Category Archives for "Shawnee"
Whether you are a first time buyer, or you’ve been an owner many times, if you are new to the real estate market in Shawnee KS, you may be wondering what are the closing costs of the home you’ve been considering to buy. Closing costs vary depending upon the states, counties, districts, towns and even subdivisions.
The average range in Kansas for closing costs are $1,800 for every $200,000 home. This state’s closing costs are on the low end of the national average, even lower than its neighboring state, which is an advantage for you – the buyer.
Here are some things included in the closing costs of a home for sale in Shawnee.
Application fee. This is what lenders refer to as the “lender’s processing fee”. The average cost is under $300, but there are also some that charge up to $500.
Appraisal fee. Lenders hire an independent appraiser to assess the correct market value of the home, to verify it is worth the price you’ve offered for it.
Commitment fee. This is what lenders charge you to compensate for the lender’s commitment to lend money.
Credit report. This is for your credit report which reflects your credit history. The lender uses the information from the credit report to decide whether your loan will be approved or not, and how much you can borrow.
Document preparation fee. This is the fee charged for the preparation of the legal papers, like the mortgage, the deed of trust, the note or the deed.
Flood certification. This is paid to a third party who determines if the property you are purchasing is in a flood free zone. If it happens to be in a flood zone, you’ll have to buy flood insurance, which is an additional fee.
Home inspection fee. This is another requirement by the lender, to make sure that the structure of your property is safe. If your lender requires a termite inspection, you’ll have to get a separate inspection or ask the professional inspector to do it for an additional cost.
Lender’s title insurance. This is what you’ll pay for the lender’s policy, to protect the property which is a lender’s investment.
Origination fee. This fee is what lenders charge as payment of their time and effort in funding your real estate purchase. You’ll see this in percentage form and is usually at least one percent of the total loan amount.
Property tax. This fee is prorated between you and the seller. You will pay the tax from the day you bought the home to the end of the year.
Real Estate Commission. This is what you’ll be paying your real estate broker as fee for his or her effort in the real estate transaction. This is in percentage form and is dependent on the selling price of the home.
Survey fee. This accounts for a large chunk of the closing cost. You have to pay a licensed professional who’ll determine the land boundaries of your property. In some cases, this is a requirement by the lender. There are also cases when the buyer will want it for assurance and peace of mind.
Transfer tax. This is the fee made to the locality where the property is being transferred from the seller to you.
Title search. This is in payment for the public records of the property you are buying.
Underwriting fee. This is paid to the lender for the cost of the research on whether to approve your loan or not.
One of the benefits of buying a home for sale in Shawnee KS is that the closing costs in this area area much more affordable. To better prepare you for it, request the Loan Estimate from your mortgage officer. A few days before the closing, you will receive an ALTA, the closing cost statement from your lender, which you and your REALTOR® will then review together to make sure you know where your money will go.
You can also negotiate closing costs with the seller. Instead of getting a price reduction, which will amount to a few dollars more in a monthly payment, ask for the seller to pay some of the closing costs for the home.
For more home buying tips and information, visit http://ShawneeRealEstateConnection.com/.
Planning to buy a home in Shawnee? Call me, Lea Deo, at 913-233-9547. Allow my extensive experience as a REALTOR® help you find the home of your dreams.
In case you can not view this video here, please click the link below to view What Are the Closing Costs of Buying a Home in Shawnee KS on my YouTube channel: https://www.youtube.com/watch?time_continue=10&v=Zrmr5DfNpUk
Home is where the heart is so it’s no wonder that when you need to sell your valued property, it’s frequently loaded with a lot of emotional experience. Your decisions may be clouded because of sentimental value.
Selling a property is hard work which is why choosing the right real estate agent who will help you make important decisions is critical and can make a big difference.
If it’s your first time selling a property, you may wonder where to start finding a great agent. Here are some tips on how to spot the best and top real estate agent in Shawnee, KS.
Not all real estate agents are REALTORSⓇ. Both mean they are licensed to sell properties but a REALTORⓇ, since a member of the National Association of REALTORSⓇ or NAR, subscribes to the 17 Articles in the Code of Ethics. It’s a set of standards and commitments that a member must strictly follow.
