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Buying a Home in a Low Inventory Market

Wednesday, April 10, 2013 - Article by: Kiernan - The Mortgage Advocate - Message

Here are 3 suggestions for buying a home in a Low Inventory Market:

1. Get pre-approved and choose a Realtor that can help you find homes that have not been listed yet.- Many Realtor Offices share soon to be listed homes in house before the listing hits the market, this could help you see a home first.

2. Use the FHA 203k Renovation Loan to choose a home that needs updates or repairs - You may see a house that would be perfect except that it needs updates. The 203k Renovation Loan will allow you to finance the home improvements you want, to make your Dream Home.

3. Look at your area's quality Rental Properties - some of these homeowners may not want to be landlords anymore and may welcome your offer. Whatever you do make sure you choose a lender411 mortgage professional and get a solid pre-approval so you can act fast when you find that perfect house.

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