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The housing market is HOT in KC (if the property is priced right). I don't see the market changing much because there is a shortage of homes for sale. If you are wanting to move up then it will be easier as the higher you go in price the less demand there is.
The housing market in the Kansas City Metro Area is tight, especially in the lower price ranges. If you are looking to move up to a higher price range then now would be the time to take a look to see what is available. If you are thinking of selling contact me so I can save you money on the real estate commission.
Most potential homeowners believe that in order to purchase a home they'll need to come up with at least 20% for the down payment. And with the median price of homes in the US at $240,900, that's a whopping $48,000. For many, coming up with that kind of cash just isn't possible. But while you traditionally needed a substantial down payment in order to secure a loan, today there are plenty of ways to become a homeowner—even if you haven't saved a penny for a down payment. In a recent video, the team at Realtor.com break down a few options available for potential buyers looking to buy a home without a substantial down payment. One option is a mortgage from the US Department of Agriculture's Rural Development office, which provides 0% down payment mortgages to buyers in towns with populations of 10,000 or less (which covers 97% of the US!). Other options include mortgages from credit unions, VA loans, and down payment assistance programs. In addition to the options outlined in the video, nontraditional lending options like FHA loans are also a great way to purchase a home without breaking the bank with a down payment.
If you've been holding back on purchasing a home because you haven't been able to save a substantial down payment, you have options. Give me a call and we'll figure out which no (or low) down payment loan option is right for you.
The housing market is strong for sellers especially for homes under $200,000. Depending on the area and price I am seeing homes with multiple offers within 24 hours of listing. Your home may be worth more than you think. To create your own custom market report with homes sold in the last 6 months click here.
Here is a quick video with first quarter market statistics for the KC Metro area.