First-Time Homebuyer Tips from a St. Louis Real Estate Agent

Common Mistakes to Avoid & Expert Advice

Buying your first home is exciting, but it can also be overwhelming—especially in a competitive market like St. Louis. The process involves more than just browsing listings and picking a house you love. To help you navigate the journey, here are some key mistakes first-time buyers should avoid, along with expert advice from local real estate professionals.

1️⃣ Not Getting Pre-Approved Before House Hunting

Mistake: Many first-time buyers start looking at homes before knowing how much they can afford. This can lead to disappointment if they fall in love with a home outside their budget.

✅ Expert Tip: Get pre-approved by a lender before you start your home search. This not only helps you understand your price range but also makes your offer stronger when you find the right home.

2️⃣ Underestimating Additional Costs

Mistake: It’s easy to focus only on the down payment and monthly mortgage, but homeownership comes with extra expenses like property taxes, homeowners insurance, maintenance, and HOA fees.

✅ Expert Tip: Budget for hidden costs, including home repairs and routine maintenance. A good rule of thumb is to set aside 1% of the home’s value each year for upkeep.

3️⃣ Skipping the Home Inspection

Mistake: In a competitive market, some buyers are tempted to waive inspections to make their offers more attractive. However, this could lead to costly surprises down the road.

✅ Expert Tip: Always get a home inspection. Even if you're buying new construction, inspections help identify potential issues before closing.

4️⃣ Overlooking First-Time Buyer Programs

Mistake: Many first-time buyers assume they need a 20% down payment, but there are various loan programs that require as little as 3% down.

✅ Expert Tip: Explore first-time homebuyer grants and loan programs in Missouri. Some options include FHA loans, USDA loans for rural areas, and down payment assistance programs. A knowledgeable real estate agent can guide you through these options.

5️⃣ Letting Emotions Drive the Purchase

Mistake: Falling in love with a home can lead to rushing the process, skipping due diligence, or going over budget.

✅ Expert Tip: Stay focused on your long-term needs and financial goals. A real estate agent can help you weigh the pros and cons of each property objectively.

Work with a Trusted St. Louis Real Estate Agent

Navigating the home-buying process is easier when you have a knowledgeable professional by your side. The Kelly Shaw Team specializes in helping first-time buyers in the St. Louis area find the perfect home while avoiding costly mistakes.

📩 Kelly Shaw
📧 KShaw@BHHSselectSTL.com
📱 Cell: 314-210-9549
📞 Office: 314-755-2050

Ready to start your home search? Reach out today!