Did you know that inventory in our area is at a three-year low? With so few homes to choose from, buyers are looking for unique ways to find homes for sale. Today we’re going to talk about shadow inventory, what it is, and how you can use it.
What is shadow inventory? It’s a name for homes that are either in foreclosure or not on the market yet. We have special proprietary software to access all of the foreclosure properties, vacant properties, and properties where the sellers have committed to listing their home in the next 12 months. This also includes expired, withdrawn, and cancelled listings.
We not only have the secret sauce, we have the black book of all the homes in our market that are a part of this shadow inventory.
Studies show that between 10%-15% of homes put up for sale never even make it to the market. If we can find you a home that’s not yet on the market, that could get you the best deal possible and avoid competition from other buyers. Is that something you would be interested in? Of course it is.
If you’re thinking of buying, give us a call or send us an email. We would love to help out.