MY NEW REAL ESTATE TERM -- "PARKED BUYERS"
In Northeast, OH (the Greater Cleveland Area), we have a shortage of homes to buy at most price points. That means we are in a sellers market. Let me write that again. WE ARE IN A SELLERS MARKET. Who knew that we would have low home inventory now? I'd say no one.
So, this is my current problem, the problem for me and my partner (and husband), is that we have a number of buyers, at various price points, who have seen every home available in their price range and in the cities of their choice. And, some of them have been "bruised" by losing a multiple offer situation....
So what can they do? Now, this is a bit exaggerated But, some of our buyers want to see a newly listed home as soon as it hits the market. So, I envision them as sitting in their parked cars, waiting to hear that there is a newly listed home to see. So, seriously, I now refer to those clients as our "Parked Buyers."
Steve & Pat Pribisko