Needs and Wants V. Inventory!

By
Real Estate Broker/Owner with Richard Weisser Realty

Needs and Wants V. Inventory by Richard WeisserPotential home buyers in Coweta County Georgia must first face one stark reality:

There are less than 650 single family houses listed for sale on the MLS. There are also currently 250 house under contract.

This translates to slim pickings in general, and as each additional criteria is applied the number of homes available for sale drops dramatically.

For example, if you want a single level home with a full basement from $200,000-$250,000 there are only three that are available as of the date of this article. If you want one less than 20 years old there are NONE!

In times of low inventory buyers have only two choices:

Wait until a house that meets their needs and wants shows up on the market OR:

Modify their needs and wants and compromise.

 

Sellers take note! It’s a great time to sell in Coweta County GA!

close

Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Shanna Hall 01/15/2014 12:37 PM
  2. Gary L. Waters Broker Associate, Bucci Realty 01/15/2014 09:47 PM
Topic:
Home Buying
Location:
Georgia Coweta County
Groups:
Realtors®
The Lounge at Active Rain
"Whacked"!!!
Diary of a Realtor
Bananatude
Tags:
buying a house
needs and wants

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,771,519
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Richard- wow, I'll say it is!  Let's hope the sellers in Coweta County GA get the message!

Jan 14, 2014 11:04 PM #1
Rainmaker
290,353
Jeff Stevens
Berkshire Hathaway HomeServices New Mexico Properties - Las Cruces, NM
Jeff Stevens REALTOR®/Associate Broker

Richard - sounds like inventory is low. Hope buyers in your area read this and take heed.

Jan 14, 2014 11:44 PM #2
Ambassador
1,702,855
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Our market looks very similar to yours. However, I don't see buyers compromising. Instead, they turn their focus to new construction. As a result, builders can't keep up with the demand and prices for new construction are rising. It seems to me that compromising would be a wiser choice but that's not what I'm witnessing.

Jan 15, 2014 12:27 AM #3
Rainmaker
3,977,511
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

In my home town..under $150,000, there are 14, 6 have offers only 5 are habitableand only 3 will come close to going FHA or VA. 

Jan 15, 2014 04:33 AM #4
Rainmaker
420,636
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Richard, 

Great detailed info!  Modification is likely a great option or waiting quite a while.  It's a whole new world as we continue with low inventories for 2014.  

Being ready to buy DAY ONE it comes on the market would be key here to.  

All the best, Michelle

Jan 15, 2014 08:34 AM #5
Rainmaker
431,912
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Re-blogged and suggested!  I don't think people understand that it is only going to get more expensive nd the longer they wait the harder it will be...  at least in your area and around my area;)

Jan 15, 2014 12:34 PM #6
Rainmaker
565,429
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hey Richard,

The great post.  Buyers have to understand the game nowadays and make different choices.  Thanks and best of GREAT success to you in 2014!

Jan 15, 2014 08:04 PM #7
Rainmaker
1,505,609
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Somewhere in between the needs and the wants, the "it will do" will come out.

Jan 15, 2014 09:43 PM #8
Ambassador
3,673,422
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Richard, there is a real shortage here, too.  I was just looking at what's available in upper Northwest DC.  Um, almost nothing!  

Jan 16, 2014 11:28 AM #9
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,726,107

Richard Weisser

Richard Weisser Retired Real Estate Professional
Ask me a question
*
*
*
*
Spam prevention

Additional Information