This is How to Negotiate The Buyer's Market via @email.com

Buyer’s Market v. Seller’s Market

Many first time home buyers can feel like they are wandering in the dark. Other than “location, location, location”, they do not have a good amount of real estate knowledge to go off of. So when someone says “it’s a buyer's/seller's market”, just what do they mean by that. In short, a buyer's market benefits the buyer, and a seller's market benefits the seller. So how can you know if your desired area is in a buyer’s market or seller's market? Look for these identifiers:


Buyer’s Market

  • Typically there is more supply than demand----high inventory for that area. >6 months
  • Takes longer for homes to sell.
  • Listings stay up longer.
  • Prices are falling.
  • High negotiating power.
  • You’ll see much more advertisements in a buyer’s market.
  • Low closing percentage.

Seller’s Market

  • Typically more demand than supply---low inventory <6 months.
  • Homes sell quickly.
  • Listings are not up for very long.
  • Prices are rising.
  • Low negotiating power.
  • Less advertisements in a seller’s market.
  • High closing percentage.

Balanced Market

  • Not typically the norm, inventory is at 6 months.

If you are a first time home buyer, it is important to do your homework and research not only on the market itself, but on agents and realtors as well. The more educated you are in the market and business, the better your chances are of being content upon closing.

Latest Posts

The Art of Changing Realtors When You Need to via @homebidz

The Art of Changing Realtors When You Need to

First Time Home Buyers Click Here Finding a realtor can be kind of like dating. There are a ton of them, each with their own set of pros and cons, different areas of expertise, etc. So, when you start forming a...
Loans, Fees, and the Real Cost of Owning Your Home via @homebidz

Loans, Fees, and the Real Cost of Owning Your Home

Need a Home Loan? We know this may come as a shock, but that home that’s for sale for $350,000 will actually end up costing about $575,000 over time. How? Between the interest rates, insurance, property tax, and...
Rent to Own vs. Traditional Mortgages via @homebidz

Rent to Own vs. Traditional Mortgages

Need an FHA Loan? It’s no secret that most people seek out rent-to-own home options over traditional mortgages because of credit issues: either their credit is fair or poor or simply just unestablished. Depending...
Why Does My Credit Matter? via @homebidz

Why Does My Credit Matter?

Click Here to Look at Bad Credit Home Loans Honestly, if you have less than perfect credit, you can still potentially buy under a rent to own option, but you still have to get financing at some point, so you'll need to...
Taking the First Step on Your Rent to Own Journey via @homebidz

Taking the First Step on Your Rent to Own Journey

Looking for Rent to Own? When considering a rent to own journey, there certainly are a couple different choices. Each requires the rental property itself, two authorized documents, and then -- sometimes -- an...
Simple Ways to Save for Your Down Payment via @homebidz

Simple Ways to Save for Your Down Payment

Need Family Support? There are a lot of different ways to purchase a home. You can get creative and try owner-financing, or even buying a home at an auction. For the majority of us though, we’re still using banks and...

Categories