Top 5 Mistakes First-Time Home Buyers Make (And How to Avoid Them)

Buying your first home is exciting — but it can also be overwhelming, especially in today’s fast-moving market. As a Springfield, Missouri real estate agent, I’ve worked with dozens of first-time buyers, and I’ve seen the same mistakes pop up again and again.

If you’re buying a home in 2025, avoid these top 5 common mistakes and you’ll be miles ahead of the game.

❌ Mistake #1: Skipping Pre-Approval

Why it hurts:
Many buyers start shopping for homes before speaking with a lender — only to find out later they can’t afford the home they fell in love with.

How to avoid it:
Get pre-approved before you start house hunting. This tells you exactly how much you can afford, strengthens your offer, and helps speed up the buying process.

Pro Tip: Work with a local Springfield lender who understands the market and can walk you through your options (especially if you’re using FHA, USDA, or down payment assistance).

❌ Mistake #2: Draining Your Savings for a Down Payment

Why it hurts:
Yes, you’ll need cash to close, but putting all your money into a down payment could leave you short for moving costs, maintenance, or unexpected repairs after closing.

How to avoid it:
Aim to leave a cushion in savings — and explore programs like:

• FHA loans (3.5% down)

• Conventional 3% down options

• MHDC down payment assistance (available in Missouri!)

• USDA loans with 0% down in eligible areas around Springfield

❌ Mistake #3: Not Understanding the Full Cost of Homeownership

Why it hurts:
Many buyers focus only on the mortgage payment — but forget to budget for property taxes, insurance, utilities, HOA fees, and maintenance.

How to avoid it:
Get a full cost breakdown from your lender or agent. In Springfield, property taxes average about 0.88% of your home’s value annually. That adds up!

Bonus Tip: Ask your agent for a sample monthly payment breakdown for homes you're considering.

❌ Mistake #4: Being Too Picky — or Not Picky Enough

Why it hurts:
Some buyers get stuck waiting for the “perfect” home and miss out on great options. Others rush in and regret the layout, neighborhood, or commute.

How to avoid it:
Make a list of your must-haves, nice-to-haves, and deal-breakers. Share that list with your agent so they can help you prioritize.

Remember: You can change flooring and paint, but you can’t change the location!

❌ Mistake #5: Not Working with a Local Real Estate Agent

Why it hurts:
Online home searches are helpful, but Zillow doesn’t negotiate for you — and it won’t warn you about red flags.

How to avoid it:
Hire a local Springfield agent (like me!) who knows the area, understands market trends, and can guide you from your first showing to the closing table.

✅ Ready to Buy Your First Home in Springfield?

Buying a home is one of the biggest financial decisions you’ll ever make — but it doesn’t have to be stressful. I’m here to educate, guide, and support you every step of the way.

Let’s avoid the common mistakes and get you into a home you love, with confidence and clarity.

📞 Reach out today and let’s start building your personalized home buying plan!

417-350-6419 | christina@thehouseofsparks.com