Checking The Pulse Of The Kansas City Real Estate Market

Once a “looker” makes the decision to become a “buyer”, I enjoy guiding them through the process and working to make the experience as enjoyable, predictable and profitable as possible. But simply making the decision to start the process paralyzes many home buyers and leaves them on the fence. It’s understandable that a down market can do that. But if you’re one of the “lookers” out there questioning whether the time is right to buy a home in Johnson County Kansas, I encourage you to consider the following seven factors.

The first factor to consider is that home affordability in Johnson County Kansas  is higher than it’s been in more than 30 years. The second factor to consider is that mortgage rates have dropped a full percent, which means you can afford a home worth $25,000 more than you could afford a year ago. A third factor is the multiple reports circulating that home prices have stabilized nationally and in most areas have begun to increase. A fourth factor to consider is the huge motivation Johnson County home sellers are faced with due to the unprecedented volume of homes currently for sale.

The fifth factor to consider is financing is readily available for buyers with a 5% down payment and a 640+ credit score.  The sixth reason for buying a Johnson County Kansas home this fall is because mortgage payments compared to average rentals rates have become more favorable towards owning than they’ve been in nearly a quarter century. The seventh reason to buy a home is because, well, it’s your home. There’s nothing like the pride of homeownership. Though most homeowners will complain about having to mow the lawn, once the job is done nearly every one of them stops to look back with pride at the lawn they own. Check out the full 10 page report by clicking the image above.

Posted by Jason A. Brown