A 'Seller's Market' is when the current real estate market is more favorable to a Seller than a Buyer. A lack of, or low inventory puts the Seller in a better bargaining position. As a Buyer, a Seller's Market may mean offers over the 'asking price' and less of a bargaining position for terms and conditions.
It's even more important to have a good Realtor and a good Lender in your corner in a Seller's Market. Knowing the current market conditions, and the right programs available to you, may keep you from missing out on the home of your dreams.
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