Buyers Market Or Sellers Market

Dated: 02/09/2014

Views: 737

When you buy your new home, you want to make sure you’re getting the best possible value for your money. You may have heard the terms "buyer's market" and "seller's market" and are now wondering what effect these conditions have on you as you move ahead with your transaction.A buyer's market is what you get when there's more supply than demand. There are more people looking to sell houses than there are people looking to buy houses. In a buyer's market, sellers may have to accept a lower price than they want to sell their home and may have to resort to staging and incentives. This is the ideal situation for buyers, because they can get a great deal.A seller's market is just the opposite. The demand is larger than the supply. People have more money to spend on real estate, so sellers will often see several buyers competing to buy their property, which drives up the price. This means that buyers will have to spend more to get what they want. This is the ideal situation for sellers, because they get a great price on their homes.It's important to remember that even within the same country or the same state, there can be several different markets. So you might run into a situation where you're both selling your home at an advantage and buying your home at an advantage, or any combination of the two, depending on where you decide to move to. This is often a factor in people's relocation decisions.Buyer's markets and seller's markets don't last forever. It's hard to predict what the market will do with any accuracy, though, and things change slowly. You might end up waiting months or years for things to change. And when circumstances do change, they may not change in your favor. This is an important factor to consider when you're deciding when to buy or sell real estate.
Blog author image

The Louis Williams Real Estate Group .

My goal is to design, create, and deliver unique & exceptional marketing tactics to support expansion and growth of The Williams Team. Given my knowledge and experience with Marketing, I have brought ....

Want to Advertise on this Site?

Latest Blog Posts

Slidell New Construction

Slidell home buyers, look no further!!I have here a new construction at a great price!The link below will bring you straight to the listing.Enjoy and please do not hesitate to reach out with any

Read More

Sweet Bay

Lovely 4B/2.5b home with bonus room situated on a cul-de-sac lot. Hardwood floors in Foyer, Formal Dining & Den. Den boasts of a gas fireplace with french doors leading to the screened

Read More

Southern Living

Who wouldn't enjoy this beautiful kitchen doesn't matter if you can cook a little or not at.

Read More

AROUND TOWN Madisonville Wooden Boat Festival October 13th And 14th

This year the The Town of Madisonville celebrates its 29th annual Wooden Boat Festival on the banks of the Tchefuncte  River next weekend, October 13th and 14th.  This is one of the north

Read More