Quick Tips for First Time Home Buyers

Buying your first home is a big deal! It's an exciting time but it comes with major responsibility. From getting pre-approved to searching for your home to making an offer, these steps may seem overwhelming for a first time buyer. As your experienced team of real estate agents in Eldon, MO, we know how important it is to feel confident as you move through the buying process. We specialize in helping first time buyers find their starter homes for sale near Eldon, MO. Take a look below for some quick tips all first time home buyers should know!

Start Saving Right Away

There are costs associated with buying a home. A down payment, escrow funds, and new furniture are just a few of the new costs you may incur during the buying process. Ensure you have enough money set aside before you start. It's best to be ahead of the game!

Find the Right Mortgage

Meet with a mortgage professional during the home buying process. It's a key step in becoming a homeowner. There are a number of mortgage options available and a professional can help you find the right mortgage type for your unique situation.

Get Pre-Approved

A pre-approval letter from your lender can help you in your search for your first home. This letter lets you and your real estate agent know what price you can afford in a home. The letter can also let a home seller know that you are a serious buyer when it comes time to make an offer on your dream home.

Keep Your Credit in Check

Once you've been pre-approved for your mortgage, it's important to keep your credit in check. Don't make any changes that may impact your credit. Avoid any major purchase or taking out a new line of credit, while your current credit situation is under review as you buy a home. This can be detrimental to your home purchase.

Find the Right Agent

The right real estate agent is key to finding the perfect first home. A local agent who knows the area is a great place to start. It's also important that you click well with the agent you choose - you will be spending some very important time with one another.

Start Your Home Search

Now for the fun part! Your agent can help steer you in the right direction when it comes to starting your home search. The first factor is your budget. It's important to restrict your search to your price range - you don't want to fall in love with a home you simply cannot afford.

Budget for Extra Expenses

There are a number of unexpected expenses that go hand in hand with buying a home. Sewer, water, and trash are typically included in rent -therefore it may be unexpected for a new homeowner. If your home isn't furnished, you may need to buy some or all household furniture as you move in. Another big expense that may not be included in the sale of your home is appliances. Keep these expenses in mind as you make your home purchase.

Now that you have these tips under your belt, you're ready to jump right in! If you're eager to buy your first home, contact Devine & Associates today. We can help you through the entire buying process and we're here to help answer any of your questions along the way.

Where Your Best Interests and Our Best Efforts Meet!

                                                                                                                                                                      (573) 392-9900
203 E. 10th St., Eldon, MO 65026
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