Buyers' vs Sellers' Market: What's The Difference?

"Buyers' market" and "sellers' market"... If you've ever come within ten miles of the real estate market, you've probably heard some of these (and other) real estate buzzwords used frequently. What do they really mean, though, and what impact can they have on you as your try to buy or sell your home in Colorado Springs? The MacGuire Team is here to help you understand the differences and how to use them to your advantage.

Buyers' Market

In a buyers' market, the number of homes for sale in Colorado Springs greatly outweigh the number of prospective home buyers. With so many homes available, buyers are able to be more selective about the homes they pursue. Since the homes available are in greater competition with one another to be sold, the sellers may be forced to drop the price or add other incentives if they want to sell their homes quickly. This situation is called a "buyers' market" because buyers get to enjoy the upper hand in the situation.

 If you are thinking about buying a house in Colorado Springs, you may want to time it to try to hit a buyer's market. No matter when you're planning to buy, though, The MacGuire Team will be here to help you!

Sellers' Market

A sellers' market is exactly the opposite - the number of interested buyers greatly outweigh the number of available homes for sale. With the supply greatly exceeding the demand, buyers will have to compete for the homes they want. When this happens, buyers may be forced to pay higher prices and make decisions more quickly or they risk losing the home to someone else. This situation is known as a "sellers' market" because sellers can wait for the best offers.

 If you are debating whether or not to sell your house, you may want to allow the current market conditions to influence your decision. If you are planning to sell your home in the near future, The MacGuire Team will be here to help you.

No Matter What The Market, The MacGuire Team Can Help You With All Your Real Estate Needs

In the many years that we have been working in real estate in Colorado Springs, we have gained valuable experience working with all types of both buyers' and sellers' markets. Whether you're looking to buy a house in a seller's market, sell your house in a buyers' market, or fulfill any other real estate need, The MacGuire Team will be here to guide you through the process.
Mike MacGuire
Colorado Springs Real Estate Agent


The MacGuire Team
6760 Corporate Dr
Ste 300
Colorado Springs, CO 80919


719-536-4324 or 719-660-6793

Mike@BuyWithMike.com
Location: Colorado Springs, CO 80919, USA

Comments

Post a Comment

Popular posts from this blog

The MacGuire Team & US Military

Image
Memorial Day is one day out of the year where we remember the men and women who have died for our country in the military. The MacGuire Team wants you to know that we also remember our military who are currently serving and their family. Because of this, we have provided the #1 Military Relocation Service in Colorado Springs . Moving can be stressful enough without having to add in other stressors like fast turn around times and another spouse who is left to handle everything. Here are just a few ways The MacGuire Team can make it easier with our  military relocation service . Colorado Springs Military Relocation Service Military families have special needs when they move. Distances are vast and time is of the essence. The MacGuire team understands that the 10-day window before reporting for duty at the new assignment is crucial to your relocation. Often, one spouse has the responsibility to choose a new home for the entire family. Or when selling, the remaining spouse must deal w
Read more

Mike McGuire's Real Estate Selling Strategy

Image
When selling your home, there are several ways you can accomplish it - but there are some ways that are better than others. When you hire the best real estate agent in Colorado Springs we use our 25 years of experience to not just sell your home, but to sell your home at the highest price possible in the shortest amount of time. Selling your home can be an overwhelming process, but our team is ready to assist you with ALL of the details. We have a very specific selling strategy that can give us the ability to make the most of your unique selling situation and sell your home as fast as possible. Here is how we accomplish this: Condition There are a few factors that go into selling your home: condition and price. The real estate market controls the price, but you can control the condition. Our team of agents can help you prepare your property for the market with advice that is time-tested. Our comprehensive listing enhancement services provide you with professional home stagi
Read more

Real Estate: We are NOT the Only Ones Saying You Should Buy

Image
By KCM Crew We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready , willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy. We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home.  Here are a few others: Benefits of Owning Joint Center for Housing Studies, Harvard University “Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.” The Federal Reserve “Renters have much lower median and mean net worth than homeowners in any survey year.” Benefits of Buying Now Trulia “Buying costs less than renting in all 100 large U.S. metr
Read more