Differences Between Buyer's Market and Seller's Market in Real Estate
Posted by Stephen Lau on
If you are in the real estate market to buy or sell your home, then it is important to understand the key differences between a buyer’s and seller’s market. The common misconception in the real estate market is that some seasons offer better conditions for buyers and the remaining seasons are profitable for the sellers. However, this is far from the truth. The real estate market is primarily influenced by economic conditions as well as the nexus between supply and demand. Let’s understand the buyer’s market and seller’s market in detail.
What’s a Buyer’s Market and Seller’s Market?
A particular market can be considered a buyer’s market when there’s an excess of homes on sale, but there are only a few buyers to purchase them. On the other hand, a…
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