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How to Buy a Home in a Competitive Market

Cities across the country and some areas here locally are plagued by low inventory, making for a competitive housing market. You can see the signs when sales start happening very quickly, multiple offers are put in on a single home, and cash offers become more common. All these factors make it a great time to sell, but what about buying? Finding a home in a competitive market isn’t always easy, but there are things you can do to increase your chances of winning the home you want.

First things first, you have to get all your financing in order before you start house hunting. There’s nothing worse than falling in love with a home you’re to prepared to buy. While you’re getting your financing in order, make a list of all the features your home has to have and those that you’d like to have but could compromise on. This will make sure you can quickly identify which houses are the best fit.

Once you have the financing and list of must-haves taken care of, keep an eye out for homes you’re interested in so you can see them as soon as they hit the market. That is where working directly with the Costello Team can help because we have direct access to the local MLS. Finally, it doesn’t hurt to consider a larger area in your home search. Sometimes the perfect home is just a few miles outside your preferred location. And of course, we are here to help you navigate all of these steps and secure the home of your dreams.

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