You probably heard terms "Seller's Market" and "Buyer's Market". If you ever wondered what that means, here is a quick visual guide.
Simply put when there are more buyers on the market then available homes for sale it is seller's market. When there are more homes for sale than buyers who are willing and ready to purchase a home it is buyer's market. Why it's important? Because during Seller's Market prices are going up (great time to sell) and during Buyer's Market prices are going down (great time to buy). Important to remember that market is always local. Example: it is possible to sell a home at advantage in well established sought-after neighborhood and to buy a home at advantage a little farther out in some newer developing neighborhood same time.
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Author:Brian Hargrove Phone: 919-830-5233 Dated: May 8th 2019 Views: 818 About Brian: ...
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