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State of the

Monthly Real Estate Market Updates Pgs. 8-9

Magazine

SEPTEMBER 2010

POWERED BY MIKE GRBIC TEAM REALTORS


Pretty Prairie

Oxford

350 N Valley Rd $795,000 MLS# 261155 3 Bed 3.5 Bath 3 Car-Garage SQFT 4,498 31 Acres

5919 W Pleasant Valley Rd $625,000 MLS# 306255 6 Bed 4.5 Bath 2 Car-Garage SQFT 6,738 80 Acres

This amazing home includes vaulted ceilings, floor to ceiling windows, stone surrounded fireplace, hardwood floors, and stainless steel appliances. Master suite has bay windows and a double Jacuzzi tub. Full finished walk out basement with fully functioning kitchen. A large raised deck and covered back patio looks out over the pond. The detached three car garage can also function as a guest house that includes it’s own small, raised deck.

24 Hr. Rec. Info. Call 1-866-472-6673 ext. 102

24 Hr. Rec. Info. Call 1-866-472-6673 ext. 180

400K - 1M

This beautiful home has an open floor plan and a finished walk out basement with family room office, safe room, wine cellar, mechanical workshop, and hobby room. The gourmet kitchen includes tile floor, granite counter tops, walk-in pantry, and double ovens. Outside are two ponds, a 40x60 workshop, and a 10 zone sprinkler system. This house could be purchased with 140 acres for $975,000.

Northeast Wichita

Goddard

2531 S Le o Cir $499,900 MLS# 300824 6 Bed 4 Bath 4 Car-Garage SQFT 4,629 4.53 Acres

607 N 18th Fairway $399,900 MLS# 308642 5 Bed 3.5 Bath 3 Car-Garage SQFT 3,600 City Lot

This custom built home includes hardwood floors, a beautiful, stone-encased fireplace, a loft library/office, a grand staircase with intricately detailed wrought iron spindles, and an absolutely stunning wet bar, which includes granite counter tops. Outside are beautiful views of the pond, perfect landscaping, and a wrap around deck. One of the garages has an upper level that can be finished for additional living space.

This is a custom built home in the popular Terradyne addition. Some features include a tile roof, open/split floor plan, vaulted ceilings, intercom and security system. In the kitchen you will find an eating bar, tile back splash and stainless steel appliances. The master bath has dual sinks and a separate tub and shower. The walk-out basement has a game room, family room with custom wet bar, and a theater room with fireplace for entertainment at it’s best!

24 Hr. Rec. Info. Call 1-866-474-5699 ext. 106

24 Hr. Rec. Info. Call 1-866-474-5699 ext. 142 Select

To schedule a showing call 316-684-0000

3


$374,900

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Clearwater

East Wichita

300K -400K

13610 E Camden Chase $399,900 MLS# 309023 5 Bed 3 Bath 3 Car-Garage SQFT 3,708 City Lot

11689 W Brookway $399,900 MLS# 310892 5 Bed 3.5 Bath 2 Car-Garage SQFT 4,524 5.20 Acres

This former model home in the Hawthorne Addition has stone/brick exterior, vaulted ceilings, oak floors and two fireplaces. Kitchen has granite counter tops, maple cabinets, stainless steel appliances, preparation island and pantry. The master suite has tray ceilings and it leads to a bath with dual vanities and separate tub and shower. The walk out basement has a family room with wet bar and wine rack. Home also has a Trek deck, fenced yard and whole house speaker system.

Amazing estate with open floor plan, high ceilings, wood floors and gas fireplace. Kitchen has an island and walk in pantry. Master suite offers a tray ceiling, walk in closet, and a master bath with dual vanities and separate tub and shower. The finished basement has a family room, recreation room, wet bar with sitting area, two additional bedrooms and another full bath. Property also has 45x62 building, 18x36 in ground pool, hot tub, and three separate porch areas for ultimate enjoyment!

24 Hr. Rec. Info. Call 1-866-474-5699 ext. 151

24 Hr. Rec. Info. Call 1-866-474-5699 ext. 181

East Wichita

Augusta

3412 SW 100th St $399,900 MLS# 310704 5 Bed 3 Bath 2 Car-Garage SQFT 3,500 28.1 Acres

Beautiful rural property with vaulted tray ceilings, central vacuum system, wood laminate floors, and finished walk out basement. The kitchen has an eating bar, pantry and built in desk. The main floor master suite has a master bath with separate whirlpool tub and shower. Home also has two fireplaces, 40x20 barn, 30x40 barn with electricity and water, 10x8 shed, 10x40 corral, 12x48 hay shed, ¼ acre pond, pastures, fenced areas and ready for all of your horses! 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 176

14828 Sie﬍es Ct $379,900 MLS# 307541 6 Bed 3.5 Bath 2 Car-Garage SQFT 3,865 City Lot

This home has vaulted ceilings, neutral décor, living room with fireplace and lots of built-ins. Kitchen area has new hardwood flooring, granite counter tops, an island, stainless steel appliances, breakfast nook and hearth room. The master suite has walk in closet, master bath with double sinks and a Jacuzzi tub. Downstairs, there is a large family room. Sun room leads to a backyard with many patio and new 16x35 deck with a retractable awning leading to the in-ground pool. 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 129

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To schedule a showing call 316-684-0000


Derby

Derby

5 Bed 3 Bath 3 Car-Gar. SQFT 3,821 City Lot Former model home sits on golf course. Vaulted ceilings and granite fireplace. Gourmet kitchen, breakfast nook and formal dining room. Master suite, finished basement with theatre room and wet bar.

2730 N Rough Creek $359,900 MLS# 301785 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 150

5 Bed 3 Bath 3 Car-Gar. SQFT 3,821 City Lot Former model home in golf course community. Vaulted Ceilings, granite fireplace. Gourmet kitchen, breakfast nook and formal dining room. Master suite, finished basement with theatre room and wet bar.

2607 N Rough Creek $349,900 MLS# 301778 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 120 Northeast Wichita

5 Bed 3.5 Bath 3 Car-Gar. SQFT 3,260 City Lot Community ponds

Golf course views

Pool

Walking paths

Community Ponds

Play Ground

A neighborhood of friends, celebrations, leisure, and activities

East Wichita

4 Bed 3 Bath 3 Car-Gar. SQFT 3,478 City Lot Community ponds Home has open floor plan, large rooms, neutral decor, and hard wood floors. Kitchen has maple cabinets, eating bar, and island. Walk out basement has game room and wet bar. Has views of stables and lake.

13204 E Stampede $349,900 MLS# 304248 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 127 Derby

1103 Post Oak $359,900 MLS# 310670 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 135 Northwest Wichita

Former model home granite counters, wood floors, kitchen island, hearth room and formal dining. Walk-out basement includes bed, bath, game room and family room w/ wet bar. Backyard with covered and patio.

3829 N Lakecrest $349,000 MLS# 310331 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 171 Garden Plain

5 Bed 3.5 Bath 4 Car-Gar. SQFT 4,663 1.5 Acres Home has vaulted ceilings, large kitchen, breakfast nook, and main floor master suite. Finished basement has game room, rec. room, and office. Outside has a swimming pool, patio, screened porch and deck.

ThankYou!

1106 E Partridge Cir $329,900 MLS# 305599 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 131

4 Bed 3 Bath 3 Car-Gar. SQFT 3,296 City Lot

300K - 400K

Home has new roof, paint, zoned HVAC, carpet. Remodeled kitchen, hearth room, formal dining, finished, walk out basement with large rec room and wet bar. Deck, covered patio and fenced yard.

Distinctive homes for the astute buyer

5 Bed 4 Bath 3 Car-Gar. SQFT 4,717 1 Acre Home has open living room, high ceilings, built-ins and gas burning fireplace with floor to ceiling mantel. Large master suite and kitchen with walk-in pantry. Covered deck and a mid-level walk out patio.

31027 W Bergkamp $324,900 MLS# 304035 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 186

We want to thank all of our friends and clients for making us the #1 Team in Wichita & #32 in the nation. It could not have happened without you.

To schedule a showing call 316-684-0000

316.684.0000 WWW.MIKEGRBIC.COM

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State of the

Mortgage Rate Trends

5.5

MORTGAGE RATES

Mortgage rates are at their LOWEST point in recorded HISTORY!! These illustrations will show just how much difference interest rate makes on your monthly payment AND interest saved over the life of the loan. The numbers will amaze you. BUY NOW WHILE MONEY IS ON SALE!!! Opportunities like this only come along once in a lifetime, or in this case only once in history. Don’t miss out. These illustrations reflect the national average for the current interest rate. I encourage you to shop around. One lender I use was quoting a 30 year fixed rate FHA loan of 4.25% interest with no points this morning when I sat down to write this report.

