The entire foundation of our residential real estate industry is the American Dream of owning your own home. However, current market trends have led us to see a sharp rise in another facet of the industry: the ‘strictly business’ opportunity created by the rise of Kansas City foreclosure listings. Whether you’re a first time buyer or seasoned investor, you’ve likely figured out that housing market conditions demand a serious look at usual bargains in all price ranges.

As of January there are more than one million licensed Realtors in the United States, so you wouldn’t expect it to be very hard to find Kansas City Realtor. That is, unless you’re picky about finding the one most capable of helping you make the best deal when it comes to selling your home.

Enough already! Economy this! Housing market that! It feels as if we have been bombarded with mostly negative news forever. Every month Gardner, Olathe & Spring Hill would-be home sellers and prospective buyers hope for signs that the economy has turned around, and December was no exception. But despite the relatively good news that unemployment numbers continue to show promise, the question remains: just how will we know when the Kansas City real estate market begins its upswing in earnest?

Sometimes the initials in an acronym are helpful, but ‘REO’ (short for Real Estate Owned) isn’t one of them. After all, isn’t all real estate owned by somebody? What the headline writers are talking about is a property, usually a repossessed home, owned by a lender. That’s usually a bank, government agency, or government loan guarantor, which typically comes into possession after a failed sale at a foreclosure auction.