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Not Enough Homes

By
Real Estate Agent with The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

In a competitive Real Estate market, it can be challenging to find the perfect home. Limited inventory and high demand can make it difficult to find available homes that meet your needs and budget. However, there are several strategies you can use to increase your chances of finding your dream home.

Finding few options, or maybe even nothing for sale in your price range is increasingly common for Long Island home buyers. But, you can buy a home, even when there is low housing inventory.

Here are some tips when shopping for a home in a low-inventory market:

  • Don't do it alone. Work with a Real Estate Agent: A local Real Estate agent can help you navigate the market. They may also be able to reach out to their network to find sellers who are considering selling their homes.
  • Expand your search: If you are only looking in a specific area, consider expanding your search to nearby neighborhoods. You may find a hidden gem that you would have otherwise missed.
  • Be ready to act fast: In a competitive market, homes can sell quickly. If you find a home that you like, be ready to make an offer quickly. Make sure you have your financing in order and are pre-approved for a mortgage.
  • Consider a fixer-upper: Low inventory in the real estate market can make it challenging to find the perfect home, but considering a fixer-upper can open up new opportunities. While these properties may require some work, they often come at a lower price point and allow buyers to customize their homes to their tastes and needs. 
  • Be patient: It may take some time to find the right home in a competitive market. Don't rush into a decision just because you feel pressured by the market. Take your time and find a home that meets your needs and budget.

Customizing your approach helps you navigate and succeed in a challenging market. Let's together when you're ready to buy a Long Island home or condo.

Lawrence and Sheila Agranoff, REALTORS®

Cell: 631-805-4400

Posted by

                                                    Sheila & Larry Agranoff

Your Referrals and Testimonials Are

Very Much Appreciated! 

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                                                                Cell: 631-805-4400
                                                             We Welcome Your Call
 
 
 
Lawrence "Larry" & Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, we have proven to be more knowledgeable & experienced, above and beyond the average requirements. Being part of the network referred to as REALTORS®, you can be sure we will cater to your Real Estate needs with superior professional practices.
 
If your home is listed with another broker, this is not a solicitation of property. This does not suggest broker has property currently available. Reproduction of text/images contained herein without the express written consent of the authors is strictly prohibited. Sale May Be Subject To Term & Conditions of An Offering Plan. Disclaimer: While information is believed to be accurate it's represented subject to errors, omissions, changes or reliance on information & must be verified by prospective consumer. The authors disclaim liability for any damages/losses, direct or indirect resulting from anything contained herein or the accuracy of comments or opinions of visitors.​©2008-2023.
 
 
 
 
 
 

 

Comments(10)

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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

Good morning, Sheila and Larry... excellent advice for home buying in a competitive market.

Jan 20, 2025 04:19 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Larry and Sheila. There is no perfect home but those who pull the trigger on an acceptable home have skin in the game and will be able to assemble a new list of "needs" and "wants" for the future. The savvy agent is the essential element along with the mental mindset to "pull the trigger". Enjoy your day.

Jan 20, 2025 04:42 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

These are excellent tips - being ready to make an offer as soon as the right house is found can make the difference between success and failure!

Jan 20, 2025 04:49 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Larry and Sheila,

What excellent tips to help a buyer secure a home, especially in a low inventory market. Always start with finding a good Real Estate agent to help guide you. In Long Island you only have to make one call Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 

Jan 20, 2025 07:17 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sheila and Larry and great tips to share with buyers looking to buy a home.  Hope you have a good day!

 

Jan 20, 2025 08:44 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Larry and Sheila- these are excellent tips for those would-be buyers who have been frustrated. Yes...work with the best agent who can guide you through the process. Get your ducks in order by being preapproved and be realistic in what you are looking for. 

Jan 20, 2025 12:53 PM
Roy Kelley
Retired - Gaithersburg, MD

We have a limited inventory in our area. 

Dolores and I have been watching the inauguration events on TV. We have icy conditions in our area.

Jan 20, 2025 02:29 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Loved your advice and just to be clear not only in a competitive market it is always good to have a seasoned Realtor to help a buyer and you two fit that bill, Endre

Jan 20, 2025 10:58 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

That is such a great list and the buyers that you represent will be in the best position to get the home that they want!

Jan 21, 2025 04:28 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Thank you all for your comments on our homebuyer tips and Not Enough Homes. Inventory is definitely needed!

Jan 21, 2025 06:51 AM