August -06

Interest Rate

August-07

August-08

August-09

August-10

5 4.5 4

Dec.-11

6.52%

6.57%

6.48%

5.19%

4.42%

6.30%

Mortgage PMT/mo

$1,191.74

$1,196.68

$1,187.79

$1,064.40

994.58

$1,170.12

Difference in PMT

$197.16

$202.10

$193.21

$69.82

Interest PAID in 30 yrs Interest SAVED in 30 yrs

Mar

Apr

May Jun Jul 30 Year Fixed - 4.42% 15 Year Fixed - 3.90% 5 Year Arm - 3.56% 1 Year Arm - 3.53%

Aug

(Assuming a 30yr fixed rate, $150,000 loan amount, $2,000/yr Property Taxes, $900/yr Home Owners Insurance)

$175.54

$192,027.30 $193,806.44 $190,606.78 $146,186.38 $121,049.22 $184,245.31 $70,978.08

$72,757.22

$69,557.56 $25,137.16

$63,196.09

As you can see, the same house purchased in 2007, would have cost you $202.10 more per month in payment and $72,757.22 more in interest over the life of the loan than buying that same house today. There has never been a time when it made more sense to buy a home and lock in a great interest rate like this for 30 years. (Assuming a monthly payment of $1,100 that includes Principle, Interest, taxes, and Insurance. Assuming a $858.34/mo Principle and Interest Payment)

August -06

THEN VS. NOW Interest Rate Approximate Mortgage PMT/mo

Based on this table you can see that for the SAME payment in 2007, you could only have purchased a home with a loan amount of $134,815.28 vs. a $171,003.48 if purchased today! That’s a whopping $36,188.20 difference! You can buy $36,188.20 MORE HOUSE for the SAME PAYMENT today than you could have bought in August of 2007. Assuming today’s interest rates of 4.42%, every $10,000 increase in price is approximately a $50.19 difference in payment. WOW! For every $200 difference in payment approximately. That reflects a $40,000 difference in purchase price. Can you hear opportunity knocking, or should I say BANGING on your door?

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August-07

August-08

August-09

August-10

Dec.-11*

$135,516.55 $134,815.28 $136,081.73 $156,490.52 $171,003.48 $138,671.69 6.52%

6.57%

6.48%

5.19%

4.42%

6.30%

$1,100.00

$1,100.00

$1,100.00

$1,100.00

$1,100.00

$1,100.00

Select

www.mikegrbic.com

*Enough history, let’s look ahead. The Mortgage Bankers Association forecasts predict that the 30 year fixed RATE to reach 6.3% by the end of 2011! Ouch. Don’t wait. The cost of waiting could be VERY painful. Based on today’s rates and the Mortgage Bankers Associations own forecasts, that $150,000 loan amount we talked about above, will cost you $175.54 more a month and $63,196.09 more interest over the life of your loan if you just wait until the end of 2011 to buy. To make matters worse, if you wait to buy you’ll get $32,331.79 LESS HOUSE FOR THE MONEY. Things to ponder.....


HOW ARE HOMES SELLING?

# of Residential Sales 2007 2008 2009 January 692 598 425 February 735 709 480 March 1,035 902 630 April 1,033 920 676 May 1,232 1,011 756 June 1,276 1,004 922 July 1,112 1,009 865 YTD Total: 7,115 6,153 4,754 August 1,193 990 866 September 957 842 769 October 994 833 856 November 907 576 812 December 770 654 560 TOTAL: 11,936 10,048 8,617

Not particularly well. The tax credit induced, late summer slump is upon us and it isn’t pretty. The Kansas Association of Realtors figures showed a 35.7% drop in home sales for July 2010 over July 2009. Home sales in the Wichita market dropped 35.8% in July over June sales! Talk about fallout! Most real estate industry experts were expecting a late summer slow down after the tax credit deadlines came to a close. By moving sales forward that may have otherwise occurred anyway, but later in the year, we now feel the predicted “slump.” The numbers aren’t firm as of the time of the writing, but the August sales figures appear dismal at best. Where, oh where, have the buy-ers gone? That’s what most agents have been singing this past month or two. While there is light at the end of this tunnel, one has to ask themselves, what is everyone waiting for? Another stimulus, tax credit or something? Buyer activity such as calls on properties, number of showings, internet traffic, and the like all have shown a marked increase in July and August. These buyers are definitely out looking, but seem to lack the incentive or motivation to make offers and sign their names. Without many exceptions almost every price range is now in a full-fledged BUYER’S MARKET. All indications show an increased buyer interest but the sales have yet to follow..... stay tuned....

ARE THERE A LOT OF HOMES FOR SALE RIGHT NOW?

Early Buyer Activity Indicators.

2010 335 485 697 904 948 918 559 4,866

Number of Phone Call-Ins on our Properties April 141

May 94

June 114

July 144

Aug to Date

115

Number of Showings on our Properties April 718

May 398

June 479

July 578

Jul to Date 408

Aug to Date

473

# of Active Existing Homes for Sale 2007 2008 2009 2010 January 3,078 3,172 3,118 3,388 February 3,228 3,199 3,263 3,492 March 3,243 3,261 3,282 3,765 April 3,338 3,286 3,292 3,675 May 3,465 3,493 3,471 3,889 June 3,550 3,494 3,545 4,120 July 3,514 3,463 3,467 4,282 August 3,636 3,364 3,499 September 3,644 3,281 3,446 October 3,372 3,217 3,327 November 3,245 3,108 3,247 December 3,181 2,859 3,141

Yes. In July 2010, there was a 19% increase in inventory of existing homes compared to the same month last year. At the time of this writing the August data indicates a widening of this gap. While there are quite a few more people listing their homes as opposed to last year, that isn’t the whole story. Without a corresponding increase in sales to support the increase in inventory, the market tilts to favor the buyer. Because the July and August sales were very slow, and the new listings have continued to come on the market, this will only become more difficult for the sellers. What’s the message to buyers? You have a lot to pick from, so you know you’re going to get a good house for a fair price. Seller, price the home properly and make necessary improvements and you’re home has a good opportunity to sell. Your home has to compete for the buyer’s “business” in order to receive an offer. The Wichita area currently has a 8.3 month supply of existing homes for sale in July, STRONGLY favoring the buyer. This is an increase from only 5.4 month supply in June. Months Supply of Inventory

New and Existing Sales Existing Homes Single Family

New and Existing Homes

PRICE RANGE $29,999 OR UNDER $30,000 - $39,999 $40,000 - $49,999 $50,000 - $59,999 $60,000 - $69,999 $70,000 - $79,999 $80,000 - $89,999 $90,000 - $99,999 $100,000 - $119,999 $120,000 - $139,999 $140,000 - $159,999 $160,000 - $179,999 $180,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 OR OVER Market Total

Sept Oct Nov Dec Jan Feb Mar Apr May June 1.8 2.6 2.3 2.0 5.1 3.3 2.4 2.2 3.1 2.5 3.9 2.9 6.5 7.0 4.1 4.6 3.8 4.5 4.4 3.6 5.8 5.6 5.8 5.9 7.4 6.6 5.6 4.5 5.4 5.4 6.6 6.8 8.7 6.8 11.9 9.6 9.2 5.1 4.4 5.3 5.1 4.7 4.4 5.5 14.8 8.3 9.3 6.5 7.2 6.3 4.4 4.3 4.3 6.2 14.2 12.2 6.8 4.0 3.7 4.2 3.3 3.2 3.2 5.3 10.1 7.9 4.0 2.8 3.5 3.1 4.0 3.2 3.3 8.4 9.7 6.5 4.3 3.4 3.7 5.3 3.5 2.8 2.6 3.9 6.3 4.1 4.0 2.9 2.9 3.5 3.5 2.9 3.2 6.2 9.7 7.8 4.5 2.9 3.6 3.9 5.2 4.2 5.0 6.7 10.3 9.3 8.0 4.3 3.4 4.3 5.2 4.3 4.2 8.1 11.4 10.3 6.3 5.9 4.8 5.4 4.9 6.5 7.2 8.7 18.3 15.9 9.0 4.0 5.2 6.1 8.1 6.9 9.0 6.1 11.2 10.7 10.1 6.3 4.9 6.9 11.1 10.2 6.8 13.4 19.4 11.4 9.8 9.8 7.2 6.8 11.8 12.7 11.2 20.0 15.5 13.7 6.8 9.9 9.1 9.4 16.2 8.0 7.4 9.5 28.7 86.0 10.0 8.8 14.1 8.9 16.0 104.0 42.1 53.6 31.0 14.9 34.0 11.2 19.5 26.7

Month's HOMES Average Supply HOMES FOR Days on JULY SOLD SALE Market 1.7 57 51.3 98 3.5 36 75.4 125 6.2 27 56.2 167 8.7 25 56.2 218 9.9 28 64.2 276 59.0 10.5 24 251 70.2 10.7 21 225 85.7 9.4 19 178 67.0 8.9 39 347 82.5 9.5 55 523 58.5 10.3 38 393 62.3 11.1 29 321 90.6 8.0 29 233 104.0 9.4 41 387 92.7 10.8 23 249 67.2 9.9 25 248 148.8 6.7 14 94 127.8 15.3 10 153 540 4,486

www.mikegrbic.com

% of Sales 10.6% 6.7% 5.0% 4.6% 5.2% 4.4% 3.9% 3.5% 7.2% 10.2% 7.0% 5.4% 5.4% 7.6% 4.3% 4.6% 2.6% 1.9%

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Northeast Wichita

Valley Center

5 Bed 3 Bath 3 Car-Gar. SQFT 3,047 City Lot

Home has hardwood floors, neutral décor, and built-ins. Kitchen has granite, eating bar and stainless steel appliances. Master suite, walk out basement with wet bar. Covered deck, patio 2014 Triplecrown with views of lake and golf $319,900 MLS# 308223 course. 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 122 Valley Center

Rose Hill

3100 Stoney Brook $299,900 MLS# 309243 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 162 Cheney

4435 N Ironwood $299,900 MLS# 309538 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 160 Northwest Wichita

Beautiful home in Sienna Ranch with vaulted ceilings and open floor plan. Kitchen has eating bar, island & laminate floors. Finished mid-level walk out basement, master suite, deck & patio with lake views.

