Price/SqFt- $141

Avg Days On Market- 28

 Under Contract- 1 listing 

Asking Price- $265,000

Avg. Price/SqFt- $147

Avg Days On Market- 33

 Properties for Sale- 9

Lowest Price- $154,900

Highest Price- $339,950

Average Price- $223,961

Avg. Price/SqFt- $128 psf

Avg DOM- 24

HOMEOWNER'S INSURANCE  - RECENT POLICY CHANGES AFFECTING HOME BUYERS

As a licensed Realtors in Kansas and Missouri, Daniel Bennison and I learn something different about the changing KC real estate market every day.  Last month a client of ours bought a house in Kansas City, Missouri and when she tried to get insurance for the house she had under contract, she got rejected.  It turns out the inspection had revealed that her house has a composite roof that was laid over a wood shingle roof.  Evidently many insurance companies have recently stopped providing insurance for homes with wood shingle and composite layers.  An amateur could not have noticed that the roof was two layers - in fact the roof looked like it was in perfect condition.  Anyway, my client was finally able to find an insurance company, but they charged her a higher rate because of the roof.  So - buyer's beware!  Make sure you are prepared to shop around for an insurance company if you encounter this problem.     

  Visit the Bennison-Byram Team website for more information about Kansas City and Prairie Village homes and about the $8000 Tax Credit Extension and Expansion!!  We sell homes anywhere in the KC Metro area and we specialize in Prairie Village Homes.  The Bennison Byram Team are advocates for home ownership!!  Get the help of a neighborhood specialist like Laura Byram with the Bennison Byram Team.  Laura lives in Prairie Village and works in P.V. and surrounding areas, specifically Fairway, Overland Park, Lenexa, Leawood, Roeland Park, Waldo, Brookside, and Kansas City.  

Click on the link below to find a knowledgeable Realtor 

Daniel Bennison, Laura Byram

Bennison Byram Team Realtors

Neighborhood Experts in Prairie Village and Overland Park

http://www.jocohomesmls.com

http://www.db.reeceandnichols.com

http://www.lifeinoverlandpark.com