1. Be prepared for the long haul
The housing market is tight and competitive; there’s not enough inventory and the houses that are available for sale typically receive multiple bids within days of hitting the market. It’s important to understand you might not get a house right out of the gate.
“I got outbid four times!” says Erin Musto of Littleton, Massachusetts. “It was frustrating and discouraging. I would offer over the asking price and still get outbid. I actually got outbid on the house that I ended up purchasing, and with the help of my real estate agent, I was able to be there when the first buyer backed out.
Musto says it took two years of house hunting to find the perfect one, and encourages any new buyers to be patient and not to settle. “Look at a lot of different houses, even ones you don’t think you’ll like. Weigh all your options,” she says.