According to the Z word, prices have decreased in 64093 by 0.2% over the past 12 months and the typical “Zestimate” for 64093 is $196,057. That information is misleading. Don’t fall for algorithms trying to substitute guesstimates for real market stats, eyes-on analysis, and professional judgment.
These are the facts about Johnson County, MO TODAY:
1. Inventory is extremely limited right now.
2. Prices are up, not down, year over year, and significantly.
3. Desirable homes that are priced correctly are receiving multiple competing offers within 2-3 days after listing.
4. It does little good to get a huge offer over asking price on your property if it will not appraise. Under-appraisal typically results in having to renegotiate the deal. The parties’ expectations may be shattered, and emotions will come into play.
5. Market conditions change, sometimes rapidly. What was right 60 days ago might be bad information now.
Buyers and Sellers need quality representation now more than ever. Guesstimates aren’t good enough.
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