Documents Needed When Buying with CashToday’s Real Estate Land question is a follow-up question from our previous video about preapproval letters. The question: What if I’m buying a home in cash? How would I get a preapproval letter? The short answer is: with a proof of funds document! Watch the video for more info on what’s needed when buying a home with cash.
Welcome to Real Estate Land, you may have seen our other question about preapproval letters. One of the questions I got in response to that answer was, what about if I'm buying cash? How would I get a preapproval letter? Great question. So in the event you're buying a home with cash, what we are looking for is what we consider a proof of funds document. Now, that can be something typically on bank letterhead indicating you have sufficient funds available in cash to purchase the home. It's usually a one page document. Very simple. I've seen all different forms, but just something to illustrate to the seller. Yes, we are qualified to basically spend cash to buy this home. Pretty easy. Pretty simple, but great question.
Backup OffersWelcome to Season 2 of Real Estate Land! We’ve got a great question to kick off the next round of videos on all things real estate. What is a backup offer? Find out in today’s video, where I’ll give you an example and why it’s a good tool for sellers to use!
Welcome to Real Estate Land. Or I guess I should say welcome to season two of Real Estate Land. We're back in action with lots of great questions, so please send us one as we love these questions and we'd love to give good answers. This week, I got a question from a past client. Lydia, actually out of Leawood. Lydia asked me: what is a backup offer? And a backup offer is, simply put, a second place offer that will go into effect if the current offer in place does not execute
So if, for example, if one buyer is willing to buy one house and that particular buyer decides not to perform, the backup offer will immediately slide in to be the new offer, much like a contingency. And sometimes a seller will see it as added ammunition to hold the first buyer accountable for their original presentation. If a buyer gets squeamish or decides to not perform at that point, the backup offer can slide in and take its place.
Really good question. A little hard to explain, but it's a great opportunity.
Virtual Home Tour: 3339 Harrison St, Kansas City, MO 64109This historic 3-Story home in Hyde Park North has been tastefully redone from top-to-bottom while preserving the original characteristics & timeless architecture. Your dream kitchen offers top-of-the-line appliances, a 6-range stove & beautiful marble accents. The master suite showcases vintage fixtures, a sitting room, walk-in closet, spa-like bath with free-standing tub, shower & double vanity! Entertaining is made easy with multiple living & dining areas, butler's pantry & bonus giant mudroom/pantry off the back!
Spacious bedrooms, 3rd-floor vaulted bonus room is a must-see! This home features inviting doorways, charming window seating, stained glass, a brick driveway & a true vestibule entry. All the intricate details will blow you away!
What to Expect at an Open HouseWelcome to Real Estate Land! Another great question. Patricia from Leawood reached out to me this morning and said, “We're going to go to some open houses this weekend. What should I expect?” I said, “Well, to be honest, expect going to four different parties, all hosted by four different friends.”
Every house is different, every open house is different, and every agent is different. The goal of going to open houses is simply to see the home, see what your money buys and see what other homes look like.
You're going to find an annoying agent. You're going to find a fun agent. You're going to find a clean house. You're going to find a dirty house. Going to open houses is like the first chapter of the book. It's the educational process. It's seeing what else is out there. It's finding out what your money buys. It's determining that locations may be great, and may not be. That's your choice. Make the best of it. Make some friends have fun.
But always tell them I'm your realtor.
Virtual Tour: 2400 W 79th Terrace, Prairie Village, KS 66208Prairie Village perfection! This bright & airy 3-bedroom, 2-bathroom home features gorgeous hardwoods, exceptional curb appeal, and is remodeled top to bottom! Beautiful crisp kitchen offers granite countertops, subway tile, stainless appliances & opens to dining area.
Upstairs has been transformed into a luxurious master getaway complete with sitting area/office, full bathroom with powder area & skylights. The stamped concrete patio overlooks the lush green fenced yard with storage shed & garden!
Virtual Tour: 27517 W 100th Ter, Olathe, KS 66061Exceptional details & tasteful upgrades paired with indescribable views sum up this immaculate Reverse 1.5-Story in Cedar Creek! It features vaulted ceilings, chic lighting, exposed beam work & exquisite stone accents. Your dream kitchen is complete with an oversized island, top of the line appliances & a full butler's pantry.
Main floor master offers a private deck, free-standing tub & walk-in closet! Finished walk-out lower level fulfills all of your entertaining needs with a large rec room, full bar & wine room! Enjoy endless views from the back deck with an incredible stone fireplace or down on the stone patio with built-in firepit! Situated in a quiet cul-de-sac this maintenance provided villa will check everything off your list! Awesome amenities included with Cedar Creek!
