Industry experts forecast an exciting year for the real estate market nationwide. According to them, the market in general is going to be much more dynamic, with more folks moving to sell homes, and more buyers snatching these “for sale” properties almost as quickly as they come on the market.
This means it’s going to be even more competitive, and there are concerns that this will drive up interest rates. As a buyer looking for a property to invest in and move your family to, you should heed these helpful tips to make the most out of this opportunity.
Hire a Professional
If you want to keep up with all the action that’s going on in the Kansas City real estate market, hire an exclusive buyer’s agent. This kind of professional will only be focused on your needs as a buyer.
You can think of it as their specialization of sorts; what’s important is that they know the best practices to apply to ensure you get the best deal possible.
An exclusive buyer’s agent will help you plot your finances and budget for the purchase. This should not only help you have a clear projection of your anticipated expenses, but also work well to manage your expectations. Knowing how much you can afford helps filter the choices almost immediately.
They will also represent you in transactions and negotiations, working to secure your purchase until you finally sign on the dotted line. Because the real estate market today is fast-paced, it only makes sense for you to get someone who’s also going to be just as dynamic and aggressive, like T.J. Lambe Real Estate.
Take On Site Visits Seriously
Make that gaudy wallpaper plastered on the wall the least of your concerns. This is a minor issue you can address once you actually own the house. What you should be more concerned with are the hidden defects or issues with the structure.
This is why it’s advisable to bring a third-party home inspector with you on a second or third look at a home to give a thorough check of the structure. Cracked foundations, potential plumbing issues, mold, and other problems can give you some wiggle room to negotiate the asking price. More importantly, it helps you anticipate how much work you’ll need to put in should you push through with the purchase.
Expect the seller to dress up the property to make it as attractive as possible. Look beyond what is presented and take the time to look for possible defects. It would also be good if you can visualize the layout you prefer to have once you move in.
Check the Location
Visit the neighborhood more than just once. Potential buyers usually just get a view of the neighborhood during the open house or on-site inspection. If you’re keen on buying the property, you have to make sure the neighborhood meets your needs too.
Drive around the neighborhood at different times of the day to get an overview of what it’s going to be like for you and your family if you do push forward with the move. Assess the distance of the property from other areas of interest, such as schools, hospitals, police stations and more.
If you came for the on site viewing in the morning, for example, come back later in the day and observe what the neighborhood is like during that time. You may find the property strikes you a different way, or perhaps the neighborhood elicits a different vibe come nighttime. If you’re moving with your family, this could prove to be essential for you especially when determining the safety of the location.
If you’re on the lookout for a home for sale in Kansas City, a real estate agency offering exclusive buyer’s agent services, such as T.J. Lamb Real Estate will prove to be helpful. Call us today for a no-obligation consultation to learn more about our services. 816-224-4393.