The rules of supply and demand apply to every type of industry, and real estate is certainly no exception to that rule. The idea is that, when supply outgrows the demand for a certain product, then those who are buying will generally have the upper hand, since they can always find a different seller who will provide them with a better deal. In real estate, that is the definition of a “buyer’s market.”
In a buyer’s market, there are simply more affordable homes for sale in Thornton CO 80602 than there is demand. There are fewer buyers, so those buyers usually end up getting an excellent deal during negotiations, as well as getting the seller to agree to a variety of terms and conditions that would never apply to a seller’s market (which is simply the opposite of a buyer’s market).
If you’re a seller in a buyer’s market, you simply have to contact a reputable real estate agent or broker to help you out. Otherwise, you run the risk of either not finding a buyer at all – since other sellers whose realtors are more proficient will already have contacted them long ago – or you might end up agreeing to a very bad deal that you shouldn’t normally have to accept. A dependable and knowledgeable real estate agent can help you prevent such scenarios from occurring and get you to the closing table much faster.