Yusra3
VIP Contributor
A buyer's market is when there are more properties available for sale than there are buyers looking to purchase them. This often happens when the economy is slowing down and people are less confident about their job security or future income prospects. Buyer's markets can also be created by an increase in new construction, as developers try to sell off their inventory before prices drop any further.
The main advantage of buying in a buyer's market is that you have more negotiating power with sellers. Since there are more properties on the market, sellers are often willing to accept lower prices, make repairs or offer other incentives to sweeten the deal. This can be a great opportunity for buyers who are patient and prepared to do their homework.
The main advantage of buying in a buyer's market is that you have more negotiating power with sellers. Since there are more properties on the market, sellers are often willing to accept lower prices, make repairs or offer other incentives to sweeten the deal. This can be a great opportunity for buyers who are patient and prepared to do their homework.
