Shadow Inventory
Recently, you may have heard the term ”shadow inventory”. Shadow inventory refers to homes that have NOT been placed on the market . These are properties that Sellers would like to sell, but have refrained from listing. Generally, the reason is a combination of lack of urgency from the Seller and belief that market conditions will improve. I’m experiencing a sharp increase in listing appointments. Sellers are anxious to take advantage of the tax credit motivated buyers. The growing optimism on the economic front has also resulted in an increase in seller activity. We should see some excellent opportunities in the next 45 days. Incredible interest rates (yes there is money for qualified buyers), depressed home prices, and NOW-fresh inventory. I anticipate marketing a wonderful attached home in the Red Lion area. Quiet neighborhood, great fenced yard, well maintained, minutes from I-83. Should list for under $145,000. I have another pending listing the Central School District. Features a cute yard, patio, and fish pond with privacy fence, wood floors in the living room & dining room, 4 bedrooms-minutes to I-83. Should hit the market in the next 10 days, under $140,000. If you know anyone that might be interested, have them contact me for a personal showing. WALT-800-494-7816
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