Keep in mind though that all real estate agents follow certain standards as a practical matter.
Lea Deo, one of the top real estate agents and a REALTORⓇ in Shawnee, KS, has fifteen years of experience and is setting the bar when it comes to committedly helping first-time home sellers, first-time buyers, new construction, relocating and downsizing. Whether it’s selling condos or townhomes, Lea Deo is your go-to person in Shawnee.
She’s an SFR certified and serves in the Agent Leadership Council. She’s also the tech chairman in Shawnee and also the president of Heartland Partners in Caring. This is a charity which focuses on meeting financial needs as a result of an unexpected event.
This only means that Lea Deo works with the intention to look at what a client truly needs and will benefit the most from.
Always visit her page at Shawnee Real Estate Connection to know more about Lea Deo!
• Your state holds a list of licensed and disciplined real estate agents so you may want to check out the state regulatory board.
• Once you’ve picked an agent, ask for a list of recent clients. Find out if the previous properties were similar to yours in price, location, and other relevant features. Filter your searches until you find a specific client with similar house info. Ask how long the homes were on the market.
• Ask for credentials. Find out what trainings and accreditation they have undergone and earned so far. CRS means Certified Residential Specialist for handling the residential real estate. SRES means Senior Real Estate Specialist, a training for helping sellers and buyers in the 50+ age range. SFR is for Short Sales and Foreclosure Resource, a certification given by NAR to help buyers and sellers of distressed properties. These are some of the things you should see on their credentials.
• Look for an agent who’s been licensed for more than five years. A state licensing authority will be able to help you with this information.
• Most buyers start their journey of searching on the internet so look for an agent who uses that effectively. Check out the agent’s current listings or ask for their website. You can also check credible websites such as realtor.com. Does the real estate agent have a good presence there?
It’s worth your time to find a real estate agent and a REALTORⓇ who’s on top of the market. Lea Deo is the first name that comes up when we talk about personality, experience and skill level that fits your needs and will get you excited to be on this journey of selling or buying your home.
Call 913-233-9547 to get a chance to know more about your partner that will help turn your dreams into reality!
In case you cannot view this video here, please click the link below to view Top Real Estate Agent in Shawnee KS on my YouTube channel: https://www.youtube.com/watch?v=m7UOvV0L1Ag&feature=youtu.be
Charming three bedroom, two bath home for sale in Kansas City, KS. This lovely home built in 1941, is waiting for the right buyer.
The sellers have enjoyed living in their nearly 1,700 square foot home. If you are looking for character in a home, this is it. The beautiful wood floors and carved mantle fireplace greet you in the living room. The owners have an office alcove off the living room. The kitchen/great room is huge and a great gathering space. It features another fireplace and opens to the deck. The master bedroom is large and has new carpet and its own master bath featuring double vanities. Secondary bedrooms have wood floors and are large. The master is separated from the secondary bedrooms for privacy. In addition, there is a full basement for plenty of storage, a two car garage and long driveway. There’s lots of living space in this home.
It’s priced at only $99,000. Call for a private showings. 913-233-9547.
Shawnee is one of the suburbs on the Kansas side that is still seeing new construction. Expansion to the west started happening in the late 1990’s and early 2000’s. Although new home construction slowed recently due to the economy, we are seeing building permits going up and new roof tops being built. New homes in Shawnee afford the best for living–all new modern homes in communities with a smaller town feel. Building a new home in Shawnee is a great choice. If you don’t want to make all the decisions yourself, the new home communities in Shawnee offer models and spec homes that are ready for you.
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To find out specifically which schools serve any given address, use the Johnson County School Locator link here. This will assure that you have up to date information as school boundaries can change. Sometimes due to enrollment numbers, the intuitive answer isn’t always the correct answer.
Shawnee is fortunate in that Shawnee Public Schools including both school districts are highly rated. You can learn more about Shawnee Mission School District here. More information on DeSoto School District is available here.
SEARCH FOR SHAWNEE HOMES FOR SALE BY SHAWNEE PUBLIC SCHOOL DISTRICT