So what is shadow inventory?
This sounds scary, but it’s really not. Shadow inventory is a term we use in Real Estate to identify property that's not active on the market but we know it's available. For instance, say I know that John Smith is going to be transferred next month. He's called me about listing his property, but he's not quite ready- he hasn't got it painted and touched up or done some minor repairs. It’s going to be a few more weeks before the home is technically “market ready.” But, as your agent, I may be able to show you the home anyway, especially if I think it’s perfect for you.
Just about all agents in the industry have a list of this “shadow inventory,” especially in a market where supply is so tight. It's important to…
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