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Overland Park, KS Real Estate News

By Ken Jansen, REALTOR, CRS, 913.908.2215
(Prime Development Land CO LLC)
Business Network International, BNI, Overland Park Chapter 10 is expanding and interviewing potential new members. BNI is one person per profession networking group. So once a profession is represented your competitor may not join. Business Network International is a business and professional networking organization whose primary purpose is to exchange qualified business referrals. BNI is the largest networking organization of it's kind with 4,600 chapters worldwide.  BNI Overland Park 10 meets weekly on Thursday Mornings at 7:30am to 9:00am at the Tomahawk Ridge Community Center, 11902 Lowell (just west of 119th and Metcalf) Dress is business casual. Call Ken Jansen at 913-825-4014 or email to BNI@Ken-Jansen.com (the real estate spot is filled)
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By Ken Jansen, REALTOR, CRS, 913.908.2215
(Prime Development Land CO LLC)
Lionsgate Homes Overland Park Kansas August 25, 2008 There are currently 12 homes listed for sale in LionsGate. 21 Homes have sold and closed in the last 6 months. This gives an average absorption rate (demand) of 3.5 homes a month. At the current rate of demand there is a roughly 3.4 month supply of homes on the market in LionsGate   LionsGate Subdivision is  a collection of multiple plats with different legal names, although collectively known as Lionsgate. The sections include; Lionsgate Lionsgate by the Green (the newest houses) Lionsgate South Lake LionsGate by the Park LionsGate by the Lake LionsGate Waters Edge LionsGate the Enclave Lionsgate Homes are located in the Blue Valley School District There is also the Villas of Lionsgate, which is a maintenance provided villa community...
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By Ken Jansen, REALTOR, CRS, 913.908.2215
(Prime Development Land CO LLC)
Somerset Brooke Homes Report August 25, 2008    Somerset Brooke is an upper bracket subdivision in Overland Park, Kansas, Johnson County. Its a great time to put a house up for sale in Somerset Brooke - all of your neighborhood competition is under contract as of this writing. There have been four homes listed and sold in the last year in Somerset Brooke Overland Park Kansas. During the last year the closing price range of the 4 homes homes listed and sold in Somerset Brooke is $353,700 to $415,000  Somerset Brooke is located in Overland Park ,Kansas, a suburb of Kansas City.   Somerset Brooke is located in the highly ranked Blue Valley School System. How much is your home worth? Contact information has been updated below Make the smart move. Contact me. Ken Jansen, Broker, Jansen Realt...
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By Doug Voss
(KC Improved Housing Solutions)
As a RE Investor and RE Agent I find that many 1st Time Home Buyers (1THB's) can't qualify right now for a home mortgage.  Many have a few bucks saved up though and can put a small amount down to purchase a home.  Their credit doesn't meet the requirements of lenders so they are stuck.  Whenever I can I suggest to Sellers to accept an offer for Lease Option.  They can get a small downpayment and possibly create a few hundred dollars cash flow each month.  Many times the Buyer can get into a position to qualify for long term financing within a period of time, like 6-12 months, and cash out the Seller.  This is a Win/Win arrangement for the Buyer and Seller and I still get paid for the transaction.  What's better than that? Doug Voss, KC Improved Housing Solutions   . . .  913-856-5466 Re...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
***** For Immediate release****** According to my lender at Wells Fargo, FHA made a surprise announcement today. All loans using Seller funded Down Payment Assistance must be sent to underwriting by August 29th and all loans must be signed, closed and funded on or before September 30th. I have not seen an official statement from HUD/FHA on this yet but I don't want to see anyone needing this program to purchase a home get caught off guard. If you have been dilly dallying around with the idea of buying a house, you better get off the fence, you have essentially 1 week to get pre-approved, find a house, get an offer accepted and submit it to underwriting. This is very serious, if you miss out you will need 3.5% downpayment or no house.   Click Here to see all homes for sale Click Here to ...
