Buyers Market? Sellers Market? In all real estate transactions what is the one item they all center around? PRICE! Does the type of market that any home may be in matter (Buyer, Seller, Up, Down)? NO! What it all comes down to is the finial negotiated PRICE!
Lets be honest on who establishes the price. The Seller? NO! The Real estate agent and/or broker? NO! The assessor? NO! Or your insurance agent? NO The GUY down the street who just sold his home? NO!
Most of us(Brokers, Agents, Appraisers and even some lenders) agree that "The Buyer sets the price" Your home is only worth as much as a buyer is willing to pay for it.
Does this mean that Buyers never get a great deal or below market value purchase? What about Sellers do they ever sell for above market? Yes & Yes Ideally both parties get a fair DEAL. Usually most deals are fair and all parties have been dealt with ethicallyby all involved. If not please report any wrong doing to your local board of real estate, or your state real estate commission. Speak the truth
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