This article was originally written during a hot seller’s market in 2017. Several years later, and it’s still a seller’s market. In fact, there are fewer homes on the market today than back in 2017. Low inventory is caused by numerous things, but the COVID-19 pandemic in 2020 has been a notable contributing factor. We thought it would be a good idea to update this article and offer any new insight or tips for buyers.
If you want to purchase a home in 2021 be warned — you’re playing by new rules. Seller’s rules that is. Low housing inventory and high demand have created a seller’s market, one that isn’t going away any time soon. However, these seven tips can increase your chances if you happen to find yourself in a bidding war on your dream home.