Housing Inventory: What does it mean for you?

findperfecthome.jpgThere are many options available when it comes to a choosing where you lay your head at night. Are you planning on buying that dream home you’ve been designing/decorating in your imagination over the last few years, or have you decided to lease an apartment, condo, house, or townhouse that allows you to walk or bike to all the local favorites you’ve been commuting to for far too long?

There are positives and negatives to both, but more and more often your choices are limited if you’re looking to buy that starter (or forever) home. However, there continue to be many options when it comes to leasing a place to live.

You can work with the experts and reach out to a Real Estate firm, then give them your wish list so they can find you multiple properties to view (hopefully in your price range). These are all valid options, and things I’ve done myself, but what I’ve noticed over the last few years in DFW is that once you find something you love there are most likely going to be offers already in. This doesn’t leave you with many options if yours isn’t accepted, or you have to go into a bidding war. According to CNBC, this is because the number of homes being rented out is increasing, which brings down the available options to buy.

11-5-Couple-Moving-Boxes-Into-Their-Perfect-New-HomeSo, what does this mean for you?

Fortunately, there are so many great rental properties available but you might have to check a website hoping they’re up to date and accurate…or we’re back to driving up and down the streets in your favorite neighborhood looking for a sign in the yard. In addition, there is always the option of working with a local expert from a Real Estate firm who already has access to those hidden gems and knows exactly what you need.

If you’re downgrading from an empty nest or having to wait until there are more options available before you buy it doesn’t mean you can’t find a rental with all of your must-haves, but you should know where to look and who to work with to make sure you get what you want.

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