Should You Include Appliances When Selling a House?Hi, it's Blake! Welcome to Real Estate Land. A great question this week: Sandy from Topeka, a good friend of mine, reached out and said, "Hey, do I have to include my appliances when I sell my house? Or better yet, should I include my appliances when I sell the house?"
So this is definitely a geographical, or I should say a regional question. In Kansas City, the washer, dryer, and refrigerator typically leave with the seller. Again, washer, dryer, and refrigerator, typically leave with the seller.
Now, as you know in real estate, everything's negotiable. Really the question becomes what do you as a seller want to do and what benefits you to get the best price? You can leave them if you want, but of course, if you do, get the value for them or illustrate in your marketing that that's an extra bonus in buying your house relative to someone else's. But, if you move from the coast, the scenario is completely different. Also factor in where are you moving from and where are you moving to.
Great question, Sandy! I always love the questions. Leave me another one!
Does Weather Affect Real Estate?Welcome to Real Estate Land! I've got a great question. This question came from... myself! This is a question that often doesn't get asked, but it's something I like to talk about. Does weather affect real estate? Or does weather affect when my house should go on the market? Absolutely. As you can see, I have a sweater on today and I had a tank top on yesterday because the weather in Kansas City is always changing. When weather changes, so does the mood of buyers and sellers. I see a surplus of buyers come out of the woodwork when spring hits. But I also see a surplus of buyers come out of the woodwork when the temperatures drop and people are thinking about being cuddled up in their home. That's when they want a new home.
Does weather affect real estate? Constantly. Every time we see a drastic change in weather, we see a drastic change in the activity.
Virtual Tour: 2215 W. Elm St. Olathe, KS 66061Phenomenal opportunity! Wonderful floorplan, wonderful subdivision, and wonderful lot. Handsome two-story enjoys a large great room with a wall of windows overlooking fenced backyard and total privacy. Incredible kitchen with huge center island, breakfast bar, full pantry overlooking sun-drenched breakfast room.
Luxurious master suite with enormous bath and walk-in closet. Stamped concrete patio in fenced yard enjoys access to community trail and total privacy. Professionally finished lower level provides enough space for any living arrangement and includes second kitchen. Priced to sell!
Virtual Tour: 6815 W. 132nd Terr Overland Park, KS 66209Phenomenal opportunity!! Pride of homeownership and attention to every detail! Incredible floor-plan with dramatic two-story entry and custom boxed-beam ceilings! Large den with built-ins creates the perfect home office. Great room like no other… Wall of windows, dramatic fireplace, indescribable trim, and enough space for any arrangement... all the while enjoying amazing views of peaceful backyard and golf course. Cheerful breakfast room enjoys tons of sunlight and backyard access. Large kitchen with full pantry, stainless steel appliances, granite countertops, and large island....all overlooking hearth-room with built-ins and charming fireplace.
Phenomenal master suite… Large sitting room with Palladium windows, great views, built-ins, and fireplace. Completely renovated master bath enjoys double vanities, custom tile and designer shower. Enormous bedrooms all enjoy walk-in closets and bath access. One of the best yards money can buy… Total tranquility, stone courtyard, lush landscaping, and golf course views. Amazing subdivision and location!
Virtual Tour: 2427 W 63rd Street Mission Hills, KS 66208Super sharp and ready for you! Phenomenal floor-plan!! The dramatic living room opens to a huge family room with built-ins and a wall of windows overlooking an amazing yard with large deck and spacious stamped concrete patio - so much outdoor living space! The bright and cheerful kitchen enjoys a large island, miles of counters, and breakfast area!
Peaceful master suite with walk-in closet, updated bath with double vanities. Huge second and third bedrooms share an updated Hollywood bath. Guest bedroom with private bath as well! Designer decor and hardwoods throughout! A spotless basement could be finished for more space! Don’t miss attic above the garage for storage or could be finished for additional living space!
Virtual Tour: 204 E 67th St Kansas City, MO 64113Brookside Beauty! Charm abounds with today's updates! Wonderful street appeal with screened porch. Gleaming hardwood floors, large living and dining rooms. Updated kitchen includes granite counters, stainless steel appliances a full pantry!
Incredible master suite with vaulted ceilings, huge walk-in closet, full bath with double vanities and tile shower--don't miss additional space for home office or separate living area! Hard-to-find attached garage! Refinished hardwood floors, new windows and fresh paint inside and out! Incredible location!