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Kansas City Real Estate Blog

What Home Buyers Need to Know About PMIThere’s a lot that goes into buying a new home, and buyers need to know about everything that may stand in their way before the closing date arrives. One thing that home buyers should be familiar with is called private mortgage insurance, or just PMI. But what exactly is PMI, and why is it important? Here is what home buyers need to know about private mortgage insurance cold possibly affect their mortgage loans. 

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What is PMI?

When a home buyer pays their down payment, depending on their mortgage loan of choice, they can pay anywhere from 3-20%. However, in exchange for a down payment lower than 20%, the

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4 Reasons You Should Get a Home WarrantyWhen purchasing a new home, the new homeowners may find that they are receiving offers in the mail for something called a home warranty. A home warranty covers appliances and systems in a home like a warranty that someone would buy for a new phone or computer. Many homeowners are on the fence about if they should buy one or not because they tend to be more helpful in some homes over others. Here are some of the different reasons homeowners choose to buy a home warranty.

The Home and Its Appliances Are Old

As electronics and appliances age, they have a tendency to break. And though new home technology may appear to never wear out or break, it can happen. Wires get old, screws come loose, motors stop working, and if these things happen, it can

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What All Veterans Need To Know About VA LoansVeterans of the United States Army and its many different corps are familiar with the Department of Veterans Affairs, but what they might not be aware of is that the VA offers all veterans a loan especially for them: the VA loan. VA loans are quite different than traditional loans that home buyers may already be familiar with, so it’s important for veterans who want to utilize the government assistance they receive to its fullest to know what they’re entitled to. Here is what veteran home buyers need to know about using VA loans.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Different Loans For Different People

One misconception a lot of people

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Your Guide to FHA LoansThe Federal Housing Administration (FHA) is the branch of government that makes it easier for hopeful homeowners to purchase the property of their dreams. While conventional mortgage loans traditionally request good to excellent credit and substantial savings, the FHA relaxes their requirements so more people have a chance at buying a home. The FHA also backs the loan in the case of default so that lenders have that many more reasons to work with clients.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Understanding an FHA

FHA loans were originally established in the 1930's as a way to inject life into a sluggish housing market. It should be noted

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The Best Smart Home Technology InvestmentsThere is no shortage of smart technology these days, with practically every company racing to adapt the latest breakthrough to their new devices. And while it's clear the market is seeing signs of saturation, homeowners should be aware that smart technology can really improve their property if they know which devices to buy. For those looking to increase the value of their home, keep these four gadgets in mind before solidifying any other home improvement plans.

Smart Moisture Detectors

Water damage in a Kearney new home is not always detectable, especially if a homeowner has a larger property. In addition to drainage or puddling, it only takes a small amount of excess humidity to cause a case of mold. These two dangers can cost a homeowner

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What Are Capital Gains Taxes? What Homeowners Need to KnowSome homeowners must pay capital gains taxes when they sell their home. Capital gains are taxes on profits made from selling an investment. Capital gains taxes apply to the sale of a primary residence or vacation home. Some homeowners must pay capital gains, others do not. Knowing the circumstances under which capital gains are applied and how to avoid paying capital gains can help homeowners save their money when they buy a property.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

When Do Capital Gains Taxes Apply to A Real Estate Sale?

Homeowners who are selling their primary residence are allowed to make a modest profit (up to $250,000) on the sale of their

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All About Conventional LoansA mortgage is a loan that helps a Kansas City home buyer purchase a house. Mortgages come in different types, including federally backed mortgages like FHA loans, VA loans and USDA loans. Mortgages also come in "conventional" types, meaning that the lender is not protected by the federal government if the home buyer defaults on payments. This assumes the loan continues to be held by the lender and not sold to another entity and/or Fannie Mae or Freddie Mac. When compared to federally backed loans, conventional loans have some advantages and disadvantages. Here's what home buyers need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Conventional

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How To Stage Your Home For SellingWhen selling a home, there are many thins that homeowners can do to help make the home more appealing to buyers, and one of those things is staging. Staging is when a homeowner specifically decorates their home in order to make it appealing to a general audience in order to give buyers inspiration for what they can do with a home and how it may feel to live in it. Here are some staging tips homeowners can keep in mind when preparing to sell their home.

Keep the Home Clean

While this may seem obvious to most people, it’s always good for homeowners to see a reminder to keep their Independence home for sale clean. It’s easy to let a home get messy, especially when selling when everything gets so hectic with balancing showings, real estate

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Documents You Need to Sell Your HomeSelling a home can involve a lot of paperwork. Every home sale is different, but homeowners who have their paperwork properly assembled during the listing and sale process may find their real estate transaction easier to manage. Everything from documents regarding home improvements to warranties and sale receipts for new appliances can become helpful. Here are a few sets of documents or papers that home sellers may need when selling their homes.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Survey Documents

If a home seller has had a survey of their property in the past, they may use this document to clearly show the boundaries of the property

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What a Home Inspection Will Tell YouAlthough paying for an independent home inspection as part of the home-buying process may, in some cases, seem unnecessary, today it is typically one of the standard clauses of any real estate offer. The inspection is normally conducted at buyer expense, so it is important to understand the reasons for an inspection and exactly what it entails.

The expectation, of course, is that a home inspection will identify any areas of concern, allowing the buyer and seller to address those issues and possibly negotiate solutions prior to finalizing a contract.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Time Frame and Cost

A written offer on a home

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