The State of the 2024 Real Estate Market

The current and predicted state of the 2024 real estate market certainly looks different than it did a year ago. Unfortunately, sellers still want to sell like it’s 2022 and buyers want to buy like it’s 2008.

As everyone knows, mortgage interest rates went up to 8% – the highest they have been in 25 years. There are mortgage companies that are closing their doors, sellers who can’t get their homes sold, and buyers who are disappointed that their dream home they didn’t get last year now seems like it will never happen.

The good news is mortgage rates are starting to come down and mortgage applications are trending up. They are predicting there will be somewhere between 3-5 rate cuts this year and rates should even out at somewhere between 6-6 1/2 %. If you look at the history of mortgage rates over the last 35 years, the average was about 6 ½%. With lower rates, sellers will be more inclined to sell and get into something that better suits their current lifestyle. And with more inventory, buyers will have a better opportunity to purchase in 2024,

Life happens and people move

Many homeowners who have a lower interest rate may choose to stay put for now. But there are also plenty of sellers who may need to downsize, move out of town for family reasons, or relocate due to a new employment opportunity.

Without knowing where interest rates will end up and what that will do to our economy and inflation overall, we have to take real estate a step at a time. And we will! No matter what you may hear or read, the sky is not falling.

One thing about real estate is true. People will always be moving. Real estate happens because life happens. I recently sold a house for a family who moved to Colorado, another past client who got married and moved into his house, as well as a family who moved to California to be closer to family members.

Baby boomers are still going to downsize

I work primarily with baby boomers that are in the process of downsizing. The reasons for their downsizing are many but add a possible recession into the mix and that gets them thinking and moving even faster. Many of my boomers that are on a current 5 Year Plan, have indicated to me they want to move things up and do something by the end of 2024. Some of them are going to get serious about getting rid of their stuff – sooner than later!

Regardless of the current economy or inflation, we have to deal with it is what it is. In other words, I bought my first house in the early 80s when interest rates were 16.75%. I was pregnant with my daughter and we were renting a small 2-bedroom house. I wanted to get situated for the new addition to our family. Had we waited for rates to come down, it could have taken years. We made the necessary adjustments and made it happen.

First of all, set aside everything else for a minute. Before anything, you need to decide what’s important to you. What are the alternatives if you sell your house in 2024 or don’t? If you’re selling your home, why are you doing that? Do you have the time and the health to wait until the real estate market corrects? Timing the real estate market is never perfect.

How to adjust to an uncertain real estate market

If you’re buying, how important is it to you to become a homeowner? Why are you doing that? If you decide to forge ahead, you need to know that there are many great programs and options out there to get into a mortgage interest rate that works for you.

I’ve been selling real estate for over 35 years and rates had never been at 3- 4% until recently. So live your life and quit trying to predict what’s going to happen. Do what matters to you. Quit listening to others.

The predicted state of the 2024 real estate market – 3 things I know for sure

Rates will continue to drop

As I previously stated, it’s predicted that mortgage rates will probably end up around 6-6 ½%. What can you do about that? Absolutely nothing. I don’t like the price of certain things at the grocery store either but I can’t change it.

If you’re buying your first home, rates may be higher than you want but your rent will continue to go up as well. Are you going to continue to move every year to save a few bucks on your apartment rent because a new complex offers you a deal?

Home sale prices will decline

Will home prices decline or readjust? Home prices must re-correct every few years to get the market leveled off. It tends to happen every ten years or so. Trouble is, if you have to sell that house you overpaid for in 2021 or 2022, it’s not worth what you paid for it then so it becomes a real problem when the market shifts.

Home sales will decrease

It’s only natural that people tend to want to hunker down when the going gets tough. If you want to sell in 2024, be a smart seller and understand what it’s going to take to be the best house to choose from. There is no runner-up in the game of real estate. You either win or you lose.

