How to Stay on Top of Home Sale Prices in Your Neighborhood
03/24/17 • -1 min
We constantly have homeowners ask us what their neighbors' homes sold for because they're curious about home values in the area. This website is a great resource for these questions.
Want to sell your Kansas City Home? Get a free home value report
Want to buy a Kansas City Home? Search all homes for sale
As professional real estate agents, we're constantly asked by people what their neighbor's home sold for. These people want to know this because they're curious about home values in their neighborhood.
So how can you find out what your neighbor's house down the street sold for? The best option is whatmyneighborsoldfor.com, which will tell you what comparable homes within a half-mile have sold for recently. You can also request a valuation for your house.
This site will update you on all recent sales in your neighborhood.
You can also get the neighborhood pulse update there, which is a monthly update on the activity that's going on in your neighborhood.
If you want to keeps tabs on what's going on in your neighborhood, it's a great tool.
If you have any other questions about buying or selling a home in the Kansas City area, give me a call or send me an email. I'd be more than happy to help!
We constantly have homeowners ask us what their neighbors' homes sold for because they're curious about home values in the area. This website is a great resource for these questions.
Want to sell your Kansas City Home? Get a free home value report
Want to buy a Kansas City Home? Search all homes for sale
As professional real estate agents, we're constantly asked by people what their neighbor's home sold for. These people want to know this because they're curious about home values in their neighborhood.
So how can you find out what your neighbor's house down the street sold for? The best option is whatmyneighborsoldfor.com, which will tell you what comparable homes within a half-mile have sold for recently. You can also request a valuation for your house.
This site will update you on all recent sales in your neighborhood.
You can also get the neighborhood pulse update there, which is a monthly update on the activity that's going on in your neighborhood.
If you want to keeps tabs on what's going on in your neighborhood, it's a great tool.
If you have any other questions about buying or selling a home in the Kansas City area, give me a call or send me an email. I'd be more than happy to help!
Previous Episode
What Do Rising Interest Rates Mean for You?
The Federal Reserve is expected to increase interest rates three separate times this year. Here’s what you can expect.
Want to sell your Kansas City Home? Get a free home value report
Want to buy a Kansas City Home? Search all homes for sale
Interest rates are on the rise in Kansas City. What does that mean for your home’s value and how might it affect your future home purchase?
The entity that sets these rates is known as the Federal Reserve. They meet four times a year, and rates are always a topic of discussion. In 2016, they raised rates in two out of their four meetings. It’s predicted that in 2017, they will raise rates in three out of the four meetings.
Let’s say that during the course of the year, rates go up from 4.5% to 5.5%. Logically, that’s still an incredibly low rate and it is, historically speaking. However, just a 1% increase in interest rates can have a huge impact on a homebuyer or seller.
If you are selling your home and rates go up 1%, that will lower all buyers’ purchasing power by 10% and will lessen the pool of buyers that are looking at your home, dramatically in some cases.
Once rates go up, buying power goes down.
If you’re looking to buy a home and you are qualified for a $300,000 home at a 4.5% rate, you would only be able to afford a $270,000 home with the 1% increase in rates.
If you are looking to buy or sell in Kansas City, now may be the time to take advantage of the market conditions. This will help you get the most possible eyes on your property. Once rates go up, your buying power will go down and so will the buying power of the buyers who would be looking at your home right now. If you’re buying, locking in a rate now before they go up is a smart move. This is simply a great market to be active in right now.
If you have any questions for us or are thinking about buying or selling a home, give us a call or send us an email. We would love to help you take advantage of these rates before their impending rise. We hope to hear from you soon!
Next Episode
Come to Our Easter Client Appreciation Party
We’d love for you to join us at our next client appreciation event in celebration of Easter.
Want to sell your Kansas City Home? Get a free home value report
Want to buy a Kansas City Home? Search all homes for sale
You’re officially invited to our Easter Extravaganza—or should we say, “Eggstravaganza!”
Don’t risk those long lines at the mall and the scary Easter bunnies that creep out the kids when you can join our guaranteed friendly Easter Bunny.
We’ll also provide lunch and an Easter egg hunt for the kids. No matter if they’re two months old, two years old, or 20 years old, it’ll be a good time for the whole family.
Don’t risk long lines at the mall and scary Easter bunnies!
You can RSVP here.
We hope to see you there and we hope you have a hoppy weekend!
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