Wondering what type of market we are in? Buyers Market vs. Sellers Market.

Whether it is a Buyers Market or a Sellers Market, there are important things to know about each.  The Lawhead Team would like to share some items to keep in mind depending on what type of market we are in.

When the inventory of houses available for purchase in an area is high, then buyers will have an advantage. Sellers may be concerned about their competition and might be willing to come down in price, accept conditions on the purchase or make upgrades to the property in order to secure a buyer.

When inventory is low, then sellers are likely to have the advantage. In a seller’s market there are typically multiple offers for homes and the sellers are not under any pressure to accommodate requests from buyers – as there is likely another buyer willing to purchase without any conditions or at a higher price.

Of course, all real estate is local so you can have buyer and seller markets within a larger market or at different price points.

If you would like to improve your chances of getting the house you want in a sellers market, follow these tips:

If you are selling your home and you are in a buyers market, follow these tips to speed up your sale process:

Regardless of the market conditions, most buyers and sellers have limited experience in real estate transactions. It is always appropriate to work with a professional like The Lawhead Team, whether you are buying or selling.