In real estate, it’s often you’ll hear things like, “it’s a hot market,” “we’re seeing low inventory,” and “buyers are receiving multiple offers,” but what does that mean? Well, low inventory refers to the number of homes on the market, which can create a hot seller’s market if there are more buyers than sellers. This hot seller’s market makes buyers more competitive, and the seller will often receive multiple offers to purchase their home. How can you stand out from the crowd of other buyers?
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