What makes a Buyer's Market?

Real Estate Agent with Keller Williams Realty TN R.E. License 292369

We hear it all the time, we probably tell it to our clients all the time.  It's a buyer's market or it's a seller's market.  What does it really mean?

In simple terms, a buyers market is when there are many more homes for sale than qualified buyers.  It means that buyers have more homes to choose from; that those who utilize a good agent will generally have an edge in negotiations; and that they may be able to get into a house or neighborhood that may have been out of their reach in a strong seller's market.

When buyers have no house to sell, the advantage can be all theirs.  When a house is involved, they are subject to the same tough sell conditions as the sellers of the house they wish to buy.  

It is important to remember this, be it a buyer's market or seller's market, when you have to sell before you can buy, the advantage is all relative.  Just as your windfall from your sale in a seller's market probably will have to be spent when you turn around and buy; in a buyer's market the savings on your new house may be eaten up by the concessions you had to make to sell.


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Franklin TN, Brentwood TN and Nashville Tennessee Real Estate

Keller Williams Realty
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Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Mike - Good job on this. I think you have the general idea of what people are looking for, and how to present it.

Oct 08, 2008 12:21 PM #1
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi and welcome to Active Rain, a great site to network, share, learn and have fun. Good Luck....

Oct 08, 2008 02:34 PM #2
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Franklin & Brentwood, TN Homes Mike Nastri

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