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| LIFE IN SOLERA | OCTOBER 2025 | 13 REAL ESTATE REPORT Can You Keep Your Property Tax Base When You Move? By Glenn Bradd, Broker Associate, Solera Realty Team, Solera Resident The real estate market constantly shifts, and knowing whether conditions favor buyers or sellers can help you make smarter, more confident decisions. Here's how to recognize which type of market you're in and what each means for you. What is a buyer's market? A buyer's market is when there are more homes for sale than there are people looking to purchase. With a greater selection of homes on the market and less competition, buyers have more time to shop, negotiate better terms, and may even see price reductions or other purchase incentives. What is a seller's market? In a seller's market, there are fewer homes available than there are buyers looking to purchase, creating a competitive environment where bidding wars and quick sales are common. While sellers can often secure higher prices and more favorable contract terms, preparing the home properly and setting a strategic asking price at the outset are still key to attracting strong offers and ensuring a smooth closing. How can you tell which market you're in? The market type you are in is reflected through the pace of sales, how many homes are available, and how close the sale price of a home was to its listing price. In hot markets, homes sell within days, often well above their asking price. In slower markets, listings stay active longer and require more negotiation. An agent who is familiar with your area can advise you on these trends and help you interpret how they affect your goals. What should buyers do in a seller's market? Buyers should come prepared with a mortgage pre-approval letter, move quickly when a good listing appears, and make strong offers. Waiving contingencies or offering flexible closing terms can also help strengthen your offer. Setting a firm budget and walkaway point beforehand helps ensure you don't overextend yourself when the process gets competitive. What should sellers do in a buyer's market? When there are more homes than there are interested buyers, sellers should look to prioritize ways of making their property stand out. This includes competitive pricing, investing in curb appeal, staging the home and being flexible on timelines or terms. While it may take longer to sell, a well-presented and appropriately priced home can still draw strong interest even when the overall pace of sales slows. Consider asking potential seller's agents how to maximize your home's appeal. Should I wait for a better market? Trying to time the market perfectly can be difficult. In most cases, personal factors — lifestyle changes, financial readiness, or long-term plans are more important than short-term market fluctuations. Working with a trusted local Realtor can help you navigate conditions as they are and make the best possible decision for your future. Source: www.nar.realtor/the-facts/consumer-guide-buyers-vs- sellers-market