The 411 on Buying a Home from Your Friends at Fischer and Frichtel

Posted by Elizabeth on December 27, 2011

If you’re a first time home buyer, the amount of information you are presented with can easily be overwhelming. Unfamiliar terminology and varying opinions on the decisions you should make can get confusing. The homebuying process is a stressful one, but it doesn’t have to be. That’s why the professionals at Fischer and Frichtel would like to work with you to make the process as simple as possible.

There are hundreds of questions you will have to ask yourself when you opt to buy a new home. We have compiled a list of important questions for you to keep in mind as you start the homebuying process.

• Should I use a real estate broker?
• Do I qualify for a loan?
• Can I put at least 20% down?
• What are the main costs I will have to cover?
• How will I know I am not overpaying for the property?
• What’s included in the monthly mortgage payment?
• What if the seller rejects the offer?
• How long do I plan on staying in the property?
• What will happen at closing?
• When can I move in?

As a new homebuyer, you must question what other expenses you will incur when owning a home.  Aside from the mortgage, you will also have to pay for property taxes, property insurance, utilities, and any association dues.  Asking the appropriate questions at the beginning of the search will better prepare you for the entire process and will help make the process run smoothly. Stay tuned to our blog for additional new home buying tips.

At Fischer and Frichtel, we specialize in building custom homes in the St. Louis area. Each home is designed to create lasting value and to meet your highest standards.