Overland Park KS Homes for sale & Johnson County Real Estate Blog: February 2010

There are many would be first timers who would love to buy a home but lack the 3.5% down payment needed. What many first time home buyers don't know is that there are several programs available to help them.

HUD homes

HUD homes only require a $100 Down Payment plus HUD allows for up to 3% of the purchase price be used for your closing costs.

USDA Rural Development Loans

Loans backed by the USDA don't require a down payment. The only kicker is that the home must be in a rural development area. Gardner, Stilwell and Spring Hill in Kansas and Blue Spring and Grain Valley in Missouri. The good thing is that more properties qualify than you think.

MHDC

The MHDC is a bond fund that gifts down payments in Missouri. They have several programs for first time homebuyers. The MHDC does have income restriction based on family size but is a great program.

If you are down payment challenged let my team of lenders show how to use one of these great program help you become a home owner.

Remember that the $8000 First time home tax credit expires April 30th

Call The Russell Home Team today at 913-681-1383

Just Listed

2 new Overland Park Kansas HUD homes

No down payment? No problem. These 2 new Overland Park HUD homes only require a $100 down payment. Not only can you purchase with a $100 down payment but you can also ask HUD to pay your closing costs. Even better, if you are a first time home buyer you may qualify for the $8,000 first time home buyer tax credit.

3 bedroom 1 bath $100,800

4 bedroom 2.5 bath $122,000

Open bidding ends 2/28/2010

Call the Russell Home Team today for a private showing at 913-681-1383

We are HUD registered brokers for Kansas and Missouri

Just listed

Lenexa Kansas HUD home for sale

If you are looking to purchase a home in Lenexa Kansas but lack the 3.5% down payment you should consider a HUD home. HUD homes in Lenexa Kansas only require a $100 down payment. Not only that but HUD guidelines allow for 3% of the purchase price to be used for closing costs.

If you are a first time home buyer you may also qualify for the $8,000 first time home buyer tax credit. The bidding deadline for this Lenexa home ends 2/28/2010

3 bedroom 2.5 bath $104,000

The Russell Home Team are HUD registered brokers in Kansas and Missouri. Call us today at 913-681-1383 to view thi Lenexa HUD home. 

With less than 75 days left, the competition for first time buyer homes is really heating up. Just like in September of last year the best homes are selling and selling quickly. Adding fuel to the fire is the $6500 move up home buyer tax credit. Many homeowners are moving up to was is just the upper end of first time buyer homes. We are seeing new inventory of homes everyday but the good ones are gone before the weekend is over. 

If you have been on the fence or trying to wait as long as possible to jump into this market. You may want to get going. Nobody likes to be the last one without a prom date. Come April 15th if you don't have a house under contract you will be fighting for every left over house or desperately trying to find a diamond in the rough.

Don't get left out in the cold or worse yet, don't get stuck taking your sister to the prom.

Call The Russell Home Team today at 913-681-1383, we have lenders standing by to get you pre-approved and buyers agents ready to show the best homes Johnson County has to offer.

The Russell Home Team

90 Day Easy Exit Listing Agreement

Are thinking about selling your Johnson County Kansas Home? Are you worried about signing a long term listing agreement? You know, what happens if you don't like the service you receive or the results from your current agent. What do you mean we are stuck for 6 months to year? 

You will never have to worry about that with The Russell Home Team. We offer a 90 day Easy Exit Listing Agreement. If don't believe we are living up to the expectations we set at the time you hired us, then after 90 days you can fire us. No questions asked. 

The 90 Day Easy Exit Listing agreement, just one of the many reasons to hire the Russell Home Team to sell your home.

Selling? Contact The Russell Home Team today at 913-681-1383

Available Johnson County KS HUD Homes 2/8/2010

Are you looking to purchase a home in the Johnson County KS  area? Are you having a hard time coming up with 3.5% for a down payment? Do you want someone else to pay your closing costs? 

How about buying a HUD home? HUD homes in Johnson County Kansas only require a $100 down payment. Not only that but HUD allows for up to 3% of the purchase price to be used for your closing costs. Sound like a good deal to you? 

New HUD homes are listed weekly and are sold on an 10 day bid period. You must use a HUD registered broker to make an offer on a HUD home.

Currently there are 8 HUD homes available in Johnson County

Gardner

3 bedroom 2 bath $152,000

4 bedroom 3.5 bath $210,000

Olathe

4 bedroom 2.5 bath $165,000

4 bedroom 2.5 bath $170,000

2 bedroom 1 bath $50,000

3 bedroom 2 bath $140,000

Overland Park

3 bedroom 1 bath $112,000

Spring Hill

3 bedroom 1 bath $74,000

The Russell Home Team is a HUD registered broker in Kansas and Missouri. For more information on HUD homes for sale in Johnson County Kansas call 913-681-1383 or you can use our links below to search all Johnson County KS HUD homes for sale.

If you are a potential home buyer is Johnson County KS you have less than 90 days to get a home under contract. Yes, less than 90 days. 

If you want to collect the $8,000 first time home buyer tax credit or the $6,500 move up home buyer tax credit you only have until April 30th 2010 to get a house under bona fide written contract or you do not qualify.

Still waiting, hoping for another extension? Are you willing to risk up to $8,000

Call the Russell Home Team Today at 913-681-1383. We have buyer specialists and mortgage lenders standing by to make your home purchase a reality.