What is a Buyers Market or a Sellers Market?
A. In a buyers market, the buyer has the advantage. This will happen when the real estate market slows down. You will get more home for your money. This doesn’t mean there are more homes for sale, it just means that you now have a bargaining chip when it comes to negotiating a price for the home you want. You will know you are in a buyers market when the news starts announcing that the building of new home sub divisions are coming to a holt or dramatically slowing down. Another sign that it is a buyers market, is when mortgage interest rates start going up. In a sellers market, the seller has the advantage. They will list their home for a higher price than normal or be very picky when it comes to accepting an offer on their home. During a sellers market, rates are generally lower and the new housing market is rapidly growing. Although the seller has the advantage during a sellers market, there is a very little increase of home for sale than in a buyers market. The reason for this is th