3 Bed 3 Bath 2 Car-Gar. SQFT 3,106 City Lot Gorgeous home in Willowbend golf course community! Two fireplaces, formal dining, granite counters, eating bar, master bath, walk out basement. Wet bar, covered deck/patio, hot tub and fenced yard.

3742 S 339th St W $299,000 MLS# 262320 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 187 Northwest Wichita

3841 N Lakecrest $295,000 MLS# 307455 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 102

3 Bed 2 Bath 4 Car-Gar. SQFT 1,617 8.8 Acres Back patio, space in the garage for a car lift, an enormous out building with electricity, three-stall barn wired and plumbed, private pond, ready to finish basement.

5 Bed 3 Bath 3 Car-Gar. SQFT 2,803 City Lot Like new home with open living room and gas fireplace. Fully finished basement with large family room, fireplace and wet bar. Back has covered deck with a fenced yard.

4 Bed 3 Bath 3 Car-Gar. SQFT 3,615

200K - 300K

204 N Tanner Trail $299,900 MLS# 308088 24 Hr. Rec. Info. Call 1-866-474-5699 x 109 East Wichita

Custom home has open floor plan, kitchen with eating bar, pantry, Knotty Alder cabinets, and wood floors. The finished walkout basement has family room with fireplace. 121 N Valley Creek Outside has covered deck, $309,900 MLS# 311059 patio, irrigation well. 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 104

4 Bed 3 Bath 3 Car-Gar. SQFT 3,010 .82 Acre Home has open floor plan, vaulted ceilings, formal dining, hearth room and finished basement. Kitchen has eating bar, island, and breakfast nook. Outside has covered deck, patio, and views of lake.

4 Bed 3 Bath 3 Car-Gar. SQFT 2,899 ½ Acre

4 Bed 3 Bath 3 Car-Gar. SQFT 2,403 City Lot

Auburn Hills home with vaulted ceilings, hearth room, formal dining, finished basement, family room and master suite. Kitchen has eating bar, pantry, and breakfast nook. 1408 S Fawnwood Covered wood deck with $289,900 MLS# 308423 golf course view. 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 127

Buy or Sell with us..... Use our Moving Truck

for

FREE! Select

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Garden Plain

3 Bed 3.5 Bath 2 Car-Gar. SQFT 4,358 City Lot Home has open/split floor plan and vaulted ceilings. You will also find a 2 way fireplace, sun room, formal dining, and large kitchen. Two master suites, finished basement with all the extras and much more!

929 N Biermann $275,000 MLS# 310830 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 158 Derby

2350 N Vinegate Circle $249,900 MLS# 308241 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 126

Very secluded country retreat! Open floor plan, two fireplaces, sun room, office, master bath, finished basement, 30x50 insulated shop/hangar, barn, fenced areas, two ponds, and large garden area.

14676 SW Ohio $249,900 MLS# 309648 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 164 Andover

3840 N Lily Circle $249,900 MLS# 303534 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 123 Derby

2100 N Woodard $249,900 MLS# 309537 24 Hr. Rec. Info. Call 1-866-474-5699ext. 161

This home has neutral décor, open floor plan, vaulted ceilings, two way fireplace, finished basement, covered wood deck, patio, fenced yard, and sprinkler system.

710 W Gatewood Lane $235,000 MLS# 305330 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 107

5 Bed 3 Bath 3 Car-Gar. SQFT 3,271 City Lot Beautiful home with fresh paint, new carpet/laminate floors, vaulted ceilings, 2 way fireplace, and hearth room. Master suite with tray ceiling, access to deck and patio, finished basement, and fenced yard.

210 N Tanner Trail Ct $229,900 MLS# 309829 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 122 Northeast Wichita

5 Bed 3 Bath 3 Car-Gar. SQFT 2,661 City Lot

5 Bed 3 Bath 3 Car-Gar. SQFT 2,968 City Lot Former model in The Oaks! Vaulted ceilings, fireplace, eating bar, pantry, formal dining, and master suite. Mid level walkout basement with family room and wet bar. Outside has a covered deck and sprinkler system.

Valley Center

3 Bed 2 Bath 2 Car-Gar. SQFT 1,936 40.8 Acres

5 Bed 3.5 Bath 3 Car-Gar. SQFT 3,984 1 Acre Custom built home with impressively engineered efficiencies, beautiful stone work, two fireplaces, vaulted beamed ceilings, newer roof, and guttering.

4 Bed 3.5 Bath 2 Car-Gar. SQFT 3,249 City Lot Like new 1.5 story home in Tall Grass. Open floor plan, two fireplaces, kitchen with wood laminate floors, granite counters, eating bar, island and pantry. Finished basement, large deck and patio.

Augusta

Maize

200K - 300K

1307 E Kay $249,900 MLS# 263947 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 117

3 Bed 3.5 Bath 4+ Car-Gar. SQFT 2,851 2 Acres

Home has new roof, open floor plan, many updates, master suite and full, finished basement. Outside find a covered patio, deck, pond with fountains, bridge and gazebo. Also has 1482 N Webb Rd heated shop and storage $274,900 MLS# 304489 shed. 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 191

5 Bed 3.5 Bath 3 Car-Gar. SQFT 3,130 City Lot Two story home with formal dining room, hearth room, insulated basement walls, gorgeous back yard, creek like setting, awesome landscaping, and large wood deck.

Northeast Wichita

Mulvane

3 Bed 3 Bath 2 Car-Gar. SQFT 2,717 City Lot In this home find vaulted ceiling, beautiful woodwork, and neutral decor throughout. Also there are large bedrooms, a finished walkout basement, patio area, and two new decks, one with a hot tub.

4127 N Plum Tree $230,000 MLS# 302363 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 116

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West Wichita

Like new home in Goddard schools. 10’ceilings, open floor plan, gas fireplace, wood floors, master bath with separate tub and shower. Finished basement with family room, fenced yard and patio.

13644 W Highland Springs Ct $229,900 MLS# 309935 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 124

200K -300K

Park City

Towanda

5 Bed 3 Bath 3 Car-Gar. SQFT 3,291 City Lot

This secluded, country retreat has new carpet, roof and fresh paint inside and out. Vaulted ceilings, two fireplaces, open floor plan, finished basement, deck, lake, shed, horse barn and pasture.

4574 SW Burch Ct $225,000 MLS# 309505 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 128 Park City

4 Bed 3 Bath 3 Car-Gar. SQFT 2,602 City Lot

This brand new home has vaulted ceilings, Knotty Alder kitchen cabinets and extensive wood craftsmanship throughout. Fully finished viewout basement. Outside 2602 E Sunny Slope find a covered deck and $227,519 MLS# 304270 neighborhood amenities. 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 141

Northeast Wichita

5 Bed 3 Bath 3 Car-Gar. SQFT 2,842 City Lot

2540 N 167th St W $224,900 MLS# 309569 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 162 Northeast Wichita

8006 E Old Mill $219,900 MLS# 305910 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 145

Sawmill Creek 45th and Rock

Rose Hill

Jogging Path for Exercise

Lake/Pond Playground Swimming Pool

5 Bed 3 Bath 3 Car-Gar. SQFT 3,068 City Lot This home includes vaulted ceilings and neutral decor throughout. Features an open floor plan, hardwood flooring, master suite and a wood deck.

105 W Primrose Ct $219,900 MLS# 304639 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 143

Select

14

5 Bed 3 Bath 2 Car-Gar. SQFT 3,178 City Lot Home features vaulted ceilings, hardwood floors and neutral decor. Master bath has french doors and a tub with stone front. Yard has a deck and has a sprinkler system for upkeep ease.

Home features vaulted ceilings, neutral decor, and hardwood floors. Full finished view out basement with fireplace and built-ins. Outside is a deck and patio. 8125 E Old Mill Ct $224,900 MLS# 303274 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 196

5 Bed 3 Bath 2 Car-Gar. SQFT 3,696 10 Acres Rare find on outskirts of west Wichita! New carpet, roof, counters, back splash and fresh paint throughout. Has formal dining, hearth area, and finished basement. Fenced for livestock, has lean-to, and tack room.

