What new home buyers want to do to position themselves better in a competitive market is look at the area they want to live in first. Consider the best commute distance, lifestyle, area ammentities, distance to grocery,schools, work, friends, activities etc. Drive the area and narrow the location down as best as possible. Think about the changes that may occur in your life in the next 3-5 years and make your choices accordingly.
Once you have 1 or 2 areas narrowed down start looking at listings in the area in your price range. Watch the market activity, how fast homes are selling, what percent of list price are they selling for. What is the level of inventory. Start to choose the basic features you must have inside and outside.
Find an agent that can work with you. This is a fast moving market with short sales and foreclosures and you need a good agent now more than ever! You may know everything about buying a house but a good agent will still save you money. Many of these sales are as is so get someone on your side. You do not know what you don't know.
Get pre-approved by a lender before you make an offer. More later..
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