Information for BuyersUncategorized April 18, 2023

Buying in a Low Inventory Market

Currently, Southern Oregon is experiencing a low inventory market, which means more buyers than sellers. Buying a home in a low inventory market can be challenging and frustrating. You may face fierce competition from other buyers, multiple offers, bidding wars and inflated prices. But don’t lose hope. As a professional Realtor®, I can help you navigate this tough market and find your dream home. Here are some ways I can assist you in a low inventory market:
 

  1. Your Realtor® can help you get pre-approved for a mortgage, which will show sellers that you are serious and qualified. A pre-approval letter can also give you an edge over other buyers who may not have one.
  2. Your Realtor® can help you find “off-market” properties that are not listed on the internet or in the MLS. These may include homes that are coming soon, expired listings, for-sale-by-owner properties or homes that match your criteria but are not actively marketed. I can use my network, contacts and tools to uncover these hidden gems for you.
  3. Your Realtor® can help you craft a strong and attractive offer that will stand out from the crowd. I will advise you on the best price, terms and contingencies to include in your offer, based on their knowledge of the market and the seller’s situation. I can also help you negotiate with the seller and handle any counteroffers or issues that may arise.
  4. Your Realtor® can help you close the deal smoothly and quickly. I can coordinate with the seller, the lender, the inspector, the appraiser, the title company and other parties involved in the transaction. As a Realtor®, I can also monitor the progress of the closing and troubleshoot any problems that may delay or jeopardize the sale. 

A low inventory market may seem daunting, but it doesn’t have to be. With the help of a skilled and experienced Realtor®, you can overcome challenges and find your perfect home.