In Southeastern Michigan we're experiencing a market heavily in favor of sellers. I've had clients outbid on numerous homes for thousands of dollars. This is ultimately a very frustrating experience for buyers that have found a home they love. If I could give first-time buyers some advice as a Realtor, I would say first and foremost get approved for your loan before you find a Realtor. Don't even waste your time looking at homes on the internet until you know what you can afford. Furthermore, make sure your approval is from a reputable lender, some lenders give anyone with a pulse a pre-approval based on nothing more than a credit report. It's not a bad idea to get more than one pre-approval just in-case something falls through. Secondly, first-time buyers usually don't find a home they love everything about, so be prepared to negotiate some of those wants on your wish-list. The more time you waste trying to the find the perfect home, the closer you get to being without a new home at all. When sellers are receiving multiple offers, it's important to pull the trigger in a timely manner. The home you kind of liked last week, will be gone by the time you reconsider. Because your a first-time buyer, keep in mind that your probably going to live in this home for 4 or 5 years and move on. I know this may sound ridiculous, but people build "Dream Homes" only to realize that they need a change in the future. So, don't get stuck in the emotional stage of buying your first home. As the old saying goes " If you snooze you Lose". Lastly, be prepared to counter-offer. Bidding on your first home could turn into a war very fast. Hopefully, you have an agent that will be prepared to negotiate the best terms possible for you. If your looking for a home in Southeastern Michigan give me a call. Darrin Rawls 248-952-4948!!!!!