Decide with supply and pace in mind, not hope.
Trying to decide whether to wait for more choices before you buy? In Placentia, CA, I would not base your plan on waiting alone, because supply has been limited and the market has been moving quickly. Here is the constraint I plan around based on the previous 30 days 1.06 months of supply was reported last month.
That matters because limited supply often means the right home can be rare, and when it appears, it can move quickly. Waiting can be a strategy, but only if you have a clear trigger for when you will act. A typical sale took 18 days last month in Placentia, CA. Typical accepted offers landed around 101.2% of asking, which supports the idea that buyers should be ready to compete on the right homes. Strategy Decide your "go" criteria now, such as location, layout, and maximum price, so you can act quickly when a match appears. Tour enough homes to learn the market, then stop over-shopping, because indecision gets expensive in a fast environment. If you choose to wait, set a deadline and a backup plan so you are not drifting without progress.
About Ashley Kay
Ashley Kay is a licensed Real Estate Professional affiliated with Re/Max Champions, specializing in the Placentia market. With a focus on strategic marketing and deep local knowledge, Ashley Kay provides clients with expert guidance in navigating complex real estate transactions. View full profile →
