A seller's market simply means that demand is exceeding supply. The result of being in a seller’s market is being able to sell for the highest price, there are other benefits as well. Here are 3 advantages of selling in a Sellers Market.
1. Higher Sales Price
The list-to-sales-price ratios is downgraded in a seller's market, meaning that sellers can command a higher price that is usually over the list price.
2. The Right to Refuse Concessions
Sellers can refuse to pay buyer's closing cost but must of all they can easily refuse to reject offers asking for a seller-paid inspections.
3.Sellers Dominate the transaction
In a seller's market sellers can negotiate shorter inspection periods as well instructing buyers to waive certain contingencies such as appraisal or loan contingencies.
