The two sweetest words any homeowner about to offload their residence wants to hear: “seller’s market.” This occurs when the demand is far higher than the supply, which bumps up housing prices in a given area and generally leads to lots of bids (and bidding wars) for certain properties. Sometimes, prices get too steep for many buyers in these conditions, though. If you represent a seller in these times, know when to get them to drop their asking price so they can reinvigorate the interest in their listings.

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