August 17, 2017 | Bob Myers
First-time homebuyers are flocking to the real estate market by the  thousands to find their dream homes in order to make their dreams of  homeownership a reality. Unfortunately for many, the inventory of  starter and trade-up homes in the US has struggled to keep up with  demand!

According to the National Association of Realtors (NAR), the inventory of homes for sale dropped 7.1% year-over-year to a 4.3-month supply and is down for the 25 thconsecutive month.

Some homeowners may be hesitant to list their homes for sale because  they are worried that they will also have a problem finding a home to  buy and move in to. This is a legitimate concern; no one wants to sell  their home quickly and not have anywhere to live.

But there is good news! If you are thinking of moving  up to a luxury or premium home, there is more inventory available in  these markets and you may even get a great deal on a home that has been  on the market for a while.
If you are the owner of a starter home and you are looking to move into a  trade-up home, or if you are just looking to relocate to a new area in a  home of the same size, there is still hope!

In many markets, homeowners are building contingency plans into their  contracts. This means that the homeowner builds in extra time before  they close in order to find their dream home and they are upfront about  the contingency with any buyers who come to see the house.

Your home is an oasis to buyers who are searching for homes in today’s  market.

Bottom Line

Don’t let the fear of not finding a home to move in to stop you from  moving on with your life.  Talk to me - I  can help you set expectations with potential buyers from the start.

Please  consider The Myers Team your resource for all things real estate.  We have over 30 years of real estate experience, specializing in the Montgomery County area.  If you are refinancing, want a recommendation, need a service provider or just have a home related question, please give me a call at 301-910-9910 or email me at bobmyersteam@gmail.com.
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