b'Real Estate Market CyclesThe real estate market is like many things in life and businessconstantly changing! Thats not a bad thing! Whats important is to have a resource that you can trust to make sure that youve got a solid understanding of what market trends mean for you, and your buying and selling power. There are three types of real estate markets:ASellersMarketThishappenswhentherearefewerhousesonthemarketandthebuyersaretheonescompetingfortheproperties.Thisisoftenwhenyouseemultiple-offersituations,andpurchasepricesometimeshigher,evenmuchhigherthanthelistprice.Thismarketfavorsthesellers.ABuyersMarketThishappenswhenthereisafloodofpropertiesonthemarketandhomesellersaretheonescompetingtoattracttheattention(andsecurethecontract)fromamuchsmallerpoolofbuyers.Inthismarket,youllseelowerpricepointsandtermsthatfavorthebuyers.ABalancedMarketThishappenswhenthereisamoreevenbalancebetweenpropertiesforsaleandbuyerscomingintothemarket.Thismarketisthefairerandmoreequitableofthethree,butismuchlesscommonthanitstwocounterparts.srqpr.com 5 941-777-0424'