Did you know that home inventory tends to increase in the Spring? The warming weather and longer days seems to make people eager for change and buyers and sellers can be seen coming out in droves. If you are hoping to buy a home this Spring, here are some tips can help you accomplish your goal.
Start or continue saving
The home-buying process is expensive. A down payment, closing costs, and moving expenses can add up quickly. If you are currently saving toward a home, keep it up! If not, start as soon as possible. In a highly competitive market, a 20% downpayment is recommended to stand out amongst multiple offers.
Keep an open mind
While you may have pictured exactly what you want your dream home to be, it's important to stay open to other possibilities. Inventory is low and prices are higher, adding to the difficulty of the home buying process. Staying flexible and broadening your options will help you get a home sooner.
Stick to your budget
Once your budget is established, do your best to stick to it. It will be tempting to put it all out there when multiple offers are being considered, but you don't want to get yourself into a house that you cannot afford. I recommend checking out homes slightly below your budget. This will help you be less tempted to go over budget as well as provide some leeway in a bidding war.
Don't give up
Realistically, you probably won't end up in your dream home on the first try. In this seller's market, it's important to not get discouraged and continue searching for a home. As always, I recommend utilizing an experience Realtor to guide you through this process. I can help you navigate this tricky market and get you one step closer to owning your dream home.
If you'd like to purchase a home this Spring, I'd love to help you make that dream come true. Contact me today to get started.