Kansas City, MO Real Estate News

By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
We are getting very close to setting a date for our next multi-property real estate auction event in Kansas City.If you are a real estate agent and have a motivated seller with a property located anywhere in the Kansas City metropolitan area, give me a call to discuss how you can help your seller, be a hero, and get paid.This event will be a great opportunity for your seller to get maximum exposure for their property, as well as sell in a timely manner for market value.If you would like additional information as well as advice on how to present this opportunity to your client, please feel free to pick up the phone and call me at your convenience.If you have any questions about buying or selling real estate at auction, please feel free to call me at 816-361-2600. Mayo Auction and Realty,...
Comments 0
By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
This 10 part series will hopefully help dispel some of the most common myths about real estate auctions that I have encountered as a professional Real Estate Auctioneer. Please visit my Auction Blog to read the other myths.Myth 6 - An Auctioneer needs to be a licensed real estate agent to sell real estate at auction.This is one myth that is quite an eye opener. In the State of Kansas, a real estate license is required to conduct a real estate auction. In the State of Missouri, all you need is $52 and a pulse to be a licensed auctioneer and be able to offer real estate at auction.Other State laws vary, and in fact some States have very strict laws and guidelines, while others do not. It is important to know this if you are interviewing a real estate auction company. Following are a few q...
Comments 3
By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
This 10 part series will hopefully help dispel some of the most common myths about real estate auctions that I have encountered as a professional Real Estate Auctioneer. Please visit my blog to read the other myths.Myth 5 - The auction company places people in the crowd to bid for the seller. This is one of my biggest pet peeves. It is called shill bidding and it is WRONG!There is no need for this type of activity, and a reputable auction company will not plant bidders in the audience.It is important to read the terms and conditions of the real estate auction to understand what type of bidding is allowed. If a property is being sold 'subject to owner confirmation,' and it is disclosed that the auction company can bid on behalf of the seller up to the reserve amount, then this is perfect...
Comments 2
By Ben Edsall
(Turn-Key Properties LLC, Missouri and Kansas Real Estate)
Nearly everyday I hear from another West Coast investor. Seems the market is flooded with buyers from the West Coast. Many are looking now at the massive number of foreclosures on the market. While foreclosures offer great opportunity for upside, they come with a vacancy problem, and usually some rehab costs. Vacancy costs money, rehab costs money make sure you factor your vacancy and rehab figures into your investment pro-forma. Now take those figures and compare them to what you would have if you had made an offer on a tenanted home or apartment complex. The foreclosure boom has made selling tenanted properties that much harder. Prices are getting lower and Cap Rates are getting higher. Be sure to check sites like http://www.loopnet.com for other investment opportunities before you co...
Comments 4
By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
This 10 part series will hopefully help dispel some of the most common myths about real estate auctions that I have encountered as a professional Real Estate Auctioneer. Myth 4 - The only reason people have an auction is because someone died or the seller is in financial distress. There are a number of reasons why people choose to have a real estate auction. in fact some of the most common reasons have little to do with the sellers financial situation or the settlement of an estate.Some of the most common benefits include:1. Negotiations eliminated - Because price is determined with competitive bidding, there is no back and forth negotiating that can sometimes lead to a property not selling after considerable time has been invested.2. Increased property exposure - Auctions require an ag...
Comments 2
By Chris Lengquist, Kansas City Real Estate Investing
(Ad Astra Realty)
Today was my first visit to the Kansas City Zoo in what has to be at least thirty years.  And I had a great time with my family.  Well, most of them anyway.  You won't find any digital photos of my own here because my digital camera is in Fiji with my oldest son.  But that was a previous post.The reason it's been thirty years between visits has nothing to do with being "zoophobic".  When we lived in DC we would go to the National Zoo about every other year.  What a fantastic zoo that is.  And if you are in Washington, DC you should definitely make time to visit the National Zoo.  After all, your tax dollars are paying for it!To say that I was pleasantly surprised with the changes and updates of the Kansas City Zoo would be an understatement.  Listen, KC will probably never have a world ...
Comments 4
By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
This 10 part series will hopefully help dispel some of the most common myths about real estate auctions that I have encountered as a professional Real Estate Auctioneer. Myth 3 - I won't get free and clear title on the property or the owner might take the property back from me after buying it. This myth is based on the traditions of court house step type auctions, commonly referred to as sheriff's auctions or tax lien sales. In this scenario the owner has a legal remedy to get their property back called a "redemption period." Each State will have a different time frame for the redemption period.Most auctions conducted by professional real estate auction companies are not these types of auctions, and redemption periods are not part of the terms and conditions.In fact, most public real es...
