Lack of Available Inventory Leaving Buyers Indecisive
The Bristow real estate market is full of buyers looking at the lower end of our single family home price range, which is about $450,000 and lower. This is usually a great thing for sellers. There aren't many homes to choose from, so it is easier to push prices higher.
Something interesting happening in the Bristow real estate market, particularly those homes priced below $450K, is that buyers aren't seeing relative value. That means they can't determine whether or not a home is worth what is being asked because they aren't seeing more than one at a time. Frustrating for buyers and frustrating for sellers.
As a top producing Bristow real estate agent, I can tell you that buyers who hesitate end up losing out on home after home. And what happens in these low inventory markets is that prices keep inching up. So while you wait to see what a home with a finished basement may run, why not find out what it would cost to finish the basement in the home you have found?
No buyer on a limited budget gets 100% of their wants and desires. You are lucky to get 80% of them when you are in a low inventory market. Keep that in mind when shopping. You may be passing over some excellent opportunities.