Strategic Tips for Buying Your First Home

Purchasing your first home is a significant, exciting step and a major milestone that can improve your life. Are you hoping to become a first-time homebuyer in the Kansas City area? While there are hurdles to overcome in the current local housing market, the Just Say Home real estate team can help you make this dream come true. These qualified and experienced real estate agents can help you navigate the limited supply of homes for sale and ongoing affordability challenges.

If you're ready to buy your first KC home, here are three tips to help you achieve your dream.

Save Money with First-Time Homebuyer Programs                                  

Having to pay the initial costs of homeownership, like down payment and closing costs, can be daunting. The good news? There are numerous assistance programs for first-time homebuyers that can help you get a loan with little or no money upfront. According to Bankrate:

". . . you might qualify for a first-time homebuyer loan or assistance. First-time buyer loans typically have more flexible requirements, such as a lower down payment and credit score. Many help buyers with closing costs and the down payment through grants and low-interest loans."

Want to learn more about these programs? Contact the Kansas City Housing Authority, check out websites like Down Payment Resource, or work with a Just Say Home expert to find the perfect program for you.

Expand Your Options by Looking at KC Condos and Townhomes

Today's Kansas City housing market doesn't have enough listed homes to meet the current buyer demand, causing an increase in KC home prices and making affordability tight for potential buyers. One way to work around this issue and find a home quickly is to consider condos and townhomes. explains:

"For many newbies, it might just be a matter of making a shift toward something they can better afford—like a condo or townhome. These lower-cost homes have historically been a stepping stone for buyers looking for a less expensive alternative to a single-family home."

Condos and townhomes in the Kansas City area are more affordable due to their smaller size, giving you the opportunity to get your foot in the door, achieve your goal of owning a home, and build home equity. If you need more space in the future, this equity boost can help fuel your move into a larger home. Hannah Jones, Senior Economic Analyst at, says:

"Condos can help prospective homebuyers who perhaps have a smaller budget, but who are really determined to get a foothold in the market and start to accumulate some equity. It can be a really great entry point."

Pool Your Resources To Buy a Multi-Generational Home

Yet another way to break into the KC housing market is by purchasing a home with friends or loved ones. Splitting the cost of things like the mortgage and bills makes it easier to afford a home. According to

"Buying a home with another person has some obvious advantages in the mortgage department. With two incomes in the mix, buyers can likely qualify for a larger mortgage — a big help in today's high-cost market."

Bottom Line

Are you looking to buy your first home in the Kansas City area? While there are challenges in the current KC housing market, this dream is still attainable. The Just Say Home real estate experts can help you navigate these housing hurdles and explore options such as first-time homebuyer assistance, condos, townhomes, and multi-generational living. The JSH Team is committed to making your first homebuying experience easy, enjoyable, and successful.

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