If you’re in the market for your first home, you’ve come to the right place. The team at Wallace Realty has helped hundreds of buyers find their starter home. Housing inventory is low and prices are competitive, so you’ll want to be prepared when you start your home search. Here are some helpful tips:

Be realistic

Housing inventory in lower-priced homes is very low, which pushes the prices of homes higher. Buyers are having to compete for starter homes, which can make it difficult for first-time buyers with tight budgets. It is important to be realistic about what you can afford, and willing to compromise on some of the amenities on your wish list. Remember, this will not necessarily be your forever home.

Hire a Realtor

Realtors are professionals who understand market conditions and who are experienced negotiators. We will be by your side throughout your entire home search, and will help you easily navigate the complex process of a real estate transaction. Buying a home is one of the biggest financial decisions you’ll ever make, so make sure you have the right team on your side. Give Wallace Realty a call to get started!

Strengthen your offer

In a competitive market, being prepared is key. One way to strengthen your offer is to present a loan pre-approval. Getting a pre-approval from your mortgage lender indicates that you are credit-worthy and in a financial position to make the purchase. Your pre-approval could be the one thing that puts you ahead of the competition.