So, if you’re selling, sell smart and do it now because as home sales drop, you’ll have more opportunities. Pick the best agent who has experience in navigating a challenging market. Home staging is more important now than ever. If you are still living in your home, hire the best stager to create that model home look that every buyer wants and will pay more money to get.

And if you’re buying, you may need to lower your expectations a bit. It’s ok. As rates drop a little later in the year, be smart and buy now while other buyers are waiting for the rates to drop. You’ll be in a better buying position with less competition and probably won’t be overpaying for a home like your friends did last year.  

Don’t despair, you’ll make the home that’s currently affordable for you into your dream home in no time. The state of the 2024 real estate market is not your opportunity for trying to keep up with The Joneses. But still, the one year forecast is a 4.01% increase in prices.

In conclusion

We have no idea what might happen with real estate or anything for that matter. Keep your blinders on and focused on what’s important to you. The last few years have proven to be unimaginable in so many different respects. What I know for sure, is once you decide something, do it and do it now. We never know how long we have or what the country is going to experience that could affect our destiny even more. In all actuality, real estate changes with the times, the same as your life!

If you have a lower interest rate but would like to sell, please contact me at (913) 515-3250. Let me share with you a cost of waiting analysis that could really change your mind about your future!

I want to be your Realtor!

Check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

Remember…the Realtor you choose determines the results you get. Choose carefully!

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January 2024 Quick Overland Park Real Estate Stats You Need to Know

Real estate is always a hot topic and here are some January 2024 quick Overland Park real estate stats you need to know. Whether you are considering selling your home or not, everyone wants to know what the local market is doing.

These are December 2023 stats for the Greater Kansas City area as those sales are completed. As you can see, the days on the market increased over the previous month. The average days from listing date to contract date was 41. That’s over a month of having your home on the market. Also noteworthy is the fact that while the average sales price may have increased, homes are currently no longer selling for over asking price. That makes it a perfect time for buyers to buy. Mortgage rates may be up from last year, but you also won’t be paying thousands of dollars over asking price. There were also 5,267 homes for sale in the metro area.

How to Sell Your Home in Any Market

If you want to sell your home faster and for more money, home staging is the answer. We can create your home’s best Model Home Look that every buyer wants and will pay more money to get. Call or text us at (913) 515-3250 to find out how our home staging services will net you more money.

Today’s New Overland Park Homes for Sale

Check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

Remember…the Realtor you choose determines the results you get. Choose carefully!

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Finding Your Forever Home Will Quickly Change Your Life

The concept of finding your forever home often elicits thoughts of where you’ll spend the rest of your life. However, determining the right time to make such a move requires careful consideration of many factors. This blog post explores certain key indicators that 2024 might be the year to start searching for your forever home. And once you do, you’ll never look back. Your life will be changed so quickly.

Financial Stability

One of the most crucial factors to consider when finding your forever home is your financial stability. First of all, be sure to look at your current financial situation, including income, savings and debt.  Furthermore, are you in a financial position to afford the home you desire? Now is the time to get your finances in order and know what you can do financially before you consider searching for your forever home. Contact me here if you need help with a mortgage loan or want to get creative in your financing.

Long Term Goals

Be sure to reflect on your long term goals, both personal and professional. If you know it’s time for you to downsize and get settled in while you still can, it might be time to settle into your forever home in 2024. The real truth is if you don’t feel like doing it now, you certainly aren’t going to feel like it a year or two from now. Needless to say, you’re not getting any younger.

Family Considerations

Do you have a desire to downsize to be closer to family? If so, your forever home could take you out of the area. Be sure to research your options to be closer to family in a new city. Finding your forever home can be easier with an introduction to a Realtor in your new destination. I have 35 years of connections to Realtors all over the country. Reach out to me and I’ll introduce you to the perfect agent that will find homes for you that aren’t even on the market yet.

Market Trends

I always say the right time to finding your forever home is when you are ready. Waiting for the market trends to be perfect when you’re getting up in years, might not be in your best interest. What I know for sure is the longer you wait to downsize, the harder it becomes. But remember…it’s your stuff and your responsibility. Do it now while you still can.

