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Real estate is a cyclical business. For months or even years conditions may favor the buyer. Then, over time, the pendulum will swing the other way and circumstances will favor the seller. The market forces of supply and demand help determine whether it is a buyer's or seller's market. When the supply of homes is high, the sense of urgency for buyers lessens. Because there are more homes to choose from buyers can be more selective and may wield more power during the negotiations. In turn, sellers may need to lower their asking prices to attract consumer interest. Conversely, in a … (0 comments)
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