In most cases, buyers are competing for property at the offer stage, and the seller will have choices as to which offer to accept. So, you must put your best foot forward, and convince the seller you are the best buyer for them.
Preparation, flexibility, patience and persistence are all keys to success in this market. This is the general advice I give to all my buyer clients, regardless of whether they are first timers, move up/down buyers, or investors.
Buying a home really is an emotional purchase in many ways, so, it's most important that you have a clear picture of your financial capabilities, and a good knowledge of market values before the shopping gets serious. Otherwise, you're at risk of becoming slightly irrational in the frenzy of a passion purchase. ;)😉
Having said that, there are also two values ~ market value, and the value to you, whether that's more or less. It pays to keep a level head.
It's also good to have a clear picture of what you NEED to have in your home, and perhaps build in some flexibility with what you WANT in a home. With low inventory, and rising prices, the sooner you can make a purchase, the better, and, that may involve a bit of compromise.
Yes, it can be time consuming, and there may be a few disappointments along the way. But, if you can be patient and persistent, we've got this!