Buyer’s Market

    This is a situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. The opposite of a buyer’s market is a seller’s: market a situation in which demand exceeds supply and owners have an advantage over buyers in price negotiations. During the housing bubble of the early-to-mid 2000s, the real estate market was considered to be a seller’s market. Property was in high demand and was likely to sell even if it was overpriced or not in the best condition. In many cases, homes would receive multiple offers and the price would be bid up above the seller’s initial asking price. The subsequent housing market crash created a buyer’s market in which sellers had to work much harder to generate interest in their homes. Buyers expected the properties to be in excellent condition or priced at a discount and could often secure a purchase for less than the seller’s asking price for the property.

    Testimonials

    Our agent (Whitney Stringer) was great! She was easy to work with and only showed us homes that we were interested in seeing. She even rearranged her weekend schedule to meet us when we came in from out of town to look at homes on short notice. She was professional, courteous, and a pleasure to work with. Because of here we would gladly work with Amanda Howard again in the future.
    Nathan D.

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