Real Estate Investors: Is it a Buyer’s Market or Seller’s Market? (cont)
What’s a Buyer’s Market?
A “buyer’s market” — or a cold real estate market — is a market in which conditions favor those willing to buy a property. Even without being an expert on economics, you might have guessed that this happens when more people are trying to sell their homes (or rental properties) than those who are looking for a home (or rental property) to buy. A buyer’s market leaves buyers with a wide range of properties to choose from and little competition to struggle with. Buyer’s market is especially good for first-time home buyers or people just starting with real estate investing as it allows you to buy your dream property at a lower price.
Now that we know what a buyer’s market is in principle, let’s see how we can know that it’s a buyer’s market now.
Features of a Buyer’s Market:
More properties on the market than in past periods.
6 months or more of inventory on the market.
Listed properties spending more time on the market.
Current listing prices below previous sales prices.
Lower overall closing percentage.
Falling average house prices.
Flourishing real estate ads trying to attract buyers.
A buyer looking for an investment property can view projected returns when viewing any property.
So, if it’s not a buyer’s market at the moment, is it a seller’s market? . @bwc_properties .
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