Housing supply continues to fall a wee bit short when it comes to demand.
There’s roughly the same amount of housing supply compared to a year ago, yet sales are higher. While more higher-priced homes contribute to the increased overall sales, inventory is still moving quickly, very quickly. And the housing shortages are felt more keenly for buyers looking in the lower to mid-price ranges.
But buyers don’t need to fret in the midst of a seller’s market (read more about our current real estate market conditions here). FloridaRealtors recently posted an article with advice for buyers to get ahead in the real estate game.
GET READY, GET SET
Buyers should work with their realtors for up-to-the-minute updates when houses that meet their criteria come on the market. But being the first one to know won’t seal the deal if other, better, offers are also rolling in around the same time.
SHOW FINANCIAL STRENGTH
You want to show that you’re “good for” your offer, prepared with a pre-approval letter and more. Depending on the specific market and your situation, some buyers may want to go above and beyond and consider a pre-underwriting, which includes submitting all the paperwork requires for an actual loan.
PREPARE TO UP YOUR GAME
The listing price can often just be a starting point in a seller’s market. However, some sellers may try to list their home too high in hopes of capitalizing on market conditions, which usually results in the home staying on the market for a couple of weeks.
When it comes to preparation, timing, pricing, evaluation, strategy, and more, it’s always best to work with a trusted realtor to determine the best course of action. On Sanibel and Captiva, we have some of the most knowledgable, personable, and hard-working realtors in our area.
If you’re interested in Sanibel real estate–whether you’re buying, selling, or just looking–contact one of our Sanibel realtors, search our MLS for available properties, or get in touch with our office at 239-272-2411 for general inquiries. We’re also more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: In a seller's market, success favors the focused, prepared buyer
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This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency made of people who love where they live as much as what they do. With local knowledge and decades of combined experience, our Sanibel and Captiva Island realtors are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.
