Four Financial Tips for First-Time Homebuyers Be Careful Out There

Buying a home is one of the most important financial decisions anyone can make. The process can be particularly daunting for first-time homebuyers.

The nationwide homeownership rate peaked in 2005 at 68.9%, according to a recent analysis by Property Shark, before declining to 65.5%. The current homeownership rate stands at 66.6% in Kansas and 66.7% in Missouri.

Housing is an intensely local market influenced by constantly shifting inventory, demand, interest rates and prices. Watch the attached video for the top four mistakes first-time homebuyers make, and a few tips on how to avoid them.

Jamie Bosse (CFP) is a certified financial planner with Aspyre Wealth Partners and a board member of the Greater Kansas City chapter of the Financial Planning Association. John McGrath of Kansas City PBS produced the video.

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