TOH: Trade School- Exclusive Preview of Mixing The Old and The New!

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TOH: Trade School- Exclusive Preview of Mixing The Old and The New!
General contractor Tom Silva restores the 1720 front door. The 1300-pound marble island top arrives. Plumbing and heating expert Richard Trethewey shows a new zone damper system. Furniture maker Steve Staples makes our custom table top out of reclaimed joists. Mason Mark McCullough installs the brick hearth using reclaimed bricks.
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Source: All About Shawnee

Oktoberfest finds a new home in KC

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Kansas City Bier Co.’s annual KC Oktoberfest party has grown too large to be held at the brewery anymore, so the Waldo-based craft brewer formed a partnership with Crown Center.

KC Bier Co. has been holding an Oktoberfest party ever since it opened the brewery in 2014. In 2017, they teamed up with Grünauer Restaurant in Kansas City, which had been holding an Oktoberfest party in Kansas City’s Freight House District for seven years. The event attracted 10,000 adults over two-and-a-half days.

“It…

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Source: All About Shawnee

With notices going out next week, county appraiser hints at another wave of increased home valuations

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Great news! Your home is probably growing in value as we speak! Bad news… Your property tax are going up. Ahead of the annual issuance of appraisal values to Johnson County homeowners starting next week, county officials are letting people know that they can almost certainly expect to see their home values climb again. With
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Source: All About Shawnee

It's official: GM's KCK plant will produce Cadillac XT4

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General Motors is spending $265 million to prepare the Fairfax Assembly Plant in Kansas City, Kan., to build the all-new Cadillac XT4 crossover sports utility vehicle, The Kansas City Star reports.

On Monday, a GM spokeswoman finally confirmed the long-rumored plan that will result in the retention of about 500 jobs.

During the fourth quarter, GM (NYSE: GM) reported that it had 3,400 full-time-equivalent employees at the plant, ranking No. 2 on the Kansas City Business Journal’s Top Manufacturing…

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Source: All About Shawnee

2 Ways to Get the Most Money from The Sale of Your Home

What’s Your Home Worth?

2 Ways to Get the Most Money from The Sale of Your Home | Simplifying The Market

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

1. Price it a LITTLE LOW 

This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

2 Ways to Get the Most Money from The Sale of Your Home | Simplifying The Market

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

study by Collateral Analytics, reveals that FSBOs don’t actually save any money, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.”

The results of the study showed that the differential in selling prices for FSBOs when compared to MLS sales of similar properties is about 5.5%. Sales in 2017 suggest the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

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Source: KCM