Checking The Pulse Of The Kansas City Real Estate Market

It’s amazing that during the seller’s market we experienced for many years, home buyers would rarely complain about the prices they were paying for homes. But now, during a buyer’s market, when Kansas City home buyers can buy a much larger home at a much cheaper price than they could have 5 or 10 years ago, they simply aren’t buying. Though moving cautiously is understandable given the shaky real estate market, there has never been a better time to buy a home.

Home buyers don’t just have to consider foreclosure homes to find a great deal either. There are MANY home sellers out there who have taken great care of their homes but who need to sell their homes immediately. They are willing to lose money to make it happen and I’ve seen many homes in excellent condition be as good a deal as some of the foreclosure listings available in today’s real estate market. The fall in the housing market has brought us back in line with where history says our housing prices should be. So if history is any indication, now could be the best time ever to buy a home.

When you add in that 30 year fixed rate mortgages are at historical lows, home buyers can get both a GREAT deal on a home and a GREAT low mortgage payment. If you’re a first time home buyer who didn’t lose any money in the real estate downturn, you could greatly benefit from today’s market. Even if you currently own a home, by moving up in today’s market the net effect on your real estate investment could be favorable by buying a larger home in today’s down real estate market. In today’s buyer’s market, home buyers in Kansas City, Johnson County Kansas, Overland Park and the surrounding areas have great negotiating power and there are great deals to be found across virtually all price ranges.

Posted by Jason Brown