The old adage, buying a home isn’t for the faint of heart, still holds true. No matter how much you prepare, make your lists, and visit neighborhoods, you still need to wait for the right home to come on the market. Even then, it may not become yours.
The inventory of homes for sale remains low with the number of potential Buyers high. That doesn’t mean you won’t find a house. Most importantly, you need to be prepared to make a strong offer when you do find the home for you and your family. Many sellers won’t even entertain an offer without a pre-approval letter, so meet with a local lender and have your letter in hand. It makes for a much stronger offer.
Be flexible. Flexibility also makes for a stronger offer. Asking the Seller when the best time for them to close and move might make your offer more attractive to them. Also, if you are looking for the typical 3 bedroom 2 bath home in a highly sought after neighborhood, change your search a bit. You might want to open yourself up to a home that needs a bit of renovation or is in a neighborhood that is up and coming. Expanding your horizons opens up new opportunities.
Lastly, be patient. Keep at it. It takes time to find your perfect home so don’t get discouraged. If you lose out on a home or two, it wasn’t meant to be. Speaking from personal experience, usually you end up with a better home than the ones you lost bids on. Be patient. It will happen!