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Buying a Home in Kansas City

What to know about buying homes in Kansas City and Kansas City real estate.

Found 19 blog entries about Buying a Home in Kansas City.

What You Should Know About 203k LoansThe 203k loan is made possible by the Federal Housing Administration (FHA) to those who want to improve the state of their home. Leawood homeowners can use it to remodel an unsafe property or upgrade it to make it more modern or otherwise livable. The government backs this loan because there are so many neighborhoods across the country that could use some revitalization. Homeowners can use this special type of mortgage loan to renovate their house when they buy it.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Ideal Applicants

All FHA loans have a minimum credit score of 580, though most lenders are looking for 640 or more. Homeowners are allowed to apply for the

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How Do Property Taxes Work?Property taxes are designed to provide finances to the community the Leavenworth homeowner lives in. Schools, parks, and other shared spaces get the care and attention they deserve when the organizations have the full support of those who live in the neighborhood. But while property owners interests may be aligned with the end goals of property taxes, the fees are a significant enough expense that homeowners need to be prepared. Find out more about how property taxes are calculated, and how homeowners can plan ahead for them both now and in the future.

For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.

Who Decides the Cost of Property Taxes?

While property taxes may

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What You Need to Know About Taxes and Mortgages For Your Vacation HomeThe majority of people who decide to purchase a vacation home are not aware that buying vacation property is different from buying a primary residence. Mortgage considerations and tax implications are different for vacation properties. Knowing the differences between these two types of purchases can help home buyers make good investment decisions. If you're thinking about buying a vacation home, here's what you need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Taxes

Taxes can get complicated for homeowners with second homes or vacation properties. Federal, state, and local laws all come into play for homeowners with a second property.

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Prepared to Buy a Home?Plenty of people still choose to own a home with many interested in becoming first-time homeowners. Before looking at available homes in a desired area, some may be want to know more about a few of the obligations and financial considerations that come with homeownership. Explore some changes and challenges that occur to those taking the plunge from renting to owning a home.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Home Maintenance and Expense

Renters often fail to realize that their rent covers many expenses that a homeowner will need to pay out-of-pocket. Many routine maintenance tasks like AC repair, other repairs and home renovations are

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New Residential Building Technologies for New ConstructionEven though it may take time to adopt technologies in the new construction home industry, new technologies are transforming the landscape of residential construction. From bidding on projects to building, advanced technologies are being used and may serve to address common issues within residential building construction. Explore the latest advances and trends in residential real estate construction.

Sustainable Construction Practices

Values have changed and there are buyers looking for construction companies attuned to the need for more sustainable construction practices. Sustainability encompasses elements such as:

  • Efficiently using resources;
  • Preserving the natural environment; and
  • Promoting culture and social progress.

To

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Condo Living: Benefits and Disadvantages for Home BuyersThe condo market is often appealing to niche buyers. For example, young people who are buying their first home may find condominiums to be an ideal option. Older adults who may not be able to maintain their own home like the independence they enjoy while living in a condo. When it comes to living the condo lifestyle, there are both benefits and disadvantages to consider.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Benefits of Living in a Condo

  • Condo owners enjoy a maintenance-free lifestyle. One of the largest benefits of living in a condo is that the condo home owners association will hire contractors to take care of maintenance, such as
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All About Credit Score and Getting a MortgageA person's credit score can have a big impact on their ability to buy a home. Understanding credit and how it affects the home buying process can help a person who wants to buy a home. If you're thinking about buying a new construction home or a pre-owned home soon, here's what you need to know about your credit score.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is Your Credit Score?

A credit score is a score that falls between 300 and 850. This score is a measure of a person's bill payment history and relative ability to pay bills. Bills paid on time make the credit score go up, while bills paid late can make a credit score go down. There

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The 4 Steps of Buying a HomeFor a first-time home buyer, the entire process can seem daunting. Between loans and down payments and paperwork, where does anyone even start? Fortunately, the buying a home isn’t quite as difficult as it seems, and it can be boiled down into a few key steps. While this isn’t every single part of the home buying process, these are the big events that home buyers will encounter.

For informational purposes only. Always consult with a licensed mortgage professional and real estate agent before proceeding with any real estate transaction.

1. Hire a Reputable Agent

Every home buyer needs an agent. While some people may think it’s optional, the advantages of using an agent far outweigh any advantages of not using an agent. Real estate agents

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All About the Down Payment on a HomeMany renters spend years saving money to buy a home. While it's not necessary to pay all money for a home up front, most people do need to make a sizable down payment in order to secure a loan. Knowing what the down payment is, which loans require a down payment and how to save money for a down payment can help renters be prepared for the home buying process.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Which Loans Require a Down Payment

Most loans require a down payment of some kind. Conventional loans require the biggest down payment, while loans backed by the Federal Housing Administration (FHA loans) require much less. A typical down payment is

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What You Need to Know About Buying a New Construction HomeBuying a new construction home can be a very rewarding experience, but before building can begin, many decisions must be made. If you're a homebuyer who would like to purchase a new construction home, here's what you need to know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Where Will You Build?

Location is critical for ensuring that the homebuyer will be happy in their new home. When selecting a location, home buyers must ask themselves a variety of questions. How close should the neighbors be? How important is it to live close to businesses, healthcare services and entertainment?

Often rural locations have larger plots of land and more

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