Although we are in a strong seller’s market, buyers can still get the home of their dreams. They might have to pay a bit more, however.
We have been seeing a lot of our clients lately battling it out in order to purchase a home from the limited supply of inventory we have. There are multiple offers on pretty much every home, so Nate Emery is here to talk to us a little bit about how to compete in this market.
As soon as he meets with his buyers, he lets them know that we are in a firm seller’s market and have been for a few years now. There is simply way less inventory out there than there are buyers. Of course he wants his clients to get a great deal, but this isn’t that kind of market. In this market, your ultimate goal should be securing a home.
Being able to make a great offer right after a home is listed gives you a fighting chance. In multiple offer situations, Nate has a number of different strategies he can use in order to make your offer stand out. For example, he recently had an out-of-town buyer who wasn’t able to see the home. He made a video for them of the home, vetted the neighborhood, and had the buyer waive a few contingencies. The end result was a happy buyer in a brand-new home. They may have had to pay a bit of a premium, but that’s just how the market is right now. It is tougher to get into a home than it used to be, but it’s certainly not impossible.
If you have any questions for us or you’re looking to buy or sell a home in Greenville, give us a call or send us an email. We would love to hear from you soon.