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SOLD before listed! Shadow sales, a new trend and problem!?

"Impatient Buyers Target Homes Before They Go on Sale" by Jim Buchta, (MCT) - "House hunters frustrated with the market's supply of homes have shifted their search from the streets to underground. More buyers are targeting homes that haven't yet hit the market, a trend agents say will grow as inventory shrinks and the mismatch of what's available and what's desired continues." (full story)

This story, highlighted by RISMedia, immediately caught my attention. Just a few months ago I wrote a blog "Have Buyer, Need House: Where Did the Inventory Go?" describing the dilemma of shrinking inventory in certain areas and price ranges and waiting for the right listing to come along. Our pot did boil not too long after. My buyers and I jumped on a listing as soon as it hit the market, literally wrote an offer in the middle of the night, thus being the first ones in and beating out 2 other offers.

Very recently, a condo listing of mine was solicited by interested buyers long before I officially entered it into the MLS and an offer was presented as soon as I did. It's a small community with little to no active ... more

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