Have you been wondering “is Marco Island a buyer’s or seller’s market” and aren’t sure where to find the answer? The state of the current real estate market affects all real estate transactions from beginning to end. Knowing when you are at an advantage or disadvantage can make all the difference.
To answer the question “is Marco Island a buyer’s or seller’s market” we have created this valuable resource. Here, we explore the differences between the types of market and specifically how it affects Marco Island.
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 occurs when the supply of homes for sale is larger than the demand. These conditions favor the homebuyer. Homes tend to sell slower than in a seller’s market and for lower prices. Homebuyers have the advantage in negotiations when negotiating for terms such as repairs being made before the sale.
A seller’s market, on the other hand, is when conditions in the market favor the home seller. This means that the supply of homes for sale is less than the demand. In this highly competitive market, homes sell quickly and for more than in a buyer’s market. Unlike a buyer’s market, in a seller’s market the home seller has the advantage in negotiations and can often sell the home “as is”.
Is Marco Island a Buyer’s or Seller’s Market?
So, is Marco Island a buyer’s or seller’s market?
As of 2022, Marco Island is a seller’s market. Since the market is competitive and homes are sold quickly, home sellers must act quickly to put in offers before an expensive and stressful bidding war ensues. They should also be aware that home sellers have the advantage and that they may not be able to negotiate for better terms or repairs.
Buying or Selling a House in Marco Island
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.