(NAPSA)—Buying a homeis both a gratifying experience and challenging endeavor. ‘This is especially the case this season. A healthy U.S. economy and steady job growth are translating to robust demandat a time when housing supply is insufficient in much ofthe country. Although the National Association of Realtors?is still anticipating this to be the best year for homesales in a decade, the journey from homesearchto closing can be a daunting one. ‘To help,here are three insidertips: * Be ready:It’s a swift-moving housing market right now. Rising homesales amidst inadequate homebuilding have only exasperated tight supply conditions. Consider this: The inventory for existing homes on the market has declined annually each monthfor the past two years and homesforsale are typically going under contract in less than a month. Also, note that inventoryis the tightest at lower price ranges. If you’re on the hunt for a homein the affordable price range—around $250,000 to $500,000 in most areas—expect immediate interest from several other buyers. You'll need to movefast if you see a property youlike. * Rely on a real estate agent: With demandsignificantly outpacing supply in manyareas,it’s commonfor buyersto be on the receiving end of a losing offer or two before finding their dream home. ‘That's why, in today’s competitive market, the use of a Realtor’, a member of the National Association of Realtors’, can be crucial to a successful buying experience. As your trusted partner and negotiator-in-chief, a Realtor will identify homesin yourtarget area once A professional real estate agent can openthe door to the home of your dreams. they hit the market, help you present an attractive offer to the seller’s agent, and negotiate on your behalf to ensure you get your homeat a price that works for your budget. Buy only what you can comfortably afford: Buying a home has become a little less affordable compared to a year ago because of the continued rise in prices and higher mortgagerates. If listings are limited in your market, affordability will remain a challenge this year as prospective buyers compete against each other andbid prices upward. This is where the negotiation skills of a Realtor can prove indispensable. Discuss yourtarget price range and stick to it. The satisfaction of winning a bidding war will end quickly if you find yourself living above your means. ‘The rewarding experience of buying ahome may notbeeasy, but if you work with a Realtor and follow these tips, you can be confident knowing that the right home can eventually be yours. Learn More For local market information and to find a Realtor, go to www.realtor.com/ GetRealtor.
