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Are You a First-Time Home Buyer in Kansas City?

Buying the right home in Kansas City might feel like a daunting challenge. We have all the information that you need to make the best decision right here.

Are you searching for your first home in KC? You need to know the answer to things like “how do you buy a house?” “how long does it take to buy a house?” and so much more.

As a first-time home buyer in Kansas City, it’s essential that you understand the steps to becoming a homeowner before you get yourself invested in the process. Then, when you’re ready, we’re ready to help you purchase your home!

How Long Does It Take To Buy A House?

The amount of time it takes to buy a home is going to largely depend on things like the willingness of the seller to work with you.

There are a number of different steps that you’re going to have to take, each requiring a different amount of time to complete.

If you are getting an FHA purchase loan, for example, this loan can take around 61 days to close, and that’s not taking into account anything that comes before it. If you’re relocating to Kansas City, make sure to get started ASAP! All in all, you need to leave at least a couple of months, if not a year, in order to get the perfect home.

How Do You Buy a House?

Before you can even think about buying a house, you’re going to need to decide whether you are actually ready to do so.

Once you know the answer to this question, you will then need to work out how much you can afford to spend on the home.

Check your credit, look into homeowner’s insurance and private mortgage insurance and think about the types of mortgage payments you are going to need to make.

Save up for your down payment and the closing costs before you do anything else so that you are in the best possible position.

Then, you will need to get pre-approved by a licensed lender. If you are already pre-approved, then we suggest you shop around to attempt to find better interest rates.

Once you have done this, you are going to need to find a real estate agent who will be able to guide you through the buying process.

Ready to Start Looking for Homes?

Your real estate agent will then help you to begin the house hunting part of the process. When you find the house of your dreams, you can then make an offer.

From there, you need to get a home inspection and appraisal to make sure it’s in good condition and that you aren’t going to be spending too much on a home that isn’t worth it.

If there are any repairs that need attention, ask the current owner to complete these before you move in.

It’s not fair to pay top dollar for a home you then need to fix up. As soon as everything is sorted, you can go through the closing process on the new home that you have chosen for yourself.

Questions You Need To Ask When Buying A House

This white question mark symbolizes the questions you need to ask your real estate agent.


Why are they selling?

It is important to ask why the seller is leaving. This will give you an idea of how much you can negotiate when you decide if you want the house.

Having this understanding will aid you because a seller who needs to move out of the home quickly is more willing to compromise and work with you.

How’s the Roof?

You’ll also want to inquire how old the roof is. It could be a headache for you later on if you do not ask this and the roof is not in good condition.

Spending thousands on a new roof shortly after you move into the home is not ideal, and in some cases, your mortgage lender may even require that this is fixed before your home loan is approved.

If there is no information about this on the listing, either you or your real estate agent will need to inquire about the state of the roof.

What’s the Neighborhood Like?

You also want to know what the neighbors are like. While it might not be an important consideration for some people, it will be for others.

Until you are fully moved in you won’t know for sure, but asking the current occupier will give you a good idea.

For example, if you want to live in a quiet neighborhood, noisy neighbors are not going to be ideal. If you like to keep to yourself, a close-knit community where everyone knows everyone might not be what you are looking for.

When Is the Best Time to Buy a House?

On average, when looking to buy a house in Kansas City, January is when the listing prices are at their lowest.

You are looking at an average of 8.3% lower in January than in any other month throughout the year. If a mortgage rate is what you are looking for, then December is going to be your best bet with an average of 2.93% interest on a 30-year mortgage.

Of course, if you are planning to buy outright, then this isn’t going to be a huge concern for you, but this is not the case for most first-time home buyers.

Ideally, the best time to purchase a home in Kansas City is going to be from February to March, just as the winter season is finishing up. You should be able to get a fantastic price on whatever home you choose if you get a February closing date.

You should now know how you can buy your first home in Kansas City. As a first-time homebuyer, all of this might feel quite daunting, but it’s just a case of getting through the process.

The more you know, the simpler it should be, and now that you have the information you need, everything will go smoothly for you.

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