Increased Demand = Higher Sales Price

In a market with low inventory, the demand for homes often outweighs the available supply. This heightened demand can lead to increased competition among buyers, ultimately driving up property prices. Sellers can benefit from this dynamic by strategically pricing their homes to encourage multiple offers.

A Faster Sale Process

With fewer homes available, buyers face limited options which can expedite the sales process  (homes tend to spend less time on the market when there is low-inventory). If you're looking for a streamlined selling experience, taking advantage of the current low inventory is a wise choice.



Buy The Home You Really Want!

If you're planning to sell your home to move up to a larger property or downsize, now is a great time to make that transition. Selling in a high-demand, low-supply environment can help you secure a strong sales price for your current home. 

But what about finding a new home? Believe it or not, now is actually a good time to buy. Yes, rates are high, but we believe a drop is coming soon. If you can get into your next home now, before that drop occurs, you may be able to time things so that you beat the increased competition and have more negotiating power as a buyer.

Plus, you can always refinance when rates drop or negotiate a buydown to help offset the costs.

Listing your home in a low-inventory real estate market can open up a world of opportunities for sellers. From maximizing property values to enjoying a faster and more favorable sales process—the benefits go on and on.

So, if you're thinking about making a move, The Sherri Patterson Team is here to guide you every step of the way. Reach out to us today to make the most of today’s market!