Four Financial Tips for First-Time Homebuyers

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.

More on Flatland

Financial Tips for Teens (That Everyone Can Use) You don’t have to look far for news about how much financial trouble people are in these days. Financial planner Jamie Bosse is here with five tips for teens.

Reduce the Stress: Here are Simple Tips for Tax Time Tax season can be stressful, but it doesn’t have to be. Here are some helpful tips to get through tax time with ease.