Declutter to Downsize

If your goal is to declutter your life to downsize your home, 2024 might be the right time to get started to make it happen. While you may still need help from friends or family members, it always takes longer than you think when it comes to getting rid of a lifetime of belongings. The most important thing is to know is that it won’t get any easier, the longer you wait.

Finding Your Forever Home

Deciding when it’s time to move to your forever home involves a careful evaluation of all of the above considerations. You should be able to make a well-informed decision that aligns with your goals and dreams of settling into a home that better suits your current and future lifestyle.

Don’t let your opportunity to get into your forever home pass you by. Here’s an easy way to get started.

You’re invited to join our FREE Facebook Group, The House Weight Loss Plan that starts on January 8, 2024. You’ll have a weekly task to complete that will help you get motivated to start parting with things you no longer want, need or love. Sign up here. Did I mention…it’s FREE?

Ready to Sell Your Home in 2024?

Or are you ready to stop procrastinating and get started on your forever home journey? We have helped HUNDREDS of others just like you who visualized their forever home but didn’t know how to get started.

For a complete personalized blueprint to make it happen faster and easier than you can do on your own, contact me here or call or text (913) 515-3250. You’ll get all of your questions answered so you can finally move forward with your life!

How to Sell Your Home over the Holidays

Now is the time to be thinking about how to sell your home over the holidays! What are those holiday home staging rules you should follow if you are selling your home before the end of the year?

First of all, selling your home in Overland Park over the holidays is different than other times of the year. Furthermore, most buyers don’t want to see your holiday collections or decorations – let them envision their own.

Above all else, be sure to follow the tips below to grab the attention of your buyers and allow them to fall in love with your home.

Here are my 10 best holiday home staging rules if you want to know how to sell your home over the holidays:

  1. Create some front door appeal. It starts right here. This is the most important tip of my holiday home staging rules. A simple, live wreath on the front door is classy. Add a big bow for major impact. Let them know this is just the beginning of a house they will love. Remember, love is the emotion that sells your house.
  2. Curb appeal is also important. Above all else, what will your buyers see as they drive up to your house? This is where their excitement starts. Add a colorful mat (preferably a non-holiday one) outside the door. A big urn or two next to the front door is preferred. Add fake or real Christmas trees and decorate them if you like, just keep it simple.
  3. Keep outside holiday decorations to minimum. Likewise, yard decorations, outdoor house lights, and holiday collections are distracting so keep to a minimum or avoid altogether. Home staging is always about less versus more. This is especially true outside.
  4. Minimal decorations inside, too. Inside, one simple Christmas tree is always best, with simple white lights and standard ornaments in one color if possible (or no tree at all is preferred). Remember, not everyone celebrates Christmas. The more distracting your tree is – the less of your house the buyers will see. Remember, potential home buyers are not there to look at your stuff, they are there to fall in love and envision themselves living in your space. Loads of presents under the tree are sometimes hard for small children to resist so keep that in mind when your house is on the market.
  5. No stockings hung with care. Keep the mantle free and clear and uncluttered (as always). Let your buyers visualize decorating the mantle themselves.
  6. Replace, don’t accumulate.Wherever you add holiday decorations, remove the other decorations. Remove what you have before adding anything new.
  7. Fresh displays of flowers or holiday greenery can be added in the kitchen and dining room if desired. Go for one big, well-executed display versus lots of little things. Don’t go overboard with Christmas decorations in each room. Decorations easily turn to clutter which eats up equity.
  8. Be careful with candle displays and lit fireplaces– they cause accidents.
  9. Stow your holiday collections. Definitely don’t get out your collections of nutcrackers, Santa’s or other holiday display items that distract your buyers. These are the reasons buyers leave a house and ask their Realtor, “Was there a fireplace in the living room? I was so busy looking at their stuff, I don’t remember.”
  10. Bake up an offer. Finally, a freshly baked slice-and-bake cookies on the counter are a quick way to make the house smell fabulous and are a great way to win over the buyers – and hungry Realtors! Refreshments can help, too, so have some bottled water or anything else bottled or canned. Buyers get hungry and thirsty when out looking for the right house. Be sure to provide them with some napkins and it will keep them lingering in your home longer. Make sure your kitchen is spic-and-span spotless because while hanging out, they will notice everything!

