Wichita Real Estate: Residential and Commercial
Eric Henderson

Join My Team!


Experienced or not - We have a proven system for success that rewards everyone. Our unique pay plan and 0 desk fees are unheard of in our industry. Call Eric Henderson for additional rewards that will PAY you to CALL! 316-518-9350. Plug yourself into our proven system for selling and marketing real estate - I guarantee you will be a success if you follow my plan!

Call 316-518-9350 - NATIONWIDE positions available!

Your home for residential and commercial real estate in Kansas

Your Real Estate News


wichita real estate - Yahoo! News Search Results
"30 Under 30" Realtors(R) Represent Future of Real Estate Profession   5/16/2012 9:28 AM
WASHINGTON, DC-- - Today's real estate market is challenging and competitive, but this year's REALTOR® Magazine "30 Under 30" honorees haven't let that deter them. The 2012 class is following ...
Local commercial real estate looking up   5/3/2012 5:48 AM
The clouds are beginning to lift a little on Wichita’s largely stagnant commercial real estate market, with retail growth leading the way.
Wichita City Council to cut street maintenance, plaza renovations instead of bus service   5/15/2012 11:54 AM
Vice Mayor Janet Miller’s 11th-hour cuts to spare the city’s bus system won a split decision Tuesday before the Wichita City Council.
Home ownership will still be relevant, necessary in future   5/16/2012 11:47 AM
Today, Realtors from across the country are gathering on the steps of Capitol Hill to tell members of Congress that home ownership matters – to people, to communities and to America.
Boeing Wichita plant could be tough sell for new businesses   5/13/2012 6:04 AM
A state official said he has had inquiries about Boeing’s Wichita plant, but two site selection executives think the facility will remain vacant for some time.
New office to target smaller tenants   4/27/2012 6:30 AM
Construction will begin next month on Wichita’s first Class A office project in years.
Kiplinger.com ranks Wichita among best cities for cheapskates   5/6/2012 10:15 PM
You know those people who won’t fork over $5 for a River Festival button before partaking of its events? No wonder they’re right at home in one of the top 10 cities for cheapskates.
Warm winter may be a factor as Wichita-area pending home sales level off   5/7/2012 5:24 PM
The uptick in Wichita area home sales is leveling off a bit, and may be directly tied to a balmy winter.
New Hope Church may owe more than $20K   5/8/2012 11:00 PM
Wichita County Tax Office documents show that New Hope Church, pastored by the Rev. Reginald Blow, may owe as much as $20,000 in debts associated with eight properties.
Cheap Sheep’s business grows in hometown   4/17/2012 5:00 AM
Mattress Hub is continuing its rapid expansion, this time at home.


Your Team


Your Agent
A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.

Lender (Appraiser)
A bank is not just a bank. Having the right backer can be extremely important – it is your money we’re talking about after all! Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.

Lawyer
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.

Home Inspector
No home inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for a recommendation.

Contractor
Planning some renovations? You’re not the only one! The home renovation industry is booming, and in some markets, booking a contractor must be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice. 


Your Plan


1.  Find the right representative

Even if you’re not quite ready to buy, your buyer’s agent can be an absolute wealth of information, and can often offer ‘scoops’ on local developments you might not have know about otherwise.  Speak to your agent first and he or she can be helping to guide you right from the start.

2.  Find out what your price range is
Online mortgage calculators are a good place to start, but as you get closer to being ready to buy, there is no substitute for a written mortgage pre-approval.  Just speaking to your lender is an extremely worthwhile venture – this is the only way to really get an in-depth picture of your overall financial picture and to discover exactly what you can reasonably afford to spend on a home (and possibly on renovating).

3.  Find out what your local market looks like
The internet can be incredibly valuable in doing preparatory research.  Start with your agent – he or she can direct you to valuable resources and immediately start e-mailing you real estate listings that may interest you (or at least give you a better idea of what your needs and wants are).

4.  Find out what your true needs and wants are
Compose a needs/wants list that takes into consideration your local market conditions, your price range, and the advice of your real estate agent.

5.  Find your dream home!
Once you’re ready to act, you may be surprised by how quickly you can make a decision.  Armed with your pre-approval, a little market knowledge, and your needs/wants list, call your real estate agent, hit the pavement, and when you see ‘the house’, put in an offer. 

With the right team behind you, it really can be that easy!


Your Calculator


Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

 
Required
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
0.43%of Cost
Annual Property Tax:  $  
1.2%of Cost
Monthly Income:  $
Monthly Debt:  $
Optional
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $

Results
  Receive this Detailed Analysis


Your Monthly Payments
 
Loan Amount:    
Loan Insurance ( %):
Total Loan(Mortgage) Amount:
 
Principal & Interest:    
Homeowners Insurance:    
Property Taxes:    
Condo Fees:    
Monthly Loan Insurance (%):    
Total Monthly Payment:    
 
Income Needed to Qualify for the Mortgage
 
Total Monthly Loan Payment:  
Total Monthly Debt Payment:  
Monthly Loan Insurance (%):  
Qualifying Income of % GDS Ratio:  
Qualifying Income of % TDS Ratio:  
 
What You Can Afford
We are using the % ratio.
Cost of House:  
Down Payment:  
Loan Value:  
Monthly Principal & Interest:  
Monthly Insurance:  
Monthly Property Tax:  
Monthly Condo Fees:  
 
Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)
Monthly Rent: $
  No. of Years you plan on keeping the home:
Annual Rental Increases:   %   Yearly Appreciation on the Home: %
Monthly Renter Insurance: $   Annual Home Maintenance: %
Savings or Investment Rate:   %  


 


What is your primary source for real estate information?


Thanks for visiting Wichita Home Center. For more of your Wichita Real Estate and Home sales needs, please visit our sister site at http://www.wichitahomehunter.com for quick, easy MLS access.
 

 

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