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
(1) Temporary and symbolic payment showing good faith and obligating two or more individuals until a final transaction takes place. The binder is typically returned if the final agreement ...
Direct line of descent as from father to son. An example of a lineal hereditament would be passing of the title of real property by virtue of a will to the first-born son. ...
Any of a number of types of covenants agreeing to do or not to do something that is attached to the title and is passed form one owner to the next. See also covenant running with the land. ...
Unable to sell an investment to obtain cash in the short-term without incurring A significant loss. Real Estate is typically not liquid because of the inability to sell property to raise ...
Opening in the wall of a structure to let in air and light. ...
Span of time a rental agreement is free to the occupant. A landlord may offer this as an incentive to stimulate rentals. For example, an owner of an office building may provide a free ...
Costs taken over an above what one is entitled to. This can occur either by claiming depreciation costs exceeding actual depreciable value or by depreciating items that cannot be ...
Charge by the lender to keep credit available to the potential borrower. Once the loan is made, interest is charged on the amount borrowed. Real estate businesses often need money available ...
Local government ordinances governing real estate development including structural and design aspects. Zoning ordinances usually define various usage classifications ranging from ...
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