Richmond VA Real Estate Lacks Inventory

Richmond VA Real Estate Lacks Inventory

Richmond VA Real Estate Lacks InventorySince the New Year has passed, my phone has been ringing off the hook with buyers looking to take advantage of the still historically low interest rates and purchase a home in the Richmond VA real estate market. As a matter of fact, I had three potential buyers call on the same property within hours this past weekend.

Today I had the pleasure of taking a new client on some property tours. As luck would have it, we found a great Henrico County home that met all of my clients needs. As I was driving back to my office to prepare on offer for this house, I received a call from the listing agent stating they had another offer on the table and were about to accept it. I had two hours to put together an offer and my client went in with their highest and best. It wasn't enough, even though it was over asking price and with very strong terms. When something like this happens, a better home is usually just around the corner. However, in todays market "just around the corner" can mean months as we need more sellers to list their properties for sale. 

As a matter of fact, my most recent listing for a Midlothian home for sale went under contract on the first day of showings. The listing before that was a Glen Allen home for sale and we were able to put that home under contract in just 10 days. This isn't a new trend. This has been the trend for most of 2013 and is continuing into 2014. As your Richmond VA Realtor, I predict we are going to continue to have a shortage as we head into the Spring market. 

Richmond VA real estate lacks inventory and we need sellers to look at this as an opportunity to stand out from the crowd and get their house sold fast and for top dollar! If you are even thinking about selling your Richmond area property in the Spring, please call me NOW so we can get you the most money and match up our surplus of buyers with homes. Let's make this a Win-Win for all parties involved!

Want to sell in the Richmond VA real estate market but are not sure you can? Call me, your Richmond VA real estate agent, today for a free market analysis. The market has greatly changed over the past year and your property may be above water to not only sell, but make a profit. You won't know until you call!

Search Richmond VA homes for sale.

Post a Comment