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The “Today By The Bay” Blog

Low Inventory This Spring

The Spring market is well upon us and this year instead of having an overflow of houses hitting the market there is a lack of inventory.  Houses that are properly priced are getting accepted offers before the “For Sale” sign hits the ground.   They are also being sold for over asking prices with bidding wars with multiple buyers.  It is a complex market and one that should not be left for the inexperienced.

You may consider that since it is such a “hot” market you can sell your home yourself…well think twice because it may cost you more in the end than hiring a professional agent.  A pricing strategy is more than what your neighbors house sold for, it includes similar homes, a valuation of taxes and insurances as well to come to that number that is ultimately your sale price.

Another note of advice if you are thinking about selling your home, make sure your agent is doing his or her due diligence and allowing all other agents to show your home.  As a seller you want to make sure you are presented with the highest and best offer for your home with the best possible terms.  Because of the lack of inventory not all agents are working in the sellers best interest.  Be careful and make sure your agent is trustworthy and honest and working for you, that is why you are hiring them.

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