Buying a home is an important
investment, and the experienced professionals at
Leo Lawrence Real Estate will guide you through
the sometimes-confusing process of home buying.
We recognize that your time is valuable, and we
work to make purchasing your home as easy as possible.
As licensed REALTOR®, we have up-to-the-minute access
to most homes for sale, often before they even go
‘on the market’. We will set up customized
searches based on your interests and criteria, and
save you time by only showing you homes that meet
your needs. Our established
relationships with lenders , title companies,
inspectors and other vendors also simplify this
process, saving you time and money.
Buyers often have questions about the buying process.
Even if you have purchased property in the past,
Real Estate laws and customs change frequently,
and our agents regularly participate in continuing
education to stay on top of recent changes. We have
compiled a list of Frequently
Asked Questions to help educate you about buying
a home. We consider this list a starting point,
and are always available to answer additional questions
and provide more comprehensive information.
Leo Lawrence Real Estate is a small, locally owned,
family business accustomed to helping families find
their dream home. Email
or call us at 636-561-4422 today, or fill out a
Client Worksheet and return
it to us for more information.
You may also search for homes at your convenience by
A Message from Leo for First Time Homebuyers:
For many years now, I've counseled many first time
homebuyers, either directly or through the agents
who were assisting them. My message has always been
that first time homebuyers with limited money should
buy their first home first.
It’s pretty simplistic advice, I know, but
the purpose is to try to keep the first time homebuyer
focused on their objective. Let me explain.
When entering the home ownership marketplace for
the first time, of course you are going to buy your
first home first. The problem is that many first
time homebuyers of limited money don't view this
first home purchase as a step toward their dream
home and the result is that the American Dream of
home ownership remains just that, a dream. Those
in this group continue to dream about home ownership
because they are trying to accomplish something
incredibly difficult. They are trying to buy their
second home first, but they are not yet financially
able to do so. Buying and then selling their first
home is what gives most people the financial wherewithal
to buy their second home.
As REALTORS®, we are promoters and protectors of
the American Dream of homeowner ship. We want to
help people achieve their dream, not just keep dreaming
In order to do that, very often we need to convince
first time homebuyers to buy their first house first.
So if you’re out there and dreaming, this
message is for you. It’s to those of you who
really want to own your own home, but are waiting
to save up more down payment and closing cost money
to get that “perfect” house, the house
that you will be happy with for many, many years.
My message is simple. You are trying to buy your
second home first and the opportunity to buy your
first home may be slipping away from you. Be aware
that while you are saving, the cost for the style
and location of the house you are dreaming about
is probably increasing much faster than your ability
to achieve your savings goal. Buy your first one
now with the means available now.
Long ago, my wife and I achieved the American Dream
of home ownership, but we still don’t live
in our dream home, even though we are, for the most
part, quite comfortable and satisfied with our digs.
While we have bought and either sold or kept dozens
of houses along the way, five of these have been
home to our family. It all started with buying our
first home first.
Simply stated, had we not bought that first home
with a minimal down payment, we could not have afforded
our second home. It was the appreciation in value
of the first home that provided the funds for us
to upgrade to our second home, and so on.
Short of winning the lottery or getting a sizable
inheritance, trying to save for that larger down
payment to get that bigger or better house is trying
to buy your second home first. And while it’s
possible, it certainly seems ill advised. While
you are struggling to save one or two hundred dollars
per month, that style house in the location that
you want may well be appreciating five to ten times
that amount. You may never be able to catch up to
the increasing home values unless you buy what you
can afford now, then move up later with your equity
gain on your first home. Your first home needs to
be viewed as a stepping-stone en route to your dream
Make a list of what it is that you want in your
first home, keeping in mind that this is your first
home and not your second or last one. Begin your
list with those features that are absolutely essential,
and then add other features that you would like
to have but could live without. If you’re
like most people, you'll have to take some of the
‘wants’ off of your list and be satisfied
with a bit less or even a lot less for your first
As you move on to your second and third home, and
as your needs change, you should be building wealth
(equity) that will enable you to fulfill, not only
those new needs but more of your wants. Will you
ever stop dreaming? Maybe or maybe not, but along
the way, you will be living the American Dream of
Don’t wait any longer to buy your first home
first. Call Leo Lawrence Real Estate today.