Are you hoping to buy or sell a home in 2022 but aren’t sure what the state of the market is? Are you wondering “is Bonita Springs a buyer’s or seller’s market”? The state of the market will impact every aspect of your real estate transaction, including the price and timing. Because of factors such as mortgage rates and inflation, the state of the market fluctuates often and it can be hard to know what type of market you are in. So, is Bonita Springs a buyer’s or seller’s market?
What is a Buyer’s Market Versus a Seller’s Market?
To better help you make an informed decision on whether to buy or sell in 2022, here we break down the differences between a buyer’s market and a seller’s market.
A buyer’s market has conditions favorable to a homebuyer. Generally, this means that the supply of homes for sale is greater than the demand from homebuyers. Homes tend to sell slower and at a lower price than a seller’s market. The homebuyer also has the upper hand in negotiations and may be able to get things like home repairs covered by the home seller.
A seller’s market, on the other hand, favors the seller. In a seller’s market, there is a greater demand than the number of homes for sale. This means that homes sell quickly and for more money than in a buyer’s market. It also means that home sellers have the upper hand in negotiations and more homes are sold “as is.”
Is Bonita Springs a Buyer’s or Seller’s Market?
So, is Bonita Springs a buyer’s or seller’s market?
As of 2022, Bonita Springs is a neutral market. This means that it is neither strictly a buyer’s or a seller’s market. Prices are reasonable and homes sell in an average amount of time. Neither party has the upper hand in negotiations so the parties will have to rely on the negotiation skills of their realtor for negotiating items like home repairs.
Buying or Selling a House in Bonita Springs
At Your Home Sold Guaranteed Realty – Vasbinder International, we can help you buy or sell a home regardless of the state of the market. To get started on your real estate journey today, call us at 239-990-8290, contact us here, or complete the form below.