You want every advantage that you can get when you’re buying a house. And that can get tricky in a seller’s market, when inventory is low and there’s a lot of competition for the homes that are available. So how do you make sure that you get the best house and the best deal when you’re buying in a seller’s market? It comes down to a bit of savvy real estate know-how—including having a smart strategy for positioning yourself ahead of other buyers.
Seller’s Market vs. Buyer’s Market
The first thing to know when you’re interested in buying in a seller’s market is the exact market conditions that you’re walking into. In a seller’s market, there are more buyers looking for homes than there are homes for sale. This means that there’s a lot more competition for each property, and that seller’s have more leeway when it comes to asking price and negotiables
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