When inventory is this low, you need to think outside of the box.

Reblogger
Services for Real Estate Pros with CMIT Solutions

Thought this was a great post, so I'm "re-blogging" it...

In today's real estate market, especially in certain areas - like here in the Houston/Spring/The Woodlands (TX) areas, it's important to think of ways to not only satisfy the Buyer(s) but also keep the income flowing.

What I would "Add" to this Blog is: in our market, there are still many homes without pools and many buyers will balk at a home without one - so, consider a Renovation Purchase mortgage. It's a first mortgage that pays off the seller plus puts aside money in escrow for the building of the pool (or renovation of a kitchen, adding the missing room, etc.).

Since it's a First mortgage, you the buyer doesn't have to worry about taking out another loan later.

Something to think about.

Onward and upward!

 

Original content by Amanda Christiansen

Right now inventory is really low in the Fort Wayne real estate market.  

This especially holds true in Northwest and Southwest Allen County School Districts. When a nice home comes on the market in these areas, it's normally sold within a day or two.  

It's a great problem for sellers to have, but what about the buyers?  

Thinking outside of the boxA few weeks ago I showed a two story home in SWAC to my buyers.  It was very reasonably priced, but it needed too many cosmetic updates.  My buyers passed.

As we were leaving, I realized that this home was identical in square footage and lot size to a home I helped another client (We'll call him Bob) purchase a few years ago.  

Those folks recently inquired about the value of their home because they were considering having us sell it for them.  

I called Bob and asked if I could bring my buyers through their home.  "Sure thing Jared!  We'll leave the front door unlocked."  

I took my buyers through and they loved it.  

After a few days of verbal negotiating we came to an agreement and got all documents signed.  We listed the home as PENDING and we're on our way to closing.

Could this strategy have backfired?  

Maybe.  I've heard stories of other agents trying to do this and they've been cut out of the deal (because the home wasn't technically listed when they showed it).  

To me, it was a risk worth taking for my clients because of how low the inventory in our market is right now.  

This is one of the things I love about selling real estate in the Fort Wayne area.  You get the chance to come up with creative strategies to sold problems for your clients and you often need to think outside the box.  

If you're looking for an aggressive buyer's agent that will think outside the box to get the job done, give me a call at 260.704.0842.  I'd love to help you!

Century 21 Bradley Fort Wayne

 

   

Fort Wayne Realtors Jared and Amanda Christiansen with Century 21 Bradley

Amanda and Jared Christiansen are award winning Realtors with Century 21 Bradley Realty in Fort Wayne.

 

Enough about us...

 

Tell us what you want your real estate experience to be, and we will do it YOUR way.

 

Buying a home in Fort Wayne? Tell us your wants and needs. Let us know how you envision your family living.  Tell us what's important to YOU, and we'll find the community and home that fits.  

 

Selling your home in Fort Wayne?  Our job is to make you the most money possible in the shortest amount of time. We offer our sellers professional staging, professional photography, and more internet marketing than most. 

 

We are committed to giving you everything we have to offer.  We are both full time agents and will work around your schedule.  Do nights and weekends work better for you?  NO PROBLEM. We are here to help YOU at YOUR convenience.

 

Amanda can be reached at 260-704-0843, and Jared can be reached at 260-704-0842.

Posted by

Al Rodenburg - NMLS# 272775
Sr. Mortgage Banker

Comments (3)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yes creativity is important when the market becomes different.  Have a great week.

May 09, 2014 01:55 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

LOW inventory does make people jump through the hoops faster, no question, cause houses move on the market better. Not having a pool can be a plus too. All depends what the buyer wants. Excellent re-blog.

May 09, 2014 02:07 AM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Thanks so much for the reblog!  Much appreciated!

May 09, 2014 06:04 AM