While many experts are hopeful that the blistering pace of price increases will slow in the coming year, there are many things home buyers can do now to set expectations and increase their chances of finding a new home.
In a hot housing market, you may have to compromise on your wish list to secure a home. According to Victoria Cornell, you don't have to find your forever home right off the bat. “Purchasing your first home is exciting and is a big life goal for so many.”
She goes on to say that in a strong seller's market, “it's okay to focus on getting your foot in the door and not purchase your dream house. You can always renovate, build an addition, or move again later. Your first purchase into the housing market is the first step to many other opportunities.”
One of the essential rules in real estate is “location, location, location.” While the location isn't everything, it certainly falls under the category of something you can't change about a house after you've bought it.