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Absolute Auction April 21st 6:00 PM

(Published on - 3/22/2016 4:42:59 PM)

                                  Absolute Auction No Reserve,  

                                            April 21st 6:00 PM

                                   2921 E Aloma, Wichita, Kansas.

This is a great 3 Bedroom 11/2 Bath ranch home with a full unfinished basement. It is a remodel project that needs to be finished. The previous owner was replaced the roof in the past 6-8 years. The windows have beem replaced , the home is replumbed, electrical is updated and the kitchen has been remodled. 

This is your best chance at a spacious solid full brick ranch home on a tree lined street. Absolute Auction No Reserve.  Call Mark Sudduth Broker / Auctioneer 316-734-4175 or Terry Alley Realtor 316-651-6781 for information and terms.


10 Interior Design Trend's that are a turn off.

(Published on - 3/18/2016 7:26:49 PM)

You want your home to look its best, and maybe you’ve been inspired by the interior design trends you’ve seen in magazines, on TV or on design websites.

But following some of the hottest home remodeling and interior design trends can backfire when it comes time to sell your home.

Buyers want to picture themselves in a home, and highly individualistic touches can get in the way of that.

When you’re ready to sell your home, it’s best to put things in pristine, move-in condition and remove all of the individual touches that made your house a home.

After all, your goal is to get potential buyers to picture themselves in the home—and they won’t be able to do that if your decorating style still dominates.

Check out the caveats that go along with these home interior design trends.

1. Boldly Painted Walls

Decorators often tout black or another bold paint color as the perfect backdrop to metallic accessories or appliances in modern home design.

The reality is that people prefer the exterior and interior walls of a home to be neutral. Even though repainting is cheap and relatively easy to do, it’s still a pain and buyers might not want to bother.

When decorating, your best bet is to stick to an appeasing hue for the walls and use accessories to provide pops of color.

2. Wallpaper

Bold, graphic patterns increasingly are being incorporated into interior design, often in the form of wallpaper.

But wallpaper—even if it’s only on one wall—is an extremely personal choice and time-consuming to remove if it doesn’t appeal to the buyer

Consider replacing wallpaper with a neutral paint for broader appeal.

3. Lavish Light Fixtures

 

While potential buyers want rooms that seem airy and bright, beware of installing a showpiece light fixture that is too modern or ornate.

Fixtures should enhance your home—not steal the spotlight.

4. Gleaming Gold

Designers may be mixing silver and gold to give homes star quality, but it might be wise to change out fixtures if they have the wrong metallic sheen.

Gold can give a home an outdated, ’80s feel. Switching out the faucet and door handles with a more appealing finish—such as brushed nickel—is relatively inexpensive and can help make your home appear sleek rather than out of style.

5. Converted Garages

 

People want a covered parking space so that they have a safe place for their car—especially in areas where street parking is at a premium. Additionally, people often use their garage as storage space.

If you convert your garage into a space tailored your specific needs, such as a music practice room, it may not suit your potential buyers.

6. Converted Bedrooms

Like with the garage, people want rooms built for their original purpose.

If you’ve converted an unused bedroom to an office, walk-in closet, or a game room, make sure you can easily convert it back to a bedroom when you’re ready to sell.

7. Carpets

While designers love to play with the texture of shag carpeting as it feels soft underfoot, the majority of home buyers prefer hardwood floors.

People assume carpets trap dirt, germs and odors, and they don’t want to go through the hassle of steam cleaning their home before they can move in. Potential buyers also don’t want to spend time removing carpet to expose hardwood floors.

If someone really loves carpet, it’s much easier for them to add it themselves—after the purchase.

8. Too-Lush Landscaping

The “outdoor living room” is all the rage, and you may be tempted to build out your backyard into a lavish wilderness of flowers.

But potential buyers may be hesitant to buy a home with an overly landscaped property requiring a lot of maintenance.

Focus on creating or maintaining a nice and neat outdoor space that people can enjoy without too much fuss.

9. Pools and Hot Tubs

A pool may seem like a luxurious feature, but it can be a big turnoff for buyers.

Pools are perceived to be expensive to maintain and potential safety hazards, especially for families with children. Above-ground pools are eyesores and can leave a dead spot in the backyard.

These sentiments extend to hot tubs, too. Many people see hot tubs as breeding grounds for bacteria, and they are not a feature easily removed from the deck or back yard.

10. Fancy (or Not) Pet Products

Sales of pet products are expected to increase nearly $3 billion from last year, and there’s an increasing market for luxury pet items.

But even animal lovers don’t want to see another family’s pet paraphernalia in a potential home. Even if your home is immaculate, the presence of pet-related items will give the impression that it’s dirty.

Be sure to remove all traces of your pet—including toys, food dishes and photos—before listing your home for sale.


7166 SW Northridge, The Lakes at Northridge, Augusta Ks

(Published on - 2/25/2016 9:32:36 PM)

This beautiful country development is located just out side of Augusta Kansas, just 20 minutes from Wichita and 10 minutes from Eldorado. The Lakes at Northridge includes one acre lots, lake lots, walking paths, paved roads and full utilities. Ther is no better place to invest in a new home for quiet country living.


Kansas Land Prices. Auction is a pure indicator.

(Published on - 12/17/2015 10:56:12 PM)

The age old question is, are agriculture land prices going up or down. The talk over breakfast down at the cafe is how much higher can the prices go? You cannot pay these prices for Ag land it won't pay for its self. Then there is always the pessimist that says the bottom will drop out and everyone will go broke.

The truth of the matter is that they were saying this 100 years ago using the same logic or lack thereof. Land is a hard asset just like gold or silver. Land is market driven just like any market but it also has a golden lining none of the other assets have. Land although it has fluctuated over the years has historically gained in value year after year providing a built in dividend of sorts. It also has a more redeeming quality, it sustains life. Agriculture land is the only asset I know that provides sustenance for its owner without risk to equity. If you have gold you can buy food but the man with the land still has his land and he now has your gold. Land also provides access to permanent shelter. The land owner will also have a stable location to sustain a permanent home. In an ever growing world with an ever growing population the need for food, water and shelter will become an ever growing concern and this is a guarantee.

Every time I sell a farm I will inevitably hear someone years later lament the fact they could have bought the land for a price and look where the value is today. So I ask you? How much is too much for an asset that provides a stable income and dividend year after year historically gaining in value? How much is too much for a hard asset that will feed clothe and protect you? The answer is this, buy only what you can afford but every investor should have agriculture land in their portfolio. The risk is limited immeasurably compared to any other investment available.

In my opinion land prices can best be judged by watching land auctions. Like market commodities, cattle, grain, art work, etc the value advertised is the selling price at the auction. When buying or selling land you can be assured that your market at auction is a fair representation.

Mark Sudduth Realtor - Auctioneer                                                                                                                                                                       

 

 


Real Estate Auctions

(Published on - 12/17/2015 10:53:14 PM)

Q. What is a Real Estate Auction?

A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property—most certainly including those that are nondistressed—through open cry, competitive bidding.

Q. How will auction benefit me?

A.

BENEFITS TO THE SELLER:

  • Buyers come prepared to buy
  • Quick disposal reduces long-term carrying costs, including taxes & maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers—auction price can exceed the price of a negotiated sale
  • Requires potential buyers to pre-qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showings
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility

BENEFITS TO THE BUYER:

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • In multi-property auctions the buyer sees many offerings in the same place at the same time
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet

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