7 tips for buyers when faced with low home inventory

1. Finance
Have your finances in order: Know how much house you can truly afford, repair any credit issues, have your down payment in hand, and delay major purchases.
2. Pre-approved
Get pre-approved for a mortgage, over and above getting pre-qualified.
3. Must-haves
Determine in advance which home features are “must-have” and which features are “nice-to-have.”
4. Contingencies
Know what contingencies you are willing to eliminate from your offer.
5. Best offer
Make your best offer up front; you might not get the opportunity to negotiate further.
6. Be available
Be easily accessible and prepared to make fast decisions and to respond quickly to questions about your offer.
7. Realtor
Hire a Realtor to help you locate, select, and negotiate.

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