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Old 05-30-2016, 03:33 PM
 
9 posts, read 7,670 times
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First time home buyer. I plan to buy during Sept-Oct. My preferred budget is under $200K, but if it will get me a significantly better house, I am willing to spend up to $275K. I can afford the mortgage payment, but I would just need a few more months to save for the down payment. Are there any advantages or disadvantages to waiting until Jan-Feb to buy?

I'm looking for a house on the Kansas side. Olathe looks the most promising in terms of location, type of house I want, being close to work, etc. But I'm happy to take other suggestions!
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Old 05-30-2016, 06:40 PM
 
257 posts, read 199,361 times
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The market is crazy right now, so waiting until September/Octobef is a good idea. I would be prepared to look for several months, especially if inventory stays as limited as it is. Staying under 200k, even in Olathe, may be tough. So, I would mentally prepare yourself to pay more if you want a SFH.
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Old 05-31-2016, 07:44 PM
 
Location: Kansas City
25 posts, read 15,185 times
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The housing market is so crazy right now! Many reports are showing it may stay this way the rest of the year. Typically, after school starts, the market slows down. Right now, home owners are getting top dollar for their homes. Many are under contract, with multiple offers, in less than 24 hours after being listed. This makes it tough for buyers! Be prepared to look for awhile, since the inventory is so low. Overland Park has some nice housing areas in your price range, along with good schools. Depending on the area, could be Olathe Schools, Shawnee Mission or Blue Valley Schools. You may want to look at the Desoto Schools Area. Olathe is where I call home and have children attending school in the Olathe School District. January or February is always a good time to look, a lot of times you can get a good price on a home, since there are not as many buyers that time of the year.
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Old 06-04-2016, 02:15 PM
 
Location: Kansas City North
3,624 posts, read 6,756,846 times
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In "normal" real estate, there is less inventory in December/January, but the people who have their homes on the market are serious sellers and it's possible to get a better deal then. If that will be true this year, who knows? Houses are flying off the shelves in my subdivision. We just had two homes come on the market this week, will be interesting to see how long it takes to sell.
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Old 06-06-2016, 07:40 PM
 
9 posts, read 7,670 times
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Thanks for the replies, everyone! Really great input.
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Old 09-19-2016, 02:05 PM
 
15 posts, read 9,154 times
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I am a realtor in the KC metro area and I realize I am a couple months behind in replying to this thread so you very well might have determined your timing already, but winter does tend to slow down so there are advantages to buying in the Nov-Feb time frame (although a disadvantage is literally having to move in the cold). You are looking to buy in the hot area and hot budget. But there are definitely good options out there! Please let me know if you have any questions, I am happy to help!

Amy Wilds
913-730-0889
www.kcisourcity.com
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