Main Content

Home » test

test

Homes Are Selling Quickly [INFOGRAPHIC]
Homes Are Selling Quickly [INFOGRAPHIC] | MyKCMSome Highlights: The National Association of REALTORS® surveyed their members for the release of their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions. Homes across the country are selling ... Read More
3 Reasons This is NOT the 2008 Real Estate Market
3 Reasons This is NOT the 2008 Real Estate Market | MyKCMNo one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded ... Read More
3 Reasons to Use a Real Estate Pro in a Complex Digital World
3 Reasons to Use a Real Estate Pro in a Complex Digital World | MyKCMIf you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be ... Read More
Existing-Home Sales Report Indicates Now Is a Great Time to Sell
Existing-Home Sales Report Indicates Now Is a Great Time to Sell | MyKCMThe best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, ... Read More
What You Need to Know About the Mortgage Process [INFOGRAPHIC]
What You Need to Know About the Mortgage Process [INFOGRAPHIC] | MyKCMSome Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more.
You Need More Than a Guide. You Need a Sherpa.
You Need More Than a Guide. You Need a Sherpa. | MyKCMIn a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to offer ... Read More
Homeownership is the Top Contributor to Your Net Worth
Homeownership is the Top Contributor to Your Net Worth | MyKCMMany people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household wealth [are] owning a home and having a retirement ... Read More
What FICO® Score Do You Need to Qualify for a Mortgage?
What FICO® Score Do You Need to Qualify for a Mortgage? | MyKCMWhile a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s unpack the credit score myth so you can to become a homeowner sooner than ... Read More
62% of Buyers Are Wrong About Down Payment Needs
62% of Buyers Are Wrong About Down Payment Needs | MyKCMAccording to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.” When potential homebuyers think they need a 20% down ... Read More
5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]
5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | MyKCMSome Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help you feel confident and informed ... Read More
3 Signs the Housing Market Is on the Rebound
3 Signs the Housing Market Is on the Rebound | MyKCMThe residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound: 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home Sales (contracts signed) are up with each of the ... Read More
4 Tips to Improve Your Home and Save on Your Energy Bill
4 Tips to Improve Your Home and Save on Your Energy Bill | MyKCMAs a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2nd is Energy Efficiency Day, a perfect time to think about making some key upgrades that will improve the efficiency of your home. If you’re looking to sell your house and ... Read More
What to Expect from Your Home Inspection
What to Expect from Your Home Inspection | MyKCMYou made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered for the home, ask the sellers to cover repairs, or in some ... Read More
How Does the Supply of Homes for Sale Impact Buyer Demand?
How Does the Supply of Homes for Sale Impact Buyer Demand? | MyKCMThe price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The ... Read More
What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]
What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | MyKCMSome Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months. ... Read More
Homeowners Are Happy! Renters? Not So Much.
Homeowners Are Happy! Renters? Not So Much. | MyKCMWhen people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% ... Read More
Are You Ready for the ‘Black Friday’ of Real Estate?
Are You Ready for the ‘Black Friday’ of Real Estate? | MyKCMEvery year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of discounted must-have items to purchase. But what about buying a home? Is there a ‘Black Friday’ for ... Read More
Should You Fix Your House Up or Sell Now?
Should You Fix Your House Up or Sell Now? | MyKCMWith the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inevitably arises: is it finally time ... Read More
Is Your House “Priced to Sell Immediately”?
Is Your House “Priced to Sell Immediately”? | MyKCMIn today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year ... Read More