Friends of the Gamble Group,
A past client of mine reached out to me a few weeks ago on Linkedin. He said that he had found a home that he really liked. He asked me if I could sell his home "quickly"..... You see, he and his family got mesmerized by a Model Home in a community not to far from his home. SLOW DOWN COWBOY!!!
I called him to make an appointment to see his current residence. He had purchased it several years ago in a new homes subdivision, and I wasn't involved in the sale. It's a lovely home in south Johnson County. The problem is that the market has softened since his purchase, and it's likely the home won't sell for what they purchased it for.
Many homeowners face this similar situation. They want to move, but the market has absorbed some portion (sometimes all) of their equity.
In a market that's unstable, you make or lose money on the buy.... not the sell. I repeat.... "YOU MAKE OR LOSE MONEY WHEN YOU PURCHASE YOUR HOME" When you go to sell your home, the market will dictate your value. When you buy.... YOU decide what you will pay.
Back to my friend.... The good news is that he has equity in his home and can "afford" to sell his home at current market values. AND, he can make up any losses on the next buy. The only real bad news is that it's October, and the market will start to slow down to a drip within the next 30 days. Should we list home now or should we wait? Stay tuned......
If you are buying or selling and you want "straight talk" that's in your best interest, give me a call.
Jim Gamble, CRS
816-589-6960
jimsellskc@reeceandnichols.com
jimsellskc.com
