Needs and Wants V. Inventory!

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

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

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.

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. 

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

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;)

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!

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

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