WIlliam Cook l Real Estate

05/29/2024

Congrats on closing on your new home!! These buyers won in a multiple offer situation with a few creative terms that made their offer even more attractive to the seller!

04/11/2023

‼️UNDER CONTRACT‼️

We were able to help this buyer find not only a home but a home with an acre at no extra cost!!

How did we make this happen?

Strong Terms.
Local Lender.
Local Underwriter
Great agent-to-agent communication.

04/11/2023

Jackson County Market Update: March

Inventory has increased to 1.3 months supply, a 30% increase since last year.

the average sales price has declined to 276,218, a 3.8% decline since this time last year.

If you'd like to know how this could affect you as a seller, or as a buyer please reach out to me directly

04/11/2023

Johnson County Market Update: March

Inventory has increased to 1.4 months supply, a 40% increase since last year.

the average sales price has increased to 496,911, a 3.8% increase since this time last year.

If you'd like to know how this could affect you as a seller, or as a buyer please reach out to me directly

03/31/2023

‼️UNDER CONTRACT‼️

How much money do you think you have to have upfront in order to purchase a home? 

This buyer was able to get a USDA loan, which is 100% financed. We were the able to also get the seller to cover closing costs.  we are finding with most buyers there’s a misconception that you have to have 20% of the purchase price in order to purchase the home. Times have changed there’s other ways to buy homes these days with new loan products available

MLS ID 2425657 - 355 3rd Terrace Wellsville, KS 66092 Listed For Sale for $249,000

03/27/2023

Visit william Cook's profile on Zillow to find ratings and reviews. Find great Leawood, KS real estate professionals on Zillow like william Cook of Van Noy Real Estate

03/21/2023

Homeownership has long been considered a cornerstone of the American Dream. Owning a home is often seen as a sign of financial stability and success, but how does it actually compare to renting in terms of building net worth?

First, let's define net worth. Net worth is the difference between your assets (things you own) and your liabilities (debts you owe). In other words, it's the value of everything you own minus what you owe.

Now, let's consider the financial benefits of homeownership versus renting. One of the biggest advantages of owning a home is the opportunity to build equity. Equity is the difference between the current market value of your home and the amount of your outstanding mortgage. As you pay down your mortgage, your equity grows.

For example, if you purchased a home for $300,000 with a 20% down payment ($60,000) and took out a $240,000 mortgage, your equity in the home would be $60,000. Over time, as you pay down your mortgage and your home increases in value, your equity will continue to grow.

On the other hand, when you rent, you are essentially paying someone else's mortgage and building their equity, rather than your own. While rent payments can be less than mortgage payments, renters do not have the opportunity to build equity through their monthly payments.

In addition to building equity, homeownership can also provide tax benefits. Homeowners are able to deduct mortgage interest and property taxes from their federal income taxes, reducing their overall tax liability. This can be a significant savings for homeowners, particularly those in higher tax brackets.

Of course, homeownership also comes with additional expenses beyond the monthly mortgage payment. Homeowners are responsible for property taxes, insurance, and maintenance costs. These expenses can add up quickly and should be factored into the overall cost of owning a home.

So, how does all of this impact net worth? According to a recent study by the Federal Reserve, the median net worth of homeowners in the United States is $255,000, while the median net worth of renters is just $6,300. This is a significant difference and highlights the impact that homeownership can have on building wealth over time.

Of course, individual circumstances can vary, and there are many factors to consider when deciding whether to rent or buy. However, if building net worth is a priority, homeownership is often a wise choice.

In conclusion, homeownership can provide significant financial benefits, particularly when it comes to building net worth. By building equity through monthly mortgage payments and taking advantage of tax deductions, homeowners are able to build wealth over time. While homeownership does come with additional expenses, the long-term financial benefits can be significant.

03/21/2023

‼️JUST SOLD‼️

Did you know the average homeowner's net worth is 44 times greater than that of a renter?

The new owner of this home was a first-time buyer, who decided to stop renting and is now on a different path.

03/16/2023

https://www.kchomelistings.com/property-search/detail/109/2423225/24-v-lake-shore-dr-lake-lotawana-mo-64086/

‼️JUST LISTED‼️
‼️OPEN HOUSE 3/18‼️

MLS ID 2423225 - 24 V Lake Shore Dr Lake Lotawana, MO 64086 Listed For Sale for $770,000

03/14/2023

‼️UNDER CONTRACT‼️

MLS ID 2421438 - 2109 SW Brookshire Dr Blue Springs, MO 64015 Listed For Sale for $350,000