Park City’s Home Buyer’s Incentive: $3500 Towards closing cost or upgrades!

No HOA fees!

4 Bed 3 Bath 2 Car-Gar. SQFT 2,602 City Lot

This brand new model home includes two gas log fireplaces, hickory cabinets in the kitchen, appliance package, and exceptional wood craftsmanship. Fully finished basement. Outside 6602 N Upchurch enjoy wood deck and $214,000 MLS# 304268 neighborhood amenities. 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 139 Colwich

Jogging path, playground, lake/pond Close to shopping and entertainment

4 Bed 3 Bath 3 Car-Gar. SQFT 2,978 4.1 Acres

To schedule a showing call 316-684-0000


WHAT IS A

Simply put, a short sale is when you sell your home for less than what you owe and the bank is willing to accept that lower amount. Example...your home is worth $100,000, But you owe $110,000. You sell your home for $100,000, and the bank agrees to write off the other $10,000 plus pay your costs of selling. That may be a very simple explanation, however, the short sale process is anything but simple, and it’s not something to be jumped into lightly. Why would a bank agree to a short sale? Usually when someone requests a short sale, they are very close to foreclosure or are starting to get behind. The lender knows they will lose a lot more money if the property goes through the foreclosure process, so, if they see an opportunity to sell the property without a huge loss, they will do it. A typical foreclosure can cost a bank anywhere from $25,000 to $40,000 in losses. If you have more than one mortgage on your home, you’ll need to get approval from every lender you expect to “sell short.” This process can be a bit more difficult. The lender that holds your 2nd or 3rd mortgage will usually end up with nothing if the home goes into foreclosure. You will need to negotiate with your “junior” mortgage (2nd or 3rd mortgage) first then talk to your 1st mortgage if necessary.

SHORT SALE?

1. 2.

3.

The lender can attempt to collect the deficiency balance from the seller after the property has closed. You must negotiate this with the lender at the time of short sale. The lender may require the seller to sign an unsecured promissory note for the deficiency balance as a condition of agreeing to the short sale. If the new note is for less than the balance of the original debt, the difference would be considered cancelled, or forgiven debt. The lender may agree to cancel the entire deficiency balance. This is the most common scenario.

Are there any tax consequences for a short sale? The IRS used to consider any cancelled mortgage debt ordinary income. This means that the amount forgiven was taxed at the same rate as the sellers’ salaries. The IRS requires the lender to file a 1099-C form stating the amount of the cancelled debt and count it as income on your personal tax return. This “phantom tax” on income or money you never received has now gone away thanks to the Mortgage Debt Relief act of 2007. Until December 31, 2012, any mortgage forgiveness on Short Sales cannot be taxed.

What is the short sale process? 1. Finding an agent who understands short sales will help you through this process. (Ideally someone who specializes in this process.) 2. Writing a hardship letter to your bank and gathering all your financial information together to complete a financial statement for your bank. 3. Putting your home up for sale at a price that will attract buyers willing to play the “short sale game” with you. 4. Receive an offer from a buyer. Do you qualify for a short sale? 5. Filling out a short sale package that your agent will send to • Does your mortgage exceed the value of your home? the bank. • Have you fallen on hard times? An acceptable hardship, in the banks eyes, would be a loss of job, death of one of the 6. Waiting for and negotiating with your lender and the buyer to get an agreement. homeowners, divorce, business failure, serious illness, or something along those lines. • Does your monthly income fall short of what is necessary to For more information, or to discuss your situation with our short sale specialist, please contact the Mike Grbic Team, Select Homes make the required monthly payment? office, at (316)684-0000, or visit www.wichitashortsale.com. • Are you unable to repay the loan from other assets? If you answered yes to ALL of these questions, you may qualify for Foreclosure Short Sale a short sale. What are some negatives of a short sale? • It will be a black mark on your credit, although not as bad as a foreclosure. • Unless negotiated with your bank at the time of the short sale, the lender MAY still hold you liable for the deficiency. (Can be included in a bankruptcy). • A short sale can take a very long time, depending on how long your bank takes to respond. What happens to the deficiency? (Amount the lender wrote off) Am I still liable for anything? This is a very common question. With a short sale, the lender has three possible ways to handle the deficiency balance, which is the portion of the mortgage debt not covered by the sale of the home:

Credit Score Damage

(based on agent reports)

250 Points or More

150 points or less

(NOTE: credit monitoring agencies change policy on score modification)

Drops off credit Mark Against Your Permanent record at after Financial Record county courthouse scoring7 system years.

Time to Qualify To Buy Again

5-7 Years

2 Years

Down Payment on Future Purchase

10 Percent or greater, most likely 20 Percent

Less than 10 Percent

Time Elapsed

Generally takes more time. (5-7 months)

Generally faster of the two options (2-6 months)

Security Clearance could be jeopardized due to foreclosure on your record

Generally no affect

(FNMA)

(FNMA)

Security Clearance

(for employment purposes)

To schedule a showing call 316-684-0000

15


Andover

This like new home has split bedroom floor plan, new paint, carpet and roof. Two fireplaces, wood floors, formal dining, master bath, finished basement, family room, wet bar, raised deck and covered patio.

260 S Lakeside $219,900 MLS# 310731 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 177

150K -300K

Halstead

220 W 3rd $215,000 MLS# 302542 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 118

825 E Southcrest Ct $209,900 MLS# 308364 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 135 Northeast Wichita

538 N Caleb $219,000 MLS# 303328 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 116 Andover

707 N Lakecrest Pl $214,900 MLS# 302542 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 151 Northwest Wichita

8602 W Brookview $209,900 MLS# 311261 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 112 Derby

Like new home with vaulted ceilings, neutral décor, wood laminate flooring, finished basement, privacy fence, deck and patio.

East Wichita

963 S Sagebrush $199,900 MLS# 305573 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 106

401 N Valley Stream Drive $199,900 MLS# 263609 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 197 Southeast Wichita

4 Bed 3 Bath 3 Car-Gar. SQFT 2,753 City Lot Great home with vaulted ceilings and open floor plan. Two-way fireplace, finished basement, wet bar, covered deck, patio, gazebo, shed and lovely landscaping.

9502 E Stafford $199,900 MLS# 307846 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 176

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4 Bed 3.5 Bath 2 Car-Gar. SQFT 2,893 City Lot Home has vaulted ceilings and skylights. Also has new roof, siding, paint, light fixtures, hardwood floors, counter tops, and tile flooring. Basement is finished.

4 Bed 3 Bath 3 Car-Gar. SQFT 2,676 City Lot Open, split floor plan, vaulted ceilings, two fireplaces, and custom tile floors throughout. There is a wood deck off the back and sprinkler system. Specials have been paid off by seller.

4 Bed 3 Bath 3 Car-Gar. SQFT 2,801 City Lot This home features open floor plan, vaulted ceiling and neutral décor. The kitchen offers oak floors, island, pantry, and eating bar. Finished basement has family room and wet bar. Views of lake from deck.

5 Bed 3 Bath 2 Car-Gar. SQFT 1,964 City Lot

2503 N Castle Rock $199,900 MLS# 303398 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 190

4 Bed 3 Bath 3 Car-Gar. SQFT 2,455 City Lot Well maintained home with new carpet, fresh paint and two way fireplace. Kitchen has eating bar with island and appliances stay. Walkout basement with family room, wet bar, covered deck and patio.

4 Bed 3 Bath 2 Car-Gar. SQFT 2,323 City Lot Home has fresh paint, new carpet, and new siding. Inside find a formal dining room, master suite, finished basement, two tier deck, fenced yard with sprinkler system. NO SPECIALS!

5 Bed 3 Bath 3 Car-Gar. SQFT 2,961 City Lot This home features vaulted ceilings, recessed lighting, gas fireplace, finished basement, deck, patio, sprinkler system, irrigation well and security lights.

6 Bed 5 Bath 1 Car-Gar. SQFT 3,659 City Lot This home was formally a bed and breakfast. Gorgeous woodwork throughout, two gas burning fireplaces, sun room and all bedrooms have private baths.

Derby

Haysville

4 Bed 3 Bath 3 Car-Gar. SQFT 2,934 City Lot

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East Wichita

This well maintained home has kitchen eating bar, maple cabinets, wood laminate floors and master suite. Finished basement has family room and wet bar. Home has a large fenced yard and patio.

14004 E Gilbert $199,900 MLS# 309398 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 158

150K -200K

Kechi

462 N Creek Trail Ct $179,900 MLS# 307107 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 110

152 N Parkdale $179,900 MLS# 308891 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 117 Historical Mid-Town Wichita

4 Bed 1.5 Bath 1 Car-Gar. SQFT 2,900 City Lot Architecture detail, hardwood floors, and covered front porch for relaxing. Home has formal living and dining rooms, library, sleeping porch, stone patio, sprinkler system, fenced yard and 30 year roof.

