First Time Home Buyer - Northern Kentucky
As a REALTOR that represents a large number of first time home buyers in Northern Kentucky (Boone, Kenton, and Campbell counties), I have created several suggestions to help make the process much easier. The list is a constant work in progress and will lengthen as new insights come to me to help out the first time buyers in NKY.
Tips for first time home buyers:If you plan to make your parents a part of the decision making process, they need to attend ALL showings so they can help you compare the good homes with the bad.Did you know you can make a wedding registry where friends and family can donate money toward your down payment? Forget the blender and monogram drinking glasses and have those who shower you with gifts help buy your house.Many FTHB move within 5 years after they get a promotion and income goes up. When you're looking to buy your first home, also consider location and style of property in case you would like to rent the house as an income property when you move. This will help make your mortgage payment for your next home.Since most FTHB move within 5-7 years, consider how easy the home will be to sell when that time comes. Be careful trying to negotiate price on an easy to sell property, you could lose out trying to low-ball or get a great deal. If the home is worth it and resale is good, don't be afraid to pay fair market value.