Top 10 Tips To Buying Your First Home

Top 10 Tips to Buying Your First Home

Buying a home for the first time can be stressful... but with the right pre-frame and the right support it can be one of the most joyful experiences of your life!

Setting your goals, making a list of things you WANT and NEED in your home and working with a knowledgeable Agent to help guide you can definitely streamline the process.

When you are planning to buy Real Estate in a city like St. Louis, one of the largest urban areas in Missouri, you have to keep both your eyes and ears open. There has been a steady increase in supply and demand over the last several years, the competition between home buyers is triggering bidding wars.

Choosing a competent and experienced realtor will ensure your first-time home buying experience is one to remember.

Before you dive in...

Check out these 10 Tips that can make your experience a memorable one!

1.      Choose a Realtor who always has your best interests in mind.

2.      What kind of home do you want to buy? Real estate in St. Louis offers a large variety of  dwelling options.

3.      Make a list of the features that you are looking for and order them by importance

4.      Consider any personal and financial aspects prior to looking at homes

5.      Be very clear on your financial capabilities. Your mortgage lender can guide you through the pre-approval process and show you any available first time home buyer programs you might be eligible for.

6.      Another financial aspect to consider is maintenance costs. Look forward and avoid homes that will be a money pit. For Example; don’t purchase a home if the roof will need to be replaced in a few short years unless you plan on purchasing a home warranty.

7.      When it comes time for the home inspection… be Ready for anything. This will give you a clear picture of your chosen property and what repairs are needed if any.

8.      Consult with your realtor on the repairs needed to determine if this is the right home for you. Often times, the seller may be willing to negotiate price and terms after the inspection results come back.

9.      Your realtor has extensive experience in getting all the required information about your chosen property including permits and Tax liens if any.

10.  Time is of the essence... Remember, when you find The ONE... make an offer. don’t hesitate in this fast paced market!

I hope the information will help you in buying your first home! If you have any additional questions or need help navigating through the steps, we are here to help! You can reach us at 314-845-3400, Happy New Year!