The State of the Market for Buyers in Kansas City Missouri

Is it still a buyer’s market today in Kansas City? As experts in the Kansas City real estate market, we get asked this question a lot.

The answer isn’t as simple as yes or no.

The State of the Market for Buyers in Kansas City Missouri

First off, it really depends on the property type and location.

Single family homes in great neighborhoods are selling like hot cakes. They will have multiple offers on them in the first week, often over asking. But other neighborhoods remain pretty stagnant, not generating much activity.

Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.

But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Kansas City, but seem to be rebounding as the rental market increases.

Investment properties are in demand. As prices continue to increase, the amount of investment buyers, both international and local, continues to increase. Here in the midwest, the rental yield is much better than in the expensive coastal markets, and this, along with overall cheaper cost of housing, has led to a surge of investment capital into midwest markets.

Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.

Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.

Financing is still a major obstacle for buyers. Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.

Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.

Sound confusing? It is. But We Can Help.

There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.

We’re investing in Kansas City because we believe in the community and the people here.

If you need to sell a property near Kansas City, we can help you.

We buy properties like yours from people who need to sell fast.

Give us a call anytime 816-800-9238 or fill out the form 
over here today if you’re looking to sell a Kansas City house fast!

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