I explained to her that a short sale takes place when you really need to sell your home but, because of the downturn in the market, you can’t sell it for what you owe on it much less pay any costs associated with selling. In a short sale, you put the home on the market at the market value and when you receive a contract, the lender accepts the contract as payment for the loan and the costs associated with selling.

My daughter’s instant response was, “Why would a lender do that?!!” I don’t think she could quite see a lender eating the loss because they wanted to help her out and, of course, that is not the reason. I explained that, if the house had to go into foreclosure, it would cost the lender a lot of money and they usually get a property in shabby condition. Short sale is a simple business decision for the lender. It saves the lender money. The nice thing is that it can also save the homeowner a lot of distress, devastating damage to their credit and even the opportunity to own another home in the near future. It can be a win for everybody.

Read the rest at our Wichita short sale agents website.

Spring is in the air and a new contract with China for its fleet brings more good news to Boeing. Boeing also annouced an increase in production of its Dreamliner 787 which was most recently plagued with a fire in a November test flight. Wichita’s Spirit Aerosystems will benefit from this development.

Wichita Real Estate market performance was hampered by the usual cold weather. Now, with spring well under way, we can expect an increase in sales and a slight increase in listing prices as well, although prices are still below the February average. Buyers will be out with the warmer weather and prices will likely trend upward.

As always, you can count on us to find the best Wichita home sales for your needs any time.

You see the listings all the time. Price hovering somewhere around “nearly unbelievable” or even lower. Photos look halfway decent. Obviously the house isn’t lived in. Look at all the snow in the driveway, but hey, maybe it’s OK? Should we have a look? You call a brokerage and get either an over eager or underwhelming response.  Is something wrong? Maybe you have a funny feeling for a reason. Maybe you’re just nervous. How will you know?

Larry Lane has a long-standing history of complete 100% honesty and integrity. Larry will put you first– always ahead of the “deal” no matter what. He has proven this in the past too.  Larry has discovered problems with homes before, in the middle of escrow, and pulled the deal to a halt until the problems were resolved. It was no small matter either. Most likely the whole deal was going to fall through costing Larry not just time but money too.

It didn’t matter. First things first. And, Larry’s client was first, always and period.

So, next time you see a “Wichita homes for sale” listing, describing it as a large and generous– beautiful, wonderful home, and a great deal for you… and that funny feeling starts to creep in. There is a reason for that. You need to go into this kind of decision with a realtor that you can trust 100%– not just because you feel like trusting them, but because they have earned 100% of your confidence and trust by demonstrating that same quality and character all the time with all their clients.

Call Larry Lane today- you’ll find out that he always puts your interests first, and nothing else ever matters more to him. 316-636-2323.

Remeber, Larry Lane Puts Your Interests First!

If you’re looking to sell or buy during this season when prices are good, inventory is still abundant and interest rates are their lowest, call Larry Lane. He will be sure to put your interests first every time.

The tax incentive means a great deal more here in Wichita because our home prices are lower than the national average. Your $8,000 buys a bigger chunk of your home in Wichita.

I’m not a big name and I’m not working dozens of homes at once. I’m going to put your needs first. I’m going to treat your real estate need like my own. Your priority is my priority.

Call me to talk about what you need.

“Larry is excellent to work with! As a single female, I feel like he was always looking out for my best interests. He never pressured me to do anything until I was sure I wanted to sell. I feel like Larry was always honest with me and I could trust his decisions knowing he would always do what was best for me.” – Denise Chapman

Wichita Homes | The Pressure is Off