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

HomeLight

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. When you’re selling, the type of market you’re in makes all difference to your bottom line.

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Should I Sell My Current House Before I Buy a New One?

HomeLight

Or, you could wind up paying two mortgages for a while if you go ahead and buy that dream house before you’ve sold yours. Each option may have advantages that depend on market conditions. Start by understanding the market. It helps to know where the market is now and where it’s headed. In a buyer’s market.

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

HomeLight

After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. You found your new home and want to avoid carrying two mortgages. Your house has been on the market three months or more. Contingencies : Various types of purchase contingencies can delay a sale.

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Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

Does a ‘Sale Pending’ sign materialize on your neighbor’s yard a few days after a “For Sale” sign appears? If these scenarios ring true, chances are you’re in the midst of a seller’s market. Lack of supply is a significant factor that contributes to a seller’s market.

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Is It a Good Time to Sell a House, As Home Prices Would Suggest?

HomeLight

Many Realtor boards publish monthly market reports featuring data on local home prices and days on market trends to give you a more precise gauge of market temperature. The Mortgage Bankers Association’s weekly survey indicated a record demand for mortgage applications. Go off-market.

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