Final answer:
True, in a seller's market, buyers should include comprehensive financing details to make their offer stand out. Sellers can use transparency and guarantees to reassure buyers with imperfect information.
Step-by-step explanation:
In a seller's market, it's often recommended for a buyer to include details of all aspects of the financing to be arranged. This is true, as doing so can make their offer more attractive to the seller, especially when there is a lot of competition for properties.
In scenarios with imperfect information, sellers can reassure buyers by ensuring transparency, providing comprehensive product information, and offering warranties or return policies. The difficulty in agreeing on a price when imperfect information exists is because either party may feel the risk of making an unfavorable decision due to a lack of knowledge about the product or market conditions.