Feb 27, 2019
Broken Record: Homes Still Selling Fast
Here we go again. Spring is a month away. February isn't usually when I see a big influx of buyers, but here they are. Inventory is low, but not low enough that you can't find a house.
Case in point: I put a home on the market less than 1 week ago. We had 22 appointments. Why, you ask? Well, it wasn't priced too low (the market analysis & buyer feedback confirmed that). The reason for so many appointments? There are more buyers than there are homes for sale.
We did receive an acceptable offer :-)
Advice for Buyers in the market:
- get pre-approved NOW. Do not wait until you find a home. It will be too late
- use a Realtor you trust. If you are serious about finding and buying a home now, make sure they understand that. There are plenty of "tire-kickers" out there and if you should make it clear to your Realtor that you are ready to roll
Advice for Sellers in the market:
- prepare your home for sale. Just because the inventory is low doesn't mean you will get a good offer. If your home has obvious problems, the offers will not appear or there could be a major price adjustment. A good Realtor can suggest how to best get your home ready