Understanding how Low Inventory works

Real Estate

You probably heard it a couples of times now that the market is in a stage of low inventory. Florida which used to be a buyers market is now facing this huge change. Simple economics tells us that when the demand for buying houses are high and there are a rather smaller comparable amount of sellers, naturally the seller will hold a higher hand in controlling and negotiating the prices.

If you are a seller, this is the best time to put your property on sale. A lot of for sale properties will get multiple offers. As a seller, you are also more likely to achieve your preferred selling price since most buyers would want to put their best feet forward and make their offer as attractive as possible. One more positive thing for Sellers during this time is the possibility of a quick sale. Buyers would want to act fast to get the property. Since you are faced with these many great options, sometimes it is very hard to choose and weigh in the best offer. So make sure that you get a help from a licensed and experienced realtor to make sure you're getting the best side of the deal.

If you're a buyer, no need to fret. Know what you really want and take the time to find it. If you have your trusted Realtor working with you in buying your home, don't be afraid to ask questions. These realtors know their way around and would gladly assist you in finding the best home that will suit your lifestyle. Once you find what you are looking for, you have to act fast. It is crucial to find a pro that will best represent your interests and would act in a very timely manner to ensure that you get the house of your dreams. 

 Currently, we are closely watching and monitoring the Market trends for our clients. If you have any questions on buying and selling a home in today's market, contact us now and we'd be glad to answer them for you.