Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, May 10, 2024
For the past few years, inventory levels were so low and homes were going under contract so quickly that a buyer's process looked like this...
Home #1 is listed for sale, we go see it, you make a decision about whether to make an offer, it is under contract within 48 hours.
Three days later, Home #2 is listed for sale, we go see it, you make a decision about whether to make an offer, it is under contract within 48 hours.
Etc., etc.
There would rarely be two similar houses on the same time for you to be able to consider both at the same time and decide which to pursue.
You'd have to decide if you wanted to pursue House #1 before knowing that House #2 would be coming on the market.
If you didn't like House #2 as much as House #1, it was too late, as House #1 would already be under contract.
But... we're starting to see (some!) listings linger on the market for a bit longer these days...
Some buyers are able to go see multiple houses on one day and compare and contrast them before deciding which one to pursue.
Or, some buyers are able to go see multiple houses over the course of a few days and compare and contrast them before deciding which one to pursue.
What a novel concept... being able to consider multiple options at once, rather than only being able to consider one option at a time, over and over.
