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The Buyer's Market: It's Over-Rated
Is it a buyer's market in Lexington, Tn???
Good reading.
Linda Lipscomb   RE/MAX Unlimited   870 W. Church St.
http://LindaLipscomb.com   731-249-5376     731-695-1118

The media has been telling us it's a buyer market for some time. The real estate community talks about it too. Everyone seems to believe it.
I think the Buyer's Market is over-rated. 
Before you get your britches in a bunch, hear me out. 
Saying it's a buyer's market, as a general rule, overlooks those markets, and niches, where this is clearly not the case.  
Calling it a buyer's market gives buyers a false sense of security. They think they are always in the driver's seat, calling all the shots, and can get homes for 10%, 20% or more off the market value. Not always so.  
It suggests that homes are sitting around waiting for buyers (yep there are plenty out there) to make any offer, and that sellers are desperate and will relinquish their homes for whatever the buyers are willing to pay. Buyers won't have to compete, and they can afford to take their time making a decision since inventory isn't moving until the buyers make it move. Again, not always so. Granted, there are plenty ... more

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