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 talk to a real estate agent because there might be inventory out there that will be just right for your needs and the agents will probably know about it. We network with each other often to make sure that we're all kind of on track with what type of inventory is out there, and what's waiting in the shadows. ;)
If you have any questions about this or anything else in the real estate process just give me a call. I’m Alan Castleman with Hickman Realty Group, and I’m here to help you!
731.664.1006Posted by Alan Castleman on