Buyers: Ways Buyers Benefit From Growing Inventory

As a Buyer, working with an agent who understands how to use the current market trends is a MUST!

With inventory levels growing in the Phoenix Metro area, Buyers have a shift in power. Here are 3 ways that Buyers can benefit from Phoenix’s current inventory trends:

1. MORE OPTIONS TO CHOSE FROM
When you are on the search for the perfect home, having more options to look at can help your search tremendously. With more inventory you are likely to find a home that checks more of both your wants and needs boxes!

2. MORE NEGOTIATION POWER
With more competition amongst Sellers, Buyers can benefit from having an upper hand in contract negotiations for purchase price, concessions, credits, and even for repairs in the inspection period. If a home has been sitting on the market longer because there is more competition in the area, a Seller is more likely to want to work with a Buyer to come to agreeable terms once they are under contract!

2. MORE BANG FOR YOUR BUCK
In addition to having more negotiation power and more homes to look at, Buyers benefit from rising inventory levels because it steadies the increase in home prices. When prices steady, Buyers can get a better sense for what is available at their purchase price and possibly be able to afford a home they otherwise wouldn’t if there wasn’t as many homes available on the market.

If you are looking to purchase a home this year, there is still time to benefit from the opportunities opening up for Buyers in the Phoenix area! Give me a call today!

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