In a buyer's market, how might sellers react to offers?

In a buyer's market, there is generally an oversupply of homes for sale relative to the number of buyers. This shift in market dynamics can lead to increased competition among sellers to attract potential buyers. As a result, sellers often become more flexible in negotiations, which is a strategic move to make their property more appealing.

Flexibility can manifest in various ways, such as being open to negotiating the price, offering concessions like covering closing costs, or making repairs to the property before sale. Sellers recognize that to complete a sale in a buyer’s market, they may need to adjust their expectations and strategies to entice buyers who may have more options available to them. Thus, it's essential for sellers to adapt to the current market conditions to enhance their chances of selling their property.