HUD is offering a $100 Down Payment Initiative. The $100 down payment is for owner occupants purchasing a HUD Home with FHA financing, with full price or higher offers. This incentive is also available to owner occupant purchasers who obtain a FHA Home Repair loan (203K) with a full price offer or higher. A $1,000 Sales Allowance for owner occupant sales where a full listing price offer has been accepted and the listing price is $50,000 or less or a $1,500 Sales Allowance for owner occupant sales where a full listing price offer has been accepted and the listing price is $50,001 or more. The incentives will apply to properties listed on or after September 25, 2009 and are specific to properties in Kansas, Missouri, and Oklahoma. It's a great time to Purchase a HUD Home with FHA financing. See the list of homes below that HUD is currently offering. Click the link under the list to view pictures and details on each property. Let us know if you would like to see any of these homes. We are preferred HUD agents and are ready to assist you.
211 S Osage Street 3 bed/2 bath $23,800
829 Ottawa Street 3 bed/1 bath $34,200
121 S Pine Street 2 bed/1 bath $50,000
2124 Spruce Street 2 bed/1 bath $63,000
1814 Cleveland Tr 2 bed/2 bath $70,200
206 W Hale Street 3 bed/1 bath $74,000
6320 W 82nd Tr 3 bed/1 bath $112,000
326 Springdale Av 3 bed/2 bath $116,000
20941 W 226th St 3 bed/2 bath $125,000
16621 W 144th Tr 4 bed/3 bath $140,000
27850 W 375 St 3 bed/2 bath $144,000
740 W Bluebird St 3 bed/2.5 bath $152,000
2320 W Persimmon 4 bed/2.5 bath $165,000
1961 W Fredrickson 4 bed/2.5 bath $170,000
18433 153 St 4 bed/2.5 bath $173,000
350 W Sunset St 4 bed/3.5 bath $210,000
Below you will find a list of homes that are listed for atleast $20,000 less than there tax appraisal, and many of them are listed for much lower than that. This is your opportunity to buy a home with instant equity. Many of these are bank owned homes, but not all of them are. Keep in mind that most of them need work but are priced accordingly. Click the price heading for each category to see pictures and details on each home. If you see anything that catches your eye let me know and we can set up a time to take a look in person. If you are not currently looking for an opportunity like this, but know someone that might be, feel free to forward this email on to them. There are many great opportunities in our current market, take advantage today!
Homes under $100,000
Address Price Tax Value
605 Little St 2 bed/2 bath $57,500 $95,100
15787 Gardner Pl 2 bed/1 bath $57,900 $116,800
716 Kansas Ave 2 bed/1 bath $65,000 $82,500
7524 Foster 2 bed/1 bath $74,200 $124,100
300 Pine 2 bed/1 bath $74,900 $121,300
501 Edgewood 3 bed/1 bath $74,900 $105,000
604 Oak St 3 bed/1 bath $74,900 $105,160
313 Center 2 bed/1 bath $79,900 $121,000
5105 El Monte 3 bed/1 bath $84,000 $113,000
629 Lincoln 3 bed/2 bath $89,900 $124,900
11307 W 67th St 3 bed/1 bath $91,600 $118,800
612 Locust 2 bed/1 bath $94,950 $136,000
532 Oak St 4 bed/1 bath $99,900 $130,300
Homes from $100,000- 200,000
Address Price Tax Value
18235 Troost 4 bed/2.5 bath $101,900 $135,700
1105 Fredrickson 4 bed/2 bath $102,000 $133,500
15916 W 129 St 3 bed/1.5 bath $110,000 $141,600
4838 Dearborn 3 bed/2 bath $117,500 $158,000
17505 W 66 Tr 4 bed/1 bath $120,000 $165,600
318 Cherry St 4 bed/2 bath $122,100 $156,600
5812 W 78 St 3 bed/2 bath $129,900 $150,140
15913 W 153 St 4 bed/2.5 bath $129,999 $154,300
14202 W 48 Tr 4 bed/2.5 bath $130,000 $192,200
14118 W 93 St 5 bed/1.5 bath $137,500 $176,000
1935 Sheridan Br Ln 4 bed/3 bath $142,900 $164,400
5903 Noland 3 bed/2 bath $145,000 $173,600
10007 Monrovia 4 bed/3 bath $155,000 $212,500
7816 Rosewood 3 bed/2.5 bath $163,000 $198,100
10309 Rosehill 4 bed/3 bath $164,900 $188,300
1098 Cothrell 3 bed/2 bath $164,900 $192,000
15601 Maple 4 bed/3 bath $169,900 $215,800
12818 Perry 4 bed/3.5 bath $179,900 $215,900
12400 W 102 St 4 bed/2 bath $184,900 $229,500
5340 Norwood 4 bed/3 bath $199,950 $308,200
Homes above $200,000
Address Price Tax Value
24503 W 91 Tr 4 bed/3.5 bath $226,955 $283,600
13517 W 74 Tr 4 bed/2.5 bath $239,900 $313,200
11262 Hadley 3 bed/4 bath $256,900 $294,500
7411 Albervan 4 bed/3.5 bath $262,400 $344,900
11909 Bluejacket 4 bed/3.5 bath $275,000 $413,100
15291 E 165 St 4 bed/3.5 bath $304,900 $330,000
3711 Eastvale 4 bed/2 bath $325,000 $362,700
15423 Ironhorse 4 bed/4.5 bath $386,900 $511,600
18367 Lamar 4 bed/4.5 bath $399,950 $442,500
20817 W 91 Tr 4 bed/3.5 bath $420,000 $465,000
2516 W 118 St 5 bed/3.5 bath $564,900 $765,700
We did it! We’ve succeeded in achieving a huge victory for real estate. Congress heard us on the need to both extend and expand the home buyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.
