What is “Buyer-Seller Price Equilibrium”?
It is a time in the real estate market cycle when Buyers are realistic about the fair market price. At the same time the Sellers are realistic about their asking price and selling price. For this ideal situation, I have coined the term “Buyer-Seller Price Equilibrium”.
Ideal state in the Florida real estate market
During a Buyer-Seller Price Equilibrium, the exchange of title and ownership of real property is done under win-win circumstances. Think of it as an ideal world, where the selling price of a property is at fair market price.
Luckily, for both buyers and sellers, this is also happening at a time with historically low mortgage rates below 4% interest. As the real estate market is in constant flux, unfortunately the current state will not last forever…
Now, is the perfect time for Buyers and Sellers to Upgrade or Downgrade.