Found 2 blog entries tagged as low inventory.

When inventory is low and eager buyers are driving prices up, how can a seller best strategize for a successful home sale--and avoid pitfalls?

Real estate sellers might think that a “hot” market means fast, easy money for their home. After all, a hot market means low inventory combined with lots of buyers looking for the perfect place. In many instances, a hot market does indeed mean a faster sale at or above asking price. However, there are some pitfalls that a house seller in a hot market needs to be aware of before watching the money roll in.

Get Your Home and Property Ready to Show

One of the “lucky” aspects of a hot market is that outdated or quirky homes sell more quickly than they otherwise would. As buyers become more and more…

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The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Economist for the National Association of Realtors (NAR):Chief

“There is no shortage of hopeful, potential buyers, but inventory is historically low.” 

When the demand for homes is higher than what’s available for sale, it’s a great time for homeowners to sell their house. Here are three ways low inventory can help you win if you’re ready to make a move this fall.

1. Higher Prices

With so many more buyers in the market than homes available for sale, homebuyers are frequently entering into bidding wars for the houses they want to purchase. This buyer competition drives home prices up.…

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