After having waited on the sidelines for seemed like forever, first-time homebuyers last made 38 all U.S. single-family home purchases – the biggest share since 2000 – and the 2.07 million new or existing houses they bought ended up being 7 more than in 2016, reported.

“Pent-up demand” is how the site described it, citing Millennials one the driving forces.

But the market for house-hunting newbies like yourself has changed considerably from that most recent mark nearly two decades ago. And know they say: “Forewarned is forearmed.” on.

Inventory is tight.

So tight, in fact – especially for lower-priced starter-homes – that, the Wall Street Journal wrote, even “buyers in historically calm markets such Boise, Idaho, and are facing bidding wars, prompting them to dig deep into their coffers to win deals.”

Not into bidding wars? Well, there’s always Little Rock, Arkansas.

Unlike Denver, Seattle and San Francisco – which LendingTree named the “most challenging” cities in the nation for first-time buyers – Little Rock was rated a veritable paradise for house hunters.

There’s still of all-cash buyers out there, so don’t be to get creative.

Though the number of all-cash transactions peaked at 40 in 2011 and 2012 – savvy investors still taking advantage of the subprime mortgage crisis by buying up homes many then rented out – last ’s 28.8 figure remains above normal. One reason for the tight inventory: “Investors are making too much money as landlords to sell,” according to

Granted, ’re at a disadvantage if someone else waves $500,000 in cash in front of a seller even if arrive pre-approved for a mortgage. However, tells the story of a couple got a “great deal” on their Denver home – yes, Denver – by adding a contingency to their $300,000 bid that they’d $1,000 over any other competing offer up to a maximum of $329,000.

“Although unconventional,” the site admitted, “a creative strategy like this can be very effective in today’s market.”

Don’t automatically reject a fixer-upper because ’re not handy enough to fix things like the roof.

Everyone knows you can save a bundle by buying a house that needs work, but things – electrical system overhauls and extensive roof repairs – are safer to the pros. So the question becomes this: How far ahead would you come out, financially, after deducting those costs from the house’s likely -renovation market value?

“An attractive roof is the curb enhancer, so it’s important to figure that into your calculations,” said Patsy O’Neill, a sales associate Sotheby’s in Montclair, New Jersey.

You can play around different looks i.e., Victorian vs. ranch by using the free Virtual Home Remodeler launched by GAF, North America’s largest roofing . And the ’s GAF Master Elite Contractor database can help you the most reputable and adequately insured professionals in your area.

You may be being watched.


With owners leerier these days of strangers walking through their properties, they’re increasingly employing devices capable of tracking prospective buyers’ conversations and actions.

Yes, it can be creepy. The bigger danger, though, as noted, is that – if you don’t watch you’re saying – there’s “a ” of tipping your hand enough that you wind up overpaying.