1241 N Emporia $174,900 MLS# 309293 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 157 Northeast Wichita

342 N Lioba #5B $179,900 MLS# 306986 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 181 Bel Aire

5118 N Yorkshire $179,900 MLS# 307106 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 103 Derby

2901 N Parkwood $169,900 MLS# 309783 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 167

2806 Button Bush $174,900 MLS# 307988 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 178 Northeast Wichita

4 Bed 3.5 Bath 2 Car-Gar. SQFT 3,417 City Lot This home includes vaulted ceilings, wood burning fireplace, and finished basement. Outside is a deck, patio, basketball court, and sprinkler system for lawn maintenance.

2330 N Inwood Circle $169,900 MLS# 303379 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 172 Rose Hill

5 Bed 3 Bath 2 Car-Gar. SQFT 2,526 City Lot This home has vaulted ceilings, open floor plan, fireplace, and kitchen with island and eating bar. The basement is finished and has an office, large family room, and bedroom. In back is a patio and large yard.

210 W Harmony Circle $164,900 MLS# 308438 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 128

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18

4 Bed 3 Bath 3 Car-Gar. SQFT 2,400 City Lot Lovely home has vaulted ceilings and two fireplaces. Kitchen has eating bar, island, and tile floors. Master suite, finished basement, family room, patio, deck, landscaping and sprinkler system.

4 Bed 3 Bath 3 Car-Gar. SQFT 2,632 City Lot Home has open floor plan, vaulted ceilings, skylights, new carpet, pantry, and laminate floors. Master bath has separate tub and shower. Finished walk out basement with family room, covered deck.

5 Bed 3 Bath 3 Car-Gar. SQFT 2,449 City Lot Like new home with vaulted ceilings, two fireplaces, new carpet, hardware, paint throughout, appliances and lighting. Basement is finished.

4 Bed 2.5 Bath 2 Car-Gar. SQFT 2,261 City Lot This is an updated home with oak cabinets, fresh paint and Pella windows. Kitchen with desk, island, porcelain counters, and pantry. Family room, large master, stone patio, pergola and fenced yard.

3 Bed 2.5 Bath 1 Car-Gar. SQFT 2,067 City Lot Brand new condo with no specials! Hardwood floors with oak cabinets and woodwork. Anderson Low E windows for efficiency, open floor plan, and covered deck for relaxing.

2 Bed 2 Bath 3 Car-Gar. SQFT 1,463 City Lot Gorgeous home on large corner cul-de-sac lot. Vaulted ceilings, open split floor plan, Knotty Alder woodwork, large living room, stainless steel appliances and covered back patio.

Northwest Wichita

Andover

4 Bed 3.5 Bath 3 Car-Gar. SQFT 2,150 City Lot

To schedule a showing call 316-684-0000


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Haysville

Home has new roof, heat and A/C unit, and hot water heater. Inside has vaulted ceilings, hardwood floors, and finished basement. Also a balcony, patio, pond, 40x40 garage, shed, and gazebo with fenced yard.

6862 S Broadway $164,900 MLS# 308489 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 109

150K -200K

West Wichita

2209 S Milstead $159,900 MLS# 307665 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 164

4 Bed 2.5 Bath 2 Car-Gar. SQFT 2,673 City Lot This two story home has , fresh paint, wood laminate floors, and appliances stay. There is a formal dining room, main floor family room, fireplace, finished basement with rec room. Outside has a patio area.

1430 N Chambers $159,900 MLS# 310513 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 115 Mulvane

3414 E 103rd Ct S $154,900 MLS# 306453 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 165 Northwest Wichita

2619 E Sunny Slope $160,000 MLS# 308104 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 123 Derby

1214 N Armstrong Ct $159,900 MLS# 310487 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 124 Northwest Wichita

6625 E Pepperwood $150,000 MLS# 307446 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 144

238 S Brownthrush $159,900 MLS# 311082 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 182 Park City

4 Bed 3 Bath 2 Car-Gar. SQFT 2,010 City Lot Home features vaulted ceilings, natural light, double mirrored closets and finished basement. Outside there is a deck, fenced yard and sprinkler system. Home also comes with security system.

2555 E Burlington $150,000 MLS# 304400 24 Hr. Rec. Info. Call 1-866-474-5699 ext. 135 Clearwater

3 Bed 3 Bath 2 Car-Gar. SQFT 2,568 City Lot This home has fresh interior paint, some new carpet, vaulted ceilings and a fireplace. The backyard has a large deck for entertaining or relaxing, and a beautiful view of the lake.

409 S Clear Creek $149,900 MLS# 304168 24 Hr. Rec. Info. Call 1-866-472-6673 ext. 134

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20

4 Bed 3 Bath 2 Car-Gar. SQFT 2,125 City Lot Lovely Quad level home has sky lights, vaulted ceilings, wood laminate floors, formal dining room, and master bath. Finished basement has fireplace, and wet bar. Backyard has deck and covered patio.

4 Bed 2 Bath 2 Car-Gar. SQFT 2,286 City Lot Updated home with vaulted ceilings, fireplace, and wood laminate flooring. Finished basement includes family room with dry bar, fresh paint, new heat and A/C unit. Outside is privacy fenced yard with deck.

3 Bed 3 Bath 2 Car-Gar. SQFT 2,487 City Lot Home has newer roof, windows, and doors. Also wood laminate floors, granite counter tops, and main floor family room. Finished basement has large rec room w/fireplace. Outside has deck, patio and shed.

4 Bed 2 Bath 2 Car-Gar. SQFT 1,815 2.11 Acres Home has tile floors, appliances that stay, finished basement, family room, fireplace, covered deck, large patio, fenced yard, and 10x20 storage shed. Horses allowed.

4 Bed 3 Bath 2 Car-Gar. SQFT 2,644 City Lot Like new home on cul-desac. Home has vaulted ceilings and upgraded lighting throughout. Master suite and finished basement with large family room. Large wood deck and a privacy fenced yard

4 Bed 3 Bath 2 Car-Gar. SQFT 2,456 City Lot Goddard schools, vaulted ceilings, open floor plan, wood laminate floors, three bedrooms on main level, and mid-level walk out finished basement. Raised wood deck with large manicured yard on quiet lake lot.

Northwest Wichita

Park City

4 Bed 3 Bath 4+Car-Gar. SQFT 2,668 1 Acre

To schedule a showing call 316-684-0000


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College Hill

Haysville

529 S Quentin $149,900 MLS# 307670 1-866-472-6673 ext. 139 Lovely home that has new carpet, paint and updated bathrooms. Crown moulding, breakfast nook, formal dining, two family rooms with fireplaces, sun room and in ground pool.

Southwest Wichita

4561 S Doris Ct $149,900 MLS# 309115 1-866-474-5699 ext. 154

4 Bed 2Bath 3 Car-Garage .85 Acres New roof and windows, fresh paint, fireplace, wood laminate floors, formal dining, wood fence, patio, shed, sprinkler system and horses allowed. Belle Plaine

2 Bed 2 Bath 3 Car-Garage City Lot Home with 1,255 SQFT has open floor plan, vaulted ceilings, eating bar, island, master suite with separate tub and shower. Outside has large covered deck and fenced yard.

100K -150K

Mulvane

Goddard

1459 E 141st Ave N $149,900 MLS# 309958 1-866-474-5699 ext. 168

Andover

2230 Cottonwood Ln $145,000 MLS# 309907 1-866-472-6673 ext. 119

4706 S Leonine $144,900 MLS# 309964 1-866-472-6673 ext. 166

222 S Sunflower $139,900 MLS# 307848 1-866-472-6673 ext. 168

Southeast Wichita

Northwest Wichita

3 Bed 3 Bath 2 Car-Garage City Lot Home has 2,224 SQFT with new paint and carpet. Also vaulted ceilings, fireplace, formal dining room, finished basement. Outside has covered patio and fenced yard. Derby

1601 E Horizon $139,900 MLS# 310852 1-866-472-6673 ext. 152 4 Bed 2 Bath 2 Car-Garage City Lot 1,785 SQFT home has new tile floors, paint, fixtures, and roof. Also has vaulted ceilings, fireplace, master bath, formal dining, family room, fenced yard and stone patio.

Select

22

10213 Prairie Woods $139,900 MLS# 308702 1-866-472-6673 ext. 133 3 Bed 3 Bath 2 Car-Garage City Lot Open floor plan with 1,977 SQFT, vaulted ceilings, wood burning fireplace, finished basement, family room, game room, security system, large wood deck, and fenced yard.

Northwest Wichita

6720 E 30th $139,900 MLS# 310115 1-866-474-5699 ext. 172

1637 Red Oaks $139,900 MLS# 306561 1-866-472-6673 ext. 156 3 Bed 2 Bath 2 Car-Garage City Lot Fresh paint, wood laminate floors, vaulted ceilings, walk out lower level, sun room, fireplace, fenced yard, large deck and a gazebo with hot tub.

