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The Buyers Market ... Can We Talk?
"Buyer's market" is a term that is thrown around more often than a baseball on Opening Day.  But as frequently as the topic of Buyer's market comes up, I find that there's a good amount of misconception on the part of the consumer on how to handle this environment. 
The buyer's market can be defined as a real estate market where there's a large selection of homes available for sale in different price brackets.  The selection is vast--but, vast with what?  To a REALTOR who's seen a huge amount of inventory in numerous townships, I can accurately report that there's a lot of TIRED homes out there, posing as "great listings", with a smattering appearance of move-in condition homes that are priced attractively below comparable sales.  So although there may be a large number of homes to choose from, the newer inventory that's priced well, sells incredibly fast, sometimes with multiple offers on the property.
What happens to the market weary homes?  They sit unsold, until someone makes a "lowball" offer.  The house may sell for much lower than it would if it were priced correctly the first day.  Or, the listing might expire, only to be relisted by another REALTOR who ... more

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