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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

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The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). You may receive multiple competing offers.

Marketing 110
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Do I Accept the First Offer on My House, or Wait and See?

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If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer. Common contingencies include an inspection contingency and an appraisal contingency. That’s because recent sale prices of comparable homes impact the amount of money you’ll get for yours.