4 Bed 3 Bath 2 Car-Garage City Lot 1,637 SQFT. home has vaulted ceilings, open floor plan, new stainless steel appliances, finished basement, wood deck, large backyard, and epoxy floor in garage.

Northeast Wichita

1215 W Basswood $144,900 MLS# 309723 1-866-472-6673 ext. 104 4 Bed 3 Bath 2 Car-Garage City Lot 1,820 SQFT home with vaulted ceilings, open floor plan, stainless steel appliances, master bath, basement with family room, game room, office. Outside patio and fenced yard.

3 Bed 3 Bath 3 Car-Garage City Lot Home has new roof and gutters, vaulted ceilings, open floor plan, eating bar, and large master suite. Finished basement has family room, wet bar and fireplace. Rose Hill

1306 Summerwood $145,900 MLS# 308786 1-866-472-6673 ext. 146 4 Bed 3 Bath 3 Car-Garage City Lot This 2,218 SQFT home in Goddard schools has vaulted ceilings, walk-out basement, family room, and possible fifth bedroom. Has large deck, patio and spacious yard.

3 Bed 2 Bath 2 Car-Garage City Lot Brand new 1,464 SQFT home with skylights, open floor plan, pantry, eating bar, Knotty Alder cabinets, heated tile floors, sprinkler system, and patio with pergola. Southeast Wichita

705 N Linden $149,900 MLS# 309152 1-866-474-5699 ext. 107 4 Bed 1.5 Bath 1 Car-Garage City Lot 2,012 SQFT Restored Victorian with new windows, wrap around porch and fenced yard. ALL NEW kitchen with eating bar, island, pantry and laminate floors.

3 Bed 2 Bath 2 Car-Garage 2.22 Acres Home has new carpet and paint, wood burning fireplace with stone surround, laminate floors, wood deck with large mature trees, just minutes from town! Winfield

1520 E 87th St S $149,900 MLS# 308840 1-866-472-6673 ext. 175

To schedule a showing call 316-684-0000

801 N Parkridge $139,900 MLS# 310564 1-866-474-5699x175 4 Bed 3.5 Bath 2 Car-Garage City Lot 2,936 SQFT home with vaulted ceilings, eating bar, formal dining room, main floor family room. Finished basement has rec. room and fireplace. Outside privacy fenced.

Cheney

519 E Jayhawk $139,500 MLS# 308966 1-866-474-5699 ext. 146 4 Bed 3 Bath 2 Car-Garage City Lot 2,066 SQFT home with upgraded lighting and hardware, vaulted ceilings, tile floors, bay windows, finished basement, fenced yard, deck, sprinkler system and shed.


Rose Hill

Delano

405 E Oakwood $137,500 MLS# 305827 1-866-472-6673 ext. 194

4 Bed 3 Bath 2 Car-Garage City Lot 2,072 SQFT. home on large corner lot, formal dining room, main floor family room, privacy fenced backyard, twotiered deck and above ground swimming pool! Has 2nd house for income!

5 Bed 3 Bath 2 Car-Garage City Lot This home has vaulted ceilings, open floor plan, and neutral decor throughout. Home sits on a finished basement with a deck and fenced yard.

Northwest Wichita

11818 W Jewell Ct $134,900 MLS# 308980 1-866-474-5699 ext. 147

Northeast Wichita

100K -150K

9315 E Carson $134,900 MLS# 310283 1-866-472-6673 ext. 141

Northeast Wichita

Northwest Wichita 8625 E Hurst $134,900 MLS# 311196 1-866-472-6673 ext. 132

North Wichita 2206 S Milstead $132,500 MLS# 300966 1-866-472-6673 ext. 152

Rose Hill 625 E Showalter $129,900 MLS# 307510 1-866-474-5699 ext. 114

West Wichita 2552 E Fairchild $129,900 MLS# 310494 1-866-474-5699 ext. 150

Rose Hill

Your home advertised here! Call us at 316.684.0000

11309 W Jewell $129,900 MLS# 310788 1-866-474-5699 ext. 197 3 Bed 2 Bath 2 Car-Garage City Lot 1,833 SQFT home with new roof, carpet, and paint. Kitchen is open with stainless steel appliances. Finished basement has family room. Yard is fenced and has patio.

3 Bed 2 Bath 2 Car-Garage City Lot 1,823 SQFT home has vaulted ceilings, open floor plan, eating bar, bay window, and new dishwasher. Finished basement has game and family room. Yard has privacy fence.

504 E School St $127,500 MLS# 302764 1-866-472-6673 ext. 192 4 Bed 3 Bath 2 Car-Garage City Lot Home has open floor plan, neutral decor, fireplace, spacious master suite, and finished basement. Fenced yard, storage shed and covered deck outside.

Select

24

14 Frontier Lane $129,000 MLS# 310129 1-866-474-5699 ext. 171 3 Bed 2.5 Bath 2 Car-Garage City Lot 2,120 SQFT home has vaulted/beamed ceilings, new cabinets, fixtures, counters, and backs plash. Complete with finished basement and fenced yard with shed & patio.

4 Bed 2 Bath 2 Car-Garage City Lot This 2,223 SQFT home has new roof, siding, Pella windows and carpet. Two fireplaces, finished basement, safe room, family room, workshop, large deck and fenced yard. Park City

3811 N Woodrow $130,000 MLS# 307071 1-866-472-6673 ext. 193 3 Bed 2 Bath 2 Car-Garage City Lot 1,962 SQFT home with large formal dining room, finished basement, family room, office, privacy fenced yard, and storage shed. New kitchen floors will be in soon!

3 Bed 2.5 Bath 2 Car-Garage City Lot Well maintained home with neutral decor, open floor plan and vaulted ceilings. Kitchen has eating bar and tile back splash. Home has formal dining room and deck in back. Rose Hill

1284 N Wood $132,900 MLS# 308238 1-866-474-5699 ext. 125 4 Bed 2 Bath 2 Car-Garage City Lot 1,848 SQFT with new paint, carpet and flooring, kitchen with island. Finished basement with family room and fireplace. Covered deck, privacy fenced yard with shed.

3 Bed 2.5 Bath 2 Car-Garage City Lot 1,519 SQFT tri-level home with new roof, siding, and deck. Also find wood laminate floors, open floor plan, fireplace, finished basement with office, fenced yard and shed. West Wichita

7909 W 10th $134,900 MLS# 310998 1-866-474-5699 ext. 184 4 Bed 2 Bath 2 Car-Garage City Lot Home has new roof, aluminum siding, tile floors, and formal dining room. Finished basement has family room, rec. room, and wet bar. Large yard is fenced.

4 Bed 3 Bath 2 Car-Garage City Lot 1,916 SQFT home in Derby school district has new roof and paint. Vaulted ceiling, open floor plan, fireplace and wood laminate floors. Finished basement has family room. Southeast Wichita

1441 N Rock Rd # 2402 $134,900 MLS# 309608 3 Bed 2.5 Bath 2 Car-Garage Condo 1,937 condo with new paint and carpet, black granite, stainless steel appliances. Electric fireplace, finished basement with built-ins, patio and fenced yd.

4 Bed 3 Bath 2 Car-Garage City Lot Well maintained home with 1,844 SQFT. Has vaulted ceilings, wood laminate floors, neutral décor, finished basement, large deck, fenced yard and shed. Southeast Wichita

203 N Saint Clair $135,000 MLS# 306808 1-866-472-6673 ext. 110

To schedule a showing call 316-684-0000


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College Hill

Colwich

442 N Pershing $125,000 MLS# 309292 1-866-474-5699 ext. 112 3 Bed 1.5 Bath 1 Car-Garage City Lot Brick home with 1,778 SQFT. Fresh paint, wood floors, new granite counters, tile back splash, and fireplace. Newer roof HVAC, and wood fence. Surrounded by mature trees.

Haysville

3 Bed 3 Bath 2 Car-Garage City Lot Home with neutral decor, open floor plan, vaulted ceilings and fireplace. Outside, enjoy the sprinkler system, irrigation well and the insulated finished garage. Rose Hill

1220 E Spring Circle $124,900 MLS# 308842 1-866-472-6673 ext. 108 4 Bed 3 Bath 2 Car-Garage City Lot 1,794 SQFT home with vaulted ceilings, finished basement with family room, kitchen with granite counters and stainless steel appliances, fenced yard and patio.

100K-150K

Southeast Wichita

Augusta

1626 S Brandon $119,900 MLS# 306679 1-866-472-6673 ext. 143

10013 W Dora $119,900 MLS# 309718 1-866-474-5699 ext. 165

242 N Glendale $119,900 MLS# 309838 1-866-472-6673 ext. 126

Mid-Town

835 N Norman $115,000 MLS# 307111 1-866-474-5699 ext. 111

Southeast Wichita

East Wichita

3 Bed 1 Bath 2 Car-Garage City Lot 1,685 SQFT home with fresh paint, new trim, carpet, fixtures, and bathroom. Finished basement has family room and office. Outside has fenced yard & patio. Southeast Wichita

1209 E Kemper $104,900 MLS# 308406 1-866-472-6673 ext. 103

1441 N Rock Rd #301 $109,900 MLS# 310490 1-866-474-5699 ext. 138 2 Bed 2.5 Bath 2 Car-Garage 2,073 SQFT condo with vaulted ceiling, fireplace, eating bar, wood laminate floors, and formal dining room. Finished basement has game and family room. Has private patio.

