Needs and Wants V. Inventory!

Reblogger Shanna Hall
Real Estate Agent with Real Estate Solutions 2002018857

I don't think I could have said this any better myself- this is a perfect depiction of the market around the St. Louis area too!  If you are looking and not finding what you want then maybe it is time to figure out what you can do without or widen your search area.  Either way- I am happy to help anyone find the perfect (or as close as we can get to it) home for them;)

Original content by Richard Weisser

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!

Follow Me on Twitter Follow Me on Facebook Lets get Linkedin My Outside Blog Watch my Videos on YouTube


We Need Listings! Call 770-827-6225

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required. Visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park. North Georgia Photos.

 

North Georgia Photos

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
65,593
Donna Bacher
PureRealty Brokerage - Hamilton, ON
Broker

Shanna, my area in Southern Ontario, Canada is facing the same inventory issues. Slim pickings and when something good comes on the market, it's "get in line" time! Great buyer points when the listings are tight!

Jan 15, 2014 01:32 PM #1
Rainmaker
2,282,217
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Shanna. With all of the various new regulation that are now part of the mortgage landscaped, I contacted all my clients that I recently did preapproval for, just to make sure there would be no issues once they found a home.

Many said the same thing as you spoke about in your post. Many are expanding their search.

Jan 15, 2014 05:11 PM #2
Rainmaker
1,675,429
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Nice re-blog. I missed it the first time.  Have a great day.

Jan 15, 2014 09:50 PM #3
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Donna- I have few clients that have me "on call" because we have looked at everything and as they come on the market we are in the race to see it first!  I think potential seller are hesitant in listing in fear of not finding anything- I wonder if bridge loans are going to become popular again...

Jan 15, 2014 10:18 PM #4
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Joe- You may be able to answer the questions about bridge loans- are they still around- are you seeing more people asking about them?

Jan 15, 2014 10:19 PM #5
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Larry- thank you for stopping by and commenting;)

Jan 15, 2014 10:22 PM #6
Rainmaker
791,114
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Shanna, this a good post by Richard so thanks for the re-blog.  Do you have a similar tight sellers inventory in the SW St. Louis area, Shanna?

Jan 15, 2014 11:40 PM #7
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Bruce-The inventory out there for buyer is slim pickings...  I thought that we would have an influx of houses on the market after the turn of the year but it is just not happening!  I am getting calls and out the door I go to show a house that just came on the market that day.

Jan 16, 2014 12:09 AM #8
Rainmaker
1,729,281
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Shanna ...great re-post! It's a great position to be in. I wish we were all in that position!

HAVE A GREAT DAY!

Jan 16, 2014 05:56 AM #9
Rainmaker
1,338,062
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Shanna,

Rob said it very well.  Be happy that inventory is low.  With your knowledge of the area, you'll be able to help many people to buy and sell.

Jan 16, 2014 09:55 PM #10
Rainmaker
4,160,324
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Shanna, we have such low inventory, there is still not much to choose from.    I had a buyer in from NJ yesterday and had only 8 homes to show!

Jan 16, 2014 10:18 PM #11
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Rob- It sounds like a great position- but it is extremely difficult to find buyer houses these days;-(

Jan 17, 2014 03:11 AM #12
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Wayne and Jean- I hope that the more people begin to put their houses on the market!  We need the inventory!!!;)

Jan 17, 2014 03:12 AM #13
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Joan- I hope you were able to sell one of the 8;) 

Jan 17, 2014 03:12 AM #14
Rainmaker
938,930
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Shanna, Buyers should most definitely give you a call when searching for home in St Louis, MO you know the market and probably know of a few pocket listings on the side.

Jan 17, 2014 06:50 AM #15
Ambassador
3,983,649
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Shanna,  buyers need to be ready to compromise when buying. I have rarely seen a buyer get everything exactly like they want. 

Jan 17, 2014 01:17 PM #16
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Bob- Thanks!  I try to keep some houses in mind that I know sellers are going to list soon and possibly bring them buyer before they list!

Jan 20, 2014 12:35 AM #17
Rainmaker
432,062
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Debbie- I totally agree!  You look and find something as close to what you want and then make the changes to customize it to your tastes!

Jan 20, 2014 12:36 AM #18
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?

Rainmaker
432,062

Shanna Hall

I love selling houses!!!St. Louis, MO 314-703-1311
Ask me a question- I am here to help!
*
*
*
*
Spam prevention