Historically Low Inventory – what is a buyer to do?

The most frustrating market a buyer can encounter is one with low inventory where there are very few options and where there can be multiple offers.  Broker/Owner Lori Todd has been in the real estate industry for 27 years and in that period of time, she has never seen inventory as low as it is in today’s marketplace.  Some buyers have not found a home to purchase and have had to sign a lease agreement locking them in to another year of leasing.  Some buyers have found themselves in a multiple offer situation which can force the purchase price higher.  It’s always good to prepare for all sorts of scenarios.  To help reduce the stress and avoid killing the budget, buyers need to determine in advance what their top dollar is for any given home that you don’t get caught up in the bidding war.  And, another tip is to make a list of all the wants and needs of a house so that when you’re in a rushed moment, making a good decision can be as easy as referring to your predetermined list.  Team Choice agents focus on helping buyers with a strategic plan of action which helps remove all of the stress and anxiety and allowing buyers to be excited about the home buying process. We go over all of that thoroughly in our free buyer consultation session before jumping in the car to see that first house option.  We are available days, evenings and weekends to accommodate the needs of our buyer clients.