5 Tips for Buying Your First home

We realize that purchasing your first home is a big step. If you're feeling unsure of where to start and what to expect, we've compiled five useful tips to prepare you for first home buying experience. If you have any questions, don't hesitate to contact us today.

1.  Get started searching

As a first-time buyer, knowing where and how to start is one of the first hurdles when beginning your search for a home. Wherever you are, we make it easy to search homes for sale on our website and on our mobile app, Kansas City Homes: Home Search. 

While you are viewing various homes, think about what aspects of a home are important to you. Make sure you know exactly what home features you must have along with those you:

  • Is location a big factor?
  • Do you want a short commute?
  • Will you need room to expand?

These kinds of questions and more will allow you to quickly narrow down your search and give you more time to seriously consider homes that have what you need.

2.  Start saving money

There are a lot of costs that go with buying a home, so prepare by saving money as soon as possible. Start a house fund and put spare money in it whenever you can for things like a down payment, monthly mortgage payment, closing costs, after move-in costs, and unexpected home maintenance costs.

If you’re not prepared to spend extra money, and if you’re already strapped for cash with monthly mortgage payments, you might not have the best home buying experience. It’s always better to be prepared and have more money than you might need.

You should also keep an eye on your credit score. A higher score means that you’ll end with a better mortgage plan and lower interest rates compared to a lower score. You can improve your score by working to pay off any debts you have the money for. But don’t use all your spare money to pay off debts. A higher score is good, but you’ll still need money to pay for your home.

Try to find a balance between paying off debts and improving credit, while also saving money for your future home costs.

3.  Choose a good agent

Buying a home is a complex process to navigate by yourself, especially when it’s your first time. Working with our real estate agents will provide you with guidance, support, and access to resources you can’t get anywhere else.

Our agents have helped countless buyers - new and experienced - find the perfect home, and would be more than happy to help you. They use the latest technology, exclusive real estate training, and their knowledge of the vast Kansas City area to help their buyers. Check out all our agents to see which areas they serve and how they can best help you.

4.  Know your finance options

Before you go house hunting and begin touring open houses, be sure to talk with a mortgage lender and try to get pre-approved for loans. Mortgage lenders can help explain the difference between types of mortgages and assess which might be best for you and your finances.

Our agents have assisted many buyers through the financing process and can offer advice on the basic aspects of a mortgage. With our mortgage calculator we can also give you a rough estimate on how much your monthly mortgage payments may be.

5.  Tour smartly

When the time comes to tour homes, remember these things to get the most out of the experience:

  • Consider the location
  • Know what home features you need, ones you want, and the ones you do not want
  • Try to get pre-approved for mortgage loans
  • Wear comfortable clothes and shoes, so you can move around easily
  • Always be prepared to make an offer
  • Don't stress and keep calm
  • Make the most of it: pay attention to the details, ask questions, and take notes

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