What makes a Buyer's Market?

By
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.

 

Monopoly guyF

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Franklin TN, Brentwood TN and Nashville Tennessee Real Estate

 
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9175 Carothers Pkwy, Ste 110 | Franklin, TN 37067 | 615-778-1818
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The opinions expressed by The Activerain Network and it's members and those providing comments are theirs alone, and do not reflect the opinions of Rodney Kennedy, Mike Nastri or Keller Williams Realty - Franklin, TN which is independently owned and operated. Neither Rodney Kennedy, Mike Nastri or Keller Williams Realty are responsible for the accuracy or content provided by The Community.
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Rainmaker
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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
Rainer
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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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