Don’t wait to sell your home over the holidays

Remember, selling your Overland Park home over the holidays isn’t that much different than any other time of the year. There’s still time but you’ve got to get your home on the market NOW. I sold 13967 W. 146th Street in Olathe, KS on Christmas Eve with multiple offers. What a perfect Christmas gift for her!!!

For that reason, it’s a great time to sell since January is the busiest month for corporate relocations. Many people who are relocating to Kansas City are in town starting their search for the perfect home to buy.

Use these simple holiday home staging rules to prepare your home for sale. It will stand out from your competition so you win the home selling game over the holiday season. One more house SOLD FAST is good for everyone!

I hope these tips will help you understand how to sell your house over the holidays. If you want to sell your Overland Park home over the holidays, I can help. My home staging strategies give your home that model home look all buyers want so your home sells faster and for more money. Call or text me at (913) 515-3250 or contact me hereThe best part? My Home Staging services are FREE to all of my clients when they sell with Mel!

What’s your home worth in today’s market?

Also, here’s an easy way to find out what’s going with prices in your neighborhood. Click here and enter your address and a report from our local Heartland MLS will be sent directly to your email!

Looking for a house to buy in Overland Park?

Finally, be sure to check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

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Reasons Why Your House Isn’t Selling

There may be many reasons why your house isn’t selling but I will share with you the only 3 that matter.

Years ago, Fortune Magazine stated that a house will sell for 3 reasons: the price, the way it was or wasn’t staged and the Realtor you choose. As a lifelong Realtor and Home Stager, nothing else matters. Let’s look at each of those 3 factors in depth.

  1. Price: One of the most significant factors affecting the sale of a house is the price. If your house is overpriced compared to similar properties in the area, it may discourage potential buyers from showing interest in your home. Many sellers want to start high to leave room for negotiation. Why? Start at the right price and drive the price up rather than negotiate it down. Even if your home is in a lousy location or next door to a hoarder, price fixes everything. It always has and always will.
  2. Staging a home and preparing it for the market is crucial for a fast sale and oftentimes with multiple offers. Within 10 seconds of opening the front door, buyers will make a decision about your house. If your house doesn’t grab them emotionally from the start, you probably won’t sell your home anytime soon. Buyers make their decision about your house emotionally and justify their decision later rationally. Going hand-in-hand with home staging is the condition of your home. Selling your home is show time. Now is your time to shine.  Do what it takes to prepare your home for the market and you’ll be singing all the way to the bank. This is an emotional sale. Take advantage of it!!!

The last of the reasons why your house isn’t selling!

3. The Realtor you choose has everything to do with your transaction. From pricing, to staging, to marketing your home, if your Realtor isn’t on point, your home may not sell. When choosing a Realtor to sell your largest investment, talk to 3 agents before making a decision. I talk to sellers all the time that tell me home staging was never brought up when they talked to the Realtor they listed their home with. Then after a couple of weeks of the house not selling, home staging keeps coming up in the feedback.

Agents say things like:

  • It just didn’t wow my buyers
  • Don’t know exactly what it was but they just didn’t connect with the house
  • Might need some home staging to give it more appeal because it didn’t appeal to my buyers

Recent Home Staging Case Study

I recently received a text message from a lady whose house was on the market in Leawood. She told me her son said she needed to have her home staged after being on the market for over 2 weeks and not selling. There again, she thought home staging meant bringing furniture to a vacant house. That’s not what home staging is at all.  He told her there were people who worked with what you had to give your home a better home selling look. She googled home staging in Overland Park and found me. She sent me 3 messages in a short time frame (I was on an appointment) and finally told me what she wanted. After asking her a few questions via text, I looked her house up on MLS and determined it just didn’t do much for me. I responded that I could meet for a consultation the next morning and do whatever I could while I was there.

