Tag Archives: Kansas City First Time Home Buyers

Great Opportunities Exist For First Time Home Buyers In Johnson County Kansas

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The Jason Brown Group

Johnson County Kansas home prices have been on the rise for several years and that trend has continued into 2016. Rising home prices and the stability of the local real estate market in recent years make the Johnson County real estate market a great option for renters looking to make the jump over to home ownership. Owning a home provides the opportunity for equity building as home values rise and when you consider the huge added benefit of the mortgage interest tax deduction that homeowners enjoy, there’s no time like the present to buy a home. 

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Studies have shown that owning a home is 20-40% cheaper than renting. While renting is a fine short term situation in some cases, when it comes to a long term housing solution, renting is a financial sink hole with few benefits. Renters are basically paying their landlords mortgage while helping them build equity. Today’s low interest rates make it easier than ever to get into a home with a very affordable mortgage payment and take control of your own investment. Mortgage interest rates have risen slightly in recent months and while they’re expected to trend up in 2016, they are still at historical lows.

Now is a great time to get off the fence and get into one of today’s low interest rate mortgage loans — such as locking into a 30 year fixed mortgage with no rising payments — and start enjoying the benefits of home ownership. The Jason Brown Group can help you get with a great local lender to get pre-approved and start the home buying process. It’s easy to find out your ability to purchase a home, determine how much home you can afford and start the home search… Contact us today to discuss your options!

View Homes For Sale In Kansas City, Johnson County KS & The Surrounding Area

Posted by Jason Brown

 

Procrastinating Kansas City Home Buyers Could Get Double Naught Of The $8,000 Tax Credit

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Hands On The Heartland
Checking The Pulse Of The Kansas City Real Estate Market


On one hand, I feel like I’m beating this $8,000 tax credit to death. But, on the other hand, I’ve never seen anything like this before. It can’t be overemphasized that all First Time Home Buyers, wishing to put a cool $8,000 back into their cash flow, need to prepare for their home purchase closing by dotting every I and crossing every T.  If you snooze you lose when it comes to this tax credit and that means you’ve asked for it if you wait until the last minute to try and close on a home. I seriously expect that during the last week of November we’ll have more real estate closings than any other week in our country’s history. That will mean lenders and title companies will be operating on overload.

So it’s important that the lender, title company, real estate agents, buyers and sellers work together like never before. If you have a close date scheduled for 11/30/09, I suggest you move it up a week. Seriously. Make it happen at all costs. If your closing gets delayed for a day, at no fault of your own, you are out of luck. You will get nada of the $8,000 tax credit. Nothing, nil, zero, zilch, zipo, aught, double naught (to throw in an old Jethro reference), the big goose egg.

Real estate transactions were already taking much more scrutiny and planning by those involved than they did in previous years. But not being ready to close on time, when the $8000 tax credit is in the fold, will have serious consequences for First Time Home Buyers in Kansas City. I  spoke with one of busiest closers at First American Title In Overland Park Kansas earlier this week and she said they have had more closings pushed back by days or weeks this year than ever before. I asked her if it was the new lending guidelines and she concurred but also added that there have been more last minute resolutions between buyers and sellers (interesting) and delays with appraisals (surprising).

Posted by Jason A. Brown
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