Angela Sadat Group
  • Home
  • About
    • Meet Angela
    • Meet the Team
    • Testimonials
    • Client Events
  • Buyers
    • Buyer Resources
    • Home Search
  • Sellers
    • Seller Resources
  • Blog
  • Contact

Low Inventory: Buyer Considerations

3/11/2022

0 Comments

 
Picture
As promised, we want to address your questions around the issue of low inventory; and we need to look at both seller and buyer considerations. As a seller, you have the opportunity to be in the driver's seat when low inventory markets arise. Most of our sellers, however, will also be buyers in the same "low inventory market." Let's talk about some things you might want to start thinking about, as you plan for your move.
  1. First... Do you understand "List Price?" Many markets offer the opportunity to bargain with sellers or request closing costs to help with the final figures at closing; however, in most cases, a low inventory market does not afford us this opportunity. The list price is always a data-based suggestion and is not often the final sale price. Low inventory markets place high demand on well-priced and well-marketed properties and, as a buyer, you must be able to wrap your mind around "the art" of offering. As we face many multiple offer situations in a market like this one, we must be ready to offer over the list price in order to win the home.
  2. Next... Do you have some extra cash? Many buyers have employed the tactic of offering an appraisal gap clause to their purchase agreement, especially when in multiple offer situations. This means that the buyer is offering a price that may be found to be over the appraised value and they win the home by ensuring that they will bring extra cash to the table to cover the spread between the offer price and the appraised value. There are many considerations in this tactic, so we can discuss them as you progress in your process!
  3. Finally... How flexible are you? Remember, sellers may be getting 3-20 offers from eager buyers who need to find a home. Consider whether you can be flexible on closing date, inspection (yes/no?), earnest money amount, rent back agreements, and many other variables that a purchase may entail? What are you comfortable with and how creative can we be, as we endeavor to win?

​These are just a few of the biggies, as we explore buyer considerations in a low inventory market. Do you have questions as you prepare to jump into this market? Call me, and let's chat about your unique situation and how we can position you to win the home you love!

0 Comments

    Welcome!

    Welcome to our blog. We hope to be able to provide you with some valuable resources about selling and buying a home in the Twin Cities. We may also include a favorite recipe of ours from time to time, so check back often.

    Archives

    February 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    April 2022
    March 2022
    January 2022
    December 2021
    November 2021
    August 2021
    July 2021
    June 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    December 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    April 2016
    March 2016
    February 2016
    January 2016
    November 2015
    October 2015

    Categories

    All
    Angela Recommends
    Appraisal
    Around Town
    ASG A List
    ASG News
    Buy A Home
    Buyer Bulletin
    Buying A Home
    Fall Market
    Final Closing Prep
    Financing
    First Time Home Buyer
    Gratitude
    Happy Holidays
    Home Insurance
    Home Staging
    Home Warranty
    Inspections
    Investment Property
    Low Inventory
    Make An Offer
    Marketing
    Market Updates
    Move
    Moving
    Multiple Offers
    New Construction
    New Home
    Pre-Approval
    Real Estate
    Refinance
    Remodeling
    Renovations
    Rental Property
    Sadat Sells
    Sellers Disclosure
    Sellers Market
    Seller Summary
    Selling
    Sell My Home
    Spring Market
    Success Stories
    Summer Market
    Title Company
    Title Insurance
    Tomato Plant Takeover

    RSS Feed

Picture
Picture
Contact
Fair Housing Statement
Terms of Service
​Site Map


Follow Us On social Media
​
 


Search our Site

Woodbury, MN Buyers
Woodbury, MN Sellers
Picture
Keller William Premier Realty
Angela Sadat Group
651-246-2739 Contact
angela@sadatsells.com
635 Bielenberg Dr #100, Woodbury, MN 55125
Proudly powered by Weebly
  • Home
  • About
    • Meet Angela
    • Meet the Team
    • Testimonials
    • Client Events
  • Buyers
    • Buyer Resources
    • Home Search
  • Sellers
    • Seller Resources
  • Blog
  • Contact