While searching the internet looking to buy or sell a home you may have come across these two terms, Buyers’ Market and Sellers’ Market. There is article after article full of advice and tips on how to navigate these markets, but most of them neglect to tell you what that means!
The terms Buyers’ and Sellers’ market is referencing the shift of supply and demand in the real-estate
market. These shifts are often controlled by the rise and fall of the interest, which usually
determines whether or not people can qualify and afford to buy homes. When people have
the ability to buy the market floods with new consumers looking to upgrade or move.
When people aren’t able to afford homes the amount of prospective buyers decreases leaving the
market full of sellers.
market. These shifts are often controlled by the rise and fall of the interest, which usually
determines whether or not people can qualify and afford to buy homes. When people have
the ability to buy the market floods with new consumers looking to upgrade or move.
When people aren’t able to afford homes the amount of prospective buyers decreases leaving the
market full of sellers.
If that wasn’t clear, put simply, a Buyers’ Market means that there are less people looking to buy
homes than sell them, while a Sellers’ Market has fewer people looking to sell homes than buy
them. Get it? It’s supply and demand.
homes than sell them, while a Sellers’ Market has fewer people looking to sell homes than buy
them. Get it? It’s supply and demand.
In a Buyers’ Market, the market is tipped towards the interest of people looking to buy new homes.
There’s moreof a supply of homes on the market than there is a demand of people looking to buy.
Meaning there are fewer people trying to buy then the supply of people looking to sell their homes.
As a buyer in this kind of market you’regoing to be able to get a better price on a home
then you would be able to otherwise. Sellers will be more willing to lower their asking price
giving you a boost in the negotiation process, especially if the other party has been looking to sell
for a while. However, a seller in this market is more likely to have their house sit for a longer
period of time since buyers have a surplus of options. They’re also more likely to have to make
concessions in the negotiation process to keep a buyer from moving on to a better deal.
A Sellers’ Market tilts the market in the sellers’ favor. There is more of a demand of people looking to buy new homes than the supply of homes on the market. As a seller in this market, you’re going to have the upper hand in any negotiations. Buyers are willing to act fast and are willing to concede more to you in order to beat out other prospective buyers. However, a buyer in this market will have to deal with more competition for a property and has to be willing to pay more in order to outbid other buyers.There’s moreof a supply of homes on the market than there is a demand of people looking to buy.
Meaning there are fewer people trying to buy then the supply of people looking to sell their homes.
As a buyer in this kind of market you’regoing to be able to get a better price on a home
then you would be able to otherwise. Sellers will be more willing to lower their asking price
giving you a boost in the negotiation process, especially if the other party has been looking to sell
for a while. However, a seller in this market is more likely to have their house sit for a longer
period of time since buyers have a surplus of options. They’re also more likely to have to make
concessions in the negotiation process to keep a buyer from moving on to a better deal.
Delana Cotton is a REALTOR ® and servers the northeast Atlanta region that includes Dacula, Winder, Lawrenceville, Buford, Snellville, Conyers and surrounding areas. Delana treats every transaction as if she were you, the buyer or seller. If you have a real estate transaction on the horizon, meet Delana for a no pressure chat over coffee. For more information visit GreaterAtlantaAreaHomesF
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