Selling in a Buyers Market

 

Selling in a Buyers Market


If you are thinking of selling your home during a buyers market you should know what to expect.  

In a typical sellers market, you could sell a home in one weekend with multiple offers and receive  an offer over your asking price.  But in a buyers market when you have plenty of homes and fewer buyers the tables have turned.  In this video I will discuss 4 things your should expect if your selling during a buyers market.  


#1. Low ball offers - Sellers in soft markets lose equity. Less overall demand for homes puts pressure on sales prices, causing buyers to make lowball offers.


#2. Less Activity - less viewings brings about less offers for your home.  It is important to be patient and understand that it will take longer to sell your home, 3 - 6 months is the norm in a buyers market.  


#3.   Buyers demand repairs - Buyers demand homes in good condition.  In most cases the buyers will perform a home inspection of your home, and may have a list of repair recommended by their home inspector.  In a buyers market the buyers may demand that the seller pay for these repairs or perform them before completion. 


#4.  Subject to sale clauses:  Not every buyer is a first time home buyer, or a new immigrant.  Most buyers need to sell their own home before they can purchase yours.   If a buyer's home does not sell, neither will the seller's and by that time, the number of buyers typically dwindle even more.


So there you have it the 4 things you should expect when selling your home during a buyers market.  If you have any questions please reach out to me.  


If you are thinking of selling view my playlist of videos here or reach out to my for a free home evaluation. 


Question of the day, would you sell during a buyers market?  Yes or No  Please leave it in the comments below. I will try my best to personally answer all comments myself.     


As always please like, share and subscribe and become smart savvy consumer.  I make educational videos every Tuesday and videos every Friday.  This is Alex from Vancouver and Thank you so much for watching this video eh?  

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