Whether you are thinking of buying or selling a house, knowing “Is Vistancia a buyer’s or seller’s market in 2022?” is going to be a big factor in deciding when to buy or sell. Whether you are buying or selling a home, the current state of the market is going to dictate many aspects, such as the timing, price and which party has the upper hand in negotiations. So is Vistancia a buyer’s or seller’s market? The answer may shock you!
What is a Buyer’s Market Versus a Seller’s Market?
To help you make an informed decision on whether to buy or sell at this time, here we break down the differences between a buyer’s market and a seller’s market.
A buyer’s market favors the buyer – there is greater supply of houses for sale than the demand from potential homebuyers. This means that prices tend to be lower and that homebuyers have more power during negotiations for things like repairs. Because there is greater supply than demand, homes tend to sell slower than in a seller’s market, so potential homebuyers can take their time when deciding whether to put in an offer.
A seller’s market, on the other hand, favors the seller – there is a greater demand for houses for sale than there are homebuyers. This means that home prices tend to be higher and that homebuyers have less power at the negotiation table. Because the supply is smaller than the demand, homes sell quickly so it’s important to act fast when putting in an offer on a home.
Is Vistancia a Buyer’s or Seller’s Market?
So is Vistancia a buyer’s or seller’s market?
Currently, Vistancia is a seller’s market. This means that prices are higher and that homes sell faster. For instance, home prices were up 12.5% from this time last year. It also means that more homes will be sold “as is” because sellers have the upper hand in negotiations.
Buying or Selling a House in Vistancia
Whether you are buying or selling a home in Vistancia it’s important to have an experienced realtor by your side. At Your Home Sold Guaranteed Realty AZ, we can help you buy or sell a home regardless of the state of the market. To get started on your real estate journey today, call us at 623-283-2067, contact us here, or complete the form below.