Buyers market definition
Last modified July 10, 2023A buyer's market is a situation in which housing supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. Buyer's Market is commonly used to describe real estate markets. It means that the advantage go to the Buyers in the negotiations because there are more houses for sale than Buyers. This is a great market for 1st time homebuyers because the Sellers are anxious to sell thier property.
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Top 10 terms for First-Time Home Buyers:
- VA funding fee
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- ALTA (American Land Title Association) Closing Disclosure Statements
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- Buyers breach of contract