If you are planning to buy or sell a home in 2020, being familiar with the climate of the current real estate market is key.
In an article recently published by The Kansas City Star, Kevin Hardy and Allison Kite detail the true heat of the Kansas City housing market. If you are someone who has bought or sold a house in the last few years, you are all too familiar with this market trend.
While no one knows what the market will do in the upcoming year, there is a strong case that prices will continue to rise. For sellers, this is very beneficial. For buyers, especially first time home buyers, it is important to plan ahead.
As detailed in the article, it is important that buyers are pre-approved not just pre-qualified by a lender before beginning to shop for a property.
Due to low inventory across the metro area, it may be important to plan on making an offer as soon as the same day that you see the property.
Finally, it is important to realize that you may end up paying over asking price for your home. However, interest rates are currently historically low and this is very beneficial to a buyer in the current market.
As always, you should always feel comfortable with the offer that you are making. With the right agent to help you navigate the ups and downs, the home buying/selling experience can be a positive one.
To read the full article, click here.
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