It's well known that in a sellers' market competition for a listing steams the buyer's enthusiasm and the bidding is aggressive.
Motivated buyers rely on good advice from their agents and want to believe that their position is optimal, and that the market is ripe for a bargain.
New listings attract buyers, especially if they're priced to sell.
New listings that are priced to sell can command lots of offers.
Seller's in buyer's markets tend to give up at times because of the competition.
If you're experiencing a weak market in your region listings that are priced and marketed right will get some offers.
On the other hand, if they're not, the frustration cycle commences and the
DOM is tediously protracted when the market insists that the sale price possesses the reasonable quality of being "good looking and attractive", based on sound market reviews.
Sellers' market is a difficult one to deal with and the reverse of a buyer's market.
The effort becomes a little more complicated if you have more sellers in the market because finding a buyer will require some effort.
Buyers want to save money, have reasons to be concerned about financing, and want to optimize the potential for every degree of excellence and worth that renders a home desirable.
Sellers choose which buyer's offer to accept.
The market is still in a state of recovery.
Declining markets still exist.
Sellers want to sell if the mortgage is upside down.
Many homeowners still face foreclosure.
The nation still has a long way to go.
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