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By The Brad Papa Team, Olathe Real Estate Agents
(Realty Executives of Kansas City)
Brad Papa | RE/MAX Stateline | 913-526-4985 7814 W 98th Tr, Overland Park, KS Fabulous ranch in sought-after neighborhood. 3BR/2BA Single Family House offered at $200,000 Year Built 1968 Sq Footage Unspecified Bedrooms 3 Bathrooms 2 full, 0 partial Floors Unspecified Parking Unspecified Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Fabulous ranch in sought-after neighborhood. Spacious rooms, finished basement, very well taken care of. Home in impeccable condition with newer big ticket items: newer furnace, A/C, windows, roof and carpet! Huge yard with beautiful landscaping and a great patio perfect for entertaining. see additional photos below ADDITIONAL PHOTOS Seller contact info: Brad Papa RE/MAX Stateline 913-526-4985 For sale by agent/broker Equal Opportunity Housing Post...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
Lionsgate is an upscale community bordered by 143rd & Nall Ave. The home prices range from the high300's to the high 500's. Liongategate is know for it's fine amenities including community pool & easy access to the Links at Lionsgate Jack Nichlaus signature Golf Course. You find a fantastic assortment of 2 story homes many with walkout basements. If you are looking for fine living Lionsgate my be your home.   Lionsgate last 6 months home sales report Homes Listed                 7 Homes Sold                    7 Average Sales Price   $444,000 Lowest Sales price      $360,900 Highest Sales Price     $567,000 Average days to sell   23 (That's Really good) To see all Lionsgate Homes for sale Click Here          Copyright 2008- The Russell home Team, your Johnson County Home experts! www.Se...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
Realty Executives of Kansas City through it Homes from the Heart program raised the first walls on it's newest Habitat for Humanity Home. The home located at 2326 College in Kansas City will hopefully be done in time for Christmas. If you would like to donate your time or money to this habitat home give us a call at 913-681-1383. The Russell Home Team donates a portion of every commission earned to Habitat for Humanity. We will be having a volunteer build day on a Saturday this fall. No construction experience needed, just a heart and a willingness to help.  
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
Whether you are a 1st year resident or are established in your practice there is a loan available for Doctors. If you are ready to step up into your own home but was worried about your income or school debt holding you back, worry no more. This program knows that your future income will soon outweigh your current situation. Here are some highlights of the Doctor 100% Loan program. Available for Licensed Medical physicians, dentists, podiatrist, eye doctors and residents Loan amount up to $1,000,000 No Private Mortgage Insurance (PMI) 100% Loan to value Gift Funds alllowed for closing costs & reserves (taxes & insurance) You have worked hard, taken the risk, now take your next step and get the home you deserve.   To see all Overland Park & Johnson County Homes for sale Click Here        ...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
South Overland Park is shaping up as the new place to be for home buyers. Blackthorne Estates is the Southern most subdivision on the east side of Overland Park. Blackthorne has a fantastic mix of new and near new homes for sale. Blackthorne consists mostly of 2 story traditional style homes. Blackthorne Estates is developed by Duggan Homes and they are the sole builder in the subdivision. Homes are priced from the 350's to the high 400's. If you are looking for a new home or a great deal on a lghtly lived in re-sale home Blackthorne Estates may be your home.   Blackthorne Estates Home Sales Report (previous 6 Months) Homes Listed                      6 Homes Sold                          5 Average Sales Price           $349,000 Highest Sale                        $382,000 Lowest Sale  ...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
South Overland Park has a lot of great subdivisions but many of those areas are out of reach for the average home buyer. Green Meadows however, is a great subdivision at a reasonable price. The average sales price is around $230,000 but there are always several homes listed in the low $200's. The area offers a nice mix of 2 story & split level homes. Green Meadows is also close too may poular destinations like The Blue Moose Grill, LLwellens Pub and close to shopping like Walmart, Price Chooper & Walgreens. If you are looking for an affordable home in a great Blue Valley School District look no further than Green Meadows   Green Meadows Home Sales for the last 6 months Homes Listed                  26 Homes Sold                     15 Average sale price       $245,000 Highest Sale      ...
