Buying a First Home in Springfield MO?

Many first-time homebuyers hear stories from their parents and grandparents about buying a home in Springfield, MO or other communities for the first time. Today’s real estate market and lending climate is vastly different. While interest rates are considerably lower than the 1980s, it’s a fast and competitive real estate market.

According to an article by wtkr.com, the housing market is not for the faint of heart. In fact, many homes sell for above asking price. A Redfin report showed homes across the country go from listing to closing in a rapid 37 days. Most millennials’ parents and grandparents did not have a difficult time finding an affordable home to buy. On the positive side, millennials still enjoy historically low-interest rates. Instead of asking parents and grandparents for outdated and obsolete home buying advice, talk to a Springfield real estate agent about avoiding common first-time home buying mistakes. Continue reading

Lessons for Buying Springfield MO Homes in Your 20s

Buying a home is a major milestone and one that few people reach in their 20s. For those who do manage to get together the down payment and land the well-paid job in their 20s or early 20s, there are key lessons to learn from older home owners. Although it was a lot different to buy a home decades ago because of higher interest rates, some of the same principles still apply. When buying a home in Springfield, MO, consider the advice of established home owners who bought early in life. A recent article by forbes.com points out home ownership feels like a major leap into official adulthood. Continue reading