Who Determines The Property Price?

Well this is like flipping a toss of a coin. It depends how you look at it: what the agent wants to get as the maximum market value, so they can maximise their commission as well as maximise customer satisfaction from they seller customer as opposed to their buying customer, who will be looking to commit to themselves to fulfil the purchase at  the best lowest price.

We hear the terms, it is a "Buyers Market" and it is a "Sellers Market" but what isn't clear is the real estate agent is the go-between person that really is the person that determine the "market".

The decision does depend on you as the purchaser/buyer as to the limit of your purchasing price and the lower the seller would need to sell, to meet your buying price. Remember, the Seller wants to sell to obtain the highest profitable margin and ids guided by the local Real Estate agents experience.

If you have reached your buying capacity and the seller will not sell, then it is not mean to be your property, unless further funds are raised.

The most important thing is  to make sure you are fully prepared and funded to purchased your property

Dictionary.com meaning on 'Buyers Market':

1.

An economic situation in which goods or shares are plentiful and buyers can keep prices down

Dictionary.com meaning on 'Sellers Market':

1.

An economic situation in which goods or shares are scarce and sellers can keep prices high.

The power is really with the buyer, if you don't buy, the Seller will find someone else. The power to negotiate is with you -  play the negotiating game.