You are correct if you dream that a perfect home in Kansas City is waiting for you in 2023. All you need is to get that engine running to achieve it, regardless of whether you are a first-time buyer or already an owner and want to change the house you have for one that really fits what you want, this is the moment in which you should focus all your efforts to achieve it.

When we look for Kansas City houses to buy, the process does not really begin when we go to a bank and ask if they can give us a loan. On the contrary, you must prepare beforehand and thus guarantee that you will get a positive response, or at least that you will be able to access other sources of financing, thus ensuring that you will end your 2023 having achieved your goal.

With the foresight and the necessary knowledge, you will get the perfect formula to buy Kansas City houses in 2023. To achieve it, we bring you several tips, important data, curious facts and even a safe alternative for you to succeed.

We all know that it is more difficult for Latin communities in the US to become property owner; however, it is possible, and you may even save money in the process. The most important thing is you identify what you should do and take advantage of the opportunities around you. Nor should you let time pass to take action; the real estate market changes quickly in Kansas and throughout the United States, and you must do things slowly but without pause.

Let’s Analyze in Kansas City kansas, Homes for Sale and Prices for 2023

Since the pandemic, we all know that the prices of houses in the United States have risen stratospherically. However, according to experts, House prices are finally coming down. The previous projections were really worrying, but now it has changed; by 2023, they are expected to drop more than expected, which makes next year a good time to ride the wave and seize the moment.

We must focus on the location because this projection will only be equally proportional in some states. We all know that the real estate market does not move in the same way and that it depends on the State and much more on the city we find ourselves in.

Fortunately, Kansas is not among the most expensive states to buy a home, and prices, in general, are expected to decrease by around 5% for the next year, coupled with the decrease that it has had throughout 2022.

Buying a house in Kansas City will be within the average if we talk about the price reduction that will take place next year. This is because of; according to statistics, it is also outside the cities where it will be cheaper to buy a house.

In any case, it is good to keep in mind that, in the long term, houses will tend to appreciate and we are not talking about prices but about their value; so if you have the necessary money to make it possible, it is best to take advantage of the moment and make the investment, since paying rent does not generate any assets, while buying will make it possible.

Whether you are a first-time buyer or want to change your house for a better one, we will leave you with some tips that you could take advantage of and consider.

Tips to Buy a House in Kansas City

You already know that, if what you want is to buy a house in Kansas City, you will need to prepare yourself as soon as possible, the more informed you are, the better, so you can take advantage of the advantages in your favor, or simply be open to possibilities that you had not taken into account before.

According to the Zillow portal, the median value of homes in Kansas City stood at $178K at the end of this year, while the average in the United States is $386K, which makes Kansas City a pretty shopper-friendly city.

A bit of good advice if you want to get financing for the next year is to consider your taxes. Whether you’re employed by a company or even more so if you’re self-employed, make sure you don’t make as many deductions to the IRS this year.

The reason? Financial institutions consider your net income based on your tax return. Surely you will pay more in taxes this year, but it will ensure a higher approved amount.

Another interesting tip is to consider the possibility of buying a house that needs some repairs, especially if you are a first-time buyer and need to save as much as you can.

Homes that aren’t entirely remodeled and perfect cost significantly less. You can dedicate yourself to finding one that meets other more important requirements like location but has a lower price because it needs some repairs and then do it yourself, even little by little.

Now, buying a house that needs repairs does not mean buying a dilapidated one. You must be very careful of the house, it does not need important and expensive repairs, it will only give you headaches. This brings us to the next tip, always request an inspection of any property you buy.

Tips if you are a Seller. Make People want to Buy House in kansas City!

We have already seen some advice for those people who want to buy a house in Kansas City; but what happens when you want to sell your property? Here we will give you some tips if you want to sell your house in Kansas city

The first step to putting your house up for sale is to hire a good real estate agent. Having a real estate agent who has the experience and knows the best tricks to get the best price for the property is vital.

The first real estate agent we contact is only sometimes the right one; having good communication with them is the most important thing. A promising sign that he is the one is that he can answer all the questions you have for him, and always make sure that all your doubts are dispelled before taking the big step.

You must also know how to correctly market your house, take the right photos, and evaluate the property so that you can get the best out of it according to the current market.

Investing a small amount of money in adapting your house before selling it will give you great results. Although each person indeed has particular tastes, it is also true that if the house is liked by most people, you will be able to obtain a higher price for it, in addition to having more offers when putting it up for sale.

A third critical piece of advice is not to have false expectations about your house, many people who have invested money buying things for the house and modifying certain aspects of it think that its value is higher than the real estate market price for these reasons. There are times when this is true, but on other occasions, the value added over the years does not increase the value compared to other properties in the same area.

Loan Options to Buy Home in Kansas City

Probably the most important step in buying a home, not just in Kansas City but anywhere, is financing. Although in the United States, it is easier to obtain a good loan without having to make a large down payment, this is only sometimes the case.

Usually, people opt for conventional loans to buy their homes. These loans are usually divided into two: conforming and non-conforming. Compliant means that the loan amount does not exceed the limits set by the Federal Housing Finance Agency; while non-conforming exceeds this amount.

There are also loans backed by the FHA (Federal Housing Administration). These help those people who need a better credit history or who have problems applying for a conventional loan.

On the other hand, we have credits from the USDA (US Department of Agriculture). With these, people with limited resources are allowed to buy a house in rural areas. To be approved, the house to be purchased must be located within the areas established as rural by this agency.

There are also VA loans for those who belong to the United States Armed Forces, both active duty and veterans. This type of loan is flexible and has an outstanding interest rate.

Other Loan Options to Buy Home in Kansas City

If you are not eligible for any of these previous loans, either because you do not have a good credit score or because you still need the SSN, you can apply with us. At BuyHouseEZ, we can help you with our financing programs.

Just visit our website to find out who we are and what programs are available right now. You can also check the amount that we could approve with our loan and payment calculators according to your monthly income, which even gives you the amount of what you would pay monthly; If it works for you, leave your name, your email and your contact number and one of our Cs Managers will call you to advise you and take you by the hand until you buy the house you want.