If you’re interested in buying or selling a home, you’re probably wondering: is Estero a buyer’s or seller’s market?
The state of the real estate market fluctuates. And knowing the state of the market can impact every aspect of your sale or purchase. Here we explore some of the differences between each type of market and look at Estero specifically to let you know what type of market your real estate transaction will take place in.
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.
Buyer’s Market
A buyer’s market is one that favors the homebuyer. This means that the supply of homes is greater than the demand from potential homebuyers. Homes don’t sell as quickly or for as much money as in a seller’s market. The homebuyer has the upper hand in negotiations and can often negotiate for things like needed repairs to be fixed. Because supply is plentiful, homebuyers don’t have to act as quickly to put in an offer and can take their time evaluating their options.
Seller’s Market
In a seller’s market, the conditions favor the seller. The supply of homes for sale is less than the demand, so the market is very competitive. Homes sell quickly and potential homebuyers must act fast to put in an offer to avoid expensive and stressful bidding wars. Because home sellers have the upper hand in negotiations, it’s common for homes to be sold “as is”.
Is Estero a Buyer’s or Seller’s Market?
So, is Estero a buyer’s or seller’s market?
As of 2022, Estero is a seller’s market. In this competitive type of market, homes sell quickly at higher prices and homebuyers must act quickly to put in an offer. Homebuyers should also be prepared to purchase the property “as is”.
Buying or Selling a House in Estero
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 239-990-3131, contact us here, or complete the form below.
