Isn't a buyer's market a seller's market too?

I have to agree that it can be considered whatever market you want it to be. You are so right that people think that because there are good deals and foreclosures on the market, then every property can be had for whatever I feel like offering. Had this very discussion with a gentleman looking for something for nothing this morning. I said offer whatever you feel it si worth and if the sellers will not accept I will try to get them to counter.

How many times have you, as the listing agent had to present an insulting offer, an unrealistic offer? Your clients get mad, will not counter even at full price minus $1. So if the buyer was serious, and really wanted the property, what did they accomplish by offending the seller? Nothing because now they will never get this property.

Getting buyers to make realistic offers based upon recent sold comps is a battle. Same thing can be said for sellers wanting to list above recent sold & active comps. Part of the joys of being a REALTOR!

I tells Buyers, yeah, it is a Buyer's Market but that does not mean people are giving away their profits and equity.