Friday, January 19, 2007

Inventory is low!

It's difficult to view homes as something to be inventoried like a grocery store does with milk or bread. But if we are low on homes, then there is not as many to choose from. And this is the situation right now in Montgomery County in the $80,000 to $100,000 price range.

Last summer there were about 1800 homes for sale. Today there are around 1200. Homes in the $80,000 to $100,000 price range were big sellers when the troops came home.

What to do?

Inventory levels will pick up again. But if you can't wait, you need to contact us now so that you can be placed on our VIP Buyer auto-notification. If a home is listed today, you will receive an email telling you about it. Then you need to move fast to view it. If it is what you want, you need to have your mortgage approval lined up so that we can put in an immediate offer. It has not been unusual for us to see 3 offers on a home on its second day on the market.