The ‘Buyers Market’….Explained

  • Buyers
  • 1:35 pm
  • No Responses
  • Print This Post

It’s a familiar terms, but what does it really mean?  How does it happen? And, most important, how can it be best exploited to your advantage?

Put simply, a ‘buyers market’ exists whenever market conditions heavily favor the buyer.  The situation typically begins with reduced housing demand…leading to reduced home values and prices. A gradual reduction in sales puts ever more homes on the market, and for longer periods of time.  This in turn leads to a still further drop in demand…and round and round it goes, for some unknown length of time.

Exploiting the present situation to the buyer’s advantage is all about a single factor – timing.  Many savvy buyers now agree that the very best time has arrived and are making their moves; in fact, they know that waiting can indeed be very, very costly because the market can turn with surprising speed.

So don’t wind up waiting too long – then missing and regretting forever – what may well have been your bargain of a lifetime. As the song goes, ‘These are the good old days…’ And indeed they are.

Leave a Reply

Your email address will not be published. Required fields are marked *