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By Ken Jansen, REALTOR, CRS, 913.908.2215
(Prime Development Land CO LLC)
Overland Park KS Housing Market Conditions Overland Park had 1080 homes sell and close in the last 6 months, counting all homes and price ranges, including existing homes and new construction. There are 896 Single family homes listed for sale in Overland Park. Selling at an average of 3 homes per day, there is about a 5 months supply of home. Essentially a balanced market. The real story comes when the information is broken down by price range. Especially since the only market which really matters is the one you are in! Upper Bracket Homes in Overland Park $500,000+ Upper Bracket Homes in Overland Park ($500,000+) accounted for 100 of the recent six month sales, based upon most recent listing price. There are 247 homes listed for sales in the $500,000+ range, which means the market is s...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
When I started in real estate in 2000 Down Payment assistance was available but seldom used. Homes were selling so fast that you had to write the cleanest offer possible, so you tried to keep closing cost to a minimum, your closing date short and absolutely no B.S. clauses in your contract. But then came September 11th and things changed, all of a sudden we started to see a slow down in sales and Down Payment assistance started to gain favor to get the sales moving again. Well, 8 years later DPA is now common place in most markets. The Housing relief bill just signed by President Bush is set to do away with DPA after October 1st. But not so fast, a new bill sponsored into congess wants to bring back DPA. If you are smart you will get behind this bill to keep DPA alive. Click the link be...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
As part of the new housing bill our faithful government is offering a $7500 tax credit for First time buyer. There are several factors for eligability. Here are some of the highlighs & requirements. Must be first time buyer rebate will 10% of Homes value up to $7500 income limited to singles with $75,000 or less or married couples at $150,000 or less must be repaid over 15 years (6.67% per year) remainder must be completely repaid if home sold before 15 years effective for home purchases between April 9 2008 & July 1 2009 This a great deal for first time home buyers. Also if you are looking for Down payment assistance you will need to purchase prior to October 1 2008.Click Here to see Great Homes for Sale          The Russell Home Team Specializes in First time home buyers, please call ...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
If you have been looking to buy a home in overland Park or Johnson County Kansas you might want to pick up the pace. Especially if you were depending on Down Payment Asssistance. For the first time in 5 years Down Payment Assistance funds are available for Johnson County Kansas, while they were just released 1 week ago you shouldn't kid yourself and expect them to be available for a long time.  Join the Russell Home Team on February 26th 2014 as we re-introduce the Kansas Down Payment Assistance Program Click Here to RSVP through EventBrite, seating is limited!    Click Here to See Overland Park Homes For Sale              The Russell Home Team are specialist in first time buyer needing down payment assistance, please contact us immediately as time is running out on Down Payment assista...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
Time sure flies when the easiest road in an out of your subdivsion is closed. Has it really been a year since they closed Nall Blvd between 151st & 159th. Well the wait is over, Thursday they will be opening the 2 south bound lanes. The 2 north bound lanes will not re-open until October. Can someone tell me why it takes a year to widen a small stretch of road? My only answer is because it can. So now that we have Nall open, maybe they can focus on 159th & Antioch or any of the other major throughfares that are currently closed.   Copyright 2008 The Russell Home Team www.searchjocoHomes.com 913-681-1383
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
This past weekend someone decided that it would be fun to torch the playground at Sunrise Point Elementary school in Overland Park. What makes someone do something this senseless? How do I explain to my kid's the reason they can't go play? This is just plain stupid, the vandals caused over $20,000 in damages. If you have any information contact the Overland Park Police Department. Copyright 2008 The Russell Home Team  www.SearchjocoHomes.com  913-681-1383
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By Ken Jansen, REALTOR, CRS, 913.908.2215
(Prime Development Land CO LLC)
  There are currently 21 homes listed for sale in LionsGate. 15 Homes have sold and closed in the last 6 months. This gives an average absorption rate (demand) of 2.5 homes a month. At the current rate of demand there is a roughly 8.4 month supply of homes on the market n LionsGate   LionsGate Subdivision is  a collection of multiple plats with different legal names, although collectively known as Lionsgate. The sections include; Lionsgate Lionsgate by the Green (the newest houses) Lionsgate South Lake LionsGate by the Park LionsGate by the Lake LionsGate Waters Edge LionsGate the Enclave Lionsgate Homes are located in the Blue Valley School District There is also the Villas of Lionsgate, which is a maintenance provided villa community. The Links at LionsGate is another subdivision enti...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
With the downturn in Real estate, there has become a lot of new and unique opportunities. For buyers in Overland Park & Johnson County Kansas that new opportunity is called a short sale. A short is when the seller of a home is in the begining stages of Foreclosure and they know that their home is not worth how much they owe on it or at least they cannot sell their home and completely payoff the mortgage and pay the fees associated with selling their home. So how does this help you? Banks do not like foreclosing homes, it costs them a lot of money and time doing so. One of the options banks consider during tough times is accepting less than is owed to them instead of foreclosure. If you are a savvy buyer and have patience you can stand to find a great house at a great price through a sho...
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By Mike Russell, Overland Park Kansas Real Estate
(Mike Russell Real Estate Group)
As Britney Spears says, opps we did it again. Overland Park Kansas has made CNN/Money Magazines best place to live list again. This time we slotted in at #9, not bad for this little old prairie town. Once again CNN/Money louded Overland Park for it's top schools, good jobs and close proximity to a majot city. Some of the other factors were low crime, golf courses and parks/open space. Don't take my word for it, click the link below and see for your self. Overland Park Kansas CNN/Money Article Thinking about moving to Overland Park? Click Here to see homes for sale      The Russell Home Team specializes in Overland Park & Johnson County Kansas. Please feel free to contact us @ info@russellhometeam.com or 913-681-1383    Copyright 2008 The Russell Home Team www.SearchjocoHomes.com 913-681...
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