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How to Buy a House in a Low Inventory Market
27.07.2024 - 00:22 / sunset.com
When my husband and I were planning to move from New York to California, I spent most of my free time (and phone data) scouring Zillow. Messaging owners and agents directly and sharing our story ultimately led to us closing on a condo that was originally listed for rent. On a national scale, the current status of the housing market has forced a lot of people—buyers and real estate professionals alike—to get more creative.
Lindsey Harn, a residential real estate agent and owner of the Lindsey Harn Group in San Luis Obispo, California, shared her insights about this conundrum. If there’s low inventory, for instance, she’ll often strategize with clients by seeking out properties that aren’t yet on the market.
Below, Harn’s advice for people who want to be proactive while scouting out their dream home.
The Good Brigade/Getty Images
“I’ll sit down with the clients to get a really clear understanding of their budget and then which of their favorite neighborhoods and streets are actually going to meet their house profile, their budget profile, and then those lifestyle amenities—whether that’s a specific school district, being able to bike or walk somewhere—to figure out the non-negotiables,” Harn says.
Doing your research and hiring the best professionals will inevitably contribute to your success, too, according to Harn. This involves aligning yourself with a well-connected agent who can understand your goals and priorities. Plus, you have a homework assignment: Investigate the neighborhoods you really love.
“I always say, 50 percent of the time a buyer will know the second they drive past the house,” Harn says. “Make sure you drive around and really explore the neighborhoods you are considering multiple times during the day. Where
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