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In a "sellers' market " condition clause for mortgage financing may include shorter timelines while in a "buyers' market" the timeline might be longer.

a) True
b) False

User Ulidtko
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1 Answer

1 vote

Final answer:

In a sellers' market, condition clauses for mortgage financing may have shorter timelines, while in a buyers' market, timelines may be longer; the statement is true.

Step-by-step explanation:

In a "sellers' market", the demand for homes exceeds supply, which means sellers generally have an advantage due to multiple buyers being interested in a limited number of properties. As a result, they can impose shorter timelines on clauses such as for mortgage financing, because they are more likely to find willing buyers even with these constraints. Conversely, in a "buyers' market", the supply of homes exceeds demand, giving buyers an advantage. They are in a better position to negotiate terms, including longer timelines for mortgage financing, because sellers are eager to sell their properties and may accommodate the needs of buyers to secure a sale. Therefore, the statement that in a sellers' market condition clauses for mortgage financing may include shorter timelines while in a buyers' market the timeline might be longer, is true.

User Dan Fish
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