It is key to work with an agent that keeps close tabs on the market and watches as new homes matching your criteria come available. In a market with low inventory and high buyer competition, good homes sell very fast.
Knoxville, TN (PRWEB) December 04, 2012
The Holloway Group, the leading Knoxville real estate team at Gables & Gates, REALTORS share survey results showing search criteria on which current home buyers are choosing to compromise, as a result of today's low inventory levels.
With current inventory levels of Knoxville homes for sale, as well as nationwide levels well below normal, home buyers are finding themselves in situations where they may have to compromise. Gone are the days where buyers had their pick of the litter and could find multiple homes in their price range that had everything on their wishlist. A recent study by the National Association of REALTORS clearly shows on what criteria home buyers are more willing to budge.
The study was broken down by home buyer type. For example: single, married, male, female, unmarried couples, children under 18 in the home, and no children in the home. The number one compromise across all groups was price. More people were willing to go up in price and secure other elements they refused to give up. The 2nd and 3rd largest compromises were very close across all groups and consisted of a compromise in the size of the home, followed by the condition of the home. The criteria that home buyers were least willing to compromise on, across all groups, were distance from schools and quality of schools. Quality of the neighborhood also ranked low on the compromise list.
Troy Stavros, Broker and Partner with the Holloway Group at Gables & Gates, REALTORS says, "When buying Knoxville real estate, one of the keys in having to compromise less, is working with a Knoxville real estate agent that keeps close tabs on the market and watches as new homes matching your criteria come available. In a market with low inventory and high buyer competition, good homes sell very fast. Oftentimes the first offer in wins."
ABOUT THE HOLLOWAY GROUP AT GABLES & GATES, REALTORS
The Holloway Group is committed to bringing the best possible experience to fruition for buyers and sellers of Knoxville real estate. At the Holloway Group we don't believe average is good enough for our clients. At the forefront of the Holloway Group is experience. Our team was created to serve our clients even better with specialization and expertise. We know that individually we cannot be everything to everyone so we have come together as a group, bringing all of our different strengths, so you always work with the best. We pride ourselves on being ahead of the curve on technology and how it can serve our clients. When you are a client of the Holloway Group, you can expect to have our entire team of professionals working to fulfill your individual real estate goal. As a member of Leading Real Estate Companies of the World the Holloway Group and Gables & Gates, REALTORS can assist you with finding the most qualified real estate professional to suit your needs, anywhere in the world! Contact us today for assistance.