Buyers And Sellers True Real Estate Value
Two important features that play a vital role in real estate are the sellers and buyers. In order to know the value of the person check the status of the market. If the demand is more and the supply is less then it will be called as the seller’s market but in case if it is vice versa i.e. if the demand is less but the supply is more, it is called as the seller’s market. Normally the inventory will be used in order to know the status of the market. If there are six or more months of inventory are there then it is called as the buyer’s market.
If the inventory is for three months or less, then it is known as the seller market, and if the inventory is between three to six months then it is called as the neutral market. Inventory is nothing but the value of the number of houses sold in the market to the number of houses available for sale in the market. The recent status of the market is neutral. Even the neighborhood will play a vital role in deciding the value of the house in the market.