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Consider fixer-uppers or land to build on.
He shared how he developed a small housing community on vacant land during the last housing crisis.
We offered affordable custom homes, and despite the market conditions, the community sold out within 18 months.
Build an ADU
Another option is to build an ADU on your own property, Kootchick recommended.
He pointed out that some states have made this easier to do.
California passed new ADU laws in 2020 making it much easier to add a second unit.
The ADU income can also help qualify you for a new mortgage.
Sell your existing home once youve closed on the new one.
There are always options in a tight market you just have to think outside the box.
With the right financing and creative strategies, you might achieve your goals despite limited inventory.
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