It’s no secret that the real estate market was smoking in 2020 and the start of 2021 is starting just as hot. Inventory of existing homes has been at historic lows, and many local home builders are experiencing construction slowdowns as a result of lumber shortages within the industry. In short, there just haven’t been enough homes for sale to meet buyer demand.
Further, many house hunters are finding themselves competing for acceptance in multiple offer situations – when more than one person is bidding on the same home. And unfortunately, multiple offers are no longer just the norm, but one of the biggest hurdles in finding and closing on your dream home. And this is happening in unprecedented numbers, with some buyers losing to 44 offers on the same property right here in Central Ohio.
What does this mean for you?
It is great news if you’re planning to sell your home in this real estate market.
But, if you’re in the market to buy, it means you ABSOLUTELY must get pre-approved and be ready to make an offer with your REALTOR, and quickly. Online? We have you covered. Our team has been working in a “virtual” environment successfully for months, even before the pandemic.
We are ready and can easily begin your process here