Sellers Your Home Is An Oasis In An Inventory Desert

Dated: 12/01/2017

Views: 205

Sellers: Your Home is an Oasis in an Inventory Desert | MyKCM

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 the National Association of Realtors (NAR), the inventory of homes for sale dropped 7.1% year-over-year to a 4.3-month supply and is down for the 25th consecutive 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.

Bottom Line

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.

Blog author image

Jason McLaughlin

Jason has lived in the Golden and Arvada area for more than 25 years attending Golden High School and then later gaining a Bachelors of Science Degree in Organizational Leadership and Emergency Manage....

Latest Blog Posts

4 Reasons To Sell This Fall

Traditional lore says that the best time to list your home for sale is spring and if it hasn’t sold by the end of summer, you’re out of luck. Along the same lines, homeowners across the country

Read More

What To Expect From Your Home Inspection

What to Expect from Your Home Inspection 4.4KSHARES 4.2K 88 34 149 You made an offer and it was accepted. Your next task is to have the home inspected prior to closing.

Read More

Are You Curious What Is Happening With The Housing Market

September 2019 Housing Market StatisticsAlthough we saw seasonal cooling month over month, the Denver Metro Area housing market remained strong in September year over year. At the close of the third

Read More

The Greatest Adventure Destination In Castle Rock

"This regional tourist destination truly has something for everyone. The 300-acre park includes the Millhouse events center, an outdoor amphitheater, the Miller

Read More