It’s no surprise that the real estate market changes over the years, and these trends often make headlines in the news. In this article we are going to discuss what it means when you hear about low real estate inventory. Right now, one of the big topics of conversation is about the relatively low inventory and the fact that it is a seller’s market. Do these topics need to be a concern to you and your family if you are planning to move?
Low Inventory: What it Means When you Hear About Low Real Estate Inventory
Having lower than average real estate inventory means that there aren’t as many listings on the real estate market for potential buyers. So, it might take a little longer to find a home that matches your needs. There are still homes that are being listed every day, which means that the right home will become available if you keep looking.
At the same time, homebuyers also need to be ready to act quickly when they find the right property. If you find a home that matches your requirements, then don’t delay the process of submitting an offer. Having your pre-approval paperwork and offer information ready in advance will make it easier to send an offer when the time is right.
Also, consider the option to adjust your “wants” and “needs” for your new home purchase. For example, if you are having a hard time finding a property that matches your desires, then you might think about buying a home that is a close fit, and then invest money into renovations to transform the property to meet your needs. Or, you might look into home construction so that you can choose the details such as the floorplans and finishes.
Why a Good Real Estate Agent Matters
You just need to make sure that you have a proactive real estate team to locate the home of your dreams. Your agent can watch the new listings. At the same time, conversations can be started with industry connections, helping you find potential properties before the listings go live.
An experienced real estate agent in Atlanta will make all the difference when you are buying or selling a home. Regardless of the current trends in the industry, you can rest assured to know that your agent will help you find the right deal to match the needs of your family.
Additionally, your agent will be available to complete the offer when you find the best home. Time is of the essence, which means that you need a team that can act quickly to ensure that there aren’t any delays with the offer submission.
If you are preparing to move, then you need to have a trusted real estate team to help. At DUFFY Realty, we have many years of experience in the Atlanta real estate industry. Our team knows the best strategies to make your offer stand out from the other home buyers. Contact us today if you need assistance finding the home of your dreams: (678) 318-1700
If you enjoyed What Does It Mean When You Hear About Low Real Estate Inventory, read this: Will the Real Estate Trends Be Changing Soon?