What does it mean to be in a Seller’s Market?

April 1, 2021

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I am sure you have heard it over and over…Now is the time to really think seriously about making a move. But it truly is an optimal time to make your home available to Buyer’s who are looking for a home to purchase.

Currently we have historically low inventory which results in greater competition and increases bidding wars. It is essential to understand how to make a confident and competitive offer on your dream home.

Here are a few tips to success:

1. Listen to your Real Estate Advisor – putting trust in us as your Realtor is critical to help Buyer’s stay focused. The process can get emotional, a reminder to keep you from compromising on what you are looking for in a home.

2. Understand your finances – having a complete understanding of your budget and what you can afford is essential.

3. Be prepared to move quickly- we are seeing homes go extremely quickly here in the MSP area.

4. Make a fair offer – expertise of an Agent will help you make an informed offer based on the market value of the home.

5. Stay flexible with negotiations – strengthening your offer with move-in dates, price point and contingencies. Oftentimes in this market, offers are forgoing inspection contingencies and appraisal clauses.

Our local market is a big win for Seller’s, but these conditions will not last forever!

Our BLG team is here to advise our Buyers. This competitive market makes it more important than ever to work with a trusted professional.

Darcy Warcken

Realtor, Buyer & Listing Specialist

952.500.3166

Darcy@AvenueRealtyMN.com

BLGHomesMN.com

Better Living Group/Avenue Realty