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A Home Buyerís Guide to Making It in a Competitive Market
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In hot real estate markets, buying a property may feel like a nearly impossible feat. Skyrocketing prices, low inventory, and bidding wars can make a prospective buyer feel dejected.
          But becoming a homeowner in hot cities can happen, if you employ the right techniques. A recent article in RISMedia outlines tactics for buyers to use when shopping for a home. For example:
          Donít be naive. Understand the market realities. Instead of obsessing over prices, value, and comparables in the area youíre considering, focus directly on what it will take to get the home you want.
          Work with someone you trust. It may pay to find an agent who is sufficiently skilled to develop a rapport with sellers and their listing agents. Or you may need a superior number-cruncher to get you the best deal. But whatever the agentís strengths, ensure he or she is a person you feel comfortable working with; the journey to finding a home can be long and arduous. Youíll need a friend.
          Be realistic. Be very realistic. If youíve only seen one home in your desired market that fits your budget, then that market probably isnít in your price range. Accept that and either pick another area or be prepared to boost your budget.
          Finally, try to relax. Expect that all will not necessarily run smoothly, particularly in a highly competitive market. Donít get worn down by the process. You can become a homeowner if you relax and go with the flow!