Buying a home is 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 demand at a time when housing supply is insufficient in much of the country.
Although the National Association of Realtors is still anticipating this to be the best year for home sales in a decade, the journey from home search to closing can be a daunting one.

To help, here are three insider tips:

• Be ready: It’s a swift-moving housing market right now. Rising home sales amidst inadequate homebuilding have only exasperated tight supply conditions. Consider this: The inventory for existing homes on the market has declined annually each month for the past two years and homes for sale are typically going under contract in less than a month.

Also, note that inventory is the tightest at lower price ranges. If you’re on the hunt for a home in the affordable price range—around $250,000 to $500,000 in most areas—expect immediate interest from several other buyers. You’ll need to move fast if you see a property you like.

• Rely on a real estate agent: With demand significantly outpacing supply in many areas, it’s common for buyers to 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 homes in your target area once 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 home at a price that works for your budget.