First Time Home Buyers

If you're a first-time home buyer in Lexington, KY, there are likely many questions you have about the process. Here are some common questions and answers to help you get started:

1. What are the average home prices in Lexington, KY? The median home price in Lexington, KY is around $292,000, but this can vary depending on the location, size, and condition of the home.
2. What kind of neighborhoods are available in Lexington? Lexington has a variety of neighborhoods, from historic areas with older homes to newer developments with modern amenities. Some popular neighborhoods include with these features include Chevy Chase, Ashland Park, Beaumont and Hartland.
3. What are the steps involved in buying a home? The home-buying process generally involves several steps, including pre-approval for a mortgage, searching for homes, making an offer, getting a home inspection, and closing the sale. It's important to work with a knowledgeable real estate agent who can guide you through the process.
4. What kind of mortgage options are available in Lexington? There are several types of mortgages available in Lexington, including conventional, FHA, and VA loans. It's important to do your research and find the mortgage that best fits your financial situation.
5. What should I consider when choosing a home in Lexington? When choosing a home, it's important to consider factors such as location, size, and condition of the property. You should also think about your budget and what you can afford.
6. What kind of schools are available in Lexington? Lexington has a variety of public and private schools, including several highly-rated public schools. There are also several colleges and universities in the area, including the University of Kentucky.
7. What is the job market like in Lexington? The job market in Lexington is diverse, with opportunities in healthcare, education, technology, and other industries. The city is home to several major employers, including the University of Kentucky, Lexmark, and Toyota.
8. What kind of recreational activities are available in Lexington? There are many recreational activities available in Lexington, including hiking and biking trails, parks, and golf courses. The city is also home to several museums, theaters, and other cultural attractions.

Overall, buying a home in Lexington, Kentucky can be an exciting and rewarding experience. By working with a knowledgeable real estate agent and doing your research, you can find the perfect home in the perfect location for you. Call Rick and Whitney Pannell today! 859-983-8080.