Overland Park KS Homes for sale & Johnson County Real Estate Blog: Missouri: Kansas City

The Kansas City Dream program is back. Do you want to buy a home but lack the needed down payment? Then it is time to consider the Kansas City Dream program. Here are the details:

One of the hardest things about purchasing a home is coming up with a down payment. 3.5% doesn't sound like much but it can be a big hurdle to save with all of the costs life puts upon us. Now there is good news for anyone wishing to buy a home in the Kansas City area. The Missouri Housing Developement Commission (MHDC) has 2 program to help first time home buyers.

The first program is a down payment assistance whickh loans you your down payment against your $8,000 first time home buyers tax rebate.

The second program is for foreclosed properties and allows you to borrow additional money to fix up the foreclosed properties. For more information about both programs use the links below.

MHDC program Information Click Here

For more information about down payment assistance including Missouri HU homes for sale call the Tussell Home Team today at 913-681-1383 or visit www.SearchjocoHomes.com

Are you looking for a home is Kansas City Missouri? Do you lack the 3.5% down payment needed to finance a home. Well, then you are a good canidate to purchase a HUD home. HUD homes are homes that have benn foreclosed upon by the Department of housing and urban developement. These homes only require a $100 down payment and have a $500 buyer incentive if you close during the first 30 days the home is on the market.

Right now there are 23 HUD homes available in Kansas City, including Gladstone, Raymore & Belton. You need to act fast as these homes are subject to daily bidding.

Also you may qualify for an $8000 tax rabate. Lastly you need to submit your bid through a HUD registered broker.

For more information on Kansas City HUD homes contact the Russell Home Team at 913-681-1383 or use the tabs below to learn more about the $8000 tax rebate & to see all homes for sale in Missouri & Kansas.          

The Russell Home Team are HUD registered brokers in Missouri & Kansas. Please visit our website at www.MikeRussellHomes.com or call us at 913-681-1383

A new loan program was announced today for First time Home buyers in Kansas City and Missouri. The Missouri Housing Developement commission (MHDC) is offering $6750 towards your down payment. The $6750 is a loan that must be re-paid upon receiving your $7500 Housing stimulus rebate from the Federal Government. This is an excellent opportunity for First time Home buyers who lack the available down payment to purchase their first home.

For more information on the new loan program call The Russell Home Team at 913-681-1383

To See Kansas City Home For Sale Click Here

This information is brought to you by The Russell Home Team 913-681-1383 www.SearchjocoHomes.com

Are you looking to buy a house but don't have enough money for a down payment? Many would be home buyers meet all of the criteria to buy a home but are missing one crucial ingrediant, the down payment. If you are looking to purchase a home in Kansas City or Missouri you are in luck.

There are 2 program available right now to help purchase that first home. MHDC & the KC Dream fund can help provide up to 20% of the purchase price & closing costs when you purchase a home. If you have been waiting to get into the real estate market because a lack of down payment call us today and let one of our lenders get you preapproved.

For more information call Michael Russell at 913-681-1383 or email me at michael@russellhometeam.com

To search for homes now Click Here

This information is a free service of the Russell Home Team, your local real estate experts! www.SearchjocoHomes.com

Yesterdays KC Star described the 2007 real estate market as ugly. They spewed off a bunch of sales that showed some sellers taking a real beating on the sale of their home. The question I want to ask is this truly what is happening in our market? or is it more isolated? Perhaps there is a side of this story that you are not seeing or haven't thought about.

By reading yesterdays article you would think that 50% of the homes in the area are in foreclosure and the other 50% have lost over 10% of their value. Let the truth be known that homes are selling and selling everyday and not everyone is losing money. The sellers who are losing money have generally bought in the last 2 years. If you don't believe that look at the 4 year percentage change listed in the Stars article 80 of the 96 zip codes saw an increase. While most people focus on the short term, you might want to think about your long term gain.

For homeowners who have been thinking about a larger home, why would you not take advantage now? Are you waiting for the more expensive home's price to go back up? or maybe for the interest rate to go back to up?

The paper said ugly but what I read was opportunity. Let's busts some myths

Myth #1- Now is not a good time to sell.

              Now is a great time, houses are selling and if you listen to an experienced realtor we will get you sold

              quickly and for a fair price.

Myth #2- Now is not a good time to buy.

              There are oppotunities in every market. The biggest one is low interest rates, the second is choice.

              During the boom years all I heard about was how all of the good house get taken before we can even

              look at them. Well, now is your chance.

Myth #3- There is no mortgage money available.

              There is plenty of money. FHA has stepped in to help alleviate the sub prime gap and banks have

              plenty of money to lend. That's what bank do lend money.

The reality is that everyones situation is different from the next. Don't let media, the internet, Mom & Dad or anyone else tell you that now is a bad time. Be smart, get professional advise and make the decision for yourself. Real Estate is still the best long term investment you will ever make and now might be a great time to improve your situation.

2008 The Russell Home Team 913-681-1383 www.MikeRussellHomes.com

The 2007 foreclosure rates were announced yesterday by the tracking firm Realtytrac. While some areas of the country have been hit really hard, Kansas City is just slightly above the National average. There was some cause for concern though as the rate of foreclosure did rise almost 85%. from 2006. There were several areas of the country that were hit extemely hard including Detroit, parts of California and Las Vegas.

National Average        1.03%

Detroit                           4.92%

Stockton, CA               4.87%

Las Vegas                    4.23%

Kansas City                 1.18%

 So just a little bit above 1 out of every 100 households. The thing to remember is that not all of these homes get foreclosed, many homeowners are able to bring their mortgage up to date, refinance or sell the home before the forclosure is complete. If you are facing foreclosure, here are some things you should know.

1. Don't ignore the bank, they will work with you. They don't want to foreclose your home.

2.Don't get scammed, call a realtor and make sure they are experienced with foreclosures and short sales.

3.Do not under any circumstance sign your house over to someone, no matter how much they tell you.

4.If all else fails, try to sell the home.

5.What if I owe more than it is worth? You can sell and ask your bank to accept less money(Short Sale)

There is a lot of legitimate help out there, just seek it. Don't call the 1-800-number on a little white sign in your neighborhood. 

Any questions give me a call, Michael Russell 913-681-1383 www.MikeRussellHomes.com

When we were kids we were always aked that question, Have you been naughty of nice this year? For those of us who have been naughty we could expect a big lump of coal. Now has anyone ever really received a big lump of coal? While some Christmas presents are better than other's. I want to tell you about the best Christmas present I can think of.

This past Saturday Realty Executives of Kansas City dedicated it's third Habitat for Humanity Home, Joy Byrd and her family received the greatest present I think one could hope for. A new place to call home, a place where her children can call their own.

We want to thank everyone who helped build this home for Joy and those who helped fund this dream. We look forward to helping another lucky family in 2008 as we set out on our fourth Habitat home.