Just Listed! Elegant 2-Story Colonial Behind the Exclusive Gates of Maplewood

For Sale by Sara Van Allen Keller Williams Realty Partners.

For Sale by Sara Van Allen Keller Williams Realty Partners.

Welcome home to this majestic all brick estate on nearly an acre lot in the tranquil neighborhood of Maplewood in Lenexa. The exquisite upgrades begin with a manicured, cul-de-sac lot with inviting circle drive and side entry garage. The main level is perfect for entertaining with gleaming hardwood floors throughout.  The formal living and dining rooms are waiting for your next event.  The bright kitchen boasts a large center island, built-in Stainless Steel appliances and walk-in pantry.  The 4 season sun porch is accessible from either the family room or the kitchen and is just the place to enjoy a cup of coffee or a glass of wine at the end of the day.

Awake each morning behind the double doors of your private Master retreat with vaulted ceilings and full walk-in closet with enough storage for your entire wardrobe and then some.  Your newly renovated Master Bath with heated floors, dual vanities, free-standing spa tub, and separate walk-in shower will melt away the stress of the day.

Other remarkable extra features in this distinctive 7500sqft home include the convenience of a complete home gym, walk-in cedar closet on the bedroom level, and a private Den on the main floor with fireplace.  The full, finished walk-out lower level boasts a large Cherry pub bar with Corian counters, media room, and billiards room with a spacious hobby room or additional office space. New stone covered steel roof with a lifetime guarantee, zoned HVAC, and separate guest quarter access.  For a private showing contact me at 913-558-2053.

A new door awaits!

Would you like to take the Virtual Tour of 8335 Maplewood Drive? Click here

Find me on Facebook at http://www.facebook.com/saravanallenrealtor or follow me on Twitter @SaraVAHomes

Home is Listed by Sara Van Allen, Keller Williams Realty Partners, Inc.
Each Office is Independently Owned and Operated, Equal Housing Provider

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Should We Stay or Should We Sell?

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You may have heard a time or two recently that the housing market is looking pretty good.  If you have a home to sell, you may breathe a sigh of relief to hear that the average sales price for the month of February was 9% higher THIS year than last.  According to Heartland MLS, 68.1% of houses in Johnson County were sold within 90 days in the month of February.  On top of solid sales numbers, interest rates are holding steady somewhere around 4.5%.  You have heard me talk about “moving up” before, with interest rates staying put (for now) and the home prices on the rise, you have potential to find equity in your new home in addition to the extra space that you have been wanting.  So the $300,000 question is…Is NOW the RIGHT time for ME?

1. Do You Have Equity?

The price of any item (including residential real estate) is determined by the simple economic theory of ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.  The current inventory in our market is tight.  According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every summer. Putting your home on the market now instead of waiting for the increased competition of the summer might make a lot of sense.  Sellers in some areas are receiving multiple offers and frustrated Buyer’s Agents are clamoring to get the scoop on hot new listings which leaves you in an excellent place to negotiate.

So will this market work for you? Equity is the answer.  At one point in time, most found themselves a little upside down on what they owe vs. what the market says it was worth.  If you have been in your home for a few years and have been able to recoup that loss then it may be something to consider.  If you are ready to downsize, and you have equity, this is your time to shine.  Which brings me to the next question…

2. Does Your House Still “Fit”?

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%. There is no way to predict the future. However, you look at what happened over the last year. Let’s look at buyers that considered moving up last year but decided to wait.

Assume they had a home worth $300,000 and were looking at a home for $400,000 (putting 10% down and taking a mortgage of $360,000). By waiting, their house appreciated by 13.8% over the last year (national average based on the Case Shiller Pricing Index). Their home would now be worth $341,400. But, the $400,000 home would now be worth $455,200 (requiring a mortgage of $409,680).

Here is a table showing what additional monthly cost would be incurred by waiting:

 

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So back to the question of, does it fit? If you feel the walls closing in or if you are ready to downsize, sooner rather than later is the way to go, wouldn’t you say?

3. Is When to Move a Factor?

Summer is one of the most common times to move for one BIG reason.  Sure most people would rather move in sunshine than in -10 and snow, but the most common reason given is that the Summer months are the least disruptive for schedules.  The kids are out of school, most people will schedule a vacation (or 2) over the summer months, so why not? For those with children, if a move involves a change in schools it is easiest to begin when everyone else is also returning.  If you have a pretty flexible schedule and schools are not a priority, the lower inventory of the Fall or Winter seasons may net you more proceeds if you are still working toward building equity.

When you are ready to list with me, I would be happy to provide you with a Custom Home Analysis to answer any questions you have as to whether the timing is just right.  I will give you a little hint…in my professional opinion.  If you even have a thought about selling right now, you should really entertain the idea.  I’m here to help you through every step of the way!

Happy Spring Market!

Sara

 Find me on Facebook at http://www.facebook.com/saravanallenrealtor or Follow me on Twitter @SaraVAHomes

Sara Van Allen is a Licensed Realtor in the state of Kansas with Keller Williams Realty Partners, Inc.  Each Office is Independently Owned and Operated.

 

 

Graphics and Statistics from Heartland Multiple Listing Service and Keeping Current Matters

14 Reasons to List Your Home During the Holidays

14 Reasons to List Your Home During the Holidays

#1 ~ There is less competition for buyers.

#2 ~ Winter prospects are more serious and motivated buyers.

#3 ~ Homes shows better when tastefully decorated for the holidays.

#4 ~ If the landscaping is the one drawback to your curb appeal, winter is a great time to sell.

#5 ~ One of the highest ratios of “Listings Sold” to “Listings Taken” occur during this time of year.

#6 ~ You may receive more money for your home because there is less competition.

#7 ~ Throughout the holiday season you may restrict showings during personal family gatherings.

#8 ~ Buyers have more time to look at homes during the holiday season, especially during vacation time.

#9 ~ January is traditionally the biggest transfer month and they will use their vacation time to scout out a new city. So you must be on the market to capture them!

#10 ~ By selling now you can have a delayed closing or extended occupancy
until the beginning of the year.

#11 ~ If you sell during the winter, you may chose to purchase during the spring
when there are more homes to choose from and more competitive prices.

#12 ~ You may have fewer actual showings, but more qualified and motivated
buyers.

#13 ~ Corporate transferees, who need to buy a home now, can’t wait until spring
to purchase.

#14 ~ Bottom Line- By listing NOW you may have fewer showings, but more
qualified and motivated buyers, which should result in a quicker sale and
better price for you!!!

If a new home is on your wish list, call me at 913-558-2053.
Happy Holidays to all of you!
Sara