The Ultimate Guide for First Time Home Buyers

If you are planning to buy a home for the first time in the near future, you may want to start planning now. Preparing to buy a home at the Lake of the Ozarks early can help to make the process easier. Now is the time to start saving and thinking about what you, as a first time home buyer, should do. To learn some tips on how you can start preparing, take a look below to find some pointers from Devine & Associates Real Estate.


Start Saving for a Down Payment

It's important to save up for the purchase of a home. Even if you aren't required the traditional 20% down, there is usually some upfront costs associated with buying a house. Try to put away a portion of each paycheck to earn enough to get started on your dream of homeownership.

Get Pre-Approved

A mortgage lender can help get you pre-approved for a loan. This can help give you an idea of how much you can afford in a home and also shows your real estate agent what price range to help you find a home. Many times home sellers will be more intrigued by someone who is pre-approved, therefore giving you an advantage in the buying market.

Think About Your Requirements

Before you start your home search, think about what you want in a home. Think about the basics, like bedroom count and the style of home you like, as well as specific features you would like. This list of wants and needs can help you and your real estate agent find a home that best fits your wishes. Write down your list of requirements - this can come in handy if you are torn between two homes during your search.

Calculate All Moving Costs

Many people will think about the downpayment, but not think ahead to other costs associated with moving. From buying new appliances and furniture to hiring a moving company, think ahead about all the expenses that will be required when you buy a home.

Hire the Right Agent

The right real estate agent can make all the difference in your home buying experience. Find an agent that has experience with first-time buyers, if possible. It's important that your agent is good at explaining the process to you throughout your buying experience. Lastly, make sure you and your agent get along. You will likely be spending some time with this person looking at properties and you want to ensure your personalities click.

Take Your Time

When finding the perfect first home for you and your family, don't rush the process. Prepare to spend enough time to find the right space for you to own - after all it will be your first home! Don't feel rushed to settle on a property - take your time and find the perfect house for your wants and needs.

Act Fast

When you do find the right home, act fast. With a number of eager buyers on the market, many properties are selling quickly. If you want to put an offer in on a home, you will need to make that decision in a timely manner to help your offer be seen before other potential offers.

Make A Strong Offer

A solid offer on a home will likely be accepted or countered. If you offer something too low, in the seller's opinion, they may not be willing to negotiate with you. Your real estate agent can help you come up with an offer that will both help you get the home for the best price possible and a price the seller is comfortable with.

Are you ready to start preparing to buy your first home? Give our expert real estate agents in Eldon, MO a call today! We can help you get started on the home buying journey. Stop by our new location to visit with an experienced agent about your wants and needs in a first home. We'd be happy to help you through the real estate process and get familiar with our current listings that may fit your requirements! We look forward to helping you find the perfect first home for you and your family.



Where Your Best Interests and Our Best Efforts Meet!

                                                                                                                                                                             (573) 392-9900
203 E. 10th St., Eldon, MO 65026
(573) 207-8407
213 N. Main St., Laurie, MO 65037
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Location: Eldon, MO 65026, USA

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