Seller, What's a Buyer's Market when you're moving up?

By
Real Estate Agent with RE/MAX Victory

Seller, What's a Buyer's Market when you're moving up?

 

BUYER’S MARKET DEFINED

 

Þ    A Surplus inventory of homes on the market

Þ   More Sellers than Buyers

Þ    Low/No appreciation levels

Þ    Motivated Sellers as your competition

Þ  Sellers offering incentives

Þ   More than 6 months of supply on hand, based on the number of homes sold per month (Many markets have 9-12 Months Supply)

 

Let’s think about this. If you are moving up, A Buyer’s Market or a Seller’s market, does it matter? 

If you want to sell your home to buy another home, the Buyers market, or Seller’s market, for that matter is less relevant to the big picture than you might think. 

Any dollars that you may give up on the sale of your home, you are very likely to make up when you buy. It washes out, so pricing it right in the first place is a win-win situation for you.

 

In this Buyer’s Market, who demands a bargain?

 1.     Buyers for your house

2.     You, when you move

 

Just some food for thought! 

 

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Topic:
Home Selling
Location:
Ohio
Tags:
real estate market
buyers market
remax agent
beavercreek real estate
dayton realtor

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Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Laurie, move up buyers do have a BIG advantage in this market - so true.

Dec 06, 2011 01:37 PM #1
Rainmaker
40,955
Laurie Scalf
RE/MAX Victory - Beavercreek, OH

Thanks for the comment! It's hard to explain to clients sometimes. They want to get a good deal on what they buy, but want yesterday's price for what they are selling!

Dec 08, 2011 01:37 AM #2
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Rainmaker
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Laurie Scalf

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