Traditionally, this is not one of the busier times of the year for buying a home, but the historically low interest rates are really driving movement in the KC market. The thing to keep in mind if you’re interested in taking advantage of these great rates is that you should be prepared to act quickly when you find a home you love. Even though this is considered a buyer’s market, the inventory throughout Kansas City is a little low, so when you find a home you want to buy, there’s a fair chance it’s going to go fast. In fact, in the past month I had two listings in Olathe that sold this way – the first in 4 days, the second in 9 days.
That said, don’t let this intimidate you. With the rates the way they are, you can likely save some on your buying budget or get a little more house for your money than you might have expected. If you are ready, it really is a great time to buy.
Check out these happy first-time homebuyers at the closing table. Congrats to Nick and Rachel who just closed on their first home in Independence last week!
Give me a call if you want to learn more at (913) 980-2434. If you want to speak with someone specifically about mortgage rates and lending, I’d recommend my friend Lauren North with Plaza Mortgage HomeServices Lending.