What Happens When the Market Favors Sellers?

Tampa Bay Real Estate Podcast with Karen and Joe Donovan

Innehåll tillhandahållet av Karen and Joe Donovan and Joe Donovan. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Karen and Joe Donovan and Joe Donovan eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

7y ago

MP4•Episod hem

What exactly is a seller’s market? Let’s find out.

Looking to sell your home? Get a FREE home value report
Looking to buy a home? Search all homes on the MLS
Interested in a career in real estate? Let's meet!

What is a seller’s market? This is a question I’m commonly asked, so I’m going to address it today. Contrary to how the name may make it sound, a seller’s market actually means that there are more buyers than sellers. A seller’s market is one that favors sellers. Let me give you an example. Imagine a town with 10,000 households and 300 houses for sale. Not many people move in this town, but there are a couple of new businesses in town, and these businesses are drawing in new employees. All of these buyers are competing over the same 300 houses.

When the market is in the seller’s favor, they can sell quickly and for top dollar.

According to the laws of supply and demand, this sets sellers up for success. When there is a limited supply of a product, the people who are selling it can take advantage of the increased demand. This applies to real estate as well. When the market is in the seller’s favor, they can sell quickly and for top dollar. However, buyers in a seller’s market are not necessarily at a loss. There are some tips and tricks you can use as a buyer to still get a good deal. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

14 episoder