Updated: July 1, 2017
Inventory is at an all time low
- Average months of available inventory = 0.2 months
- There are not enough homes for sale for the number of active buyers, so we aren't seeing a drastic increase in number of homes sold
What does this mean for you if you are considering SELLING?
Low inventory and increased demand, create higher sales prices.
Find out what your home would sell for in this market
What does this mean for you if you are considering BUYING?
Low inventory and increased demand, can create a fast paced real estate market which means when making an offer on a home or property you'll need to be competitive. Here's a few things to act on now if you are in the market to purchase a home:
Get pre-approved.
Sellers will expect proof of funds or a pre-approval letter from your lender with your offer. If you are in a competitive offer situation, not having this may keep you from getting the home of your dreams.
Connect with our preferred, local lender Diana Johns of Movement Mortgage.
Make a SMART offer.
Work with a knowledgable real estate agent who can help you gather the facts and details you'll need to ensure you are making an offer that will make sense to the sellers. Use recent comparable sales to help illustrate your offer price. Low offers in a fast paced market seldom work. Remember, you may only have one chance to get the sellers attention before another buyer makes an offer.
Schedule a FREE consultation & see how we help our clients complete in this market.
You can connect instantly with Angela & her team... Call 910.367.5648 or email hello@theangelabatchelorteam.com.
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