Dealing with Low Inventory

How to Find Your Dream Home When Inventory Is Low?

You’ve heard the rumors; it’s a “Seller’s Market.” Well if you are actively searching for a new home, you know that it’s true. The low inventory of homes for sale has made things difficult for buyers. There just aren’t many homes for sale out there and when a nice listing does come to market, it’s met with multiple offers…..often with offer prices over asking.

If you’re a buyer in this market, you might feel overwhelmed but remember that with a solid strategy, you can still find your dream home, even when inventory is low. The highest offer price in the world is worthless if the transaction doesn’t close.

Here are a few tips for buyers looking in a tight market:

• Talk to a lender before you shop so you’re prepared

• Be prepared to pull the trigger

• Write a competitive offer

• Keep contingencies to a minimum 

• Write a clean offer;

Make it easy for the sellers to just say yes.  When inventory is low, it’s each to feel like the best homes are already gone, but by working with your agent, you can put yourself in the best position to have your offer accepted.

4370 Properties
Page 1 of 365
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2020 First Multiple Listing Service, Inc.

Listing information last updated on May 30, 2020 at 9:45 PM EST.

Post a Comment