If you’re getting ready to purchase Springfield, MO real estate, don’t make these mistakes.
If you’re buying a home for the first time, there’s no shame in being a rookie. In fact, we’re excited for you! We want to make sure you have an enjoyable home buying experience and we will do everything we can to make sure your Springfield, MO real estate shopping is enjoyable – including providing you this list of first-time home buyer mistakes.
Not Getting Pre-Approved
Getting pre-approved saves both the buyer and the seller a lot of valuable time. To be pre-approved, a lender has to review your information and tell you exactly how much they would be willing to lend you to buy a home. This also helps the buyer figure a budget and price point so they know which homes they can or cannot afford.
Forgetting About All the Hidden Expenses
Accounting for your monthly mortgage payment isn’t all you need to consider when purchasing Springfield, MO real estate. There are a number of other expenses associated with buying a home, including taxes, property repairs, inspection fees, homeowners insurance, maintenance and more. All these things can add up quickly so it’s important to consider them when building your budget.
Not Sticking to a Budget (Or Having One)
If you’re considering buying Springfield, MO real estate, one of the most important things you need to do is create a home buying budget and stick to it. Consult with a financial advisor if needed, and make sure that you’re financially ready to take on any and all expenses that come your way during the home buying process.
Not Being Willing to Compromise
There is a major difference between must-haves and nice-to-haves. One mistake many first-time home buyers make is not being willing to compromise the nice-to-have features. Chances are, you won’t find a home with exactly everything you ever wanted, but there’s always room for renovations!
Not Hiring a Realtor
Another rookie mistake first-time home buyers make is not hiring a realtor. (And we’re not just saying that because we’re a realty company.) A realtor provides invaluable services that can not only save you time, but they can also take care of paperwork, keep the process moving and make sure you don’t miss any important steps along the way.
Not Getting an Inspection
Home inspections aren’t required when buying Springfield, MO real estate but home buyers should always get an inspection before closing the sale. Without an inspection, you could unknowingly buy a home with serious plumbing issues, a faulty heating and cooling system or worse – an ongoing pest issue.
Shop Springfield, Mo Real Estate
Here at Southwest Missouri Realty, we work with a host of first-time buyers and our helpful, experienced realtors are ready to help you find the home of your dreams. Contact us today for more information about our Springfield, MO real estate.