4 Steps To Take BEFORE Buying A Home

The moment you very first think about buying a house at the Lake of the Ozarks, it's time to take action. Buying a home is a big step in life, and the process usually takes several months from start to finish. That said, you can never know when you will stumble across the home of your dreams, so it's a good idea to begin preparations sooner than later!

 Because a house is most likely the largest financial investment you will ever make in your lifetime, it's important to take time to prepare. If you are thinking about potentially searching for homes for sale at the Lake of the Ozarks in the next few months, it's time to start taking steps to set yourself up for success.

STEP 1: Make A Budget
A house is a huge investment. There are lots of costs associated with owning your own home, such as your mortgage payment, utilities, remodels, landscaping, and any necessary repairs. In order to be confident you're not biting off more than you can chew, it's important to begin carefully tracking your monthly income and expenses several months before you are ready to buy. Getting on top of things now will enable to you to make your financial decision with confidence when the time comes.

 STEP 2: Do Your Homework
There is a lot to learn about buying a house. Buyers need to educate themselves on the process and the many different elements that go into buying a home. Earnest money, the appraisal, the home inspection, negotiating the sale price, offers and counter-offers, title insurance... these are all things that every buyer must handle. Researching ahead of time will help you prepare to tackle each new step as it comes - and boost your confidence in your ability to do so. Gattermeir Davidson Real Estate has plenty of resources available to new buyers - check out our website and subscribe to our real estate blog!

 STEP 3: Get Preapproved
Like buying a house, getting approved for a mortgage loan can be a big process. Your lender will have to carefully evaluate your financial situation in order to determine how much of a loan you should be able to afford and how great of a financial risk you are to their institution. By getting preapproved before you even begin shopping for homes, you will seen as much more credible in the sellers' eyes and you will be better positioned to negotiate the sale price when the time comes. 

 STEP 4: Hire A Real Estate Agent
It doesn't matter whether you're planning on buying a starter home or your forever home - you'll want to be sure that you find a great house and that can settle on a fair sale price. With the guidance of an experienced Lake of the Ozarks real estate agent, you can be confident that you will be prepared for whatever comes your way. 

 Best of luck to you on your home buying journey! If there is any way that Gattermeir Davidson Real Estate can be of assistance, please let us know.

 Stay connected with Gattermeir Davidson Real Estate, LLC!

2011 REALTOR Salesperson of the Year
Missouri Association of Realtors

Gattermeir Davidson Real Estate, LLC
752 Bagnell Dam Blvd., Suite A
Lake Ozark, MO 65049

Office | 573.365.1555
Fax | 573.365.1766
Location: Lake Ozark, MO 65049, USA

Comments

  1. UnknownJune 17, 2015 at 5:49 AM

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