Comments 5
By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
This 10 part series will hopefully help dispel some of the most common myths about real estate auctions that I have encountered as a professional Real Estate Auctioneer. Myth 2 - The property is distressed, something must be wrong with it & I won't find out until I buy the Property. It is true that one of the primary reasons a Seller will choose the auction method of marketing, is the benefit of selling the property "as-is," without contingency upon inspections.However, this does not mean that the condition of the property is being hidden from the potential buyers. In fact, a reputable real estate auction company will use disclosure forms and encourage the seller to disclose all known defects or issues with the property.In addition to encouraging full disclosure, a reputable real estate...
Comments 2
By Robert Mayo, CAI, AARE, AMM, GPPA
(Mayo Auction & Realty - Your Kansas City Auctioneer)
I am always amazed at how many myths there are about real estate auctions. When I meet with sellers and buyers I do my best to dispel these myths. This 10 part series will hopefully help dispel some of the most common myths that I have encountered.Myth 1 - If I buy a property at auction I will have to produce the total amount of cash on auction day. Not all auction companies utilize the same terms and conditions, so make sure as a buyer you have a complete understanding of the terms and conditions of the auction.Most public real estate auctions require a deposit on auction day, and allow 30 days for closing. The deposit will usually be a flat amount, or a percentage of the total contract price.Although the majority of the properties that are sold at auction are sold with no contingency,...
Comments 9
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
My favorite coffee to enjoy while working on Kansas City Real Estate has some new blends!!Now is the time of the year for friends and family, barbecue, little league baseball and sitting by the pool and reading a book. Enhance the experience of summer with hot or cold coffees and teas prepared with passion by your friends at The Roasterie.Only the Best Get Canned:Our Limited Reserve Coffee Cans symbolize the uniqueness of the coffees within. Many of these coffees have won awards and have been reviewed as some of the highest rated coffees in the world. We are currently offering all Limited Reserve Coffee Cans at a discounted price of 20%.Santa Isabel of Nicaragua - Cup of Excellence®http://emailer.emfluence.com/r.cfm?id=1620547^144961^http://www.theroasterie.com/shopping/detail.asp?DOM=1...
Comments 2
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
So you've put a contract on a home, it's been accepted.  All the negotiations are complete and now it's time to get ready to MOVE!Moving is said to be one of the most stressful things you can do in your life.With some careful planning it doesn't need to be!Start by planning your move... even if you aren't a "list" person I strongly suggest becoming one to prepare for your move.Make a list of all the things you need to do to make your move successful... successful is the key word here: THINK SUCCESSFUL!May is the busiest moving month, so if you are planning a May move get to work!  Contact a mover to come and give you an estimate or reserve a truck from a company to move with.  If you are planning on using friends to help you with this dastardly deed, give them a month's notice. Suggesti...
Comments 5
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
I don't want you to think I'm NUTS and I don't want any of my readers or potential clients getting sick, so I wanted to pass along this tid-bit regarding Interstate Brands Corp. who makes Hostess Mini Pound Cake. This doesn't just effect the Kansas City Real Estate area but nationwide!Interstate Brands is recalling 3.25 oz. individual snak packages of Hostess Mini Pound Cake because of a packaging error.  Some of the packages my contain Hostess Carrot Cake, made with walnuts.The Kansas City-based company is recalling packages of the pound cake with the code date May 28 53 122, UPC #4500041159The recalled product has been distributed to retail stores in parts of Missouri, Arkansas and Texas and throughout Alabama, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Loui...
Comments 12
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
I learned a couple of things yesterday that will help me in my Kansas City Real Estate adventures!Of course I try to learn something everyday, but yesterday was something that will definitely help my clients!Ever since we moved in our home five years ago we've maintained a maintenance contract with A.M. Heating and Cooling. (it was a struck of luck that we found such a wonderful provider)Some may think a maintenance contract with a Kansas City Heating and Cooling company is foolish, we find it very wise.  Regular maintenance of your a/c and heating units are essential in keeping a safe and healthy environment for your family. And you personally should change your furnace filters once a month.Mark Avinew of A.M. Heating and Cooling is amazing when it comes to knowledge, customer service ...
Comments 0
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
This is just to show you that Active Rain WORKS!I received this message this morning from Mitch, through AR to my e-mail.  He's been reading my blog... SO CONSUMERS are reading AR.With Mitch's permission I am including his e-mail to me after he read my blog.Thanks Mitch...... and since you were so impressed, please give my name to all your friends and family. :)" Hey, oddly enough I came across your blog when I did a google search for the Scratch and Dent appliance place down on Front Street, but having just finished buying a house in Feb and being 2 weeks away from closing on selling my old house, I was pretty interested in your site.Wish I'd found it about 6 months ago.I just wanted to tell you that I found it very interesting and I kept saying "Right on!" to a lot of your comments ab...
