With mortgage rates remaining low, many buyers have decided to get off of the fence and take the plunge into home ownership. That’s great, right? In theory, yes. But as my husband likes to say, “In theory, communism works.” The reality is, that with more homeowners wanting to purchase, the inventory of available homes just isn’t there. Many homeowners took advantage of the low mortgage rates by refinancing their current mortgages. Their homes suddenly got a lot more affordable., they like their house, and their kids are happy in their schools. Combine that with a lack of inventory, and you have a challenging market. Simply put, there isn’t anything out there that is significantly better than what they already have, and moving can be a hassle, so they’re going to stay put. What does that mean for you? That depends upon whether you are a seller or a buyer. If you’re looking to sell your home, proper pricing and staging could mean that your home will sell quickly, and for more than you thought. If you’re a buyer, this means that you really need to have your ducks in a row: have your pre-approval from the bank, and when your trusted real estate adviser calls you to look at a home that just came on the market, please be ready to go look at it. Don’t rely on one of the syndicated real estate sites (Zillow, for example) in order to keep abreast of the market. By the time a home hits one of those sites, there is a very real possibility that someone else, working with a realtor, has already seen it and put it under contract. As real estate professionals, there is almost nothing more frustrating than someone sending us a link to their dream home, only to find out that we’re a day late to the party. We’re here to help YOU be the person moving into your dream home. Please give us a call, and we’ll get you set up with the tools that you’ll need in order to be hostingthe housewarming party, instead of attending it.