Your Home’s Photos Tell the Story

When I entered the house, it was exactly as I expected…it didn’t wow me at all. After seeing the photos online, I knew it probably had potential but most of the furniture was poorly arranged. Remember, the way you live in your home and the way you sell your house are two different ways!

What Was the Solution to a Home that Didn’t Show Well?

After thinking things through, I had a discussion with her of my opinion and vision. The kitchen and hearth room area was huge and had nothing to bring them together. Little did I know, she had a free-standing kitchen island that was stashed in the garage. We brought it in the house and I went to work searching for things that could be used in the staging of it. Between the island and changing the furniture in the hearth room, it brought the space closer together rather than having what seemed like a basketball court between them.

Clearing countertops and furniture tops is never anything I recommend because that’s not what home staging is. Agents will tell you to do that because they aren’t home stagers and it’s less expensive than hiring a stager. But at the end of the day, buyers want to see themselves living in your home and when it’s cleared of all of its personality, they don’t connect with it.

Since this seller had put all of her accessories away, I got them out to stage her kitchen. I ended up creating a coffee station, lemonade area, as well as a meal prep space on the island. Unfortunately in preparing her home for sale, she had stripped it of its personality. But it had a huge personality by the time I left. I was there for 2 hours and got the job done. Needless to say, we were both thrilled with the end result and she hugged me as I left:).

Happy Client Testimonial

Here’s what she had to say after we rearranged the furniture in her living room and hearth room/kitchen area and accessorized her house.

“Melinda did an outstanding job of giving my home a whole new look in just 2 hours. Amazing what she could accomplish by rearranging my furniture and using just what was in my cupboards. She responded quickly, communicated often and was easy to work with. I highly recommend her services.”

One happy seller name withheld since it wasn’t my listing

There may be many reasons why your house isn’t selling but these are the only 3 that matter. Figure out your situation and address it now. Days on the market are a killer for anybody selling a house. Buyers are wondering why no one has bought it!!!

In Conclusion

Don’t waste time sitting around wondering about the reasons why your house isn’t selling. It may need a little furniture rearranging or personality boost. Please text (913) 515-3250 and tell me you need some home staging and I’ll respond immediately or you can contact me here. We stage occupied homes and have been for the last 17 years! In as little as 2 hours, your home could have a whole new look.

Are you wondering if your home is priced correctly? Here’s an easy way to find out what’s going with prices in your neighborhood. Click here and enter your address and a report from the local Heartland Multiple Listing Service will be sent directly to your email!

Check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

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The Truth about Selling Your Home to a Family Member

Selling your home to a family member can be a more straightforward process compared to selling to a stranger. Or it can be a living nightmare. However, it’s still important to approach the transaction with care and professionalism. Here are some steps to consider when selling your home to a family member:

  • First and foremost, be sure to use the services of a professional Realtor to represent you as the seller. Even though you’re selling to a family member, it’s always advisable to hire a professional that you know, like and trust. You need someone who will guide you through the legal and financial steps of the sale. This alone will help keep the family relationship intact.
  • Next, determine the fair market value of your home. You and the buyer can both conduct research to determine the current market prices for similar properties in your area. Your Realtor can provide you with comparables and offer their opinion of what your house should sell for. If you and the buyer can’t agree on a price, you could get an independent appraisal. This can help prevent potential disputes or disagreements about the home’s value.
  • Once you and the buyer agree on a price, the buyer should meet with a mortgage lender. That step will start the pre-qualification process. This will inform the buyer on how much money he will need to purchase your home. A pre-qualification letter will show you proof that he is qualified to purchase the home.

