What Does Contingent Mean in Real Estate?

Contingent is used to describe an offer that is dependent on the sale of another property. In other words, the buyer cannot move forward with the purchase until they have sold their current home. This term is often confused with “pending,” but there is a key difference. “Pending” refers to an offer that is currently under contract, while “contingent” describes an offer that is pending approval.

In the world of real estate, there are a lot of terms that can be confusing for newcomers. One such term is “contingent.” This word gets thrown around a lot in the industry, but what does it mean? In this blog post, we will explain what contingent means about real estate and how it differs from other terms like “pending.” Stay tuned for more information!

When you hear the word “contingent,” it might make you think of something that is not certain. In the world of real estate, contingent means that an offer is dependent on another event occurring. For example, a buyer might make a contingent offer on a property. This means that they are willing to purchase the property, but only if their current home sells first. This contingency gives the buyer a bit of protection in case their home does not sell as quickly as they had hoped.

Real Estate Industry Terms

As you can see, there is a big difference between contingent and pending when it comes to real estate. It is important to understand these terms before making an offer on a property. Now that you know the meaning of contingent, stay tuned for more blog posts about other real

If you’re confused about any of the terms in this blog post, be sure to reach out to a real estate professional for clarification. Now that you know what contingent means, stay tuned for more helpful blog posts about real estate! Thanks for reading!

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5 Sales Pitch Samples to Help You Close the Deal

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Crafting a successful sales pitch can be a challenge. It’s hard to know where to start, what to say, and how to convince someone that your house is the best one for them. That’s why it’s important to have a good real estate sales pitch ready to go. In this blog post, we will give you five different real estate sales pitch samples that you can use to help close the deal! A good sales pitch addresses pain points. Please note, it is important to stay away from ‘steering’ when making a sales pitch. Here is a link from the NAR to help explain what that is and why it is important.

1). Sales Pitch about House Location

The first real estate sales pitch sample is all about location. If you’re selling a house that’s in a great location, make sure to mention that in your pitch. Talk about how the house is close to schools, parks, and other amenities that would be important to potential buyers. Here is an example of a sales pitch about location.

“This house has access to some great nearby amenities. It’s in a great location, close to schools and parks.”

2). Sales Pitch about House Condition

The second real estate sales pitch sample is all about the condition of the house. This will help solve a problem people may have about value. If your house is in great condition, be sure to mention that in your pitch. Talk about how the house has been well-maintained and how it’s ready for move-in. Here is an example of a sales pitch about the condition of the house.

“This house is in pristine condition. It’s been well-maintained and is ready for move-in. You won’t have to worry about a thing. This is the perfect house for someone who wants to just move in and start enjoying their new home.”

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3). Sales Pitch about Price

The third real estate sales pitch sample is all about the price. If you’re selling a house that’s priced well, be sure to mention that in your pitch. Potential customers will appreciate you talking about how the house is a great value for the price and how it’s a steal compared to other houses on the market. You opening line should be focused on the benefit to the buyer.

Here is an example of a sales pitch about price.

“This house is a great value for the price. It’s a steal compared to other houses on the market. You won’t find a better deal anywhere else.”

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4). Sales Pitch about House Features

The fourth real estate sales pitch sample is all about the features of the house. If your house has unique features or amenities, be sure to mention that in your pitch. Talk about how the house has a great layout, a pool, or other features that would be appealing to potential buyers.

Here is an example of a sales pitch about the unique features of a house.

“This house has a great layout. The kitchen is perfect for entertaining. The backyard pool is perfect for the summer. You’ll have a tough time finding another house with these features at this price.”

5). Sales Pitch about your Knowledge as a Real Estate Agent

The fifth real estate sales pitch sample is all about you. If you’re an experienced real estate agent, be sure to mention that in your pitch. Talk about how you’re knowledgeable about the market and how you’re ready to help buyers find their perfect home. This knowledge helps build trust with the client.

Here is an example of a sales pitch about knowledgeable you are about the housing market.

“I’m a knowledgeable real estate agent with years of experience. I know the market and I’m ready to help you find your perfect home. I’ll be there every step of the way, from finding the right house to negotiating the best price.”

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Selling a house doesn’t have to be difficult. Some people like elevator pitches, others like different methods. With a great sales pitch, you can convince anyone that your house is the best one on the market! Try using one of these real estate sales pitch samples the next time you’re trying to close a deal. Good luck!

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What Does Pending Mean in Real Estate?

