Value Bomb: Hold Status

 In Value Bombs

For those of you who have been looking online at homes available for sale, you have probably noticed that there is not a ton of inventory to look at and that is the case right now. Prior to the coronavirus outbreak becoming more serious here locally, there was already a little bit of inventory shortage on the market, so now many of those homes that were in an active status have gone into a hold status.

What that means is the listing agent for the property goes in and changes the status from active to hold, and it goes into ghost-mode. Buyers who were looking online on different syndicate sources such as Zillow or Realtor.com etc. won’t even see the property show up. So it basically disappears.

What I recommend doing if you are a buyer, or know that you will be a buyer shortly once the dust does settle, is have your agent send you a list of properties that are in hold status within your parameters. That way you can see which sellers do have an intention of selling and get a little bit of a head start for when you do get back out there and actively start looking.

Be well, stay safe, and I’ll talk to you soon!

For similar tips, tricks, and neighborhood explorations, check out our Videos. You can also check out Katrina’s YouTube account for property walkthroughs and more.

 

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