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Characteristics |
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Implications |
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Buyer's Market:
The supply of homes on the market exceeds demand. |
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High inventory of homes. Few buyers compared to availability. Homes on the market longer. Prices tend to drop. |
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More time to look for a home. More negotiating leverage. |
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Seller's Market:
The number of buyers wanting homes exceeds the supply or number of homes on the market. |
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Smaller inventory of homes. Many buyers. Homes sell quickly. Prices usually increase. |
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May have to pay more. Make decisions quickly. Conditional offers may be rejected. |
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Balanced Market:
The number of homes on the market is equal to the demand
or number of buyers. |
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Demand equals supply. Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices generally stable. |
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More relaxed atmosphere. Reasonable number of homes to choose from. |
Once
you have decided to sell your property, the first thing is to
list your property – establishing with Me the terms and
conditions of the sale.
House
hunting begins at home... with planning. Before you grab
the road maps and hit the streets, you need to know how
expensive a house you can afford to buy.
Moving
is definitely not easy, but this section offers tips to
make the whole experience easier, less trying, and less
expensive. 