Pending – Pending simply means that an offer has been accepted on a property and the sale is in progress. It’s important to remember that a pending sale is not final until all of the paperwork has been processed and the sale goes through.

There are many real estate industry terms that can be confusing for newcomers to the market. In this blog post, we will define one of the most commonly used terms: “pending.”

Understanding the terminology of real estate is crucial for anyone looking to buy or sell a property

Learning about the real estate industry is an ongoing process. However, if you arm yourself with the right information from the start, you will be in a much better position to navigate the market successfully. You should never stop learning about all the industry terms like ‘pending’ so you know what is going on when people are talking.

Educate yourself on what to expect when buying a property

With the help of a real estate agent, you will be able to guide you through the process and answer any questions you may have about pending sales and other industry terms.

Stay tuned for more posts on common real estate industry terminology. In the meantime, if you want to learn more or have any specific questions, don’t hesitate to reach out to a local real estate agent. They will be more than happy to help you out!

Now that we have answered the question, “what does pending mean in real estate?,” stay tuned for more posts on common real estate industry terminology. In the meantime, if you want to learn more or have any specific questions, don’t hesitate to contact us.

Keep up with popular trends and the latest jargon in the industry

By subscribing to our blog, you will stay up to date with great real estate information. You can also follow us on Twitter and Facebook for more helpful tips!

And don’t forget, if you are looking to buy a property or sell a property , always consult with a local real estate agent. They will be able to help you navigate the market and answer any questions you may have about pending sales and other industry

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How to Sell My Home Without an Agent

Are you considering selling your home on your own? It can be a daunting task, but it can be done! In this blog post, we will give you a few tips on how to sell your home without a real estate agent. Keep in mind that there are many ways to go about doing this – you don’t have to follow our advice exactly. We just want to give you a few general pointers to help get you started. So, let’s get started!

First, you’ll need to decide if selling your home on your own is the right option for you.

There are a few things to consider:

Are you comfortable handling all of the paperwork and negotiations yourself?
Can you afford to hire a lawyer to help with the sale? (You may want to consult with one even if you’re not selling on your own, to make sure you’re getting the best deal possible)
Can you afford to pay for advertising and other marketing materials?
Are you comfortable being responsible for finding a buyer yourself?

If you answered “no” to any of these questions, then it may be wiser to go with a real estate agent. However, if you’re comfortable taking on these responsibilities, then selling your home without a real estate agent may be the right choice for you.

Here are a few tips to help you get started:

Step 1) Make sure your home is in tip-top shape before putting it on the market. This means repairing any damage, fixing any broken appliances or fixtures, and cleaning upholstery and carpets. You may also want to consider staging your home – this means arranging your furniture in a way that makes it look more appealing to buyers.

Step 2) – You’ll need to create some marketing materials. This includes a for-sale sign, flyers, an online listing (if you’re selling online), and anything else you can think of to help market your home.

Step 3) – Start spreading the word that your home is for sale! You can do this by passing out flyers in your neighborhood, telling friends and family, and posting about it on social media.

Step 4) Once you start receiving interest from potential buyers, it’s time to start negotiating. This is where things can get tricky – you’ll need to be firm but fair in your negotiations. If you’re not sure how to do this, you may want to consider hiring a lawyer or real estate agent to help with this step.

Step5) Once you’ve reached an agreement with the buyer, it’s time to sign the paperwork and finalize the sale! Congratulations – you’ve successfully sold your home without a real estate agent.

We hope this blog post has helped give you some insight into how to sell my home without a real estate agent. Remember, there are many different ways to go about doing this – so take your time, do your research, and choose the option that’s best for you. Good luck!

If you need some help, contact us today!

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Lenexa KS March 2022

The Lenexa, Kansas housing market is red-hot

Buying or Selling a house in Lenexa Kansas? The market is red-hot. The last 15 days have seen 25 sales (closed) in this city and compare to 47 homes currently for sale – there’s just 0.9 months worth of inventory! That means deep demand from buyers coupled with low supply makes it a sellers’ paradise right now… but don’t worry because we’ve got your back if you’re thinking about making an offer on one these luxe listings near $450 average price point or higher
A quick look at recent activity reveals that most new listings came up within reaches ($ 450-$ 550).

