Sellers: Your Home is an Oasis in an Inventory Desert
First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand!
According to theNational Association of Realtors(NAR),the inventory of homes for saledropped 7.1% year-over-year to a 4.3-month supply and is down for the 25thconsecutive month.
Some homeowners may be hesitant to list their homes for sale because they are worried that they will also have a problem finding a home to buy and move in to. This is a legitimate concern; no one wants to sell their home quickly and not have anywhere to live.
But there is good news!If you are thinking of moving up to a luxury or premium home, there is more inventory available in these markets and you may even get a great deal on a home that has been on the market for a while.
If you are the owner of a starter home and you are looking to move into a trade-up home, or if you are just looking to relocate to a new area in a home of the same size, there is still hope!
In many markets, homeowners are building contingency plans into their contracts. This means that the homeowner builds in extra time before they close in order to find their dream home and they are upfront about the contingency with any buyers who come to see the house.
Your home is an oasis to buyers who are searching for homes in today’s market. The right buyers will sympathize and wait for you and your family to find your next home.
Don’t let the fear of not finding a home to move in to stop you from moving on with your life. Let’s get together to discuss ways to set expectations with potential buyers from the start.
Born in Plymouth, England in 1978, Anthony moved to Florida in 2004. Growing up as the son of a builder, Anthony lived and breathed real estate. To further his interest and to become more involved in Real Estate Anthony gained his Real Estate Sales License, deciding to make the change from 4 years as a high school mathematics teacher.
From a young age Anthony has had a desire to help people and is now helping people make the most important decision they are likely to ever make. Being a 'non-native' of Florida Anthony has experienced first hand the processes and intricacies of buying Real Estate in a foreign country and this experience has assisted him when working with clients from various countries. Anthony has clients in the UK, Dubai, Australia and Canada. Having clients from different cultures and various time zones has not been a problem for Anthony, who is very adept with new technology and communication methods. His primary strength is building relationships with clients - a skill Anthony says he developed through his time as a Teacher, working with various students and establishing effective communication with their parents.
Anthony's other interests include Motorsport, Golf and Travelling. Anthony lives in Davenport, Florida with his wife and four children.