So you want to get into this great market- rates are low and prices are lower- one problem- where are all the homes!!?? You ask yourself, isn’t this Spring selling season? Shouldn’t there be oodles of homes available for me to buy? Where are all the homes?
Throughout the country there are major drops in home inventories- as high as down 51% in Oakland CA and down 48% in Phoenix AZ. Those are by far the extremes, but face it- the bout of foreclosures and short sales to compete with on the open market has certainly made it less appealing to throw your hat into the ring, so to speak, if you have an actual House For Sale!
So speaking locally- here in Forney TX, what is happening- well inventories are down- a whopping 28% over same time last year. Take a Look..
So what does that mean if you are a buyer? Simply put it means that if a home is spectacular and meets your needs and is in the area you want to be- make your best offer, out the gate. Don’t play around with going back and forth and hope to get some deal that your 3rd cousin on your mother’s side who lives in Miami told you you can get. Come on- you’re smarter than that! If inventory is low and the house is what you want- make a logical, business based decision and lead with your best offer. There will very often be competing offers on the table- why make the seller haggle- why not give them the chance to say YES!
Happy House Hunting in North Texas. If you need a Realtor to list your current home, or are looking to buy or rent in the North Texas region-
Give Dawn a call/text 214-604-4561 at Avery Properties/Avery Realty Group- where Sellers Enjoy 4% Listings and Buyers Enjoy Cash Back!! (ask me how…..)