Surviving in a Seller’s Market
What is the difference between a buyer’s and a seller’s market? As its name suggests, a buyer’s market is beneficial to the buyer and a seller’s market is beneficial to a seller. A buyer’s market is a market in which the supply is higher than the demand. A seller’s market exists when the demand for homes exceeds the supply, or there are more buyers looking to purchase a home than there are homes available. The outcome is multiple offers on a single property which leads to a bidding war. If you are lucky enough to be experiencing a seller's market in your area, it is indeed a fabulous time to sell. Not [...]