Buy Your Next Home Instead of Renting!

There are a multitude of reasons why it is a great idea to purchase a home. However, a problem many people have is they think they can’t buy a home. In real estate, thinking you can’t and actually not being able to purchase a home are two very different problems. Many states, especially Missouri, may have special loan programs for first time home buyers! Purchasing a home, though, may require you to reset your expectations. More often than not, there is a place for you in the market, and here’s why:

1. It is better to put money towards your own mortgage than your landlord’s.

   1. As a renter, you ultimately are responsible for paying off your landlord’s mortgage in the form of rent. By purchasing a home, the money that would typically be spent on rent now goes towards your mortgage. Owning a home is definitely a long-term investment, however, there is a great chance you will see your money again one day. Invest in your future.

2. Living in a space customized to your liking is just better.

   1. Wallpaper, fun paint colors, and trendy projects are likely not renter-friendly. If they are, you will probably have to return the place to its original condition before leaving. However, owning your own space gives you the freedom to really let your personality shine! Give us all the paint and wallpaper!

3. You get to be a part of an entirely new community.

   1. Being involved in a residential community provides you the opportunity to meet new people and make new friends. Typically, residential communities see less turn-around than rentals. This means you will have the chance to make those lasting friendships and really build a strong foundation for your family.

The first step is talking to a qualified lender and getting pre-approved. This will help you and your agent know what budget to stick in when searching for homes. It will also help your agent know how to write the strongest offer possible, giving you the best chance at your dream home!