The new changes not only extend the first time home buyer tax credit until April 2010, it also adds an incentive for move-up buyers. The law now allows up to $6,500 for a person who sells their home that they have owned for at least 5 of the last 8 years that then buys another home. There are some restrictions on that so use the links below to get all the details. This is great news! If you are thinking about selling your home there is no time to waste. You must have an accepted contract by April 30th, 2010, not only for the person buying your home, but you must also have an accepted contract on your next home by then as well. And you must close before the end of June 2010.
More information on the tax credit and what it means to you:
Changes to the Home buyer Tax Credit Law
Frequently Asked Questions About the New Bill
Listen to NAR President Charles McMillan's Podcast About the Bill Passing
See How the House Voted
In Depth: 2009 First-Time Home buyer Tax Credit
If this news has inspired you to want to sell your home or if you are a first time home buyer that wants to buy a home, please contact us so we can help you get started!
We did it! We’ve succeeded in achieving a huge victory for real estate. Congress heard us on the need to both extend and expand the home buyer tax credit to continue stimulating the housing sector of the economy. The Senate voted 98-0 on Wednesday and yesterday the House voted 403-12 on legislation that includes the extension and expansion of the credit. The President is expected to sign the legislation, perhaps as early as today.
The new changes not only extend the first time home buyer tax credit until April 2010, it also adds an incentive for move-up buyers. The law now allows up to $6,500 for a person who sells their home that they have owned for at least 5 of the last 8 years that then buys another home. There are some restrictions on that so use the links below to get all the details. This is great news! If you are thinking about selling your home there is no time to waste. You must have an accepted contract by April 30th, 2010, not only for the person buying your home, but you must also have an accepted contract on your next home by then as well. And you must close before the end of June 2010.
More information on the tax credit and what it means to you:
Changes to the Home buyer Tax Credit Law
Frequently Asked Questions About the New Bill
Listen to NAR President Charles McMillan's Podcast About the Bill Passing
See How the House Voted
In Depth: 2009 First-Time Home buyer Tax Credit
If this news has inspired you to want to sell your home or if you are a first time home buyer that wants to buy a home, please contact us so we can help you get started!
It's time for a market update! I have compiled all the information from the last 60 days and compared it to the same 60 day period last year. I think you will be pleasantly surprised with what I found!
| City | Actives | Pendings | Solds | Last year (Solds) | Market Increase |
| Olathe | 887 | 354 | 357 | 315 | 13% |
| Overland Park | 962 | 348 | 440 | 351 | 25% |
| Leawood | 351 | 65 | 99 | 86 | 15% |
| Shawnee | 354 | 120 | 162 | 124 | 30% |
| Prairie Village | 141 | 64 | 71 | 55 | 29% |
| Lenexa | 297 | 89 | 103 | 87 | 18% |
| | | | | |
Johnson County Avg | 2992 | 1040 | 1232 | 1018 | 21% |
As you can see, each of these cities in Johnson County has increased compared to last year. This is good news! And as we interpret this data, we see that this means that last year was the bottom of our local real estate market. Home sales are on the rise! If you have been on the fence about buying a home, now is the time to jump off the fence! Why wait until home prices have gone back up? Take advantage of the great home prices while you still can.
For those of you who have been thinking about selling, you can see that there are still many buyers out there. Just look at all the current pending homes! Over 1000 people are in the process of buying a home in these cities in Johnson County. I am sure we could find a buyer for your home as well.
I hope you have found this information interesting or useful to you in some way. I would be glad to assist you or anyone you know that has a real estate need. Think of us as your "Go-to" real estate team!