What Is A Buyer's Market?

What is a buyer's market? Buyer's market is generally when there is more than enough homes on the market for sale. Buyer's market is generally when there is more than enough homes on the market for sale....

Buyer's market is generally when there is more than enough homes on the market for sale. When you are in a position like that, the prices for the individual homes are not going to be as high as what they would be in a seller's market. If a family is looking at one house and they are in a buyer's market, and there is something about that house that they don't like, then they can move on to the next house and wait to see if they find something better. If they are in a seller's market, where there aren't enough homes for the amount of buyers in a particular area, then it's really up to the sellers. The sellers can raise the price as much as they want and the buyers really don't have a choice. Even if they come across a house that they really don't like, the odds that they will find another house equally as good is a lot less. So they would tend to make sacrifices and get into that house as opposed to searching around and may not be able to find a house just as good.

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