What is the basic difference between a buyer's and seller's market?
Staff Q&A from the 63Hours team.
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What is the basic difference between a buyer's and seller's market?
Staff Q&A from the 63Hours team.
The distinction concerns the balance between supply and demand. More available properties relative to buyers can improve buyers' negotiating position; tighter supply relative to demand can favor sellers. The course describes tendencies, not guarantees. A broad market label does not determine the right price or terms for every property and every neighborhood.
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Discussion prompt: What evidence would show the balance in the specific market being discussed?