Buying a home in a market with little inventory can be competitive and challenging. It’s time to be proactive, prepared and diligent in your approach. The following tips will help you navigate the market and make a smart purchase decision.
1. Get Pre-Approved with a local lender
If you are planning to finance your purchase, you shouldn’t even start looking at homes online unless you are pre-approved. Make sure you speak with a local lender too. They know the market and know what it takes to make a strong offer.
2. Meet with your real estate agent for a preliminary meeting.
Your real estate agent will go over the entire process in a nutshell and prepare you for the type of market to expect. They’ll let you know when you need to move quickly or if you able to take your time. They might be able to find you a home you can write an offer on that is contingent upon the sale of your current home! Wouldn’t that be nice?!