Next Steps to Selling Your Home to a Family Member

  • Your Realtor can draft the sales contract once the buyer is pre-qualified. That contract will outline the terms and conditions of the agreement. It will include the agreed-upon sales price, payment terms, any contingencies and a closing date for completing the transaction. Also included will be other necessary paperwork such as property disclosures, and Realtor related forms needed to complete the sale and keep everyone compliant with the transaction.
  • The next steps would be for the buyer to hire professional inspectors for any inspections he wants to have. This includes an overall whole house inspection and a termite inspection. Also to be considered would be any specialty inspections such as chimney, septic, sewer line, etc. Any repairs would be negotiated after the inspections are completed. The process of things could be different of course, depending on what part of the country you live in and how real estate works where you are.
  • Once you’ve negotiated your repairs and come to an agreement, the lender will typically order the appraisal. This will actually determine the actual value of your home. Hopefully the house appraises and you can move on to completing the sale and the closing process. Closing typically involves signing the necessary documents, transferring ownership and transferring funds.

In Conclusion

Buying and selling a house involve a million other little steps. For that reason, while selling your home to a family member can be more comfortable to you in some ways, it’s absolutely crucial to approach the transaction professionally.

The right Realtor will:

  • guide you through the sale as a business deal
  • handle any issues that may arise
  • move the transaction along toward a successful closing and
  • have everything documented in writing so there are no misunderstandings.

As a result, you should be able to maintain a healthy relationship and avoid any potential conflicts within the family.

If you are considering selling your home to a family member, I would love to talk to you about how I can protect you in the process and save you time, money and frustration along the way.

If you’re curious about your home’s current value, here’s an easy way to find out what’s going with prices in your neighborhood. Click here and enter your address and a report from our local Heartland MLS will be sent directly to your email!

Check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

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2023 Midyear Real Estate Update

Many people are wondering about the local market so I wanted to provide a 2023 midyear real estate update. Is it a good time to buy or sell real estate? In my opinion, a good time to buy or sell is when the time is right for you. Having over 35 years of real estate experience, I’ve worked in many markets. No matter what the market is doing, you will adjust to it accordingly.

Thinking of selling your home?

If you are thinking of selling, there are still plenty of buyers out there who are looking for the perfect home. They may pay a little higher in interest rates right now but they will probably not be paying thousands more than the house is worth.

Don’t get me wrong, sellers are still getting multiple offers in many price ranges but houses are selling at a price closer to the actual market value. Furthermore, many buyers have calmed down from the interest rate hikes in the last few months and know if they find the right house, they can always refinance later if rates come down.

Here’s an easy way to find out what’s going with prices in your neighborhood. Click here, enter your address and a report from our local Heartland MLS will be sent directly to your email!

Thinking of buying a home?

First of all, when it comes to buying a home, I have seen interest rates everywhere from 3 to around 12 percent. I personally purchased my first home in the early ‘80s at 16 ¾ %. Interest rates will always be what they are and there is nothing anyone can do about them. We paid 16 ¾% because I was expecting my first child and in my mind, we desperately needed a house. To me, it was just what we had to do!

Not working with a buyer’s agent?

If you aren’t working with a real estate professional to help you buy a home in today’s market, you’re missing out. The right Realtor will help educate you on the market and how to be a winning offer when looking for the perfect home to buy.

Call or text me at (913) 515-3250 for a complimentary buyer consultation.

2023 midyear real estate update

Below are the latest local statistics from Heartland MLS that were reported in April, 2023 for the Greater Kansas City area:

Check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 or contact me here to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

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Selling Your Home this Spring?

If you are seriously thinking of selling your home this spring, the time is now. Hopefully you’ve been working on it over the winter so you’ll be ready to shine like a diamond.

The real estate market has really changed so if you missed my post on selling in a changing market, you can read it here.

For the latest monthly statistics on the real estate market, check them out on my website here.

