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
The definition of a full covenant and warranty deed in real estate is a type of deed that includes a number of specific assurances that certain conditions will be met that go above and ...
Organization dedicated to creating and furnishing the most timely and effective advice and direction for the professional management and financing of facilities and services for ...
Involves monthly payments for property taxes and insurance, besides principal and interest. The tax and insurance payments are put into an impound account. For a residential mortgage this ...
Appraisal approach where property values are estimated by comparing current comparable sales. See also market approach. ...
List of records kept of what is owned by an individual such as the deed to a house and the title to land. ...
Anything that has physical substance and form, such as land and buildings. ...
The term action in personam is used mostly in legal proceedings because Roman law heavily influenced our judicial system. Many terms used in law have their roots in Roman law, not only this ...
(1) Licensed broker employed to represent and match both buyers and sellers. Usually employs several real estate agents in an office. (2) Commission or fee charged to sell real estate or ...
In real estate, asking price is referred to as the amount set by the seller, the amount he/she wants to receive for the purchase of their home by the buyer. The asking price isn’t ...
Have a question or comment?
We're here to help.