Buying a home during a sellers market can seem like finding a needle in a haystack, especially in Southern California where we have one of the hottest Real Estate markets in the United States but, the good news is that there are still homes available which sometimes fall through the cracks and are waiting for buyers to purchase them.
Expired or Withdrawn Listings
One of the first ways to buy homes during a low inventory market is by searching through expired listings.
Expired listings are home listings that fell off the Real Estate market for a variety of reasons including being overpriced but the good news is that if you approach these owners it could be at just the right time when they are ready to sell their homes
Another great way to find homes in Southern California during a low inventory market is by viewing rental properties since many rentals here are owned by out-of-sate owners who would consider selling their rentals if they receive the right offers on them.
During the recent collapse of the Real Estate market it wasn’t uncommon for investors to flock to properties for sale in gated communities.
Since prices have been increasing fast in Southern California over the last 24 months many gated communities are now cracking down on investors so it makes sense to look in communities where investors are avoiding if you want to find a great deal on a home.
Fixer Upper Properties
You may not want to do work on a property but, it’s true that you can find awesome deals on fixer upper properties across Southern California if you’re willing to invest your sweat equity and money into making your home livable.
Hire a Great Realtor®
The best way to find properties during a low inventory market is to hire an experienced Realtor® because your agent will many times become aware of properties before they are listed on websites like Zillow and this can save you time and ensure that you are able to bid on a home before other buyers do.
To get started with searching for Southern California Real Estate contact Fred Sed Realty today by calling us at (800)921-9231 or click here to connect with us through our website.