Category: (5)

Real Estate Prices Continue to Soar

by char-maccallum-real-estate-group-inc

This past year we’ve seen our housing prices rise in some areas up to 20%.  Our Olathe and Kansas City areas has been competitive with pricing too.  Several of The Char MacCallum Real Estate Group homes we have listed for sale have experienced multiple offers and a quick sale when price right!  The old saying “If it’s good, it’s gone!”  has been true around the Olathe Real Estate Market.

Find the “Right” Agent before the “Right” home

by char-maccallum-real-estate-group-inc

We want to help you find the “Right” Home… by being the “Right” Agents for you!

What Buyers Want.pngIt’s a common practice for buyers to make a list of what they want in a home during the search process and to explain it to their agent. However, maybe the first list they should make would have the skills they want their agent to have.  At The Char MacCallum Real Estate Group, we know how important this decision can be and strive to be experts in our Olathe and Kansas City areas.

The Profile of Home Buyers and Sellers identifies what buyers want most from their agents and as you’d expect, help with finding the right home was ranked highest most often. While it is important, it may not be the most unique of the desired area of expertise.

Equally essential to the success of the transaction are the combination of help with price and terms negotiations and assistance with the paperwork, comparable sales, qualifying and financing.

To summarize the responses in the survey, Buyers want help from their agents with two things: to find the right home and to get it at the right price and terms. Some agents are actually better equipped with tools and acquired knowledge to assist buyers with financial advice and negotiations.

Since an owner’s cost of housing is dependent on the price paid for the home and financing, a real estate professional skilled in these specialized areas can be invaluable in finding the “right” home. An agent’s experience and connections to allied professionals and service providers is irreplaceable.

At The Char MacCallum Real Estate Group, we want to represent you with the tools and talents that we’re experts in – working for YOU!

We know the Olathe and Kansas City homes and can help you find yours!

A Home is More Than an Address

by char-maccallum-real-estate-group-inc

Your Home = Your Investment

iStock_000006174018XSmall.jpgA home is a place to call your own, raise your family, share with your friends and feel safe and secure. It is also one of the largest investments most people have.

Leverage is the ability to control a larger asset with a smaller amount of cash through the use of borrowed funds. It has been described as using other people’s money to increase your yield and it applies to homeowners and investors alike. Positive leverage causes the yield to increase as the loan-to-value increases.

Even a modest amount of appreciation combined with the amortization of a loan can cause a substantial rate of return on the down payment and closing costs.

Homes build equity as the price goes up due to appreciation and the unpaid balance goes down due to amortization.

Leveraged Investment.png

The example above indicates the yield on a home considering 3% acquisition costs on the home with a 4.5% mortgage rate and the resulting equity at the end of five years. The different down payments will affect the yield based on the leverage effect.

Whether you rent or buy the home you live in, you pay for what you occupy. The question a person is faced with is whether they are going to buy it for themselves or their landlord. Take a look at the cost of Renting vs. Owning.  At The Char MacCallum Real Estate Group, we can help you find the right investment and home.  We know the Olathe and Kansas City areas and work to help you protect your investment!  Contact us today to find your Olathe or Kansas city home.  913-782-8857