Tell all Tuesday! Breaking down the difference between a Buyers Market and a Sellers Market
Some aspects of Real Estate can just be utterly confusing. One of the most important things to look for when you are researching the market is whether it is a “buyers market” or a “sellers market”. This can really influence what type of experience and set backs you may run into whether you are looking for your new dream home or looking to sell your home. So lets break it down! A buyers market occurs when the supply (number of homes available) exceeds demand (the number of buyers seeking to purchase a home). So if you are looking to buy a home this is the right time! There are going to be a lot of available homes on the market, and you may be able to snag your dream home for a better and lower price. On the other hand, if you are trying to sell your home in a buyers market, your property may remain on the market longer due to many other properties being on the market as well. A sellers market is quite the opposite! This occurs when demand (numbers of buyers seeking to purchase a home) exceeds supply (number of homes available). More times than not,