A few years ago, homes were selling fast and for top dollar. Our homes haven't necessarily dropped in value, but prices have stagnated and homes are taking longer to sell. That said, homes in great condition are going fast. There are more foreclosures and distressed sales than before.
Specials are taxes put onto a specific area to pay for infrastructure improvements. The city does the improvements then spreads the cost of those over the area affected. Most frequently you run into these in new subdivisions. The specials are the cost to put in the streets, curb, and street guttering. Each house is assessed a portion of these improvements and taxed to pay for them. The tax remains with the home, so you can sell it and the next buyer inherits the tax. Typical timeframe on these is 10-15 years.... more
I live in Wichita, houses in our subdivision sell as quickly as they are put on the market and we are in the
$115 -$170 range - there are so many jobs here, I haven't heard of anyone having trouble selling and have several friends who have been able to sell their homes within days or a few weeks and buy new ones that they wanted to grab before someone else got them. I think if we put our house up for sale, it would be sold within a few days - things are still very good here - and prices in Wichita for housing have always been extremely reasonable - lots of new homes too - new areas fil up quickly with new buyers... more