2020 and 2021 — the real estate market has been very different, more than ever. March & April 2020, nobody went out to check out a house. March 2021, there are not enough houses to buy…
Why?
Covid 19 pandemic, lack of inventory, sellers not willing to list their homes for sale, finding a replacement property is tough and the lowest interest rates. Basically, demand is too high, way more than the supply stream.
What to do when the market is very hot and highly competitive?
- keep saving down payment
- keep improving your credit score to get a better rate
- keep adjusting your home search parameters/wants/needs list
- stay in the market, keep looking, keep positive
- keep writing offers until you get one!