Terri Hunt, Broker, SFR

Broker, SFR

Tips for Buying a Home in a Low-Inventory Market

By John Voket

 

If you're buying right now, you may notice that inventory is low. There are several factors you need to take in mind when buying in a tight inventory market.

Real estate investor Michael LaCava (biggerpockets.com) recently pointed out that when there are multiple bidders on the same house, you need to think and offer unconventionally.

The following are excerpts from LaCava's tips on how to do just that.

Dotty Reuning, and agent in Tennessee, says if you love the property and it appears there will be several counter-offers, make your first concession the largest.

Reuning also recommends finding ways to "give." She says sellers do want money, but they want other things as well. Consider the following:

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