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When Real Estate Inventory Is SCARCE - Do This! | Jason Muth + Rory Gill

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➢ Subscribe:    / @smartstayshow   The Problem: Inventory is exceptionally scarce right now. That means that there are way more interested buyers than there are homes available. 🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🏠 Open houses have long lines, and most decent places are going under contract way too fast. 🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍 Buyers don’t have a chance to think, they’re outbid, and they keep losing out on homes for sale. 💰 What can you do: 1️⃣ Prepare in advance. Have the pre-approval ready to go before looking at houses. 2️⃣ Be educated. Know what’s in the market so you can move quickly. 3️⃣ Accept that the first offer is likely going to be a learning experience. 4️⃣ Look beyond NEW listings. Those are the ones generating the most interest and the bidding wars. 5️⃣ Properties that have been on the market longer have less competition and more negotiating room. Try to determine why the listing is still there – overpriced, needs specifi …...more
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When Real Estate Inventory Is SCARCE - Do This! | Jason Muth + Rory Gill
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50Views
2021Aug 4
➢ Subscribe:    / @smartstayshow   The Problem: Inventory is exceptionally scarce right now. That means that there are way more interested buyers than there are homes available. 🙋🙋🙋🙋🙋🙋🙋🙋🙋🙋🏠 Open houses have long lines, and most decent places are going under contract way too fast. 🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍🧍 Buyers don’t have a chance to think, they’re outbid, and they keep losing out on homes for sale. 💰 What can you do: 1️⃣ Prepare in advance. Have the pre-approval ready to go before looking at houses. 2️⃣ Be educated. Know what’s in the market so you can move quickly. 3️⃣ Accept that the first offer is likely going to be a learning experience. 4️⃣ Look beyond NEW listings. Those are the ones generating the most interest and the bidding wars. 5️⃣ Properties that have been on the market longer have less competition and more negotiating room. Try to determine why the listing is still there – overpriced, needs specific buyer, has problems, sellers are difficult, etc. 6️⃣ Look at properties that recently went under agreement. Submit a backup offer while you’re looking elsewhere. 7️⃣ Jump on properties that are back on market. 8️⃣ Look at canceled and expired listings. 9️⃣ Try to buy homes that are listed for rent. 🔟 Look at new construction. 1️⃣1️⃣ Craft offer to be flexible for the seller. 1️⃣2️⃣ Have some patience. Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast! _____________________ The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill. This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative. The Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments.   / therealestatelawpodcast     / nexthometitletownrealestate     / nexthometitletownrealestate   AND PLEASE... 🚨 DON'T CLICK THIS LINK!! 🚨 - https://bit.ly/3rh6hdb
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