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Time to Downsize?

When your current home holds you back.

Maybe the children that grew up in your home have now moved into their own homes. Or perhaps the belongings that took you a lifetime to accumulate are now looking more like worthless clutter than valuable treasures. Or maybe you’re just tired of the amount of yard work and weekly cleaning that comes with having a big lawn and excess living space.

If any of the above is a bit truer than you’d like to admit, maybe it’s time to discover a new lifestyle that allows you to abandon the clutter, ditch the lawnmower and say goodbye to excess square footage. Is locking the door and vacationing for weeks without a care (or a house-sitter) part of the master plan? Then maybe the dream home of two decades ago has become today’s ball and chain.

If you’ve been imagining what it would be like to live in a City Market loft, or moving on up to a Power & Light high-rise with a view – or maybe a Country Club Plaza condo where all of your favorite restaurants and shopping are just outside the front door, it might be time for a change. Maybe it’s time to enjoy a much simpler lifestyle. If the idea of someone else parking your car, (or getting rid of your car altogether and commuting by streetcar!), and having access to amenities like swimming pools , club rooms and other social rooms (without having to maintain them when you aren’t using them) is more attractive than ever before – it may be time to downsize!

The good news is, there’s never been a better time to sell your Brookside area home than right now! And no one knows Brookside like the Realtors at Brookside Real Estate. We know neighborhood home values and have buyers contacting us most every day in search of homes of all sizes and in most any condition in the Brookside area. The dream of trading excess square footage and house keys in return for more time to enjoy life may be closer than you think!

For a no obligation price opinion on your current home, to look at one of our condo listings, or if you’re considering selling your home in the next few months, contact a neighborhood expert: One of the real estate pros at Brookside Real Estate Company. Call today at (816) 333-3330. Or, stop by our offices in the heart of the Brookside at 9 W. 63rd Street.

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Buying in to Selling Your Home: Kansas City’s Growth Benefiting Sellers in 2020

The housing market in Kansas City has seen its fair share of growth over the last few years. High demand and low inventory drive up both prices and speed of home sales in Kansas City. A recent analysis by the Federal Housing Finance Agency found that Kansas City metro prices are growing faster than rates in most U.S. cities, including major cities like Denver, Nashville and Austin.

New home construction is expected to stall next year, according to a 2020 real estate forecast from Wichita State University. With more potential buyers turning to existing homes, there is more opportunity for sellers thinking about selling their homes. Most experts locally and nationally predict more of the same growth for the Kansas City housing market in 2020. Stanley Longhofer, a professor and director of Wichita State’s Center for Real Estate, predicts that home prices in the Kansas City area will rise by nearly 5% next year. Longhofer said strong economic indicators, like low unemployment rates and growth in jobs, contribute to the growth of the housing market in Kansas City.

Here are the reasons why 2020 might be the year to sell your home:

The only real obstacle for homebuyers is supply: Low inventory has kept the number of homes sold in recent years nearly flat. Says Longhofer “there just are not enough homes available for sale in the neighborhoods and the price ranges that are the most popular people want to buy.” Longhofer said sellers of homes that cost less than $350,000 frequently put their home on the market on a Friday, and essentially have their pick of offers by the end of the weekend. This is an obvious advantage for sellers and chances are, you will get the full asking price. This stagnant amount of inventory often drives up the cost above asking price.

Overall buyer demand will remain very robust, particularly at the entry level, in 2020. According to a new report, millennials will increase their presence as homeowners and will account for more than 50% of all mortgages by the spring. A large portion of millennials will turn 30 next year, a time when many buy their first home. Millennials are anticipated to drive the U.S. housing market forward in 2020 more than ever, with large cohorts expected to either purchase their first home or decamp from city to suburb and trade up, according to an economic forecast published by on Wednesday.

The current inventory shortage is predicted to continue, possibly reaching a historic low. On the bright side, the report also predicts mortgage rates will stay reasonable, averaging 3.83% throughout the year. The average 30-year fixed mortgage rate started 2019 at 4.68 percent and steadily declined before closing out the year at 3.93 percent. In 2020, rates are expected to remain mostly stable, not straying too much higher or lower from the 4 percent mark. According to a recent article by Bankrate, there is no immediate cause for concern for rising interest rates “We have been in a low interest rate environment for quite some time, and the current signaling from the Fed is that rates will continue to remain low,” says Alexander Akel, president of Akel Homes in South Florida. “Even if they tick up north of 4 percent, they will remain extremely attractive when compared to historical rates.”

Looking to sell your home in 2020? The experts at Brookside Real Estate are here to help! Give us a call at (816) 333-3330 or stop by our storefront office at 9 W 63RD ST – When the flag is up, we’re open!