I recently sat down with Phil Cowan on his radio show to discuss the market.
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The market right now is as crazy as we’ve ever seen it. Homes for sale are receiving many offers apiece, and both interest rates and inventory are extremely low.
The pandemic, of course, is partially responsible for our low inventory. Many people decided to take their homes off the market toward the beginning of the pandemic. Low interest rates have also boosted demand. Now, we have about half the inventory we normally would with twice the demand.
Bay Area buyers are also moving in droves to our area, looking for more space in their homes to accommodate work-from-home needs. What’s very exciting is that a lot of them are cash buyers. Many of the sellers here are, in turn, moving east to other states like Idaho, Tennessee, and Texas.
Since we’re part of a national network of agents, we can put home sellers here in touch with agents from the state they plan to move to. Sellers in this situation have the tricky task of both selling their homes here and finding new ones to buy in their area of choice. We specialize in helping sellers prepare their homes to sell quickly and for the most money as well as connecting them with out-of-state agents so they can transition seamlessly. With us, you’ll never go homeless as a seller because you can’t find a home to buy.
In this crazy market, you’ll want the best advice and guidance you can get, so if you’re thinking of buying and/or selling a home, reach out to the Tom Daves Team. We’d love to help you.
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