Home Selling Shopping Spree

While shopping over the weekend for fresh, new accessories for my upcoming spring listings, I went into Home Goods to see what they were featuring this spring. I’m always looking for inspiration to update my Photo Gallery of my before and after photos.

First of all, I love the feeling I get when I walk into Home Goods. They know how to get you in the mood to shop. It’s the same trick I use for all of my new listings. Home Goods and I both know we’ve got a short time to grab the buyer while they are present and either they’ll buy or they’ll move on. I call it the 10 second rule. It’s based on grabbing the buyer within 10 seconds of entering a house…or a store. Think of Costco. You can hardly put your membership card away and Costco is reminding you of something they want you to buy. January is all about exercise,vitamins and hoodies.

Home Goods is bright, full of happy music, and the colors throughout the store are outstanding. Furthermore, it’s such a pick-me-up and an incredible feeling. I love their bright cheery dishes, pillows, springtime furniture and outdoor cushions. It makes me want to buy everything in the store and give my own home a spring makeover.

I also love Home Goods for doormats and front door wreaths. They are bright, colorful, and full of life. The spring season is the best time for a change. It’s like starting over new again. In addition, you get a new lease on life and your home deserves this as much as anything. For that very reason, you will reap the benefits from your mini spring home makeover.

Stand Out from Your Competition

This week while working on a couple of houses, I thought about what would make us stand out from our competition. Both houses had substantial front porches so I decided with the new season and the energy in the air, I wanted to focus on the porch and really hone in on the curb appeal to draw people inside.

As a result, at one of the houses I added a new spring doormat, a fresh wreath and added new pillows to the homeowner’s glider. The most fabulous part of this house was the screened-in back porch! After all, who doesn’t want a porch? My buyer, Ashley, (what’s a girl to do with a pedestal sink?) bought a house with a porch and without that pedestal sink a few years ago.

Here are My 11 Best Tips for Selling Your Home this Spring

  • Paint your front door
  • Add an expensive pot filled with colorful flowers next to the door
  • Find a pretty new wreath and hang it on your front door
  • Get some new house numbers
  • Change out your mailbox (if it’s on the house) or paint it to match the color of your door
  • Add some dark mulch to your flower beds
  • Shop somewhere like Home Goods and buy a few new colorful accessories for inside
  • Buy some new pillows for your couch
  • Paint a room (or the entire interior of your house)
  • Throw out last year’s outdoor cushions and get some new brightly colored ones that will cheer you up on a daily basis
  • Buy a new umbrella for your outdoor table or buy a table if you don’t have one
  • Amen!
Perfect curb appeal

We had a cold winter in Kansas City. Therefore, it’s time to live life to the fullest and enjoy spring. Whether you’re selling your home this spring and want to create the model home look or merely dwelling and need help zinging your home into spring, you can call me direct or text me at (913) 515-3250 or get started here. Remember…the Realtor you choose determines the results you get. Choose carefully!

Start your home search here and check out today’s new listings below in Overland Park. Let me know if there is anything you’d like to see.

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(all data current as of 3/1/2024)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

The State of the 2023 Real Estate Market

The current and predicted state of the 2023 real estate market certainly looks different than it did a year ago. Unfortunately, sellers want to sell like it’s 2022 and buyers want to buy like it’s 2008.

As everyone knows, mortgage interest rates have skyrocketed and are double what they were last year. There are mortgage companies that are closing their doors, sellers who can’t get their homes sold, and buyers who are disappointed that their dream home they didn’t get last year now seems like it will never happen.

Life happens and people move

Many homeowners who have a lower interest rate may choose to stay put for now. But there are also plenty of sellers who may need to downsize, move out of town for family reasons, or relocate due to a new employment opportunity.

Without knowing where interest rates will end up and what that will do to our economy and inflation overall, we have to take real estate a step at a time. And we will! No matter what you may hear or read, the sky is not falling.

One thing about real estate is true. People will always be moving. Real estate happens because life happens. I recently sold a house for a family who moved to Colorado, another past client who got married and moved into his house, as well as a family who moved to California to be closer to family members.

