POSTED BY:
Bob De Tray
The Real Estate market in the metro Kansas City area is following national trends. It is truly a buyer's market--unlike any I have seen in my career. ( I started selling in 1976). So most seller's would ask "why, if I don't have to sell, would I want to list my home for sale in such an atmosphere?"
Kansas City metro prices consistently increased until the last 20 months. They then began to level off and then drop somewhat. If you've lived in your home for several years, you've enjoyed solid appreciation. If you are moving up, you can take full advantage of the soft market in the more expensive homes. Remember, the buyer pool grows smaller as the homes get more expensive. with fewer buyers out there, sellers in higher price ranges, including builders of new homes are increasingly anxious to move their houses. Many builders are carrying large inventories and are very happy to work some great deals right now. We are seeing some HUGE price reductions. If you jump in now, you can make a great deal on the buying side. And if you condition, showcase and price your home right, it will sell without losing on the selling side. You couldn't do this in the hot seller's market of the last 10 years. What profit you made on your sale was more than eaten up by inflated prices on more expensive and brand new homes.