Northwest Wichita

3 Bed 2 Bath 2 Car-Garage City Lot Well maintained, 1,722 SQFT home, with updated light fixtures, vaulted ceilings, finished basement, family room, large deck, wood fence and storage shed.

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628 S Chautauqua $109,900 MLS# 304503 1-866-474-5699 ext. 138 3 Bed 2 Bath 1 Car-Garage City Lot Beautiful home includes formal dining room, finished basement, fenced yard and patio.

Northeast Wichita

3322 S Sheridan $109,900 MLS# 1-866-474-5699 ext. 111

712 S Terrace $119,900 MLS# 311098 1-866-474-5699 ext. 166 3 Bed 1 Bath 1 Car-Garage City Lot 1,943 SQFT home with hardwood floors and built ins. Also there is a formal dining and family room, two fireplaces, in ground pool, patio, fenced yard, and guest house.

3 Bed 1.5 Bath 2 Car-Garage City Lot 2,007 SQFT home with new roof, carpet and paint. Open floor plan, two-way fireplace, main floor family room, large deck with pergola and fenced yard. Southwest Wichita

1947 N Market $119,900 MLS# 309780 1-866-474-5699 ext. 166 4 Bed 2 Bath 2 Car-Garage City Lot 1.5 story home with fresh paint, new carpet, cabinets, and counter tops. Also find refinished hardwood floors and master suite with beamed/vaulted ceilings.

2 Bed 1 Bath 2 Car-Garage City Lot Remodeled cottage home with high end finishes. Has wood burning fireplace, renovated bathroom, family room and additional bonus rooms. Northwest Wichita

416 E 13th $119,900 MLS# 307812 1-866-472-6673 ext. 114 2 Bed 2 Bath 1 Car-Garage City Lot Vaulted ceilings, open floor plan, neutral decor, three-way fireplace, wood laminate floors, kitchen with island and pantry, fenced yard, and screen patio.

3 Bed 2.5 Bath 2 Car-Garage City Lot 1,700 SQFT home with vaulted ceilings and wood laminate flooring. Appliances stay. Finished basement, spacious wood deck, fenced yard with storage shed. East Wichita

308 E Showalter $124,900 MLS# 310201 1-866-474-5699 ext. 113 3 Bed 2 Bath 2 Car-Garage City Lot 1,997 SQFT home has new fixtures and cabinets. You will also find a formal dining room, finished basement with bonus room, fenced yard with an in ground pool & patio.

3 Bed 2 Bath 2 Car-Garage City Lot 1,750 SQFT home with fresh paint, new siding, open living room, vaulted ceilings, neutral decor, wood laminate floors, finished basement, privacy fence and patio. West Wichita

637 N Union Park Circle $124,900 MLS# 306284 1-866-472-6673 ext. 183

To schedule a showing call 316-684-0000

929 N Wilbur $104,900 MLS# 309296 1-866-472-6673 ext. 185 3 Bed 2 Bath 1 Car-Garage City Lot 2,192 SQFT home with new carpet, roof, windows, HVAC and water heater. Large living room, formal dining, brick back splash, finished basement and fenced yard.


www.memoriesofhome.biz

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The

Added Touch

Memories of Home

316.619.1382 or 316.776.0828

316.640.7918

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April

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Autumn On Prairie Creek Thursday Sept. 9 10-6

Friday

Sept. 10 10-5

Saturday

Sept. 11 10-3

it e to vis biz Be suriesofhome.

s emor d hour www.mdirections anion! for

There are a lot of hours spent and tons of creativity burned to bring you interesting topics each month. If you would like to see something added, or just have some great ideas, please feel free to contact Kimberly Garrelts at 316.684.0000, or email me at kim@mikegrbic.com

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To advertise and become one of our Preferred Vendors, please give me a call! Select Homes Magazine is a monthly Real Estate Magazine with an estimated readership of 30-40,000 people.


Derby

1111 E Redwood $100,000 MLS# 308533 1-866-474-5699 ext. 137

Northeast Wichita

3 Bed 1 Bath 2 Car-Garage City Lot Home has vaulted ceilings, open floor plan, fresh paint, pantry, tile floors, back patio with spacious privacy fenced yard with storage shed.

3 Bed 1.5 Bath 2 Car-Garage City Lot 1,560 SQFT home with newer hot water heater, heat/AC and light fixtures. Vaulted ceilings, gas fireplace, updated kitchen and bathroom, new appliances and fenced yard. North Wichita

2401 N Coolidge $99,900 MLS# 310539 1-866-474-5699 ext. 174

East Wichita

3 Bed 1.5 Bath 2 Car-Garage City Lot Brick home on corner lot. 1,437 SQFT in this home with new roof, oak cabinets, and appliances. Home has formal dining room, fireplace, fenced yard and storage shed.

50K -100K

Mulvane

107 W April $94,900 MLS# 311031 1-866-472-6673 ext. 140

11029 SW 150th $89,900 MLS# 310380 1-866-472-6673 ext. 149

Southwest Wichita

940 N Derby $83,250 MLS# 307980 1-866-472-6673 ext. 170

Southeast Wichita

2226 S Euclid $79,900 MLS# 310062 1-866-474-5699 ext. 169

Park City

6121 N Judson $79,900 MLS# 311182 1-866-474-5699 ext. 162

South Wichita

1523 W 17th St N $74,900 MLS# 309778 1-866-474-5699 ext. 119 3 Bed 2 Bath City Lot Well maintained with over 1,200 SQFT of living space. Spacious living room, updated kitchen, tile floors, privacy fenced yard and mature trees. Great for 1st time home buyer!

Southwest Wichita

2303 W Greenfield $74,900 MLS# 308594 1-866-472-6673 x 125 2 Bed 1 Bath 2 Car-Garage City Lot Updated home with neutral decor and hardwood floors. Kitchen/dining combo with tile floors and back splash. Large fenced yard and covered deck. Office added to garage.

Advertise Your Home Here!

684-0000

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28

1421 E 31st St S $79,500 MLS# 310109 1-866-474-5699 ext. 170 3 Bed 1.5 Bath 2 Car-Garage City Lot Home on large corner lot with brick exterior. Has fireplace, built ins, new carpet, paint, driveway and HVAC. Also has shed, workshop/sun room and fenced yard.

3 Bath 1 Bath 1 Car-Garage City Lot Home has fresh paint, open floor plan, wood laminate floors, and formal dining room, and updated kitchen. Outside has 16x24 workshop w/finished room and two patios. West Wichita

6301 N West Parkview $79,900 MLS# 308595 1-866-474-5699 x 105 3 Bed 1 Bath City Lot Over 1,400 SQFT home with new roof, siding, window, doors and updated HVAC. Neutral décor, formal dining, wood burning fireplace, and french doors to patio.

4 Bed 2 Bath 2 Car-Garage City Lot Bi-level home has remodeled kitchen and appliances stay. Outside you will find a privacy fenced yard and large raised wood deck with mature trees. Park City

1724 S Clifton $89,500 MLS# 310762 1-866-474-5699 ext. 178 2 Bed 1 Bath 1 Car-Garage City Lot Home has newer roof, windows, wood blinds and dishwasher. Kitchen and bath have been updated. Outside is a covered patio, large fenced yard and mature trees.

3 Bed 1 Bath City Lot Well maintained home with hardwood floors. There are also new windows, hot water system, and updated heat/AC. Yard is fenced with patio and storage shed. Southwest Wichita

9710 W Yosemite $89,500 MLS# 311227 1-866-47-6673 ext. 148 3 Bed 2 Bath 2 Car-Garage City Lot Home has new siding and exterior paint. Vaulted ceilings, open floor plan, wood laminate floors, finished basement, fireplace, new deck, wood fenced yard large trees.

3 Bed 2 Bath 2 Car-Garage 1.29 Acres Home has new light fixtures, carpet, and ceramic tile. Kitchen has eating bar and oak cabinets. Outside find a storm shelter, barn, lean to, cattle fencing, dog run, and shed. Derby

710 S Longfellow $99,500 MLS# 309172 1-866-474-5699 x 155 4 Bed 2 Bath 1 Car-Garage City Lot Over 1,150 SQFT in this home. New exterior paint, carpet, vinyl windows, and hot water heater. Updated kitchen, finished basement, patio with pergola and privacy fenced yard.

