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News for Sellers

Sellers Market

The Sellers market is pretty much the exact opposite of a Buyer’s market. It is a market that is shaped by an undersupply of homes and where hungry buyers become aggressive, desperate, and even “outright” mad to purchase a home of their suiting. In this type of market, you will often see agents underprice their listing and hold offers to presented at a later date to allow all of the frenzied buyers to see the property and bid on it.

 

For this instance, buyers are typically gathered at a mutually beneficial location to compete against one another, with the strongest offer ultimately winning the bidding war. In this particular environment, the Seller almost always has the final say about what terms and conditions are acceptable and required.

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