Seller's Market
Definition of "Seller's Market"
A Seller’s Market is the opposite of a Buyer’s Market. It’s that moment when conditions of the Real Estate Market are more favorable to Home Sellers than to Home Buyers. A Seller’s Market usually occurs when there are few houses on the market available for sale and a lot of people looking to buy them. It is the dream to every home seller and Listing Agent because it allows them to raise the price of their offerings and be harder on the negotiation. After all, they have a winning hand.
But no Real Estate Market moment lasts forever. As soon as real estate developers notice that particular market has a bigger demand than supply, they will – if possible - start building new properties around it and pretty soon prices will start to rise. So, independently of a Buyer’s Market or a Seller’s Market, you should always be making a rational Market Analysis to understand what horse you should ride in.
Real Estate Secrets:
Determining if it’s a buyer’s market or a seller’s market depends on specificities of time, place and location of the sale, but there are some almost universal trends that determine The Best – and Worst – Times to Buy a Home. Take a look at our blog post to find out the right (and wrong) moment to buy and sell your house according to seasons.
You can also save some time and let an agent do all of that for you. Look for a trustworthy one at The OFFICIAL Real Estate Agent Directory®
Popular Real Estate Terms
A building having one house hold on the first floor and a second household on the second floor. ...
Court order whereby the bankrupt debtor is forgiven of this or her debts. Even though the debtor is no longer obligated for discharged debts, the bankruptcy remains in his credit report ...
Accruals make up the basis of the accrual accounting method together with deferrals. The accrual method definition explains how the company’s accountant makes modifications for gained ...
tenancy having no written lease or contract. A periodic tenancy can be on a month-to-month or week-t-week basis. ...
Amount charged for each unit of rental property. An example of a unit might be square footage of space or an apartment. ...
Condition that affects the probability of losses or perils occurring. An example is possible earthquake or flood damage to a house. ...
Inflation adjusted income relative to be a base period. For example, real rental income is adjusted for changing price levels. ...
fee to use a bridge or tunnel. Fee assessed to use someone else's property. ...
Room in a building used to collect solar heat. To provide for such collection, a room is generally constructed with a glass roof and walls. ...
Have a question or comment?
We're here to help.