Comments 2
By Chris Lengquist, Kansas City Real Estate Investing
(Ad Astra Realty)
The City Market is found in Kansas City's River Market area.   The River MarketWhen I left Kansas City in 1986 to begin my journey in Washington, DC, I left a downtown area of Kansas City that no one really wanted to be a part of.  My how things have changed. When I returned in 2004 and began exploring all that had changed during my odyssey I was most pleasantly surprised to find the River Market area.  To give you some background, when I was growing up this area was known as the River Quay.  Translation to Kansas Citians of that era, River Quay meant "place where mafia members blow each other up".  Today it means lifestyle.  The area is alive and well with a mixture of young urbanites and people from the suburbs walking around looking at the abundance of loft conversions going on.  Urb...
Comments 7
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
From the B.B.Q. Capital of the world....... one of the things that Kansas City, Missouri is FAMOUS for.... B.B.Q.McGonigle's Market was the location today for a great benefit for Midwest Foster Care and Adoption Association (MFCAA) McGonigle's Market donated $5.00 from every slab of ribs purchased to MFCAA and of course we were there!You cannot find a better place for fresh, tender meats to cook at home or purchase their smoked meats and fish if you prefer not to do it yourself.Smoke filled the air and the aroma of the neighborhood was mouth-watering!  McGonigle's predicted that 3500 slab of ribs would be sold.   
Comments 5
By Fran White, Kansas City North Real Estate, 816-682-3897
(North Kansas City Real Estate, Reece and Nichols Residential)
I've seen a lot of Buyer Incentives lately in Kansas City Real Estate....."Hot Tub Stays"  "Big Screen TV Stays".....  "My Wife Stays... she cooks AND cleans"No but seriously....... do you feel that those are really things that encourage buyers to buy that particular home?Would you buy a home just because the big screen tv stays?  I wouldn't.... the home has to be something that appeals to me in all ways not just because the big screen tv stays, quite frankly I don't like watching television. I always tell my buyers to make a list of the things they are wanting in a home and prioritize that list.It's important that buyers are getting a home that suits all if not most of their needs. 
Comments 3
By Chris Lengquist, Kansas City Real Estate Investing
(Ad Astra Realty)
I remember that day very clearly. I waited with anticipation, and apprehension for 3:00 pm to arrive. I was so excited that I arrived 10 minutes early even though I only lived 4 minutes away. The date was July 23, 2002. 68402 was the Cessna 152 I was about to fly for my Private Pilot's license exam. Aside from my wedding day and the birth of my children, NOTHING exceeds the sense of accomplishment I felt that day."Congratulations. You are now a private pilot." Those words still ring in my ear. It was the culmination of a lot of work. The direct result of careful planning, much study, learned execution and faith in the flight instructor I had hired to guide me through the process. My instructor was Felicia Barton. I've since lost track of her. But I'll never forget her. "Airspeed. Center...
Comments 9
By Paula Walter, Ph.D. e-Pro REALTOR
(Realty Executives of Kansas City)
Tiffany Greens will be the location for the 2007 Women's Golf Expo on June 5th. This expo is for the Mercedes Benz of Kansas City Championship.For your golfing enjoyment, the membership options include benefits such as family membership privileges where appropriate, advanced starting times, Club Charge Account, Practice Areas, Playing fees, Handicap, lockers, club storage and the newsletter.Green Fees are DAILY GOLF FEESRates effective April 1 through October 31 (All fees include cart)PRIME TIMES (before 3:00 p.m.)WEEKDAY (Mon-Thu) 56.00 WEEKEND (Fri-Sun) 66.00TWILITE TIMES (after 3:00 p.m.)WEEKDAY (Mon-Thu) 49.00 WEEKEND (Fri-Sun) 56.00 SUPER TWILTE (after 5:00) WEEKDAY (Mon-Thu) 41.00 WEEKEND (Fri-Sun) 46.00SENIOR (Mon-Thur Only) 40.00  (Must be 62 years or older)RENTAL CLUBS AVAILABL...
Comments 0
By Paula Walter, Ph.D. e-Pro REALTOR
(Realty Executives of Kansas City)
During the 1940's Swope Memorial Golf Course was home of the PGA Tour's Kansas City Open. According to the website, Swope Memboer is the only public course in the Kansas City area to have hosted a PGA Tour event.The website information says that Swope Memorial is "the premier classic public golf course. Designed in 1934 by legendary architect A.W. Tillinghast, Swope Memorial Golf Course features rolling fairways, beautiful mature trees and small undulating greens"There is a wide selection of membership options. The Unlimited Adult Pass includes Free greens fees at Heart of America, Hodge Park, Minor Park and Swope Memorial anytime. The rate is $995.00 ($50.00 Senior Discount (must be 60 or over) The Unlimited Family Pass includes Free Greens fees at Heart of America, Hodge Park, Minor P...
Comments 0
Explore Kansas City, MO