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

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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. It can affect: How you prepare your home for sale. Too few resale homes for sale. Home prices rise.

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Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

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If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal.

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Buying a House Online? How to Get it Done in 15 Steps

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They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

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While that still happens in scenarios where a seller can’t afford repairs or is facing serious issues with a property, cash sales have expanded beyond the distressed homes market, as sellers benefit from new technologies, instant sale platforms , and a competitive housing environment that has increased the percentage of cash offers.

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

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After listing your home for sale, you eagerly, nervously … anxiously await the news that someone wants to buy it. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Eventually, the call comes.

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Thinking About Writing a Love Letter to the Seller of Your Dream Home? It’s Not Always a Good Idea

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They may already be feeling emotional about selling a childhood home , or there could be disputes about the sale proceeds. Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. Again, emotions may be high.