BUYER’s or SELLER’s Market? You’d be surprised!!

Posted on January 13, 2013

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This home on Glasgow is no longer available…..It received an accepted contract after only 2 days on the market.

 

A perfect introduction to a Buyer’s vs. Seller’s Market!!

 

A buyer’s market is what you get when there’s more supply than demand. There are more people looking to sell houses than there are people looking to buy houses. In a buyer’s market, sellers may have to accept a lower price than they want to sell their home and may have to resort to staging and incentives. This is the ideal situation for buyers, because they can get a great deal.

A seller’s market is just the opposite. The demand is larger than the supply. People have more money to spend on real estate, so sellers will often see several buyers competing to buy their property, which drives up the price. This means that buyers will have to spend more to get what they want. This is the ideal situation for sellers, because they get a great price on their homes.

Because of its central locale to LSU and some of the best shopping in Baton Rouge, we find a shortage of homes for sale in the Southdowns area of Baton Rouge.

I consistently work with buyers looking to buy in the neighborhood and  their choices are limited.  More residents are renovating their homes and increasing property values.  Thankfully the days of  unsightly rentals is coming to an end.  Yes they still exist, but not in the numbers that Southdowns once realized.

Call me to discuss your options.
I’d be happy to sit down with you.

Christopher Aronstein

http://www.livesouthdowns.com

http://www.callChristopher.com

Keller Williams Realty

Baton Rouge, LA  70810

225.938.8229

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