Property Valuation
In a buyer's market in Florida, which of the following is most likely TRUE?
AProperties sell quickly above list price
BThere are more properties for sale than buyers, giving buyers negotiating power✓ Correct
CSellers rarely accept offers below list price
DDays on market are very low
Explanation
A buyer's market is characterized by more supply (properties for sale) than demand (buyers), giving buyers negotiating leverage. Properties tend to sit longer, sell below list price, and sellers may offer concessions.
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