3 Bed 3 Bath 2 Car-Garage City Lot Home has wood burning fireplace, eating bar, pantry, formal dining, master bath, partially finished basement w/family room and bath, patio, and fenced yard. Southwest Wichita

5919 E Pembrook $99,900 MLS# 310440 1-866-474-5699 ext. 108

To schedule a showing call 316-684-0000


East Wichita

East Wichita

347 N Oliver $74,900 MLS# 311217 1-866-472-6673 ext. 195

2 Bed 2 Bath 1 Car-Garage City Lot Two decks, one is covered. Formal dining room, hardwood floors, two fireplaces, finished basement, large family room, privacy fenced yard with nice landscaping.

2 Bed 1 Bath City Lot Well maintained home with updated fixtures, fireplace, formal dining, wood laminate floors, appliances stay. Fenced yard, shed, covered deck and patio. Southeast Wichita

Mount Hope

1937 S Ida $69,900 MLS# 263306 1-866-472-6673 ext. 118 4 Bed 2 Bath 1 Car-Carport City Lot Neutral decor with new carpet and paint in this over 1,500 SQFT home. Roof and guttering are also new. Large fenced backyard for pets or for children to play!

Southeast Wichita

East Wichita

2314 S Almeda $69,900 MLS# 308882 1-866-472-6673 x 136

Southeast Wichita

612 N Custer $64,900 MLS# 309031 1-866-472-6673 ext. 157

2 Bed 1 Bath 1 Car-Garage City Lot Large dining room, new hot water heater, covered front and back patios, and privacy fenced yard. Kitchen has tile back splash and updated fixtures. Northwest Wichita

3 Bed 1 Bath 1 Car-Garage City Lot Fresh paint, new carpet and tile, new roof, new AC, new hot water heater, new counter tops, new wood laminate floors, fenced yard & covered deck. Close to Newman and Friends. Southeast Wichita

2855 S Pattie $60,000 MLS# 300832 1-866-472-6673 x 189

East Wichita

452 N Dodge $60,000 MLS# 305616 1-866-472-6673 x 137

822 S Christine $60,000 MLS# 304937 1-866-474-5699 x 145 4 Bed 2 Bath 1 Car-Garage City Lot Fantastic investment opportunity! Over 1,100 SQFT in this home Built in shelving and plenty of natural light. Large fenced yard with deck and mature trees.

South Wichita

2 Bed 1 Bath 1 Car-Garage City Lot Fresh exterior and interior paint. Fully remodeled kitchen with new couter tops, ceramic tile floors, cabinets, fixtures sink and pantry. Southeast Wichita

1952 N Hood $64,900 MLS# 310185 1-866-472-6673 ext. 115 2 Bed 1 Bath 2 Car-Garage City Lot Cute home with brick exterior, covered patios, new roof, appliances stay, security system, built in desk, formal dining, hardwood floors and fenced yard.

2 Bed 1 Bath 1 Car-Garage City Lot New carpet, completely remodeled kitchen to include all appliances, storage shed and fenced yard with this 907 SQFT home.

West Wichita

1317 E Fortuna $64,900 MLS# 306930 1-866-472-6673 x 161

20K - 75K

1717 S Cypress #414 $64,900 MLS# 259156

1312 N Glendale $65,000 MLS# 306090 1-866-472-6673 x 155 3 Bed 1 Bath 1 Car-Garage City Lot Home has fresh paint, new light fixtures, and hardwood floors. Kitchen has new cabinets and counter tops. Privacy fenced yard, patio, and two storage sheds.

2 Bed 2 Bath Condo Updated condo with newer windows, hot water heater, and garage door. Neutral décor, remodeled kitchen, updated bathroom, and french doors leading to new back patio. Mid-Town Wichita

321 W Main $69,900 MLS# 308987 1-866-474-5699 ext. 149 2 Bed 1 Bath 1 Car-Garage City Lot Newer windows and garage doors, wood floors, updated bathroom and kitchen with new cabinets, eating bar, tile back splash, new back patio and mature trees.

3 Bed 1 Bath 1 Car-Garage City Lot Well maintained 900+ SQFT home with brick exterior. Updated, neutral décor, wood laminate and tile floors. Fenced yard with wood deck, storage shed and mature trees. East Wichita

616 N Dellrose $71,000 MLS# 307064 1-866-472-6673 ext. 188

1928 S Water $59,900 MLS# 303614 1-866-474-5699 x 136 2 Bed 1 Bath City Lot Fresh paint, new wood laminate flooring, carpeting, light fixtures, roof and siding. New kitchen to include cabinets, flooring and all new appliances.

2920 E Clover $59,900 MLS# 308471 1-866-474-5699 x 130

CASH FOR YOUR HOME,

2 Bed 1 Bath 1 Car-Garage City Lot Neutral décor, new carpet, kitchen with pantry, wood laminate floors, appliances and washer and dryer stay. Large fenced yard, mature trees with storage shed.

We’ll Take Over Your Payments!

640-SOLD www.kshomebuyer.com

Licensed Agent of Select Homes

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To schedule a showing call 316-684-0000

29


Southeast Wichita

2119 S Green Acres $59,900 MLS# 308967 1-866-474-5699 ext. 148

East Wichita

3 Bed 1 Bath 1 Car-Garage City Lot New carpet, laminate floors, stone counters, stone shower, vanity, hardware, light fixtures and all appliances stay. Includes fenced yard and patio. West Wichita

224 S Illinois $57,500 MLS# 310681 1-866-472-6673 ext. 173

2 Bed 1Bath 1 Car-Garage City Lot Fresh paint, neutral décor, hardwood floors, new appliances and spacious privacy fenced yard with mature trees.

North Wichita

3 Bed 2 Bath City Lot Close to shopping and Kellogg. Covered front porch, tile floors, tile back splash, formal dining, built ins, master bath, wood floors beneath carpet, fenced yard and wood deck.

20K -75K

Southeast Wichita

931 S Vassar $55,000 MLS# 304388 1-866-474-5699 x 131

5544 S Gold #300 $54,900 MLS# 309680

East Wichita

5020 W 2nd St N $49,900 MLS# 308549 1-866-474-5699 ext. 159

Southwest Wichita

110 W Indianapolis $34,900 MLS# 305729 1-866-474-5699 ext. 134

East Wichtia

1622 E Elmonte $32,500 MLS# 307749 1-866-472-6673 ext. 167 2 Bed 1 Bath City Lot Well maintained twin home. Move in ready, corner lot, near major employers, spacious living room, new roof and yard is privacy fenced.

30

632 N Oliver $49,900 MLS# 311228 1-866-474-5699 ext. 185 2 Bed 1 Bath 1 Car-Garage City Lot Home has renovated basement, new roof, heat, AC, carpet, paint, tile floors, appliance stay, formal dining room, large fenced yard and mature trees.

Southeast Wichita

2 Bed 1 Bath City Lot Very well maintained home with 942 SQFT. Includes a large covered front porch and storage area. Great for a first time home buyer or investor.

South Wichita

2570 S Mosely $54,900 MLS# 309687 1-866-474-5699 ext. x156 2 Bed 1 Bath 1 Car-Garage City Lot Home has new roof, carpet, windows, cabinets, dishwasher, fencing, vinyl siding, and cedar closet. Storage shed, 2 car detached garage and lot to north included.

1 Bed 1 Bath 2+Car-Garage City Lot Wood laminate floors, neutral décor, open living room, tile back splash, fenced yard, two sheds and oversized two car garage.

South Wichita

1129 N Oliver $54,900 MLS# 308870 1-866-474-5699 ext. 101 2 Bed 1 Bath City Lot Newly renovated home with fresh paint, new carpet, new floors, new walls, new counter tops, new cabinets and wood privacy fenced yard.

2 Bed 1.5 Bath 1 Car-Garage Condo Bi-level Condo with open living room, tile floors, eating bar, wood laminate floors, fireplace, covered patio, deck and great views of community lake. North Wichita

2053 N Market $56,000 MLS# 308587 1-866-472-6673 ext. 154 1,565 SQFT - Unit 1 on main level: 2 Bed, 1 Bath, New carpet, cabinets and wood floors. Unit 2 upper level: 1 Bed, 1Bath, Separate Single Family House: 1 Bed, 1 Bath 324 SQFT

3 Bed 1 Bath City Lot Home has just over 1,000 SQFT which is perfect for the first time home buyer! Neutral decor, hardwood floors, large privacy fenced yard, storage shed and mature trees. Southwest Wichita

817 S Royal $59,900 MLS# 309294 1-866-472-6673 ext. 101

4222 S Englewood $34,900 MLS# 308375 1-866-472-6673 ext. 174 4 Bed 1 Bath 1.5 Car-Garage City Lot 1.5 car garage has workshop. Home also has fenced yard, mature trees, office and spacious living room.

East Wichita

1630 N Estelle $24,900 MLS# 308507 1-866-474-5699 ext. 132 2 Bed 1 Bath City Lot New roof, new windows, new siding, decorative fireplace, family room, partially fenced yard and wheelchair accessible. Great for investors!

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pfbcfptlon is really

QE

pfbcfptlon Sometimes what we perceive isn’t the whole picture....

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September 2010 Issue - Homes for sale magazine

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