Baby boomers are still going to downsize

I work primarily with baby boomers that are in the process of downsizing. The reasons for their downsizing are many but add a possible recession into the mix and that gets them thinking and moving even faster. Many of my boomers that are on a current 5 Year Plan, have indicated to me they want to move things up and do something by the end of 2023. Some of them are going to get serious about getting rid of their stuff – sooner than later!

Regardless of the current economy or inflation, we have to deal with it is what it is. In other words, I bought my first house in the early 80s when interest rates were 16.75%. I was pregnant with my daughter and we were renting a small 2-bedroom house. I wanted to get situated for the new addition to our family. Had we waited for rates to come down, it could have taken years. We made the necessary adjustments and made it happen.

How to adjust to an uncertain real estate market

First of all, set aside everything else for a minute. Before anything, you need to decide what’s important to you. What are the alternatives if you sell your house in 2023 or don’t? If you’re selling your home, why are you doing that? Do you have the time and the health to wait until the real estate market corrects? And will it ever?

If you’re buying, how important is it to you to become a homeowner? Why are you doing that? If you decide to forge ahead, you need to know that there are many great programs and options out there to get into a mortgage interest rate that works for you.

I’ve been selling real estate for over 35 years and rates had never been at 3- 4% until recently. So live your life and quit trying to predict what’s going to happen. Do what matters to you. Quit listening to others.

The predicted state of the 2023 real estate market – 3 things I know for sure

Rates will remain higher than in 2022

At this time, I would imagine rates will probably end up around 6% or a little bit lower. What can you do about that? Absolutely nothing. I don’t like the price of a dozen eggs either but I can’t change it.

If you’re buying your first home, rates may be higher than you want but your rent will continue to go up as well. Are you going to continue to move every year to save a few bucks on your apartment rent because a new complex offers you a deal?

Home prices will decline

Will home prices decline or readjust? Home prices must re-correct every few years to get the market leveled off. It tends to happen every ten years or so. Trouble is, if you have to sell that house you overpaid for in 2021 or 2022, it’s not worth what you paid for it then so it becomes a real problem when the market shifts.

Home sales will decrease

It’s only natural that people tend to want to hunker down when the going gets tough. If you want to sell in 2023, be a smart seller and understand what it’s going to take to be the best house to choose from. There is no runner-up in the game of real estate. You either win or you lose.

So, if you’re selling, sell smart and do it now because as home sales drop, you’ll have more opportunities. Pick the best agent who has experience in navigating a challenging market. Home staging is more important now than ever. If you are still living in your home, hire the best stager to create that model home look that every buyer wants and will pay more money to get.

And if you’re buying, you’re going to have to lower your expectations a bit. It’s ok. Rates may drop a little later in the year but be smart and buy now while other buyers are waiting for the rates to drop. You’ll be in a better buying position with less competition and won’t be overpaying for a home like your friends did. Don’t despair, you’ll make the home that’s currently affordable for you into your dream home in no time. The state of the 2023 real estate market is not your opportunity for trying to keep up with The Joneses.

In conclusion

We have no idea what might happen with real estate or anything for that matter. Keep your blinders on and focused on what’s important to you. The last few years have proven to be unimaginable in so many different respects. What I know for sure, is once you decide something, do it and do it now. We never know how long we have or what the country is going to experience that could affect our destiny even more. In all actuality, real estate changes with the times, the same as your life!

I want to be your Realtor!

Check out today’s new listings either below or in the sidebar. Call or text me at (913) 515-3250 to see inside one of these homes. I AM NEVER TOO BUSY to show you a house. Real estate is my main hustle after 35 years! Everything else I do is bells and whistles to enhance your experience!

Remember…the Realtor you choose determines the results you get. Choose carefully!

  • List View
  • Map View

See all Real estate matching your search.
(all data current as of 3/1/2024)

Listing information deemed reliable but not guaranteed. Read full disclaimer.