Deep demand from buyers + low supply = sellers’ paradise

With the market in Lenexa Kansas being competitive, it’s important to know how your home will be perceived by potential buyers. Take these recent statistics for example: 25 out of 33 homes that recently went under contract did so within 31 days while only 5 were on average still available before their next listing date! This information may help you make an informed decision about what type or location would suit best with meet individual needs as well any financial goals they have set forth towards achieving homeownership sooner rather than later

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KC Housing Market January 2021

The Kansas City Real Estate Market

When you work in real estate like I do people often ask, “how’s the market”? Well, there are a lot of ways to answer that question. In the broadest sense the US national housing market is quite good. And, not just, pretty-good-for-a-pandemic good, but, actually good. To over-simplify what is going on, basically a low supply is balancing out the market right now. This is true nation-wide and true in the market I work in, the Kansas City metropolitan area.

As I am writing this the first week of January 2021, inventory for homes in Kansas City is very low and houses are selling fast. Even though this is typically a seasonally slow part of the year, the Kansas City market is one that is affected by weather, houses are not staying on the Kansas City area market long.

Right now there are just under 3,100 active listings in the Kansas City housing market area covered by the Kansas City Regional Association of REALTORs. It is far more typical for that number to be over 5,000. In the popular sale price of $200,000 to $400,000 range there are just over 950 homes for sale. That’s not many for a metro area with a population of around 2.1 million. And, not to get too in to the weeds with what our regional association covers, but it is a geographical area larger than what the Census considers our metro area, so, those homes are spread even more thinly than the Census population would imply.

So, Is It A Good Time To Sell My Home?

Well, without knowing what type of home you have, what part of the metro area you are in and what your price point will be, the answer is probably yes. If your home is priced right, it is highly likely it will sell in the first 21 days it is on the market. Let’s take one segment of the neighborhoods in Kansas City metro area as an example, Johnson County. Currently there are just 90 single family homes for sale in the $200 – 400K housing prices range in Johnson County. In October of 2020 the sales of 591 single family homes closed in the $200 – 400K price point. In November it was 498. In December it was 483, and for December 12 of those closings were on the last day of the year. I don’t have enough space here to break down every part of the metro area, but the trends are similar everywhere. If you have questions about your area feel free to contact me for a market analysis for the area around your home. Unless your home is in a really inconvenient location (i.e. “hey I can see the highway from my front door, but I live 10 miles from the nearest on-ramp”), needs a major repair (i.e. it was struck by a tornado, while it was on fire, then a band of local ne’er-do-wells kicked the rubble) or has an inherent design flaw (i.e. the kitchen is on the third floor, and there is a bathroom smack in the middle of it) you can probably sell it. Home buyers will have their own opinion.

Well Then, It Is Probably A Bad Time to Buy Then, Isn’t It?

Well, that depends. If you have a life circumstance that requires you to move, say, you currently live in a one bedroom apartment, you and your spouse are expecting twins and you don’t want to rent again, then it is the right time to buy, for you. You can drive yourself crazy trying to time the market, the truth is no one knows when prices are at their lowest in the moment, it is only when we can look back can we see where the trough was. Prices are higher than they have been in the last 10 years, but, they could go higher still. Vaccines for COVID were just released, soon we will be on the down slope of a pandemic, it is hard to imagine the economy, and with it the housing market, not ascending as the pandemic subsides. So, if you want to buy a home, and you see one out there that you really, really like, and you’re qualified to buy it, then, this is a good time for you to buy a home. I would caution anyone who does not intend in staying in their home a long time to hold off until they know they are not going to have to move for at least 3 years though, even better if it is 5 or more years.

What About Real Estate Investors and Buying An Investment Property?

In this market, it is a lot like buying a home for yourself that you are going to live in, it might not be a bad time to buy a long-term real estate investment. Interest rates are low, so your debt service won’t eat into your cash flow. You maybe able to leverage equity you have gained in the ascending housing market in your own home to buy an investment property. If you are looking at multi-family properties,

there are projections that those could see market price drops around mid-year. But, this all depends on the property itself. Details on making investment properties work for you is a subject for another post, but without knowing what specific property you are asking about, in general terms, yes, there are real estate investment opportunities out there. Though, again, in general terms, there maybe one area where real estate investing could be more difficult than in the past, and that is house flipping. Make no mistake, there are always houses to be improved and sold for a profit, but, homes that need repairs (the ones historically best suited for flipping) aren’t discounted as much as they were in the past, inventory is low, so there isn’t as much competition from homes in better condition. Homes to be flipped are out there, but they are harder to find.

The real estate market is a big thing, if I were to classify it as either good or bad, I’d say it is good. However, for you specifically, it depends on what you want, what you need and where you are in life. This is where a consultation with a real estate agent can help a lot, if you want to see if now is the right time for you to buy, sell or invest give me a call.

Happy house hunting, we’ll see you next time.