Home Buying: Purchasing in a Tight Market

When there are more Buyer’s than homes out there, it can get very frustrating. There’s always seems to be multiple offers on the home they liked, a home went into escrow within a few days on the market, etc. Here are some tips to help increase your chances of getting into a home in such a market:

  1. Get pre-approved for a mortgage
  2. Stay in close touch with your real estate agent to find out first about new listings that come on the market
  3. Scout out new listings yourself
  4. Be ready to make a decision
  5. Bid competitively
  6. Keep contingencies at a minimum
  7. Don’t get caught in a buying frenzy