What To Avoid In A Low Inventory Real Estate Market

What To Avoid In A Low Inventory Real Estate Market

Raise your hand if you’ve seen a house hit the market, but by the time you open your phone to schedule a showing – it’s pending ✋😂⁣⁣Curious how to handle a low inventory market? Here’s a quick rundown of what not to do as a seller or buyer.⁣⁣

If you’re looking to SELL:⁣⁣

Don’t wait. With not many homes for sale, you won’t have much competition. Translation? You can likely expect one or more top-dollar offers from eager buyers.⁣

Don’t overprice. Even with low inventory, set your asking price at market value. Doing so means you’re likely to attract more buyers and possibly set off a lucrative bidding war.⁣

Don’t worry. You’re going to get a greater return on your investment. Rising prices mean that homes are also gaining value!

⁣⁣If you’re looking to BUY:⁣⁣

Don’t wait to get “paperwork ready.” Do everything you can NOW (gather down payments funds, get pre-approved, have your home ready to sell) so when you find your dream home you can move, and move fast!

Don’t make a clunky offer. Make a clean offer with as few contingencies and concessions as possible.⁣

Don’t let your emotions run awry. Whether it’s a frantic bidding war or losing another home you just knew was the one, you gotta fight to keep your emotions in check.

⁣⁣If you’ve felt the pain of this low inventory market, we would love to connect with you and show you how our preapprovals stand out!

Contact Information