Do you know how to navigate the different types of real estate markets?
Do you know the difference between a buyer’s market and a seller’s market? Not many people do.
A buyer’s market exists when the supply of homes is greater than the demand for them. Conversely, a seller’s market exists when the demand outweighs the supply, says Homelight. This trend can change from area and not just market conditions in general; for instance, one part of town can be a buyer’s market where another part of town is not.
Also, when it is a seller’s market, many buyers do not know what is needed in order to get a house under contract during a multiple offer situation. A lot of times it is not price alone that gets a buyer a house in these situations.
Use Your LuxuryMovers Team as your real estate agents to help you navigate this process, they have been buying and selling real estate in the Triangle area since 2003. Message, call or email us today – we can help!