In today’s market, we often see multiple offer situations. How can a buyer prepare to enter this market? They must be “buyer ready” so they can react quickly. Not only should a buyer have a firm pre-approval before they begin there search, they should have an honest and real conversation with their agent about expectations – not only of the agent, the market, as well as themselves.
Thursday, February 5, 2015
Spring market “not waiting for tulips” but limited inventory frustrates homebuyers
New figures from NWMLS show year-over-year increases in pending sales, closed sales, and prices, while inventory fell by double digits. Many brokers are city inventory levels have never been this low, in the last 20+ years. The number of active listings in the NWMLS dropped 11% in the past year. We saw sales at a higher pace this superbowl season, as compared to last years.