QUESTION: We are always reading about a buyer's or seller's market in real estate articles. What exactly are they talking about?
ANSWER: In real estate terms it means there are more available houses for sale than there are available buyers. With a surplus of house listings to choose from, home buyers become more selective and sellers more anxious to sell often at attractive prices.
On the other hand, a seller's market is the reverse. You have many ready buyers shopping a smaller market of available homes. In this type market, sellers generally have the upper hand and can command good offers, often above the listed price. http://justlistedknoxville.com/newsletter/
We encourage you to invest a little time reviewing the information avaliable in our NewsLetter to get a deeper understanding of how the real estate industry is changing. http://justlistedknoxville.com/newsletter/
Then, buckle up and experience home BUYING the way!
We give no-nonsense real estate advice to buyers and sellers most pressing questions.
http://justlistedknoxville.com/We give no-nonsense real estate advice to buyers and sellers most pressing questions.
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